Flash News

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.

TREE NEWS update: Bank of America’s fixed income trading revenue fell 17% to $2.55 billion and equities trading revenue dropped 10% to $25.1 billion in the latest quarter, both missing expectations, the bank said Wednesday. BofA also recorded a $1.2 billion non-deductible charge tied to anti-money-laundering and sanctions penalties announced by the U.S. Treasury on Tuesday, cutting net income by 17 cents per share.

TREE NEWS update: Bank of America’s chief financial officer said the bank has worked with regulators to resolve sanctions-related issues. The CFO disclosed the engagement with authorities but did not specify the nature of the issues, the regulators involved, or any financial penalties. No further details were provided.

TREE NEWS reports: Bank of America’s chief financial officer said the bank has worked with regulators to resolve issues related to sanctions. The CFO disclosed discussions with authorities but did not specify the nature of the issues, the regulators involved, or any financial penalties. No further details were provided.

TREE NEWS reports: Bank of America’s Chief Financial Officer (CFO) said the bank has been working with regulators to resolve issues related to sanctions. The CFO disclosed discussions with authorities but did not specify the nature of the issues, the regulators involved, or whether monetary penalties were imposed. No further details were provided.

TREE NEWS reports: Morgan Stanley reported third-quarter net revenue of $20.34 billion, topping the $19.89 billion estimate, with earnings per share of $3.03. Net interest income came in at $3.25 billion versus $27.8 billion expected. Equity sales and trading revenue reached $5.80 billion and FICC sales and trading $2.01 billion, while wealth management net revenue of $9.07 billion slightly missed the $9.11 billion estimate. The bank’s shares fell 0.5% in premarket trading.

TREE NEWS update: Morgan Stanley reported third-quarter net revenue of $20.34 billion, beating estimates of $19.89 billion. Earnings per share were $3.03. Net interest income came in at $3.25 billion, falling short of the $27.8 billion estimate. Equity sales and trading revenue reached $5.8 billion, while FICC sales and trading totaled $2.01 billion. Wealth management net revenue came in at $9.07 billion, slightly below the $9.11 billion estimate. The bank’s shares fell 0.5% in premarket trading.

TREE NEWS update: Maxwell Technologies announced it will commit RMB100 million as a limited partner to the Guangzhou Zhongxing Lixin Venture Capital Fund, accounting for 11.3636% of the fund’s RMB880 million current subscription scale. Chairman Zhou Jian will also subscribe RMB100 million as a limited partner, making the investment a related-party transaction. The fund targets unlisted hard-tech and frontier companies in next-generation electronics, display technology, integrated circuits, new energy and storage, and new materials.

TREE NEWS update: Alphabet began rolling out Gemini 4 Argon to Google AI Pro and Ultra subscribers in the Gemini app on Monday, October 13, widening availability of a model first introduced September 30. Alphabet Class A shares closed that day at $353.78, up about 0.30%. The rollout expands access rather than launching a new model, and the company has yet to show how AI features convert into search, cloud or subscription revenue.

TREE NEWS reports: Bank of America reported third-quarter earnings per share of 91 cents. FICC trading revenue excluding debt valuation adjustments came in at $2.55 billion against an estimated $2.86 billion, while equities trading revenue excluding DVA was $2.51 billion versus an estimated $2.63 billion. The bank’s US shares fell more than 3% in premarket trading.