Flash News

TREE NEWS reports: The Bank of Japan is leaning toward raising its benchmark interest rate by 25 basis points this month to address upside inflation risks. Officials will discuss the hike and see inflation risks as tilted to the upside, with rising services prices and a weak yen strengthening the case. A 50bp move is unlikely as the economy is broadly in line with expectations.

TREE NEWS update: A kickoff meeting for the national standard “Intelligent Computing: Supercomputing Internet Platform Application Packaging Requirements” (plan no. 20263483-T-469) was held, clarifying the division of work and timeline for public comment. The standard will cover classification of application packaging types, naming conventions, and testing procedures, marking the first national-level specification for computing network application packaging.

TREE NEWS update: Foreign Ministry spokesman Guo Jiakun said China-Venezuela cooperation is protected by international and domestic law and is not related to, nor should it be interfered with by, third parties. He stressed that China’s legitimate rights and interests in Venezuela must be protected, responding to a question at a regular press conference.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said on Friday that the Xisha Islands are inherent Chinese territory with no dispute, responding to a Vietnamese Foreign Ministry statement claiming sovereignty over the islands. China’s necessary construction on its own territory is within its sovereignty, and Vietnam has no right to comment, he added.

TREE NEWS update: Montage Technology said in an investor relations filing that it began trial production of its CXL 3.2 MXC chip in July, the industry’s first, and has successfully integrated it into Samsung and SK Hynix’s next-generation CXL products. The company expects 2027 to mark the first year of large-scale CXL commercialization. Its PCIe Switch chip is slated to complete engineering sample tape-out within the year.

TREE NEWS update: China’s Ministry of Industry and Information Technology said today (3rd) that power batteries are key to green, low-carbon transition and achieving carbon peaking and neutrality goals. The country has established a globally leading power battery industry system.

TREE NEWS update: ASIC has recorded over 45 digital asset-related license applications as its temporary enforcement relief nears Sept. 30 expiration. The regulator warns unlicensed crypto firms of fines up to 10% of annual turnover, signaling stricter oversight ahead.

TREE NEWS reports: Kazakhstan’s August oil and gas condensate production rose 11% from July. The increase follows a rebound in output from the Caspian Pipeline Consortium’s system after maintenance. No official figures were provided.

TREE NEWS update: Hunan province issued a 5-year special local bond for land reserves on [date], raising 1.458 billion yuan at a coupon rate of 1.46%. The bond saw a marginal multiple of 1.90 times, exceeding the expected 1.46 times, indicating robust investor demand.

TREE NEWS reports: Italy’s services PMI jumped to 55.2 in August from 52.5 in July, indicating accelerated expansion in the sector. The reading, released on Tuesday, marks the strongest growth in recent months, driven by robust business activity and new orders.

TREE NEWS update: Italy’s composite PMI rose to 53.6 in August, up from 52.5 in the previous month, indicating continued expansion in the private sector. The reading, released today, points to sustained growth in both manufacturing and services activity.

TREE NEWS reports: Japan’s 30-year government bond yield dropped 11 basis points to 4.055% on Tuesday, reflecting a sharp move in long-dated JGBs. The decline suggests renewed demand for safe-haven assets amid market volatility. Investors are closely watching the Bank of Japan’s policy stance as yields remain elevated.

TREE NEWS reports: China’s passenger car market saw new energy vehicle retail sales in August preliminarily fall 4% year-on-year but rise 12% from July. The data reflects ongoing demand shifts amid market competition.

TREE NEWS reports: Preliminary data show China’s passenger car retail sales totaled 1.626 million units in August, down 19% year-on-year but up 11% from July. Wholesale volumes reached 2.369 million units, down 5% YoY and up 5% month-on-month. Year-to-date retail sales fell 20% to 11.799 million units, while wholesale dropped 5% to 17.179 million.

TREE NEWS reports: The yen trimmed its gains against the dollar after a report suggested the Bank of Japan is leaning toward raising interest rates by 25 basis points. The move reflects market speculation ahead of the central bank’s policy decision, with traders adjusting positions on expectations of a modest tightening.

TREE NEWS update: GitLab (NASDAQ: GTLB) shares surged over 16% in after-hours trading after reporting fiscal Q2 revenue of $286.3 million, up 21.3% year-over-year and beating consensus of $273.1 million. Adjusted EPS of $0.24 topped estimates of $0.18, and the company raised its full-year revenue guidance to $1.131 billion. Record gross bookings and a rebound in net revenue retention to 117% eased fears that AI coding tools would erode demand for DevSecOps platforms.

TREE NEWS update: Japan will convene an extraordinary session of the Diet in early October. The session is expected to address pending legislation and political matters. Specific agenda items and duration have not yet been announced.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said Japan’s latest defense white paper and record-high budget request challenge the outcomes of WWII. Japan’s 2027 draft budget request totals 8.89 trillion yen, a new high, as it seeks ‘enemy base attack capability’. Guo spoke on the 81st anniversary of China’s victory in the War of Resistance.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun urged Japanese leaders to listen to rational domestic voices and create conditions for normal Sino-Japanese exchanges. This follows reports that a Japan-China friendship parliamentary league plans to send a delegation of young lawmakers from ruling and opposition parties this month. Guo welcomed such efforts if they adhere to the four political documents and maintain friendly relations.

TREE NEWS reports: The Bank of Japan is leaning toward raising its benchmark interest rate by 25 basis points this month. Officials will consider lifting the policy rate from 1% at the two-day meeting ending September 18, citing upside inflation risks, rising service prices and a weak yen.