Flash News

TREE NEWS reports: Barclays’ risk engine Beowulf has repeatedly malfunctioned, disrupting trading in FX derivatives including options and forwards, six people directly familiar with the matter said. Interest-rate derivatives traders were also affected, though outages in those assets were typically shorter. Traders worried about blind spots around Federal Reserve rate decisions and other busy market periods.

TREE NEWS reports: China’s three major indices closed lower on the day, with the Shanghai Composite down 1.18%, the Shenzhen Component down 1.08% and the ChiNext down 0.49%. MLCC, defense, copper high-speed connectivity and film sectors led gains, while large-cap financials, nonferrous metals, agriculture and oil and gas lagged. Turnover reached 1.99 trillion yuan, with 605 stocks up and 4,567 down.

TREE NEWS reports: European equities opened higher, with the Euro Stoxx 50 up 0.5% and France’s CAC 40 also gaining 0.5%. Germany’s DAX rose 0.3% and the UK’s FTSE 100 added 0.2% at the open.

TREE NEWS update: China’s National Development and Reform Commission said gasoline and diesel (standard grade) prices should have risen by 435 yuan and 420 yuan per tonne respectively on September 11 under the current pricing mechanism, but after adjustment will actually increase by 260 yuan and 250 yuan per tonne. The commission announced the figures on September 11.

TREE NEWS reports: The Shanghai Composite fell 1.18% to close at 3,888.11, with the Shenzhen Component down 1.08% at 13,471.26 and the ChiNext Index off 0.49% at 3,322.04. The CSI 300 dropped 0.84% to 4,510.16 and the STAR 50 lost 1.01% to 1,553.39. Smaller caps led declines, with the CSI 500 down 1.78% at 7,580.54 and the CSI 1000 down 2.12% at 7,427.24.

TREE NEWS reports: Crude oil’s main contract on China’s commodity futures market closed up more than 5%, with fuel oil gaining over 4% and LU fuel oil and container shipping Europe routes up more than 3%. On the downside, Shanghai silver fell over 5%, lithium carbonate dropped nearly 5%, platinum lost nearly 4%, and BR rubber, coking coal, ethylene glycol, palladium, coke, Shanghai tin, red dates and Shanghai zinc each declined more than 3%.

TREE NEWS reports: ChangXin Memory Technologies (CXMT) posted an 82% EBIT margin in the second quarter of 2026, surpassing SK Hynix’s 76% and Samsung Electronics’ semiconductor business at 70% to become the world’s most profitable memory chipmaker for the period. CXMT’s revenue grew roughly tenfold year on year, the fastest pace among CXMT, Samsung, SK Hynix, Micron, Kioxia and SanDisk.

TREE NEWS update: QUICK FactSet data dated September 11 shows that CXMT’s EBIT margin reached 82% in the second quarter of 2026, surpassing SK Hynix’s 76% and Samsung Electronics’ semiconductor business at 70%, making it the most profitable memory chip maker globally for the period. Over the same period, CXMT’s revenue grew roughly tenfold year on year, the fastest growth among six companies: CXMT, Samsung, SK Hynix, Micron, Kioxia and SanDisk.

TREE NEWS reports: QUICK FactSet data from September 11 shows that ChangXin Memory Technologies (CXMT) recorded an EBIT margin of 82% in the second quarter of 2026, surpassing SK Hynix’s 76% and Samsung Electronics’ semiconductor business at 70%, making it the most profitable memory chip maker globally for the period. Over the same period, CXMT’s revenue grew roughly 10-fold year-on-year, the fastest growth rate among six companies: CXMT, Samsung, SK Hynix, Micron, Kioxia and SanDisk.

TREE NEWS update: China’s Ministry of Industry and Information Technology said on September 11 it will launch a special campaign to upgrade auto industry standards and push companies away from relying on low-price competition. Guo Shougang, head of the MIIT’s equipment industry department, said the ministry will tighten scrutiny of irregular practices in online marketing and new-car launches, order automakers that indirectly extend payment terms to rectify, and step up enforcement against suspected violations to keep the market orderly.

TREE NEWS reports: Yuan-denominated borrowing by Kazakh issuers has surpassed dollar financing for the first time, driven by lower borrowing costs and Beijing’s push to internationalize the renminbi. Yuan bond issuance by Kazakh borrowers has climbed to the equivalent of $3.44 billion so far this year, up sharply from $456 million in the same period of 2025, while dollar financing totaled just $3.16 billion.

TREE NEWS reports: JPMorgan Asset Management says the recent surge in global bond yields is not solely driven by concerns over the Federal Reserve and US fiscal policy, with AI-driven growth optimism pushing investors to reassess where long-term interest rates should sit. Melbourne-based global market strategist Kerry Craig said markets are reacting to signals from the White House and Treasury, including a smaller-than-expected bond buyback operation and talk of policies that could add to fiscal pressure, while recent Treasury auction demand has been quite strong.

TREE NEWS update: European Central Bank Governing Council member and Bundesbank President Joachim Nagel said the ECB’s rate hike is a clear commitment to addressing inflation. He said it is too early to speculate on the next step, which depends on energy price trends, and that low gas storage levels are not a genuine concern. Nagel said rates are at the upper end of the neutral range and may need to enter mildly restrictive territory.

TREE NEWS reports: Japan’s Nikkei 225 closed 1.9% lower at 64,011.34, while the broader Topix slipped 0.6% to 4,028.30. South Korea’s Kospi also ended the session down 1.8% at 6,909.91, with the declines spanning major Asian equity benchmarks.

TREE NEWS update: European Central Bank Governing Council member and Bank of France Governor Moulin said France’s economy is not in danger but the situation is worrying, adding that the country must reduce its deficit and stay vigilant on debt costs. He called this week’s ECB rate hike justified, said the economy may recover modestly, and said France must vote on its budget by year-end. Cancelling debt would be illegal and dangerous, and would push up inflation and interest rates.

TREE NEWS reports: The Hang Seng Tech Index reversed into positive territory, while the broader Hang Seng Index narrowed its decline to 0.5%. The intraday move marked a partial recovery for Hong Kong equities after earlier weakness in the session.

TREE NEWS update: The Seoul Central District Court on September 11 acquitted former South Korean President Yoon Suk Yeol at first instance on charges of helping criminal suspects evade judicial prosecution. The ruling covers the case alleging Yoon abused his position to shield suspects from investigation and prosecution. The court issued the not-guilty verdict at the close of the first-instance trial.

TREE NEWS reports: A-shares deepened their decline on the morning of the session, a move market professionals attributed more to amplified sentiment than to any substantive change in valuations or earnings. With external disturbances intensifying, some investors’ confidence remains fragile, making panic selling and herd behavior likely in short-term swings. Experts said external factors are only near-term noise and that China’s asset safety premium underpins the market’s inherent resilience.

TREE NEWS reports: Spot gold climbed 1% to $4,357.59 per ounce. The move marks a fresh leg higher for the metal, which has been trading at elevated levels. No further detail was immediately available on the drivers behind the advance.

TREE NEWS reports: The seven largest crypto assets excluding stablecoins now account for 92.1% of the market capitalization of the top 100 tokens. Concentration has returned to 2021 levels, with Bitcoin alone at 66.6%. Market growth is increasingly dependent on a handful of large-cap assets, leaving altcoins with a smaller share of capital allocation.