Flash News

TREE NEWS update: Chinese auto whole-vehicle stocks extended their rally, with Ankai Bus hitting a second straight daily limit-up and Zotye, Haima, Zhongtong Bus and Shuguang opening higher. GAC Group announced it is planning to issue shares to acquire part of a whole-vehicle joint venture held by FAW Group.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.07% higher at 24,934.06, while the Hang Seng Tech Index rose 0.47%. Iluvatar CoreX gained 3.5%, with MINIMAX, Lenovo and Meituan each up more than 1%.

TREE NEWS update: GAC Group said its H shares will resume trading on the Hong Kong Stock Exchange from 9am today. All structured products linked to the company will also resume trading at the same time. The automaker gave no further details in the announcement.

TREE NEWS reports: The combined margin financing balance on the Shanghai and Shenzhen stock exchanges fell by 4.976 billion yuan to 2.589 trillion yuan as of September 14. The Shanghai Stock Exchange’s balance stood at 1.328 trillion yuan, down 2.693 billion yuan from the previous trading day, while the Shenzhen Stock Exchange’s balance was 1.261 trillion yuan, down 2.283 billion yuan.

TREE NEWS update: Seoul-based hedge fund Life Asset Management has urged Samsung Electronics to buy back and cancel its preferred shares, according to a letter sent to the company’s board and management this week. The fund asked the board to consider the plan at its October meeting and to cancel the shares by the end of December, aiming to close the price gap between the preferred and common stock.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.5% lower and South Korea’s KOSPI opened down 0.4% on the session. The two benchmarks started the trading day in negative territory.

TREE NEWS update: Poly Developments has disclosed a prospectus for 5 billion yuan of targeted convertible bonds, making it the first A-share listed property developer to launch refinancing since China’s new real estate policy took effect. In late August, the CSRC issued an opinion supporting listed developers in using shares, targeted convertible bonds and cash to acquire property-related assets, with proceeds allowed for qualifying projects and deal consideration.

TREE NEWS reports: A total of 135 A-share listed companies completed private placements between January 1 and September 14 this year, up 39.18% from 97 in the same period of 2024. The figures, counted by issuance date, point to a pickup in China’s follow-on equity financing activity.

TREE NEWS reports: China’s ETF assets have swung sharply this year, with overall industry scale first falling then recovering as capital flows in and out at high frequency amid rapid sector rotation in the A-share market. The pattern has become the norm and poses a new challenge to fund companies’ operational management, the industry players said, calling for a better investor base and technology-enabled精细化 management to fit the new market ecology.

TREE NEWS reports: Multiple industry analysts expect the Federal Reserve to begin a preventive rate hike in September, saying near-term market disruption should be limited and the Fed lacks a basis for sustained large increases. With macro pressure settling, A-share market direction is seen shifting to industry-level changes, with AI compute chains and rising resource prices flagged as key opportunities, alongside banks, insurers and oil and gas sectors.

TREE NEWS reports: Macro Risk Advisors LLC said a Federal Reserve rate hike that could begin this week may trigger a correction in the S&P 500 of as much as 10%. Narrowing corporate profit margins would weigh on the earnings outlook, the firm said, as the market positions for a new tightening cycle.

TREE NEWS reports: The US hyperscalers index rose 1.05% to 98.94 points on Monday, September 14. Alphabet Class A closed up 3.22%, Meta gained 2.71% and Microsoft added 1.97%, while Amazon fell 1.26% and Oracle dropped 3.65%.

TREE NEWS reports: The US rate-cut winners index rose 0.61% on Monday to close at 91.47 points. The move came as markets tracked stocks positioned to benefit from Federal Reserve interest-rate reductions.

TREE NEWS reports: The US cryptocurrency and crypto-linked index rose 0.43% to 73.68 points. Over the past 24 hours, spot bitcoin gained 2.07% to trade at $78,920.56, moving between $76,361.47 and $79,586.16. Spot ether rose 1.70% to $2,554.440, having spiked to $2,614.600 at 04:21 Beijing time.

TREE NEWS reports: At the Monday close in New York, S&P 500 futures finished down 0.34%, Dow futures fell 0.20% and Nasdaq 100 futures dropped 0.67%. Russell 2000 futures ended 0.31% lower, with the tech-heavy Nasdaq 100 posting the steepest decline among the four contracts.

TREE NEWS reports: The US memory chip and hardware supply chain index fell 6.21% to 190.76 on Monday, September 14. Teradyne led the decline, closing down 13.30%. Lam Research and SK Hynix ADRs dropped at least 7.6%, while Rambus, Applied Materials and Micron Technology each fell at least 5.25%. SanDisk lost 4.98%, Western Digital 4.53% and Seagate Technology 2.97%.

TREE NEWS reports: The Magnificent 7 index closed up 0.05% at 228.12 on Monday, September 14, recovering from a lower open. The mega-cap tech index fell 0.49% to 452.26, also rebounding after opening down and nearly erasing its losses after 02:00 Beijing time.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index closed down 0.65% at 3,299.24 on Monday, September 14, after giving back an intraday advance. The gauge had briefly turned positive between 10:00 and 14:00 Beijing time before fading through the rest of the session.

TREE NEWS reports: On Monday, September 14, emerging-market ETFs closed down 2.73% and gold ETFs fell 1.49%, leading declines across major US asset-class ETFs, with Barclays US convertible bond ETFs down 1.37%. Nasdaq 100, US real estate, S&P 500, long-euro, long-yen, Russell 2000 and Dow ETFs each fell as much as 0.79%. US 20+ year Treasury ETFs rose 0.07%, the Brent oil fund gained 1.29% and the VIX long fund added 0.89%.

TREE NEWS reports: On Monday, September 14, US sector ETFs closed mixed, with the semiconductor ETF down 4.75% and the global tech index ETF off 2.46%. The tech sector ETF fell 1.81%, energy 0.94% and financials 0.38%. Gainers included healthcare at 1.45%, the internet index ETF at 1.31% and consumer staples at 1.25%.