Flash News

TREE NEWS reports: The Hang Seng Tech Index dropped below 4,100 points on [date], touching a new intraday low for the year. The decline marks the lowest level the index has reached in intraday trading so far this year.

TREE NEWS update: JAC Motors said on Oct. 8 that it is “monitoring” reports that its Jietu V800 sedan’s brake pedal bracket snapped during a braking test by Dongchedi. Dongchedi tested three Jietu V800 vehicles and said the brake pedal bracket broke during a 100km/h-to-zero emergency stop. JAC Motors shares hit their daily limit down as related terms trended on Chinese social media.

TREE NEWS update: A brake pedal bracket fractured on the Maextro V800 during testing, sending shares of JAC Motor to their daily limit down on October 8. Maextro’s customer service said it had not received information on the brake pedal issue and that the company needs time to investigate and gather evidence, as the video was published only that morning. No further details were immediately available.

TREE NEWS update: BYD executive vice president Li Ke said Nvidia remains a very important chip partner for the Chinese automaker. The statement affirms the two companies’ continued collaboration on automotive semiconductors, with no further details provided.

TREE NEWS reports: The Hang Seng Tech Index extended its decline to 2%, with AI company MINIMAX falling more than 10% and chipmaker Biren Technology dropping over 9%. The move marks a broad selloff across Hong Kong-listed technology shares.

TREE NEWS reports: The ChiNext Index fell more than 3% in afternoon trading, while the Shanghai Composite slipped 0.75%. Semiconductor and CPO — co-packaged optics — AI hardware stocks led the decline, with more than 3,600 individual stocks across the market trading lower.

TREE NEWS reports: Tencent Holdings fell more than 1% in a short intraday move. The decline marks a sharp pullback in the Hong Kong-listed stock during the session. No specific catalyst was cited for the drop.

TREE NEWS reports: TSMC reported September revenue of NT$511.86 billion, up 54.6% from a year earlier. The figure covers the Taiwanese chipmaker’s monthly sales for the month of September. TSMC is the world’s largest contract semiconductor manufacturer and a key supplier to AI and crypto mining hardware makers.

TREE NEWS reports: Hong Kong-listed semiconductor shares extended losses in afternoon trading, with Naxin Micro dropping more than 10% and Hua Hong Semiconductor falling over 7%. Junzheng, Longsys and GigaDevice each declined more than 5% as the sector-wide selloff persisted through the afternoon session.

TREE NEWS reports: Ethereum spot ETFs recorded a net outflow of $161 million on October 7, marking a seventh consecutive day of net redemptions. BlackRock’s ETHA led the exits with $116 million in single-day net outflow, though its cumulative net inflow still stands at $12.92 billion. Grayscale’s ETHE followed with $25.77 million in net outflow, bringing its all-time net outflow to $5.467 billion.

TREE NEWS reports: US spot bitcoin ETFs recorded a combined $487 million in net outflows on October 7. BlackRock’s IBIT saw the largest single-day outflow at $208 million, though its cumulative net inflows remain at $65.717 billion. Fidelity’s FBTC followed with $105 million in net outflows, with total historical net inflows of $10.716 billion.

TREE NEWS update: Butterfly Effect, the parent company of AI agent Manus, has closed a new funding round of more than $500 million. The round is the largest single deal in the roundup, which also covered declines in Chinese and Asian equities, a 6060亿元 PBOC reverse repo operation and 11.65亿元 in National Day box office receipts.

TREE NEWS reports: Shares in China’s optical chip sector fell sharply after market rumors that optical chip prices are under pressure and that 1.6T-compatible chips face cuts. Changguang Huaxin, Shijia Photons and Yongding Co each told reporters they had received no news of price reductions, and none speculated on the cause of the share moves. Shijia Photons attributed the sector correction to an Oct. 1 Morgan Stanley research note on FCC policy.

TREE NEWS reports: Southbound trading under the Stock Connect logged net buying of more than HK$5 billion. The figure reflects aggregate net inflows from mainland Chinese investors into Hong Kong-listed shares during the session. No further breakdown by stock or sector was provided.

TREE NEWS reports: Fliggy reported on October 8 that its average daily fulfilled hotel room-nights rose nearly 70% year-on-year during the 2026 Mid-Autumn and National Day holiday, with bookings exceeding historical records for four consecutive days. More than 100 cities across China saw hotel room-night volumes double over the same period.

TREE NEWS reports: China’s ChiNext Index closed the morning session down 2.13% and the STAR 50 Index fell over 3% on October 8 after an early rally reversed, with more than 3,200 stocks declining across the Shanghai, Shenzhen and Beijing exchanges. Battery, shipping and banking sectors gained, with Industrial and Commercial Bank of China, Bank of China and Bank of Hangzhou hitting record highs, while CPO and other computing hardware shares dropped, sending Yuanjie Technology and Everbright Photonics down 20%.

TREE NEWS reports: The MSCI Asia-Pacific Index dropped 1% on Thursday to 275.53, extending losses across the region’s equity markets. The decline reflects broad selling pressure spanning Asia-Pacific benchmarks. No further details were immediately available.

TREE NEWS reports: The ChiNext Index fell 2% during intraday trading, while the STAR 50 Index dropped more than 3%, as of the latest session. The declines mark a sharp pullback in China’s growth- and technology-focused equity gauges. No further details were given in the material.

TREE NEWS reports: China’s A-share liquor sector rose against a broadly weaker market, with Zhangyu A sealing the daily limit-up and Kuaijishan hitting limit-up intraday. Huiquan Beer gained more than 7%, while Weilong and Zhujiang Beer led the remaining gainers. The move was confined to listed brewers and distillers, with no company-specific news cited.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 0.9%, while the broader Topix index fell 1.5%. The declines came by the morning close of trading on the Tokyo Stock Exchange.