Flash News

TREE NEWS reports: The Shanghai Composite Index climbed 1% in late-afternoon trading. The move marks a late-session gain for the benchmark index tracking stocks listed on the Shanghai Stock Exchange.

TREE NEWS reports: The MSCI Asia-Pacific Index rose 1% on Friday to 278.77 points. The broad regional gauge advanced as equities across the Asia-Pacific region moved higher. No further details were immediately available.

TREE NEWS update: A residential plot in Ningbo’s Haishu District sold for 353 million yuan at the reserve price. The site covers 25,072 square meters (37.61 mu) with a planned gross floor area of 40,115.2 square meters and a floor area ratio of 1.6. The starting price was 353 million yuan, or 8,796 yuan per square meter of floor area, and a consortium of Xiamen Jianfa and Huicheng Century won the bid at that level.

TREE NEWS update: The Sichuan Provincial People’s Government approved in principle the province’s 15th Five-Year Plan for sports development, tasking the provincial sports bureau with implementation. A draft of the plan targets a sports industry scale of 400 billion yuan and resident sports consumption above 310 billion yuan by 2030, with priority on competition performance, outdoor sports, sports manufacturing and esports, including 10-billion-yuan-level manufacturing clusters in Chengdu, Mianyang, Dazhou and Ziyang.

TREE NEWS update: Chongqing issued a combined 363.44 billion yuan of special-purpose local government bonds across five tranches. The largest tranche was a 5-year land-reserve bond of 155.03 billion yuan at a 1.42% coupon, followed by a 30-year bond of 82.96 billion yuan at 2.25%. A 15-year tranche of 53.54 billion yuan drew a marginal bid-to-cover of 26.63 times against an expected 2.05.

TREE NEWS update: The Bank of Korea has launched a pilot network that lets foreign investors settle won transactions during business hours in their home countries, moving beyond the current window tied to Korean trading hours. The system is aimed at cross-border securities settlement for overseas investors.

TREE NEWS reports: Emerging-market investors are favoring local-currency sovereign bonds over dollar-denominated debt as surging US Treasury yields erode the appeal of hard-currency notes. The shift is driven by attractive valuations and the potential for carry-trade returns, where investors borrow in low-yielding currencies to buy higher-yielding assets. Since the end of June, the Bloomberg EM local-currency bond index has outperformed its dollar-denominated counterpart by more than 3 percentage points, on track for its largest quarterly lead since 2022.

TREE NEWS update: France’s finance minister said the country’s strategic oil reserves are full. The statement, issued without further detail, confirms the national stockpile is at capacity. No figures for the reserve volume or any release plans were given.

TREE NEWS reports: South Korea’s benchmark KOSPI index closed 1.65% higher at 7,007.72 points. The gain puts the index above the 7,000 mark at the close of trading.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said the war still has room to expand geographically. The statement, issued without further detail, points to the potential for the conflict to widen beyond its current area. No specific regions, timelines or operational plans were given.

TREE NEWS update: French President Emmanuel Macron said on the 20th that France supports an agenda bringing Canada and the European Union closer together, and backs Canada becoming an EU “associate member.” The remarks were made in a statement on Franco-Canadian relations.

TREE NEWS reports: Vietnam’s VN Index dropped 1% to 1,797.22 points. The decline marks a pullback for the Vietnamese benchmark equity gauge, which had been trading near recent highs. No further details on the drivers of the move were immediately available.

TREE NEWS reports: JPMorgan global strategists led by Mislav Matejka said strong margins, broadening earnings growth and solid corporate balance sheets will support further equity gains through year-end, arguing the recent pullback driven by Brent crude topping $100 and rising Treasury yields is unlikely to derail the rally. The team recommends overweighting eurozone and emerging-market stocks, favors mining, capital goods and semiconductors, is bearish on media and software, and says tech is unlikely to lead the market in the second half.

TREE NEWS reports: The gap between the US 2-year and 10-year Treasury yields narrowed to its smallest level since March 2025. The move marks a further flattening of the curve, with the spread compressing as the two maturities converge.

TREE NEWS update: China’s Politburo met on September 21 to study the major issue of persistently advancing full and rigorous Party self-governance, with Xi Jinping presiding. The meeting discussed documents to be submitted to the upcoming Fifth Plenary Session of the 20th Central Committee for review.

TREE NEWS reports: UBS lowered its 12-month target for South Korea’s KOSPI index by 9%, to 8,000 from 8,800, citing rising interest rates, higher oil prices and a stronger local currency weighing on corporate earnings. Analysts wrote that while the index still has considerable upside, it may stay range-bound until the upcoming third- and fourth-quarter earnings season offers a clearer picture of earnings sustainability and shareholder return plans.

TREE NEWS update: A consortium of Xiangyu and C&D won a residential land parcel in Shanghai’s Jing’an district for 7.05 billion yuan on Sept 21, a 5.48% premium over the 6.684 billion yuan starting price. The 42,200.07-square-metre site has a planned gross floor area of 101,280.17 square metres and a floor area ratio of 2.4, with a final accommodation value of 69,614 yuan per square metre. Two bidders took part and the auction ran 78 rounds.

TREE NEWS reports: Spot silver dropped below $66 an ounce, falling more than 0.4% during the session. The move marks a fresh intraday low for the metal as selling pressure persisted. No further details were immediately available.

TREE NEWS reports: Guangdong’s value-added industrial output above designated size rose 6.1% year on year in January-August 2026, accelerating 0.4 percentage points from the January-July pace, the provincial statistics bureau said. For August alone, output grew 6.9% year on year, 1.0 percentage point faster than the previous month.

TREE NEWS reports: Guangdong’s total retail sales of consumer goods rose 1.3% year on year in the first eight months of 2026, 0.1 percentage point faster than the January-July pace, the provincial statistics bureau said. August retail sales grew 2.2% year on year, up 1.5 percentage points from the previous month. Urban retail sales rose 1.6%, while rural retail sales fell 0.8%.