Flash News

TREE NEWS reports: Analysts expect A-shares to stage a repair rally after the holiday and see a high probability that the market will show a “first repair, then divergence” path, with October performance likely to warm up. As the rally deepens, capital is expected to shift from oversold-repair trades to earnings verification, making third-quarter reports a key variable for October’s market structure.

TREE NEWS reports: Twenty new funds launched on Oct. 8, the first trading day after China’s National Day holiday, opening a seasonal peak in October issuance. Wind data show 96 new funds are scheduled for the month, led by equity products spanning tech growth, dividend value and three-month-holding Beijing Stock Exchange themes. Third-quarter fund launches totaled 513, up slightly quarter-on-quarter, while total units raised narrowed and issuance concentrated among top players.

TREE NEWS update: Biren Technology priced its H-share placement at HK$31.08 per share, raising a total of HK$4.0404 billion. The Chinese GPU maker disclosed the placement price and gross proceeds in a filing. No use of proceeds or investor list was given in the disclosure.

TREE NEWS reports: Several Chinese public fund managers said they are optimistic about the fourth quarter, arguing that A-share corporate earnings are in an upcycle that is likely to continue and that high-prosperity sub-sectors should hold up. Crowding has eased after third-quarter volatility, they said, with technology and especially AI-related names flagged for monitoring.

TREE NEWS reports: Several leading Chinese equity private funds said they are not pessimistic on A-share trading in the fourth quarter, citing limited systemic risk from under-allocation of assets, marginal improvement in some high-frequency economic data and no obvious valuation drag. The funds expect the market to largely trade in a range-bound recovery with structural opportunities, as incremental capital and sentiment have yet to recover.

TREE NEWS reports: US equities extended their rally during China’s National Day holiday, with the Nasdaq and Nvidia both notching record highs as AI-linked technology shares led gains, while Treasury yields held high, gold traded in a range and crude oil spiked then retreated. In Hong Kong, AI large-language models drew market attention on commercialization progress. Chinese brokerages expect A-shares to rise on volume and price after the break.

TREE NEWS reports: SK Hynix’s flash memory unit Solidigm has selected Goldman Sachs Group and Morgan Stanley as lead underwriters for a US initial public offering planned for next year, people familiar said. The offering could raise about $10 billion. Solidigm is also finalizing a pre-IPO funding round with the two banks, with JPMorgan, Citigroup and UBS also invited to take part. Earlier reports said a listing could come as early as 2027 at a valuation of up to $100 billion.

TREE NEWS reports: The US cryptocurrency and crypto-linked index fell 5.05% to 69.01 points, gapping lower at the open and then trading in a narrow low range. Over the past 24 hours spot bitcoin dropped 2.65% to $83,348.19, with a short-term acceleration of losses at 09:51 Beijing time, while spot ether fell 4.68% to $2,571.064. The MarketVector Digital Asset 100 Index slipped 1.03%.

TREE NEWS reports: At the Wednesday, Oct. 7 New York close, S&P 500 futures fell 0.27%, Dow futures dropped 0.71% and Nasdaq 100 futures slipped 0.21%. Russell 2000 futures lost 1.25%, the steepest decline among the four contracts.

TREE NEWS update: The US Federal Trade Commission and the Department of Agriculture have opened an investigation into market conduct by Deere and other farm equipment makers, including potential anticompetitive behavior. Shares fell on the news: Deere closed down 3.8%, Caterpillar 5.75%, AGCO 6.06% and CNH 6.1%.

TREE NEWS update: Rivian received a $1 billion term loan from Germany’s Volkswagen Group, maturing on October 7, 2036. The loan is tied to the two companies’ existing joint venture agreement. Volkswagen Group is based in Germany and holds the existing JV with the US electric-vehicle maker.

TREE NEWS reports: US sector ETFs fell almost across the board on Wednesday, October 7. The industrials index ETF dropped 2.18%, while regional banks, banking, global airlines and semiconductor ETFs lost between 1.68% and 1.18%. Biotechnology was the outlier, gaining 0.12%, and the healthcare ETF rose 1.03%.

TREE NEWS reports: Costco Wholesale reported September comparable sales rose 11.4%, ahead of analyst expectations of 9.9%. US comparable sales for the month increased 8% excluding gasoline and foreign exchange effects, also beating the 7.2% consensus estimate. The figures cover the retailer’s September reporting period.

TREE NEWS reports: On Wednesday, October 7, the gold ETF closed down 1.67%, leading declines among major US asset-class ETFs. The US real estate ETF fell 1.38%, the emerging markets ETF 1.32%, the Russell 2000 ETF 1.29%, the agriculture fund 1.25% and the Barclays US convertible bond ETF 1.02%. The Dow ETF, euro long, soybean fund, Nasdaq 100 ETF, S&P 500 ETF and 20+ year US Treasury ETF each fell at most 0.69%.

TREE NEWS reports: Levi Strauss reported third-quarter net revenue of $1.61 billion, missing analyst estimates of $1.62 billion. Adjusted earnings per share came in at $0.48 versus the $0.36 expected, while adjusted EBIT was $249 million against a $194 million estimate. The company raised its full-year adjusted EPS guidance to $1.54-$1.56, up from a prior range of $1.46-$1.52.

TREE NEWS reports: Nine of the S&P 500’s 11 sectors closed lower, led by a 2.14% drop in industrials, with Caterpillar, EMCOR Group, Allegion, United Rentals and Comfort Systems among the biggest decliners. Materials and real estate fell as much as 1.53%, energy slipped 0.46%, and information technology and telecoms lost up to 0.1%. Health care was the standout gainer, rising 1.06%.

TREE NEWS update: Wolfspeed shares rose 12% in after-hours trading after the company was set to receive a $1.5 billion conditional loan from the Pentagon. The financing is structured as a conditional loan tied to the U.S. Department of Defense. No further terms of the loan were disclosed.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.14% to 3,170.73 on Wednesday, October 7, extending losses from the start of Asia-Pacific trading. London-listed ITM Energy dropped 6.47% and Hong Kong-listed Chery Automobile fell 5.39%, leading decliners alongside Lucid Group and MP Materials. Yadea Group rose 1.62%, NIO 1.88%, Li Auto 2.11% and XPeng 2.15%, while Volvo Car Group gained 3.49%.

TREE NEWS reports: The S&P 500 closed preliminarily down 0.2%, with industrials off 2.1%, materials 1.5% and real estate 1.2%, while healthcare gained 1%. The Nasdaq 100 also fell 0.2%, as Strategy dropped 7.1%, NBIS 5.3% and CrowdStrike 4.8%; Micron rose 3.8% and Amgen 2.6%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed provisionally about 0.1% higher, with GDS up 2.2% and NIO, JD.com and Li Auto each gaining at least 1%. Ctrip slipped 0.4%, Hesai dropped 1.3% and Baidu fell 1.9%. Among ETFs, CQQQ declined 1.2% and KWEB lost 0.7%.