Flash News

TREE NEWS update: Shuanghuan Drive (002472.SZ) has terminated the spin-off and listing of its subsidiary HuanDong Technology on Shanghai’s STAR Market. The decision halts the planned IPO as the company reassesses the unit’s listing strategy. No further details on the reason were provided.

TREE NEWS reports: Shenzhen’s combined new and existing home sales reached 6,864 units in August, up 8.5% year-on-year but down 17.5% month-on-month due to the traditional slow season, marking the highest for the period since 2022. Longgang and Bao’an districts each surpassed 1,000 units, with Longgang leading at 1,380 units.

TREE NEWS update: Nvidia agreed to acquire Hugging Face for $12.93 billion, gaining a platform used by over 18 million developers to share and deploy AI models. The deal marks Nvidia’s push into AI software, expanding beyond its core chip business.

TREE NEWS reports: UK government bonds extended their rally, with the 10-year gilt yield dropping 7 basis points to 5.16%. The move reflects continued demand for safe-haven assets amid ongoing market uncertainty.

TREE NEWS reports: US Treasuries advanced after Federal Reserve Governor Christopher Waller delivered dovish comments, signaling potential rate cuts. The bond market rallied as investors interpreted his remarks as a shift toward easier monetary policy. Yields declined across maturities, reflecting increased demand for fixed-income assets.

TREE NEWS update: Eisai’s Alzheimer’s drug lecanemab (Leqembi) has been approved in China for subcutaneous auto-injector use, enabling at-home initial treatment for early-stage Alzheimer’s. The National Medical Products Administration granted approval, making China the second country globally and the first in Asia to allow the device, following US approval in July.

TREE NEWS update: China’s Tianwen-3 Mars sample-return mission has entered its initial prototype development phase, chief scientist of the mission, speaking at the Deep Space Exploration (Tiandu) International Conference on Tuesday. Technical breakthroughs and scientific preparations are progressing in parallel.

TREE NEWS reports: The yen weakened sharply, falling 2% against the dollar to 155.56, as currency markets reacted to shifting rate expectations. The move marks a notable one-day decline, underscoring volatility in major FX pairs amid global economic uncertainty. Traders are closely watching for potential intervention by Japanese authorities.

TREE NEWS update: Federal Reserve Governor Christopher Waller said his next rate decision will “largely depend” on next week’s August inflation data. He noted that if the data comes in hot, he would consider supporting a rate hike, emphasizing that even a modest acceleration could shift him toward tighter policy. Waller acknowledged recent signs of easing inflation but stressed it remains above the Fed’s 2% target, and a reversal in progress might require a small policy adjustment.

TREE NEWS update: AirAsia and Pegasus Airlines, Turkey’s largest low-cost carrier, signed their first codeshare agreement on September 2. The partnership aims to expand AirAsia’s European reach and could create conditions for over 100 new routes between Asia and Europe in the short and long term.

TREE NEWS reports: US stock index futures advanced on [date], with Nasdaq futures turning positive and S&P 500 futures up 0.3%. The move reflects improving risk sentiment in early trading.

TREE NEWS update: German discount supermarket chain Aldi has signed an agreement to establish its Anhui headquarters in Shushan District, Hefei. The company announced its first six stores will open in November in Hefei and Wuhu, located in popular commercial areas and communities across Shushan, Baohe, Feixi, Jinghu, and Yijiang districts. Preparations are underway.

TREE NEWS reports: The US Bureau of Labor Statistics reported final second-quarter nonfarm unit labor costs rose 1.2% annually, down from the initial estimate of 1.3% and below the 1.3% expected. The downward revision signals slightly less inflationary pressure from labor costs.

TREE NEWS reports: US initial jobless claims for the week ending August 29 came in at 206,000, slightly above the expected 205,000 and up from the prior week’s 203,000. The data reflects a modest uptick in unemployment filings, suggesting a gradual cooling in the labor market.

TREE NEWS reports: US continuing jobless claims for the week ending Aug 22 came in at 1.779 million, below the 1.795 million expected and slightly above the prior week’s revised 1.778 million. The data suggest a gradual cooling in the labor market, with fewer individuals drawing unemployment benefits.

TREE NEWS reports: Canada’s labor productivity rose 1% in the second quarter quarter-over-quarter, rebounding from a revised 0.5% decline in the prior period. The data, released today, signals a recovery in output per hour worked. This improvement follows a period of contraction, suggesting potential gains in economic efficiency.

TREE NEWS reports: Canada’s trade balance for July narrowed sharply to a surplus of C$770 million, down from C$3.86 billion in the previous month. The figure reflects a significant reduction in the trade surplus, indicating weaker export performance or stronger import growth. This data point may influence expectations for Canadian economic growth and currency movements.

TREE NEWS reports: The US trade deficit widened to $88.6 billion in July, exceeding the expected $74.5 billion and the prior month’s $73.3 billion. The larger-than-expected gap signals ongoing import strength and potential drag on third-quarter GDP.

TREE NEWS reports: On Sept 2, US stocks rose with Dow +0.56%, S&P 500 +0.47%, Nasdaq +0.45%. Hecla Mining (HL) surged 8.69% to $20.77 despite silver gaining less than 1%, as weak ADP jobs data (38K vs 47K expected) cooled rate-hike bets. Miners show operational leverage. Ciena (CIEN) reports premarket tonight at 12:30 UTC.

TREE NEWS update: A symposium on web film creation was held, discussing creative practices, business model innovation, and policy support. Attendees urged filmmakers to uphold correct values, diversify content, and optimize the ecosystem, while emphasizing the rational use of AI as a creative tool and partner to enhance quality and efficiency.