TREE NEWS update: Shanghai issued a 10-year general local government bond on Thursday, raising 7.900 billion yuan at a coupon of 1.6000%. The bid-to-cover margin ratio came in at 4.12 times, against an expected ratio of 1.60, indicating demand well above the issuer’s projection.
TREE NEWS reports: South Korea’s benchmark KOSPI index rose more than 1% on Tuesday, extending gains in Seoul trading. The move higher came without any specific catalyst disclosed in the initial market data. The index’s advance reflects broad strength in South Korean equities.
TREE NEWS reports: Enflame Technology shares jumped more than 15% to a record high, pushing its market capitalization above 240 billion yuan, as Chinese A-share computing-power chip stocks extended gains. The stock has risen 76% over the past seven trading sessions. Cambricon and MetaX both gained more than 10% on the same move.
TREE NEWS reports: The Indonesian rupiah dropped to an all-time low against the US dollar, marking a new record weakness for the currency. The move extends the rupiah’s decline as the dollar strengthens. No specific exchange-rate level or date was given in the available material.
TREE NEWS reports: China’s ChiNext Index rose more than 1% on the session, while the Shanghai Composite gained 0.21% and the Shenzhen Component added 0.59%. Semiconductor chips, computing hardware, gas and retail led the advance, with more than 2,000 stocks across the Shanghai, Shenzhen and Beijing exchanges closing higher.
TREE NEWS update: Chinese prosecutors have filed a public indictment against Han Song, former Party Committee member and vice general manager of China Resources Group, on suspicion of accepting bribes. The case has been formally brought before a court, though the prosecuting authority, the court and the amount allegedly involved were not disclosed. Han is a former senior executive of the state-owned conglomerate.
TREE NEWS reports: The STAR 50 Index, which tracks the 50 largest companies on Shanghai’s STAR Market, rose more than 3% on the day. The move marks a sharp gain for the tech-focused benchmark. No further details on the drivers of the advance were provided.
TREE NEWS update: Bank of Japan policy board member Toichiro Asada said the central bank must closely monitor how the cumulative effects of its interest rate hikes affect corporate financing and household borrowing, noting that the impact of monetary policy takes at least a year to appear. The remarks, made public on Wednesday, highlight the BOJ’s focus on the lagged transmission of tighter policy as it weighs further rate increases.
TREE NEWS update: Baidu founder Robin Li said AI’s next phase is the “intelligent organization,” a native AI organizational system unlike current hierarchical models, at the Baidu World 2026 opening on Nov. 12. Li said the decade from 2016 to 2026 saw AI form an independent tech stack, with a four-layer “chip, cloud, model, agent” architecture taking shape. If energy is AI’s upstream, he said, organizational capability is its downstream.
TREE NEWS update: North Korean leader Kim Jong Un on 11 July inspected construction of an important naval base on the country’s east coast, the Korean Central News Agency reported on 12 July. Kim was briefed on the project’s progress and stressed the strategic importance of the naval base.
TREE NEWS update: Bank of Japan board member Toichiro Azada said the central bank’s policy rate is now within the estimated range of the neutral rate, meaning further interest-rate increases could have a larger impact on the economy. The remark signals heightened caution over the pace of additional tightening.
TREE NEWS reports: Hongbo Co. surged to its daily limit-up on the A-share market as the computing-power leasing concept rallied, with Litong Electronics, Zhongchuang Environmental Protection, Paratera Tech, Nanxing Co. and QingCloud Technology rising in sympathy. The move marks a sharp intraday swing in the sector tied to AI computing demand.
TREE NEWS reports: Chinese semiconductor stocks opened higher on Thursday, with DapuStor rising nearly 10%. Shares of MetaX, Centec Networks, Cambricon, Tongfu Microelectronics and Weitest Technology also gained. The material did not specify the trading venue, session date or the size of the moves in the other stocks.
TREE NEWS reports: Optical communication concept stocks continued to strengthen, with Qingshan Paper and Tianyang New Materials both hitting their second consecutive daily limit-up. Cambridge Technology, Huafeng Technology, Changxin Bochuang and Dongshan Precision also posted gains, extending a sector-wide rally in Chinese A-share optical communication names.
TREE NEWS update: Bank of Japan board member Toichiro Asada said the central bank must be vigilant about the expected economic impact of past interest rate hikes, flagging downside risks to the economy. He said the pace of rate increases needs to be treated with caution and that inflation is not necessarily demand-driven, with the economy and consumer spending not that strong. Asada also welcomed real wage growth.
TREE NEWS reports: The Hang Seng Tech Index fell 1% in early trading. The decline marks a weaker start for the Hong Kong-listed technology gauge, which tracks major Chinese tech companies. No further details were provided on the drivers of the move.
TREE NEWS reports: The CSI Convertible Bond Index opened 0.05% higher. Zhongding Convertible Bond 03 led gains at 30.00%, followed by Aoshi Convertible Bond at 2.85%, Fengmao Convertible Bond at 2.00%, Zhen 26 Convertible Bond at 2.00% and Kema Convertible Bond at 1.57%. Fuxin Convertible Bond fell 4.42%, with Outong Convertible Bond down 1.79%, Mankun Convertible Bond down 1.16%, Tianyuan Convertible Bond down 1.01% and Yitian Convertible Bond down 0.97%.
TREE NEWS reports: China’s treasury futures opened higher on the day, with the 30-year main contract rising 0.06% and the 10-year and 5-year main contracts each gaining 0.02%. The 2-year main contract was flat versus the previous session. The moves reflect modest positioning across the yield curve at the open.
TREE NEWS reports: The Shanghai Composite opened at 3673.06 on Thursday, down 0.21%. The Shenzhen Component fell 0.25% to 11361.82 and the ChiNext Index dropped 0.50% to 2559.16. The CSI 300 slipped 0.31% to 4063.25, while the STAR 50 was the lone gainer, up 0.16% at 1302.50.
TREE NEWS update: The People’s Bank of China conducted 384 billion yuan ($53 billion) of overnight reverse repo operations on Thursday at an interest rate of 1.25%. The central bank injected a net 197 billion yuan into the banking system through its open market operations for the day. The operation is part of the PBOC’s routine liquidity management.