Flash News

TREE NEWS reports: The S&P 500 opened 22.70 points higher, up 0.30%, at 7,699.47. The Dow Jones Industrial Average opened 84.09 points lower, down 0.16%, at 52,277.49. The Nasdaq Composite opened up 116.92 points, a 0.45% gain, at 26,286.31.

TREE NEWS update: Nexchip Chairman Cai Guozhi proposed a buyback of the company’s A-shares and H-shares, with A-share repurchases totaling no less than RMB 500 million and no more than RMB 800 million, and H-share repurchases totaling no less than HK$300 million and no more than HK$600 million. The A-share buyback is intended for employee stock ownership and/or equity incentive plans, while the H-share buyback is for cancellation and/or holding as treasury shares.

TREE NEWS update: AMD will deepen its partnership with Meta and invest $1 billion in Meta’s equity offering, the chipmaker said, with the deal tied to providing Meta with computing power. The investment makes AMD both a supplier and a shareholder in the social-media giant as demand for AI infrastructure grows. No further terms of the offering were disclosed.

TREE NEWS reports: Securities-based credit lines restrict how borrowers can spend the cash, unlike margin loans, which offer fewer spending constraints. Both products can expose investors to forced sales without a guaranteed response window, the comparison notes.

TREE NEWS reports: Strategy’s STRC preferred shares accumulate unpaid dividends and restrict payments to common shareholders, but the preferred status gives holders no collateral claim on the company’s bitcoin. The distinction separates what MSTR common and STRC preferred holders can claim.

TREE NEWS update: Microsoft has offered voluntary departure packages to roughly 60,000 employees, about 25% of its 223,000 workforce, ahead of its fiscal 2027 first-quarter earnings on Oct. 28. The offer covers staff at grade 70 (vice president) and below in Canada, India, the UK and the US, including AI product units such as Copilot, CoreAI and Microsoft AI, but excludes data center, marketing, commercial operations, quantum computing and cybersecurity teams. Microsoft reported $41 billion in capital expenditure for the June quarter and expects about $50 billion for the current quarter.

TREE NEWS reports: Nvidia plans to invest $3 billion in Meta and the two companies will deepen cooperation on the AI assistant Muse. The move comes as Nvidia is reportedly reworking its memory configuration, shifting Rubin Ultra to 8-layer HBM4 and cutting GPU bandwidth by 13%. TSMC is also said to be raising advanced packaging prices by 10%-20%, pressuring costs for Nvidia and AMD.

TREE NEWS reports: SoFi reported $161.6 million in third-quarter crypto revenue and $1.6 million in net crypto revenue, with net crypto transaction revenue up 38% from the second quarter. The crypto net figure represented just 0.3% of the bank operator’s financial-services segment revenue.

TREE NEWS update: Corning said it expects full-year capital expenditure of approximately $2 billion. The company also forecast fourth-quarter operating expenses to be flat compared with the third quarter. The guidance was issued without further detail on spending plans.

TREE NEWS update: Shanghai Jiubai Co. said in a filing on Oct. 27 that its day-to-day operations are normal and that no major change in its internal or external environment has occurred or is expected. The company said its shares rose more than 20% in deviation terms over three consecutive trading days — Oct. 23, 26 and 27 — triggering abnormal-trading rules twice, and have now hit the daily limit for five straight sessions for a cumulative gain of 61.14%, which it attributed to overheated sentiment and irrational speculation.

TREE NEWS update: The Shanghai Stock Exchange issued a regulatory letter to Shanghai Jiubai over abnormal fluctuations in its share price. The letter covers the listed company, its directors, senior management, general shareholders, controlling shareholder and actual controller, and other related parties. The exchange did not disclose further details of the action.

TREE NEWS update: XPeng Group said it has reached distribution partnerships with local partners in Nigeria, Oman, Kuwait and Albania, completing market entries in all four countries. The markets span the Gulf, West Africa and the Western Balkans. The company disclosed the progress as part of its global expansion push.

TREE NEWS update: Intel will acquire quantum computing startup Classiq for approximately $2.3 billion. The deal, reported by Bloomberg, marks a major consolidation in the quantum computing sector. No further terms or timeline were disclosed.

TREE NEWS reports: Freeport reported third-quarter revenue of $7.55 billion, beating the $7.29 billion market estimate. Adjusted earnings per share came in at $0.88 versus an expected $0.81, while capital expenditure reached $1.16 billion, above the $1.08 billion forecast.

TREE NEWS update: Northeast Securities reported third-quarter 2026 net profit attributable to shareholders of RMB253 million, down 60.24% year on year, with total operating revenue falling 28.97% to RMB1.289 billion. Basic earnings per share for the quarter were RMB0.11. For the first nine months, revenue rose 1.95% to RMB3.937 billion while net profit slipped 4.63% to RMB1.017 billion, with EPS of RMB0.43.

TREE NEWS update: CATL said on its investor interaction platform that capacity tightness has eased as new production capacity came online this year, but demand continues to grow. The battery giant expects its capacity utilization rate to remain at a relatively high level and stay in a healthy state going forward.

TREE NEWS reports: China Europe Fund investment director Ge Lan significantly increased her stake in GenScript Biotech in the third quarter. 27 quarterly reports. Her two healthcare-focused funds are China Europe Healthcare and China Europe Medical Innovation; the larger, China Europe Healthcare, had net assets of 25.544 billion yuan at end-Q3 2026. Zhao Lei was added as co-manager of that fund in July 2025.

TREE NEWS update: S&P Global is evaluating the future of its data businesses including Capital IQ, the company said, without disclosing specific options or a timeline. The review covers the unit that houses Capital IQ and other data products. No further details on scope, structure or potential transactions were provided.

TREE NEWS update: Pop Mart held an earnings call on which COO Si De said overseas markets are gradually stabilizing and that the upcoming fourth-quarter sales peak presents opportunities. He said the third quarter of 2025 was a breakout period for the business, making this year’s third quarter face a tough year-on-year comparison due to the high base. The company expects China to remain steady and still sees full-year year-on-year growth.