Flash News

TREE NEWS update: The European Union’s gas coordination group will convene again on October 8. The meeting follows the group’s previous session, though no agenda or expected outcomes were disclosed. The coordination group brings together EU member states to coordinate gas supply and demand measures.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said the United States has proposed holding a “technical meeting” involving Ukraine and Russia. Washington also proposed the United Arab Emirates as the venue for trilateral talks between the US, Ukraine and Russia, Zelensky said.

TREE NEWS reports: China’s Ministry of Transport reported 228.509 million cross-region passenger trips on September 24, the day before the Mid-Autumn Festival holiday, up 37.2% from the previous day and 17.1% from the same period in 2024. Rail passenger volume reached 17.139 million trips, up 49.4% day on day and 30.7% year on year.

TREE NEWS reports: Hong Kong stocks closed lower, with the Hang Seng Index falling 1.01% and the Hang Seng Tech Index dropping 1.13%. NetEase declined more than 3%, Xiaomi Group fell over 2%, and Alibaba slipped more than 1%.

TREE NEWS reports: The London Metal Exchange reported mixed inventory movements across its metals. Copper stocks rose 325 tonnes and nickel stocks jumped 6,048 tonnes, while zinc fell 1,600 tonnes and lead dropped 1,550 tonnes. Aluminium and tin inventories were unchanged.

TREE NEWS reports: Eurozone M3 money supply grew 3.5% year-on-year in August, matching the 3.5% consensus estimate and up from 3.4% in July. The broad money aggregate, published by the European Central Bank, is a key gauge of liquidity and inflation pressure in the currency bloc.

TREE NEWS reports: The yen headed for its largest one-day gain in more than two weeks after Japanese Finance Minister Satsuki Katayama commented on the currency, keeping traders alert to intervention risk. The yen rose as much as 0.6% to 157.95 per dollar on Friday, the best performer among G10 currencies. Katayama said US President Donald Trump expressed concern about the yen’s weakness during his meeting with Japanese Prime Minister Sanae Takaichi in New York earlier this week.

TREE NEWS update: Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh said at a press conference in Cairo on the 24th that Egypt welcomes Chinese companies to invest in the country, with both sides expected to expand cooperation in desalination, artificial intelligence and digital services. Saleh praised Chinese firms’ performance in Egypt, saying they have entered industries the country had not previously covered and contributed to its industrial development.

TREE NEWS update: Chinese solar and storage leader Sungrow Power Supply has established a standalone residential energy storage business unit, with Senior Vice President and Global Marketing President of its PV & Storage Group Wu Jiamao named to head it. To avoid competition between business segments, subsidiary Sungrow Renewables’ overseas residential storage plant business has been suspended.

TREE NEWS update: Turkey’s Armed Forces Chief of General Staff Selçuk Bayraktaroğlu will travel to Saudi Arabia for an emergency meeting with his Saudi and Pakistani counterparts under the Mecca Joint Defense Agreement, Turkey’s Defense Ministry said on September 25. Saudi Arabia’s Foreign Ministry had earlier confirmed the trilateral meeting, which is expected to discuss support for Saudi Arabia under the pact in the face of attacks by Yemen’s Houthi forces.

TREE NEWS reports: Spain’s second-quarter GDP grew 2.6% year on year, coming in below the 2.7% market estimate. The reading marks a slight undershoot of expectations for the eurozone’s fourth-largest economy. No further breakdown of the quarter’s growth drivers was provided.

TREE NEWS reports: European equities opened higher on Tuesday, with Germany’s DAX30 up 0.8% and France’s CAC40 up 0.7%. The pan-European Euro Stoxx 50 rose nearly 0.9% in early trade.

TREE NEWS update: Chinese companies will build a 1-gigawatt wind farm in Kazakhstan and invest $1.5 billion in the country’s aluminum and power plant projects, including a 300,000-tonne-per-year electrolytic aluminum smelter. The plans cover both renewable generation and metals capacity in the Central Asian nation.

TREE NEWS reports: A study released by Allianz on August 24 estimates that this summer’s heatwaves will cost Germany about €25 billion in economic losses. Prolonged breaks and higher absenteeism caused by high temperatures, with air conditioning and other cooling equipment scarce, cut productivity and shaved roughly 0.54 percentage points off German economic growth this year — about 0.53% of annual GDP.

TREE NEWS reports: Japan’s Nikkei 225 closed 1.3% higher at 66,364.20 on Thursday. The benchmark index ended the session in positive territory.

TREE NEWS reports: The Japanese yen strengthened more than 20 pips against the US dollar in short order, extending its intraday gain to 0.5%. The move marks a firmer session for the currency, though no catalyst for the advance was specified.

TREE NEWS reports: International oil prices deepened their decline, with Brent crude falling 2% and WTI dropping more than 2%. The widening losses mark a sharper pullback in crude benchmarks.

TREE NEWS reports: The Hang Seng Tech Index narrowed its decline to 1.5%, recovering from an earlier drop of as much as 2.6%. The index had been down 2.6% before the losses were trimmed.

TREE NEWS update: China Railway said the Harbin-Yichun high-speed railway will begin operations on September 28, cutting the fastest travel time between the two northeastern cities to 1 hour 46 minutes. The railway operator will apply a flexible, differentiated market-based pricing mechanism on the line to meet varying passenger travel needs and offer more choices.