Flash News

TREE NEWS update: GAC Group’s Yinpai Battery produced its 300,000th battery pack on Wednesday, the company said. Feng Yu, vice president of GAC’s Hyptec Aion business unit, said many automakers’ in-house efforts are limited to pack integration and BMS applications while still sourcing core cells externally, whereas GAC develops everything from materials and cells to packs in-house. He said controlling core battery technology and product definition is needed for healthier development.

TREE NEWS update: Shanghai-listed Fudan Microelectronics said it expects net profit attributable to shareholders of 950 million to 1.15 billion yuan for the first three quarters, up 187.63% to 248.18% year on year, on revenue of 3.45 billion to 3.65 billion yuan, up 14.07% to 20.68%. Recurring net profit is seen at 700 million to 850 million yuan, up 130.97% to 180.47%. The company cited higher revenue and gross margins across product lines, a sharp drop in inventory write-downs and gains on strategic placement shares.

TREE NEWS update: GigaDevice announced it repurchased 145,200 A-shares on the Shanghai Stock Exchange on October 15, 2026, at prices between 271.43 yuan and 281.29 yuan per share, for a total of 40.0343 million yuan. The shares represent 0.02% of the company’s existing issued shares excluding treasury stock and will all be cancelled. As of that date, GigaDevice’s total issued shares stood at 670,718,327, with zero treasury shares.

TREE NEWS update: Apple’s Double 11 promotion starts Oct. 20 on its Tmall official flagship store, where the iPhone 18 Pro and iPhone 18 Pro Max launched this fall can use a 300 yuan Tmall coupon plus an additional 500 yuan government trade-in subsidy. The iPhone 17 is cut by 1,000 yuan with the same 500 yuan national trade-in subsidy. Apple’s Douyin flagship store has also launched Double 11 discounts, including an extra Douyin trade-in subsidy for the iPhone 18 Pro.

TREE NEWS update: Han’s Laser said it expects net profit attributable to shareholders of 2.12 billion to 2.22 billion yuan for the first three quarters of 2026, up 145.55% to 157.13% year on year. The company attributed the gain to sharply higher orders and revenue across PCB equipment, consumer electronics equipment, lithium-battery and semiconductor equipment, and general industrial laser processing. New orders signed in the period reached about 24.3 billion yuan, up roughly 90%, with an undelivered order backlog of about 8.9 billion yuan at end-2025.

TREE NEWS reports: The Cboe Volatility Index (VIX), Wall Street’s so-called fear gauge, touched a two-week high on October 15, rising 0.69 point to 17.56. The move marks the index’s highest level in two weeks.

TREE NEWS update: Hengyi Petrochemical said it expects attributable net profit of 7.9 billion to 8.1 billion yuan for the first three quarters of 2026, up 3,318.59%-3,405.13% from 231 million yuan a year earlier. Non-recurring net profit is seen at 7.83 billion to 8.03 billion yuan, with basic earnings per share of 2.30-2.36 yuan, driven by full-load operations at its Brunei refinery and strong sales of its caprolactam-polyamide project. The figures are unaudited.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed down 1.03% and the Hang Seng Tech Index fell 2.72%. GDS Holdings dropped about 16%, Lenovo Group about 15%, YOFC about 13%, MINIMAX about 12%, Zhipu about 10%, Hua Hong Semiconductor about 8% and CATL about 4%.

TREE NEWS reports: US-listed memory-chip stocks fell in premarket trading, with SK Hynix down about 6%, SanDisk about 5%, and Western Digital, Micron Technology and Seagate Technology each about 4% lower. TSMC dropped about 2% after the company released its third-quarter earnings.

TREE NEWS reports: ASML reported record third-quarter 2026 net sales of €11.662 billion, up about 55% year on year, with net profit of €4.96 billion, up roughly 133%, and basic EPS of €12.95, above the roughly €10.7 consensus. About €500 million of net profit came from a valuation gain on its Mistral AI stake. ASML said 2027 and 2028 equipment capacity cannot fully meet customer demand, with some clients seeking 2029 and 2030 bookings. Its US ADRs fell about 3.9%.

TREE NEWS reports: Bitcoin ETFs have recorded $151 million in net outflows since Monday, extending a retreat that saw investors withdraw $681 million the previous week. XRP funds ran against the trend, drawing inflows while bitcoin products bled. The combined weekly pullback from bitcoin ETFs now stands at about $261 million across the two periods.

TREE NEWS reports: Ericsson shares rose 10% in European trading after the telecom equipment maker reported third-quarter earnings that beat expectations. The gain marks a sharp single-session move for the Swedish company’s stock, which trades in Europe. No further figures were disclosed.

TREE NEWS reports: China’s three major A-share indices closed lower, with the ChiNext Index falling 2.92%, the Shenzhen Component down 2.43% and the Shanghai Composite off 1.59%. More than 5,100 stocks declined across the Shanghai, Shenzhen and Beijing exchanges, while total turnover exceeded 1.64 trillion yuan. Broad-based ETFs drew heavy late-session volume, with E Fund’s ChiNext ETF and ChinaAMC’s STAR 50 ETF each trading over 10 billion yuan, and E Fund’s CSI 300 ETF topping 15 billion yuan, a near nine-month high.

TREE NEWS reports: European equities opened lower on the day, with the Euro Stoxx 50 down 1%. Germany’s DAX fell 0.6% and France’s CAC 40 slipped 0.2%, while the UK’s FTSE 100 opened flat.

TREE NEWS reports: The Shanghai Composite closed down 1.59% at 3,707.48, with the Shenzhen Component dropping 2.43% to 11,816.79 and the ChiNext Index falling 2.92% to 2,783.17. Smaller-cap gauges led the decline, as the CSI 500 slid 3.02% to 6,769.25 and the CSI 1000 lost 3.28% to 6,678.65. The CSI 300 closed 1.23% lower at 4,166.01 and the STAR 50 fell 1.50% to 1,359.52.

TREE NEWS reports: E Fund’s CSI 300 ETF (510310) saw trading volume surge past 12 billion yuan in late-session trading, more than 14 times the previous day’s turnover. The sharp spike came as the session headed into the close.

TREE NEWS reports: Zhongji Innolight’s A-share turnover exceeded 20 billion yuan as the stock fell 5.08%. The Shenzhen-listed optical module maker saw heavy trading volume alongside the decline. No further details were disclosed.

TREE NEWS reports: Turnover in Chinese equity ETFs topped 167 billion yuan, up nearly 40% from 119.3 billion yuan the previous day, marking the highest level in about two months. The prior peak was 208.9 billion yuan on August 19. The figures cover overall stock-type ETF trading volume.

TREE NEWS reports: China’s A-share semiconductor equipment sector rose in partial trading, with Beijing Jingyi Equipment climbing more than 7%. Huahai Qingke, NAURA Technology, AMEC and Changchuan Technology also advanced.

TREE NEWS update: TSMC’s CEO said the company is considering Texas as a potential site for expansion. The chipmaker has also held talks with Elon Musk’s Terafab on production capacity. No figures, timelines or final decisions were disclosed.