Flash News

TREE NEWS reports: Mercedes-Benz shares dropped 3.5% after the automaker lowered its earnings guidance, cutting the adjusted sales return outlook for its passenger car division to 2% to 3%. The revised target marks a sharp reduction from prior expectations for the core unit.

TREE NEWS update: Mercedes-Benz revised its full-year 2026 outlook, citing expected effects in the fourth quarter. The automaker now expects full-year EBIT to be level with the prior year, while free cash flow is projected to be significantly below the previous year’s level. Adjusted return on sales is guided at 2%-3% for the passenger car division, 8%-10% for the vans division and 12%-14% for financial services.

TREE NEWS reports: Thirteen companies in the STAR 50 index are executing share buyback plans with a combined cap of 5.08 billion yuan ($710 million), of which 1.04 billion yuan has been repurchased so far. Since Oct. 8, eight STAR 50 constituents — including Alice, Biwin Storage, Piotech, Montage Technology, GalaxyCore, Hygon Information, Shengyi Electronics and Hwatsing Technology — disclosed new buyback plans totaling about 2.65 billion yuan at the upper limit. Separately, Loongson Technology’s controlling shareholder plans to increase its stake by 5-6 million yuan within six months.

TREE NEWS reports: As of Oct. 27, 112 companies on China’s STAR Market had disclosed their 2026 third-quarter reports, posting combined revenue of 266.790 billion yuan, up 35.93% year on year, and combined net profit of 26.892 billion yuan, up 86.25%. The eight STAR 50 constituents accounted for 27% of the disclosed companies’ total revenue and 46% of their total net profit.

TREE NEWS update: Nvidia will invest $3 billion in Meta, the two companies disclosed. The investment ties the AI chipmaker to one of its largest customers as demand for AI computing capacity continues to grow. Further terms of the deal were not immediately available.

TREE NEWS update: Hefu China reported third-quarter 2026 revenue of 172 million yuan, down 4.89% year on year, with net profit attributable to shareholders of 1.86 million yuan and non-recurring net profit of 1.98 million yuan. For the first nine months of 2026, revenue fell 6.88% to 511 million yuan, while net profit attributable to shareholders posted a loss of 5.64 million yuan and non-recurring net profit a loss of 5.58 million yuan.

TREE NEWS update: Asset manager Strive said on Oct. 26 it spent about $510 million to buy 6,182 bitcoin at $82,732 each, lifting its total holdings to roughly 43,000 BTC. Listed companies excluding miners bought a net $510 million of bitcoin last week, up 42.5% from two weeks earlier, bringing their combined holdings to 1,167,845 BTC, worth about $93.64 billion, or 5.8% of circulating supply.

TREE NEWS update: Pop Mart said its unaudited overall revenue for the third quarter of 2026 fell 45%-50% from the same period in 2025. Revenue dropped 25%-30% in China, 65%-70% in Asia-Pacific, 70%-75% in the Americas and 50%-55% in Europe and other regions. In China, offline channel revenue declined 5%-10% and online channel revenue fell 45%-50%.

TREE NEWS reports: Dongfang Caifu strategist Chen Guo said the day’s A-share decline was mainly driven by liquidity factors, with some external macro uncertainty also weighing. He said there was no need for A-shares to be more sensitive than US stocks to events such as US midterm elections. Investors are not eager to enter the market and worry about reducing positions on rebounds, so strong ETF net inflows like last Friday’s would help, he said.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.73% lower, with the Hang Seng Tech Index dropping 1.48%. Property developers led the declines: Shimao Group fell about 9% and Longfor Group lost roughly 7%. Among tech names, Xiaomi slipped about 5% and NetEase declined about 3%.

TREE NEWS update: Jin’an Guoji reported third-quarter 2026 revenue of 3.145 billion yuan, up 161.88% year on year, with net profit of 1.158 billion yuan, up 1,030.57%, and non-recurring net profit of 1.163 billion yuan, up 1,388.38%. For the first nine months of 2026, revenue reached 6.543 billion yuan, up 101.25%, while net profit totaled 1.924 billion yuan, up 1,012.67%.

TREE NEWS reports: European equities opened lower on the session, with the Euro Stoxx 50 down 0.4%, Germany’s DAX down 0.4% and France’s CAC 40 down 0.4%. The UK’s FTSE 100 led the declines with a 1% drop at the open.

TREE NEWS reports: Haoyue Care reported third-quarter net profit attributable to shareholders of 46.31 million yuan, down 15.6% year on year. The Chinese personal-care products maker disclosed the figure in its quarterly results.

TREE NEWS update: Tianfu Communication (300394.SZ) said on Oct. 27 via its investor interaction platform that it supplies passive and active products and overall solutions to CPO/NPO and high-speed optical module manufacturers. The company was responding to an investor question on how CPO technology affects its active optical component business. Tianfu said CPO supporting products and its active optical components are products under different technical route solutions.

TREE NEWS update: Shaanxi Coal reported net profit attributable to shareholders of 17.07 billion yuan for the first three quarters of 2026, up 34.23% year on year, on revenue of 122.77 billion yuan, which rose 3.97%. Third-quarter revenue was 43.87 billion yuan, up 9.40% year on year, while Q3 net profit reached 5.79 billion yuan, up 14.15%. Non-recurring net profit for the nine months rose 34.98% to 15.51 billion yuan.

TREE NEWS reports: Ruiyuan Fund disclosed its Q3 2026 portfolio holdings, showing that Fu Pengbo and Zhu Lin’s Ruiyuan Growth Value Mixed Fund significantly increased its positions in Zhongji Innolight, Lianxun Instruments and Guangzhi Technology. Zhao Feng’s Ruiyuan Balanced Value Three-Year Holding Fund modestly added to Luxshare Precision, TCL Technology and ZTO Express. The filings list the top ten holdings of the funds under management.

TREE NEWS update: Xiehe Electronics’ controlling shareholders Zhang Nanguo, Zhang Minjin, Zhang Nanxing and Zhang Jianrong are planning a major matter that could result in a change of control of the company, with the matter still being actively advanced. The company’s shares will remain suspended from the market open on Oct. 28, 2026, with the suspension expected to last no more than three trading days.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock markets reached 1.460958 trillion yuan on October 27. The Shanghai market accounted for 672.414 billion yuan, while Shenzhen contributed 788.544 billion yuan. The ChiNext board recorded turnover of 383.306 billion yuan.

TREE NEWS reports: The ChiNext Index closed down 3.41% on a high-open, low-close session, with the STAR 50 falling more than 3% and over 4,800 stocks declining across Shanghai, Shenzhen and Beijing markets on turnover of 1.47 trillion yuan. The Shanghai Composite fell 1.33% and the Shenzhen Component dropped 2.5%, while bank and shipping shares bucked the trend, with ICBC and China Construction Bank setting new highs.

TREE NEWS reports: The Shanghai Composite closed at 3,648.30 on Thursday, down 1.33%, as Chinese equities sold off across the board. The tech-heavy ChiNext Index dropped 3.41% to 2,548.15 and the STAR 50 fell 4.81% to 1,252.28, while the Shenzhen Component lost 2.50% to 11,245.73. The CSI 300 declined 1.32% to 4,049.55.