Flash News

TREE NEWS reports: China’s public bond fund assets surpassed 12.6 trillion yuan at the end of the third quarter, a record high. Bond funds grew by more than 500 billion yuan from the end of the second quarter and drew over 280 billion net subscriptions, the largest among the seven major fund categories including equity, mixed, money market, commodity, QDII and FOF funds.

TREE NEWS reports: Chinese commodity night futures opened mixed, with coking coal rising nearly 3% and soda ash gaining nearly 2%. Glass, synthetic rubber, ethylene glycol (EG), polypropylene, propylene and coke each climbed more than 1%, while caustic soda, soybean No. 2 and palm oil each fell more than 1%.

TREE NEWS reports: The Baltic Dry Index, a gauge of global bulk shipping rates, fell 0.95% to 2,603 points. The decline reflects weaker freight demand across dry bulk commodity routes. The index tracks the cost of transporting raw materials including iron ore, coal and grain by sea.

TREE NEWS reports: The S&P CoreLogic Case-Shiller 20-city home price index rose 2.65% year over year in August, exceeding the 2.6% consensus estimate and accelerating from a 2.47% gain in July. The reading marks a pickup in annual home price growth across major US metropolitan areas.

TREE NEWS reports: The US Federal Housing Finance Agency’s house price index rose 0.3% month over month in August, matching the 0.3% increase recorded in the prior reading. The August data extends the same monthly pace of home-price growth seen in the previous period.

TREE NEWS update: Morgan Asset Management said China’s macroeconomy is highly resilient, with a complete industrial chain and sustained technological innovation creating new opportunities. Chinese assets currently offer attractive valuation and allocation value globally, and long-term investment value will become more prominent as corporate earnings recover.

TREE NEWS update: SAIC Audi’s Q6, A7L and A5L Sportback four-ring-badge gasoline models remain on sale and have not been discontinued, a person familiar with the matter said. The company will not sell new four-ring-badge products in the future, and will provide lifetime after-sales support for the four-ring models already sold, though buyers may also choose to have them serviced at FAW Audi.

TREE NEWS update: Yemen’s Houthi military spokesman Yahya Saree said on the 27th that the group fired a ballistic missile at the Ras Tanura refinery in eastern Saudi Arabia the same day, causing a large fire at the facility. Saudi Arabia has not confirmed the claim, and no casualties or damage at the site have been reported.

TREE NEWS update: Russian President Vladimir Putin said Russia is seeking energy cooperation with Venezuela. The remark was made in a statement that did not specify which energy sectors or projects would be involved. No timeline or further details were provided.

TREE NEWS update: Israel’s Central Elections Committee announced on the 27th that some polling stations originally scheduled to close at 10 p.m. will stay open later, after high turnout in the day’s election caused queues at multiple locations. The extension applies to the affected stations only.

TREE NEWS update: Multiple explosions were heard in Baghdad’s southern Dura district and eastern Rusafa district on the afternoon of the 27th, head of the Security Media Center under Iraq’s Joint Operations Command. A drone of unknown origin appeared near Baghdad’s Green Zone and triggered air-defense systems; it was intercepted.

TREE NEWS update: Douyin Group Vice President Li Liang said Tencent’s short drama and short video businesses are growing far faster than Douyin and Hongguo, and that no company can hold a stable first place in these highly competitive markets. Li made the remarks in a post, noting that only instant messaging has a relatively stable market structure due to its relationship-chain moat.

TREE NEWS update: Iran’s navy said a ‘violating’ oil tanker struck a mine in the Strait of Hormuz. The announcement did not specify the vessel’s name, flag or the date of the incident. The Strait of Hormuz is a key chokepoint for global oil shipments.

TREE NEWS reports: US core durable goods orders, excluding transportation, rose 0.5% month over month in September. The reading came in below the 0.6% increase economists had expected, while the prior month’s figure was revised to 0.2%. The data tracks demand for long-lasting manufactured goods excluding the volatile transportation sector.

TREE NEWS update: The preliminary reading of US durable goods orders for September is scheduled for release at 20:30 Beijing time, putting a closely watched US economic indicator on the calendar for markets including crypto. No forecast or prior figure was provided in the notice.

TREE NEWS reports: US private-sector employment rose by an average of 16,750 jobs per week over the four weeks ended October 10. The figure is a four-week average of weekly gains, giving a smoothed read on hiring momentum heading into mid-October.

TREE NEWS reports: Brazil’s benchmark stock index futures rose 0.25% on Tuesday, reversing Monday’s sharp selloff. The Brazilian real also strengthened, gaining 0.4% against the US dollar. The moves mark a partial recovery after the previous session’s steep declines in Brazilian equities.

TREE NEWS update: French footballer Kylian Mbappe issued a statement on his personal social media on October 27 (Beijing time) apologizing for inappropriate remarks made in a recent interview about an image featuring him. Mbappe said he now understands his comments hurt many people in China and Chinese communities worldwide, that this was never his intention, and that he holds deep respect for the Chinese people and their history.

TREE NEWS reports: Freeport reported third-quarter revenue of $7.55 billion, beating the $7.29 billion market estimate. Adjusted earnings per share came in at $0.88 versus an expected $0.81, while capital expenditure reached $1.16 billion, above the $1.08 billion forecast.

TREE NEWS update: CATL said on its investor interaction platform on October 27 that it expects to achieve small-batch production of all-solid-state batteries in 2027, adding that its technology is at an industry-leading level. The company also said capacity tightness has eased as new capacity comes online this year, though it expects capacity utilization to remain high on continued demand growth.