Flash News

TREE NEWS reports: Muyuan Foods sold 6.423 million commercial hogs in September 2026, up 15.24% year on year, at an average price of 10.36 yuan per kilogram, down 19.57%. Sales revenue fell 6.01% to 8.52 billion yuan. Cumulative 2026 sales reached 58.73 million head for 76.817 billion yuan in revenue, while its slaughtering unit processed 3.015 million head and breeding sow inventory stood at 2.974 million as of end-September.

TREE NEWS update: Harbin Pharmaceutical Group announced it received a case-filing notice and a detention notice from a supervisory commission regarding director and president Lu Chuanyou. The company said it has made proper arrangements for the related work, with the chairman, other directors and senior executives all performing their duties normally and production and operations unaffected. The board is operating normally and the matter is not expected to have a material impact on the company’s operations or management.

TREE NEWS update: Foxconn Industrial Internet said the US International Trade Commission launched a Section 337 investigation on October 9 into patent infringement claims by US-based Vicor Corporation. Vicor alleges the company and a controlled subsidiary infringed a patent covering a “vertical power delivery system.” The company said an internal review found the products involved are still in internal validation and assessment, and the probe has no material impact on current production, operations or results.

TREE NEWS update: Apple chairman Tim Cook visited Guangzhou on October 10, his first trip to China since stepping down as the company’s CEO. Cook appeared at the filming of a Wing Chun short film for the iPhone 18 Pro, meeting young director Gu Tianji and Wing Chun inheritor Dai Zilong on set in a Lingnan-style garden. No further details of the trip were disclosed.

TREE NEWS reports: South Korea’s stock market turnover has fallen 70% from its late-May peak, with foreign investors leaving rapidly and local retail traders also pulling back, as the market’s heavy reliance on Samsung Electronics and SK Hynix comes under strain. Rayliant Global Advisors portfolio management head Phillip Wool said the easy money in the memory-chip trade has been made, adding his fund has been taking profits on Korean AI stocks and is now underweight SK Hynix and Samsung Electronics.

TREE NEWS reports: Nearly 80% of about 270 equity-focused insurance asset management products reported negative returns in the third quarter of 2026. Industry participants attributed the broad losses to a sharp correction in the A-share market, and warned that listed insurers face significant earnings pressure in the quarter given the outsize impact of equity investment returns on net profit.

TREE NEWS reports: In the third quarter of 2026, about 80% of roughly 270 equity-focused insurance asset management products recorded negative returns. Industry insiders attributed these widespread losses to the sharp correction in the A-share market, and warned that listed insurers will face considerable earnings pressure in the quarter, given the significant impact of equity investment returns on net profit.

TREE NEWS update: In the third quarter of 2026, about 80% of roughly 270 equity-focused insurance asset management products recorded negative returns. Industry insiders attributed the widespread losses to the sharp correction in the A-share market and warned that, because equity investment income has a significant impact on net profit, listed insurers will face considerable performance pressure in the quarter.

TREE NEWS update: Ripple-backed XRP treasury company Evernorth completed its business combination with SPAC Armada Acquisition Corp. II on October 9, bringing roughly 473 million XRP and $300 million in gross cash proceeds into the public market. The company is expected to begin trading on Nasdaq under the ticker XRPN the following Monday.

TREE NEWS reports: Most Chinese brokerage asset managers surveyed by Securities Times put equities as their top allocation priority for the fourth quarter, with bonds and commodities ranked divergently. Caitong Asset Management’s chief asset allocator Li Meicen cited relative value favoring stocks and bonds over commodities, noting most broad-based index valuations sit near the 60th historical percentile while ChiNext is around the 25th. Everbright Securities Asset Management expects the Q4 ranking equities > bonds > commodities.

TREE NEWS reports: Korean investors net bought about $22.8 million of the top 15 Hong Kong-listed stocks and roughly $7.99 million of the top 15 A-shares in the first three quarters of 2026, settlement dates Jan. 1 to Sept. 30. The Global X China Semiconductor ETF topped the list with $52.57 million in net purchases over the period.

TREE NEWS reports: Lone Pine Capital’s Cypress hedge fund fell about 30% in the third quarter, wiping out almost all of its 44% gain for the year through June, people familiar with the matter said. The fund dropped nearly 25% in July alone and lost further ground in subsequent months, leaving it up just 0.6% for the year through the end of September.

TREE NEWS reports: According to people familiar with the matter, Lone Pine Capital’s Cypress hedge fund fell about 30% in the third quarter, erasing nearly all of its 44% gain from the start of the year through the end of June. The fund dropped nearly 25% in July alone and continued to lose momentum in the following months, leaving its year-to-date gain at just 0.6% through the end of September.

TREE NEWS reports: According to people familiar with the matter, Lone Pine Capital’s hedge fund Cypress fell about 30% in the third quarter, giving back nearly all of the 44% gain it had racked up from the start of the year through the end of June. The fund dropped roughly 25% in July alone and continued to lose momentum over the following months, leaving it with a year-to-date return of just 0.6% as of the end of September.

TREE NEWS update: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to decline over the following months, leaving it up just 0.6% year-to-date as of the end of September.

TREE NEWS update: According to people familiar with the matter, Ronin Capital’s hedge fund Cypress fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to decline over the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS reports: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to decline over the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS reports: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to decline over the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS update: According to people familiar with the matter, Ronin Capital’s hedge fund ‘Cypress’ fell about 30% in the third quarter, giving back nearly all of the 44% gain it had recorded from the start of the year through the end of June. The fund dropped about 25% in July alone and continued to slide over the following months, leaving its year-to-date return at just 0.6% as of the end of September.

TREE NEWS reports: According to people familiar with the matter, Ronin Capital’s ‘Cypress’ hedge fund fell about 30% in the third quarter, erasing nearly all of the 44% gain it had achieved from the start of the year through the end of June. The fund dropped roughly 25% in July alone and continued to slide in the following months, leaving its year-to-date return at just 0.6% as of the end of September.