Flash News

TREE NEWS update: FTSE Russell has added Oman to its watch list of markets under review for potential reclassification, which could see the country moved back to secondary emerging market status. The index provider’s list flags markets whose classification may change at a future review. No date for a decision was given.

TREE NEWS reports: The MSCI Nordic Countries Index fell 0.5% to 387.74, with the Nordic industrials sector posting the biggest decline among the ten sectors tracked. AddTech AB, a supplier of high-tech industrial components and systems for the engineering, telecom, automotive and electronics industries, dropped 7.6%, the worst performance among Nordic stocks.

TREE NEWS update: Japan Exchange Group said the Tokyo Stock Exchange will begin revising its TOPIX index constituents at the end of October, reducing the number of constituents by about 40% to 986. The change stems from new selection criteria: inclusion will depend on trading activity and free-float market value, rather than mainly on which market segment a company is listed on, replacing the previous system under which nearly all former First Section firms were included.

TREE NEWS reports: European equity indices closed lower on Wednesday, with Germany’s DAX 30 falling 1.45% to 25,096.53 and France’s index down 1.24%. Italy’s benchmark dropped 2.37%, while its banking index slid 3.64%, leading sector declines. The UK’s index closed 0.77% lower.

TREE NEWS reports: Europe’s STOXX 600 index closed provisionally down 1.04% at 630.02 points. The eurozone’s STOXX 50 fell 1.47% to 6,179.14, while the FTSE Eurofirst 300 declined 0.95% to 2,518.56. The preliminary closes mark a broad-based drop across the region’s major equity benchmarks.

TREE NEWS update: Japan Exchange Group said on the 7th that the constituent list of the Tokyo Stock Exchange’s Topix index will be revised starting at the end of October, cutting the number of members by roughly 40% to 986. Selection will hinge on trading activity and free-float market value rather than which market a company lists on. Some 683 stocks no longer qualify and will be phased out to zero weight by July 2028, while 35 stocks from the Standard and Growth markets will be added.

TREE NEWS reports: US homebuilder stocks fell on Wednesday after the 30-year mortgage rate climbed for a seventh straight week to 7.49%, its highest level since 2023. The S&P 1500 Homebuilding Index dropped as much as 3.7% intraday, its biggest one-day decline since July 8, with every constituent lower. Installed Building Products lost 6.2%, Champion Homes and Cavco Industries 5.7%, and Dream Finders Homes 5.1%. The SPDR S&P Homebuilders ETF fell as much as 3.4%.

TREE NEWS reports: Foreign investors poured a record 10.06 billion reais ($2.01 billion) into Brazilian stocks listed in São Paulo on Oct. 5, exchange operator B3 SA said Wednesday. The surge came as markets grew more hopeful that opposition presidential candidate Flávio Bolsonaro, if elected, would tackle Brazil’s worsening fiscal problems and pave the way for interest-rate cuts.

TREE NEWS reports: SpaceX’s credit risk gauge hit a record high Wednesday after reports that the company is in talks with banks and investors to raise $40 billion to buy Nvidia chips. ICE Data Services data showed SpaceX five-year credit default swaps widened as much as 14.5 basis points to about 195.4 basis points annualized, the highest intraday level since the CDS began active trading in June. The company’s 6.65% bonds due 2056 widened 12 basis points to 238 basis points, versus 175 basis points at issuance.

TREE NEWS reports: A total of 123 companies completed IPOs on mainland China’s A-share market in the first three quarters of 2026, raising 216.315 billion yuan, Wind data show. That compares with 78 listings raising 77.302 billion yuan in the same period of 2025, a 57.69% rise in deal count and a 179.83% jump in proceeds. Guotai Haitong led on deal count, while CICC topped the underwriting revenue ranking.

TREE NEWS reports: Webull’s stock fell 21% on the day, marking its largest intraday decline since April 2025. The drop is the sharpest single-session move in the online brokerage’s shares in roughly ten months.

TREE NEWS reports: All three major US stock indexes fell intraday on October 7, with the Dow Jones Industrial Average down 1.00%, the Nasdaq down 1.02% and the S&P 500 down 0.70%. The declines came during the trading session.

TREE NEWS reports: Shares of several US-listed Chinese companies declined, with Futu Holdings dropping more than 7% and UP Fintech Holding (Tiger Brokers) falling nearly 4%. Baidu and Alibaba each lost more than 2% in the same session.

TREE NEWS reports: Major US sector ETFs opened lower, with the global airlines ETF and the semiconductors ETF each falling nearly 2%. The regional banks ETF and the banks ETF both declined more than 1%. The broad-based early weakness spanned several industry groups tracked by the funds.

TREE NEWS reports: The Dow Jones Industrial Average fell 0.6% and the Philadelphia Semiconductor Index dropped more than 2% in early US trading, with the S&P 500 down 0.4% and the Nasdaq off 0.6%. Memory chip stocks declined broadly, with Micron down about 3%, SK Hynix and Western Digital each down about 2% and SanDisk down about 1%. Optical communications and gold miners also fell, including Marvell and Corning, and Harmony Gold down about 6%.

TREE NEWS reports: The S&P 500 opened down 25.95 points, or 0.33%, at 7,792.98. The Dow Jones Industrial Average fell 114.84 points, or 0.22%, to 51,406.44, while the Nasdaq Composite dropped 169.35 points, or 0.61%, to 27,430.54.

TREE NEWS update: Yuexin Semiconductor priced its ChiNext initial public offering at 12.01 yuan per share, issuing 512.65 million shares. The total expands to 589.54 million shares after the full exercise of the over-allotment option. Online investors abandoned 468,976 shares, which GF Securities will underwrite for 5.6324 million yuan. Total issuance costs were 195 million yuan before the over-allotment option was exercised.

TREE NEWS reports: Morgan Stanley estimates a net US data center power shortfall of about 32GW by 2028, roughly a 34% supply gap after accounting for mitigation measures, in an Oct. 5 research note. The bank sees Nvidia and Broadcom as relatively protected because they can redirect shipments to powered sites, while memory, optical module, power management and analog chip suppliers face order deferrals and inventory risk. Texas paused new ERCOT data center connections on Aug. 3, 2026, affecting about 49.8GW.

TREE NEWS reports: Li Nan, former head of strategic partnerships for Xiaomi’s MIUI, has left the company, with his departure dated to September this year. His profile on Chinese workplace platform Maimai now lists him as a former Xiaomi employee. Xiaomi had not responded as of publication. Li joined Xiaomi in 2014 as head of the MIUI security team, after previously working as a development manager at LeTV.

TREE NEWS update: ANTA Sports Products Ltd. said it completed the acquisition of a 29.06% stake in PUMA SE from Artémis SAS, the investment vehicle of the Pinault family, for EUR 1.5055 billion in cash. All relevant regulatory approvals were obtained and customary closing conditions met, making ANTA the largest shareholder in the German sportswear brand.