Flash News

TREE NEWS reports: Arthur Hayes said on September 17 that Federal Reserve rate hikes will drive financial asset prices higher. With government debt at elevated levels, banks earn more on reserves and savers earn more on Treasury bills, boosting consumption, especially of financial assets. He noted that even after the Fed halted its RMP operations in mid-August, total Fed and bank assets are still growing when bank balance sheet expansion is included, creating money.

TREE NEWS reports: The Federal Reserve raised rates by 25 basis points at its September meeting, with all 12 officials voting in favor and the dot plot pointing to one more hike this year, Huobi HTX chief analyst Andy said. He said the Fed is rebuilding its anti-inflation credibility at any cost, with Chair Warsh prioritizing inflation control even as growth forecasts were raised and unemployment lowered. The stance pushed up Treasury yields and the dollar and pressured gold.

TREE NEWS update: China’s Deputy International Trade Representative and Vice Minister of Commerce Li Chenggang met with an international business delegation on the morning of September 16. The two sides exchanged views on China-US economic and trade relations and other topics. No further details of the meeting were disclosed.

TREE NEWS reports: Bitcoin showed little immediate reaction to the Federal Reserve’s first rate increase since 2023. Sixteen of 18 Fed officials expect at least one more hike before the end of the year. The Fed’s tightening path remains a key macro input for crypto markets.

TREE NEWS update: The United States has again refused to grant a visa to Palestinian President Mahmoud Abbas, who had planned to travel to New York next week to attend the United Nations General Assembly. The denial, reported by Xinhua, marks another instance of Washington blocking Abbas from attending the annual UN gathering.

TREE NEWS reports: The MMLC battery-grade lithium carbonate midprice stood at 128,850 yuan per tonne in early trading, up 1,250 yuan from the previous day’s 16:30 level. The early-session quote marks a higher reference price for the battery material used in lithium-ion cells.

TREE NEWS reports: Japan’s Nikkei 225 rose 0.1% and the broader Topix gained 0.7% by the morning session close in Tokyo. The two benchmarks ended the half-day session higher.

TREE NEWS update: China’s National Radio and Television Administration said on the 17th that it will build set-top box functions directly into televisions as software this year, working with the Ministry of Industry and Information Technology on unified integrated TV technical standards. Deputy head He Biao said the simplified terminal form lets a single TV handle live and on-demand services, with a universal remote for one-touch power and channel access.

TREE NEWS update: Shanghai issued four tranches of local government bonds totaling 267.68 billion yuan. A 5-year general bond raised 4.011 billion yuan at a 1.44% yield, while a 10-year general bond raised 19.947 billion yuan at 1.79%. The city also sold 3-year and 10-year special-purpose bonds of 190 million yuan and 2.62 billion yuan, yielding 1.29% and 1.79% respectively.

TREE NEWS update: China launched the 25th batch of low-orbit satellites for its satellite internet constellation on Thursday from the Hainan commercial spaceport, using a Long March 12 carrier rocket. The satellites entered their planned orbit and the mission was declared a complete success. The launch is part of the country’s state-backed effort to build a low-Earth-orbit broadband network.

TREE NEWS update: All ministers in Japanese Prime Minister Sanae Takaichi’s cabinet submitted their resignations at an extraordinary cabinet meeting on the 17th, local time, clearing the way for a reshuffle. Takaichi, who leads the ruling Liberal Democratic Party, adjusted the party’s senior personnel on the 16th and planned to reshuffle the cabinet on the 17th. Under procedure, cabinet members are required to tender resignations before the reshuffle.

TREE NEWS reports: The ChiNext Index, China’s growth-enterprise board in Shenzhen, extended its gain to 1% on the day. The move marks a broadened advance for the index, which tracks smaller and technology-heavy mainland listings. No further market detail was disclosed.

TREE NEWS reports: Goldman Sachs said in a report that October is the most likely time for the Federal Reserve’s next rate hike, citing the Fed’s stated aim of returning inflation to its 2% target “more promptly” and the natural pattern of raising rates at two consecutive meetings. The bank flagged the October meeting as the probable next move.

TREE NEWS reports: The CSI Convertible Bond Index opened down 0.08% on Thursday. Taifu, Wentai, Yanpai, Star and Zhenyu 02 convertibles led the declines, falling 2.17%, 1.03%, 0.81%, 0.79% and 0.77% respectively. Huicheng, Tianmai, Aohong, Xiangjia and Changhai convertibles led the gainers, rising 4.01%, 3.20%, 1.07%, 0.95% and 0.72%.

TREE NEWS reports: China’s treasury futures opened higher, with the 30-year main contract up 0.10%, the 10-year up 0.02% and the 5-year up 0.01%. The 2-year main contract was unchanged at the open. The moves came at the start of the trading session.

TREE NEWS reports: The Shanghai Composite opened at 3877.00 on Tuesday, down 0.38%, with other major Chinese benchmarks also starting lower. The Shenzhen Component fell 0.33% to 13409.88 and the ChiNext Index dropped 0.43% to 3297.31. The CSI 300 opened at 4463.62, down 0.37%, while the STAR 50 slipped 0.52% to 1607.85. The CSI 500 and CSI 1000 each declined 0.42%, opening at 7651.46 and 7555.79.

TREE NEWS reports: The People’s Bank of China conducted 162 billion yuan of 7-day reverse repos at a 1.40% rate, unchanged from the previous operation, alongside 600 billion yuan of overnight reverse repos. With 603 billion yuan of reverse repos maturing today, the open market operations resulted in a net injection of 159 billion yuan.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.94% lower at 24,480.57 on Thursday, while the Hang Seng Tech Index dropped 1.03%. JD Health fell more than 2%, and Trip.com, Alibaba Health and Meituan each declined 1.9%.

TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate at 6.7580 per dollar, 48 pips stronger than the previous fixing of 6.7628. The prior official close stood at 6.7064, and the previous overnight session ended at 6.7101.

TREE NEWS update: Hong Kong Monetary Authority chief executive Eddie Yue Wai-man said financial markets are operating normally and reminded the public to be mindful of interest rate risk. Yue’s remarks, issued in his capacity as the city’s de facto central bank governor, addressed market conditions and the rate exposure facing households and investors. He gave no further figures or policy details.