Flash News

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 0.6%, with Chinese ADRs broadly lower. ASE Technology Holding led declines at 3.3%, followed by BYD down 3.1%, Tencent down 1.6%, Baidu down 1.5% and Alibaba down 0.7%.

TREE NEWS reports: The S&P 500 closed down 0.6%, with materials off 1.5%, tech 0.9%, energy 0.4% and telecom 0.2%. The Nasdaq 100 fell 1.1%, dragged by Baker Hughes down 6.8%, CoreWeave down 6.1%, and Lam Research, Intel, Lumentum, Astera Labs, Nebius Group and Micron each down at least 4.7%. The Philadelphia Semiconductor Index dropped 2.6% and the storage-chip index fell 4.2%.

TREE NEWS update: Altera is preparing for an initial public offering as early as 2026 and may raise up to $2 billion through the share sale. The company has not disclosed further details on the timing or the listing venue.

TREE NEWS reports: Shares of financial data providers FactSet Research and S&P Global fell after OpenAI released a ChatGPT version tailored to financial services. The decline reflects investor concern that AI tools built for finance could pressure established data vendors. No further figures were disclosed.

TREE NEWS reports: The CBOE Volatility Index (VIX) rose as much as 10.0% intraday to 18.11, while the S&P 500 dropped more than 0.6%. The move marks a sharp pickup in expected US equity volatility alongside broad selling in the benchmark index.

TREE NEWS reports: The Hang Seng Index main futures contract closed its night session down 0.80% at 24,701 points. The Hang Seng Tech Index main futures contract fell 0.81% in the same session, closing at 4,290 points.

TREE NEWS reports: India’s National Stock Exchange (NSE), the world’s largest derivatives exchange operator by trading volume, has cut its initial public offering from 148.9 million shares to 126.44 million shares. The reduced deal size signals mounting investor concern over whether they are willing to subscribe at the valuation the company is seeking.

TREE NEWS update: Stellantis NV’s CEO said the company’s joint venture with Chinese EV maker Leapmotor is boosting sales and profit in the European market, without giving figures. The JV covers the distribution and, increasingly, local production of Leapmotor vehicles outside China. Stellantis has positioned the partnership as a low-cost route into Europe’s affordable EV segment.

TREE NEWS update: Seagate Technology’s chief financial officer said that 80% to 90% of the company’s data center shipments will be sold with its heat-assisted magnetic recording (HAMR) technology. The CFO did not specify a timeframe for reaching that share. Seagate has been developing HAMR to increase hard drive storage density for data center customers.

TREE NEWS update: Ford Motor Company announced a $1 billion investment in the US state of Kentucky. The automaker disclosed the figure without providing further detail on the project’s scope or timeline. Kentucky is home to several of Ford’s existing manufacturing operations, including truck and battery production.

TREE NEWS update: A fire broke out at about 11:15 a.m. on September 10 aboard a foreign cargo ship undergoing repairs at Qingdao Beihai Shipbuilding Co., a subsidiary of China Shipbuilding Group, the parent company said in a filing. Twelve people evacuated safely and five were hospitalized; all 25 missing workers were found and showed no vital signs. The Ministry of Emergency Management has dispatched a team to the site.

TREE NEWS reports: Bank of America’s head of European equity strategy, Sebastian Raedler, said investors should hedge their artificial-intelligence-driven equity exposure now, warning that every major investment boom over the past 200 years has ended in a crash. “This is an extremely high-risk game,” the strategist said.

TREE NEWS update: Macy’s will reinvest tariff refunds it receives under President Donald Trump’s tariff policy back into its business, the retailer said. The department store chain plans to cut prices on furniture and jewelry, and will add store staff and increase marketing spending. No figure for the refund amount was disclosed.

TREE NEWS reports: Wall Street strategists are positioning for a split US Congress as midterm election season enters its final stretch, with prediction markets favoring Democrats for the House while Republicans hold a slight Senate lead on Kalshi and Polymarket. Options-linked futures show rising demand for protection against S&P 500 swings in early November, and Evercore ISI recommends a straddle on the State Street SPDR S&P 500 ETF Trust. Markets expect two Fed rate hikes by early 2027.

TREE NEWS reports: Saudi Arabia is considering merging Electronic Arts with Savvy Games Group, consolidating the kingdom’s gaming holdings under one entity. The plan would combine EA, acquired by a Saudi-led consortium in a $55 billion take-private deal, with Savvy, the PIF-owned gaming investment vehicle. No final decision or timeline has been disclosed.

TREE NEWS reports: The MSCI Nordic Countries Index closed down 0.9% at 396.80, with the Nordic industrials sector posting the steepest decline of the ten sectors tracked. Industrial machinery solutions supplier Metso Oyj fell 4.5%, the worst performer among Nordic stocks in the index.

TREE NEWS update: CME Group will launch its CME Securities Clearing service on December 7, the exchange operator said. The service is designed to expand clearing capacity, choice and capital efficiency in the US Treasury market. The launch adds a new central counterparty to the clearing of US government debt.

TREE NEWS reports: Germany’s DAX 30 index fell 0.79% to 25,374.93 in its preliminary close. France’s index dropped 0.50%, Italy’s lost 0.06% with its bank index down 0.09%, and the UK index declined 0.57%.

TREE NEWS reports: China’s Wind fiber optic index fell 3.26% on September 10 as fiber preform producers accelerate capacity expansion. An executive at a listed company said preform prices have risen steadily through the year, but added that mid-term pricing is uncertain as new capacity comes online over the next two years and still needs market validation.

TREE NEWS update: Nasdaq Ventures has agreed to invest $100 million in Payward, the parent company of crypto exchange Kraken, at a $21 billion valuation. Under the deal, Payward will adopt Nasdaq’s surveillance technology across its trading venues. The investment marks Nasdaq’s entry into crypto exchange ownership.