Flash News

TREE NEWS reports: A group of Chinese growth-style funds has rebounded more than 40% since August, with net asset values recovering quickly. Managers including Huashang Fund’s Yu Yi, E Fund’s Huang Yunjie and Founder Fubon Fund’s Qiao Peitao pushed some products to record highs this week through flexible positioning. Managers have cut pure-theme plays and weak-order names, adding on dips to high-barrier computing supply-chain stocks with sustained order validation.

TREE NEWS reports: Hua Bao Fund, CCB Fund, HSBC Jintrust Fund, Fullgoal Fund and other Chinese mutual fund houses have held their autumn investment strategy meetings, with institutions broadly favoring equity asset allocation on expectations of abundant opportunities. AI remains a key investment theme, the funds said. The strategy meetings mark the start of the funds’ autumn positioning window.

TREE NEWS reports: Price increases for printed circuit boards are passing smoothly through to downstream customers, with PCB makers entering a profit-recovery window. Beyond AI computing demand, robotics and optical modules are emerging as new growth drivers, pushing the industry toward a ‘strong get stronger’ pattern.

TREE NEWS reports: Chinese equity-focused private funds increased their stock positions for a second consecutive week, with the stock private fund position index rising through September 18. Funds holding more than 80% of assets in equities accounted for over 67% of the total as of September 18. Industry participants expect the market’s structural rally to shift toward earnings realization, with investment opportunities likely to broaden.

TREE NEWS update: People Inc. has withdrawn its proposal to acquire MGM Resorts International. No reason for the withdrawal was given in the available material, and no financial terms of the proposed transaction were disclosed. MGM Resorts International operates casino and hospitality properties.

TREE NEWS reports: Nasdaq futures, S&P 500 index futures and Russell 2000 index futures each rose 0.1% in early Asia-Pacific trading on Thursday. No further market details were given in the initial quote.

TREE NEWS update: Citigroup will hold a meeting with loan investors on Thursday at 10:30 a.m. New York time concerning Paramount Skydance Corp., as banks prepare to sell debt to fund its acquisition of Warner Bros. Discovery. Citi, Bank of America and Apollo Global Management co-underwrote one of the largest leveraged buyout debt packages ever earlier this year for the deal, and had locked in substantial investor demand before the transaction stalled amid threats of legal action.

TREE NEWS reports: The US cryptocurrency and crypto-linked equities index dropped 3.36% to 80.04 points, extending its decline. Over the past 24 hours, spot bitcoin fell 2.23% to $84,346.88, with a short, sharp drop around 22:00 Beijing time. Spot ether fell 2.92% to $2,673.16.

TREE NEWS reports: At the New York close on Wednesday, September 23, S&P 500 futures finished down 0.75%, Dow futures fell 0.7% and Nasdaq 100 futures lost 0.83%. Russell 2000 futures slid 1.69%, the steepest decline among the four contracts.

TREE NEWS reports: Moody’s Ratings said five US tech giants have amassed a combined $2.8 trillion in off-balance-sheet obligations tied to artificial intelligence investments, up from just $350 billion in 2023. Amazon, Microsoft, Alphabet, Meta Platforms and Oracle have signed nearly $3 trillion in leases, purchase commitments and guarantees that do not appear on their balance sheets, the report said.

TREE NEWS update: Stellantis NV has paused white-collar hiring, the European automaker confirmed. The freeze covers salaried, non-production roles at the carmaker, which owns brands including Jeep, Ram, Peugeot and Fiat. No timeline for lifting the pause was given.

TREE NEWS reports: US sector ETFs closed almost entirely lower on Wednesday, September 23, with the global airlines ETF falling 2.99% and the biotech index ETF losing 2%. Consumer discretionary, regional banks, banks, internet, semiconductor and global tech index ETFs each fell at least 1%, while the energy sector ETF gained 0.96%.

TREE NEWS reports: On Wednesday, September 23, US broad-asset ETFs closed broadly lower, with emerging-market ETF down 2.01%, Russell 2000 ETF down 1.84% and gold ETF down 1.8%. Treasury 20+ year, real estate, investment-grade corporate bond and convertible bond ETFs fell as much as 1.58%, while Nasdaq 100, S&P 500 and Dow ETFs each lost under 1%. The United States Brent Oil Fund rose 4.23% and the dollar index long position gained 0.6%.

TREE NEWS reports: Ten of the S&P 500’s 11 sectors closed lower, with telecom down 1.89% and utilities off 1.88%. Consumer discretionary and real estate each fell as much as 1.63%, while information technology slipped 0.66%. Energy was the lone gainer, rising 1.04%.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.13% to 3,246.97 on Wednesday, September 23. The gauge edged slightly higher in early Asia-Pacific trading and touched a session high of 3,295.81 at 08:46 Beijing time before steadily declining, with the drop accelerating after the US market opened.

TREE NEWS reports: Derivatives tied to Nvidia have become one of the most actively traded instruments in the US credit default swap market, with $6.9 billion in notional credit protection traded over the past six months. Nvidia has been added to the CDX investment-grade index. The cost of hedging against an Nvidia bond default has doubled this year, following heavy borrowing and a series of announced AI-related infrastructure deals.

TREE NEWS reports: Paychex Inc. (PAXY) closed down 8.8%, its largest single-day decline since June 2025. The payroll and HR services company’s shares posted the steepest one-session loss in roughly seven months.

TREE NEWS reports: The S&P 500 closed 0.8% lower, with utilities, telecom, consumer discretionary and real estate falling as much as 1.9%, while tech slipped 0.8% and energy gained about 0.9%. The Nasdaq 100 fell 0.9%, led by Paychex down 8.3%, Airbnb down 7.7%, SpaceX down 4.1% and Google A down 3.7%; CrowdStrike rose 5% and Thomson Reuters 2.9%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 1.4%, with Alibaba falling 4.5% and Xiaomi, Tencent, ASE Semiconductor and Baidu each dropping at least about 3%. Pinduoduo slipped 1.4%, while Li Auto gained 0.4% and New Oriental rose 2.3%. Among ETFs, KWEB fell 2% and CQQQ lost 1.8%.

TREE NEWS reports: Bank of America clients returned to buying US equities and ETFs last week, with record inflows into mid-cap stocks and the healthcare sector, strategist Jill Carey Hall said. Clients bought mid-caps and small/micro-caps while selling large-caps, pushing mid-cap inflows to an all-time high, following the prior week’s sharp de-risking outflows.