Flash News

TREE NEWS update: China Securities Index Co. will temporarily adjust the constituents of the CSI 1000 and CSI 500 indexes, effective after market close on October 9, 2026. Fulede will be added to the CSI 500 while being removed from the CSI 1000, and Qilun Technology will be added to the CSI 1000. ST Lianguang will be removed from the CSI 500.

TREE NEWS update: Guanghui Energy announced it expects net profit attributable to shareholders of 2.7 billion to 2.8 billion yuan for the first three quarters of 2026, up 166.83% to 176.71% year on year. Non-recurring net profit is forecast at 2.74 billion to 2.84 billion yuan, up 191.96% to 202.62%. Third-quarter net profit is seen at 1.42 billion to 1.52 billion yuan, up 795.08% to 858.12%.

TREE NEWS reports: Hong Kong’s Hang Seng Tech Index closed down 2.89% on the day, its lowest close since September 2024, while the benchmark Hang Seng Index fell 1.43%. Technology shares declined broadly, with MINIMAX dropping more than 13%, Biren Technology more than 11% and YOFC more than 6%.

TREE NEWS reports: US optical communications stocks declined in premarket trading. Coherent dropped more than 3%, while Lumentum and Credo each fell over 2%. Corning and Marvell Technology slipped nearly 2%.

TREE NEWS reports: Panmure Liberum strategist Joachim Klement said his base-case scenario is that the AI trade unravels as early as 2027, triggering the worst stock-market slump since the global financial crisis. Klement, head of market strategy at the London investment bank, said hyperscale data centres have largely exhausted their free cash flow while debt costs are rising fast and have become unaffordable for these companies.

TREE NEWS reports: US spot Bitcoin ETFs recorded $485 million in net outflows, the largest single-day withdrawal since June, erasing October’s net inflows. Ether funds extended their losing streak to a seventh consecutive session of outflows. The data covers the latest trading day for the US-listed crypto exchange-traded funds.

TREE NEWS reports: The pan-European Stoxx 600 index dropped to its lowest level in nearly four months, with the benchmark last down about 1%. The decline extends the index’s recent slide as European equities come under pressure.

TREE NEWS update: Adidas Sports (China) Co., Ltd. has increased its registered capital from RMB 180 million to RMB 500 million, a roughly 178% rise. The company, founded in April 2007 and legally represented by Xiao Jiale, is wholly owned by ADIDAS BETEILIGUNGSGESELLSCHAFT MBH and handles wholesale, retail, import-export and commission agency for sportswear, sporting goods, eyewear, watches, cosmetics and electronics.

TREE NEWS reports: Apple released a new study on its China App Store ecosystem showing that billings and sales facilitated through the platform grew from nearly 2 trillion yuan in 2020 to about 4 trillion yuan in 2025, more than doubling over five years. The report also said Chinese developers’ overseas revenue share kept rising and exceeded half by 2025, with over 95% of transactions requiring no commission.

TREE NEWS reports: Europe’s Stoxx banks index dropped 2.1%. The decline marks a down session for the region’s banking sector. No further details on the drivers of the move were provided.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock markets reached 1.6821 trillion yuan (16821.27 billion yuan) on October 8. Shanghai accounted for 811.18 billion yuan, Shenzhen for 870.94 billion yuan, and the ChiNext board for 425.27 billion yuan.

TREE NEWS reports: Foreign institutions and individuals held 4.66 trillion yuan of onshore Chinese equities as of end-June 2026, up nearly 30% from the end of 2025, according to an analysis of the securities industry’s first-half operations distributed by the Securities Association of China to brokerages. The association said securities firms are providing research, trading and custody services across the chain to overseas sovereign funds and pension funds investing in China.

TREE NEWS reports: European equities opened lower on the session, with the Euro Stoxx 50 falling 1.11% at the open. Germany’s DAX slipped 0.85%, the UK’s FTSE 100 dropped 0.82% and France’s CAC 40 declined 0.70%.

TREE NEWS reports: China’s STAR 50 index closed down nearly 5% as the three major A-share benchmarks fell, with the Shanghai Composite down 0.79%, the Shenzhen Component down 2.07% and the ChiNext down 3.15%. Turnover reached 1.69 trillion yuan and nearly 3,800 stocks declined. Battery, oil and gas, coal and shipping sectors led gains, while semiconductors, computing hardware, biotech and consumer electronics led losses.

TREE NEWS reports: China’s major stock indices closed lower, with the Shanghai Composite down 0.79% at 3811.90 and the Shenzhen Component down 2.07% at 12620.90. The ChiNext Index dropped 3.15% to 3036.66, while the CSI 300 fell 1.09% to 4310.28. The STAR 50 led declines, plunging 4.82% to 1456.32.

TREE NEWS reports: China’s securities industry earned RMB 117.6 billion in brokerage commissions in the first half of the year, up 53.90% year on year, according to an analysis the Securities Association of China sent to brokerages. Brokerage fees accounted for 35.66% of industry operating revenue, overtaking proprietary investment at 34.29%. Interest net income, investment banking and asset management made up 12.28%, 5.67% and 3.68% respectively.

TREE NEWS reports: China’s 150 securities firms booked RMB329.81 billion in first-half revenue and RMB138.66 billion in net profit, up 31.38% and 23.50% year on year, according to an industry analysis circulated by the Securities Association of China. Of the total, 136 firms were profitable, a profit-making ratio above 90%, with the loss-making firms mainly investment banking subsidiaries.

TREE NEWS reports: China’s Securities Association told brokerages that the industry’s average net commission rate on securities trading fell to 0.0171% in the first half of the year. Brokers provided trading and custody services for 112.74 trillion yuan in client assets during the period, the association said, with investor trading costs dropping markedly.

TREE NEWS reports: Fast Retailing forecast full-year 2027 operating profit of ¥830 billion, below the ¥833.41 billion market consensus, and net profit of ¥560 billion against an expected ¥578.56 billion. Sales are guided at ¥4.45 trillion versus ¥4.43 trillion expected, with a full-year dividend of ¥900 against a ¥701.92 forecast. Fourth-quarter operating profit came in at ¥128.74 billion, missing the ¥129.59 billion estimate.

TREE NEWS reports: Japan’s Nikkei 225 closed down 1.4% at 69,042.11, while the broader Topix fell 1.5% to 4,091.46. South Korea’s Kospi dropped 2.6% to close at 6,625.93, extending losses across major Asian equity benchmarks.