Flash News

TREE NEWS update: South Korea’s presidential office said on Thursday it will work to prevent US semiconductor tariff measures from hurting Korean companies, following comments by US Commerce Secretary Howard Lutnick. A presidential official stated details are not yet finalized, and the government will monitor developments closely and maintain communication with Washington to protect domestic firms.

TREE NEWS update: The World Meteorological Organization confirmed on September 3 that El Nino has formed and will continue to strengthen, expected to develop into a super-strength event. This will significantly impact global precipitation and temperature patterns, with associated extreme weather risks persisting until 2027.

TREE NEWS update: Guangdong’s Department of Natural Resources has published draft measures to accelerate redevelopment of low-efficiency land, including orderly government acquisition and renovation. The plan supports state-owned enterprises to participate in preliminary land preparation via government procurement, and requires ‘clean land’ supply before signing contracts. Compensation standards for village collectives are to be unified by cities and counties.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russia will slightly reduce oil production this year. The statement was made without specifying exact volumes or a timeline. This move aligns with OPEC+ efforts to manage global supply.

TREE NEWS update: China’s Ministry of Industry and Information Technology will further regulate competition in the power battery sector and strengthen industry monitoring and dynamic capacity warnings, Vice Minister Xiong Jijun said at the 2026 World Power Battery Conference on September 3. The ministry will accelerate standards for safety, cycle life, carbon footprint, and recycling, aligning with international norms.

TREE NEWS reports: Taiwan’s benchmark TAIEX index fell 0.7% to close at 45,857.66 points on [date]. The decline reflects continued market volatility amid global economic uncertainties.

TREE NEWS update: Anthropic has upgraded the computer-control features of Claude Cowork and Claude Code, allowing the AI to operate a user’s Mac in the background. On macOS 15 and later, Claude can perform clicks, typing, and navigation via screen interaction while the user handles other tasks, with an option for full control in settings. The feature serves both Cowork (knowledge work) and Code (development) and is currently limited to Pro and Max individual subscribers.

TREE NEWS reports: Fuel oil continuous main contract dropped 3% intraday, now trading at 3,820 yuan per ton. The decline reflects renewed selling pressure in the energy complex.

TREE NEWS update: Hyperscale Data has closed its Michigan bitcoin mining operations to convert the site into an AI data center, with all miners powered down and equipment slated for sale. The company said a client has signed a 20 MW AI compute contract for 10 years (with two 5-year renewal options), expected to generate over $1.2 billion in revenue over 20 years, and an additional 32 MW option could push potential revenue above $3 billion. To fund the transition, Hyperscale sold bitcoin, cutting its holdings from about 1,006 BTC at end-July to 215 BTC (down ~79%), ranking 84th among public companies. Shares fell about 17% Wednesday to $0.1984, a post-split record low.

TREE NEWS update: At the 2026 World Power Battery Conference in Yibin on September 3, Chery Holding Chairman Yin Tongyue said that going global is not about ‘harvesting’ but ‘deep cultivation,’ aiming to become a participant and contributor to local economies. He emphasized that achieving ‘electric drive for all’ requires global cooperation, not just OEMs and battery makers working alone.

TREE NEWS reports: Brent crude oil dropped 1.0% on the day to $94.67 per barrel, extending recent declines amid ongoing market volatility. The move reflects shifting supply-demand dynamics and broader macroeconomic concerns.

TREE NEWS update: Ledger is facing a class action lawsuit over its December 2023 data breach, filed today. Plaintiffs allege the company downplayed the severity and failed to disclose the incident timely, exposing customer names, emails, and phone numbers that ended up on the dark web. The suit cites a 2020 breach of 270,000 customers, calling the pattern ‘egregious’ and accusing Ledger of negligent and reckless security practices.

TREE NEWS reports: China’s major stock indexes turned lower in afternoon trading, with the STAR 50 index extending losses to 1%. Over 3,900 stocks fell across Shanghai, Shenzhen, and Beijing exchanges. In Hong Kong, the Hang Seng Tech Index dropped over 1%.

TREE NEWS reports: As of now, southbound capital under the Stock Connect has recorded net buying of HK$5 billion. The inflow reflects continued demand from mainland investors for Hong Kong-listed equities.

TREE NEWS reports: China’s major A-share indices turned lower in afternoon trading, with the STAR 50 index extending losses to 1%. Over 3,800 stocks declined across the market, reflecting broad weakness.

TREE NEWS update: Russia’s September 1 law on digital currencies only partially took effect, covering cross-border transfers, while domestic crypto trading remains on hold pending key regulations. The central bank said all necessary documents should be ready by early December. Market participants note infrastructure is largely prepared, with Sberbank planning to complete its digital custodian by December 1 and Finam expecting to offer services in early 2027. Central bank governor Nabiullina said transfers abroad are unrestricted but warned investors that foreign operations lack Russian legal protection.

TREE NEWS reports: South Korea’s KOSPI index fell 1% on Thursday, reversing an earlier gain of 1.8%, as SK Hynix dropped over 2% and Samsung Electronics fell over 1%. The decline came amid broad market weakness in tech stocks.

TREE NEWS reports: On Sept 2, memecoin JINQIAN surged to an $80 million market cap within an hour on Robinhood Chain, then plunged to $10 million the next hour, now near $3 million. The token paired with FAMI, a non-official token tied to Nasdaq-listed Farmmi, which rose 300% intraday. The scheme’s promoter Rune later claimed his stock purchase post was AI-generated. Analysts say the short-squeeze narrative was flawed as no real stock buying occurred.

TREE NEWS reports: A-share gold stocks rebounded on Friday, with Baiyin Youse hitting the daily limit up. Hunan Gold, Huayu Mining, Hunan Silver, Zhongjin Gold, Chifeng Gold, and Western Gold also posted strong gains, leading the sector higher.

TREE NEWS update: US Attorney General Todd Blanche said on X that cybercriminals launched password reset attacks against hundreds of thousands of X users this week. X successfully blocked the attacks to prevent account hijacking, and the DOJ is working closely with X to track down the attackers.