Flash News

TREE NEWS reports: Hongshida said in an investor relations activity record that pan-semiconductor revenue rose sharply and has become the core driver of its overall revenue growth. The company attributed the gain to sustained global demand for semiconductor and AI computing equipment and a healthy order backlog, with consumer electronics demand stable as its base business.

TREE NEWS reports: The MSCI Nordic Countries Index fell 0.2% to 392.59 points, with the Nordic financial sector posting the steepest decline among the ten sectors tracked. Nordea Bank Abp dropped 7.8%, the worst performer among Nordic individual stocks.

TREE NEWS reports: Germany’s DAX 30 index provisionally closed up 0.36% at 25,388.73. France’s index finished 0.74% higher, while the UK index rose 1.18%. Italy’s index closed down 0.56%, with its bank index falling 1.29%.

TREE NEWS reports: Europe’s STOXX 600 index closed provisionally up 0.38% at 640.19 points. The Eurozone’s STOXX 50 index finished 0.32% lower at 6,171.27 points. The FTSE Eurofirst 300 index gained 0.40% to close at 2,556.40 points.

TREE NEWS update: Nasdaq said it is experiencing a network problem, warning that clients may intermittently encounter missing data. The exchange operator did not specify the cause, scope or duration of the disruption, or which systems were affected. No timeline for a fix was given.

TREE NEWS reports: Chip stocks shed about $1 trillion in market value, yet ETF investors bought the dip. The $72 billion VanEck Semiconductor ETF (SMH) drew more than $430 million over the past three trading sessions, on track for its biggest weekly inflow since early September. The $19 billion Direxion Daily Semiconductor Bull 3X ETF (SOXL) took in roughly $3.8 billion even as its value fell nearly 21% this week, enough to set a single-week inflow record.

TREE NEWS reports: The Nasdaq Golden Dragon China Index climbed 2% as Chinese ADRs rallied, with New Oriental up over 5.5%, Xiaomi up 5.2% and Yum China up 3.6%. Li Auto, Nio and NetEase each gained at least 2.2%, while Alibaba slipped 0.6% and ASE Technology fell 5.7%. Among ETFs, CQQQ dropped 0.3% and KWEB rose 0.1%.

TREE NEWS update: Nvidia CEO Jensen Huang said CoreWeave’s strength is growing daily and that its cost of capital is “actually falling,” adding that Nvidia does not need to provide support to the company. His remarks came as CoreWeave’s credit risk gauge hit a record in early US trading Thursday, with implied default probability reaching 60%. CoreWeave shares pared losses during Huang’s comments.

TREE NEWS reports: The Dow Jones Industrial Average climbed more than 1% while the S&P 500 turned positive, and the Nasdaq’s decline narrowed to less than 0.3%. The Philadelphia Semiconductor Index was down more than 2%, while the bank index gained about 0.7%.

TREE NEWS reports: The Shanghai Stock Exchange’s STAR Market now hosts 134 listed ETFs tracking its indices, with combined assets of 351.6 billion yuan as of October 14. Twenty-eight STAR Market ETFs have been issued and listed so far this year, extending a steady expansion of the index and ETF lineup. No further details were disclosed.

TREE NEWS reports: The Nasdaq 100 narrowed its decline to less than 1%, touching a fresh intraday high for the session. The index had been down more sharply earlier before the losses were pared back.

TREE NEWS update: Huahai Pharmaceutical (600521.SH) said in a filing on the evening of Oct. 15 that its controlling subsidiary, Shanghai Huaotai Biopharmaceutical Co., plans a capital increase and share expansion, bringing in outside investors including the Yangtze River Delta Venture Investment Guiding Fund Partnership (Limited Partnership). No financial terms were disclosed.

TREE NEWS reports: The S&P Dow Jones CDX investment-grade index rose as much as 1.75 basis points to 62.3, its highest since April 2, as concerns over the sustainability of AI spending and rising costs intensified around CoreWeave’s record credit risk gauge. The high-yield index fell as much as 0.4 point to 105.73, its lowest since April 7. US credit and equity markets opened broadly weaker, with September producer prices rising at the fastest pace in more than four years.

TREE NEWS reports: CoreWeave Inc.’s credit risk hit an all-time high on Oct. 15, with the cost of five-year default protection rising as much as 74.5 basis points to 1,194.5 basis points intraday, the highest on record, ICE Data Services data showed. Credit default swaps now imply a more than 60% probability of default within five years. The AI cloud company’s 2031 bonds due at 9% fell about 3.3 cents to 79.9 cents on the dollar, yielding 15.6%.

TREE NEWS update: The Nasdaq-listed Tron treasury company has established a $200 million at-the-market share offering to raise capital for additional TRX purchases. The company already holds about $237 million in TRX tokens and said it will keep accumulating daily alongside the new raise.

TREE NEWS reports: Deutsche Bank said the recent selloff in CoreWeave shares is a buying opportunity. The bank’s analysts recommended investors use the pullback to build positions in the AI cloud computing company. No price target or further detail was disclosed.

TREE NEWS reports: Strategy’s STRC preferred stock, which pays 12% annually to fund bitcoin purchases, has raised no capital since May and traded as low as $74.57 in late June, roughly 25% below its $100 design price. Strategy began buying back the shares in late July, prompting questions about whether the buyback loop can be sustained.

TREE NEWS reports: The S&P 500 consumer staples sector rose 2.7%, its largest single-day gain since July 28. The move marks the sector’s strongest session in roughly three months and comes as investors rotate into defensive names. No further details were disclosed.

TREE NEWS update: Nasdaq has proposed rules that would immediately suspend and delist listed companies whose market value stays below $5 million for 30 consecutive days, aiming to curb pump-and-dump manipulation in small-cap shares. US domestic small businesses object that the one-size-fits-all threshold could catch otherwise healthy but volatile companies, hurting their financing. The SEC paused the proposal last month and will seek further public comment. More than 190 Nasdaq-listed companies are valued at $5 million or below, nearly half of them headquartered in the US.

TREE NEWS reports: ASML reported record third-quarter net sales of €11.7 billion, at the top end of its guidance, with a gross margin of 57.5%. On the quarterly analyst call, CEO Christophe Fouquet and CFO Roger Dassen pointed to exceptionally strong customer demand that extends beyond near-term needs into longer-term capacity planning. The company also discussed capacity bottlenecks and its pricing strategy.