Flash News

TREE NEWS reports: US sector ETFs opened mixed on Wall Street, with the semiconductor ETF down nearly 2% and the regional banking ETF off 1.6%. Healthcare and consumer staples ETFs each rose more than 1%. The split start reflects uneven sector performance in the opening minutes of the session.

TREE NEWS update: Kingboard Laminates issued its latest price-hike notice, raising selling prices of laminates and PP using 2116 and thinner glass fabric by 15%, citing strong thin-fabric demand and sharply higher prices for upstream glass fabric and glass yarn. It is the company’s eighth price increase this year, and unlike previous months, this round covers only thin-fabric products, with thick-fabric products excluded.

TREE NEWS reports: US stocks opened lower after CPI came in above expectations, firming rate-hike bets, with the Dow down 0.2%, the S&P 500 down 0.5% and the Nasdaq down 0.6%. Bank of America fell about 8%, its biggest drop since April 2025, on weaker-than-expected third-quarter results, and Morgan Stanley slid about 5% after reporting. Memory and optical names fell broadly, with SK Hynix down 4% and Marvell down 3%.

TREE NEWS reports: The S&P 500 opened down 31.27 points, or 0.40%, at 7,774.18. The Nasdaq Composite fell 172.74 points, or 0.63%, to 27,031.64, while the Dow Jones Industrial Average opened 14.65 points higher, up 0.03%, at 51,684.75.

TREE NEWS reports: K33 argues that Strategy could accumulate more bitcoin over time by relying on common stock issuance instead of preferred shares. The preferred stock financing route carries a higher cost that may weigh on the company’s bitcoin holdings. No figures or dates were disclosed.

TREE NEWS update: Berkshire Hathaway has invested an additional $330 million in Italian technology company Bending Spoons, deepening its stake in the Milan-based software firm. The follow-on investment was disclosed without further terms. Bending Spoons owns a portfolio of consumer apps including Evernote and WeTransfer.

TREE NEWS update: Indian telecom operator Jio Platforms will sell 270 million shares in its initial public offering in India, with the subscription window opening on Oct 21 and closing on Oct 23. The offering marks a large listing for the telecom unit.

TREE NEWS update: Ping An Electric announced a plan to issue A-shares to no more than 35 qualified specific investors, raising up to RMB 1.3 billion. Proceeds will fund a Thailand mica insulation materials base (RMB 222 million), a Thailand electronic fabric base (RMB 425 million), a high-performance electronic fabric base (RMB 352 million) and RMB 300 million for working capital. The board approved the plan; it still needs shareholder and regulatory approval.

TREE NEWS reports: Netflix is cutting about 6% of its workforce, roughly 1,000 jobs, in its largest round of layoffs since 2022. The reductions will mainly hit the product, technology, legal and human resources departments.

TREE NEWS reports: China’s aggregate financing rose by 3.55 trillion yuan in September, with new yuan loans at 1.08 trillion yuan, both rebounding sharply from the prior month. Meanwhile, US September CPI came in at 3.7% year-on-year, with core CPI at 2.6%, beating expectations and driving up bets on an October rate hike. ASML posted Q3 profit of 4.96 billion euros, far above expectations, and raised its full-year outlook.

TREE NEWS reports: Bank of America shares fell nearly 8% in pre-market trading after its third-quarter revenue, net of interest expense, came in at $29.96 billion, below expectations. The bank’s equities and fixed-income trading businesses also underperformed, and results were further weighed down by a charge tied to regulatory penalties over anti-money-laundering and sanctions violations.

TREE NEWS update: Fuxiang Pharmaceutical said it received notice from a supervisory authority on October 14, 2026 that Bao Jianhua, its controlling shareholder, actual controller and chairman, has been placed under detention by the authority. The company disclosed the notice in a filing. No further details were provided.

TREE NEWS reports: US September unadjusted CPI rose to 3.7% year-on-year, with core CPI climbing to 2.6% from 2.4% in August, the first uptick since May, the Bureau of Labor Statistics reported. The data, driven by a fuel price rebound tied to the Iran war, sent Treasury yields higher, gold and silver sharply lower and the dollar index up, while markets increased bets on three more Federal Reserve rate hikes by end-2027.

TREE NEWS reports: Morgan Stanley reported higher third-quarter profit, with equity trading revenue of $5.8 billion beating analysts’ $4.9 billion estimate. The bank’s wealth management unit drew a record $23.2 billion in net new assets, half of which Morgan Stanley said was tied to IPOs. Its investment banking business participated in several large listings this year, including SpaceX.

TREE NEWS reports: Strategy’s preferred stock STRC is closing in on its $100 par value, a level that could make the company a top buyer of Bitcoin again. As STRC approaches par, the preferred issuance gives Strategy renewed capacity to fund purchases, potentially displacing Michael Saylor as the second-largest buyer. The move comes as the company continues to expand its Bitcoin treasury strategy.

TREE NEWS update: Rongsheng Petrochemical said it expects net profit attributable to shareholders of 7.8 billion to 8.2 billion yuan for the first three quarters of 2026, up 777.93% to 822.95% from 888 million yuan a year earlier. Recurring net profit is guided at 7.7 billion to 8.1 billion yuan, a gain of 620.12% to 657.53%, with basic earnings per share of 0.81 to 0.85 yuan.

TREE NEWS update: Fitch Ratings affirmed Tencent Holdings’ long-term issuer default rating at ‘A’ with a stable outlook, the ratings agency said. The affirmation keeps the Chinese technology and social media group one notch below the ‘AA’ category in Fitch’s scale. No further details of the rating action were disclosed.

TREE NEWS reports: Fitch Ratings said it has maintained Tencent Holdings’ long-term issuer default rating at ‘A’ and assigned a ‘Stable’ outlook. This affirmation means the Chinese tech and social media group remains one notch below the ‘AA’ category in Fitch’s rating scale. No further details on this rating action were disclosed.

TREE NEWS update: Fitch Ratings said it has maintained Tencent Holdings’ long-term issuer default rating at ‘A’ with a ‘Stable’ outlook. This affirmation means the Chinese technology and social media group remains one notch below the ‘AA’ category in Fitch’s rating scale. No further details on this rating action were disclosed.

TREE NEWS reports: Main-force funds sold a combined roughly 4.77 billion yuan of four Chinese AI hardware names, led by optical module maker Zhongji Innolight with 1.714 billion yuan of net selling and Eoptolink with 1.480 billion yuan. GigaDevice and ChangXin Memory were also among the top main-force net sellers. Across the market, 126 stocks saw net outflows above 100 million yuan versus 61 with net inflows above that level.