Flash News

TREE NEWS reports: The Nasdaq fell 1.2% in early US trading, with the Philadelphia Semiconductor Index down 5.5%. Super Micro dropped about 9%, Intel and SK Hynix about 7%, ASML and Micron about 6%, and Nvidia about 4%. Memory-chip and optical-communications stocks fell broadly: Corning lost about 10%, Coherent about 9%, Marvell and Lumentum about 8%, and Credo about 6%. The Dow slipped 0.25% and the S&P 500 0.7%.

TREE NEWS reports: The S&P 500 opened 45.54 points lower, down 0.59% at 7,611.44, while the Nasdaq Composite fell 314.53 points, or 1.19%, to 26,018.50. The Dow Jones Industrial Average bucked the trend, opening 177.59 points higher, up 0.34% at 52,750.88.

TREE NEWS reports: US Treasury yields edged higher, with maturities from 2-year to 10-year notes touching levels last seen on Sept. 11. The move marks a fresh push higher along the belly of the curve, lifting benchmark yields back to their September peaks.

TREE NEWS reports: Bank of America raised its year-end target for the S&P 500 to 7,400 from 7,100. The revision lifts the bank’s projected level for the US benchmark index for the remainder of the year.

TREE NEWS reports: Shenzhen recorded 1,395 second-hand home transactions last week, up 9.4% week-on-week and the highest in four weeks. Second-hand residential units totaled 1,272, up 7.8%. Separately, Beike Research Institute data showed new-home subscriptions at Beike’s Shenzhen partner stores rose 26% from Sept 1 to 13 versus the same period in August, while second-hand signings rose 22%.

TREE NEWS reports: In the night session open, Shanghai silver fell nearly 3%, while Shanghai tin, Shanghai gold and glass dropped more than 2%. Shanghai zinc and soda ash declined nearly 2%, and rapeseed meal and international copper slipped over 1%. Crude oil surged more than 9%, fuel oil rose nearly 2%, and asphalt and LPG gained over 1%.

TREE NEWS reports: The US Dollar Index climbed 0.6% and was last quoted at 99.66. The move marks a firmer session for the greenback against a basket of major currencies, with the index holding below the 100 level.

TREE NEWS reports: Canada’s annual inflation rate held at 3% in August, matching expectations, Statistics Canada said Monday. Gasoline prices at the pump rose 22.8% year-on-year, slowing from July’s 25.7% gain, while higher travel package and rent costs offset the deceleration. Month-on-month, the consumer price index fell 0.1%, in line with the median estimate. The Bank of Canada’s preferred core measures, CPI-median and CPI-trim, were unchanged at 2% and 1.9%.

TREE NEWS update: Most of Saudi Arabia’s East-West crude oil pipeline will be shut down for several weeks. The outage affects the bulk of the kingdom’s main conduit for moving oil from the eastern fields to the Red Sea coast, bypassing the Strait of Hormuz. No reason for the stoppage or a resumption date was given.

TREE NEWS reports: China’s August aggregate social financing rose 1.66 trillion yuan while yuan-denominated loans increased 60 billion yuan, with the share of equity and bond financing exceeding loans for the first time in the first eight months. The Financial Times said loan growth shifting toward higher quality and slower pace has become the new normal. ECB board members Kazimir and Simkus both said further rate hikes remain possible at any meeting if needed.

TREE NEWS reports: Brent crude rose 4.0% intraday to trade at $108.81 a barrel, while WTI climbed nearly 4% to $103.86 a barrel. The move marks a sharp single-session gain in both benchmarks.

TREE NEWS reports: Canada’s consumer price index fell 0.1% in August from the previous month, swinging from a 0.5% monthly gain in July, the latest data show. The August reading marks a month-on-month turn negative for Canadian consumer prices. No year-on-year figure was given.

TREE NEWS reports: Canada’s manufacturing shipments fell 0.4% month over month in July, following a revised 0.1% gain in the prior month. The July reading marks a reversal from the previous month’s modest increase in factory sales.

TREE NEWS update: China’s Ministry of Industry and Information Technology held a symposium on industrial economic operations in Beijing on September 14, chaired by Vice Minister Xin Guobin. Officials reviewed current conditions across provinces and assessed the state of the industrial economy, while beginning to map out economic work priorities for 2027. The meeting said the industrial economy has advanced steadily this year, moving toward new and improved development.

TREE NEWS update: US Energy Secretary said the Saudi East-West pipeline is expected to come into operation soon, as Washington seeks more refined products from the Middle East. More than 12 million barrels per day of oil moved through the Strait of Hormuz overnight, against an average daily flow of 10 million bpd.

TREE NEWS reports: Shanghai’s second-hand housing market recorded 10,407 online-signed transactions from Sept 1 to Sept 13, up 27% year on year, as the policy boost from the “Shanghai Eight Measures” continued. Weekend signings totaled 2,481 units, with 1,319 on Saturday, Sept 12, the highest in 77 days since June 27. New project discounts are being withdrawn.

TREE NEWS reports: China Telecom Research Institute released its 2026 report on AI infrastructure in the agent era, projecting China’s annual token consumption will reach 1 quadrillion in 2026 and exceed 350 quadrillion by 2030 — a 350-fold increase over four years, a compound annual growth rate of about 333%. The report describes a strategic shift in China’s AI industry from large-model and compute competition toward scaled agent deployment and application monetization.

TREE NEWS update: European Central Bank Executive Board member Isabel Schnabel said recent energy price developments are “quite worrying” as policymakers weigh further rate hikes after last week’s increase. She said the concern extends beyond crude oil to diesel, with refining capacity sharply reduced and unable to recover quickly. Natural gas prices are also a worry, with low European storage and competition with Asia for LNG supply.

TREE NEWS reports: The Baltic Dry Index, which tracks rates for shipping dry bulk commodities, fell 1.77% to 3,445 points. The decline reflects weaker implied demand for dry bulk seaborne freight across capesize, panamax and supramax vessel segments.

TREE NEWS reports: China’s Financial Times reported that RMB loans rose 10.44 trillion yuan in the first eight months of this year, while net corporate bond financing reached 2.79 trillion yuan, up 1.23 trillion yuan year-on-year. Domestic equity financing by non-financial corporates totaled 470 billion yuan, an increase of 203.1 billion yuan from a year earlier. The figures point to an improving financing structure better suited to new quality productive forces.