Flash News

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.09% lower at 25,064.84 points, while the Hang Seng Tech Index edged up 0.01%. Zhipu, Li Auto and Baidu each gained more than 1% in early trade.

TREE NEWS update: The People’s Bank of China conducted an 8 billion yuan 7-day reverse repo operation on Thursday at an interest rate of 1.40%, unchanged from the previous operation. The move comes as 110 billion yuan of reverse repos matured the same day, resulting in a net withdrawal of 102 billion yuan from the banking system.

TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate against the US dollar at 6.7468, 9 pips weaker than the previous day’s 6.7459. The onshore spot closed the prior session at 6.7019, while the overnight session ended at 6.7005.

TREE NEWS reports: Taiwan’s benchmark TAIEX weighted stock index opened 0.2% higher at 47,894.77 points. The index’s opening level was reported at 47,894.77.

TREE NEWS reports: China’s commodity futures opened mixed on the latest session, with the container shipping Europe-route main contract up more than 2%. Platinum, Shanghai silver, Shanghai nickel, lithium carbonate and aluminum alloy each gained over 1%. Crude oil and ethylene glycol fell more than 3%, while staple fiber, PET bottle chip and liquefied petroleum gas dropped over 2%.

TREE NEWS reports: FTSE China A50 index futures opened 0.31% higher, extending the previous session’s night-session gain of 0.33%. The move reflects early positioning in the benchmark tracking the largest 50 A-share companies listed in Shanghai and Shenzhen.

TREE NEWS update: Voyah Automobile Chief Brand Officer Shao Mingfeng said late on September 22 that the best cooperation model with Huawei is a strong alliance, citing Huawei’s Qiankun assisted-driving system paired with Voyah’s manufacturing technology as an example. He added that the two sides can work well together because they seek harmony while preserving differences.

TREE NEWS update: Iranian President Masoud Pezeshkian is expected to address the UN General Assembly’s general debate on September 23. Speaking before his departure on September 22, Pezeshkian said the session would be a platform to present Iran’s position and the realities of the Middle East, and that he would “firmly defend” Iran’s stance. His remarks will call for world peace, tranquility and respect for national sovereignty.

TREE NEWS update: European Central Bank Governing Council member and Bundesbank President Joachim Nagel said interest rates may need to rise to a level that somewhat restrains economic growth if energy prices stay elevated. Speaking in London on Tuesday evening, Nagel said a mildly restrictive monetary policy stance cannot be ruled out if high energy prices persist, though it is still too early to judge whether that will be necessary.

TREE NEWS update: US Secretary of State Marco Rubio will meet Russian Foreign Minister Sergey Lavrov in New York at 9 a.m. Eastern Time on Wednesday, the two sides confirmed. The meeting is set to take place in New York, where both diplomats are in town for the United Nations General Assembly.

TREE NEWS reports: RBC BlueBay Asset Management fixed income CIO Mark Dowding said Tuesday the worst of the global bond selloff may be over following a wave of central bank rate hikes, adding he is optimistic on short-dated bonds for the first time this year. Dowding said the Federal Reserve’s rate increase last week bolstered confidence in the Fed’s ability to contain inflation. BlueBay manages nearly $600 billion in assets.

TREE NEWS reports: The Asian Development Bank raised its 2026 growth forecast for developing Asia-Pacific economies to 5.0% from 4.9%, while cutting its inflation outlook. The bank said strong investment, government stimulus measures and AI-related exports are offsetting the impact of higher energy prices and geopolitical tensions.

TREE NEWS reports: South Korea’s benchmark KOSPI index opened 1.9% higher, while Japanese stock markets remain closed for a second consecutive session. The gain marks a firm start for Seoul equities even as trading stays suspended in Tokyo.

TREE NEWS update: China is set to issue or is currently issuing local government bonds. The offering covers upcoming and ongoing provincial and municipal debt sales. No further details on size, pricing or timing were provided.

TREE NEWS reports: Global MLCC leaders have been raising product quotes, driven by strong demand for high-capacity models from the computing supply chain, with AI servers and high-speed optical modules lifting MLCC usage exponentially. Since the second half, margin traders have added several MLCC concept stocks; as of Sept. 21, Sidike, Fenghua Advanced Technology, Shuangxing New Material and Yunjia Technology each saw net margin buying above 50 million yuan, at 1.082 billion, 370 million, 81.68 million and 74.44 million yuan respectively.

TREE NEWS update: US presidential special envoy Steve Witkoff said he held a long meeting with an Iranian delegation through mediators, who will continue their work. Witkoff said he hopes the talks produce constructive results. No further details on the timing, location or participants were given.

TREE NEWS reports: The Nasdaq rose for a fourth straight session to a record high as AI-themed trades reignited, while crude futures fell for a fifth day and London copper neared an all-time high. At Alibaba’s Yunqi conference, the company said it aims to operate more than 20GW of global data-center capacity by 2032 and unveiled its most powerful domestic AI chip, the Zhenwu V900.

TREE NEWS reports: Southbound capital has continued to flow into Hong Kong stocks, deepening the market’s structural divergence as mainland inflows offset active foreign outflows, with allocation splitting further between tech and high-dividend sectors. Analysts recommend a balanced strategy of dividend names as a defensive base paired with innovative drugmakers as the offensive position, balancing portfolio stability with upside flexibility.

TREE NEWS reports: Analysts recommend holding A-share positions through the upcoming “double holiday” period, though they advise keeping position sizes in check, as downside risk is seen as limited and the risk of exiting and missing a rally outweighs the risk of staying in. The market is expected to remain in a choppy bottoming phase in the near term, with a rebound likely in the fourth quarter.

TREE NEWS reports: Several Chinese public mutual fund managers, including CCB Principal, Paragon and China Universal, have held autumn strategy meetings and mid-year client briefings covering equity trends, technology and fixed income. Some institutional figures suggested that for Q4 2026 asset allocation investors could add gold and resource plays to hedge geopolitical risk, position in technology and high-end manufacturing for valuation repair, while watching for contagion from a possible collapse in US Treasury market liquidity.