Flash News

TREE NEWS reports: The ChiNext Index dropped more than 4% in afternoon trading, setting a new low for the year, while the STAR 50 Index fell over 3.5% at the same time. The declines mark a fresh 2024 trough for the growth-focused board as selling pressure persisted through the session.

TREE NEWS reports: Chinese coal shares extended losses, with Zhengzhou Coal Industry & Electric Power hitting the daily limit down. Yunmei Energy, Shaanxi Heimao, Haohua Energy, Dayou Energy and Lanhua Sci-Tech all fell in sympathy. The sector has been weakening steadily, though no specific catalyst was cited for the move.

TREE NEWS update: China’s first cross-border centralized trading of green electricity certificates (GECs) was completed in Guangzhou on October 14, with about 100,000 certificates traded, corresponding to nearly 100 million kWh of renewable energy. The transaction marks the large-scale entry of China’s renewable energy certificates into the Hong Kong market, opening a channel between the mainland GEC market and Hong Kong’s international green finance market.

TREE NEWS update: Zhang Yue, deputy director of the CSRC’s futures supervision department, said on October 15 at the 2026 Shanghai Derivatives Market Forum that the regulator will refine its market stability mechanism and further improve the layout of futures and options products. He said this year marks the opening of the 15th Five-Year Plan, whose outline calls for steadily developing futures and derivatives, setting the direction for high-quality growth of the futures market.

TREE NEWS update: Ericsson said component costs will weigh on its profit margins next year. The Swedish telecom equipment maker identified the cost pressure as a headwind to margins for the coming year, without giving a figure.

TREE NEWS reports: The Shanghai Composite Index fell more than 2% in afternoon trading, while the Shenzhen Component dropped over 2.5% and the ChiNext Index lost more than 3%. Coal and oil and gas exploration and services led the declines, with more than 5,000 stocks across the market closing lower.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges surpassed 1 trillion yuan, running more than 130 billion yuan heavier than at the same point a day earlier. The accelerated volume pace points to heavier trading activity across the two mainland bourses.

TREE NEWS reports: Ericsson reported third-quarter net sales of SEK 59.48 billion, ahead of the SEK 55.39 billion market estimate. Adjusted EBIT came in at SEK 9.76 billion versus an expected SEK 7.53 billion, while the adjusted gross margin was 47.7%, slightly above the 47.4% forecast.

TREE NEWS reports: Chinese memory chip maker CXMT fell more than 5% intraday on October 15, with its total market value slipping below the 3 trillion yuan mark by the midday close and losing its title as the A-share market’s most valuable listed company. Industrial and Commercial Bank of China (ICBC) has reclaimed the top spot, roughly two and a half months after CXMT’s listing-day peak.

TREE NEWS update: Wuhan sold two residential land plots on Oct. 15 for a combined 265 million yuan, both at the starting floor price. The sites total 36,083.61 square meters of land area and 50,770.38 square meters of planned gross floor area. The total starting price was also 265 million yuan.

TREE NEWS reports: Bitcoin dropped below $81,000 as risk-off sentiment hit Asian equities on Thursday. South Korea’s Kospi fell 8% and Japan’s Nikkei 225 lost 5% in morning trading, with the crypto market moving in step with the broader retreat from risk assets.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi said on February 15 that she will formally appoint Liberal Democratic Party lower-house lawmaker Mube Shin as agriculture, forestry and fisheries minister, replacing Ryu Kazuo, who resigned over gaffes and other scandals. It is Mube Shin’s first cabinet post. Takaichi announced the decision in remarks to media at the Prime Minister’s Office.

TREE NEWS reports: The US releases September PPI, retail sales, weekly initial jobless claims and the October New York Fed manufacturing index at 20:30 Beijing time on Thursday. TSMC reports earnings the same day, while Chicago Fed President Goolsbee speaks at 22:00 and Cleveland Fed President Hammack at 04:30 the next day.

TREE NEWS reports: Asian equities sold off sharply as renewed inflation concerns revived rate-hike expectations, with South Korea’s Kospi falling 8% and triggering a circuit breaker while Japan’s Nikkei 225 dropped more than 5%. Hong Kong’s Hang Seng fell 1.5% in the morning session and the Hang Seng Tech Index lost nearly 3%, with Lenovo Group down almost 14%. On the mainland, both ChiNext and STAR 50 indices fell more than 3%, with over 5,000 A-share stocks declining.

TREE NEWS reports: Japan’s industrial output fell 2.4% month over month in August, a sharper contraction than the preliminary reading of -1.7%. The revision marks a deeper decline in factory activity for the month.

TREE NEWS reports: Japan’s capacity utilization index fell 4.2% month-on-month in August, reversing a 0.5% rise in July, government data showed. The swing marks the sharpest monthly decline in industrial utilization in recent months, pointing to softer factory activity in the world’s fourth-largest economy. The index tracks how intensively Japanese manufacturers use their plant and equipment.

TREE NEWS update: Elon Musk said on 14 May that the Starshield satellite communications system used by Ukraine is owned and controlled by the US government, with any limits on its speed or use decided by the US military and ultimately the US president. In a social media post, the SpaceX CEO said Starlink is a commercial service owned and controlled by SpaceX, restricted to civilian or defensive activity and barred from offensive military operations.

TREE NEWS reports: India’s benchmark Sensex index rose 1% on the day. The move marks a gain for the index, which tracks 30 major companies listed on the Bombay Stock Exchange. No further details were provided.

TREE NEWS update: European Central Bank Governing Council member Robert Holzmann’s colleague, Kocher, said the ECB has not yet reached the stage of discussing bond market intervention tools. The remarks indicate the central bank sees no current need to deploy instruments aimed at containing sovereign bond spreads. No further details were provided.

TREE NEWS reports: UBS Securities China equity strategist Meng Lei said in a report that downside risk for the A-share market is currently limited, citing ETF inflows and an ongoing earnings upcycle. The recent pullback stems mainly from a concentrated unwinding of previously high trading crowding in the tech sector, while public mutual funds also face redemption pressure as investors exit at breakeven.