Flash News

TREE NEWS update: China’s National Development and Reform Commission said domestic gasoline and diesel (standard grade) prices will rise by 395 yuan and 385 yuan per tonne respectively from 24:00 on September 24. Under the current pricing mechanism the increases would have been 830 yuan and 800 yuan per tonne, but the NDRC said the adjustments were capped at the lower, regulated levels.

TREE NEWS reports: Crude oil’s main futures contract in China closed up nearly 7%, with fuel oil gaining 6%. BR rubber, asphalt and LU fuel oil rose more than 5%, while pure benzene, LPG, No. 20 rubber and styrene each climbed over 4%. On the downside, lithium carbonate fell more than 4%, platinum and Shanghai silver dropped over 3%, and red dates, palladium and hogs declined more than 2%.

TREE NEWS update: US-China Business Council chairman Tan Sen said in an interview that meetings between US and Chinese leaders have consistently produced positive results and injected momentum into bilateral ties. At this historical stage, communication between the two leaders is irreplaceable, he said, expressing hope the relationship continues along a constructive and strategically stable track under leader-level diplomatic guidance.

TREE NEWS update: Chinese Premier Li Qiang attended the launch ceremony of the 5th Global Digital Trade Expo in Hangzhou on the morning of September 24 and delivered a speech. Li said he would share some thoughts on where global trade is heading amid the digital wave, how the international community should adapt, and what role China can play.

TREE NEWS reports: The US dollar reversed earlier losses against the Japanese yen and rose 0.1% to 158.49. The move marks a turn in the pair’s intraday direction, with the dollar recovering to trade higher on the session.

TREE NEWS update: BMW (China) Auto Trading Co., Ltd. has filed a recall plan with China’s State Administration for Market Regulation for some imported vehicles, the company said. The filing was made under the Defective Auto Product Recall Administration Regulations and their implementing rules. The notice did not specify the number of vehicles affected, the models involved or the defect at issue.

TREE NEWS update: Jaguar Land Rover (Ningbo) Trading Co. filed a recall plan with China’s State Administration for Market Regulation, effective immediately, covering three imported 2022-model Land Rover Defender plug-in hybrid vehicles built between May 25 and July 1, 2021. The recall is numbered S2026M0120V and was filed under China’s defective auto product recall regulations.

TREE NEWS reports: France’s INSEE manufacturing confidence index came in at 101 for September, below the 102 expected by economists and down from 103 in the previous reading. The print marks a decline in sentiment among French manufacturers from the prior month.

TREE NEWS reports: France’s September consumer confidence index came in at 86, above the 85 expected and unchanged from the prior reading of 86. The reading shows household sentiment holding steady at the same level as August, with no deterioration from the previous month.

TREE NEWS update: Xiamen held its first land auction since the “8·28” property policy, selling two residential plots at reserve prices for a combined 4.195 billion yuan. C&D Real Estate won the Huli district plot for 3.561 billion yuan, a site that must be sold as completed housing with a floor price of 58,148 yuan per square meter. A Xiamen ITG and Xiamen Municipal Development consortium took the Xiang’an plot for 634 million yuan.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.8% higher at 65,513.99, while the broader Topix index finished down 0.4% at 4,075.30. The two benchmarks moved in opposite directions, with the blue-chip Nikkei extending gains as the wider market softened.

TREE NEWS update: China’s State Post Bureau issued a notice deploying safety and service-assurance work for the 2026 Mid-Autumn and National Day holiday period, saying parcel demand will be strong as people, goods and vehicles concentrate during the break. It told postal regulators and companies to learn from recent major national production-safety accidents and to enforce regulatory and corporate responsibilities, with early detection, warning and handling of risks.

TREE NEWS update: A batch of Weiwei’s sugar-free black sesame paste produced by wholly owned subsidiary Weiwei Huashan Walnut Industry was ruled substandard after Shanghai market regulators found mold levels up to 2,800 CFU/g, 27 times the national limit. The 320g-per-bag batch was produced on Aug 13, 2025. On Sept 24, Weiwei’s flagship store customer service said the batch was recalled and disposed of immediately and is no longer on sale, with all products currently sold undergoing strict testing.

TREE NEWS update: A residential plot in Zhenhai District, Ningbo, sold for 168 million yuan at a 3.71% premium after seven bids. The site covers 10,560 square meters with 19,008 square meters of planned floor area and a floor area ratio of 1.8. The starting price was 162 million yuan, or 8,503 yuan per square meter of floor area; the winning floor price was 8,819 yuan per square meter. Kaitou Lancheng was the buyer.

TREE NEWS update: China’s permanent representative to the United Nations, Fu Cong, told a Security Council open debate on “Artificial Intelligence and International Security” on the 23rd that the international community should strengthen unity and cooperation, balance development and security, and steer AI toward the good and the benefit of humanity. He said this would support world peace, stability and prosperity.

TREE NEWS reports: Mercedes-Benz plans to cut a total of €800 million in labor costs in Germany, the company has reportedly decided. The automaker’s cost-reduction target covers its German workforce. Further details of the plan, including timing and the number of jobs affected, were not immediately disclosed.

TREE NEWS reports: US equity index futures extended losses, with Nasdaq 100 futures down 0.6% intraday and S&P 500 futures down 0.4%. The declines marked a continued slide in futures trading, pointing to a weaker open for Wall Street.

TREE NEWS reports: H&M reported third-quarter operating profit of SEK 6.04 billion, ahead of the SEK 5.27 billion expected. Pre-tax profit came in at SEK 5.46 billion against a SEK 4.8 billion forecast, while net profit was SEK 4.12 billion. Sales for the quarter were SEK 57.19 billion, slightly below the SEK 57.25 billion expected.

TREE NEWS update: Thailand’s Board of Investment said it aims to draw $80 billion in semiconductor investment by 2050, a push it says would create 230,000 jobs through semiconductor investment. The board framed the target as a long-term industrial goal running to mid-century.

TREE NEWS reports: Citi expects the Federal Reserve to leave interest rates unchanged in October, waiting for more data to assess the impact of a 25-basis-point hike, and to hold again in December as a run of milder inflation readings shows price growth slowing. With inflation continuing to cool, Citi forecasts the Fed will resume rate cuts in June 2027.