Flash News

TREE NEWS update: US financial markets are closed for a holiday. Investors should watch for China’s August forex and gold reserves, Germany’s July industrial output, Switzerland’s August unemployment rate, the eurozone’s September Sentix investor confidence index, and the eurozone’s final Q2 GDP, all due later.

TREE NEWS update: The World Gold Council, with retailers Caibai, Chow Tai Fook, Chow Tai Seng, Laofengxiang and others, released the 2026 China Gold Jewelry Retail Trends report. CEO Wang Lixin said hard gold is still the future with huge space, amid a structural industry shift.

TREE NEWS update: Baidu Group announced that its A-class ordinary shares have been included as eligible securities under the Shenzhen-Hong Kong Stock Connect, effective September 7, 2026. The inclusion allows mainland investors to trade Baidu’s A-shares through the connect program.

TREE NEWS update: Gansu province issued multiple tranches of local government bonds, including 30-year special bonds totaling 3.658 billion yuan at a yield of 2.2700%, with a marginal multiple of 2.11 times. Also issued 20-year special bonds of 942 million yuan at 2.2500%, and 10-year general bonds of 2.987 billion yuan at 1.7300%. The issuances reflect ongoing local government financing activities.

TREE NEWS reports: South Korea’s National Pension Service (NPS) has suspended its foreign exchange hedging operations as the Korean won strengthens. The move comes as the won’s appreciation reduces the need for currency hedging on the pension fund’s overseas investments. NPS manages one of the world’s largest pension pools, and its hedging decisions can influence currency markets.

TREE NEWS reports: China’s Shanghai Composite Index fell 0.24% to close the morning session at 3920.70 points. The Shenzhen Component Index rose 1.38% to 13703.21, while the ChiNext gained 2.63% to 3373.12. The CSI 300 edged up 0.19% to 4556.86, and the STAR 50 added 1.56% to 1602.03.

TREE NEWS reports: China’s ChiNext index rose 2.63% by midday on Sept 7, while the Shanghai Composite dipped 0.24%. Computing hardware stocks led gains, with PCB and CPO names hitting limit-up, but AI chip makers fell sharply, including Moore Threads’ 20cm limit-down. Turnover reached 1.25 trillion yuan in the morning session.

TREE NEWS reports: China’s treasury futures closed higher at midday on May 22, with the 30-year main contract up 0.16%, the 10-year up 0.03%, the 5-year up 0.03%, and the 2-year up 0.01%.

TREE NEWS update: Inner Mongolia has issued a 15-year special local bond worth RMB 649.52 million at a coupon rate of 2.0800%. The marginal subscription multiple reached 15.37 times, against an expected multiple of 2.07.

TREE NEWS update: Jaguar Land Rover China has responded to reports of 4,000 global job cuts, stating that there are no corresponding organizational adjustment plans in the Chinese market. The company said its business operations in China remain normal, with sales, after-sales service, and dealer networks functioning as usual.

TREE NEWS reports: BofA Securities chief investment strategist Michael Hartnett warned that a Democratic sweep in the US midterm elections could trigger a more than 10% drop in US stocks, a weaker dollar, and lower bond yields, while risking a burst of the AI bubble. He called the scenario the biggest tail risk, with Polymarket odds now at 50% versus 10% for a Republican sweep. He also flagged surging global bond yields as the main threat to AI capex.

TREE NEWS reports: Goldman Sachs said oil prices could rise to $120 per barrel if attacks on ships in the Middle East escalate further. Daan Struyven, co-head of global commodities research, noted that risks of wider shipping disruption are not negligible. He advised investors to hedge geopolitical risk by going long global gas and refined products, which face larger supply shocks than crude.

TREE NEWS reports: Shanghai Ganglian data showed MMLC battery-grade lithium carbonate (morning session) midpoint price at 145,750 yuan/ton, down 750 yuan/ton from the previous day’s 16:30 price. The decline reflects ongoing weakness in the lithium market.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs and five other agencies issued a plan to strengthen fiscal support for rural development. The plan prioritizes general public budget investment in agriculture and rural areas, optimizes spending structure, and implements policies for land transfer income. It also increases compensation for major grain-producing areas and improves subsidy precision to protect farmers’ incentives.

TREE NEWS reports: The ChiNext Index surged more than 2% today, reflecting strong investor sentiment in China’s growth-oriented tech board. The gain underscores a broader market rally, with traders optimistic about policy support and economic recovery.

TREE NEWS reports: Chinese retail stocks surged on Tuesday, with Central Mall, Guofang Group and Baida Group hitting the daily limit, while Ningbo Zhongbai and Zhongbai Group approached their limits. Dongbai Group, Guoguang Chain and Maoye Commercial rose over 5%. The rally reflects investor optimism over potential consumption stimulus measures.

TREE NEWS reports: Australia’s ANZ job advertisements rose 2.5% in August on a monthly basis, following a 0.8% increase in the previous month. The data points to continued strength in the labor market, as employers maintain hiring demand despite economic headwinds.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.01% higher on the day, while the Hang Seng Tech Index fell 0.26% at the market open. The slight divergence reflects cautious trading in the city’s equities.

TREE NEWS update: China’s central bank set the yuan midpoint at 6.7795 per dollar on Tuesday, down 8 pips from the previous fix of 6.7787. The official closing price was 6.7108, while the overnight offshore rate closed at 6.7108.

TREE NEWS reports: FTSE China A50 index futures opened 0.38% higher in early trading on [date]. The gain reflects positive sentiment in the Chinese market, with investors reacting to recent economic data and policy signals. The move comes amid ongoing volatility in global markets.