Flash News

TREE NEWS reports: The Hang Seng Tech Index extended its intraday decline to 1% on Tuesday. The drop reflects ongoing weakness in Hong Kong-listed technology stocks amid broader market pressures. Investors are closely watching for further cues from global markets and policy developments.

TREE NEWS update: Japan’s Finance Minister Katsunobu Kato said he will refrain from commenting on specific exchange rate levels, reiterating that the government’s stance on FX has not changed since the joint intervention. He emphasized commitment to maintaining orderly FX market operations and close communication with the U.S. Treasury.

TREE NEWS update: Japanese Finance Minister Katsunobu Kato said the government will not rely on issuing debt to fund a food tax reduction plan. He stated that the annual JGB issuance scale will be carefully considered, and any supplementary budget will focus solely on necessary projects. Kato acknowledged that Japan has so far depended on supplementary budgets.

TREE NEWS reports: Australia’s NAB business confidence index fell to -1 in August from a revised 4 in July, signaling weakening sentiment among firms. The decline suggests businesses are turning more cautious amid economic headwinds. The index remains below its long-term average, underscoring subdued conditions.

TREE NEWS reports: China’s treasury bond futures opened with mixed moves on [date], as the 30-year and 2-year main contracts held steady from the previous session, while the 10-year and 5-year main contracts each slipped 0.01%. The market showed little direction amid stable sentiment.

TREE NEWS reports: Japan’s 30-year government bond yield declined 5 basis points to 3.970%, reflecting a move in the long-end of the JGB curve. The drop comes amid ongoing trading in Japanese sovereign debt.

TREE NEWS reports: China’s Shanghai Composite opened at 3935.55 points, up 0.07% on Monday. The Shenzhen Component Index rose 0.06% to 13782.86, while the ChiNext fell 0.13% to 3394.35. The CSI 300 gained 0.02%, but the STAR 50 slipped 0.08%. The CSI 500 and CSI 1000 advanced.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.63% lower at 25,252.07 points on Monday, while the Hang Seng Tech Index fell 0.56%. Shares of Li Auto, Lenovo Group, and BYD Electronic declined over 1% in early trading.

TREE NEWS update: The People’s Bank of China conducted 1 billion yuan of 7-day reverse repos on Wednesday at an interest rate of 1.40%, unchanged from the previous day. The operation aims to maintain reasonable liquidity in the banking system.

TREE NEWS update: China set the yuan midpoint at 6.7804 per dollar, down 9 pips from the previous fix of 6.7795. The official closing price was 6.7106, while the overnight offshore rate closed at 6.7110.

TREE NEWS reports: The New Taiwan dollar strengthened past 31.5 per US dollar, reaching its strongest intraday level since early June. The currency’s rise reflects broader regional currency movements amid shifting dollar dynamics.

TREE NEWS update: Kyiv was hit by multiple powerful explosions early on the 8th, with blasts heard at 3:41 a.m. local time. Ukraine’s air force warned at 3:40-3:42 a.m. that several Russian ballistic missiles were heading toward the capital. Two waves of intense explosions were also reported between 3:30 and 3:33 a.m..

TREE NEWS reports: At the opening of China’s commodity futures on Wednesday, asphalt, methanol and No.20 rubber main contracts rose over 2%, while soda ash fell over 2%. Glass, ethylene glycol, caustic soda and alumina declined over 1%.

TREE NEWS reports: FTSE China A50 index futures opened 0.04% lower, extending a 0.12% decline in overnight trading. The modest drop reflects subdued investor sentiment in Chinese equities.

TREE NEWS reports: As of September 7, margin financing balances on China’s exchanges increased by 115.28 billion yuan to 2.6123 trillion yuan. Shanghai’s balance rose 78.04 billion yuan to 1.3394 trillion, while Shenzhen’s increased 37.24 billion yuan to 1.2729 trillion, reflecting continued investor leverage in the A-share market.

TREE NEWS reports: Beijing’s August existing home transactions reached 13,700 units, up 4.1% year-on-year, according to the Beijing Municipal Housing and Urban-Rural Development Commission. New home transactions totaled 3,100 units, a 10.3% increase. The figures come a month after the city’s property optimization policies took effect on August 8, which have boosted viewings and purchase intentions.

TREE NEWS update: The LUX-ZEPLIN (LZ) dark matter detector in South Dakota, the world’s largest, has detected a single anomalous event in 220 days of data collected from March 2023 to April 2024. The signal cannot be explained by known backgrounds and may be a dark matter particle, though confirmation is pending. Results were presented at the TeV Particle Astrophysics conference and submitted to Physical Review Letters.

TREE NEWS reports: Australia’s Westpac consumer confidence index dropped to 84.4 in September from 88.9 previously, indicating persistent pessimism among households. The decline suggests ongoing concerns about the economic outlook and cost-of-living pressures.

TREE NEWS reports: The dollar fell 0.5% against the yen to 153.56 in early trading, extending recent losses as traders weigh the Bank of Japan’s policy stance. The move reflects ongoing yen strength amid expectations of narrowing rate differentials.

TREE NEWS reports: South Korea’s Seoul Composite Index (KOSPI) extended its gains to 1% on the day. The benchmark index rose as market sentiment improved, with investors reacting to recent economic data and global cues. Further details on the drivers of the move were not immediately available.