Flash News

TREE NEWS reports: Fliggy said on October 1 that the number of users buying natural-scenery and village-tour products on its platform during the National Day holiday rose nearly 50%. The Alibaba-owned travel platform labels trips into mountains and villages that retain their local natural and cultural character, where travelers experience local life, as “native tourism.”

TREE NEWS update: China’s Finance Minister Lan Fo’an said the government will implement a more proactive fiscal policy with greater precision, including issuing 300 billion yuan in special treasury bonds to replenish the core tier-one capital of central financial enterprises. In an article in Qiushi, Lan said spending will be accelerated and ultra-long special treasury bonds and local government special bonds will be deployed to support the “Two Major” construction projects, while fiscal-financial coordination policies will be expanded to boost consumption and private investment.

TREE NEWS reports: China’s current account surplus reached $378 billion in the first half of 2026, with total current account receipts and payments of $4.6 trillion, up 16% year on year, the State Administration of Foreign Exchange said in its H1 2026 balance of payments report. Goods trade rose 18% in the period, while services exports climbed 21% and services imports grew 7%.

TREE NEWS reports: China Railway is expected to handle 24.8 million passenger trips on October 1, the first day of the National Day holiday, with 2,324 additional trains scheduled. Travel demand is concentrated in the Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing regions. Beijing Railway Bureau expects 1.75 million trips, a National Day holiday record, while Guangzhou Railway Bureau expects 3.837 million trips, up 9.4%.

TREE NEWS update: US Secretary of State Marco Rubio on the 28th ordered Iranian Foreign Minister Abbas Araghchi’s delegation to leave the United States immediately after negotiations between the two sides reached a deadlock. The US mission to the UN told Iran’s UN mission that night that the delegation had to depart New York at once. Talks earlier that day had been expected to make progress before stalling.

TREE NEWS reports: South Korea’s exports rose 83.5% year-on-year in September to $120.94 billion, a record for a single month, the Ministry of Trade, Industry and Energy said on October 1. Semiconductor exports reached $60.3 billion, up 262.8% year-on-year, topping $60 billion for the first time. Cumulative exports for the first nine months exceeded $800 billion, already above last year’s full-year level.

TREE NEWS reports: The Three Gorges hub handled 120 million tonnes of cargo in the first three quarters of 2026, according to statistics from the Yangtze River Three Gorges Navigation Administration. The passage also safeguarded 499,000 passenger trips, 34.492 million tonnes of livelihood supplies and 23.689 million tonnes of key materials over the dam.

TREE NEWS reports: Japan’s 30-year government bond yield climbed 6 basis points to 4.200%, while the 10-year yield rose 5 basis points to 3.11%. The move extends higher long- and medium-dated Japanese government bond yields.

TREE NEWS reports: Australia’s goods and services trade surplus came in at A$495 million for August, far short of the A$2.1 billion consensus estimate and down from a revised A$1.923 billion in July. The miss marks a sharp contraction in the monthly surplus, with the prior reading of A$1.923 billion now the comparison base.

TREE NEWS reports: Australia’s exports rose 3.7% in August, swinging from a 3.3% decline the previous month, official trade data showed. The prior reading was -3.3%. No further breakdown of the trade figures was given.

TREE NEWS reports: Japan’s Nikkei 225 index extended its advance to 2% during the session. The benchmark’s gain widened as the rally picked up momentum, with the move marking a 2% rise on the day.

TREE NEWS reports: South Korea’s KOSPI index reversed earlier losses to trade higher, having been down as much as 1% during the session. The benchmark index’s swing into positive territory marks a turnaround from its intraday decline.

TREE NEWS update: Wuhan’s housing, natural resources and local financial regulators issued implementation rules for a national notice on reforming commodity housing sales. Developers that sign a land transfer contract and obtain a pre-registration certificate for the parcel can first secure planning and construction permits; projects paying land fees on schedule may apply for pre-sale permits for the corresponding portion, with pre-registration of the land mortgage allowed under closed fund management.

TREE NEWS update: Blue Origin CEO Dave Limp said the space company’s first-ever external funding round is oversubscribed and has not yet closed, drawing heavy investor interest. Speaking Tuesday at the Trump administration’s “Hello America” tech summit in Washington, D.C., Limp said he was surprised by how warmly the investor community has embraced the space industry. He did not disclose the size of the round or name any investors.

TREE NEWS reports: South Korea’s benchmark KOSPI index extended its decline to 1%, with market heavyweights Samsung Electronics and SK Hynix each falling more than 1%. The move marks a deepening of the session’s losses in Seoul, where the two chipmakers are the index’s largest constituents.

TREE NEWS reports: South Korea’s manufacturing PMI came in at 53.9 for September, up from 52.3 in the previous month, keeping the reading above the 50 mark that separates expansion from contraction. The data was published as the latest monthly gauge of activity in Asia’s fourth-largest economy.

TREE NEWS update: US President Donald Trump is scheduled to deliver remarks at 6:00 pm Central Time, the White House said. No further details on the venue or subject of the address were provided. The appearance comes as markets remain sensitive to any policy signals from the administration.

TREE NEWS reports: Spot silver dropped below $60 an ounce for the first time since August 5, while spot gold fell through $4,150 an ounce. The pullback in both precious metals marked a sharp reversal from recent highs. No further details were immediately available.

TREE NEWS update: The UK government has scrapped its “one in, one out” migrant returns mechanism with France, under which Britain could send back people who crossed the Channel in small boats and take in an equal number of asylum seekers arriving via safe, legal routes. The deal, announced by former prime minister Keir Starmer and President Emmanuel Macron in July 2025, saw only about 1,500 people returned. It is expected to formally end on October 1.

TREE NEWS reports: US President Donald Trump held urgent talks with advisers on measures to lower fuel prices, including a possible ban on diesel exports, as of September 30. US officials have notified foreign allies, including the UK, that fuel supplies could be disrupted. A White House official said Trump is reviewing ‘all viable options’ to reduce domestic fuel prices, but no decision has been made on suspending exports.