Flash News

TREE NEWS reports: The China convertible bond index opened 0.08% higher. Leading gainers included Qiangda Convertible Bond (+30.00%), Hongtu, Lianrui, Dingtong, and Tonghe. Losers included Haoyuan, Sanjiang, Zhenyu Convertible Bond 02, Wankai, and Shenglan Convertible Bond 02.

TREE NEWS reports: A-share tourism stocks extended gains, with Yunnan Tourism hitting its second consecutive daily limit. Tibet Tourism, Caesar Tourism, Western Region Tourism, Nanjing Business Travel, and Junting Hotel opened higher.

TREE NEWS reports: Shanghai Composite opened at 3952.79 points, up 0.29%, while Shenzhen Component rose 0.73% to 13711.07. ChiNext gained 0.90%, CSI 300 added 0.50%, and STAR 50 led with a 1.05% increase. CSI 500 and CSI 1000 opened up 0.62% and 0.61% respectively.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.68% higher at 25,482.56 points on [date], while the Hang Seng Tech Index rose 0.71%. Lenovo Group gained over 3%, and JD Health advanced more than 2% in early trading.

TREE NEWS reports: Taiwan’s benchmark TAIEX opened 0.3% higher on [date not specified], reaching 46,325.48 points. The gain reflects positive market sentiment in the region.

TREE NEWS update: Broadcom CEO Hock Tan said six frontier AI customers drive most global AI compute demand. Google received Ironwood TPU v7 and TPU v8i, with multi-year deals worth hundreds of billions annually; OpenAI’s Jalapeno accelerator outperforms Grace Blackwell Ultra at half cost, with 1.3GW planned for FY2027. Entropic and Meta outlined multi-gigawatt deployments through 2028.

TREE NEWS reports: US ADP private payrolls rose by 38,000 in August, the lowest since January and below expectations, cooling bets on a September rate hike. Fed’s New York chief said inflation trends slowly downward as tariff effects fade. Oil price gains paused, easing inflation worries, helping US stocks end a three-day losing streak; Dell surged 16%.

TREE NEWS reports: Sci-tech investment is becoming a key earnings driver for Chinese brokerages, as they deepen布局 through alternative and private equity subsidiaries. Half-year data shows 36 of 43 A-share listed brokers’ alternative units and 34 private equity units turned profitable.

TREE NEWS update: Palo Alto Networks has agreed to acquire Console in a deal valued at $500 million, comprising cash and stock. The acquisition was reported by The Information. Console’s technology is expected to bolster Palo Alto Networks’ cybersecurity offerings, though specific details of the integration were not disclosed.

TREE NEWS reports: China’s 55 top-tier private securities funds held stakes in 264 listed A-share companies as of Q2 end, with a combined market value of 91.351 billion yuan. They newly entered 134 stocks, increased positions in 29, and trimmed only 25, favoring tech manufacturing while rebalancing existing holdings.

TREE NEWS reports: China’s social security and insurance funds have increased their holdings in ‘hard tech’ stocks, with the market value share rising from 7.62% to 12.62% and from 2.89% to 5.02% respectively since Q1. Policy guidance and allocation demand are driving long-term capital toward tech innovation, with both primary and secondary market positions expanding.

TREE NEWS update: Broadcom projects its AI chip revenue will double to about $115 billion in fiscal 2027 and surge to $230 billion the following year, reigniting confidence it can challenge Nvidia’s dominance. CEO Hock Tan also expects earnings per share to exceed $30 in fiscal 2028, beating Wall Street estimates.

TREE NEWS update: Broadcom’s CFO said the company expects fourth-quarter capital expenditure of $1.4 billion as it boosts investment in semiconductor production capacity. The figure reflects increased spending to expand manufacturing capabilities.

TREE NEWS reports: Broadcom shares reversed course to trade higher in after-hours trading. The move comes as investors digest the latest developments, though specifics were not detailed. The stock’s turnaround suggests renewed buying interest following earlier weakness.

TREE NEWS reports: Nearly half of S&P/ASX 200 companies reported profit surprises, with beats outpacing misses by 1.5 times, Bloomberg data shows. The strong results pushed the benchmark index to a record high in early August before gains narrowed, closing the month up 1.1%. MST Financial’s Hasan Tevfik remains optimistic, expecting earnings to continue beating expectations.

TREE NEWS update: Broadcom CEO Hock Tan said the company expects AI chip revenue to reach approximately $115 billion in 2027 and $230 billion in 2028. By the end of 2027, Broadcom aims to deliver third-generation chips to Meta. Tan also projects earnings per share of $30 in fiscal 2028.

TREE NEWS update: Broadcom’s CEO announced the company is collaborating with OpenAI to develop a third-generation XPU. The partnership aims to advance custom AI accelerator technology for OpenAI’s infrastructure needs. No additional details on timeline or specifications were provided.

TREE NEWS update: Broadcom CEO Hock Tan said the new Google TPU chip is as good as or better than Nvidia’s Vera Rubin, as the company begins volume shipments of the next-gen TPU 8I to Google this quarter, with increased deliveries expected in Q4. Broadcom also plans to accelerate Ironwood chip shipments to Anthropic and mass-produce Meta’s custom MTIA accelerator in Q4. The company raised its fiscal 2026 AI revenue guidance to $58 billion, up 186% year-over-year.

TREE NEWS reports: US stock index futures ended higher on Wednesday, September 2, with S&P 500 futures up 0.39%, Dow futures up 0.60%, and Nasdaq 100 futures up 0.06%. Russell 2000 futures gained 1.22%.

TREE NEWS reports: On Wednesday (Sept. 2), the US memory chip and hardware supply chain index rose 0.76% to 95.85 points, holding firm at high levels for most of the session. The index’s performance reflected steady demand in the sector.