Flash News

TREE NEWS reports: Japan’s Nikkei 225 closed up 128.17 points, or 0.2%, at 65,270.95 on Thursday, September 10. The index’s gain marked a modest advance for the session.

TREE NEWS update: Hengrui Pharmaceuticals said on September 10 at its 2026 interim results briefing that it expects more than 40 marketing applications to win approval during 2027-2028, spanning five therapeutic areas. Potential blockbusters in the pipeline include SHR-A2009, the first single-target HER3 ADC submitted for approval in China.

TREE NEWS reports: Hong Kong-listed large-model stocks extended losses, with Zhipu falling more than 10% and Minimax dropping over 9%. The decline hit the city’s listed AI model developers as a group, with both names posting the steepest drops among the sector.

TREE NEWS reports: China’s A-share fertilizer sector fell sharply, with Lutianhua touching the daily limit down. Nongda Technology, Kingenta, Tianhe Shares, Chitianhua, Luhua Technology and Hongsifang each dropped more than 5% in the same session. The selloff marked a broad pullback across listed fertilizer producers.

TREE NEWS update: China’s Cambricon said on September 10 that it has issued no announcement about raising prices for its artificial intelligence processors, after market talk that domestic chipmakers including Cambricon would lift AI processor prices. A representative at the company’s securities department told reporters investors should not trust market rumors. The company said no such pricing notice has been published.

TREE NEWS reports: China’s A-share grain sector pulled back in volatile trade, with COFCO Sugar hitting the 10% daily limit down. Yasheng Group and Xinsai Co. approached limit down, while Nongfa Seed, Wanxiang Doneed, Hainan Rubber, Shennong Seed and Denghai Seed fell in sympathy. The retreat marks a sharp reversal for the sector after recent gains.

TREE NEWS update: Morgan Stanley initiated coverage of Coinbase Global Inc. Class A shares with an Equal-weight/Neutral rating and a $250 price target. The call marks the Wall Street bank’s first rating on the US crypto exchange. The target implies a level well above recent trading, though the Neutral stance signals limited near-term upside expected by the bank.

TREE NEWS reports: TSMC reported August sales of NT$514.8 billion, a 53.3% increase from the same month a year earlier. The figure covers the Taiwanese chipmaker’s monthly revenue for August. TSMC is the world’s largest contract semiconductor manufacturer and a key supplier to AI and crypto-mining chip customers.

TREE NEWS reports: China’s A-share power sector rallied again in afternoon trade, with Leshan Electric Power hitting the daily limit up. Mindong Electric Power, Huayin Electric Power, Xinneng Technology and Hunan Development had already hit the limit up, while Jiuzhou Group, Yuneng Holding, Huadian Liaoning Energy and Mingxing Electric Power followed higher.

TREE NEWS reports: Guilin Tourism shares hit the daily limit on Thursday, its fourth consecutive limit-up, taking the stock up 50% from its September 4 open of 6.44 yuan. A company representative attributed the run to a boost from the upcoming Mid-Autumn and National Day holidays. The company also said that after an internal review it has not invested in any low-altitude economy projects.

TREE NEWS reports: China’s three major A-share indices edged lower while several bank stocks hit record highs, and Hong Kong’s Hang Seng Index fell 1.3% with the Hang Seng Tech Index down 2.1% in the morning session. Japanese central bank board member said the BOJ will continue raising its benchmark rate, boosting expectations of a hike next week. Abu Dhabi sovereign wealth fund Mubadala took a stake in Luckin Coffee through a $1 billion deal.

TREE NEWS update: Apple introduced its first foldable iPhone, the Duo, priced at $1,999, at its September 9 launch event hosted by new CEO John Ternus, alongside the iPhone 18 Pro and Pro Max starting at $1,199 and $1,299. Pre-orders open September 12 and devices ship September 18. Apple shares closed about 0.84% lower at roughly $313.55 on launch day.

TREE NEWS update: Abu Dhabi sovereign wealth fund Mubadala Investment Co. has become an indirect investor in Luckin Coffee after striking a deal with Centurium Capital, the Chinese coffee chain’s main private equity backer. Mubadala will have the right to appoint one director to Luckin’s board. The fund said in a separate statement that the transaction values the deal at about $1 billion.

TREE NEWS reports: The Shanghai Composite Index closed the morning session at 3937.78, down 0.35%. The Shenzhen Component dropped 0.55% to 13647.49, the ChiNext Index slipped 0.15% to 3350.08, and the CSI 300 fell 0.42% to 4553.52. The CSI 500 and CSI 1000 each lost 0.52% and 0.55%, closing at 7727.60 and 7606.46.

TREE NEWS reports: China’s three main stock indexes closed the morning session slightly lower, with the Shanghai Composite down 0.35%, the Shenzhen Component down 0.55% and the ChiNext down 0.15%. Bank stocks bucked the trend, with Bank of Nanjing, Bank of Jiangsu, Bank of Hangzhou and Bank of Chengdu all hitting record highs. About 4,200 stocks fell, and half-day turnover reached 1.1 trillion yuan.

TREE NEWS reports: Japan’s 10-year government bond yield broke above 3.0% in Tokyo trading on September 1, the first time since September 1996. Executive economist Takahide Kiuchi said the roughly 1.4 percentage point rise over the past year was driven mainly by domestic factors, with fiscal risk premium the largest single contributor, and warned that continued long-end yield gains could cool the AI stock rally and trigger an abrupt global economic slowdown.

TREE NEWS reports: Lingyi iTech has been identified as a supplier for Apple’s first foldable phone, the iPhone Duo. The Chinese company supplies core precision components for the new-generation device, including hinge precision structural parts, display support plates and ultra-thin vapor chambers, with per-unit content value higher than that of bar-type phones.

TREE NEWS reports: China A-share computing power leasing concept stocks saw localized sharp moves, with Zhongjia Bochuang hitting the daily limit up. Chuangye Heima, Aierte, Capital Online, Yakang shares and Nanxing shares were among the top gainers. No specific catalyst or company announcement was cited in the market move.

TREE NEWS reports: Fiberglass-related Chinese equities extended their rally, with Shandong Fiberglass hitting the daily limit up. Jiuding New Material and Kaisheng New Energy had previously sealed limit up, while International Composite Materials, Changhai Shares, Honghe Technology and China Jushi led the gainers.

TREE NEWS reports: The ChiNext Index reversed into positive territory on the day, while the Shanghai Composite and Shenzhen Component pared their declines. Oil and gas, coal, banking and power stocks led the gains across the mainland markets. More than 1,100 stocks advanced across the Shanghai, Shenzhen and Beijing exchanges.