PRE-MARKET CHINESE STOCKS NEWS: US is expected to delay announcing new tariffs related to allegations of excess manufacturing capacity among trading partners until at least after Trump-Xi summit
Newsquawk Staff ·
China Resources Power (836 HK) - Co. August electricity sales volume rose 2.9% Y/Y to 22.628mln MWh, including wind farm sales which rose 17.3% Y/Y to 3.970mln MWh and photovoltaic power station sales which rose 26.4% Y/Y to 1.832mln MWh. (AAStocks)
XtalPi (2228 HK) - Co.'s wholly owned subsidiary LCC Technologies entered a disease-agnostic drug discovery collaboration with Stanford University to evaluate biological insights for potential development into small-molecule therapies using LCC's AI-driven PACE platform. (Newswires)
Pharmaceuticals
China's MIIT, NDRC and eight other government ministries and agencies jointly issued the pharmaceutical industry's 15th Five-Year Plan. (Newswires)
Payments
PBoC Deputy Governor met with PayPal's (PYPL) Allen on Tuesday to discuss global financial markets, payment systems and PayPal's expansion in China. (Newswires)
Trade
US is expected to delay announcing new tariffs related to allegations of excess manufacturing capacity among trading partners until at least after next week's planned summit between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter. (Newswires)
China's MOFCOM said Chinese and US trade teams remain in close contact over negotiations on mutual tariff reductions covering USD 30bln and said updates will be released when appropriate. (Newswires)
China's MOFCOM expressed concern over a "Europe First" provision in the European Commission's draft public procurement law, urging the EU to comply with WTO rules, maintain open markets and amend provisions it described as discriminatory towards third-country companies. (Newswires)
China's Commerce Minister Wang held a video call with EU Trade Commissioner Sefcovic to discuss China-EU economic and trade issues, while the European Commission said Sefcovic will meet his Chinese counterpart on October 8th-9th. (Newswires)
Germany's Vice Chancellor Klingbeil urged the EU to rapidly introduce tariffs on Chinese hybrid vehicles and sought clarification on local production requirements, according to Handelsblatt. (Newswires)
- [MARKET ANALYSIS] DXY is a touch firmer, Kiwi gains whilst the JPY digests further BoJ source reports
- French Trade Minister has requested a tariff exemption covering cognac and champagne within the US
- Newsquawk Daily European Opening News - 23rd October 2026
- US President Trump posts "Senator Roger Marshall of Kansas has done an incredible job in representing his Great State! Because of him....Bombardier is investing 270 MILLION DOLLARS, creating THOUSANDS of American Jobs in Kansas, Texas, and Indiana"
- [MARKET ANALYSIS] Oil prices hold onto gains after rallying amid geopolitical concerns with reports noting US and Israeli military are drawing up plans to resume strikes on Iran
Related headlines
- Israeli PM Netanyahu says "I have instructed the security forces to impose a siege on the city of Hebron and to completely close off the West Bank"1 hour ago
- Ukraine energy company DTEK says a Russian attack hit one of its power stations4 hours ago
- Ukraine seeks to move customs checks inside the EU to avoid Russian drones, with Kyiv in discussions with Poland and Slovakia about moving customs checks into their territories to try and make trucks safer, according to FT4 hours ago
- PRE-MARKET CHINESE STOCKS NEWS: Earnings from China Telecom and Chow Tai fook7 hours ago
- Japanese Prime Minister Takaichi told reporters that she would instruct the Minister of Economy, Trade and Industry to consider subsidies for gasoline and other fuel, JiJi reports1 hour ago
- [MARKET ANALYSIS] Asia-Pac stocks are mostly lower following the tech rout and flight-to quality stateside5 hours ago
- [MARKET ANALYSIS] Bond futures remain underpinned following the recent haven bid6 hours ago
- PBoC sets USD/CNY midpoint at 6.7180 vs exp. 6.6758 (prev. 6.7195)7 hours ago
- BoJ is expected to continue rapid rate hikes, with focus on December, sources suggest; report suggests that interest rates are still far from neutral, adding that inflation needs to stabilise47 min ago
- Newsquawk Daily European Equity Opening News - 23rd October 2026 3 hours ago
- Japanese Global Services PMI Flash (Oct) 52.0 (Prev. 51.3)8 hours ago
- Japanese S&P Global Manufacturing PMI Flash (Oct) 53.3 vs. Exp. 54.5 (Prev. 54.1)8 hours ago
- Japanese Global Composite PMI Flash (Oct) 52.30 (Prev. 52.3)8 hours ago
- European Movers: L'Oreal (OR FP) +4.8%, Holcim (HOLN SW) +4.5%, Hexagon (HEXAB SS) +3.0%, Eni (ENI IM) +2.3%, Kering (KER FP) -11.0%, Volvo Car (VOLCARB SS) -3.3%1 hour ago
- Indonesia's central bank official says rupiah movement still manageable following MSCI announcement last week and says we will respond if needed to ensure supply and demand in the FX market5 hours ago