TREE NEWS reports: CITIC Securities forecasts that in H1 2026, aggregate net profit of sample coal firms will rise about 34% year-on-year, with Q2 up about 41% quarter-on-quarter, driven by higher coal prices and cost control. Mid-term dividends remain active, with cash dividends up about 28% year-on-year. Stricter safety regulation after mine accidents is expected to tighten supply and lift the coal price center, supporting an upward market trend this year.
TREE NEWS update: Japan’s top currency diplomat, Atsushi Mimura, said the government’s stance on foreign exchange remains unchanged. His comments come amid ongoing market attention on yen movements and potential intervention. Mimura, who oversees currency policy at the Ministry of Finance, reiterated the existing approach without elaborating further.
TREE NEWS update: Japanese Prime Minister Takaichi is expected to retain Finance Minister Katayama in a cabinet reshuffle later this month. The move signals continuity in fiscal policy amid ongoing economic challenges.
TREE NEWS reports: Japan’s Nikkei 225 index opened 0.3% higher on [date], while South Korea’s KOSPI composite gained 1.1% at the open. The moves reflect positive sentiment in Asian markets.
TREE NEWS update: China is preparing to issue or is in the process of issuing government bonds and policy financial bonds. The announcement covers upcoming and ongoing debt sales, reflecting Beijing’s fiscal strategy to support the economy. Details on specific dates and amounts were not provided in the initial notice.
TREE NEWS update: China’s three policy banks—China Development Bank, Export-Import Bank of China, and Agricultural Development Bank of China—have begun disbursing the first batch of 2026 new policy financial tools in Zhejiang, Yunnan, Xinjiang, and Sichuan. The 800 billion yuan tools feature expanded scale, broader investment scope, regional optimization, and increased support for private firms. Analysts expect the tools to leverage up to 10 trillion yuan in total project investment, underpinning investment and growth in H2.
TREE NEWS update: China’s state newspaper People’s Daily published an article urging European politicians to abandon a ‘triple positioning’ of China and the ‘de-risking’ narrative, warning that ‘China shock 2.0’ rhetoric erodes mutual trust. It argues that normal market competition should not be framed as systemic rivalry, and that interdependence is not a security risk. Europe’s industrial anxiety should not make China a scapegoat.
TREE NEWS reports: Japan’s July household spending dropped 3.6% year-on-year, missing the consensus forecast of a 1.7% decline and worsening from June’s 3.3% fall. The data, released by the government, underscores persistent weakness in consumer demand despite recent wage gains.
TREE NEWS update: US Treasury Secretary Scott Bessent said the European Union has joined the economic isolation campaign against Iran. The statement underscores growing international pressure on Tehran amid ongoing tensions over its nuclear program.
TREE NEWS reports: South Korea and the United States are continuing negotiations over US chip tariffs, a South Korean minister said. The talks aim to address trade measures affecting semiconductors, with details still under discussion. No outcome was announced.
TREE NEWS update: President Donald Trump announced on Truth Social on September 3 that Adam Telle, currently Assistant Secretary of the Army for Civil Works, will become Acting Secretary of the Army. The appointment takes effect immediately.
TREE NEWS reports: As A-share half-year reports close, Q2 holdings of social security funds, insurers, and basic pension funds show consensus additions in banks, AI computing, new productive forces, and safe-haven assets, while consumer sector allocations diverged in pace and focus.
TREE NEWS reports: JPMorgan strategists said a break of USD/JPY below 155 could accelerate yen appreciation as massive yen short positions unwind. They estimate short positions at 16-17 trillion yen, and a full unwinding could push USD/JPY to 142-146. The team, including Junya Tanase, noted recent price action supports the view that relatively large shorts remain, though they see a substantive break below the assumed 155-165 range as unlikely.
TREE NEWS reports: As 2026 interim reports close, A-share listed firms show faster profit growth but widening sector divergence. Electronics, AI hardware, nonferrous metals, chemicals and high-end manufacturing beat expectations, while agriculture, property, building materials, steel and some consumption lag. Fund managers say tech growth enters an ‘earnings verification’ phase, where outperformance depends on converting AI trends into orders, revenue and profit, not just concept exposure.
TREE NEWS update: Since 2026, 17 biotech companies have listed on HKEX, raising HK$18.501 billion, accounting for 16.19% of the 105 new listings. Meanwhile, 110 biotech firms filed for Hong Kong IPOs this year, covering oncology, CGT, radiopharma, ophthalmology, and medical devices. A notable trend: many A-share drugmakers pursue dual listings, with some making repeated filings.
TREE NEWS update: Global markets face a data-heavy Friday (Beijing time): Korea’s finance minister holds a market assessment at 08:00; German July factory orders due at 14:00; BoE’s Bailey and ECB’s Lane speak at 16:50 and 17:00; US August nonfarm payrolls (including employment, unemployment, average hourly earnings) and Canada’s August employment report at 20:30; OPEC+ monthly meeting on Sunday.
TREE NEWS reports: Chinese insurers are increasing their allocation priority to dividend-yielding stocks for Q4, according to an equity investment head at a major Shanghai insurer on September 3. The shift comes as A-share market volatility widens and the market transitions from oversold rebound to range-bound trading, making dividend assets more attractive.
TREE NEWS update: US Trade Representative Jamieson Greer said trade and tariffs are not dragging on the economy. Asked directly whether they pose a drag, he answered: no. The remarks come amid ongoing tariff policy debates.
TREE NEWS reports: Local government bond issuance surged to 1.19 trillion yuan in August, a record high for the year. New special bonds totaled 518.8 billion yuan, second only to June, while new general bonds reached 122.7 billion yuan, second to February. Funds are split between stabilizing investment and debt resolution, with over half of special bonds for projects and Guizhou issuing the year’s first refinancing general bond for existing debt.
TREE NEWS update: US Trade Representative Jamieson Greer will meet Mexico’s trade minister on the afternoon of September 3. The meeting was announced without further details on agenda or location.