Flash News

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index closed Wednesday down 0.52% at 3,241.98 points. The gauge traded in a narrow range below flat through the session, touching 3,222.80 points at 09:59 Beijing time in a sharp V-shaped move. Losses widened after the Federal Reserve announced a rate hike at 02:00, with the index briefly breaking below 3,235 points.

TREE NEWS update: Bitcoin and ether whipsawed after the Federal Reserve delivered its first rate hike in more than three years, a unanimous quarter-point increase. The Fed acted as Warsh took aim at inflation. The two largest cryptocurrencies swung in both directions around the decision.

TREE NEWS reports: The S&P 500 closed down 0.4% in preliminary data, with energy off 2.9% and financials down 1.7%, while tech was roughly flat. The Nasdaq 100 finished unchanged, the Dow fell 1.2%, and the Philadelphia Semiconductor Index gained 0.5% even as the bank index dropped 2.9%. Diamondback Energy was the worst Nasdaq 100 component, down 7.8%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 0.55% at 5,734.17, sliding after the Federal Reserve announced a rate hike at 02:00 Beijing time and its dot plot signaled more increases this year. The index recovered part of its losses following Fed Chair Warsh’s press conference. Among Chinese ADRs, Xiaomi fell 2.8%, Tencent 2.4%, Meituan 2.3%, Alibaba 2%, Baidu 1.9%, NetEase 1.4% and BYD 0.9%, while Pinduoduo rose 0.9% and ASE Technology gained 2%.

TREE NEWS reports: US diplomats met with Houthi representatives at the US embassy in Oman last weekend to discuss rising tensions in the Red Sea, a regional source familiar with the matter confirmed. The meeting took place in Oman, and focused on the deteriorating situation in the Red Sea.

TREE NEWS update: Yemen’s Houthi-controlled Al-Masirah TV on the evening of Sept 16 released video it says shows the downing of a Saudi F-15 fighter jet. The Houthis said earlier that day they hit the jet with a homemade surface-to-air missile over Marib province in northeastern Yemen. Two waves of Saudi F-15 and Typhoon jets later entered Marib airspace to search for wreckage, and the group fired again, forcing them to withdraw.

TREE NEWS update: The dollar strengthened broadly against major currencies after the Federal Reserve announced a rate hike on Wednesday, September 16, New York time. The euro fell 0.63% to a session low of 1.1463, sterling dropped 0.70% to 1.3372, and the dollar rose 0.73% against the Swiss franc to 0.8257. Commodity currencies also weakened, with the Australian dollar down 0.64% and the New Zealand dollar down 0.8%.

TREE NEWS update: Federal Reserve Chair Kevin Warsh raised interest rates while crediting President Trump’s economic record, declining to deliver the rate cuts Trump has sought. Warsh said Trump is only half right on the economy, and ignored his rate-cut wishes entirely. The decision sets the Fed’s policy stance against the White House’s preferred direction.

TREE NEWS update: A group of banks has extended a $22 billion chip-related loan to Blackstone and Google parent Alphabet. The financing links the private equity giant and the tech company in a large-scale credit facility tied to semiconductor assets. No further terms, lender names or closing date were disclosed.

TREE NEWS reports: The dollar rose 0.68% against the yen in late New York trading on Wednesday, September 16, hitting a session high of 156.19 yen. The move followed the Federal Reserve’s rate hike and release of its FOMC rate projections at 02:00 Beijing time, which first pushed the pair to a session low of 154.86 before a sharp rally broke it out of a narrow range. The yen also fell 0.65 against the offshore yuan to a session low of 4.2987.

TREE NEWS reports: The Bloomberg Grains Subindex rose 0.07% to 34.9196 in late New York trading on Wednesday, September 16, turning positive intraday after the Federal Reserve announced a rate hike at 02:00 Beijing time. CBOT corn fell 0.33% and soybean oil dropped 1.19%, while wheat gained 0.55%, soybeans 0.21% and soybean meal 0.41%.

TREE NEWS update: White House spokesperson Kush Desai said the Federal Reserve’s rate decision on September 16 was “quite regrettable” from the government’s perspective, adding it had no particularly convincing economic basis. Asked whether President Trump still believes in the Fed chair’s independence, Desai answered: “Of course.” The Fed earlier raised rates by 25 basis points as expected, with the dot plot showing a more hawkish tilt.

TREE NEWS update: China’s acting permanent representative to the UN, Sun Lei, called on all parties in Yemen to remain calm and restrained and to stop fighting immediately, speaking on 15 July at an emergency open session of the UN Security Council on Yemen. He urged the parties to avoid actions that escalate tensions and to return to the path of diplomatic negotiations as soon as possible.

TREE NEWS reports: The U.S. dollar index rose 0.61% to 100.28, putting it on pace for its largest single-day gain since June 17. The move marks a sharp strengthening of the greenback against a basket of major currencies.

TREE NEWS update: JPMorgan raised its prime rate by 25 basis points to 7.00%, effective Thursday, September 17. The prime rate is the benchmark US banks use to price many consumer and commercial loans, and it typically moves in step with the Federal Reserve’s policy rate.

TREE NEWS reports: The Dow Jones Industrial Average fell 770 points, extending its decline to 1.5%, while the S&P 500 dropped more than 0.8% and the Nasdaq slipped 0.5%. The bank index led losses with a 3.7% slide, the semiconductor index eased 0.2% and small-cap stocks lost 0.6%.

TREE NEWS reports: The US dollar rose past 156.0 against the Japanese yen, trading at 156.043, a 0.6% gain over 24 hours. The move extends the greenback’s advance on the yen, with the pair holding above the 156 level.

TREE NEWS reports: JPMorgan Asset Management global fixed income head Bob Michele said his team has begun buying long-end government bonds in the US, Japan and Australia, calling current prices “really too cheap” and the market at its “point of maximum pain.” Michele cited central bank rate hikes by the ECB, Fed and BOJ, plus possible Middle East stabilization, as supports. He said recent Treasury selling was excessive and called Treasury Secretary Bessent’s long-bond buyback plan an important stabilizing force.

TREE NEWS update: The Federal Open Market Committee voted 12-0 to raise the federal funds rate target range by 25 basis points to 3.75%-4%, the Fed said in its September 16 policy statement. The committee said economic activity is expanding at a solid pace, job gains have kept pace with the labor force and inflation remains elevated. The move is intended to support a more timely return to the committee’s 2% inflation goal.

TREE NEWS reports: Goldman Sachs shares extended their decline to 4% on the day. The Philadelphia Bank Index, a gauge of US banking stocks, fell more than 3.3%. No specific cause for the moves was given in the material.