Flash News

TREE NEWS update: Tianfu Communication said in an investor relations filing that recently rumored overseas import and export policy restrictions do not constrain optical device products and do not affect its business. The company said its main business is the R&D, production and sale of passive and active optical devices. The policy in question does not cover such products, it said.

TREE NEWS update: New China Life Insurance bought 9,959,600 Guotai Haitong H-shares on September 29, 2026 through centralized bidding on the secondary market, equal to about 0.28% of the company’s issued H-share capital. The insurer said the purchase lifted its holding in Guotai Haitong H-shares to 20.24%, part of a recent run of stake increases in listed companies.

TREE NEWS update: Qichacha Technology Co. and its sponsor CITIC Securities have withdrawn the company’s application for an initial public offering on the Shanghai Stock Exchange main board, prompting the exchange to terminate its review of the listing. The withdrawal comes about a year after the company’s previous listing attempt.

TREE NEWS reports: Bloomberg ETF analyst Eric Balchunas said on X that over the past 100 years only 4% of stocks accounted for all net wealth creation in the US market, with about half of companies underperforming US Treasuries, meaning narrow market breadth has always existed. He noted Microsoft and Google each acquired 270 companies, and said investors should view the “Magnificent Seven” as the “Magnificent 700.”

TREE NEWS reports: Miniso said its total gross merchandise value in mainland China rose 25% to 30% year-on-year in the third quarter. The Chinese retailer disclosed the figure without providing absolute GMV numbers or a breakdown by store type. The update covers only the mainland China market.

TREE NEWS reports: Wall Street’s largest banks are expected to report combined third-quarter equities trading revenue of nearly $19 billion when earnings land next week, with Goldman Sachs forecast to lead at $5.1 billion, followed by Morgan Stanley at $4.9 billion, JPMorgan at $4.5 billion and Bank of America at $2.6 billion. Analyst estimates compiled as of Thursday’s New York close show performance gaps widening as capital-market activity cools, in contrast to the first half when all five banks benefited from a trading boom.

TREE NEWS reports: Tesla’s Shanghai Gigafactory delivered more than 95,000 vehicles in September 2026, up 10.7% from the previous month, with domestic sales of about 65,000 units, up 29.5% month on month. Both figures set new 2026 highs for the plant. Tesla also said that as of August 2026 it had delivered more vehicles than in all of 2025 in 14 markets, including South Korea and Australia.

TREE NEWS update: The Shenzhen Stock Exchange said it took self-regulatory disciplinary measures in 141 cases of abnormal securities trading between September 28 and October 9, 2026, covering practices such as intraday price ramping and suppression and false order submissions. The exchange also referred two suspected violations of laws and regulations to the China Securities Regulatory Commission.

TREE NEWS reports: Netflix is carrying out an organizational restructuring that is expected to affect roughly 5% of its employees, with an announcement possible as early as next week. The company has not publicly confirmed the scope or timing of the changes. Netflix employed about 13,000 staff as of its most recent disclosures.

TREE NEWS update: Bohai Leasing said its controlled subsidiary Avolon’s wholly owned unit AALL signed an agreement with Boeing to purchase 140 B737 MAX series aircraft, with a total list value of no more than $26.953 billion. The actual purchase price carries a discount to Boeing’s published catalog prices. The deal is not a related-party transaction, still requires shareholder approval, and deliveries are expected to be completed by the end of 2036.

TREE NEWS update: Suzhou Dongshan Precision Manufacturing said the Hong Kong Stock Exchange’s listing committee reviewed its application for an H-share listing on the Main Board at a hearing held on October 8, 2026. The company said the relevant letter does not constitute formal listing approval and that it still requires approvals from regulators and the stock exchange.

TREE NEWS update: Guanghe Technology said it expects net profit attributable to shareholders of 1.45 billion to 1.5 billion yuan for the first three quarters, up 100.33% to 107.23% from 724 million yuan a year earlier. The Chinese printed-circuit-board maker disclosed the forecast in a filing.

TREE NEWS update: Wuliangye said it had repurchased 16.1278 million shares, or 0.4155% of its total share capital, as of September 30, 2026, at prices between 70.28 yuan and 85.25 yuan per share. The company has paid about 1.201 billion yuan for the buyback under a previously disclosed plan to repurchase 8 billion to 10 billion yuan of stock.

TREE NEWS reports: Delta Air Lines reported third-quarter adjusted revenue of $17.59 billion, below the $17.66 billion expected, with adjusted earnings per share of $1.72 versus $1.82 expected. The airline guided fourth-quarter adjusted EPS to $1.15-$1.65 and cut its full-year adjusted EPS outlook to $5.10-$5.60 from a prior $6.50-$7.50. Delta shares fell nearly 3% in premarket trading.

TREE NEWS reports: Samsung Electronics guided to a record third-quarter 2026 operating profit of about 107.4 trillion won, up 782.5% year on year, on consolidated sales of about 195 trillion won, the first time a Korean company has topped 100 trillion won in quarterly operating profit. Shares closed at 262,000 won on October 8, down 2.42%, roughly 30% below the June 18 intraday high of 374,500 won, as revenue and profit both came in about 1% below consensus.

TREE NEWS reports: India’s Jio Platforms has set the price range for its initial public offering at 1,065 to 1,119 rupees per share. The telecom operator’s listing would be one of the country’s largest share sales. No date for the offering was given.

TREE NEWS update: GAC Group said September vehicle sales fell 25.72% year-on-year to 128,634 units, with production down 24.01% at 136,150 units. Year-to-date sales slipped 3.58% to 1,141,237 units. New energy vehicle sales bucked the trend, rising 50.9% in September to 64,231 units and up 61.13% for the first nine months at 432,390 units.

TREE NEWS update: Dongchedi said a screenshot circulating online, purportedly an internal notice from its human resources department, is false. The notice claimed the company was under regulatory investigation for unfair competition and would undergo a one-month rectification starting Oct. 9, 2026. A company representative said the page’s information is a rumor and may be aimed at manipulating public opinion, adding that Dongchedi will verify the source and take legal action.

TREE NEWS update: Xinxiang Chemical Fiber said it will suspend production from Oct. 12 at its north-zone biomass cellulose filament lines and at subsidiary Xinxiang Xinglu Technology, after its state-owned construction land use rights were reclaimed with compensation. The halt covers 31,200 tons per year of biomass cellulose filament capacity and is expected to cut 2026 output by about 8,500 tons, revenue by about 260 million yuan and total profit by about 40 million yuan.

TREE NEWS reports: China Securities Finance data shows 108,900 new margin trading and securities lending accounts were opened in September, up 1.4% from 107,400 in August but down 46.98% from 205,400 a year earlier. By end-September, total margin accounts stood at 16.7678 million, up 1.1276 million from 15.6402 million at the start of the year, while the market-wide average collateral ratio fell to 268.38% from 282.22% at end-August.