Flash News

TREE NEWS reports: China’s three major stock indices closed lower on a thin-volume session, with the ChiNext Index down 0.6% and the Shanghai Composite off 0.39%. PCB-related shares repeatedly rallied, led by Daya Shengxiang’s fourth straight limit-up, while coal and media stocks fell. About 3,500 stocks declined across the Shanghai, Shenzhen and Beijing exchanges, with turnover at 1.78 trillion yuan.

TREE NEWS reports: European equities opened higher on the day, with the Euro Stoxx 50 rising 0.48% at the open. Germany’s DAX gained 0.36%, the UK’s FTSE 100 added 0.32%, and France’s CAC 40 was up 0.362%.

TREE NEWS reports: Novo Nordisk CEO Mike Doustdar said the company is open to upgrading its New York listing to a direct listing as it seeks to raise its profile in the US, though no active discussions are underway. Doustdar sees advantages in replacing Novo Nordisk’s ADR with a direct listing on the New York Stock Exchange, following a similar move by AstraZeneca earlier this year.

TREE NEWS update: Filings released Tuesday show accounts held by Donald Trump executed 1,156 securities trades in July, with total volume between $79 million and $270 million, including at least $43.6 million in buys and $35.6 million in sells. On July 20 the accounts sold $5 million to $25 million each of Microsoft and Amazon stock — the month’s largest single trades — while selling $1 million to $5 million of Oracle and buying $500,010 to $1 million of Nvidia. Three days later the accounts modestly rebuilt the Microsoft and Amazon positions, and also traded SpaceX and Tesla-linked names.

TREE NEWS reports: South Korea’s KOSPI closed up 61.02 points, or 0.87%, at 7,078.93 on Wednesday. Japanese stock markets were closed for the day, leaving Seoul as the only major regional market trading. The index’s gain came in a session without direction from Tokyo.

TREE NEWS update: Dongguan Holdings announced on the evening of Sept. 22 that it plans to acquire 65% of Dongguan Low-Altitude Economy Development Co. for 6.0542 million yuan from controlling shareholder Dongguan Communications Investment Holding Group. The target company holds exclusive airspace rights, and the deal is intended to let Dongguan Holdings explore emerging industries.

TREE NEWS reports: Hong Kong-listed AI application shares fell through the afternoon session on September 23, with Zhipu (02513.HK) dropping more than 10%. Kingdee International (00268.HK) lost over 7%, while Meitu (01357.HK) and MINIMAX-W (00100.HK) also declined.

TREE NEWS reports: Hong Kong-listed large-model concept stocks extended losses, with Zhipu falling more than 10% and MiniMax dropping over 5%. The decline marks a continued pullback in the sector’s Hong Kong-listed names.

TREE NEWS reports: Chinese property shares extended gains as market rumors circulated that a nationwide mortgage interest subsidy would soon land, with the Ministry of Finance and local governments each covering 20-50 basis points and total relief of up to 100 BP pushing first-home loan rates to 2%. A separate rumor cited a 100 billion yuan quota with a 20 BP subsidy for first homes. Multiple brokerage property analysts said a nationwide subsidy is unlikely, with one noting extending loan terms at the national level is roughly equivalent to the interest saved by subsidies or rate cuts.

TREE NEWS reports: The Beijing 50 Index extended its gains in afternoon trading, rising more than 3% intraday. The small-cap index tracking Beijing Stock Exchange-listed companies strengthened through the session, marking one of its sharper single-day moves. No specific catalyst for the advance was cited.

TREE NEWS update: CITIC Securities has arranged an internal leadership change under which Chairman Zhang Youjun will retire and current general manager Zou Yingguang will take over, with the arrangement made on September 22. The appointment still requires the listed company’s formal corporate procedures before taking effect.

TREE NEWS reports: The Shanghai Composite closed the morning session at 3,938.08, down 0.36%. The Shenzhen Component fell 0.58% to 13,644.72, the ChiNext Index dropped 0.43% to 3,385.30, and the CSI 300 eased 0.50% to 4,521.75. The STAR 50 shed 0.12% to 1,662.98, while the CSI 500 and CSI 1000 lost 0.38% and 0.20% respectively.

TREE NEWS reports: China’s three major A-share indices edged lower at the midday break on September 23, with the Shanghai Composite down 0.36%, the Shenzhen Component down 0.58% and the ChiNext down 0.43%, while the BSE 50 rose more than 2%. PCB names kept rallying, with Daya Shengxiang notching a fourth straight limit-up, and glass-substrate concept stocks also climbed. More than 3,500 stocks fell across the Shanghai, Shenzhen and Beijing exchanges, with half-day turnover at 1.17 trillion yuan.

TREE NEWS reports: Chinese semiconductor chip stocks moved higher in choppy trade, with Kangqiang Electronics hitting the daily limit up. Jingsheng Co. and Huizhi Micro rose more than 10%, while Dio Micro, Xiandao Jidian and Hongwei Technology each gained over 6%.

TREE NEWS reports: Chinese A-share innovative drug and CRO concept stocks rallied again, with Heryuan Biotech, Baipusaisi, Yinuosi and Yiqiao Shenzhou each rising more than 10%. Jimin Health had earlier hit the daily limit, while Ailisi, Haoyuan Pharma and Medicilon gained over 8%.

TREE NEWS reports: Kingboard Laminates shares rose as much as 6% intraday after JPMorgan initiated coverage with an Overweight rating and a HK$65 target price, implying about 41% upside from Tuesday’s close. JPMorgan forecast EPS to grow eightfold between 2025 and 2028, driven by higher copper-clad laminate prices, capacity expansion and a 75% increase in loom equipment over the next two years. It expects the fiberglass fabric shortage to last at least until 2027, with tight supply of mid-to-high-end electronic-grade copper foil intensifying in 2027-2028.

TREE NEWS reports: Hong Kong’s Hang Seng Index extended its intraday decline to 1%, with the benchmark slipping further during the trading session. The move marks a widening of losses for the Hong Kong equities gauge on the day. No specific catalyst for the drop was cited.

TREE NEWS update: Cnano Technology said at its 2026 half-year results briefing that its carbon nanotube-related products are facing multiple growth opportunities, driven by expanding applications in power, energy-storage and consumer batteries, and by upgrades in sodium-ion, silicon-carbon anode and semi-solid/solid-state battery technologies. New uses including long-cycle energy storage, shielding materials, the low-altitude economy and robotics are also expected to benefit the products. The company said penetration of its single-walled products will rise gradually and shipments will grow rapidly.

TREE NEWS reports: China Vanke’s A-shares rose to the 10% daily limit on the Shenzhen Stock Exchange, the stock’s sharpest single-session move. The rally came without any company announcement of new funding or operational developments in the available material. No further details on the trigger or trading volume were disclosed.

TREE NEWS reports: Hong Kong-listed mainland property developers climbed, with China Vanke rising 11% and Sunac China gaining more than 8%. Country Garden and China Aoyuan each advanced nearly 6% in the same session. No specific catalyst was cited for the move.