Flash News

TREE NEWS reports: A-shares staged a V-shaped reversal on October 9, with the Shanghai Composite recovering the 3,800 level and broad-based ETFs seeing sharply higher turnover, after a pullback following the National Day holiday. Multiple Chinese brokerages said in strategy notes this week that pessimism has been largely priced in and policy support remains in place, keeping near-term volatility from denting the market’s underlying resilience. With Q3 earnings season opening, brokers see structural repair opportunities in October, with earnings delivery becoming the core pricing anchor.

TREE NEWS reports: Strategy executive chairman Michael Saylor teased further Bitcoin purchases after the company ended September with buybacks of its STRC preferred stock. Investors will have to wait an extra day to learn whether, and how much, Strategy added to its Bitcoin treasury in the first week of October.

TREE NEWS reports: US spot Bitcoin ETFs logged $386.3 million in net outflows over the first seven trading days of October, while Ethereum funds extended their losing streak to nine straight days. Solana ETFs also finished the period in the red, leaving all three crypto ETF categories negative for the month to date.

TREE NEWS update: Yuexin Semiconductor said its RMB-denominated ordinary shares will begin trading on the Shenzhen Stock Exchange’s ChiNext board on October 13, 2026. The chipmaker priced the offering at 12.01 yuan per share, issuing 513 million new shares for a total share count of 2.878 billion before any exercise of the over-allotment option.

TREE NEWS update: Strive CEO Matt Cole posted a chart of the company’s bitcoin holdings on X with the caption “Think ₿igger,” mimicking Michael Saylor’s approach, and hinted that increased BTC holdings data may be disclosed next week. No figures were given in the post.

TREE NEWS update: Michael Saylor posted Bitcoin Tracker information on X on October 11, writing “There’s always room for more orange.” By the pattern seen previously, Strategy typically discloses changes to its bitcoin holdings the day after such a post. The post did not itself specify any purchase or figure.

TREE NEWS update: Michael Saylor posted Bitcoin Tracker information on X on Sunday, saying “there is always more orange space.” The orange dots have previously represented Strategy’s bitcoin purchases, suggesting the company may add to its holdings. Strategy typically discloses changes to its bitcoin position the day after such posts.

TREE NEWS update: CleanSpark has obtained $2.276 billion in financing for its Sandersville data center expansion, a lease agreement expected to generate about $6.6 billion in contracted revenue. The listed bitcoin miner disclosed September output of 529 BTC and sales of 702 BTC — 700 via call option exercises and 2 on the spot market — leaving it holding 13,530 BTC. Average operating hashrate was 36 EH/s with 1.8 GW of contracted power capacity.

TREE NEWS update: Zunjie customer service said customers who have placed an order can cancel and get their deposit back within a 24-hour consideration window, but once the order enters the lock-in period it becomes a binding order and the deposit is non-refundable. The policy applies to users who have already ordered the vehicle.

TREE NEWS reports: CITIC Securities said in a research note that investor focus will shift to the upcoming US third-quarter earnings season as the market decouples from interest rates. LSEG consensus expects S&P 500 Q3 2026 revenue and earnings growth of 1.2% and 45.0% year-on-year, with energy, IT, materials and healthcare all exceeding 50% earnings growth, suggesting profit gains are no longer concentrated in leading tech names. For Hong Kong stocks, fundamentals have bottomed and earnings growth forecasts for major broad-based indexes are being revised upward.

TREE NEWS reports: CITIC Securities said in a research note that LSEG consensus expects S&P 500 revenue and earnings to grow 1.2% and 45.0% year-on-year in the third quarter of 2026, both down from the prior quarter. Energy, information technology, materials and health care all post earnings growth above 50%, suggesting the index’s profit expansion is no longer concentrated in leading technology companies.

TREE NEWS update: The Shanghai Stock Exchange issued a regulatory work letter to Fujian Dongbai Group Co. concerning its asset acquisition. The letter names the listed company, its directors, senior management, controlling shareholder and actual controller as the parties involved, and cites the asset acquisition as the matter under review. No further details of the acquisition were disclosed.

TREE NEWS reports: CITIC Securities said Hong Kong stock fundamentals have hit bottom, with earnings growth expectations for major broad-based indices beginning to be revised upward, even as the overseas rate-hike cycle and renewed AI momentum trading keep liquidity under pressure. Profit expectations are diverging notably across sectors, with some niche segments upgraded while domestic-demand-linked industries still face downward revisions. Third-quarter results will be key to judging the pace of recovery, and the broker advised investors to stay patient, expecting dividend strategies to keep outperforming in the near term.

TREE NEWS reports: Galaxy Securities said China’s top-level document on developing new quality productive forces will reshape the A-share market institutionally, combining a short-term risk-appetite recovery with a longer-term revaluation. The brokerage said the policy cements innovation industries as the market’s long-term main line, rebuilds valuation logic around core technological barriers and R&D spending, and expands patient capital. It flagged hard tech, AI applications, green energy and traditional industry upgrades as allocation themes.

TREE NEWS reports: Shanghai Stock Exchange main board companies have issued more than 120 buyback-related announcements since October 1, corresponding to 24.7 billion to 46.4 billion yuan in planned repurchases, with over 17.6 billion yuan already executed. Progress announcements account for 16.6 billion yuan of the implemented total, locking in about 70% of the aggregate lower-bound buyback amount.

TREE NEWS reports: South Korean equities have lost investor attention across almost every metric, with market turnover down 70% from its late-May peak as foreign and local retail investors retreat. The reversal stems from the market’s heavy reliance on Samsung Electronics and SK Hynix. Julius Baer’s Richard Tang said capital is increasingly flowing back to US stocks, driving sustained foreign outflows from Korean shares.

TREE NEWS update: Qianli Technology reported September vehicle sales of 6,252 units, down 50.25% year-on-year, with production at 5,703 units, down 52.7%. New energy vehicle sales for the month totaled 235 units, a 94.69% decline. For January-September, cumulative vehicle sales fell 7.83% to 66,903 units, while cumulative production rose 11.22% to 64,122 units.

TREE NEWS update: Dongbai Group said its wholly owned subsidiary Fujian Dongbai Chuangzhi Investment plans to acquire a 52.6667% stake in Hangzhou Kuailing Photoelectric Technology from existing shareholders for a provisional consideration of RMB 316 million. The board approved the proposal on October 11, 2026. Upon completion, Kuailing Photoelectric and its wholly owned subsidiary Zhejiang Guangte Technology will be consolidated into Dongbai Group’s financial statements.

TREE NEWS update: Focus Media said it received conditional antitrust approval from China’s State Administration for Market Regulation for its planned acquisition of Chengdu Xinchao Media Group via share issuance and cash. The conditions, valid for five years, require honoring existing client contracts, maintaining service levels, capping actual annual transaction prices at the city-level prices of the prior 24 months, dropping exclusive-location rights and barring exclusivity or auto-renewal clauses in new and renewed contracts. The deal still needs Shenzhen Stock Exchange review and CSRC registration.

TREE NEWS update: Tianbang Food announced it sold 503,400 commercial pigs in September 2026, generating 462 million yuan in sales revenue at an average price of 9.97 yuan/kg, down 19.13%, 6.22% and 3.52% month on month respectively. For January-September 2026, cumulative sales reached 5.7195 million pigs and 4.794 billion yuan in revenue at an average price of 10.75 yuan/kg, up 23.34% in volume while revenue fell 21.21% and the average price fell 31.84% year on year.