Flash News

TREE NEWS reports: PT Merdeka Battery Materials is considering a Hong Kong depositary receipt offering. The size and timing remain under discussion and no final decision has been made, mirroring other Indonesian miners raising funds in Hong Kong.

TREE NEWS reports: Erdos Co. shares fell over 7% after ferrosilicon futures declined. The company responded that its dual main businesses—cashmere clothing and power/metallurgical chemicals—are operating normally, with ferrosilicon accounting for a higher revenue share. It noted that ferrosilicon’s main downstream is steel mills and referred to official announcements for specifics.

TREE NEWS reports: Robinhood-linked token pairs are evolving from meme coin stunts to a second phase where traders monitor executives’ social media for rebound signals. After Hims & Hers CEO followed BONER’s X account, the token rebounded sharply; Robinhood’s chief following MEME’s official X also spiked its price. Traders now treat executive interactions as the key trigger for short-term moves, though volume divergence at highs warns of reversal risks.

TREE NEWS update: Guoke Military (国科军工) announced that shareholder Nanchang Jiahui, holding over 5% of shares, intends to reduce its stake by up to 7.5183 million shares, representing no more than 3% of total share capital. The reduction period runs from October 8, 2026 to January 7, 2027.

TREE NEWS reports: Spot Bitcoin ETFs saw $987 million in inflows last week, with IBIT capturing roughly 70% of the flows. Analysts suggest the buying reflects genuine spot demand rather than leverage, indicating sustained investor interest.

TREE NEWS update: ST Wenfeng said Jiangsu High Court ruled in the securities manipulation case involving Xu Xiang and Xu Changjiang, upholding 11 verdicts requiring compensation of 8.598M yuan to 58 investors with company joint liability, but overturning two others, making Xu Xiang solely liable. The judgment amount is below the 41.3637M yuan provision, with no impact on current earnings. Courts have accepted 1,017 investor lawsuits, with 67 settled, totaling 9.7004M yuan in joint compensation.

TREE NEWS reports: The yen strengthened about 2.5% last week, with USD/JPY falling below 155, its biggest weekly gain since the July joint intervention, as the Bank of Japan signaled further rate hikes. The move tightens global liquidity by unwinding yen carry trades, threatening high-valuation US AI and tech stocks. Markets now price a 25bp BOJ hike on September 18, with the policy path key to further repricing.

TREE NEWS update: Changxin Technology said on September 7 that its products are now competitive with international mainstream manufacturers in performance, quality, and supply stability. The company addressed questions on Apple cooperation and LPDDR6 profitability during its 2026 semi-annual results call. It touted the LPDDR6 launch as a result of collaboration with China’s tech supply chain.

TREE NEWS update: China’s MIIT and SAMR issued a notice urging large automakers, especially leading firms, to pay SME suppliers in cash within 60 days of delivery, with a preferred 30-day window after acceptance. The policy aims to standardize account periods and prioritize small business payments.

TREE NEWS update: Muxi Semiconductor said at its H1 2026 earnings call on Sept 7 that the XiYun C600 reached mass production in May 2026 and passed national security and reliability tests. The XiYun C700, a next-gen GPU based on domestic advanced process, is in design phase with most core design and functional verification complete, now undergoing performance tuning. The company is advancing through design, verification, tape-out, software adaptation, customer testing, and mass production.

TREE NEWS update: Jin Chengzi announced plans to acquire control of Shenzhen Zhibotai Technology via share issuance and cash, which may constitute a major asset restructuring. Trading in Jin Chengzi shares will be suspended from Tuesday, September 8, 2026, for up to five trading days.

TREE NEWS update: Wistron Corp. plans to raise up to $1.495 billion by selling 25 million global depositary shares (GDS) at $58.67-$59.79 each. Each GDS represents 10 common shares priced at NT$185.58-189.12, a 4%-5.8% discount to the last close of NT$197.00.

TREE NEWS update: Zhongtong Bus announced that August 2026 sales reached 1,347 units, up 28.04% year-on-year. Production in the month totaled 1,307 units, a 28.01% increase. Cumulative 2026 sales through August stood at 10,085 units, up 27.59%.

TREE NEWS update: Desay Battery stated on its interactive platform that its subsidiary Hunan Battery’s energy storage cells are currently operating at full capacity. The announcement highlights strong demand for the company’s storage products. No further details were provided.

TREE NEWS update: Huawei executive Yu Chengdong announced at a launch event on September 7 that the Mate XT 2 Extraordinary Master tri-fold smartphone, powered by the new Kirin 9050 Pro chip, starts at 19,999 yuan. The device marks Huawei’s latest push in the premium foldable segment.

TREE NEWS update: Uber Technologies has hired banks to arrange its inaugural euro-denominated bond offering. The ride-hailing company is preparing to tap the euro debt market for the first time, though no size or timing has been disclosed.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.93% lower, with the Hang Seng Tech Index down 0.92%. Notable decliners included Tianzhixin (down about 11%), Lightelligence (about 11%), Zhipu (about 5%), KE Holdings (about 5%), and Baidu (about 5%). Gainers included Qunhe Tech (up about 30%), Cambridge Technology (up about 24%), and Zhongji Innolight (up about 20%).

TREE NEWS reports: Hong Kong stocks closed lower with the Hang Seng Index down 0.93% and the Tech Index down 0.92%. Qunhe Tech (00068.HK) surged 31%, while Cambridge Technology (06166.HK) and Zhongji Innolight (03308.HK) each rose over 20%. Daysi Zhixin (09903.HK) fell nearly 11.5%, Zhipu (02513.HK) dropped 5.3%, and Baidu (09888.HK) and Leapmotor (09863.HK) both declined 4.6%.

TREE NEWS update: Google and Cathay Pacific announced a partnership to use artificial intelligence to address one of aviation’s toughest climate challenges. The collaboration was reported by Bloomberg, marking a notable convergence of tech and airline industries in emissions reduction efforts.

TREE NEWS update: Changxin Technology, at its 2026 interim results call, said its contract liabilities fell sharply from Q1 because customer orders tied to Q1 liabilities were delivered and recognized as revenue in Q2. Management attributed the drop to normal channel turnover in the memory industry.