Flash News

TREE NEWS update: Meta Platforms raised the size of its common stock offering to $25 billion from $22.5 billion. The company priced 250 million Class A depositary shares at $50 per share in the public offering. The offering was previously sized at $22.5 billion.

TREE NEWS reports: The five largest hyperscalers — Microsoft, Alphabet, Amazon, Meta and Oracle — are projected to spend more on capital expenditure than they generate in free cash flow by 2027. Every $1 of new operating cash flow will correspond to about $1.57 of new capex. Oracle’s capex reached 174% of operating cash flow in fiscal 2026, and its free cash flow has turned negative.

TREE NEWS reports: HSBC’s Hong Kong-listed shares fell as much as 3.7% in afternoon trading after the bank released its earnings report. The stock pared some of the decline later in the session. No further details on the results or the size of the move were provided.

TREE NEWS update: SAIC Motor sold 1.166 million vehicles overseas in the first nine months of the year, up 52.4% year on year and already exceeding its full-year 2025 overseas volume, the company said. Total group sales reached 3.147 million units over the period, keeping SAIC first in China’s auto industry.

TREE NEWS update: US September durable goods orders, August home price indices and October consumer confidence data are scheduled for release, alongside earnings from Boeing, UPS, Corning, Novartis and SK Hynix. German President Frank-Walter Steinmeier visits China from October 27 to 31, and Israel holds elections. The calendar covers the October 27-31 window, with US data due at 20:30 and 22:00 Beijing time.

TREE NEWS reports: China’s industrial profits above designated size rose 14.4% year-on-year in September, the fastest pace since June, helped by AI and energy sectors. The People’s Bank of China’s open-market reverse repo operation hit a record high, with a net injection of 101.4 billion yuan on the day. The CSI 50 index fell 1.5% in the morning session, while banking and retail stocks gained.

TREE NEWS reports: Stablecoin payments company RedotPay is considering a confidential US initial public offering filing by the end of the year, Bloomberg reported. The company had previously disputed reports that its US listing had been delayed. No further details on the size or timing of the potential offering were disclosed.

TREE NEWS update: HSBC Holdings said it will buy back up to $1 billion of its own shares. The announcement gives no further detail on timing or execution. HSBC is one of the largest banks in the world by assets.

TREE NEWS reports: HSBC Holdings reported third-quarter pre-tax profit of $9.63 billion, below the $9.7 billion estimate. Revenue came in at $18.6 billion versus an expected $18.93 billion, while the common equity tier 1 capital ratio stood at 13.9%, short of the 14.1% estimate. The bank booked $832 million in net expected credit loss provisions for the quarter.

TREE NEWS reports: StoneX lifted its price target on bitcoin treasury company Strive to $43 from $32 and reiterated a Buy rating on the stock. The 34% increase follows a new stock offering that the brokerage said bolsters Strive’s bitcoin strategy.

TREE NEWS update: Mengniu Dairy and Dongpeng Beverage announced on October 27 the termination of all cooperation with French footballer Kylian Mbappé. Dongpeng was first, saying the move was effective immediately, with its electrolyte water brand “Bushuila” issuing an identical statement that morning. Mengniu followed at 11:13 a.m. with a sealed statement declaring “zero tolerance” for any brand that hurts the feelings of the Chinese people.

TREE NEWS reports: China’s STAR 50 index fell 1.5% in the morning session on Oct. 27 as the three major benchmarks edged lower, with the Shanghai Composite down 0.13%, the Shenzhen Component down 0.33% and the ChiNext down 0.45%. Banks and consumer retail stocks rose against the trend, with Shanghai Rural Commercial Bank up nearly 4% to a year-high and China Construction Bank setting a record, while more than 3,700 stocks declined and half-day turnover reached 877.5 billion yuan.

TREE NEWS update: Anthropic plans to hold its IPO in the week of Nov. 16, as private financing can no longer support the AI company’s spending commitments, investors said. The company carries more than $600 billion in future infrastructure costs, with compute commitments that could reach $750 billion, and it offered Blackstone $9 billion of subordinated debt at a yield above 10% as part of a $60 billion chip financing package. Anthropic reported $16.3 billion in revenue for the first half of 2026, up from $1.1 billion a year earlier.

TREE NEWS reports: Chinese semiconductor chip stocks pulled back in volatile trading, with StarPower Semiconductor (星宸科技) dropping more than 10%. Ziguang Guowei (紫光国微), ASR Microelectronics (翱捷科技), Fullhan Microelectronics (富瀚微), Qiangyi Shares (强一股份), Rockchip (瑞芯微) and Hwatsing Technology (华海清科) each fell more than 5%.

TREE NEWS reports: Global tech stocks drew about $20 billion in net selling over the past two weeks, Goldman Sachs data show, with the selloff reaching an extreme -3.3 standard deviations. JPMorgan analyst Privorotsky noted AI infrastructure debt financing has topped $500 billion this year even as hyperscaler funding costs rose about 120 basis points, flagging Nvidia’s financing links to its GPU customers as a potential credit-risk transmission chain as Alphabet, Microsoft and Amazon report earnings this week.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session up 1.9%, while the broader Topix index gained 0.6%. The morning session ended with both benchmarks in positive territory.

TREE NEWS reports: Chinese food and consumer stocks rose in volatile trading, with Guifaxiang, Sunlight Dairy and Qingdao Food each posting a second consecutive daily limit-up. Yiming Food, Zhu Laoliu and Haixin Foods led the gainers. No further details were disclosed.

TREE NEWS reports: The ChiNext Index, which tracks growth stocks on the Shenzhen Stock Exchange, turned negative on the day after earlier climbing more than 1%. The reversal erased an intraday gain that had exceeded 1%. No further details on the move were provided.

TREE NEWS reports: China’s innovative drug sector pulled back on Thursday, with Nearshore Protein dropping more than 10%. Guangdong Wannianqing, Tebao Biotech, Tijin Life Sciences, Zhongsheng Pharmaceutical and Baiyang Pharmaceutical ranked among the biggest decliners. The material did not specify the cause of the pullback or the size of the broader index move.

TREE NEWS update: China Ceramics said at an Oct. 26 earnings briefing that its high-end MLCC powders have passed validation with some customers and are expected to enter volume supply in the fourth quarter. The company is expanding capacity for automotive-grade and AI-server MLCC powders to capture demand from smarter new-energy vehicles and AI computing buildout. Traditional MLCC capacity utilization is high, while new high-end capacity is still ramping.