Flash News

TREE NEWS reports: China Railway Shanghai Group carried 10.26 million passengers across the Yangtze River Delta during the three-day Mid-Autumn holiday from September 25 to 27, averaging 3.42 million passengers per day, a 61% year-on-year increase. The figures cover the regional rail network operated by the group.

TREE NEWS reports: Hong Kong-listed optical communication shares extended losses in afternoon trading, with Yangtze Optical Fibre and Cable (YOFC) falling more than 15%. Zhongji Innolight and Cambridge Technology each dropped over 10% in the same session as the sector sold off broadly.

TREE NEWS reports: Spot gold dropped below $4,190 an ounce, extending an intraday decline of more than 2%. The move marks a sharp pullback in the precious metal, which had been trading near record highs. No specific catalyst was cited for the drop.

TREE NEWS reports: Haikou Customs recorded 231 million yuan in duty-free offshore shopping in Hainan over the Mid-Autumn holiday from Sept 25 to Sept 27, with 38,600 shoppers and 179,000 items purchased. Family trips and group travel drove the holiday consumption peak, with premium skincare and designer luggage among the most sought-after categories.

TREE NEWS reports: China’s industrial enterprises above designated size posted a 4.2% year-on-year profit increase in August, slowing from the prior period on a high base, the National Bureau of Statistics data showed. The Ministry of Commerce also released details of a China-U.S. trade council and a reciprocal “30 billion for 30 billion” tariff reduction framework. The People’s Bank of China injected a net 439.7 billion yuan via open market operations.

TREE NEWS update: China’s State Council Information Office holds a 15:00 Beijing time press briefing on implementing the 15th Five-Year Plan and advancing high-quality development of central state-owned enterprises. Later in the day, BoE Deputy Governor Ramsden speaks at 18:00, Fed Vice Chair for Supervision Bowman at 20:15, and ECB President Lagarde at 22:00, followed by the US September Dallas Fed business activity index at 22:30.

TREE NEWS update: China’s National Energy Administration said the country will ensure sufficient and price-stable natural gas supply through this winter and next spring, with heating demand the priority. Upstream suppliers were told to boost domestic output and fill underground storage and coastal LNG tanks before winter, while the national pipeline operator must complete major projects on schedule and Hebei and other provinces coordinate supply and demand.

TREE NEWS reports: India’s Nifty 50 index fell 1% on Tuesday. The decline marks a pullback in the benchmark gauge of India’s largest listed companies. No further details were immediately available.

TREE NEWS update: Beijing No. 3 Intermediate People’s Court on Sept. 28, 2026 sentenced Xu Heyi, former party secretary and chairman of Beijing Automotive Group (BAIC), to death with a two-year reprieve on bribery charges, plus two years in prison and a 200,000 yuan fine for money laundering. The court stripped Xu of his political rights for life and ordered all personal property confiscated. Bribery proceeds and their yields were also seized and turned over to the state treasury.

TREE NEWS reports: Israeli Prime Minister Benjamin Netanyahu secretly visited the United Arab Emirates on Nov 27. He flew to Abu Dhabi on a private plane belonging to an Israeli businessman, met UAE President Mohamed, and returned to Israel later the same day. Neither the Israeli Prime Minister’s Office nor the UAE Foreign Ministry confirmed the visit.

TREE NEWS reports: China’s Shanghai Composite closed the morning session at 3820.82, down 1.74%. The Shenzhen Component fell 3.37% to 12868.28 and the ChiNext Index dropped 4.32% to 3146.90. The CSI 300 slipped 2.15% to 4343.63, while the STAR 50 lost 4.00% to 1557.07 and the CSI 500 fell 3.09% to 7388.57.

TREE NEWS reports: China’s A-shares fell sharply in morning trade on September 28, with the ChiNext Index down 4.32% at the midday break, the Shanghai Composite off 1.74% and the Shenzhen Component down 3.37%. More than 4,800 stocks declined across the Shanghai, Shenzhen and Beijing markets, against 643 gainers, while half-day turnover reached 1.17 trillion yuan. Auto整车 and cybersecurity names rose, led by JAC Motors and Zhongxin Saike limit-ups, while computing hardware, precious metals, semiconductors and consumer electronics led losses.

TREE NEWS reports: The one-month Hong Kong Interbank Offered Rate climbed to its highest level since December, signaling tightening liquidity in the city’s money markets. The move lifts short-term funding costs tied to the Hong Kong dollar, with the rate serving as a benchmark for mortgages and corporate borrowing.

TREE NEWS update: Xinjiang issued a 5-year general local government bond of 1.517 billion yuan at a 1.4600% coupon, with a marginal bid-to-cover of 3.98 times against an expected 1.46. It also sold 10-, 15- and 20-year special-purpose local bonds totaling 629 million yuan, at coupons of 1.7300%, 2.0300% and 2.2000% respectively.

TREE NEWS update: China and the United States reached consensus on a reciprocal tariff reduction framework covering roughly $30 billion of each side’s imports, based on 2024 bilateral trade volumes, China’s Ministry of Commerce said. More than 90% of the products involved will have all mutually imposed tariffs removed and receive most-favored-nation treatment, subject to each side’s domestic laws and procedures.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.3610%, down 0.30 basis points. The 7-day SHIBOR fell 1.07 basis points to 1.3893%, while the 3-month rate was unchanged at 1.4300%. The moves reflect short-term liquidity conditions in China’s interbank market.

TREE NEWS reports: The MMLC battery-grade lithium carbonate early-session midpoint price stood at 122,900 yuan per tonne, down 5,000 yuan from the previous day’s 16:30 level. The move marks a decline in the benchmark price for the key battery material used in electric-vehicle cells.

TREE NEWS reports: At the morning session close, the Nikkei 225 was down 0.05%, while the broader Topix index rose 0.2%. The split finish left Japan’s blue-chip gauge marginally lower against a firmer wider market.

TREE NEWS update: China’s northernmost high-speed railway, the Harbin-Yichun line, opened to traffic on the 28th. The route is the highest-latitude high-speed rail in the country.

TREE NEWS reports: Chinese auto-vehicle stocks extended gains on the A-share market, with JAC Motor (江淮汽车) hitting the daily limit up and Zotye Auto (众泰汽车) sealing its limit earlier. Ankai Bus (安凯客车), BAIC BluePark (北汽蓝谷) and Dongfeng Motor (东风股份) each climbed more than 6%. The broad rally spanned the auto整车 sector, though no specific catalyst was cited in the market data.