Flash News

TREE NEWS reports: China’s domestic commodity futures opened lower on the day, with TSR20 rubber falling more than 3% and SC crude oil, rapeseed meal, rubber, Shanghai silver and alumina each dropping over 2%. Shanghai gold slid nearly 2% and lithium carbonate lost more than 1%, while methanol gained nearly 4% and the container shipping Europe route rose over 2%.

TREE NEWS reports: Taiwan’s TAIEX weighted stock index opened down 0.3% at 47,873.89 points. The lower open marks a soft start for Taiwanese equities.

TREE NEWS reports: FTSE China A50 index futures opened 0.09% lower on the latest session, after closing the previous night session down 0.01%. The modest early decline extends a subdued overnight move in the offshore futures contract tracking the 50 largest A-share companies.

TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges fell by a combined 25.99 billion yuan to 2.5735 trillion yuan as of September 28. The Shanghai exchange’s balance dropped 13.07 billion yuan to 1.3188 trillion yuan, while Shenzhen’s declined 12.92 billion yuan to 1.2548 trillion yuan.

TREE NEWS reports: ADNOC and Kuwait Petroleum Corp exported nearly 1.6 million tonnes (about 14 million barrels) of naphtha in August and September, using ship-to-ship transfers outside the Strait of Hormuz to expand sales to Asia, traders and analysts said. The two firms accounted for nearly half of Gulf naphtha exports before the Iran war; in March and April, when the US-Iran conflict disrupted trade flows, their combined exports were only about 700,000 tonnes.

TREE NEWS update: US President Donald Trump will attend an artificial intelligence-themed luncheon at 12:30 pm Eastern Time on Tuesday. No further details on the venue, attendees or agenda were given. The appearance puts the president at an AI-focused gathering amid ongoing policy attention on the sector.

TREE NEWS reports: Luckin Coffee is evaluating an entry into the Middle East market, CNBC reported. The Chinese coffee chain has not disclosed a timeline, target countries or investment size for any potential expansion. The assessment remains at an early stage, with no binding commitments or launch dates announced.

TREE NEWS reports: The 10-year Treasury yield closed Monday at its highest level since 2007, prompting Bits + Bips co-host Ram Ahluwalia to call the selloff “technical panic selling” and say he expects yields to top out soon. Ahluwalia said he favors utility stocks over bonds.

TREE NEWS reports: CITIC Securities said it expects Chinese home prices to stop falling and recover across a broad range of markets around the 2027 Spring Festival, as supply- and demand-side policies work together to lift demand. The brokerage said the completed-housing sales policy has largely eliminated delivery risk and boosted consumer confidence, with a market recovery likely to accelerate markedly.

TREE NEWS reports: European equity futures opened slightly higher, with Euro Stoxx 50 futures up 0.5%, Germany’s DAX futures up 0.3% and UK FTSE futures up 0.2%. The modest gains across the region’s main contracts point to a mildly firmer open for European cash markets.

TREE NEWS update: New Zealand will reduce its 2026-27 bond issuance programme by NZ$4 billion to NZ$30 billion, the government said. The Treasury forecasts annual GDP growth of 2.9% in 2026-27 and a budget deficit of NZ$6.8 billion for the fiscal year, while still projecting a return to budget surplus in 2028-29.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.2% lower and South Korea’s Kospi opened down 0.7% on Tuesday. The two benchmarks slipped at the open, with no further details on the drivers of the moves given in the initial data.

TREE NEWS update: Chinese local government bonds are either about to be issued or are currently being issued. The material provides no further details on the size, timing, pricing or which regional governments are involved. No additional figures or dates were disclosed.

TREE NEWS reports: CICC said in a research note that AI compute demand in 2026 is driving an expansion cycle for specialty electronic cloth, with looms drawing sharply higher market attention in the third quarter of 2026. Domestic loom equipment is moving into small-batch validation, while overseas specialty electronic cloth leaders posted better-than-expected profitability, strengthening industry capex willingness. CICC advises focusing on domestic electronic cloth loom performance improvements and order fulfillment from the second half of 2026 through 2027.

TREE NEWS reports: Nikkei 225 futures gained 0.3% in early trading, pointing to a firmer open for Japanese equities. The move reflects overnight positioning in the index derivatives market ahead of the cash session. No further details on the drivers of the advance were given.

TREE NEWS reports: UK shop prices rose 1.4% year-on-year in September, undershooting expectations of 1.5%. The reading also came in below the prior month’s 1.5% pace, marking a further slowdown in annual shop price growth.

TREE NEWS update: Wang Dengfeng has left his role as chief investment officer at BlackRock Fund, roughly 13 months after returning to public fund management, he confirmed. His next move keeps him in the same line of work: he will join a public fund company based in Beijing. The departure was confirmed to Chinese media by Wang himself.

TREE NEWS update: Russia’s Defense Ministry said its forces struck Ukrainian logistics and communications centers, port infrastructure and vessels with drones overnight from Sept. 27 to Sept. 28, and captured two settlements in the Sumy and Donetsk regions. Russian air defenses downed 10 Ukrainian guided aerial bombs and 442 drones over the past 24 hours, the ministry said. Ukraine said it repelled multiple Russian attacks.

TREE NEWS reports: Chinese commercial banks had issued 88 tier-2 capital bonds and perpetual bonds worth more than 1.6 trillion yuan as of September 28, up 29.53% from the same period last year, Wind data show. Large and mid-sized banks dominated the issuance to replenish capital, while smaller banks mainly relied on capital increases and share placements. The capital replenishment market is showing clear divergence.

TREE NEWS reports: As of 18:00 on September 28, 2,030 A-share listed companies had disclosed merger and acquisition or restructuring matters this year, keeping M&A market activity at a high level. Cases built around horizontal consolidation of core businesses and vertical extension along supply chains have remained numerous, as companies integrate upstream and downstream operations to broaden their industrial matrix and build new earnings growth curves.