Flash News

TREE NEWS reports: Donald Trump reportedly bought as much as $25 million worth of Meta Platforms stock. The transaction, reported without a stated date, involves shares in the social-media company. No further terms of the purchase were given.

TREE NEWS update: Shanghai-listed Xinhua Media said its shares rose by the daily limit for eight consecutive trading sessions from Sept. 21 to Oct. 8, 2026, with the cumulative closing-price deviation reaching 117.06%, a severe abnormal trading fluctuation under Shanghai Stock Exchange rules. The company said its fundamentals have not materially changed and that the share price has seriously decoupled from them, warning investors of substantial risk and saying it may apply to suspend trading for verification if the price rises further abnormally.

TREE NEWS update: China’s Maextro said it will further optimize the design of the brake pedal bracket base and offer free upgrades to customers who have already taken delivery of its vehicles. In a statement on its official Weibo account, the automaker said no fracture of the brake pedal bracket base has occurred in real-world use since first deliveries, and that it will systematically review design validation, test boundaries and production quality controls.

TREE NEWS reports: Broadcom is planning to raise $30 billion in debt financing for OpenAI, accelerating the AI compute buildout toward leveraged funding. Separately, Alphabet’s AI drug-discovery unit Isomorphic Labs is in talks for a round valuing it at at least $40 billion. TSMC posted 51% year-on-year revenue growth in its third quarter on sustained AI infrastructure demand.

TREE NEWS reports: The UK’s FTSE 100 index erased its earlier losses, recovering to trade flat or higher on the day. The move marks a reversal from the session’s prior decline for London’s benchmark blue-chip index. No further details on the size or drivers of the swing were given.

TREE NEWS reports: Engineers from ASML and its optics partner Carl Zeiss said in a peer-reviewed paper that a successor to ASML’s most advanced chipmaking equipment, dubbed “Hyper NA,” is expected in about 10 years. The tool would reuse much of the two companies’ existing technology while patterning finer circuits, though significant challenges remain. ASML has begun development work but has not committed the device to production.

TREE NEWS update: Joyoung Co. said in a stock-trading anomaly announcement that it holds a 7.92% stake in DeepThink AI Robot Technology (Beijing), a developer of brain-inspired AI and multimodal semantic understanding, and that no strategic partnership with Huawei exists as market rumors claimed. The company said its only link to Huawei is that both hold equity in DeepThink, with a Huawei investment entity holding part of the company.

TREE NEWS update: OpenAI began a full rollout of GPT-6 to all ChatGPT users on October 7, with paid Plus, Pro, Business and Enterprise tiers served by GPT-6 Sol from that day and Free and Go users switching to GPT-6 Luna on October 8, alongside a new Intelligent UI. ChatGPT weekly active users exceed 1.2 billion. The same day, US stocks retreated from record highs, with the Dow falling 341.41 points to 51,179.87, the S&P 500 down 0.22% to 7,801.77 and the Nasdaq down 0.22% to 27,538.69.

TREE NEWS update: Iambic Therapeutics, a pharmaceutical company with Nvidia among its shareholders, is seeking to raise up to $159.4 million in a US initial public offering. The company plans to offer 9.38 million shares at $15 to $17 each. At the top of that range and based on the shares outstanding listed in the filing, Iambic would carry a market value of about $805.8 million.

TREE NEWS update: After the National Day holiday, mutual funds targeting the Beijing Stock Exchange are launching in a cluster, with three-month holding-period products rolling out. Fullgoal’s BSE Select 3-Month Holding Mixed Fund began raising on Oct 8 and closes Oct 21; China AMC, China Universal, Harvest and Southern Asset Management will start selling similar funds from Oct 12, each capped at RMB500 million. Institutions expect up to RMB13.5 billion in incremental inflows.

TREE NEWS update: Spotify has extended its long-term partnership with podcaster Joe Rogan, the music streaming platform said. The deal continues a relationship that has made Rogan’s podcast one of the most listened-to shows on the platform. No financial terms or duration were disclosed.

TREE NEWS reports: Meta shares fell 1.6% in pre-market trading, touching the session’s intraday low. The move marks a short-term pullback for the stock ahead of the opening bell. No further details on the cause of the decline were immediately available.

TREE NEWS update: Dongshan Precision said market talk of a 65% US-origin materials requirement is unofficial and not an effective regulatory policy, responding to investor questions about optical chip procurement restrictions. The company said optical chips it makes in-house account for no more than 10% of optical module BOM cost, leaving ample compliance room, and that it may eventually build capacity in the United States.

TREE NEWS update: Microsoft has established a new division dedicated to expanding Xbox’s film and television operations, the company said. The unit will house the gaming brand’s entertainment ambitions as the company pushes further into screen adaptations of its game franchises. No financial terms, leadership appointments or launch dates were disclosed.

TREE NEWS update: Miniso’s first in-house artist IP, YOYO, surpassed 1 billion yuan in gross merchandise value across the first three quarters and has entered the global IP “1 billion club.” Since its first product launched in June 2025, the IP has reached 53 countries and regions, making it one of the fastest Chinese original IPs to scale overseas. Founder Ye Guofu said YOYO validates Miniso’s IP-operating platform strategy.

TREE NEWS update: Viatris has agreed to acquire Pacira Biosciences for $36.50 per share in cash, the two companies said. The deal is expected to close by the end of 2026. The transaction values Pacira at a per-share cash price of $36.50.

TREE NEWS update: Strive CEO Matt Cole said large institutions whose equity mandates bar them from buying bitcoin or bitcoin ETFs are instead buying shares of bitcoin treasury companies to gain indirect BTC exposure. Without Strive and MicroStrategy, Cole said, portfolio managers would have no way to access bitcoin exposure across a $500 billion pool of capital. “We are pushing BTC onto the rails of the traditional financial system,” he said.

TREE NEWS update: Yangjie Technology said it expects net profit attributable to shareholders of RMB 1.168 billion to RMB 1.363 billion for the first three quarters of 2026, a year-on-year increase of 20% to 40%. The Chinese semiconductor maker disclosed the guidance without further breakdown.

TREE NEWS reports: Options traders are piling into bullish bets on long-dated Treasuries and rate-sensitive utilities, with call volume on the iShares 20+ Year Treasury Bond ETF (TLT) and the State Street Utilities Select Sector SPDR ETF rising sharply. The 10-year Treasury yield stands at 5.335% and the 30-year at 5.713%, both multi-decade highs. TLT fell 0.2% Wednesday, extending its 2026 total-return loss to about 8.4%. Interactive Brokers’ Steve Sosnick said the call activity signals some traders are positioning for long-term rates to fall.

TREE NEWS update: Changyu Pioneer Wine Co. (Zhangyu A) closed at 18.76 yuan per share on Oct. 8, up 10.03% and at its daily limit. The Chinese winemaker said its fundamentals have not changed, noting that the Mid-Autumn and National Day holidays are peak sales seasons but that no disclosable data is available yet. It added that the grape harvest is underway and that different products have different brewing timelines, with specifics to be subject to company announcements.