Flash News

TREE NEWS reports: The onshore yuan closed at 6.6680 per dollar at 16:30 Beijing time, up 1 pip from the previous official close and 15 pips from the prior overnight close. The pair’s official fixing and closing levels are watched as a gauge of the central bank’s tolerance for currency moves.

TREE NEWS update: The Democratic Republic of Congo’s confirmed Ebola cases in the current outbreak reached 10,060 as of October 25, with 4,887 deaths, a 48.6% fatality rate, the National Institute of Biomedical Research said on October 27. The figures mark a sharp escalation in the outbreak.

TREE NEWS reports: Brent crude gained 1.0% on the day to trade at $111.87 a barrel, while West Texas Intermediate rose 1.0% to $102.78 a barrel. The intraday moves mark a sharp rally in both benchmarks.

TREE NEWS reports: Japan’s youth crime figures have climbed for a fourth straight year, with police taking action against 24,416 juveniles in 2025, up from a record low of 14,818 in 2021. The number had fallen steadily since the 1980s before reversing. Police and educators attribute the recent rise in part to social media.

TREE NEWS update: Saudi Arabia has contained a fire that broke out near the Ras Tanura oil hub following an attack, the kingdom said. Ras Tanura is one of the world’s largest crude export terminals, and any disruption there is closely watched by energy markets. No further details on casualties, damage or the origin of the attack were immediately provided.

TREE NEWS update: Senior officials from Saudi Arabia, Turkey and Pakistan, all members of the Mecca Joint Defense Agreement, visited Iran on Oct. 26 for four-way talks on regional security and stability with President Masoud Pezeshkian, Supreme National Security Council secretary Ali Akbar Rezaei and Foreign Minister Abbas Araghchi. Rezaei said afterward the discussions were “very pleasant” and that a “very positive new atmosphere” had formed in the region, with the four states agreeing security must be upheld by regional countries themselves and outside interference avoided. He said the visit showed US threats carry little weight in the world.

TREE NEWS update: The ninth World Investment Forum, jointly hosted by UNCTAD and the Qatari government, is being held in Doha from October 25 to 27. Li Chenggang, China’s international trade representative at ministerial level and vice commerce minister, attended the opening ceremony and spoke at a high-level session titled “Reshaping Global Value Chains for Growth and Resilience.”

TREE NEWS reports: China’s goods trade with Germany totaled 1.2 trillion yuan in the first three quarters of the year, up 6.2% year on year. September alone saw 146.17 billion yuan in bilateral trade, a rise of 11.3% from a year earlier. Electrical equipment, electronic components and pharmaceuticals were among the main traded products, and full-year 2025 goods trade between the two countries stood at 1.51 trillion yuan.

TREE NEWS update: A Russian missile strike on Kyiv killed one person and injured 15, Ukraine’s State Emergency Service said on the 27th. Kyiv police said Russia attacked the city with ballistic missiles starting on the evening of the 26th, damaging six districts. The casualty toll was reported as of the 27th.

TREE NEWS update: Russia’s Defense Ministry said on the 27th that its forces launched a large-scale overnight strike using high-precision ground-based weapons and drones on Ukrainian military-industrial enterprises and transport and logistics infrastructure in Kyiv and Kharkiv region. The ministry said the targets included an industrial facility and two assembly workshops producing and storing long- and medium-range drones in Kyiv, as well as a road-rail bridge used to transport military supplies.

TREE NEWS reports: Dongfang Caifu strategist Chen Guo said the day’s A-share decline was mainly driven by liquidity factors, with some external macro uncertainty also weighing. He said there was no need for A-shares to be more sensitive than US stocks to events such as US midterm elections. Investors are not eager to enter the market and worry about reducing positions on rebounds, so strong ETF net inflows like last Friday’s would help, he said.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.73% lower, with the Hang Seng Tech Index dropping 1.48%. Property developers led the declines: Shimao Group fell about 9% and Longfor Group lost roughly 7%. Among tech names, Xiaomi slipped about 5% and NetEase declined about 3%.

TREE NEWS reports: European equities opened lower on the session, with the Euro Stoxx 50 down 0.4%, Germany’s DAX down 0.4% and France’s CAC 40 down 0.4%. The UK’s FTSE 100 led the declines with a 1% drop at the open.

TREE NEWS update: Sichuan province issued special local government bonds across four tenors, including a 5-year tranche of 463 million yuan at a 1.4000% coupon with a 3.65x marginal bid-to-cover ratio, a 15-year tranche of 439 million yuan at 1.9600%, a 20-year tranche of 1.3157 billion yuan at 2.1300%, and a 30-year tranche of 5.43732 billion yuan at 2.1800%.

TREE NEWS update: Russian forces struck Kyiv’s southern bridge and metro facilities in a new large-scale attack overnight, halting traffic in the Ukrainian capital, local officials said on October 27. Explosions were heard across Kyiv in the early hours of the morning as the strikes hit transport infrastructure.

TREE NEWS reports: France’s consumer confidence index fell to 80 in October from 86 the previous month, the country’s statistics agency data showed. The reading marks a sharp drop in household sentiment, with the index down six points month-on-month.

TREE NEWS reports: Elon Musk has given about $446 million in the 2026 midterm election cycle, making him the largest individual political donor in modern US history, with funds flowing mainly to super PACs backing Republican candidates. Total giving by the top 50 donors has reached $2.77 billion, including about $1.67 billion for Republican-aligned groups, $832 million for Democratic-aligned groups and $264 million from special-interest groups.

TREE NEWS update: Contemporary Amperex Technology Co. Ltd. (CATL), Yunnan State Financial Capital Investment Management Co. and Xiamen Xiangye Innovation Investment Co. jointly established Shanghai Shidai Chenyuan Venture Capital Partnership (LP) in Shanghai on Oct. 26, with capital contributions of about 1.5 billion yuan ($210 million). The partnership’s executive partner is Xiamen Puquan Private Fund Management Partnership (LP), and its business scope is venture capital investment.

TREE NEWS reports: BlackRock global fixed-income CIO Rick Rieder said the borrowing boom driven by AI is creating the most attractive fixed-income investment opportunities in years, surpassing long-term US Treasuries. Rieder said he had never seen such a large volume of financing flowing into both bond and equity markets, and spent the entire weekend trading.

TREE NEWS update: Verition Fund Management, a $15 billion multi-strategy hedge fund, has been sued for wrongful termination by its former head of Asia-Pacific business development. The lawsuit was filed by the executive who led the firm’s business development efforts in the region. No further details on the claims or damages sought were immediately available.