Flash News

TREE NEWS reports: The Hang Seng Index main futures contract closed up 0.35% in overnight trading at 24,762 points. The Hang Seng Tech Index main futures contract closed up 0.26% at 4,311 points.

TREE NEWS reports: JPMorgan Chase shares pared their decline to 0.7% as company executives attended a Barclays event. The move left the bank’s stock modestly lower on the session, with the loss narrowing from earlier levels. No further details on the Barclays event were disclosed.

TREE NEWS reports: JPMorgan executive Doug Petno said the US is a more stable and stronger economy, with few yellow warning signs and no red flags at the consumer or corporate level. He said no systemic risks are currently a concern, M&A activity is quite active, and investment banking is broadly improving across regions. The bank expects third-quarter transaction fees to grow in the mid-to-high teens.

TREE NEWS reports: BitMine (BMNR) shares fell as much as 10.08% intraday and were trading at $23.19. The decline marks a sharp single-session drop for the crypto-linked equity.

TREE NEWS reports: Circle (CRCL) shares fell 10.23% intraday on September 16, trading at $87.39. The move marks a sharp single-session decline for the stablecoin issuer’s stock. No reason for the drop was given in the market data cited.

TREE NEWS reports: Global physically backed gold ETFs drew about $18 billion in net inflows in August, while China-listed gold ETFs took in more than 10 billion yuan since the start of August through September 14. Rising oil prices and expectations of Federal Reserve rate hikes are pressuring gold prices in the near term, though institutions expect central bank buying, reserve diversification and safe-haven demand to support the metal over the medium and long term.

TREE NEWS reports: Hard-tech exchange-traded funds in China drew more than 50 billion yuan (about $7 billion) in net inflows over the past month, with money concentrated in Sci-Tech 50, semiconductor, telecom and artificial intelligence themes. Tech-focused funds have also launched in quick succession, and disclosed holder lists for the newly listed ETFs frequently show industrial capital and institutional investors.

TREE NEWS reports: Science and technology innovation bond ETFs in China attracted more than 100 million net subscribed units each across 24 funds in August, lifting their combined scale by 13.2 billion yuan. The inflows came as policy support, expected incremental capital and an expanding underlying asset pool drove strong performance in the sector, with industry participants citing the bond market’s planned ‘technology board’ as a further opening for supply and institutional allocation.

TREE NEWS reports: LVMH lost its title as France’s most valuable company and dropped out of Europe’s top 10 listed firms on Tuesday, with shares falling 2.6% and market capitalization shrinking to €201 billion ($232 billion), slipping below L’Oréal. It is the luxury group’s first exit from the European top 10 since 2017. ASML Holding, Roche and HSBC now hold the top three spots.

TREE NEWS reports: The MSCI Nordic Countries Index closed roughly flat at 392.28 points, with healthcare the weakest of its ten sectors. Nibe Industrier AB fell 2.5%, the worst performer among Nordic constituents. No further index levels or sector figures were disclosed.

TREE NEWS reports: Germany’s DAX 30 closed down 0.17% at 25,397.02 in preliminary trading, while France’s index fell 0.39% and Italy’s dropped 0.27%, with Italian bank stocks down 1.17%. The UK index closed 0.46% lower.

TREE NEWS reports: Europe’s STOXX 600 closed provisionally down 0.38% at 633.56 points. The eurozone STOXX 50 fell 0.53% to 6,227.44, while the FTSE Eurofirst 300 slipped 0.44% to 2,531.09. All three indexes ended the session lower on a broad pullback across European equities.

TREE NEWS update: Solana digital asset treasury company Forward Industries (Nasdaq: FWDI) submitted an updated non-binding proposal to acquire all outstanding common stock of SkyAI, offering cash, Forward shares, or a combination. The offer values each SkyAI share at 0.306 Forward shares, or about $2.13 based on Forward’s Sept. 14 close of $6.95 — a 50% premium to SkyAI’s $1.42 close that day. Forward asked SkyAI’s board to respond by 5:00 p.m. ET on Sept. 25.

TREE NEWS update: Naspers repurchased 1.771604 million shares in the week of Sept. 7-11 at an average price of €35.9873, for a total of more than €63.7 million (over $74.1 million). Over the same period it bought back 541,876 shares at an average price of 734.1197 South African rand, totaling R397.8 million (about $24.8 million).

TREE NEWS update: US Treasury Secretary Scott Bessent said President Donald Trump fully agrees with Nvidia CEO Jensen Huang. Bessent made the remark in a statement, indicating White House alignment with the chipmaker’s chief executive. No further details were provided.

TREE NEWS reports: The Dow Jones Industrial Average fell more than 500 points, extending its decline to 1%, while the S&P 500 dropped over 0.4% and the Nasdaq lost 0.6%. The biotech index slid 1.7%, and the semiconductor index pared its gain to less than 1%.

TREE NEWS reports: Canada’s S&P/TSX Composite Index fell 0.4% to 9:53 a.m. Toronto time, as markets gave a muted reception to Prime Minister Mark Carney’s expanded corporate tax writeoff. Energy was the only sector in the green, lifted by higher oil prices. Carney is hosting an international investment summit on Tuesday.

TREE NEWS reports: Meta shares extended their advance to 2%, touching a fresh intraday high. The move marks the stock’s strongest level of the session, with no further details disclosed.

TREE NEWS reports: At the US market open, major sector ETFs traded mixed. The energy sector ETF rose more than 1%, while the biotech index ETF fell more than 1% and the consumer staples ETF dropped nearly 1%.

TREE NEWS reports: The Dow Jones Industrial Average fell 0.2%, the S&P 500 slipped 0.1% and the Nasdaq dropped 0.15% in early US trading, while the Philadelphia Semiconductor Index rose nearly 1%. Memory chip stocks mostly gained, with SK Hynix up about 2%, Micron up about 1% and SanDisk up about 1%. Optical communication shares advanced broadly: Coherent rose about 4%, while Marvell, Corning, Credo and Lumentum each gained about 2%.