Flash News

TREE NEWS reports: Robinhood CEO Vlad Tenev said crypto will beat sports as the dominant category in prediction markets, arguing renewed interest in the sector is drawing attention back to digital assets. The call comes as prediction-market volumes have been driven largely by sports contracts, and Tenev’s bet implies crypto-linked markets will take a larger share. No timeline or specific market was given.

TREE NEWS update: China Vanke said in a Sept. 22 filing that its A-shares rose more than 20% cumulatively over three straight trading sessions (Sept. 18, 21 and 22), triggering an abnormal trading alert. The developer said recent operations are stable with no major change in its internal or external environment, and that it is pushing ahead with 2026 plans to focus on risk resolution and development through asset revitalization, block asset sales and refinancing or extensions. It flagged no undisclosed material information.

TREE NEWS update: Xingyun Technology announced it has signed three computing power service contracts to purchase 43 sets of GPU computing power services, with a total tax-inclusive value of RMB 453 million. The contracts, each running for five years, follow a broader framework procurement agreement with a state-owned supplier for 128 sets of high-end computing servers and supporting services.

TREE NEWS update: China’s Mindong Electric said its shares rose 100.02% in cumulative deviation over 10 consecutive trading days, climbing from 10.43 yuan on Sept. 9, 2026 to 20.91 yuan on Sept. 22, while fundamentals were unchanged. First-half 2026 revenue fell 17.65% to 237 million yuan and net profit attributable to shareholders dropped 58.68% to 29.41 million yuan. The company said it has no computing-power/grid coordination, green power direct-connection or smart-grid business, its virtual power plant is not yet commercialized, and its offshore wind projects have generated no revenue.

TREE NEWS reports: Nvidia’s forward price-to-earnings ratio has dropped below 17 times estimated earnings for the next 12 months, its cheapest level in more than a decade. That is roughly half the level seen in 2025, when revenue and profit growth were slower, and well below the more than 25x forward P/E reached in May. The declining valuation is flashing a warning signal about whether the chipmaker can sustain its explosive earnings growth.

TREE NEWS update: Seres chairman Zhang Xinghai said at the company’s half-year results briefing that its cross-sector partnership with Huawei has been upgraded to an AITO-exclusive operating model, covering dedicated channels, service teams and brand operations. He said the new model is a further innovation in the two firms’ cooperation and will support AITO’s high-quality, sustainable development.

TREE NEWS update: China International Capital Corporation (CICC) said its A-shares will resume trading on the Shanghai Stock Exchange from the open on September 23, 2026. The shares were suspended from September 15 for a filing period, which ended September 17, in which dissenting A-share holders could exercise their right to have their shares purchased. The result relates to CICC’s share-swap absorption merger of Dongxing Securities and Xinda Securities.

TREE NEWS update: X has added a trade button to cashtags, letting US users tap tickers such as $BTC to see a live chart and hand off to a brokerage to execute the trade. The partners named are Coinbase, Kraken, Gemini, Interactive Brokers and Moomoo, with the trade executed at the partner rather than on X itself.

TREE NEWS update: Hon Hai Precision Industry’s board approved the issuance of up to NT$60 billion in unsecured ordinary corporate bonds, to be sold in one or multiple tranches. Proceeds will be used to repay debt and boost working capital, with the tenor and coupon to be set based on market conditions and pricing results.

TREE NEWS reports: UBS strategists said the popularity of Meta’s new consumer-facing AI agent Muse points to rising demand across the AI supply chain. They said Muse’s successful launch shows AI firms have revenue paths beyond selling technology to large enterprises. Growing competition in AI products will further lift demand for computing power and AI infrastructure, benefiting leading semiconductor and hardware companies.

TREE NEWS reports: Brent crude fell 1.0% on the day to $95.27 a barrel and WTI dropped 2.0% to $90.47, a short-term slide in international oil prices. US equity futures moved the other way: Dow futures turned positive, up 0.16% intraday, while S&P 500 futures gained 0.03%.

TREE NEWS update: Aoni Electronics said its wholly owned subsidiary Aoni Intelligent signed a purchase contract with Company A to buy GPU compute card products for a total of 1.67 billion yuan, tax included. The company said the contract is a major routine operating contract that requires no board or shareholder approval and does not constitute a related-party transaction or major asset restructuring. Fulfillment is expected to positively affect results in the performance year.

TREE NEWS reports: Nasdaq futures deepened their intraday drop to 0.4%, signaling pressure on US technology stocks. The move reflects a softer tone in equity futures trading during the session.

TREE NEWS reports: Hong Kong stocks closed higher, with the Hang Seng Index up 0.18% and the Hang Seng Tech Index up 0.34%. Internet shares led gains as Tencent Holdings rose more than 5%, while large-model concept stocks fell, with Zhipu dropping over 6% and MINIMAX nearly 4%. PCB-related names were mixed, as Guanghe Technology gained over 6% and Kingboard Laminates fell more than 5%.

TREE NEWS update: Biwin Storage said on its investor interaction platform that its OEC (optoelectronic co-packaging) products are being developed with customers for 6.4T NPO optical engine packaging, with R&D targeted for completion in the fourth quarter of 2026. The company said its advanced packaging ecosystem spans the three core areas of AI hardware infrastructure: storage, computing and transmission, with OEC aimed at ultra-high-speed interconnect demand.

TREE NEWS reports: US spot bitcoin ETFs drew $999 million in net inflows on Monday, the largest single-day haul since Oct. 6, 2025. The figure marks the biggest daily inflow for the funds in 11 months.

TREE NEWS reports: US spot Bitcoin ETFs took in close to $1 billion on Monday, their biggest single-day inflow since October 2025, as Bitcoin briefly traded above $87,000. The move marks a 2026 high for the funds and signals renewed investor demand for regulated Bitcoin exposure.

TREE NEWS reports: Southbound trading under the Stock Connect scheme recorded a net buying of 10 billion yuan. The figure reflects net inflows into Hong Kong-listed stocks via the mainland-Hong Kong connect mechanism on the day. No further breakdown by stock or sector was provided.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges reached 2.13555 trillion yuan on September 22. Shanghai accounted for 1.007996 trillion yuan, Shenzhen for 1.127555 trillion yuan, and the ChiNext board for 544.584 billion yuan.

TREE NEWS reports: China’s ChiNext Index closed up 0.01% and the Shanghai Composite added 0.06%, while the Shenzhen Component slipped 0.05%, after all three indexes retreated from intraday highs. AI application plays led, with Xinhua Winshare Publishing hitting a third straight limit-up and Huamei Holdings and Xinhua Media each posting a second. Total turnover across the Shanghai, Shenzhen and Beijing exchanges reached 2.15 trillion yuan as about 3,000 stocks fell.