Flash News

TREE NEWS update: Shanghai’s Municipal Commission of Economy and Informatization issued an action plan to accelerate next-generation smart manufacturing, including a new platform to help smart manufacturing service providers take high-quality products and advanced solutions overseas. The plan also calls for a supply-demand matching platform tying local scenario needs to vendor capabilities, and supports firms in jointly building pilot-testing platforms for data simulation, process improvement, sample production and verification.

TREE NEWS update: Shanghai’s Economic and Information Technology Commission issued an action plan to accelerate next-generation smart manufacturing, targeting breakthroughs in core technologies and components. The plan focuses on distributed sensing, multimodal fusion, high-dynamic motion planning and control, ultra-precision machining, industrial wireless real-time communication and edge intelligence. It specifically names high-end sensors, high-torque-density servo motors, high-precision heavy-load joint modules, high-performance servo drives and high-reliability reducers as key components to develop.

TREE NEWS reports: OPEC+ will hold its oil production targets steady at its Sunday meeting, sources said. The group’s decision leaves current output levels in place, with no change to the existing targets announced.

TREE NEWS update: The Dalian Commodity Exchange will limit non-futures-company members and clients to 500 lots of daily opening positions in the hog futures LH2701 contract from the trading session on Oct. 29, 2026, it said in a notice. Daily opening volume in other hog futures contracts is capped at 1,000 lots, calculated as the sum of buy and sell openings in a single contract on the same day. Hedging and market-making positions are exempt, and accounts under actual control are treated as one.

TREE NEWS reports: Prediction markets give Democrats a 92% chance of winning the House and 67% of the Senate one week before the Nov. 3 US midterm elections, with Polymarket projecting 236 House seats for Democrats and Kalshi 234. Trump’s approval rating edged up 1 point to 32%, and Democrats lead Republicans 47% to 36% among registered voters in an Oct. 26 Reuters/Ipsos poll. Crypto and AI-linked stocks could face short-term pressure if Democrats sweep both chambers, while a Republican hold would likely lift CLARITY Act prospects.

TREE NEWS update: Iran’s president and Qatar’s emir held talks on energy cooperation and trade issues, the two sides said. The discussions covered bilateral economic ties between the two neighboring Gulf states. No further details on the outcome or any agreements were provided.

TREE NEWS reports: The euro fell 0.3% against the U.S. dollar to 1.1143. The move marks a session of dollar strength against the shared currency, with the pair trading at that level at the time of the quote. No further detail on the drivers of the move was provided.

TREE NEWS reports: US stock index futures reversed into positive territory, with Dow Jones futures rising 0.17%, S&P 500 futures gaining 0.08% and Nasdaq 100 futures up 0.08%. The move marks a turnaround for the contracts after earlier weakness.

TREE NEWS update: Shanghai has formally begun establishing a satellite internet industry fund, announced at the 2026 Satellite Internet Industry Ecosystem Conference held in the city. The fund is jointly initiated by municipal and district-level investment platforms together with private capital, and is intended to leverage state capital to support technology innovation and cultivate the industry ecosystem. No fund size or timeline was disclosed.

TREE NEWS reports: Mercedes-Benz shares dropped 3.5% after the automaker lowered its earnings guidance, cutting the adjusted sales return outlook for its passenger car division to 2% to 3%. The revised target marks a sharp reduction from prior expectations for the core unit.

TREE NEWS reports: vivo ranked first among Android brands in the $600-and-above premium smartphone segment. The research firm said the S60 series outperformed its predecessor, helping vivo also take the top spot in the $400–$600 price band and consolidate its sales base.

TREE NEWS reports: The London Metal Exchange reported declines in lead, aluminium, copper and zinc inventories, while tin stocks were unchanged and nickel rose. Lead stocks fell 3,975 tonnes, aluminium dropped 1,950 tonnes, zinc declined 1,300 tonnes and copper decreased 250 tonnes. Nickel inventories increased by 276 tonnes and tin stocks held flat.

TREE NEWS update: Mercedes-Benz revised its full-year 2026 outlook, citing expected effects in the fourth quarter. The automaker now expects full-year EBIT to be level with the prior year, while free cash flow is projected to be significantly below the previous year’s level. Adjusted return on sales is guided at 2%-3% for the passenger car division, 8%-10% for the vans division and 12%-14% for financial services.

TREE NEWS reports: Eurozone M3 money supply grew 3.5% year-on-year in September, in line with the 3.5% forecast and unchanged from the prior 3.5% reading. The broad money aggregate held steady at the same annual pace as the previous month, with the latest print matching expectations.

TREE NEWS update: Russian President Vladimir Putin plans to hold talks with Norwegian Prime Minister Jonas Gahr Støre and Finnish President Alexander Stubb, Bloomberg reported. No date, venue or agenda for the meetings was given in the material.

TREE NEWS reports: Suzhou’s gross domestic product for the first three quarters of 2026 totaled 2,119.09 billion yuan, up 5.6% year on year at constant prices, outpacing the national growth rate of 4.6%. The primary sector contributed 11.485 billion yuan, up 3.5%; the secondary sector rose 7.3% to 955.95 billion yuan; and the tertiary sector grew 4.3% to 1,151.66 billion yuan.

TREE NEWS reports: Thirteen companies in the STAR 50 index are executing share buyback plans with a combined cap of 5.08 billion yuan ($710 million), of which 1.04 billion yuan has been repurchased so far. Since Oct. 8, eight STAR 50 constituents — including Alice, Biwin Storage, Piotech, Montage Technology, GalaxyCore, Hygon Information, Shengyi Electronics and Hwatsing Technology — disclosed new buyback plans totaling about 2.65 billion yuan at the upper limit. Separately, Loongson Technology’s controlling shareholder plans to increase its stake by 5-6 million yuan within six months.

TREE NEWS update: The Hunan Provincial People’s Government Office issued the province’s 15th Five-Year Plan for Traditional Chinese Medicine development, calling for coordinated reform of medical services, health insurance and pharmaceuticals. The plan encourages commercial insurers to offer TCM health insurance products, including preventive treatment, and prioritizes price adjustments for TCM diagnostic and treatment services with proven efficacy.

TREE NEWS reports: As of Oct. 27, 112 companies on China’s STAR Market had disclosed their 2026 third-quarter reports, posting combined revenue of 266.790 billion yuan, up 35.93% year on year, and combined net profit of 26.892 billion yuan, up 86.25%. The eight STAR 50 constituents accounted for 27% of the disclosed companies’ total revenue and 46% of their total net profit.

TREE NEWS update: HSBC said its lending exposure to data centers is “very small,” offering a brief comment on the bank’s credit footprint in the sector. The statement did not disclose specific figures or the size of the portfolio. It comes as data-center financing draws growing attention from lenders and investors.