Flash News

TREE NEWS reports: Shanghai Composite opened at 3952.79 points, up 0.29%, while Shenzhen Component rose 0.73% to 13711.07. ChiNext gained 0.90%, CSI 300 added 0.50%, and STAR 50 led with a 1.05% increase. CSI 500 and CSI 1000 opened up 0.62% and 0.61% respectively.

TREE NEWS update: China’s central bank conducted zero 7-day reverse repo operations today, with 103 billion yuan in reverse repos maturing, resulting in a net withdrawal of 103 billion yuan from the banking system. The move signals liquidity management amid market conditions.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.68% higher at 25,482.56 points on [date], while the Hang Seng Tech Index rose 0.71%. Lenovo Group gained over 3%, and JD Health advanced more than 2% in early trading.

TREE NEWS update: The People’s Bank of China set the yuan midpoint at 6.7807 per dollar on Thursday, up 22 pips from the previous 6.7829, marking the strongest level since Feb 8, 2023. The official closing price was 6.7219, with the overnight session ending at 6.7193.

TREE NEWS update: World has opened ProveKit, the zero-knowledge toolkit behind its World ID checks, to outside developers. The toolkit enables a phone to confirm facts about its owner, such as age, without revealing the underlying identifying documents. This move allows third-party developers to integrate privacy-preserving verification into their apps.

TREE NEWS update: On the morning of September 2, Li Chenggang, China’s International Trade Representative and Vice Minister of Commerce, met with a delegation from the board of directors of the US-China Business Council. The two sides exchanged views on China-US economic and trade relations and other topics.

TREE NEWS reports: Taiwan’s benchmark TAIEX opened 0.3% higher on [date not specified], reaching 46,325.48 points. The gain reflects positive market sentiment in the region.

TREE NEWS reports: Commodity futures opened with palladium and ethylene glycol main contracts rising over 3%, methanol up nearly 3%, and crude oil and styrene up over 2%. Meanwhile, container shipping (Europe route) fell over 4%, while coke and coking coal dropped over 2%.

TREE NEWS update: China’s Agricultural Development Bank issued 70 billion yuan of 406-day bonds at a coupon of 0.0000%, with an expected rate of 1.4200%. The bid-to-cover ratio was 1.00, and the marginal ratio was 1.00. The bank also issued smaller 3-, 5-, and 10-year tranches, each 1 billion yuan, all with zero coupons and similar ratios.

TREE NEWS reports: As of September 2, margin financing balances on China’s Shanghai and Shenzhen exchanges fell by 5.464 billion yuan to 2.623074 trillion yuan. The Shanghai exchange saw a decrease of 1.752 billion yuan to 1.345009 trillion yuan, while the Shenzhen exchange dropped by 3.712 billion yuan to 1.278065 trillion yuan.

TREE NEWS update: Chinese Vice Premier Ding Xuexiang met with Russian President Vladimir Putin in Vladivostok on Sept. 2 evening. Ding emphasized deepening bilateral cooperation in investment and energy, and strengthening the Northeast-China and Far-East Russia regional linkage to boost win-win outcomes.

TREE NEWS update: The United States Mint has officially launched a $1 coin bearing the likeness of President Donald Trump. The coin is now available for purchase, marking a notable addition to the nation’s currency lineup.

TREE NEWS reports: Goldman Sachs forecasts a modest increase in Venezuela’s crude output, but says production is unlikely to return to pre-2018 levels of over 2 million barrels per day in the coming years. The bank cites costly and time-consuming fixes for key bottlenecks, including aging infrastructure and an unstable power grid.

TREE NEWS reports: Vietnam’s manufacturing PMI rose to 53.3 in August from 52.9 in July, indicating continued expansion in the sector. The reading above 50 signals growth in manufacturing activity.

TREE NEWS reports: Japan’s final services PMI for August came in at 52.5, up from the flash estimate of 52.3, indicating sustained expansion in the sector. The reading, released today, marks the 28th consecutive month of growth, driven by solid domestic demand and tourism.

TREE NEWS update: China’s CDC issued its 2026-2027 influenza vaccination technical guide, recommending that all individuals aged 6 months and above without contraindications receive the flu vaccine. The guide details available trivalent vaccines, including inactivated and live attenuated forms, with specific age indications. The recommendation aims to reduce influenza burden across the population.

TREE NEWS update: Typhoon Shadel (18th of the year) made its third landfall near Gulei, Zhangpu County, Zhangzhou, Fujian, at about 6:30 a.m. on Sept. 3. In response, Zhangpu, Zhao’an, and Dongshan counties have initiated a ‘three stops and one suspension’ (stop work, production, classes, and markets). Additionally, all schools and training institutions in Fuzhou and Quanzhou have suspended classes. Ferry services in Xiamen, including the Xiamen-Jinmen and Quanzhou-Jinmen routes, have been halted from Sept. 3.

TREE NEWS reports: Argon prices in China have jumped over 240% since early May, reaching 2,459 yuan/ton as of September 2, up from 720 yuan/ton. The rally accelerated in July-August, with sharp daily increases in some regions. Listed firms such as Chendian International, Qiaoyuan, Hangyang, Zhichun and Jinhong Gas have argon-related businesses.

TREE NEWS reports: Japan’s Nikkei 225 index opened 0.5% higher, while South Korea’s KOSPI composite index opened 1.3% higher, signaling a positive start for Asian markets. The moves come as investors monitor regional economic data and global cues.

TREE NEWS update: China is preparing to issue or is currently issuing government bonds and policy financial bonds. The specific amounts and dates have not been disclosed. This move is part of Beijing’s ongoing efforts to manage its fiscal and monetary policy.