Flash News

TREE NEWS update: The People’s Bank of China injected 4 billion yuan via 7-day reverse repurchase agreements on the day, with no reverse repos maturing the same day. The operation results in a net liquidity injection of 4 billion yuan into the banking system. The central bank did not disclose the winning bid rate in the announcement.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.95% lower at 24,718.15 points, while the Hang Seng Tech Index fell 1.36% at the open.

TREE NEWS reports: Morgan Stanley said China’s battery-industry anti-involution campaign is entering a new phase in which capacity expansion is increasingly tied to utilization rates, a shift that favors industry leaders. CATL’s capacity utilization reached 95% in the first half, versus a domestic industry average of just 65%. The bank maintained its A-share target price of 595 yuan for CATL, implying about 77% upside from Thursday’s close.

TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate at 6.7743 per US dollar, 23 pips stronger than the previous day’s 6.7766 and the highest fixing since 6 February 2023. The previous official closing price was 6.7062, while the overnight session last traded at 6.7115.

TREE NEWS reports: Taiwan’s benchmark TAIEX weighted index fell 1.2% to 46,399.40. The decline left the index at that level at the latest reading. No further details on the session’s drivers were immediately available.

TREE NEWS reports: Commodity futures opened with crude oil’s main contract up more than 6%, while fuel oil and LU fuel oil rose over 5%, and pure benzene and asphalt gained more than 3%. On the downside, platinum, Shanghai silver and palladium each fell more than 5%, with international copper and Shanghai zinc down over 3%.

TREE NEWS reports: FTSE China A50 index futures opened 0.67% lower, extending the prior session’s overnight decline of 0.66%. The early move puts the contract under pressure at the start of the trading day.

TREE NEWS reports: South Korea’s benchmark KOSPI index narrowed its intraday decline to less than 2%, paring an earlier drop. The index remained in negative territory on the session.

TREE NEWS reports: Japan’s Nikkei 225 index extended its intraday decline to 2%, with the broader Topix falling as much as 2.2% during the session. The moves mark a sharp same-day selloff across Japanese equities, with both benchmarks deepening losses as trading progressed. No specific catalyst was cited in the market data.

TREE NEWS reports: Japan’s 10-year government bond yield climbed 5.5 basis points to 2.965%. The move lifts the benchmark yield closer to the 3% mark, a level it has not sustained in decades. The rise reflects continued pressure on Japanese government debt pricing.

TREE NEWS reports: Japan’s Nikkei 225 opened 1.5% lower and South Korea’s Kospi fell 3.3% at the open, while the MSCI Asia-Pacific index dropped 1%. The declines mark a sharply weaker start for Asian equities across the region’s major benchmarks.

TREE NEWS update: China is set to issue, or is currently issuing, government bonds and policy financial bonds. The offerings cover sovereign debt alongside policy bank bonds from the country’s state lenders. No issuance size or pricing details were disclosed in the material.

TREE NEWS update: China is set to issue or is currently issuing local government bonds. The issuance covers upcoming and ongoing offerings of municipal and provincial debt. No specific amounts, dates or regions were disclosed in the available material.

TREE NEWS reports: South Korea’s 10-year treasury bond futures dropped to their lowest level since October 2022. The move marks the weakest reading for the contract in more than three years, reflecting sustained selling pressure in the country’s government bond market.

TREE NEWS reports: Japan’s domestic corporate goods price index fell 0.2% in August from the previous month, against expectations of 0% and after a 0.1% gain in July. The monthly decline marks a softer reading for producer-level inflation in Japan.

TREE NEWS reports: Japan’s BSI large manufacturing confidence index came in at 7.6 for the third quarter, swinging from -1.8 in the prior reading. The reading marks a return to positive territory for the sentiment gauge, which tracks confidence among large manufacturers. The prior figure was -1.8.

TREE NEWS reports: Citigroup now expects the Reserve Bank of Australia to raise interest rates twice more in 2026, lifting the terminal rate to 4.85% from a previous forecast of 4.60%. The bank said the revision reflects a two-speed economy, with a deepening property market correction on one side and an AI-related investment boom on the other, adding to capacity constraints and inflation pressure. Citi had previously expected only one more hike.

TREE NEWS update: US Treasury Secretary Scott Bessent pushed back on observers who say his intervention in the Treasury market conflicts with Fed Chair Kevin Warsh’s stated preference for letting markets price freely without central-bank guidance. Bessent said critics are trying to create a “Bessent versus Warsh” narrative, calling it “complete nonsense.” He added that investors are not demanding a higher risk premium on long-term US debt and dismissed the concerns as “a bunch of noise.”

TREE NEWS reports: The S&P 500 fell for a fourth consecutive session, with memory-chip stocks broadly lower, as the 10-year Treasury yield approached 5% and WTI crude jumped 7% above $100. Spot gold dropped nearly 2% toward $4,300 and silver fell more than 5%, while markets priced a roughly 70% chance of a Fed rate hike next week after August PPI posted its largest monthly gain in three months.

TREE NEWS reports: President Donald Trump has promised a $5,000 election “dividend” check to every American adult, a proposal economists say is unlikely to materialize. Even if implemented, they argue, a one-time direct payment would do little to ease price pressures and could push consumer prices higher in the coming months.