Flash News

TREE NEWS reports: China’s new energy vehicle production rose 18.9% year-on-year in August, while sales were up 17.8% over the same month a year earlier. The data covers the world’s largest NEV market and its two headline growth measures for the month.

TREE NEWS reports: Germany’s harmonised index of consumer prices rose 0.2% month on month in August, the final reading showed, matching both the 0.2% preliminary estimate and the 0.2% consensus expectation. The final figure confirms no revision to the initial print.

TREE NEWS update: Japan’s Ministry of Finance said the government is not currently considering buying back Japanese government bonds. The statement was made by a ministry official, ruling out a bond repurchase program for now. No further details were provided.

TREE NEWS reports: Grab is in talks to acquire Atome, the SoftBank-backed fintech company. No deal terms, valuation or timeline were disclosed. Atome is backed by SoftBank, and the reported talks would mark a further consolidation move by Grab in Southeast Asian financial services.

TREE NEWS update: China’s seventh state-organized centralized bulk procurement of medical consumables closed its first round of bidding at 13:00 on September 10, producing directly selected suppliers. Companies that failed to win in the first round can submit a second, ‘revival’ bid from 13:30, with the second-round bid opening held around 14:30.

TREE NEWS reports: TSMC reported August sales of NT$514.8 billion, a 53.3% increase from the same month a year earlier. The figure covers the Taiwanese chipmaker’s monthly revenue for August. TSMC is the world’s largest contract semiconductor manufacturer and a key supplier to AI and crypto-mining chip customers.

TREE NEWS update: ByteDance Ltd. has hired former Coatue Management executive Jiang Kai to head its corporate investment team, based in Hong Kong, reporting to CFO Gao Zhun. The appointment is intended to help the TikTok parent build a more systematic mechanism for investing in emerging technology startups.

TREE NEWS reports: Chinese panel manufacturers are expected to account for 65.2% of global automotive display shipments in the second half of 2026, up from 59% in the first half. The shift extends a long-running structural change in automotive display production, with China’s share more than doubling from 28.1% in 2019 to 56.6% in 2025.

TREE NEWS reports: India will push BRICS members to expand the use of central bank digital currencies for cross-border payments but will not back a unified payment network that could be seen as challenging the dollar, people familiar with the matter said. As this year’s BRICS chair, India and Prime Minister Modi favor settling bilateral trade between member states in CBDCs. A single BRICS payment settlement system is unlikely to be agreed at this weekend’s leaders’ summit in New Delhi.

TREE NEWS reports: China’s three major A-share indices edged lower while several bank stocks hit record highs, and Hong Kong’s Hang Seng Index fell 1.3% with the Hang Seng Tech Index down 2.1% in the morning session. Japanese central bank board member said the BOJ will continue raising its benchmark rate, boosting expectations of a hike next week. Abu Dhabi sovereign wealth fund Mubadala took a stake in Luckin Coffee through a $1 billion deal.

TREE NEWS update: The European Central Bank announces its interest rate decision at 20:15 Beijing time, covering the main refinancing rate, deposit facility rate and marginal lending rate, with President Christine Lagarde holding a press conference at 20:45. US August PPI and initial jobless claims for the week of September 5 are due at 20:30, alongside Turkey’s central bank rate decision at 19:00 and TSMC’s August revenue report at 13:30.

TREE NEWS reports: The EU’s Copernicus Climate Change Service said in a bulletin released on the 10th that August 2026 was the hottest month since records began in 1940. The agency’s monthly report confirms the global temperature record for the month.

TREE NEWS update: Norway’s prime minister said on September 9 that a drone nearly struck the plane carrying Ukrainian President Volodymyr Zelensky from Moldova to Oslo. The prime minister did not disclose the source of the information or how close the drone came to the aircraft. Zelensky arrived in Oslo late on September 8 and attended the funeral of Norway’s late King Harald V on September 9. Ukraine has not yet issued an official response.

TREE NEWS reports: SK Hynix bonds maturing in 2031 now yield just 9 basis points more than comparable Amazon debt, down to a third of the gap a year ago, as investors treat some emerging-market issuers as safer than US tech giants borrowing heavily to fund AI infrastructure. Emerging-market corporate risk premiums have converged with comparable US benchmarks for the first time.

TREE NEWS update: Abu Dhabi sovereign wealth fund Mubadala Investment Co. has become an indirect investor in Luckin Coffee after striking a deal with Centurium Capital, the Chinese coffee chain’s main private equity backer. Mubadala will have the right to appoint one director to Luckin’s board. The fund said in a separate statement that the transaction values the deal at about $1 billion.

TREE NEWS reports: The Shanghai Composite Index closed the morning session at 3937.78, down 0.35%. The Shenzhen Component dropped 0.55% to 13647.49, the ChiNext Index slipped 0.15% to 3350.08, and the CSI 300 fell 0.42% to 4553.52. The CSI 500 and CSI 1000 each lost 0.52% and 0.55%, closing at 7727.60 and 7606.46.

TREE NEWS reports: China’s three main stock indexes closed the morning session slightly lower, with the Shanghai Composite down 0.35%, the Shenzhen Component down 0.55% and the ChiNext down 0.15%. Bank stocks bucked the trend, with Bank of Nanjing, Bank of Jiangsu, Bank of Hangzhou and Bank of Chengdu all hitting record highs. About 4,200 stocks fell, and half-day turnover reached 1.1 trillion yuan.

TREE NEWS update: Chubu Electric Power announced on the 10th that a billing calculation error led to overcharging about 5 million contracted users over more than two years, with each household overcharged by up to 152 yen per month. The Japanese utility disclosed the error in a statement, saying the overcharges occurred over a period exceeding two years.

TREE NEWS reports: Japan’s 10-year government bond yield broke above 3.0% in Tokyo trading on September 1, the first time since September 1996. Executive economist Takahide Kiuchi said the roughly 1.4 percentage point rise over the past year was driven mainly by domestic factors, with fiscal risk premium the largest single contributor, and warned that continued long-end yield gains could cool the AI stock rally and trigger an abrupt global economic slowdown.

TREE NEWS update: US President Donald Trump said on September 9 that the United States may strike Iran’s “Pickaxe Mountain” nuclear facility and urged Tehran to exercise caution. Speaking at a Republican midterm election rally, Trump said: “We’ve noticed some small movements at Pickaxe Mountain. I advise Iran not to play smart, because we will hit them hard.” Trump had repeatedly threatened to strike the site in July but has not acted. Pickaxe Mountain, near the Natanz nuclear facility in Isfahan province, is considered one of Iran’s most heavily fortified underground nuclear sites.