Flash News

TREE NEWS reports: Fed Chair Kevin Warsh’s push for a ‘silence is a virtue’ communication style has failed to win over most colleagues, producing noisy and scattered signals from the committee, Nick Timiraos wrote on Oct. 27. Between the last policy meeting and this week’s blackout period, 16 Fed officials with at least a year in office delivered no fewer than 59 speeches, interviews and public remarks, roughly matching the 54 a year earlier. Market odds of an October rate hike fell from 70% to 15% in a month after two vice chairs signaled no rush to act.

TREE NEWS update: President Donald Trump said he will soon arrange meetings with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky. The announcement gave no date or venue for the talks, which would mark the first direct engagement between the two leaders since the war began.

TREE NEWS update: The Federal Reserve releases its FOMC rate decision at 02:00 Beijing time Thursday, with Chair Kevin Warsh holding a monetary policy press conference 30 minutes later. Earlier in the day, the Bank of Canada announces its rate decision at 21:45 Beijing time, US September goods trade balance and the UK chancellor’s first annual budget are due at 20:30, and Alphabet, Microsoft, KLA, ServiceNow and FedEx report after the US close.

TREE NEWS update: The Reserve Bank of New Zealand kept its official cash rate unchanged at 2.75% on a 4-3 vote, surprising markets and sending the New Zealand dollar and government bond yields sharply lower. In South Korea, SK Hynix reported third-quarter operating profit rose sevenfold year-on-year and unveiled a 100 trillion won shareholder return plan, lifting its shares 10% and helping drive a more than 6% gain in the Kospi. ChangXin Technology has been added to the Shanghai Composite Index as its largest weighted stock.

TREE NEWS update: US President Donald Trump said Washington is not taking sides in Brazil’s election and that he would support Jair Bolsonaro traveling to the United States. Trump made the remarks in comments on the Brazilian vote, without specifying terms for Bolsonaro’s entry. The statement marks a direct US presidential comment on the Brazilian election and on the legal situation of the former Brazilian president.

TREE NEWS update: German President Frank-Walter Steinmeier began his state visit to China in Anhui province on October 27, visiting Hefei Luogang Park to learn about sustainable urban development and touring Volkswagen’s local R&D center. At the center, he experienced the automaker’s China-developed smart electric vehicle, highlighting Sino-German cooperation outcomes during his October 27-31 visit.

TREE NEWS reports: The South Korean won fell 1.1% against the U.S. dollar on the day, marking its largest intraday decline in a month. The move reflects fresh pressure on the currency, though the material did not specify a trigger or trading level. The won’s slide comes as traders watch for further volatility in dollar-linked markets.

TREE NEWS update: Standard Chartered reported third-quarter pre-tax profit of $2.25 billion, topping the $2.09 billion estimate. Operating income for the quarter came in at $5.78 billion, also ahead of the $5.63 billion consensus forecast. The results were released as the bank’s latest quarterly earnings.

TREE NEWS reports: The Hang Seng Tech Index rose 2% during intraday trading, with MNIMAX gaining more than 8% and Lenovo Group climbing over 6%. The moves reflect strength in Hong Kong-listed technology shares.

TREE NEWS reports: India’s benchmark SENSEX index fell 1% on the day. The move marks a decline for the index, which tracks major companies on the Bombay Stock Exchange. No further details on the drivers of the drop were provided.

TREE NEWS reports: Kioxia shares rose 16% after SK Hynix reported better-than-expected quarterly earnings. The gain puts the memory-chip maker among the session’s strongest movers, with the Korean peer’s results cited as the trigger for the rally.

TREE NEWS update: Reserve Bank of New Zealand Chair Breman said the central bank is closely monitoring the exchange rate, adding that conditions are favorable for inflation to slow in 2027. Breman made the remarks in comments published on the central bank’s behalf. No further policy details were provided.

TREE NEWS reports: SK Hynix shares surged 10% while Samsung Electronics gained 9.5%. The two South Korean chipmakers led the advance, with no further detail provided on the drivers behind the rally. Both stocks are major suppliers in the memory semiconductor market.

TREE NEWS reports: The ChiNext Index rose 3% by the midday close on October 28, with the Shanghai Composite up 0.72% and the Shenzhen Component up 1.99%. Robot-concept stocks rallied broadly, led by Fulai New Materials’ fifth limit-up in eight sessions and a 12% gain in Unitree Robotics, while semiconductor and PCB shares also advanced. More than 4,500 stocks across the Shanghai, Shenzhen and Beijing exchanges traded higher.

TREE NEWS update: Changxin Technology has been added to the Shanghai Stock Exchange Composite Index with a 4.67% weighting, making it the index’s largest constituent. The company was also added to the SSE STAR Market Composite Index with a 15.74% weighting, where it is likewise the top-weighted stock. Index rules adjust weight factors on the trading day after the second Friday of each month, or when a newly included sample’s weight exceeds 15%.

TREE NEWS update: The Xinjiang Production and Construction Corps issued a 20-year other special-purpose local government bond totaling 758 million yuan at a coupon rate of 2.1600%. The bid-to-cover marginal ratio came in at 9.08 times, against an expected ratio of 2.16.

TREE NEWS update: Three gold mines in South Kordofan state in southern Sudan were attacked by drones on October 27, killing five people and injuring six others. No group or individual has claimed responsibility for the attacks. The incident marks a further security deterioration in the gold-mining region.

TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) held at 1.2810% on the latest fixing, unchanged from the prior session at 0.00 basis points. The 7-day SHIBOR fell 0.80 basis points to 1.3400%, while the 3-month rate declined 0.20 basis points to 1.4035%.

TREE NEWS update: Reserve Bank of New Zealand Chair Breman said the Official Cash Rate may be raised by more than expected in September. The remark signals the central bank could tighten monetary policy faster than markets anticipate. No specific rate figure or policy decision was announced.

TREE NEWS reports: Japan’s Nikkei 225 gained 1.3% by the morning session close, while the broader Topix edged down 0.02%. The split session left the blue-chip index higher and the broader market essentially flat.