Flash News

TREE NEWS reports: Asset managers added more than 100,000 10-year Treasury futures shorts in the week to Sept. 22, one of the largest weekly increases since 2023, while 30-year yields hit their highest since 2002, CFTC and CME data show. Combined new exposure in 5- and 10-year contracts since early last week equals about $32 million per basis point. Traders now watch Wednesday’s Fed inflation gauge and Friday’s jobs report, with economists expecting September payrolls to slow to about 90,000 from 162,000.

TREE NEWS update: Shanghai Clearing House Co. said it will waive or reduce several bond-related fees from Oct. 1, 2026 through Dec. 31, 2028. Issuance registration fees for all bonds will remain waived and interest payment and redemption service fees will be halved, while the interest payment and redemption service fee for panda bonds will be waived entirely.

TREE NEWS reports: TrendForce’s latest memory industry research forecasts Q4 2026 conventional DRAM contract prices will rise 10%-15% quarter-on-quarter, with NAND Flash contract prices up 15%-20%. DRAM makers continue to allocate advanced process capacity to high-performance server products, keeping the market in a supply-demand deficit even as the pace of contract price increases slows. NAND Flash is developing on two tracks, with AI acceleration and weak consumer demand both driving prices higher.

TREE NEWS update: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Postal Savings Bank of China published announcements on September 30 on implementing the residential housing loan interest subsidy policy, saying they are advancing subsidy work for commercial personal housing loans, streamlining procedures and offering the service to eligible customers. The six banks said they charge no fees for the business and warned consumers to guard against fraudsters citing the subsidy.

TREE NEWS update: Huang Jian, president of GAC’s Trumpchi business unit, returned to GAC Toyota as executive vice president. GAC confirmed the appointment, describing it as a normal personnel adjustment based on the group’s operational development and organizational capability needs. The group cited Huang’s experience in strategic planning and management across joint-venture and own-brand operations.

TREE NEWS update: Sichuan’s Department of Commerce will launch a consumer goods trade-in subsidy for 10 self-selected categories from Oct 1 to Dec 31, 2026, funded from local matching funds under ultra-long special treasury bonds. Each item is subsidized at 15% of the final sale price after discounts, capped at 1,500 yuan per item, with one subsidized unit per category per consumer, on a first-come, first-served basis until funds run out.

TREE NEWS reports: Fujian Maritime Safety Administration expects the four cross-strait “Mini Three Links” passenger routes to carry about 56,270 passengers during China’s National Day holiday, a 29.71% year-on-year increase. The four routes are set to see a peak in passenger traffic over the holiday period.

TREE NEWS update: Iran’s foreign ministry issued a warning on September 29 to the United Arab Emirates and other Middle Eastern countries over Israeli Prime Minister Benjamin Netanyahu’s September 27 visit to the UAE, saying Israeli activity in the region carries “dangerous consequences.” The statement did not specify what measures Tehran might take. The warning follows Netanyahu’s trip to the Gulf state two days earlier.

TREE NEWS reports: The pound rose 0.2% against the dollar to 1.3257 following the release of UK second-quarter GDP data. The move came as the data hit the market, with sterling firming in the immediate reaction. No further figures were given in the initial report.

TREE NEWS update: US Defense Secretary Pete Hegseth is expected to announce on September 30 a reduction of 20% in the US military’s general and flag officer positions. The move would shrink the senior officer corps across the armed forces.

TREE NEWS reports: Germany’s import price index rose 1% month over month in August, exceeding the 0.6% consensus estimate and accelerating from a 0.2% gain in July. The stronger-than-expected reading points to renewed price pressure on goods entering Europe’s largest economy.

TREE NEWS reports: UK second-quarter GDP grew 0.5% quarter-on-quarter in the final reading, the Office for National Statistics data showed, above the 0.4% expected and the 0.4% preliminary estimate. The revision marks a stronger-than-first-reported pace for the UK economy in the three months through June.

TREE NEWS reports: UK private household consumption spending rose 0.3% quarter-on-quarter in the second quarter, the final reading confirmed, matching both the 0.3% preliminary estimate and the 0.3% consensus expectation. The final figure leaves the quarterly pace of household spending unchanged from the earlier estimate.

TREE NEWS reports: UK business investment rose 1.75% quarter-on-quarter in the second quarter, above the 1.7% expected and the 1.7% preliminary reading. The revision marks a slight upgrade to the earlier figure for the period.

TREE NEWS reports: The UK’s current account deficit for the second quarter came in at £19.932 billion, narrower than the £25.5 billion expected and down from a revised £22.1 billion in the prior quarter. The smaller shortfall marks an improvement in the country’s external balance.

TREE NEWS update: Kweichow Moutai’s liquor sales unit said the iMoutai app will be taken offline for a full day of maintenance and upgrades on Oct. 6, 2026, with offline services that require the app suspended at the same time. The company’s 43 self-operated stores will also close for the day. The notice was issued on Sept. 30.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock exchanges surpassed 1 trillion yuan. The milestone reflects heavy trading activity in mainland China’s two largest equity markets. No further details were disclosed.

TREE NEWS update: Huawei announced on its official website on September 30 that Xu Zhijun will serve as rotating chairman from October 1, 2026 to March 31, 2027, chairing the company’s board of directors and its standing committee. The appointment follows Huawei’s rotating chairman system.

TREE NEWS update: A magnitude 6.0 earthquake struck off the coast of Yonaguni Island, Japan, at about 14:00 local time on the 30th, Japan’s Meteorological Agency said. The quake’s hypocenter was at a depth of 10 kilometers, and the maximum seismic intensity recorded was 3 on Japan’s scale.

TREE NEWS update: SK Energy has issued a tender to purchase Middle East crude cargoes scheduled for loading between November and February. The South Korean refiner’s buy tender covers shipments across the four-month window, with terms and volumes not disclosed.