PRE-MARKET CHINESE STOCKS NEWS: Brussels is reportedly open to developing a new trade instrument featuring a potential "kill switch" that would allow the EU to quickly exclude Chinese companies from its market
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PRE-MARKET CHINESE STOCKS NEWS: Brussels is reportedly open to developing a new trade instrument featuring a potential "kill switch" that would allow the EU to quickly exclude Chinese companies from its market
Japan is to open anti-dumping probe on Chinese and preparations made from Chinese rutile titanium dioxide
Tesla (TSLA) Roadster uses thrusters to land after ramp jump
On the Newsquawk feed at , 20 minutes before this page.
China Eastern Airlines (670 HK) - Co. reported September passenger load factor of 87.4%. (Newswires)
China Southern Airlines (1055 HK) - Co. reported September passenger load factor of 85.9%. (Newswires)
CK Asset Holdings (1113 HK) - Co. dismissed as fake news reports claiming that Li Ka-shing had died. (Newswires)
COSCO SHIPPING Holdings (1919 HK) - US Republican lawmakers are reportedly seeking to have the Department of Homeland Security revoke the Co.'s access to US ports. (Newswires)
HSBC Holdings (5 HK) - Co. reportedly plans to double its Hong Kong AI team to 300 employees, accelerating expansion ahead of its Singapore plans. (SCMP)
Mongolian Mining Corporation (975 HK) - Co. Q3 gold sales rose 710% Y/Y to 11.85k oz, ore mined rose 212% Y/Y to 414.9k tonnes, ROM coal mined rose 33% Y/Y to 4.79k tonnes and ROM coking coal rose 19% Y/Y to 2.50k tonnes. (Newswires)
Xpeng (9868 HK) - Co. plans to integrate Google Play into its vehicles from early 2027. (Newswires)
Trade
Brussels is reportedly open to developing a new trade instrument featuring a potential "kill switch" that would allow the EU to quickly exclude Chinese companies from its market, according to discussions among EU leaders on Thursday.
Other News
PBoC Governor reiterated that China would maintain a moderately loose monetary policy. (Newswires)
China's Finance Minister Lan Fo'an said the domestic economy continues to show a stable and positive trend, but protectionism and geopolitical risks are weighing on growth; China will implement more proactive fiscal policy and urged greater G20 policy coordination to support growth. (Newswires)
Context
The substantive item is the EU trade instrument, not the company lines. The EU has assembled a toolkit of defensive trade measures over successive cycles: anti-subsidy duties on Chinese EVs, the International Procurement Instrument, the anti-coercion instrument, foreign subsidies regulation. A 'kill switch' concept, meaning rapid exclusion without the usual investigative runway, would be a further escalation in mechanism if not yet in substance, and at this stage it is leaders' discussions rather than a proposal with legal text. Episodes of this kind follow a familiar sequence: political signalling first, a Commission draft months later, dilution through member-state negotiation, and in the interim Chinese counter-signals aimed at specific European sectors with high export exposure to China, with luxury goods, autos and agriculture having served as pressure points before. The report-to-design gap is where positioning tends to overreach, since instruments framed as swift have historically emerged slower and narrower than first floated. Sectorally the exposure splits between Chinese firms with EU revenue directly at risk and European firms vulnerable to retaliation, and those two lists trade differently once the story matures. The COSCO port-access item sits in the same transatlantic de-risking current, and the parallel US move is a reminder that these measures have tended to travel in pairs. Near-term tells are whether the Commission formally tasks work on the instrument and how Beijing's commerce ministry responds rhetorically.
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