TREE NEWS reports: China A-share semiconductor chip stocks strengthened in early trading, with Zhongjing Technology locked at the daily limit-up. Fuhan Micro, Punan Shares, Kaihua Materials, Liandong Technology and Siruipu each gained more than 5%. The move was reported in the morning session.
TREE NEWS reports: China’s A-share indices opened higher on Tuesday, with the ChiNext Index rising 1.77% to 2,593.15 and the STAR 50 up 2.21% to 1,279.90. The Shanghai Composite opened at 3,676.92, up 0.78%, while the Shenzhen Component gained 1.01% to 11,359.08. The CSI 300 rose 0.87% to 4,084.62, and the CSI 500 and CSI 1000 each added 0.94%.
TREE NEWS reports: Pop Mart’s shares opened down 6.1% after the company reported a 45-50% year-on-year decline in overall revenue for the third quarter. The weak trading debut followed the disclosure of the steep quarterly drop, which weighed on the stock at the open.
TREE NEWS update: DSBJ’s Hong Kong H-shares opened at HK$82.4 on their first trading day, below the HK$86.8 IPO offer price. The debut puts the listing about 5% under its issue price at the open.
TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.19% higher at 23,083.99 points, while the Hang Seng Tech Index rose 0.78%. Lenovo Group gained 5%, and chip and AI-related names advanced, with Tianshu Zhixin, MINIMAX and Zhipu up more than 3%, and Hua Hong Semiconductor and SMIC up over 2%.
TREE NEWS reports: Mizuho cut its price target on Circle to $43, maintaining a bearish stance on the stablecoin issuer’s shares. The move followed a bank test in which AI chatbots mostly recommended FDIC-insured accounts rather than USDC. The findings suggest limited AI-driven demand for the stablecoin.
TREE NEWS reports: Chipmaker Onsemi is in negotiations to acquire startup Ferric for approximately $1 billion, a deal that would mark a significant consolidation in the semiconductor sector. The talks were reported on Wednesday. No further terms or timeline were disclosed. Ferric’s product focus and the strategic rationale for the acquisition were not specified.
TREE NEWS update: Datavault shares fell nearly 50% after the company disclosed a bitcoin-related equity deal involving Biconomy. Datavault plans to restate four financial periods and expects to remove $49 million from its June 2026 assets after reassessing the bitcoin-funded transaction.
TREE NEWS update: The Korea Exchange activated its SIDECAR circuit breaker, suspending programmatic buy orders on the KOSPI. The mechanism halts automated trading on the main board after sharp moves in futures or the index. The exchange did not specify how long the suspension would last or what triggered it.
TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges fell a combined 16.06 billion yuan to 2.37 trillion yuan as of Oct. 27 from the previous trading day. The Shanghai bourse’s balance dropped 7.43 billion yuan to 1.23 trillion yuan, while Shenzhen’s declined 8.64 billion yuan to 1.15 trillion yuan.
TREE NEWS update: SK Hynix said its DRAM and high-bandwidth memory (HBM) production is fully sold out through 2029, indicating demand continues to outstrip supply for the memory chips used in AI hardware. The disclosure covers output planned through the end of the decade.
TREE NEWS update: SK Hynix stated that its share price is undervalued, without providing further details in the disclosure. The company’s assessment comes as its stock trades at a level it considers below fair value. No specific figures or time frame were given.
TREE NEWS reports: SoFi’s third-quarter release shows the digital bank retains roughly one cent of every dollar of crypto transaction revenue, with nearly all of it offset by a matching cost line. The company does not break out other crypto-related spending, leaving the segment’s full economics undisclosed.
TREE NEWS reports: South Korea’s KOSPI extended its advance to 3% on the day. The benchmark index’s move came as Asian equities traded higher. No further detail on the drivers or sector composition of the rally was provided.
TREE NEWS reports: Japan’s Nikkei 225 opened 0.7% higher, while South Korea’s KOSPI Composite Index opened up 2.2%. The two benchmarks started the session in positive territory, with the Korean index posting the larger opening gain.
TREE NEWS reports: SK Hynix shares gained about 3% in pre-market trading on South Korea’s Nextrade platform following the release of its earnings report. The move reflects investors’ initial reaction to the chipmaker’s results ahead of the regular session. No further figures were disclosed.
TREE NEWS reports: Nikkei 225 futures climbed 1.7% in early trading, pointing to a higher open for Japanese equities. The move reflects gains in the futures market ahead of the cash session.
TREE NEWS update: SK Hynix said its capital expenditure in 2027 will increase significantly compared with 2026. The memory-chip maker disclosed the spending outlook without providing a specific figure or detailed breakdown. The guidance points to continued heavy investment in production capacity beyond next year.
TREE NEWS reports: SK Hynix said its third-quarter DRAM average selling price rose by more than 20% quarter-on-quarter, in the high-20% range, while NAND ASPs increased by more than 20% in the mid-20% range. The chipmaker expects DRAM market demand to grow by more than 20% year-on-year in 2027, with NAND demand up in the high-teens percentage range. It also forecast declines in PC and smartphone shipments due to cost pressure from rising memory chip prices and supply shortages.
TREE NEWS reports: Seagate reported fiscal 2027 first-quarter revenue of $4.2 billion, up more than 60% year over year, with non-GAAP EPS nearly tripling to a record $7.68. Gross margin reached a record 57.8% and operating margin 50.7%, while free cash flow hit a record of nearly $1.5 billion. For the December quarter, Seagate guides revenue to $4.7-4.9 billion and non-GAAP EPS of $9.20, plus or minus $0.20.