Flash News

TREE NEWS reports: A-share PCB-related stocks kept climbing in afternoon trading, with Xunjiexing, Jinbaize, Junya Technology, Chaozhou Chaojian Electronics, Xiehe Electronics and Aohong Electronics among several hitting the daily limit up. Zecheng Electronics, Benchuan Intelligent, Mankun Technology and Taijin New Energy each rose more than 10%.

TREE NEWS update: Germany releases final September CPI at 14:00 Beijing time, while Goldman Sachs, Citigroup, JPMorgan, Wells Fargo, Johnson & Johnson and UnitedHealth report earnings before the US open. Fed Governor Waller speaks at Bloomberg’s New Economy Forum on AI-era economic policy, and Chicago Fed President Goolsbee gives two interviews. OPEC publishes its monthly oil market report, Apple holds a smart-home product launch, and US September existing-home sales and government budget data are due.

TREE NEWS reports: China’s Shanghai Composite Index ended the morning session at 3787.16, down 0.27%, while the Shenzhen Component fell 0.78% to 12288.40. The ChiNext Index dropped 0.95% to 2935.54, the CSI 300 slipped 0.57% to 4263.40, and the STAR 50 lost 0.68% to 1417.07. The CSI 500 and CSI 1000 each declined 0.70% and 0.68%, closing at 7043.02 and 6974.00 respectively.

TREE NEWS reports: China’s three major A-share indexes fell at the midday close on October 13, with the ChiNext Index down 0.95%, the Shenzhen Component down 0.78% and the Shanghai Composite down 0.27%. More than 3,500 stocks declined across the Shanghai, Shenzhen and Beijing exchanges, while combined morning turnover reached 1.02 trillion yuan. PCB concept stocks rose against the trend, with Xiehe Electronics, ChaoSonic Electronics and Aohong Electronics hitting the daily limit.

TREE NEWS update: Evernorth Holdings completed its business combination with SPAC Armada Acquisition Corp. II on Oct. 9 and began trading on Nasdaq under the ticker XRPN on Oct. 12, opening more than 15% higher before closing at $16.9. The combined company holds about 473 million XRP and $300 million in cash proceeds, and positions itself as an actively managed treasury aimed at lifting ‘XRP per share.’

TREE NEWS update: Zunjie Auto published a third-party inspection report on the Zunjie V800 brake pedal controversy. The Douche test driver known as “Dongmen” responded with multiple posts questioning the findings, asking whether static and dynamic loading are equivalent, whether PP polypropylene plus GF40 behaves the same under static versus instantaneous dynamic loads, and noting the 20mm-per-minute loading rate. He also asked why the vehicle should be upgraded if it already passed, and where the testing agency’s seal is.

TREE NEWS reports: South Korea’s KOSPI closed down 3.65% at 6,384.25 on October 12, with Samsung Electronics falling 4.39% to 250,500 won and SK Hynix dropping 4.52% to 1,605,000 won. Foreign investors net sold nearly 2 trillion won of Korean stocks that day, about 29.7 trillion won over the past month. The index has fallen almost 32% from its June 22 high of 9,385.59.

TREE NEWS reports: China A-share printed circuit board (PCB) concept stocks staged a volatile rebound, with Aohong Electronics and Xiehe Electronics both hitting the daily limit up. Chaosheng Electronics had earlier sealed its limit-up board, while Xunjie Xing gained more than 15%. Benchuan Intelligent, Yidun Electronics and Mankun Technology were among the other top gainers.

TREE NEWS reports: Japan’s Nikkei 225 fell 2.5% and the Topix dropped 0.5% by the morning session close in Tokyo. The split performance left the broader Topix index far less affected than the blue-chip Nikkei average.

TREE NEWS reports: Hong Kong’s Hang Seng Index dropped more than 1% on the day, with Haidilao, WuXi Biologics and Hua Hong Semiconductor each falling over 5%. The decline was led by consumer and healthcare names alongside semiconductor maker Hua Hong.

TREE NEWS update: CanSemi Semiconductor listed on October 13, becoming the first wafer foundry on ChiNext. The company is Guangdong’s first 12-inch wafer manufacturer to reach mass production and mainland China’s only 12-inch silicon photonics wafer production platform. GAC Capital, which backed CanSemi’s Series A and B rounds in 2021 and 2022, said its core thesis was improving self-sufficiency in automotive semiconductors.

TREE NEWS reports: Indonesia’s and the Philippines’ benchmark stock indices each fell 1% during intraday trading. The declines mark a day of losses for both Southeast Asian equity gauges.

TREE NEWS reports: The ChiNext Index’s decline narrowed to 1.9%, recovering from an earlier drop of more than 3%. The index had been down over 3% before the pullback in losses. No further details on the move were immediately available.

TREE NEWS reports: The MSCI Asia-Pacific Index dropped 2% to 268.03, a broad decline across the region’s equities. The move reflects selling pressure across Asia-Pacific markets in the session.

TREE NEWS reports: The Hang Seng Tech Index extended its intraday decline to 2%, marking a sharp pullback in Hong Kong-listed technology shares. The move reflects broad selling pressure across the index’s constituents during the session.

TREE NEWS reports: China’s ChiNext Index and STAR 50 Index each fell more than 3%, while the Shanghai Composite slipped 1.14% and the Shenzhen Component dropped 2.24%. Semiconductors, computing hardware, consumer electronics and battery-related sectors led the declines, with more than 4,900 stocks falling across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS reports: Chinese baijiu stocks rallied against a weaker broader market, with Huangtai Liquor surging straight to its daily limit-up. Jinshengzi Liquor, Jinhuijiu, Jiugui Liquor, Shuijingfang, Shede Spirits and Tianyoude Liquor all followed with gains. The sector-wide move came as the wider market traded lower.

TREE NEWS reports: China’s major stock indices opened lower on the day, with the Shanghai Composite down 0.96% at 3760.80 and the Shenzhen Component falling 1.79% to 12163.23. The ChiNext Index dropped 2.18% to 2899.15, the CSI 300 slipped 1.19% to 4236.95, and the STAR 50 lost 2.61% to 1389.53.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.41% lower at 24,172.09 points, while the Hang Seng Tech Index dropped 0.96%. MINIMAX fell more than 4%, with Zhipu and Iluvatar CoreX each down over 3%.

TREE NEWS reports: Taiwan’s TAIEX weighted stock index fell 1.5% to 48,564.60 points in early trading. The drop marks a weaker opening for Taipei equities.