Flash News

TREE NEWS reports: Intel’s five-year credit default swaps widened to 123.5 basis points, a record high, Markit Data showed. The move puts the contracts on track for their largest single-day swing since October 2022, signaling rising credit risk priced into the chipmaker’s debt.

TREE NEWS reports: Kioxia’s American Depositary Receipts fell 15%, the only detail disclosed in the market move. No reason for the decline was given in the available material. The drop marks a sharp single-session decline for the Japanese memory chip maker’s US-listed shares.

TREE NEWS reports: Coinbase and Strategy shares extended opening losses following a breach at Binance, falling more than Bitcoin’s 4.65% decline and the S&P 500’s 1.24% drop over the same period. The two crypto-linked stocks underperformed both the leading cryptocurrency and the benchmark U.S. equity index.

TREE NEWS reports: Reliance Industries reported second-quarter net profit of 255.5 billion rupees, beating analysts’ estimate of 213.68 billion rupees. Other income came in at 57.9 billion rupees versus an expected 51.71 billion, while revenue reached 3.33 trillion rupees against total costs of 3 trillion rupees, up 28% year on year. Jio Platforms posted quarterly EBITDA of 218.79 billion rupees, up 16.6% year on year, with ARPU of 218.80 rupees.

TREE NEWS reports: Intel shares fell more than 30% on Monday, extending a steep decline. The move marks one of the chipmaker’s largest single-day drops. No further details were immediately available.

TREE NEWS reports: The Philadelphia Semiconductor Index fell 6%, extending its decline, as chip stocks sold off. The index, which tracks major US semiconductor companies, deepened its losses during the session. No specific cause for the move was given in the available material.

TREE NEWS update: Chery Automobile reported first-three-quarter 2026 results with total revenue of RMB 241.234 billion, up 12.29% year on year. Gross profit rose 32.38% to RMB 39.004 billion, lifting the gross margin to 16.17%, up 2.46 percentage points. Profit for the period reached RMB 14.595 billion, of which RMB 13.963 billion was attributable to owners of the company.

TREE NEWS reports: The Philadelphia Semiconductor Index fell 5.7%, with Nvidia shares dropping 3.3% to $206.610. Nvidia’s total market capitalization fell to $4.98 trillion, slipping below the $5 trillion mark.

TREE NEWS reports: SpaceX shares dropped more than 5% on [date], hitting their lowest level since August. The decline marks a sharp pullback for the company’s stock, though no specific catalyst was cited in the material. The move extends a recent stretch of weakness for shares of the space exploration firm.

TREE NEWS reports: Amazon shares dropped 5.6%, putting the company on track to lose about $142 billion in market capitalization. The move marks a sharp single-session decline for the e-commerce and cloud giant.

TREE NEWS reports: US stocks opened sharply lower, with the Nasdaq down 2.23%, the S&P 500 down 1.16% and the Dow down 0.28%, as investors questioned returns on heavy AI spending by tech giants. Intel plunged more than 26%, its biggest single-day drop since 2024, after fourth-quarter guidance badly missed expectations, an Israeli plant explosion, weak PC demand and constrained AI chip supply. AMD fell over 10% and Dell over 12%; Amazon dropped over 5% after third-quarter net sales of $201.9 billion missed estimates and EPS fell 3% year on year to $1.89. Coinbase fell 9.1% and Strategy 8.9%.

TREE NEWS reports: The S&P 500 opened 89.32 points lower, down 1.16% at 7,631.07, while the Nasdaq Composite fell 592.24 points, or 2.26%, to 25,592.49. The Dow Jones Industrial Average bucked the trend, opening 41.34 points higher, up 0.08% at 52,383.90.

TREE NEWS reports: Amazon reported record third-quarter 2026 revenue of $201.9 billion, up 12% year on year, or 13% excluding foreign exchange effects. Global operating profit rose 61% to $28.1 billion, a record 13.9% operating margin. The company expects about $220 billion in cash capital expenditure for 2026, mainly for AWS and AI, with spending set to rise significantly in 2027.

TREE NEWS update: Binance suffered what is being described as the largest hack in its history, with $6.3 billion stolen, and has suspended all deposit and withdrawal functions. The exchange said it will bear all losses from the incident. The hack was reported alongside a global tech selloff in which Nasdaq futures fell 2% and Intel plunged 23% premarket.

TREE NEWS update: TCL Zhonghuan said it is planning to acquire assets by issuing shares in a connected transaction expected to constitute a major asset restructuring, without amounting to a backdoor listing. The target is the remaining minority stakes in Zhonghuan Leading Semiconductor Technology not already held by the listed company. The company has signed a restructuring intention agreement with the main counterparty and will suspend trading from the open on Nov 2, 2026, aiming to disclose the deal plan by Nov 16, 2026, within 10 trading days.

TREE NEWS update: Foxconn Industrial Internet announced a draft 2026 employee stock ownership plan to raise up to RMB 2 billion, with no more than 12,000 participants. Shares will be purchased on the secondary market, and the plan has a maximum term of 84 months with vesting in three tranches of 50%, 30% and 20%. It sets a performance target of cumulative net profit of at least RMB 240 billion for 2027-2029.

TREE NEWS reports: Alphabet shares closed down 12.64% on Oct. 29, wiping out about $500 billion in market value as third-quarter capital expenditure of $51.36 billion exceeded operating cash flow of $42.29 billion, pushing free cash flow to a net outflow of $9.07 billion. Investors rotated toward Eli Lilly, which rose 6.57% to a record high after raising full-year revenue guidance to $91–92 billion. The Nasdaq fell 1.38% as focus shifted from AI demand to the timing of returns on AI infrastructure spending.

TREE NEWS update: Samsung Electronics plans to acquire a 10.16% stake in TCL China Star Optoelectronics Technology (TCL CSOT) from Samsung Display for $960.4 million. The transaction transfers the display unit’s holding in the Chinese panel maker to the parent electronics company. No further terms or timeline were disclosed.

TREE NEWS update: Hua’an Jinjiang Commercial REIT listed on the Shanghai Stock Exchange, becoming the market’s first hotel commercial real estate investment trust. Its underlying assets are 21 ‘Jinjiang Metropolo’ branded hotels across 18 Chinese cities, with total gross floor area of about 157,300 square meters and more than 3,000 guest rooms.

TREE NEWS update: China Gold reported third-quarter net profit attributable to shareholders of 55.75 million yuan, up 246.52% year on year, on revenue of 5.54 billion yuan, down 62.23%. The revenue decline was mainly due to lower sales volume through the company’s buyback channel. For the first nine months of 2026, revenue fell 33.49% to 30.44 billion yuan while net profit edged up 0.08% to 335 million yuan.