Flash News

TREE NEWS update: Shanghai Arrowhead Aerospace Technology Co. has officially established its headquarters in Qingpu District, Shanghai, setting up at West Hongqiao, the district’s media center said on Oct. 27. The company, a prominent Chinese commercial rocket developer focused on stainless-steel, liquid-oxygen-methane reusable rockets, adds a key player to the region’s aerospace economy.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.23% higher and the Hang Seng Tech Index rose 1.4%. Among individual movers, Manycore Tech jumped about 21%, Hengrui Pharmaceuticals gained about 11%, AAC Technologies added about 10%, Cambridge Technology and WeRide each rose about 9%, and Zhongji Innolight and Hua Hong Semiconductor each climbed about 8%.

TREE NEWS reports: Israel’s TA-35 stock index fell 1.5%, the index’s decline reflecting a move lower in Israeli equities. No further details on the drivers or the closing level were provided.

TREE NEWS update: France’s Senate on Thursday passed a bill requiring violent rioters to bear financial responsibility for damage caused during street demonstrations, with compensation capped at €10,000. Government officials said recent protests accompanied by serious unrest underscored the urgency of the legislation, while opponents warned it could infringe on citizens’ fundamental rights.

TREE NEWS reports: The Yellow River Basin recorded 29.95 trillion yuan in foreign trade from 2021 to 2025. In the first three quarters of this year, trade in the basin exceeded 5 trillion yuan, reaching 5.58 trillion yuan, up 17.5% year on year. The figures follow the 2021 outline for ecological protection and high-quality development of the basin.

TREE NEWS reports: European equities opened mixed on the day, with the Euro Stoxx 50 up 0.2% and France’s CAC 40 gaining 0.3%. Germany’s DAX slipped 0.2% and the UK’s FTSE 100 fell 0.3% at the open. The four benchmarks moved in opposite directions at the start of trading.

TREE NEWS update: A ceasefire under the humanitarian operation framework in Oleshky, Kherson region, has held for 30 hours with no exchanges of fire, Ukraine’s Verkhovna Rada Human Rights Commissioner Dmytro Lubinets said on the 28th. The official reported the truce status for the area on that date.

TREE NEWS update: The Bank of Thailand said interest rates can be raised gradually if the economy is strong enough, in a statement on its policy stance. The central bank signaled that further tightening would depend on economic conditions. No specific rate level or timeline was given.

TREE NEWS update: Russian President Vladimir Putin said on Oct. 27 at the Gas Exporting Countries Forum summit in Moscow that any attempt to exclude Russia from the global gas market would have serious consequences and raise costs for gas consumers in other countries. He warned European nations with a Russian proverb: “Don’t dig a pit for someone else, or you’ll fall into it yourself.” Putin also said escalating Middle East tensions and damaged supply routes heighten the risk of long-term imbalance in the global gas market.

TREE NEWS update: Shandong province issued a 10-year general local government bond totaling 205.44 million yuan at a coupon rate of 1.6600%. The bid-to-cover marginal ratio came in at 3.24 times against an expected ratio of 1.64, indicating demand ran well above the level anticipated by the market.

TREE NEWS update: Shandong province issued special local government bonds across seven maturities, including 16.387 billion yuan of 30-year notes at a 2.18% coupon with a marginal bid-to-cover ratio of 91.16 times, against an expected 2.18 times. The 15-year tranche totaled 8.999 billion yuan at 1.94%, and the two 10-year tranches raised 1.48 billion and 283 million yuan at 1.64% and 1.67% respectively.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said Beijing advocates open cooperation and is committed to keeping global industrial and supply chains stable and secure, responding to German Chancellor Merz’s China-related remarks at a regular press briefing. Guo said China-Germany and China-EU economies are complementary and their industries interlinked, with pragmatic cooperation delivering mutual benefit. He urged Germany and the EU to remain objective and rational, move toward China, resolve differences through dialogue and consultation, and act as reliable, predictable partners.

TREE NEWS reports: UBS Group reported third-quarter net profit of $2.69 billion for the three months to end-September, slightly below expectations, after a volatile quarter. Client inflows at its wealth management unit reached $55.1 billion, beating forecasts, driven mainly by Asia-Pacific and the Americas. The Zurich-based bank gave investors few clues on the size of its next share buyback program.

TREE NEWS update: Thailand’s central bank kept its policy rate unchanged at 1%, saying the current level is appropriate to support economic recovery. The rate committee said an accommodative monetary stance plus targeted financial measures would help growth that remains uneven, and flagged rising inflation risks from oil prices and El Niño. It also said it will monitor the long-term macro-financial stability impact of low rates.

TREE NEWS update: China’s Ministry of Commerce convened a national video and telephone conference on October 28 to advance the trade-in program for consumer goods, reviewing progress and outlining next steps. Assistant Minister Yuan Xiaoming attended and delivered remarks, while commerce authorities from Hebei and Zhejiang shared their experiences.

TREE NEWS update: Yemen’s Houthi group said on 27 March it attacked multiple targets in Saudi Arabia, including the Saudi Ministry of Defense and Abha International Airport in the southwest, using ballistic missiles and drones. Chinese Foreign Ministry spokesperson Guo Jiakun said on 28 March at a regular press briefing that China is deeply concerned about the continued regional tensions, opposes attacks on civilian targets such as civil aviation airports, and calls on relevant parties to resolve disputes through dialogue and negotiation to restore peace and stability in the Middle East as soon as possible.

TREE NEWS reports: JPMorgan Private Bank’s Asia head of rates and FX strategy, Tang Yuxuan, said gold still faces downside risk after the latest selloff because liquidity remains thin and rates have room to rise. She said gold will form a solid floor once rates peak. The bank expects the Federal Reserve to hike in December and again in Q1 2027, pushing the 10-year Treasury yield from just above 5% to a peak of 5.25%-5.5% by mid-2027.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said Ukraine will not attack Russian vessels transporting diesel to the United States. The statement rules out strikes on tankers carrying fuel cargoes bound for the US, a category of target Kyiv has previously not excluded. No further details or conditions were provided.

TREE NEWS reports: China’s treasury futures closed marginally higher on the day, with the 30-year main contract up 0.04%. The 10-year contract gained 0.03%, the 5-year rose 0.02% and the 2-year added 0.01%.

TREE NEWS update: Beijing’s municipal government issued its 15th Five-Year Plan for a new energy system, targeting perovskite solar cell and high-efficiency PV module R&D and equipment manufacturing, and the promotion of building-integrated photovoltaics. The plan also calls for advancing solid-state and flow battery technology and sets a new-type energy storage installed capacity target of 600,000 kilowatts.