Flash News

TREE NEWS reports: European Central Bank Governing Council member Kocher said the ECB must prevent inflation from running too high and becoming entrenched, adding that the euro economy has performed more strongly than expected and that growth momentum in the euro area has strengthened since the summer. He also said the ECB assesses interest rates at every meeting.

TREE NEWS reports: Goldman Sachs Asset Management said in a report it still does not expect the Federal Reserve to enter a sustained rate-hike cycle, arguing tariff- and energy-related price pressures may fade, the economy shows few signs of overheating and inflation expectations remain anchored. The Fed’s dot plot last week indicated one more hike this year. LSEG data shows money markets price a cumulative 37 basis points of hikes across the Fed’s two remaining meetings this year.

TREE NEWS update: China’s State Council Information Office will hold a press conference at 10 a.m. on Tuesday, September 29, 2026, on accelerating agricultural and rural modernization and advancing rural revitalization during the 15th Five-Year Plan period. Agriculture and Rural Affairs Minister Zhang Zhu will introduce the plans and take questions from reporters.

TREE NEWS update: China’s permanent representative to the United Nations, Fu Cong, told a UN Security Council open debate on “Artificial Intelligence and International Security” on September 23 that the international community should strengthen solidarity and cooperation on AI, stressing that development and security must go hand in hand. Fu said efforts to build exclusive blocs in the technology field and force countries to pick sides amount to politicizing and weaponizing technological issues.

TREE NEWS update: India’s Ministry of External Affairs condemned an attack on a merchant ship off Oman’s east coast on 23 October, saying 20 Indian sailors were aboard. Nineteen were rescued and one died, the ministry said in a statement. India’s embassy in Oman is monitoring the situation and coordinating with the Omani government to bring the sailors home.

TREE NEWS reports: Hong Kong’s Hang Seng Index fell 0.5% and the Hang Seng Tech Index dropped 1.1% in morning trading, with chipmaker Iluvatar CoreX down 7% and Zhipu AI down more than 4%. Japan’s 10-year government bond yield jumped 10 basis points, reaching its highest level since 1996, as yields rose across the curve.

TREE NEWS update: A packed economic calendar on Thursday includes the Swiss National Bank’s policy rate decision at 15:30 Beijing time, Germany’s September IFO business climate index and the Norges Bank rate decision at 16:00, and US initial jobless claims for the week ended September 19 at 20:30. Central bank speakers scheduled include ECB’s Isabel Schnabel and Philip Lane, the New York Fed’s John Williams, the Richmond Fed’s Thomas Barkin, the Cleveland Fed’s Beth Hammack and the Philadelphia Fed’s Anna Paulson.

TREE NEWS update: Morocco’s Authenticity and Modernity Party (PAM) won the most seats in the country’s parliamentary elections, according to preliminary vote counts released by the Interior Ministry on the 24th. The National Rally of Independents and the Istiqlal Party finished behind it. The results were announced by the Interior Ministry.

TREE NEWS update: India’s National Stock Exchange rose 1% in pre-market trading ahead of a $2.4 billion IPO in India. The listing marks one of the country’s largest equity offerings.

TREE NEWS update: China Development Bank said its new policy-based financing tool has deployed 60.85 billion yuan since September, backing 153 projects with total investment of 1.4 trillion yuan. All funds were used to supplement capital for private investment projects and projects involving private capital, the bank said.

TREE NEWS reports: Japan’s government bond yields rose across all tenors, led by the 5-year and 10-year. The 10-year yield climbed 8 basis points to 3.055%, while the 5-year rose 8 bps to 2.355%. The 20-year added 8 bps to 3.9% and the 30-year gained 6 bps to 4.13%, with the 2-year up 5 bps at 1.89%.

TREE NEWS reports: Bitcoin climbed to an intraday high of $86,349.90 on September 22, its highest level since late January, and was trading at $86,039.36 by early US hours after gaining more than 8% over the past week and about 34% over three months. Bitwise’s chief investment officer said on air that he believes the crypto winter has ended. The rally leaves bitcoin roughly 30% below its October 2025 record near $126,000.

TREE NEWS update: China’s first offshore wind project to deploy 18 MW turbines at scale reached full-capacity operation on Sept. 24. The CGN Guangdong Yangjiang Fanshi 2 GW project comprises two million-kilowatt-class sub-projects, including 33 of the 18 MW turbines, the largest single-unit model in domestic batch deployment. Their 292-metre rotors sweep about 66,000 square metres, and scale deployment cuts the number of turbine positions, subsea cable laying, foundation work and sea-area costs.

TREE NEWS reports: The Shanghai Composite closed the morning session at 3900.00, down 0.93%, while the Shenzhen Component fell 1.74% to 13399.34. The ChiNext Index dropped 1.84% to 3317.33, the CSI 300 slipped 1.29% to 4459.15, the STAR 50 lost 1.53% to 1635.45, the CSI 500 fell 1.63% to 7665.08 and the CSI 1000 declined 1.73% to 7611.36.

TREE NEWS reports: China’s three major A-share indices closed the morning session lower on September 24, with the ChiNext Index down 1.84% and the Shanghai Composite off 0.93%. More than 4,300 stocks fell across the Shanghai, Shenzhen and Beijing exchanges, against 1,034 gainers, with 39 limit-up and 4 limit-down. First-half turnover reached 1.08 trillion yuan. Wind power equipment, textile manufacturing, education and banks led gains; precious metals, liquor, real estate and PCB lagged.

TREE NEWS update: Suzhou Housing Provident Fund Management Center issued a notice on September 24 allowing depositors to withdraw from their housing provident fund to renovate self-occupied homes within the city. Applicants and their spouses must have no outstanding provident fund loan balance nationwide. Total withdrawals per property are capped at the renovation VAT invoice amount and at 150,000 yuan, with at least one month’s contribution retained in each account.

TREE NEWS reports: China’s ChiNext Index dropped more than 2% and the Shanghai Composite fell over 1%, while the Shenzhen Component slid 1.87%, with precious metals, baijiu, real estate and PCB shares leading the declines. More than 4,400 stocks fell across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS reports: The Hong Kong 3-month HIBOR rose to its highest level since November. The interbank rate, a key benchmark for Hong Kong dollar borrowing costs, climbed to that peak. No further figures were immediately available.

TREE NEWS update: China’s Ministry of Culture and Tourism will continue a nationwide special rectification campaign targeting the tourism market, cracking down on forced shopping and illegal online solicitation, according to a statement at a State Council Information Office press conference on September 24. National tourism complaints have fallen 39.24% year-on-year so far this year.

TREE NEWS reports: China’s National Energy Administration said the country’s cumulative installed power generation capacity reached 4.103 billion kilowatts as of the end of August, up 11.1% year on year. The figures were released in the agency’s latest national power industry data.