Flash News

TREE NEWS reports: US stocks opened lower, with the Nasdaq Composite down 0.83%, the Dow Jones Industrial Average off 0.26% and the S&P 500 down 0.48%. The declines mark a weak start to the session across all three major US equity benchmarks.

TREE NEWS reports: JPMorgan’s Grace Peters said US equities can keep climbing even as rising Treasury yields raise the bar for earnings growth. She cited strong economic data, bond supply to fund AI infrastructure, and inflation worries from oil above $100 a barrel as drivers of higher yields. Peters said fixed income still has a place in portfolios but requires selectivity, and she prefers stocks, expecting a broadening earnings “supercycle.”

TREE NEWS update: The US International Trade Commission voted to investigate certain DRAM products made by Micron Technology and the server makers using those chips, following a complaint filed by Irvine, California-based memory supplier Netlist. Netlist alleges the companies violated US tariff law by importing and selling DRAM devices and products containing them that infringe its patents. Alongside Micron, the USITC said it will investigate server manufacturers Hewlett Packard Enterprise, Super Micro Computer and Lenovo Group.

TREE NEWS reports: The selloff in global bond markets intensified, pushing the US 30-year Treasury yield to its highest level since 2004, while Japan’s 10-year government bond yield jumped 10 basis points to its highest since 1996. A Federal Reserve official said another rate hike before year-end would be “reasonable,” and Oracle fell 2.8% premarket after issuing a force majeure notice on its New Mexico data center.

TREE NEWS update: Oracle shares dropped 2.8% in premarket trading after the company issued a force majeure notice covering its New Mexico data center. The notice signals the facility’s operations may be disrupted by circumstances beyond the company’s control. Oracle has not disclosed what triggered the notice or the scope of any impact on services.

TREE NEWS update: Zhongji Innolight announced it has completed a share repurchase of 5.6531 million shares, or 0.48% of total share capital, for a total of 4.997 billion yuan excluding transaction fees. The buyback, part of a plan to spend between 4 billion and 8 billion yuan at up to 1,200 yuan per share, was finished as of September 23, 2026, with trades ranging from 806.93 to 944.68 yuan per share. The repurchased shares will fund an equity incentive or employee stock ownership plan.

TREE NEWS update: The Shanghai Stock Exchange and China Securities Index Co. will revise the compilation methodology for certain SSE series composite indices, adding a 15% cap on any single constituent’s weight and moving up the removal date for risk-warned securities to the trading day after the second Friday of the month following the risk warning announcement. The changes take effect on October 26, 2026.

TREE NEWS update: The Shanghai Stock Exchange issued a regulatory work letter to Xinhua Winshare Publishing and Media Co., Ltd. over recent fluctuations in the company’s share price. The letter, addressed to the listed company, concerns matters related to the movement of its stock. No further details of the exchange’s specific concerns were disclosed.

TREE NEWS update: Micron Technology is facing an investigation by the U.S. International Trade Commission over patent claims brought by U.S. semiconductor company Netlist. The probe was disclosed in the material without further details on the specific patents or products involved. Micron has not publicly commented on the matter.

TREE NEWS update: EVE Energy’s board approved the transfer of its entire 45% stake in Hubei Enjie New Materials to Shanghai Enjie New Materials for RMB 1.15 billion, the company said in a filing. The resolution was passed at the seventh board’s 14th meeting held on September 24, 2026. After the deal closes, EVE Energy will hold no equity in Hubei Enjie New Materials, with the transfer date set as the completion of industrial and commercial registration changes.

TREE NEWS reports: Hedge fund manager Li Bei said the opportunity in Chinese property stocks has upgraded from ‘once in a decade’ to ‘once in 20 years,’ despite a sharp short-term hit to prices from new rules on completed-home sales. The Banxia Investment founder expects 1-2 more years of industry consolidation and wider gaps between developers, with a few top firms that combine product strength and financing advantages potentially seeing 5-10x share gains over coming years. She also repeated a warning on AI bubble risk.

TREE NEWS reports: Qualcomm shares rose 1% in US pre-market trading. The move marks a modest gain for the chipmaker ahead of the opening bell, with no further details disclosed in the available material.

TREE NEWS update: Qualcomm announced it has renewed its global patent license agreement with Apple, with the new deal taking effect on April 1, 2027. The agreement covers Qualcomm’s patent licensing to Apple worldwide. No financial terms were disclosed in the announcement.

TREE NEWS update: Starbucks said in a regulatory filing that it will close 250 underperforming coffee shops in North America, as CEO Brian Niccol intensifies a restructuring push aimed at lifting sales. The closures add to the company’s efforts to streamline its store footprint across the region.

TREE NEWS reports: Darden Restaurants reported first-quarter adjusted earnings from continuing operations of $2.05 per share, matching the $2.05 estimate and up from $1.97 a year earlier. Quarterly sales rose 5.1% year over year to $3.20 billion, just below the $3.21 billion consensus, while same-restaurant sales grew 3.2% against a 4.7% gain in the prior-year quarter.

TREE NEWS update: Oura, the maker of the Oura Ring, has filed to list on the Nasdaq Global Select Market under the ticker OURA, with a preliminary IPO price range of $40 to $44 per share. The offering covers 50 million shares, including new shares issued by the company and shares sold by existing shareholders. Oura pairs hardware sales with a recurring membership subscription, and its latest filing showed strong revenue growth and positive net income.

TREE NEWS update: BlackBerry reported second-quarter revenue of $163.3 million, topping estimates of $145.8 million. Adjusted basic earnings per share came in at $0.070 versus the $0.04 consensus. The company guided full-year adjusted EBITDA to $141 million–$158 million and full-year adjusted basic EPS to $0.19–$0.22, against a market estimate of $0.19.

TREE NEWS update: Baozun’s board has authorized management to set up and implement a new share repurchase program allowing the company to buy back up to $10 million worth of its shares over the twelve months beginning September 24, 2026. The e-commerce services company disclosed the plan in a regulatory announcement.

TREE NEWS update: CATL bought back 680,400 of its own shares on September 24 for RMB 200 million. The Shenzhen-listed battery maker disclosed the repurchase without giving further details on price or the total size of the buyback program.

TREE NEWS reports: As of 3 p.m. on September 24, 39 companies listed on China’s A-share market had released third-quarter earnings previews. The breakdown covers 3 companies on the Shanghai Main Board, 3 on the STAR Market, 1 on the Shenzhen Main Board, 6 on the ChiNext board, and 26 on the Beijing Stock Exchange.