Flash News

TREE NEWS update: Chinese public mutual funds have scheduled 72 new products to launch in October, targeting fourth-quarter investment opportunities. The lineup is dominated by equity funds and equity-inclusive “fixed income plus” products, with several Beijing Stock Exchange three-month holding-period funds starting subscription together. Fund houses remain optimistic on the medium- to long-term outlook for equity assets and are actively conducting research to find investment opportunities.

TREE NEWS update: Palantir CEO will attend a lunch meeting between US President Donald Trump and House Speaker Mike Johnson on Tuesday. The meeting is set for Tuesday and includes the Palantir chief alongside the president and the House speaker.

TREE NEWS reports: Investor Michael Burry, known for shorting the US housing market before the 2007-2009 financial crisis, said he is converting his short positions in key AI stocks into put options to gain more cost-effective leverage over a shorter time frame. “Fundamentally, I am moving the timeline forward,” Burry wrote in his Monday investment newsletter, adding that options are relatively cheap because volatility measures such as the VIX are unusually tight.

TREE NEWS reports: US equity futures closed lower in New York trading on Monday, September 28. S&P 500 futures fell 0.77%, Dow futures dropped 0.66% and Nasdaq 100 futures declined 1.09%. Russell 2000 futures ended down 0.63%.

TREE NEWS update: Faraday Future’s robotics business will be spun off and listed independently at a valuation of $200 million, the company said. The automaker’s vehicle business will be repositioned as a shared mobility plus smart cockpit technology operator. No timeline for the separate listing was given.

TREE NEWS update: Crypto exchange and wallet provider Blockchain.com plans to raise about $500 million through an initial public offering this year, targeting a valuation of $4 billion to $6 billion, and may scale back the offering if needed to complete the listing. The company, valued at $14 billion in 2022, confidentially filed IPO registration documents with the SEC in May. Recently listed Gemini, BitGo and eToro now trade roughly 50% to 80% below their post-listing highs.

TREE NEWS update: Navitas Semiconductor said it has been awarded the ALATTIS project by the U.S. Army Research Laboratory to develop next-generation 10 kV silicon carbide power semiconductor technology for defense applications. The company’s shares rose 22% in after-hours trading. ALATTIS stands for Accelerated Large Area 10 kV SiC IGBT Prototype Project, aimed at domestic manufacturing processes for 10 kV SiC IGBTs and PIN diodes. Contract value, duration and work location were not disclosed.

TREE NEWS reports: Blockchain.com is seeking to raise about $500 million in an IPO at a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains. The crypto company’s listing plans come amid a thaw in crypto capital markets.

TREE NEWS reports: The North America tech software index ETF closed down 0.55% at $105.43. Cybersecurity funds moved the other way: the Global X Cybersecurity ETF rose 1.54%, the Nasdaq Cybersecurity ETF gained 0.71% and the ETFMG Cybersecurity ETF added 0.94%.

TREE NEWS reports: Most of the S&P 500’s 11 sectors closed lower, with telecom down 1.67% as constituent Meta fell 4.79%, the worst performer. Consumer discretionary, financials and industrials each declined as much as 1.58%, while energy was the outlier, gaining 0.22%.

TREE NEWS reports: On Monday, September 28, the networking stock index ETF closed down 1.98%, the steepest decline among US sector ETFs. The global airline industry ETF fell 1.69%, while consumer discretionary, regional bank, banking and financial sector ETFs each dropped at least 1.19%. Global tech and semiconductor ETFs lost at least 1.1%, while energy, healthcare and biotech ETFs closed higher.

TREE NEWS reports: The gold ETF closed down 3.94% on Monday, September 28, leading declines among major US asset-class ETFs. Soybean, emerging-market, Barclays US convertible bond, Nasdaq 100 and agricultural funds fell between 1.33% and 1.02%, while the 20+ year Treasury ETF dropped 0.88%. The US dollar index long gained 0.28%, the VIX long rose 0.92% and the Brent oil fund added 1.14%.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.41% on Monday, September 28, closing at 3,154.61 points. After a brief early climb-and-fade in Asia-Pacific trading, the gauge held near 3,190 at the US open before extending losses. Aurora Innovation, Plug Power, Ambarella, PM Materials and Rivian led the declines, while Hong Kong-listed Horizon Robotics rose 2.11%, Geely Auto gained 3.65% and RoboSense climbed 4.31%.

TREE NEWS reports: Meta closed down 4.8%, bringing its cumulative decline over the past two trading sessions to 8%. The two-day slide marks the sharpest back-to-back drop for the social media company’s shares in the current stretch of trading.

TREE NEWS reports: MongoDB Inc. (MDB) closed down 18%, its worst single-day performance since March. The decline marked one of the sharpest one-day selloffs for the database software company’s shares in months.

TREE NEWS reports: US stocks closed lower, with the Dow down 0.60%, the Nasdaq down 1.11% and the S&P 500 down 0.72%. Among notable names, Riot Platforms (RIOT) fell 6.04%, Intel (INTC) dropped 5.60%, SKHY lost 4.81%, Meta (META) declined 4.78%, Tesla (TSLA) fell 4.04% and Block (XYZ) slid 4.02%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 1.1%, with NetEase rising 4.8% and Huazhu and Zai Lab each adding 2.9%. Pinduoduo, Li Auto, Bilibili, Atour, Miniso, Yum China and Trip.com gained at least about 1.2%, Tencent rose 0.8% and Xiaomi was flat, while Baidu fell 0.3% and Alibaba dropped 0.8%. Among ETFs, CQQQ fell 2.2% and KWEB rose 0.4%.

TREE NEWS reports: The S&P 500 closed down 0.8%, with telecom, consumer discretionary, financials and industrials falling as much as 1.7%, while tech dropped 0.8% and energy gained 0.1%. The Nasdaq 100 fell 1%, as Arm Holdings slid 8.5% and DoorDash, Qualcomm, Intel, Meta, Marvell and Tesla each lost at least 3.8%. The Philadelphia Semiconductor Index dropped 1.6% and the storage-chip index fell 1.8%.

TREE NEWS update: Tesla said on X that it is postponing its Roadster event to Oct 15 because of bad weather. The event had been scheduled to take place earlier. No further details were provided.

TREE NEWS reports: The Hang Seng Index closed its main night session down 0.06% at 24,698 points. The Hang Seng Tech Index also slipped 0.02% to close at 4,304 points in the same session.