Flash News

TREE NEWS reports: US stock futures moved lower, with Nasdaq 100 futures down 0.7%, Dow futures down 0.6% and S&P 500 futures down 0.3%. The declines across all three major contracts point to a softer open for US equities.

TREE NEWS reports: Europe’s benchmark Stoxx 600 index widened its decline to 1%, extending losses during the session. The pan-European gauge covers large-, mid- and small-cap companies across 17 European markets. No specific catalyst for the move was given in the material.

TREE NEWS update: Robinhood has put $25 million of bitcoin on its balance sheet, senior vice president Johann Kerbrat said. Kerbrat said the purchase is meant to align the brokerage with the crypto community and is small relative to the company’s size.

TREE NEWS reports: Bank of America’s Savita Subramanian said US Treasuries are offering genuine competition to equities for the first time in decades, with the 10-year note’s risk-reward above 5%. Her team’s own valuation framework suggests the S&P 500 may not match that return over the next 10 years. Subramanian, BofA’s head of US equity and quantitative strategy, also warned that elevated investor sentiment leaves stocks more at risk of disappointment than of further gains.

TREE NEWS update: Tesla CEO Elon Musk on Wednesday welcomed German backing for the carmaker’s driver-assistance software system, as he pushes for approval of the technology across Europe. The support came after traffic-safety researchers warned that the system’s safety claims may be overstated.

TREE NEWS reports: BlackRock increased its long position in COSCO Shipping Energy Transportation’s Hong Kong-listed H-shares to 7.27% on October 2, up from 6.07%. The move marks a 1.20 percentage point increase in the asset manager’s stake in the Chinese shipping company.

TREE NEWS reports: Morgan Stanley lowered its long position in CATL’s Hong Kong-listed H-shares to 5.30% from 6.42% on October 2. The bank’s short position in the same stock also fell to 5.05% from 5.98% on the same day. Both positions remain above the 5% disclosure threshold.

TREE NEWS update: Huaan’s Nasdaq 100 ETF (QDII) will be suspended from the open on Oct 8, 2026 and resume trading at 10:30 that day, the fund manager said, after its secondary-market price closed at 2.566 yuan on Sept 30 against a reference net asset value of 2.3164 yuan, a wide premium. Redemptions will continue during the halt, and the fund may seek further intraday suspensions if the premium does not narrow.

TREE NEWS reports: Moonshot AI, the developer of Kimi, has completed a final pre-IPO private funding round at a valuation of about $50 billion and has begun preparing investor discussions, with initial talks possibly starting this month, Bloomberg reported. The company had confidentially filed with the Hong Kong Stock Exchange, with Bank of America as overall coordinator and CICC, Deutsche Bank and Goldman Sachs as sponsors. On the same day, Kuaishou’s Kling AI was reported to be working with CICC, Goldman Sachs and UBS on a Hong Kong IPO targeting at least $1 billion, potentially next year.

TREE NEWS reports: US spot Bitcoin ETFs took in $119 million in net inflows on Tuesday, snapping a run of outflows even as prices fell. Ether funds extended their losing streak to six straight sessions, with total outflows reaching $408 million. The divergence leaves Bitcoin products back in positive territory while Ether vehicles remain under sustained redemption pressure.

TREE NEWS reports: Mercedes Group reported third-quarter global sales of 491,700 vehicles, down 6% year over year. The decline covers the group’s worldwide deliveries for the quarter. No further breakdown by brand, region or model line was disclosed.

TREE NEWS update: Hang Seng Indexes Company will expand the Hang Seng Tech Index from 30 to 50 constituents in its first major methodology overhaul since the gauge launched nearly six years ago. Forty members will be selected by market capitalization and ten by trailing 12-month revenue growth, while the sector requirement is scrapped. Review results are due November 20, with the changes effective December 7.

TREE NEWS update: Dunamu, the parent of South Korean crypto exchange Upbit, has pushed back its full share swap with NAVER Financial from December 31 this year to March 31, 2027, with an extraordinary shareholders’ meeting also moved from November 19 to February 26. The swap ratio stays unchanged at 2.5422618 NAVER Financial shares per Dunamu share. After completion, NAVER Financial will become Dunamu’s wholly owned parent, with Dunamu its wholly owned subsidiary.

TREE NEWS reports: European automaker shares rose. No specific figures, companies or dates were provided in the available material, and no cause for the move was stated. The development reflects trading activity in European automotive equities.

TREE NEWS update: Yahong Medicine said it signed a conditional exclusive licensing agreement with Theramex for APL-1702 (branded CEVIRA), granting Theramex exclusive rights in European countries plus Australia, New Zealand and Turkey. Yahong retains rights for all other regions. The company will receive a $15 million upfront payment, $11 million in near-term registration milestones, plus commercialization milestones and tiered sales royalties, with the total deal value exceeding $250 million.

TREE NEWS update: AMD CEO Lisa Su said Wednesday the US chipmaker will continue to explore cooperation opportunities with Samsung Electronics in memory and foundry. On tight memory chip supply, Su said AMD is working with customers to optimize memory usage to meet more computing demand ahead. During a visit to Seoul, she said she had met SK Hynix executives and plans to meet Samsung Electronics executives.

TREE NEWS update: Huahai Pharmaceutical announced it expects net profit attributable to shareholders of 1.028 billion to 1.103 billion yuan for the first three quarters of 2026, up roughly 170% to 190% from 380 million yuan a year earlier. Non-recurring net profit is forecast at 662 million to 743 million yuan, up about 145% to 175%. Growth stems from API, domestic formulation and US formulation businesses, plus arbitration-related gains, proceeds from a subsidiary stake disposal and lower R&D expenses.

TREE NEWS update: Sanan Optoelectronics said it received a notice from a supervisory authority on October 5, 2026 lifting the detention of deputy chairman and general manager Lin Kechuang, who had been placed under detention and formally investigated on April 9, 2026. The company said Lin can now perform his duties normally and that production and operations are normal.

TREE NEWS update: Robinhood has purchased $25 million worth of bitcoin for its corporate balance sheet, SVP Johann Kerbrat said, describing the move as a signal of the company’s commitment to the crypto sector. The purchase deepens the brokerage’s push into digital assets.

TREE NEWS reports: European equities opened lower on the day, with the Euro Stoxx 50 down 0.7% at the open. Germany’s DAX also fell 0.7%, France’s CAC 40 dropped 0.6% and the UK’s FTSE 100 slipped 0.4%.