Flash News

TREE NEWS reports: The Australian dollar rose intraday against the U.S. dollar, extending its daily gain to 0.3% after Australia’s third-quarter consumer price index came in above expectations. The stronger-than-forecast inflation reading lifted the currency in short-term trading.

TREE NEWS reports: Australia’s consumer price index rose 1.3% quarter-on-quarter in the third quarter, accelerating from a 0.6% increase in the prior quarter. The pickup in inflation was reported on a quarterly basis, with no annual figure or further breakdown provided.

TREE NEWS update: Reserve Bank of Australia Governor Michele Bullock said domestic capacity pressures and a slightly tighter labor market are adding to price pressure, beyond global factors. The full effect of earlier rate hikes has yet to appear, she said, adding that financial stability risks from household debt remain contained. The RBA will discuss whether tightening so far is sufficient.

TREE NEWS reports: Netanyahu’s faction is leading in Israel’s election. The updated poll places the Netanyahu camp ahead of its rivals. No seat counts or further figures were provided in the poll summary.

TREE NEWS update: Reserve Bank of Australia Governor Michele Bullock said high inflation cannot be tolerated, warning that price pressures may persist for some time and that inflation could exceed the central bank’s August baseline forecast. She noted upside risks to prices are materializing and that global energy prices are far above August levels, adding that it is critical inflation does not deviate from target for an extended period.

TREE NEWS reports: South Korea’s KOSPI extended its advance to 3% on the day. The benchmark index’s move came as Asian equities traded higher. No further detail on the drivers or sector composition of the rally was provided.

TREE NEWS update: The Export-Import Bank of China issued a 1-year bond totaling 1.5 billion yuan and a 449-day bond totaling 5 billion yuan. Both bonds were priced with an issuance rate of 0.0000% against an expected rate of 0.0000%, with bid-to-cover and marginal bid ratios each at 1.00 times. The figures indicate the bonds were sold at par with no yield premium.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.7% higher, while South Korea’s KOSPI Composite Index opened up 2.2%. The two benchmarks started the session in positive territory, with the Korean index posting the larger opening gain.

TREE NEWS reports: Chinese local governments are either currently issuing or preparing to issue local government bonds. The material provides no further detail on the size, timing or purpose of the offerings. No figures, regions or use-of-proceeds information were disclosed.

TREE NEWS update: China is set to issue or is currently issuing government bonds and policy-bank financial bonds. The notice covers upcoming and ongoing sales of sovereign and policy-bank debt but does not specify amounts, maturities or pricing. No further details on the issuance calendar were provided.

TREE NEWS reports: Nikkei 225 futures climbed 1.7% in early trading, pointing to a higher open for Japanese equities. The move reflects gains in the futures market ahead of the cash session.

TREE NEWS reports: SK Hynix said its third-quarter DRAM average selling price rose by more than 20% quarter-on-quarter, in the high-20% range, while NAND ASPs increased by more than 20% in the mid-20% range. The chipmaker expects DRAM market demand to grow by more than 20% year-on-year in 2027, with NAND demand up in the high-teens percentage range. It also forecast declines in PC and smartphone shipments due to cost pressure from rising memory chip prices and supply shortages.

TREE NEWS reports: Brazilian lawmaker Flávio Bolsonaro, who lost last Sunday’s election, has arrived in Miami, Florida, where he met up with his brother Eduardo. The two brothers joined each other in the U.S. city following the weekend vote. Further details of the trip were not immediately available.

TREE NEWS update: SK Hynix expects the memory chip supply shortage to persist until 2030, the company said, adding that it has signed long-term contracts with 14 major customers. The forecast points to a prolonged tight market for memory components, with the multi-year agreements intended to secure supply for those customers through the period.

TREE NEWS reports: SK Hynix reported third-quarter operating profit of 83.33 trillion won, beating market expectations of 77.5 trillion won. Sales came in at 104.62 trillion won versus a 98.96 trillion won estimate, while net profit of 39.53 trillion won fell short of the 59.66 trillion won consensus. The company declared a dividend of 20,000 won per share, including a 10,000 won special dividend from its Kioxia investment.

TREE NEWS reports: Technology stocks rebounded on AI enthusiasm ahead of the Federal Reserve’s rate decision, lifting the Nasdaq more than 1% and sending CoreWeave up 8%. Oil prices extended losses while gold gained 1%. The Fed is scheduled to announce its rate decision early Thursday Beijing time.

TREE NEWS update: Exit polls from Israel’s election indicate Prime Minister Benjamin Netanyahu’s faction and the opposition camp are neck and neck, with no clear winner emerging from the vote. The results point to a tightly contested race, leaving the formation of the next government dependent on coalition negotiations. No official vote count has yet been released.

TREE NEWS update: Saudi Arabia has issued a warning about a potential danger at Yanbu, the kingdom’s Red Sea port and industrial hub. The notice did not specify the nature of the threat or any casualties. No further details were immediately available.

TREE NEWS reports: Hong Kong’s IPO market has hosted 117 new listings so far this year as of Oct. 27, up 53.95% year on year, raising HK$391.516 billion — a 98.93% increase. Suzhou Dongshan Precision Manufacturing listed on Oct. 28, with hardware, semiconductor and software services firms dominating the pipeline. Deloitte China raised its full-year Hong Kong IPO fundraising forecast to at least HK$480 billion.

TREE NEWS reports: Twelve Chinese provinces reported GDP above 4 trillion yuan for the first three quarters, with Guangdong and Jiangsu each exceeding 10 trillion yuan at 11.11 trillion yuan and 10.86 trillion yuan respectively, ranking first and second. Shandong followed in third place with 8.23 trillion yuan. Seventeen provinces posted year-on-year growth of 4.5% or higher, and 11 provinces including Tibet, Shandong and Zhejiang grew more than 5%.