Flash News

TREE NEWS reports: The US dollar dropped more than 1.5% against the Japanese yen in intraday trading, hitting 156.31. The move reflects heightened volatility in currency markets.

TREE NEWS update: OpenAI CEO Sam Altman said the government is reviewing the production process of the Astra large language model. The statement was made in a recent interview, though details of the review were not disclosed. The review highlights growing regulatory scrutiny of advanced AI systems.

TREE NEWS reports: China’s services trade totaled 4.44671 trillion yuan in the first seven months of 2026, up 8.3% year-on-year, the Ministry of Commerce said. Exports rose 17.1% to 1.77323 trillion yuan, while imports grew 3.2% to 2.67348 trillion yuan. The services trade deficit narrowed by 176.33 billion yuan to 900.25 billion yuan.

TREE NEWS reports: SK Hynix is considering advancing investments in both its Yongin semiconductor cluster and Gwangju, as the company ramps up spending on its Gwangju-based production base in the southwest region. Internal discussions are exploring a plan to run the long-term Yongin project alongside Gwangju investment, aiming to balance local conditions while pushing forward with concentrated investment in Yongin.

TREE NEWS reports: The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain, as researchers traced the assets to a new Ethereum address. The transfer marks a notable laundering step in the ongoing incident.

TREE NEWS reports: US announced job cuts in August fell 38.5% year over year, Gray & Christmas. This follows a revised decline of 46.1% in the prior month. The data indicate a continued slowdown in layoffs amid a resilient labor market.

TREE NEWS reports: Kalshi reportedly plans to file with the CFTC for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week with no expiration date. The contract would offer continuous exposure to crude prices, pending regulatory green light.

TREE NEWS update: Chery Holding Chairman Yin Tongyue said on Sept. 3 at the 2026 World Power Battery Conference that its Rhino battery series includes solid-state cells with an energy density of 400Wh/kg. The semi-solid version is slated for vehicle installation in Q4 2026, while full solid-state batteries will undergo on-vehicle validation in 2027, adhering to a principle of ‘no installation until proven safe.’

TREE NEWS update: Feilong Co. said its stock rose cumulatively 20.79% over two sessions, triggering abnormal volatility. Controlling shareholder Wanxi Holdings reduced 5.16 million shares, or 0.8979% of total capital, through Sept 3. The company attended broker strategy meetings in Shanghai Sept 1-3, and noted non-automotive revenue remains a small share of total.

TREE NEWS reports: UK asset manager Schroders has increased its holdings of longer-dated US Treasuries, with global chief investment officer Johanna Kyrklund saying the 10-year yield’s valuation appeal has improved. She noted that after the recent market selloff, there is an opportunity to hold some duration. The 10-year Treasury yield rose to nearly 4.82% on Wednesday, the highest since 2023.

TREE NEWS update: A lawsuit alleges that Radiant World sent forged Glencore contracts to lenders. The claim was made in legal filings, suggesting the company used fabricated documents in financing arrangements. Further details were not immediately available.

TREE NEWS update: The 2026 Inclusion·Outer Bank Conference will be held from September 9 to 12 at the Shanghai Huangpu Expo Site. Under the theme ‘Co-creating the New AI Economy,’ the event will feature one main forum and over 40 insight forums, focusing on how AI can be transformed into new productivity and economic opportunities.

TREE NEWS update: Accelink Technologies announced on September 3 that it will unveil the world’s first fully self-developed distributed acoustic sensing (DAS) module in a compact pluggable CFP2 package at CIOE 2026. The low-power, highly integrated product, paired with a proprietary data acquisition board, quickly adapts to existing rack architectures for easy deployment.

TREE NEWS update: Japan’s Vice Finance Minister for International Affairs Atsushi Mimura said on Thursday he has nothing to say about current exchange-rate moves, while adding that he is dissatisfied and uneasy about the yen’s levels. His remarks come amid ongoing intervention threats by Japanese authorities.

TREE NEWS reports: Bank of Japan account data released on Thursday indicate that Japanese authorities did not conduct major intervention in the foreign exchange market on Wednesday to support the yen. The figures suggest the currency’s recent moves occurred without official market action, leaving traders to speculate on future policy steps.

TREE NEWS update: On September 2, Beijing Vice Mayor Sun Shuo visited the Beijing Stock Exchange (BSE) to mark its fifth anniversary and chaired a working meeting on enterprise listing services. The meeting reviewed the city’s IPO support and listed company development, with officials from the Beijing Financial Regulatory Bureau, CSRC Beijing office, and BSE in attendance.

TREE NEWS update: China’s Ministry of Commerce and three other departments announced the second list of 32 pilot cities for retail industry innovation and upgrading. The cities include Qinhuangdao, Baoding, Wuxi, Ningbo, Wenzhou, and others, with focus areas such as store-specific renovations, supply chain improvements, digital empowerment, and diversified innovation.

TREE NEWS reports: Brent crude oil broke above $96 per barrel, trading at $96.02. The price move reflects ongoing supply concerns and market sentiment. Analysts are watching for further volatility amid geopolitical tensions.

TREE NEWS reports: Eurozone producer prices surged 1.6% month-on-month in July, reversing a 0.3% decline in the previous month. The sharp rebound signals renewed inflationary pressure at the wholesale level, potentially influencing European Central Bank policy deliberations. Economists will watch for further data to assess the sustainability of this uptick.

TREE NEWS reports: Arthur Hayes, BitMEX co-founder, predicts EURJPY will fall from 185 to 140 or lower by June, citing U.S. Treasury Secretary Bessent’s strategy to sell euros and buy yen. Hayes argues this will trigger a sharp expansion in dollar liquidity as French bank stress forces Federal Reserve RMP purchases, potentially restarting the crypto bull market. He remains long bitcoin, ether, Ethena, and Ether.fi.