Flash News

TREE NEWS update: Fiberglass maker China Jushi said it expects net profit attributable to shareholders of 5.136 billion to 5.393 billion yuan for the first three quarters of 2026, up 100% to 110% year on year. Recurring net profit is forecast at 5.225 billion to 5.486 billion yuan, also up 100% to 110%. The company attributed the gain to rising downstream fiberglass demand and higher volumes and prices.

TREE NEWS reports: Intel shares rose more than 2% in pre-market trading after a report said Nvidia plans to adopt Intel’s Foveros packaging technology in 2028. The report links the chipmaker’s advanced packaging offering to Nvidia’s future products, sending Intel stock higher ahead of the opening bell.

TREE NEWS reports: US pre-market crypto-linked stocks traded broadly higher on Oct. 9, with Circle (CRCL) up 2.18%. Strategy (MSTR) gained 2.24%, Coinbase (COIN) rose 1.86%, Robinhood (HOOD) added 1.77% and BitMine (BMNR) climbed 1.67% in pre-market trading.

TREE NEWS reports: Hong Kong stocks closed higher, with the Hang Seng Index rising 1.79% and the Hang Seng Tech Index gaining 3.06%. The tech-heavy gauge outperformed the benchmark on the day.

TREE NEWS update: Lumentum, a leading US optical communications company, saw its shares rise 4% in pre-market trading after CEO said its optical component production capacity is completely sold out through early 2029. The company’s full capacity is committed well into the next decade, underscoring sustained demand for optical networking components.

TREE NEWS reports: Apple has told some suppliers to cut component output for the newly launched iPhone 18 Pro and iPhone 18 Pro Max, after surging memory chip costs forced higher prices and weaker consumer demand, media reports said on October 9. Supply chain sources said the same day that total order volumes have not materially changed, with most iPhone 18 Pro Max configurations still showing estimated delivery times of three to four weeks on Apple’s website.

TREE NEWS reports: Evonik Industries shares rose 1.9% on a report that BASF may raise its takeover offer for the company. The move follows speculation of a higher bid for the German specialty chemicals maker. No further terms or timeline were disclosed.

TREE NEWS reports: Bitcoin ETFs lost $244 million on Thursday, extending October outflows toward the $1 billion mark. Ether funds bled $641 million, stretching their outflow streak to eight straight sessions. The combined withdrawals underscore a broad retreat from US-listed spot crypto exchange-traded funds this month.

TREE NEWS update: Shanghai-listed Allist Pharmaceuticals said the overseas Phase III failure of its core drug fumatinib, in the FURVENT study, will not affect third-quarter or future sales. The company said FURVENT data need further analysis before it settles follow-up development and regulatory communication plans, and that fumatinib’s current revenue comes mainly from first-line treatment of EGFR-sensitizing mutations.

TREE NEWS reports: European equities opened higher on the day, with the Europe Stoxx index up 0.5% at the open. The UK’s FTSE 100 rose 0.82% and France’s CAC 40 gained 0.69%. The moves mark a broadly positive start to the session across the region’s major benchmarks.

TREE NEWS reports: China’s three main A-share indices closed marginally higher on a day of intraday recovery, with the Shanghai Composite up 0.05%, the Shenzhen Component up 0.17% and the ChiNext up 0.22%. Film and media stocks surged in the afternoon, with Chinese Online, Mango Excellent Media, Jilin TV Media and Shanghai Film hitting the daily limit. Combined turnover on the Shanghai, Shenzhen and Beijing exchanges exceeded 1.91 trillion yuan, and more than 3,200 stocks advanced.

TREE NEWS reports: Combined turnover across the Shanghai, Shenzhen and Beijing stock exchanges exceeded 1.8 trillion yuan. The figure was 211.4 billion yuan higher than the same time on the previous trading day. The data covers aggregate trading value across the three bourses.

TREE NEWS reports: China’s A-share real estate sector saw localized movement, with Zhongjiao Development surging straight to its daily limit-up. Shenzhen Property A, Urban Construction Development, Shahe Industrial, Zhangjiang Hi-Tech and Rongan Property were among the names that followed higher.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.02% lower at 69,030.92, while the broader Topix index rose 0.3% to 4,104.81. The two Tokyo benchmarks moved in opposite directions, with the blue-chip Nikkei ending essentially flat and the Topix posting a modest gain.

TREE NEWS reports: The 10-year US Treasury yield rose 54 basis points in September, from 4.75% to 5.29%, with real yields up 49bps while implied inflation compensation added just 5bps. QuantStreet Capital founder Harry Mamaysky argues in his monthly letter that markets may be repricing stronger growth and the capital demands of Big Tech’s AI infrastructure buildout, noting the semiconductor ETF gained about 9.4% while the equal-weight S&P 500 fell roughly 4.8%.

TREE NEWS reports: Chinese A-share film, media and AI short-drama concept stocks extended gains on the afternoon session, with several shares hitting the daily limit up. Chinese Online, Shanghai Film, H&R Century, Jishi Media and Zhangyue Technology were among the stocks that closed at their upper price limits. The rally reflects continued momentum in the AI short-drama theme on the mainland exchanges.

TREE NEWS reports: Broad-based ETFs in China staged an afternoon rebound, with several tech-focused funds erasing earlier losses of more than 3%. Huaxia’s STAR 50 ETF (588000) and E Fund’s ChiNext ETF (159915) turned positive, alongside Huaxia’s SSE 50 ETF (510050), Huaan’s ChiNext 50 ETF (159949) and GF Fund’s ChiNext ETF (159952).

TREE NEWS reports: All three major A-share indices turned positive, with the STAR 50 index’s decline narrowing to 0.06%. Nearly 3,000 stocks across the Shanghai, Shenzhen and Beijing exchanges advanced.

TREE NEWS reports: Apple has trimmed orders for its iPhone 18 Pro, citing weaker-than-expected demand. The order reduction points to soft consumer appetite for the company’s latest high-end handset, the report said. No figures for the size of the cut were given.

TREE NEWS update: A Maextro store in Guangzhou said the specific upgrade plan for the V800’s brake pedal bracket base has not been finalized, and that vehicles ordered now will be delivered with the upgraded part, with possible design adjustments still undecided. JAC Motors did not respond when asked about the upgrade details. Orders placed now face a wait of at least two months for delivery.