Flash News

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed provisionally 1.1% lower, with Chinese EV makers leading the decline. XPeng fell 4.4%, Li Auto dropped 3.3% and Xiaomi lost 2.7%, while Baidu, Pinduoduo and BYD each shed at least 1.4%. Alibaba edged up 0.1%, Tencent gained 1.1% and NetEase rose 1.3%. Among ETFs, KWEB slipped 1%, CQQQ lost 0.1% and the inverse YANG gained 3.6%.

TREE NEWS reports: The US 10-year Treasury yield rose 1.03 basis points to 4.9978% at Tuesday’s New York close, after touching 5.0390% — its highest since July 2007 — and then retreating. The 20-year yield reached 5.4418%, the highest since 2020, and the 30-year hit 5.3989%. The 2s10s spread widened 0.548 basis points to +33.086 basis points.

TREE NEWS update: US Vice President JD Vance said the war with Iran will enter “a very different phase,” without specifying what that phase entails or when it would begin. No further details on the timing, scope or operational content of the shift were provided in the statement.

TREE NEWS reports: At the close of New York trading on Tuesday, September 15, ICE raw sugar futures fell 0.99% and white sugar futures dropped 0.64%. ICE arabica coffee futures lost 0.76%, coffee “C” futures fell 2.46% and robusta coffee declined 1.70%. New York cocoa closed down 2.71% at $5,860 a tonne, London cocoa slipped 0.12% and ICE cotton eased 0.06%, while Chicago WCE canola futures rose 0.72%.

TREE NEWS update: The Kennedy Center’s board of trustees voted on the 15th to close the performing arts center immediately for renovation, US media reported. The vote came shortly after District of Columbia federal judge Christopher Cooper rejected the board’s proposal to add President Donald Trump’s name back onto the building’s exterior wall. The board had said the name addition was necessary to keep the center from going bankrupt.

TREE NEWS reports: The dollar rose 0.51% against the yen to 155.14 in late New York trade on Tuesday, September 15, moving within a session range of 154.21 to 155.24. The euro gained 0.44% and the pound 0.34% versus the yen, while the yen fell 0.60% against the offshore yuan.

TREE NEWS reports: The ICE US Dollar Index rose 0.24% to 99.628 at the New York close on Tuesday, September 15, trading in a range of 99.478 to 99.687 on the day and holding at elevated levels since 10:00 Beijing time. The Bloomberg Dollar Index gained 0.19% to 1,197.31, within a session range of 1,194.35 to 1,197.72.

TREE NEWS update: The US State Department notified Congress on May 15 that it will redirect $52 million in Foreign Military Financing originally destined for Slovakia, North Macedonia, Tunisia and Iraq to Panama, Peru, Ecuador and Colombia. The funds, provided as grants or loans for recipient countries to buy US military equipment and services, are being shifted away from Europe and the Middle East.

TREE NEWS update: Egyptian President Abdel Fattah el-Sisi met Saudi Crown Prince and Prime Minister Mohammed bin Salman in Cairo on the 15th, saying Egypt supports Saudi Arabia in safeguarding its security and stability and backs a comprehensive, lasting political resolution to the Yemen crisis. The talks between the two leaders centered on regional developments.

TREE NEWS reports: Air raid sirens were activated in Saudi Arabia’s Jazan province. No further details on the cause of the alert, the timing beyond the sounding of the sirens, or any official statement were provided in the initial report.

TREE NEWS update: Iranian President Masoud Pezeshkian accused Western governments of hypocrisy on human rights in a speech in Tehran on September 14, asking whether cutting off water and food or bombing civilians can be called counterterrorism and whether Gazans deprived of food and water are terrorists. He said the West bullies the weak and creates “terrorist governments,” and vowed Iran will not bow to power.

TREE NEWS reports: The onshore yuan (CNY) closed at 6.7112 per US dollar at 03:00 Beijing time, down 27 pips from Monday’s overnight close. Trading volume for the session totaled $62.736 billion. The move marks a modest softening of the Chinese currency against the dollar.

TREE NEWS reports: The Hang Seng Index main futures contract closed up 0.35% in overnight trading at 24,762 points. The Hang Seng Tech Index main futures contract closed up 0.26% at 4,311 points.

TREE NEWS reports: CBOT soybean meal futures climbed 2.58% on Tuesday, leading gains in the grains complex. Soybean futures rose 1.15% to $13.1925 a bushel, wheat added 0.80% to $7.2775 and corn edged up 0.47% to $5.3575, while soyoil gained 0.11%. The Bloomberg Grains Subindex rose 0.77% to 34.8966. Livestock contracts fell, with lean hogs down 2.35%, live cattle down 0.87% and feeder cattle down 1.20%.

TREE NEWS update: US President Trump said the closure of the Kennedy Center takes effect immediately. He said renovation and reconstruction work cannot proceed if a court rules against the move and the Supreme Court does not overturn that ruling, and that Justice Department lawyers will seek an expedited appeal. Meanwhile, $17 million raised by Trump has been transferred into the Kennedy Center’s account to keep it operating.

TREE NEWS reports: JPMorgan executive Doug Petno said the US is a more stable and stronger economy, with few yellow warning signs and no red flags at the consumer or corporate level. He said no systemic risks are currently a concern, M&A activity is quite active, and investment banking is broadly improving across regions. The bank expects third-quarter transaction fees to grow in the mid-to-high teens.

TREE NEWS reports: WTI October crude futures settled at $105.83 a barrel, up $4.44 or nearly 4.38%. NYMEX October heating oil closed at $5.2620 a gallon, a record high settlement, while October gasoline settled at $3.4652 a gallon and October natural gas at $2.9190 per million British thermal units.

TREE NEWS reports: The Shanghai Futures Exchange’s crude oil futures 2611 contract closed the night session up 2.85% at 860 yuan per barrel. In the same session, Shanghai gold rose 0.39% and Shanghai silver gained 1.11%.

TREE NEWS reports: The Pentagon has told Congress that the cost of the war with Iran has exceeded $42 billion, an increase of $450 million over the figure it last disclosed publicly. Defense Department officials gave the updated estimate to relevant congressional committees on August 13, the first revision of the figure since late July.

TREE NEWS update: Houthi spokesman Yahya Saree said on the 15th that Saudi Arabia launched 52 airstrikes on multiple locations in Yemen over the past 24 hours, with F-15 and Typhoon fighter jets flying from the Khamis Mushait and Taif air bases. He said the targets included schools, bridges and roads in Taiz province and other civilian facilities in Jawf, Bayda, Saada and Amran provinces. There was no immediate Saudi response.