Flash News

TREE NEWS update: XPeng Chairman and CEO He Xiaopeng said the MONA line averages 14,000 units sold per month, with 91% of orders going to high-end driver-assist variants, speaking at the MONA L05 launch event. He said driver assist has become the core factor in customers’ car-buying decisions, and more than half of MONA owners use it daily.

TREE NEWS reports: Alphabet shares extended their decline to 13.7%, marking the largest single-day percentage drop in the company’s history. The move deepens losses for the Google parent’s stock, though no specific catalyst for the selloff was given. The record decline comes as one of the steepest one-day falls for any major US technology company.

TREE NEWS reports: Alphabet shares fell 13% on Monday, putting the company on course to lose nearly $490 billion in market value. The drop marks one of the largest single-day declines in value for the Google parent, though the material did not specify a cause for the move.

TREE NEWS reports: The three major US stock indexes opened lower, with the Dow down 0.45%, the S&P 500 down 0.5% and the Nasdaq down 1.35%. Alphabet fell more than 11% after its Q3 revenue missed expectations and cash burn intensified, dragging AI software stocks lower. ServiceNow dropped 22%, its biggest intraday decline since 2016, while Caterpillar fell 12% at the open, now 40% below its June high.

TREE NEWS reports: The S&P 500 opened 44.37 points lower, down 0.57% at 7,699.61. The Dow Jones Industrial Average fell 388.97 points, or 0.74%, to 52,086.13, while the Nasdaq Composite dropped 348.03 points, or 1.31%, to 26,201.82.

TREE NEWS update: Wuliangye Group, acting in concert with the controlling shareholder, bought 36.9497 million Wuliangye shares between May 7 and Oct. 29, 2026, raising its stake by 0.95% of total shares for 2.714 billion yuan. Its holding rose from 20.65% to 21.60%, and the combined stake with Yibin Development Holding climbed from 55.08% to 56.03%, crossing a 1% threshold. The purchase does not trigger a tender offer or change control, and the plan is not yet complete.

TREE NEWS reports: Selling new common shares above net asset value increases assets per share for crypto treasury companies, while selling below NAV dilutes holders even when crypto prices are unchanged. The dynamic means the same crypto holdings can translate into more or less crypto per share depending on issuance price relative to NAV.

TREE NEWS update: SF Holding plans to acquire all issued shares of SF Logistics, a wholly owned subsidiary of SF Real Estate Investment Trust, for a total consideration of HK$2.611 billion through an overseas wholly owned subsidiary, including the transfer of outstanding intercompany balances at closing. The deal requires approval from independent fund unitholders and third-party and regulatory clearances. Upon completion, SF Logistics will become a wholly owned subsidiary of SF Holding, and SF REIT will be terminated, liquidated and delisted from the Hong Kong Stock Exchange.

TREE NEWS update: SF Holding reported third-quarter 2026 revenue of 82.22 billion yuan, up 4.9% year on year, with net profit attributable to shareholders rising 5.5% to 2.71 billion yuan. Non-recurring net profit climbed 13.8% to 2.53 billion yuan. For the first nine months, revenue reached 237.727 billion yuan, up 5.53%, while net profit fell 1.12% to 8.215 billion yuan.

TREE NEWS reports: Oppenheimer lowered its price target on Alphabet to $355 from $440, the research firm said. The cut reduces the brokerage’s implied valuation for the Google parent by $85 per share. No further details were provided.

TREE NEWS update: *ST Wintech said on its investor interaction platform on Oct. 29 that third-quarter revenue declined quarter-on-quarter, mainly because overseas wafer supply is currently constrained. The company is switching supply chains and ramping domestic production lines, which has limited the part numbers it can deliver. It said the current revenue mix reflects temporary capacity constraints and that revenue contributions from downstream segments are expected to recover as domestic wafer supply improves and capacity ramps up.

TREE NEWS reports: STAR Market broad-based ETFs attracted a net inflow of RMB 18.7 billion in the week to October 28, with the STAR 50 ETF alone taking in RMB 16.7 billion. The figures indicate sustained incremental capital moving into the Shanghai tech board’s flagship index products.

TREE NEWS reports: WuXi AppTec was collectively increased by public mutual funds in the third quarter, with Wind data showing the company rose to become the third-largest holding among active funds as of the end of Q3 2026. Institutions expect the innovative drug supply chain sector’s sentiment may continue to improve.

TREE NEWS update: Luxshare Precision reported third-quarter 2026 revenue of RMB 110.507 billion, up 14.62% year on year, with net profit attributable to shareholders of RMB 5.214 billion, up 6.98%. Non-GAAP net profit rose 11.91% to RMB 4.412 billion. The company guided full-year 2026 net profit to RMB 19.09-19.92 billion, up 15.00%-20.00% from RMB 16.6 billion, citing deepening core businesses in consumer electronics, communications and data centers, and automotive electronics.

TREE NEWS update: Hua Hong Semiconductor and AMEC jointly proposed share buybacks on Oct. 29 with a combined upper limit of 1 billion yuan ($140 million), the two STAR Market chipmakers said. Hua Hong Chairman and President Bai Peng proposed repurchasing 300-500 million yuan of A-shares — the company’s first buyback since its A-share listing — while AMEC set a 400 million yuan floor, exceeding its prior actual buyback of 301 million yuan.

TREE NEWS update: De Ke Li announced a plan to invest about 1.2 billion yuan ($165 million) in a project to expand production capacity for high-end optical connectivity products used in AI compute and data centers. The investment covers 300 million yuan for land and construction, 850 million yuan for equipment, and 50 million yuan for working capital. The project will build production lines for DCI, high-speed optical modules including coherent modules, and OCS, and still requires shareholder approval.

TREE NEWS reports: Freddie Mac reported third-quarter pre-tax profit of $4.02 billion, ahead of the $3.83 billion estimate. Net interest income for the quarter came in at $5.88 billion, also above the $5.8 billion expected. The government-sponsored mortgage giant’s results cover the quarter ended Sept. 30.

TREE NEWS update: *ST Wintech said on its investor interaction platform that it has reached a confidentiality arrangement with the management of Dutch-based Nexperia covering negotiations, which both sides must strictly observe. The company said it will disclose any major decisions or information meeting listing disclosure standards through formal announcements, and warned that progress and outcome are uncertain given cross-border judicial procedures and cross-border corporate governance issues. It said it will use all possible means to protect the interests of the company and all shareholders.

TREE NEWS reports: A total of 1,141 A-share listed companies disclosed subscriptions to wealth-management products, including deposits, in the first three quarters of 2026, with cumulative subscriptions exceeding 852 billion yuan across nearly 13,000 products. Deposits, especially structured deposits, remained the largest allocation at 76.6%, while the share of bank wealth-management products declined and broker, trust and other asset-management products rose.

TREE NEWS update: Microsoft plans to raise at least $25 billion through a US bond issuance. The company is tapping the investment-grade debt market with the sale, which targets a minimum of $25 billion in proceeds. No further terms, including pricing or maturity, were disclosed.