Flash News

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.

TREE NEWS reports: South Korea’s KOSPI extended its decline to 5.1%, closing at 6,061.82 points, with chipmakers leading the selloff. SK Hynix dropped more than 7% and Samsung Electronics fell nearly 6%. The MSCI Asia-Pacific index also slipped 1% to 270.78 points.

TREE NEWS update: The Korea Exchange activated its sidecar mechanism, suspending program selling on the KOSPI. The circuit-breaker-style tool is invoked when futures prices move sharply, temporarily blocking algorithmic sell orders on the main board. The move halts program trading on the sell side for the duration of the activation.

TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges fell by a combined 4.696 billion yuan to 2.517 trillion yuan as of October 12, down from the previous trading day. The Shanghai bourse’s margin balance dropped 2.271 billion yuan to 1.289 trillion yuan, while Shenzhen’s fell 2.425 billion yuan to 1.228 trillion yuan.

TREE NEWS reports: CSC Financial advised investors to adopt a balanced portfolio strategy for the fourth quarter, recommending increased allocation to quality centrally-owned state enterprises in coal, power, real estate and banking. The brokerage said the sharp rise in tech stocks and steep decline in traditional sectors in the first half of 2026 created a valuation gap, with upgrades, professional consolidation and efforts to curb “involution-style” competition set to bring turnaround opportunities for undervalued sectors.

TREE NEWS reports: South Korea’s KOSPI opened lower on Tuesday, October 13, dropping 4.49% to 6,097.34 points. SK Hynix and Samsung Electronics each fell more than 4%. The decline extended as the session got underway.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.7% lower and South Korea’s Kospi fell 3.1% at the open. Samsung Electronics dropped 3% and SK Hynix slid 4% in early Seoul trading. The declines mark a weak start for the two Asian benchmarks.

TREE NEWS reports: US stocks closed mixed among major tech names, with Meta up over 3% and Apple and Microsoft each up more than 1%, while Nvidia, Amazon, Tesla and Broadcom each fell more than 1%. Storage, optical communications and computer hardware shares led declines: Quantum down over 9%, Corning 6%, SanDisk nearly 6%, SK Hynix and Super Micro over 4%, and Micron and Seagate over 3%.

TREE NEWS update: SpaceX is integrating subscription plans for Grok, Cursor and X, consolidating the three services into a single offering. The move links xAI’s AI chatbot, the AI coding tool Cursor and the social platform X under one subscription structure. No pricing, launch date or further terms were disclosed.

TREE NEWS reports: Six Chinese PCB supply-chain companies listed on the A-share market have issued preliminary earnings guidance for the third quarter or first nine months of 2026, with all of them expecting a substantial year-on-year rise in net profit attributable to shareholders, Wind data showed as of October 12. The disclosures mark a dense reporting period for the sector.

TREE NEWS reports: The total scale of dividend-focused funds in China’s market surpassed 420 billion yuan, reaching 422.807 billion yuan as of October 12, up 20.58% from a year earlier, Wind data showed. A total of 54 such products were launched during the year, as persistent inflows and a wave of new offerings from institutions lifted the category’s assets amid choppy and rotating A-share trading.