Flash News

TREE NEWS reports: Counterpoint projects Apple’s iPhone Duo will sell 6 million units this year. The forecast covers the device’s full-year sales outlook. No further details were provided.

TREE NEWS reports: China’s ChiNext Index reversed early gains to trade lower, having risen nearly 1% at the open. The STAR 50 Index dropped nearly 2%. The intraday swings came as the two growth-focused boards diverged, with the Shanghai tech board’s decline outpacing the ChiNext’s reversal.

TREE NEWS reports: Chinese power stocks strengthened in early trading, with Huitian Thermal Power, Hangzhou Thermal Power and Dalian Thermal Power rising by the daily limit. Mindong Electric Power, Hunan Development and Jingneng Thermal Power also advanced. No specific catalyst was cited for the move.

TREE NEWS reports: Chinese innovative drug and CRO concept stocks rallied on Monday, with CanSino Biologics touching the 20% daily limit-up on the ChiNext board. Harbin Pharmaceutical Group approached limit-up, while Sino Biological, Tainuo MaiBo, JenKem Technology and Sanyuan Gene all gained more than 7%.

TREE NEWS reports: The CSI Convertible Bond Index opened 0.15% higher. Runhe Convertible Bond 02 led gains at 14.43%, followed by Zhen 26 Convertible Bond at 2.86%, Weidao Convertible Bond at 2.14%, Dinglong Convertible Bond at 1.97% and Yunji Convertible Bond at 1.95%. On the downside, Tianyuan Convertible Bond fell 0.91%, Lanxiao Convertible Bond 02 dropped 0.78%, Changgao Convertible Bond lost 0.39%, Jingyuan Convertible Bond slipped 0.38% and Shenneng Convertible Bond declined 0.37%.

TREE NEWS reports: Chinese real estate shares fell at the open, with Wawu and World Union hitting the 10% daily limit down. Shenzhen Property A, Shenzhen Zhenye A, Tefa Service and China Vanke A each dropped more than 6%.

TREE NEWS reports: China’s major A-share indexes opened higher, with the Shanghai Composite at 3839.25, up 0.23%. The Shenzhen Component rose 0.44% to 12958.08, the ChiNext Index gained 0.70% to 3164.70, and the CSI 300 added 0.27% to 4356.80. The STAR 50 opened at 1576.51, up 0.46%, while the CSI 500 and CSI 1000 rose 0.40% and 0.49% respectively.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.53% lower at 24,393.88, while the Hang Seng Tech Index slipped 0.41%. Tencent Music and JD.com each fell more than 2%, with Zhipu rising more than 2%.

TREE NEWS reports: The combined margin financing balance on the Shanghai and Shenzhen stock exchanges stood at 2.57147 trillion yuan as of September 29, down 2.048 billion yuan from the previous trading day. The Shanghai exchange’s balance rose 714 million yuan to 1.319482 trillion yuan, while the Shenzhen exchange’s balance fell 2.762 billion yuan to 1.251988 trillion yuan.

TREE NEWS reports: Japan’s Topix index extended its advance to 1% on the day, pushing the broad-based Tokyo benchmark higher. The move reflects firm demand across the market’s constituent shares. No further details were given in the latest reading.

TREE NEWS reports: US equity futures moved higher, with Nasdaq 100 futures gaining 0.4%. The move signals a positive pre-market tone for US stocks ahead of the cash session.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.8% higher, while South Korea’s Kospi Composite index opened up 1.1%. The two benchmarks started the session in positive territory.

TREE NEWS reports: Southbound capital has bought a net HK$430 billion of Hong Kong stocks so far this year, making it one of the market’s most important sources of incremental funds, Wind data show through September 29. Information technology, industrials and financials drew the largest net buying over the past month. Institutions expect the market’s overall trend to stay positive on improving liquidity expectations, earnings and valuation appeal, though overseas liquidity swings and tech valuation volatility remain near-term risks.

TREE NEWS reports: Hong Kong’s IPO pipeline held 369 applications under review as of Sept. 29, with 76 companies completing listings this year and 7 cleared but not yet trading, Wind data show. Mainland AI and hard-tech firms and A+H dual listings are driving the surge. Deloitte expects 160 new listings in 2026 raising at least HK$480 billion, potentially topping the 2010 record.

TREE NEWS update: Robinhood is rolling out weekend trading for select US stocks and ETFs, filling in the sessions left uncovered since its 24-hour market launched in 2023. The brokerage also launched Robinhood Agents, letting users run market research and execute trades via OpenAI or Anthropic models, with long-term automated strategy instructions planned. Eligible US customers will get bitcoin and ether perpetual futures with up to 10x leverage.

TREE NEWS reports: Multiple brokerages have issued a wave of Hong Kong stock allocation views, arguing that external disruptions are easing and valuation downside is limited, so pullbacks may offer entry points. The barbell strategy of a high-dividend base paired with AI offense is becoming the institutional consensus, with growth exposure in the AI application chain and defense anchored in dividend assets. As third-quarter earnings season approaches, focus is shifting from macro noise to fundamental verification, including AI commercialization and dividend sustainability.

TREE NEWS reports: China’s innovative drug sector has seen repeated bouts of activity, with interim results showing pharma industry profit growth outpacing revenue growth, supported by commercialization of innovative drugmakers and a recovery in CXO orders. Analysts say the sector is shifting from R&D-driven to commercialization-driven, with overseas clinical progress and product approvals seen opening further upside, while recovering R&D demand at home and abroad is expected to feed through to the CXO supply chain.

TREE NEWS reports: China’s three major A-share indexes closed higher on September 29, stabilizing after declines, while market turnover fell to its lowest in more than a year. Market participants attributed the thinner trading to the pre-holiday lull and said capital returning after the break could lift stocks, with technology still seen as the medium-term main line. They recommended buying tech growth leaders on dips and holding high-dividend assets as a base position.

TREE NEWS reports: The 10-year US Treasury yield has broken above 5%, with the 30-year yield climbing to multi-year highs and bond market volatility widening sharply. A Bank of America global and Asia fund manager survey found rising bond yields have overtaken the AI bubble as investors’ biggest perceived risk. Some global funds have ended long-running underweights to Chinese equities, prompting institutions to emphasize duration selection and broader diversification.

TREE NEWS reports: Chinese private fund managers are increasingly using public-market tools to express macro and sector views. So far this year, products from 141 private fund managers have appeared on the top-ten holder lists of 193 ETFs listed in 2026. Managers are combining ETFs, QDII and REITs to build alternative allocations across assets and markets at low cost.