Flash News

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.

TREE NEWS reports: Chinese brokerage stocks rallied in the afternoon session, with Huaxin Shares hitting the daily limit up. Hatou Shares, Soochow Securities, CICC, East Money and Changjiang Securities also rose in sympathy. The move came during the afternoon trading session in the A-share market.

TREE NEWS update: Xiaomi’s 17 Ultra lineup now sells for 1,000 yuan more on its official store than at launch, customer service confirmed. The standard 12GB+512GB model was originally listed at 6,999 yuan, with the 16GB+512GB at 7,499 yuan and the 16GB+1TB at 8,499 yuan. A staff member said retail prices follow the current official website.

TREE NEWS reports: China’s A-share retail sector extended gains in afternoon trading, with Baida Group hitting the daily limit up. Guofang Group and Huijia Times had already sealed limit up earlier, while Guoguang Chain, Xinhua Department Store and Dongbai Group led the gainers. The move marks a renewed afternoon surge for the sector after earlier strength in selected names.

TREE NEWS reports: On the morning of October 9, Chinese markets fell broadly, with the ChiNext Index dropping below 3000 points, while core broad-based ETFs including Huaxia STAR 50 ETF, E Fund ChiNext ETF, Southern CSI 1000 ETF and Huatai-PineBridge CSI 300 ETF saw significant volume increases. Several small- and mid-cap ETFs, including Southern CSI 1000 ETF and Southern CSI 500 ETF, exceeded their full previous-day turnover by the half-day mark, signaling early institutional positioning.

TREE NEWS reports: Major Chinese broad-based ETFs saw trading volume surge in the morning session on October 9, with half-day turnover for several core index ETFs exceeding or approaching their full-day levels from the previous session, even as A-shares fell and market sentiment stayed cautious. The volume spike signals notable counter-trend positioning by funds buying into the market’s pullback.

TREE NEWS reports: The Shanghai Composite closed the morning session at 3,765.71, down 1.21%, while the Shenzhen Component fell 2.09% to 12,356.56. The ChiNext Index dropped 2.61% to 2,957.32 and the STAR 50 slid 3.78% to 1,401.24. The CSI 300 was down 1.27% at 4,255.65, with the CSI 500 off 2.19% at 7,089.40 and the CSI 1000 down 2.39% at 6,968.22.

TREE NEWS reports: China’s ChiNext Index dropped 2.61% to fall below the 3,000 mark at the midday close on October 9, while the STAR 50 Index fell more than 4% intraday. Computing hardware names led the decline, with PCB and CPO stocks such as Huazheng New Material and Jin’an Guoji hitting the limit down. Turnover for the morning session reached 1.18 trillion yuan, with more than 4,300 stocks declining.

TREE NEWS update: PAG has entered exclusive negotiations with China Evergrande’s liquidators to acquire a stake in Evergrande Property Services, the group’s property management arm. The talks give the Hong Kong private equity firm a period of exclusivity in the deal for the unit. No price, stake size or timetable was disclosed.

TREE NEWS reports: The ChiNext Index trimmed its decline to less than 2% after earlier dropping more than 3%, as of the latest reading. The index had been down over 3% intraday before recovering part of the loss, leaving it under 2% lower.

TREE NEWS reports: CATL’s Shenzhen-listed A-shares climbed nearly 5% on Monday, pushing the battery maker’s stock back above the 300 yuan mark. The move put the shares at their highest level in recent sessions, with the gain representing one of the largest single-day advances for the stock in recent weeks.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 0.8%, while the broader Topix index eked out a 0.03% gain. The split finish left the two Tokyo benchmarks on opposite sides of the flat line at the midday break.

TREE NEWS update: The Depository Trust Company has proposed an overhaul of its Direct Registration System that would replace batch processing with APIs and automate a transfer step, cutting share-registration transfer times from days to minutes. Transfer-agent approval would still be required under the plan.

TREE NEWS reports: Data centre company FIRMUS is considering a US listing after its planned Australian IPO was put on hold. No timetable, exchange or offering size was disclosed. The company has not commented on the report.

TREE NEWS reports: China’s ChiNext Index and the STAR 50 Index both dropped more than 2%, while the Shanghai Composite fell 0.81% and the Shenzhen Component lost 1.68%. Computing hardware, defense, consumer electronics and semiconductor sectors led the declines, with more than 4,400 stocks falling across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS reports: JAC Motors (江淮汽车) fell by the daily limit during intraday trading, with sell orders queued for 1.1 million lots (封单11万手) at the limit-down price. It marks a second limit-down for the stock, with no further details disclosed in the material.

TREE NEWS reports: Chinese A-share pharmaceutical stocks rebounded from early lows, with Xiangrikui surging 20% to its daily limit. North China Pharmaceutical had previously posted two consecutive limit-up sessions, while Shuangcheng Pharmaceutical, Lingkang Pharmaceutical, Shenqi Pharmaceutical and Jinshiya Pharmaceutical also gained. The sector-wide move came as the broader pharma group recovered from an intraday trough.

TREE NEWS reports: Hong Kong’s Hang Seng Tech Index climbed more than 2% during intraday trading, with Xiaomi shares rising over 5%. The move marked a sharp session gain for the tech-heavy benchmark and its largest constituent advancer named in the material.

TREE NEWS reports: The Hang Seng Tech Index extended its intraday gain to 1.2%, with Xiaomi rising nearly 4% and BYD shares up more than 3% on the day. The move marked a broad advance among the index’s largest technology and new-energy vehicle constituents during the trading session.