Flash News

TREE NEWS reports: The US Bureau of Labor Statistics will release August JOLTS job openings on Sept 29 at 10:00 ET, with market consensus at about 7.23 million versus July’s 7.27 million. The data lands after the Fed raised rates to 3.75%-4% on Sept 16, with 16 of 18 officials expecting another hike this year and October odds near 71%. Bitcoin slipped to about $83,000; US spot bitcoin ETFs drew roughly $2.4 billion last week.

TREE NEWS reports: The MSCI Asia-Pacific Index dropped 1% to 273.83. The decline marks a broad pullback across Asia-Pacific equities, with the index giving up gains as regional markets sold off.

TREE NEWS update: Hengrui Pharmaceuticals said in a September 29 filing that it has agreed to license HRS-1596, a once-weekly oral GLP-1/GIP dual receptor agonist, to Novo Nordisk A/S for a fee. The potential total transaction value is up to $2.6 billion. The agreement covers the paid licensing of the drug candidate to the Danish pharmaceutical company.

TREE NEWS reports: Australia’s 3-year government bond yield pared its decline after the Reserve Bank of Australia raised interest rates. The move in short-dated yields followed the central bank’s rate decision. No further figures were disclosed in the material.

TREE NEWS reports: China’s Ministry of Science and Technology holds a press conference on building a science and technology powerhouse at 15:00 Beijing time, followed by Eurozone September consumer confidence at 17:00 and Canada July GDP at 20:30. US August JOLTS job openings and September Conference Board consumer confidence land at 22:00, with Fed Governor Bowman and BoE MPC members Mann and Taylor speaking from 23:00. OpenAI’s DevDay 2026 begins at 00:30.

TREE NEWS update: The Reserve Bank of Australia raised its cash rate by 25 basis points, in line with market expectations, sending AUD/USD higher in short-term trading. The central bank said it will raise rates further if necessary.

TREE NEWS update: Australia’s central bank said its latest rate decision was unanimous, with inflation still too high and some of the upside risks flagged in August now materialising. The Middle East conflict has widened and global energy prices are far above the assumptions used in August forecasts. The RBA said it will do what is necessary to return inflation to target, including raising the cash rate further if needed.

TREE NEWS update: Australia’s central bank raised its policy interest rate to 4.6%, in line with expectations and up from the previous 4.35%. The move marks a further step in the country’s tightening cycle.

TREE NEWS reports: About 11 million American workers, roughly 7% of the current US labor force, may need to change occupations by 2035 because of AI-driven job displacement. The consultancy said annual occupational switching could triple from the historical pace of about 215,000 workers a year over the next decade, with six of every seven affected workers likely to require substantial retraining and to face income losses.

TREE NEWS reports: XPeng has struck carbon credit trading deals with Porsche and several other international automakers, covering markets including the EU, UK and Australia, with cumulative revenue estimated at more than 1 billion yuan. The Chinese EV maker’s overseas sales surpassed 20,000 units in the second quarter, up 81% year-on-year, building a large pool of carbon credit allowances. Carbon credits now form part of XPeng’s diversified revenue mix alongside vehicles and technical services.

TREE NEWS update: Gansu province issued a total of 23.9785 billion yuan in special local government bonds across five tranches. The largest was a 20-year other special bond of 11.52 billion yuan at a 2.2000% yield, while a 5-year land reserve bond raised 404.18 million yuan at 1.4600%. A 7-year shantytown redevelopment bond raised 100 million yuan at 1.5500%.

TREE NEWS reports: Cui Dongshu, secretary-general of the China Passenger Car Association, said China’s passenger vehicle market remains in the mid-stage of adoption and is far from peaking, with long-term growth potential intact. He attributed the current downturn to short-term policy disruption, cyclical swings and institutional constraints, and pointed to first-time buyer demand in lower-tier counties plus cost gains from the new energy vehicle supply chain.

TREE NEWS update: A consortium of China Merchants Shekou and Nanshan won a residential plot in Shanghai’s Yangpu district on Sept. 28 for 2.92 billion yuan, a 21.46% premium over the 2.405 billion yuan starting price. The site covers 18,557.31 square meters with a planned floor area of 44,537.54 square meters and a floor-area ratio of 2.4. Five bidders competed through 109 rounds, with the final floor price reaching 65,574 yuan per square meter.

TREE NEWS update: The Reserve Bank of Australia is scheduled to announce its interest rate decision at 12:30 Beijing time. The decision is the central bank’s latest policy move and is being watched by markets. No further details on the expected outcome were provided.

TREE NEWS update: Fujian Coast Guard has organized fleet formations to carry out routine law enforcement patrols in waters near Kinmen since September, said Zhu Anqing, spokesperson for the East China Sea Branch of the China Coast Guard Bureau. The patrols are aimed at strengthening control over the relevant waters, safeguarding the legitimate rights and safety of fishermen from both sides of the Taiwan Strait, and ensuring normal navigation and operation order in the Xiamen-Kinmen waters.

TREE NEWS update: Xiangyu acquired a residential plot in Shanghai’s Baoshan district for 1.214 billion yuan on September 28, paying the starting price with no premium. The site covers 29,987.62 square meters (44.98 mu) with a planned floor area of 44,981.43 square meters and a floor area ratio of 1.5. The deal was part of Shanghai’s tenth batch land auction, which offered four plots, and priced the floor at 27,000 yuan per square meter.

TREE NEWS reports: South Korea’s benchmark KOSPI index fell 1% during intraday trading. The decline marks a pullback in Seoul equities on the session, with the index down 1% from the prior level.

TREE NEWS reports: Australia’s central bank is widely expected to raise its cash rate by 25 basis points to 4.6%, the highest level since November 2011, ending two consecutive holds. Markets will watch the decision statement and Governor Michele Bullock’s press conference for whether the hawkish tone persists and signals a further November hike. Above-forecast inflation, stronger-than-expected second-quarter GDP growth and rising inflation expectations may prompt the RBA to flag concerns over sticky inflation and reassess the timeline for a return to its 2%-3% target.

TREE NEWS reports: Bain said the global AI industry needs to generate $6 trillion in annual revenue by 2031 to justify the capital being poured into data centers worldwide. In its annual global technology report released Tuesday, the consultancy estimated that existing consumer and enterprise AI services could produce up to $1.8 trillion in revenue, leaving a $4.2 trillion gap to be filled by emerging areas such as autonomous machines, robotics, drug discovery, mental health and energy production.

TREE NEWS update: India’s Commerce Minister Piyush Goyal began a seven-day US visit on Tuesday, seeking to finalize an interim trade agreement with Washington. He will attend the G20 trade ministers’ meeting in Milwaukee on September 30 and October 1, where he is scheduled to hold bilateral talks with the US Commerce Secretary to advance a “balanced and mutually beneficial” trade deal, his ministry said.