TREE NEWS reports: Alphabet fell more than 10% in US premarket trading after its third-quarter results missed expectations, with free cash flow declining sharply and capital expenditure also falling short. Marvell Technology dropped over 9% while Lumentum rose over 4% on reports Marvell is in talks to acquire the data-center optical module maker, with an announcement expected as soon as next week. Microsoft gained nearly 4% after Azure revenue beat with 48% growth.
TREE NEWS reports: The North Dakota Investment Board, which manages $29 billion, has increased its stake in Strategy by 10% to 10,275 shares worth $1.4 million, Bitcoin Treasuries disclosed on X. The board’s added exposure comes as state investment funds are increasingly gaining bitcoin exposure through bitcoin treasury companies.
TREE NEWS reports: AQR’s Quality Minus Junk (QMJ) factor rose 14.3% in July, its largest monthly gain since records began in 1957, after a record three-year run in which junk stocks outperformed quality names. Goldman Sachs’ basket of unprofitable tech stocks fell 11% in the third quarter, while Procter & Gamble rose 12.9% and Coca-Cola gained 17.3% since June 30. The prior two largest monthly QMJ gains occurred in November 2000 and October 2008, just before major bear markets.
TREE NEWS reports: JPMorgan lowered its price target on Alphabet to $375 from $425, the bank’s analysts said. The revision cuts the implied upside for the Google parent by $50 per share. The note did not disclose the rationale behind the change or a new rating on the stock.
TREE NEWS reports: Hong Kong-listed automakers retreated in late trading, with Geely Automobile falling more than 4% and BYD Company down over 3%. XPeng, Seres and Li Auto each declined more than 2% as the sector sold off into the close.
TREE NEWS update: Bull Group reported 2026 third-quarter revenue of RMB 3.815 billion, down 5.32% year on year, with net profit of RMB 680 million, a decline of 26.00%. Non-recurring net profit fell 25.06% to RMB 644 million. For the first nine months of 2026, revenue edged up 0.09% to RMB 12.209 billion, while net profit dropped 4.96% to RMB 2.831 billion and non-recurring net profit fell 5.83% to RMB 2.544 billion.
TREE NEWS update: Gate ETF listed four new leveraged trading pairs on Oct. 29 at 15:00 (UTC+8): SOXS3L/USDT and SOXS3S/USDT for 3x long and short SOXS, plus CBRS3L/USDT and CBRS3S/USDT for 3x long and short CBRS. The exchange also launched a trading challenge running from Oct. 29 to Nov. 7 with a total prize pool of 60,000 USDT, where a single user can earn up to 670 USDT in combined rewards.
TREE NEWS reports: Indonesia’s benchmark stock index dropped 3%, extending a decline that has weighed on Southeast Asian equities. The move marks a sharp single-session fall for the Jakarta market’s main gauge. No specific catalyst for the drop was given in the available material.
TREE NEWS reports: China’s ChiNext Index dropped 4.45% on Oct. 29, with the Shenzhen Component down 2.92% and the Shanghai Composite off 0.82%, as more than 4,700 stocks across the two exchanges fell. Combined turnover was 1.56 trillion yuan, down 72 billion yuan from the prior session. Bank stocks bucked the trend, with ICBC and China Construction Bank hitting record highs and the big four banks’ combined market value topping 10 trillion yuan, while computing hardware names including TFC Optical plunged.
TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock markets reached 1.5565 trillion yuan on October 29. The Shanghai market accounted for 715.62 billion yuan, while Shenzhen contributed 840.90 billion yuan. The ChiNext board recorded 421.43 billion yuan in turnover.
TREE NEWS reports: TotalEnergies reported third-quarter adjusted net income of $9.10 billion, topping the $8.9 billion market estimate. Adjusted earnings per share came in at $4.03 versus a $3.97 forecast, while adjusted EBITDA reached $17.81 billion, ahead of the $17.29 billion consensus.
TREE NEWS reports: China’s ChiNext and STAR Market indexes each fell more than 4% on the day, with the ChiNext down 4.45% and the Shanghai Composite off 0.82%. More than 4,700 stocks across the Shanghai, Shenzhen and Beijing exchanges closed lower, while turnover reached 1.57 trillion yuan. Bank shares bucked the trend, with the combined A+H market value of the four largest state banks exceeding 10 trillion yuan for the first time.
TREE NEWS reports: The Shanghai Composite closed 0.82% lower at 3,651.43, while the ChiNext Index dropped 4.45% to 2,517.59 and the STAR 50 fell 4.27% to 1,228.09. The Shenzhen Component fell 2.92% to 11,138.20, the CSI 300 slipped 1.03% to 4,041.84, and the CSI 500 and CSI 1000 lost 2.82% and 3.03% respectively.
TREE NEWS reports: Shell reported third-quarter adjusted profit of $10.81 billion, beating the $10.23 billion market estimate, with adjusted earnings per share of $1.93 versus $1.79 expected. Revenue came in at $92.85 billion, below the $99.53 billion estimate, while operating cash flow reached $21.04 billion against a $16.13 billion forecast. The company plans to buy back $5 billion in shares, up from $3 billion previously.
TREE NEWS reports: Lloyds Banking Group reported third-quarter statutory pre-tax profit of £2.33 billion, ahead of the £2.29 billion market estimate. Net profit for the quarter came in at £5.07 billion, slightly below the £5.11 billion consensus, while net interest income was £3.81 billion versus an expected £3.83 billion.
TREE NEWS reports: Alphabet shares fell 9.97% in after-hours trading to $292.50 on Oct. 28 after the company reported third-quarter revenue of $127.577B, up about 25% year on year, and Google Cloud revenue of $30.709B, up 103%. GAAP EPS of $2.12 missed estimates, hurt by an $8.7B equity securities loss, while free cash flow turned negative at about -$9.065B as capital expenditure of $51.355B outpaced operating cash flow of $42.290B.
TREE NEWS update: Topsports, Nike’s largest distributor in China, said it is in ongoing talks with Nike over inventory buyback and promotional subsidies after the brand adjusted its online channel strategy. Management said the change reflects a channel restructuring by the brand and does not alter the foundation of their partnership, with offline cooperation unchanged. Topsports said it understands Nike’s move to clean up online channels and rebuild brand strength.
TREE NEWS reports: Marvell Technology is in advanced talks to acquire optical components maker Lumentum Holdings, with a formal agreement possibly announced as early as next week, people familiar said. Lumentum’s market value is about $83 billion after its shares rose more than 360% in the past year, while Marvell is valued at about $221 billion; with a control premium, the deal could approach $90 billion to $100 billion. Marvell shares fell more than 10% after hours, while Lumentum rose over 17%.
TREE NEWS reports: Three CSI 300 ETFs saw significantly elevated trading volume near the close, with the Huatai-PineBridge CSI 300 ETF (510300) exceeding 5 billion yuan in turnover. The Harvest CSI 300 ETF (159919) recorded over 1.8 billion yuan, while the E Fund CSI 300 ETF (510310) posted nearly 1 billion yuan.
TREE NEWS reports: Tianfu Communication hit its 20% daily limit-down in late trading, while Eoptolink fell more than 10% and Zhongji Innolight dropped over 8%. The three optical-module stocks were among the session’s sharpest decliners.