Flash News

TREE NEWS reports: A-share printed circuit board (PCB) concept stocks fell in early trading, with Jin’an Guoji hitting the daily limit down. Huazheng Xincai, Tongfeng Electronics, Xianfeng Holding, Shengyi Technology and Dongshan Precision each dropped more than 5%. No specific catalyst for the decline was given in the market data.

TREE NEWS reports: The ChiNext Index dropped below the 3,000-point mark, hitting its lowest level since November 2015, with an intraday decline of 1.2%. The Shenzhen-based growth board’s slide marks a fresh multi-year low.

TREE NEWS reports: China’s ChiNext Index and the STAR 50 Index each dropped more than 1% on the session. The two growth-focused benchmarks, which track Shenzhen-listed startups and Shanghai-listed semiconductor and hard-tech names respectively, moved lower together. No further figures were disclosed in the material.

TREE NEWS reports: Hong Kong’s Hang Seng Index rose 1% in early trading. The benchmark opened higher, extending gains at the start of the session. No further detail on the drivers or the index level was given.

TREE NEWS reports: The CSI Convertible Bond Index opened down 0.07%, with Lianrui, Qizhong, Zhonglun, Shengde and Lanxiao-02 convertible bonds leading the declines at 1.79%, 1.77%, 0.93%, 0.88% and 0.81% respectively. Benchuan, Saite, Dongya, Zhen-26 and Tiannai convertible bonds led the gainers, rising 5.14%, 1.62%, 1.37%, 1.28% and 1.22%.

TREE NEWS reports: China’s major stock indices opened lower on the session, with the Shanghai Composite down 0.21% at 3,804.09 and the Shenzhen Component off 0.51% at 12,557.02. The ChiNext Index fell 0.50% to 3,021.33, the CSI 300 dropped 0.30% to 4,297.25 and the STAR 50 slid 1.00% to 1,441.72. The CSI 500 and CSI 1000 opened at 7,209.86 and 7,107.54, down 0.53% and 0.43% respectively.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.65% higher at 23,941.26 points, while the Hang Seng Tech Index gained 0.29%. BYD Company, JD Health and JD.com each rose more than 1% in early trade.

TREE NEWS reports: Margin financing balances across the Shanghai and Shenzhen stock exchanges rose by 4.05 billion yuan as of October 8. The Shanghai exchange reported a balance of 1.298 trillion yuan, up 1.918 billion yuan from the previous trading day, while the Shenzhen exchange stood at 1.238 trillion yuan, up 2.129 billion yuan. Combined balances totaled 2.536 trillion yuan.

TREE NEWS reports: European equity futures opened higher, with Euro Stoxx 50 futures up 0.4%, Germany’s DAX futures up 0.7% and UK FTSE 100 futures up 0.8%. The moves point to a firmer start for European cash markets.

TREE NEWS reports: SoftBank Group shares dropped more than 6% as investor concerns mounted over OpenAI’s revenue outlook. The decline reflects worries about the performance of the AI company in which SoftBank has a major investment stake. No further details were disclosed.

TREE NEWS reports: Japan’s Nikkei 225 index widened its intraday loss to 1%, with the decline deepening during the trading session. The move marks a further pullback in Japanese equities on the day.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.6% lower on the session, while South Korean stock markets are closed for the day. The decline marks a soft start for Japanese equities, with trading in Seoul shut. No further details were immediately available.

TREE NEWS update: Lumentum’s chief executive said the company must consider growth through mergers and acquisitions in order to add new product lines. The statement signals the optical components maker is weighing dealmaking as a route to expanding its portfolio. No specific targets, timing or transaction terms were disclosed.

TREE NEWS update: Singapore Prime Minister Lawrence Wong warned on Thursday that the global technology stock rally will eventually correct, saying the city-state is looking to seize the current window of opportunity. Speaking at the Forbes Global CEO Conference in Singapore, Wong said it is unknown when or how the adjustment will occur, or who will be hurt, but that no boom can last indefinitely.

TREE NEWS update: Lumentum’s chief executive said the company’s 2029 production capacity is almost fully booked, signaling demand running years ahead of supply. The remark points to tight availability for the optical component maker’s output through the end of the decade. No figures, customers or product lines were specified.

TREE NEWS update: A batch of Beijing Stock Exchange three-month holding-period funds began密集 issuance after China’s National Day holiday. Fullgoal’s fund runs Oct 8-21, while China AMC and China Universal products are set for Oct 12-23, and Southern and Harvest funds for Oct 12-30, each with a RMB 500 million cap. E Fund completed its offering on Sept 30 with oversubscription.

TREE NEWS reports: As of October 8, 29 Chinese brokerages had finalized their October A-share model portfolios, with 173 stocks selected in total. The brokerages anchored their picks on certainty in third-quarter earnings, favoring high-growth names in AI and innovative drugs while using banks and utilities as low-volatility dividend ballast for a balanced, offense-defense mix.

TREE NEWS reports: Hong Kong’s IPO market saw 115 companies complete listings through Oct 8, up 89% year on year, with total proceeds of HK$385.566 billion, a 104.52% year-on-year increase, Wind data show. Another 363 companies are in the “processing” stage of hearings, 101 of them already A-share listed, accounting for 27.82%. Deloitte China capital markets services national leader Ji Wenhe said the strong momentum is expected to continue through year-end.

TREE NEWS reports: Morgan Stanley warned that delays to Oracle’s projects could create credit risk for the company. The bank flagged the project slippage as a potential strain on Oracle’s credit profile. No further details on the specific projects or timing were disclosed.

TREE NEWS update: Wohua Pharmaceutical will release the first A-share third-quarter report on October 10, opening the 2026 Q3 disclosure season, with several companies including Sichuan Chuantou Energy and Yutong Bus reporting before October 20. Wind data shows 20 listed companies have so far issued Q3 earnings pre-announcements, of which 15 are positive, a 75% positive ratio.