Flash News

TREE NEWS update: The 4th Guangdong-Hong Kong-Macao Greater Bay Area Talent High-Quality Development Conference and the 3rd Greater Bay Area Doctoral and Postdoctoral Innovation and Entrepreneurship Competition opened on the 25th in Songshan Lake, Dongguan. The event is themed “Talents Gather in the Bay Area, Doctoral Innovation Shapes the Future.”

TREE NEWS reports: Global PC shipments totaled 57 million units in the third quarter, down 21% year over year and 13.8% from the previous quarter, as rising memory prices driven by AI demand chilled the market, Counterpoint Research data show. Consumers deferred purchases despite demand to replace old devices and migrate to a newer version of Windows. Lenovo shipped 15 million units, down 23% year over year, while holding the market lead with a 26.3% share.

TREE NEWS update: A gold mine collapsed in Sudan’s eastern Gedaref state on October 25, killing two miners and injuring three others, Sudan Mineral Resources Company said in a statement. The company did not give further details on the cause of the collapse or the condition of the injured miners.

TREE NEWS reports: A shooting near a stadium at Florida A&M University in Florida injured 12 people on the evening of the 24th, including several minors. The stadium was hosting homecoming celebrations that included a football game, and the violence occurred around 8 p.m. at an intersection near the venue.

TREE NEWS update: Iranian Foreign Minister Abbas Araghchi said on the 25th that the region has undergone “fundamental and strategic” change following the US and Israeli military strikes on Iran, and that the management of the Strait of Hormuz and its shipping routes “will not be the same as in the past.” Araghchi did not specify what the change entails or give a timeline for any new arrangements in the waterway.

TREE NEWS update: A 5.7-magnitude earthquake struck Baqing County in Nagqu City, Tibet, at 19:25 on October 25. The epicenter was located at 32.43 degrees north latitude and 93.99 degrees east longitude, with a focal depth of 10 kilometers.

TREE NEWS update: Yemen’s Houthi movement said on the 24th that it launched missile and drone attacks on seven targets inside Saudi Arabia, retaliating for Saudi strikes on Houthi-controlled areas over the previous 24 hours. The group gave no details on the targets or casualties. The exchange marks a fresh escalation between the two sides.

TREE NEWS update: Iran’s military said on the 25th that its air defenses shot down a US military drone over the southern city of Bandar Abbas. A statement on the Iranian army’s website said the aircraft, identified as a Low-Cost Unmanned Combat Attack System (LUCAS) drone, was hit and destroyed by Iranian air defense systems.

TREE NEWS reports: Tiger Research said prediction markets now provide real-time probability data that matches or beats traditional polls and expert surveys, citing adoption by Google Finance, CNBC, CNN, The Wall Street Journal, ICE and Tradeweb. A Federal Reserve working paper found Kalshi’s federal funds rate forecasts were perfect the day before FOMC meetings, outperforming fed funds futures, while an analysis of Limitless data showed 9 of 10 price buckets calibrated within 4 percentage points.

TREE NEWS update: Russian presidential aide Yuri Ushakov said Moscow is willing to resume trilateral negotiations involving Russia, the United States and Ukraine after November 4. Speaking on a television program broadcast on October 25, Ushakov described the trilateral talks as an initial contact and said expectations should not be set too high, adding that all sides still need to work toward a peace agreement.

TREE NEWS update: The Saudi-led multinational coalition said on October 25 that Saudi Arabia intercepted 10 ballistic missiles fired by Yemen’s Houthi movement toward southern Saudi Arabia. The Houthis have not yet responded to the claim. The coalition did not provide further details on the interception or any casualties.

TREE NEWS reports: Goldman Sachs strategists led by Timothy Moe cut their 12-month target for South Korea’s Kospi index by 25%, to 9,000 from 12,000, citing heightened concerns over the artificial intelligence trade. It is the bank’s first sharp downgrade this year after repeated upgrades. The benchmark has fallen more than 35% from its June high, and the revised target still implies over 60% upside from current levels.

TREE NEWS reports: Bitcoin’s 30-day high-low spread has narrowed from 13% to 6%, with the price confined to an $80,000–$86,000 range for nine consecutive days, analyst Axel Adler Jr. said. The price rebounded after touching the 365-day simple moving average and closed at $80,500, a 30-day low. A narrowing range typically ends in a breakout, with $86,000 as key resistance and the 365-day SMA as support.

TREE NEWS update: Tianqi Lithium reported net profit attributable to shareholders of 5.602 billion yuan for the first three quarters of 2026, up 3013.86% year on year, on revenue of 18.279 billion yuan, up 147.11%. Third-quarter revenue was 6.037 billion yuan, up 135.40%, with net profit of 1.36 billion yuan, up 1323.97%. The company attributed the growth to higher average selling prices and volumes of lithium products and a large increase in investment income from SQM.

TREE NEWS reports: Nomura Securities said market concerns over the outlook for artificial intelligence investment are “overdone,” and that the memory chip shortage will persist until 2028. The firm said the memory sector’s valuation is already severely undervalued. Nomura made the remarks in a research view dated October 25.

TREE NEWS update: Riyadh’s King Khalid International Airport said it will partially resume operations from January 25, with Terminal 1 handling domestic flights and Terminal 2 serving international flights operated by the Saudi national carrier. The airport advised passengers with confirmed bookings to contact their airline to verify booking and flight status before traveling to the airport.

TREE NEWS update: China’s Special Envoy for Middle East Affairs Zhai Jun met with Saudi Foreign Ministry adviser Prince Khalid in Beijing on October 21, 2026, exchanging views on China-Saudi relations and the Middle East situation. Zhai said bilateral ties have developed rapidly under the strategic guidance of both countries’ top leaders, and that China supports the sovereignty and security of regional states including Saudi Arabia and the resolution of disputes through dialogue and negotiation.

TREE NEWS reports: Some Chinese mutual fund companies are winding down QDII segregated account products as they adjust the proportion of QDII investment quotas allocated to public versus segregated accounts, a fund industry source said. Early this year, several fund firms were notified to cap QDII quota used for segregated accounts at 20% by the end of 2027. The adjustment is accelerating across the industry.

TREE NEWS update: US President Donald Trump said on October 24 that Washington could strike Iran again at any time, or reach a deal, while declining to tell reporters which. Speaking after casting his midterm ballot in West Palm Beach, Florida, Trump was asked whether another attack on Iran was possible and said he would not disclose such information to the media.

TREE NEWS reports: A Polymarket account with cumulative losses exceeding $30,000 (0x88b21efc4aa4e08cdc125300ad6b3a520811e1d1) bought $360,000 of “Fed will keep rates unchanged in October” at an average entry price of 85.5¢, for 377,658.3 shares. The position is a bet that the Federal Reserve will hold rates steady at its October meeting.