Flash News

TREE NEWS reports: As of Oct. 12, 21 companies have completed delisting from China’s A-share market this year, spanning financial-type, major-violation forced, trading-type and voluntary delistings. Financial-type delistings accounted for 13 and major-violation forced delistings for 4, together exceeding 80% of the total. The report said a normalized, diversified delisting mechanism is reshaping the capital market ecosystem.

TREE NEWS update: The Reserve Bank of Australia releases minutes of its September monetary policy meeting at 08:30 Beijing time, followed at 10:00 by the IMF’s World Economic Outlook. Goldman Sachs, Citigroup, JPMorgan, Wells Fargo, Johnson & Johnson and UnitedHealth report earnings before the US open. Apple holds a smart-home product launch, and Fed Governor Waller speaks on economic policy at Bloomberg’s New Economy Forum.

TREE NEWS reports: Analysts expect non-financial A-share companies to post continued high earnings growth in the third quarter, with technology and resources reinforcing a dual growth engine. With the 10-year US Treasury yield staying elevated and capping tech rebounds, they recommend near-term exposure to high-growth names and supply-cleared sectors, with October allocation centered on tech growth, resource dividends and manufacturing exports.

TREE NEWS reports: A total of 3,188 Chinese A-share listed companies have disclosed merger and acquisition progress so far this year as of October 12, with dealmaking concentrated in semiconductors, artificial intelligence, high-end equipment, biopharmaceuticals and new energy. Recent transactions include Narui Radar’s planned purchase of a 51% stake in Xintai Communication, GAC Group’s plan to buy 50% of FAW Toyota, and Zhongji Innolight’s completed transfer of a 10.47% stake in Sinomatech.

TREE NEWS reports: Chinese securities firms have injected more than 50 billion yuan into overseas subsidiaries this year, as international expansion shifts from Hong Kong hubs toward the Middle East and Central Asia. Guolian Minsheng Securities received no-objection from the CSRC for a 2 billion yuan capital increase in its Hong Kong unit, CITIC Securities’ international arm secured a Dubai International Financial Centre license, and Guotai Junan International signed a cooperation memorandum with the Almaty city government in Kazakhstan.

TREE NEWS reports: China has launched more than 150 fund-of-funds (FOF) products this year, raising close to RMB 150 billion, with both the number of products and total issuance setting annual records. More than 30 additional FOFs are currently or about to be issued, including 12 on October 12 alone. The minimum fundraising threshold for FOFs may drop from RMB 200 million to RMB 50 million, and FOFs would be allowed to invest in ETF feeder funds.

TREE NEWS update: Transsion Holdings set the offer price for its Hong Kong initial public offering at HK$35.30 per share. The Chinese smartphone maker, known for its Tecno, Infinix and itel brands across emerging markets, is listing its shares in Hong Kong. No deal size or valuation was disclosed in the pricing announcement.

TREE NEWS reports: FTSE China A50 index futures closed 0.15% lower at 13,730 points in continuous overnight trading. The move reflects a modest decline in the benchmark tracking the 50 largest A-share companies listed on the Shanghai and Shenzhen exchanges.

TREE NEWS reports: At Monday’s New York close on October 12, S&P 500 futures finished down 0.05% and Nasdaq 100 futures fell 0.75%, while Dow futures gained 0.42%. Russell 2000 futures closed 0.37% lower. The mixed close left blue chips higher while tech-heavy and small-cap gauges ended the session in the red.

TREE NEWS update: Applied Materials said AI demand will drive the company’s sales to double, without giving a timeframe for the target. The semiconductor equipment maker attributed the forecast to growth tied to artificial intelligence. No further figures or dates were disclosed.

TREE NEWS update: CME Group said it will roll out the first cloud-based solution for ultra-low-latency trading earlier than previously expected. The US derivatives exchange did not give a specific launch date or further details on the offering. The move marks an acceleration of CME’s push to bring latency-sensitive trading infrastructure to the cloud.

TREE NEWS reports: On Monday, October 12, US asset-class ETFs closed mixed. The Brent oil fund rose about 1.77%, while the US real estate ETF gained 0.78% and the Dow ETF and long-dollar index each added at least 0.35%. The emerging markets ETF and Nasdaq 100 ETF fell as much as 0.97%, and the VIX long fund dropped 1.77%.

TREE NEWS update: Citi is detailing a stablecoin checkout service built with Coinbase that lets institutional merchants settle payments in fiat without holding digital assets. The US-first expansion was outlined by the bank, with general availability and the supported tokens still unspecified. The tie-up pairs Citi’s payments rails with Coinbase’s stablecoin infrastructure.

TREE NEWS update: Kroger will cut roughly 3,000 corporate workforce positions over the next three years, representing about 37% of that workforce. The US grocery chain disclosed the planned reduction as a multi-year restructuring of its corporate staffing.

TREE NEWS update: Applied Materials has established Epic Center, a $5 billion research and development facility in Silicon Valley, spanning 600,000 square feet. The chip-equipment maker said the site is its largest R&D investment to date. No timeline or additional partners were disclosed.

TREE NEWS reports: US sector ETFs closed mixed on Monday, October 12, with the semiconductor ETF down 2.05%. Global tech, technology sector and internet stock index ETFs fell between 0.83% and 1.36%, while the energy sector ETF gained 1.43%.

TREE NEWS reports: Within the S&P 500’s 11 sectors, information technology closed down 0.9% and consumer discretionary fell 0.73%. Telecom services, consumer staples and energy were the gainers, rising between 1.12% and 1.48%. The split session left defensive and energy names higher while tech and discretionary shares lagged the index.

TREE NEWS update: Navitas Semiconductor (NVTS) unveiled a 24 kW, 800 V-to-12 V DC-DC power board built with its GaNFast technology and developed in collaboration with Nvidia. The board is designed to support the NVIDIA MGX ecosystem and advance 800 V DC power delivery architecture in AI data centers. It is scheduled to be shown at the NVIDIA AI Factory MGX Wall partner showcase at the 2026 OCP Global Summit.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.51% to 3,119.71 on Monday, October 12, after briefly rising to an intraday high of 3,187.66 in Asia-Pacific morning trade. Losses widened through the US session, with Lucid Group down 9.37%, MP Materials 6.03%, Xiaomi’s Hong Kong shares 5.55%, Hesai ADRs 5.56% and Tesla 1.22%. Volvo Car gained 3.35% in Europe and Zhejiang Leapmotor rose 4.31% in Hong Kong.

TREE NEWS reports: Fannie Mae shares dropped 14% on Monday, hitting their lowest level since January 2025. The decline marks one of the sharpest single-day moves for the mortgage-finance giant this year. No reason for the drop was given in the available material.