Flash News

TREE NEWS update: AbbVie reported third-quarter adjusted earnings per share of $3.82, up from $1.86 a year earlier and ahead of the $3.74 market estimate. Net revenue for the quarter came in at $17.40 billion, up 10% year over year and above the $17.34 billion consensus. The company raised its full-year adjusted EPS guidance to $13.95-$13.99 from $13.76-$13.96, versus a $13.91 estimate.

TREE NEWS update: The Shanghai Stock Exchange said it took self-regulatory measures against 108 abnormal trading behaviors, including price ramping and false declarations, between Oct. 26 and Oct. 30, 2026. It also conducted special reviews of major matters at 31 listed companies and reported two suspected violations to the China Securities Regulatory Commission.

TREE NEWS update: The Shanghai Stock Exchange issued a regulatory work letter to Jinko Power Technology Co., Ltd. over its purchase of overseas land leasehold rights and related-party transactions, setting out clear regulatory requirements. The letter covers the listed company, its directors, and senior management. No further details were disclosed.

TREE NEWS reports: Bitcoin held above $76,000 on [date] despite a $6.3 billion Binance hack and a tech-stock sell-off that triggered $1.6 billion in liquidations, with momentum indicators pointing to a possible rebound.

TREE NEWS update: Changan Automobile has pre-listed its wholly owned subsidiary Changan Technology on a property rights exchange, planning to bring in investors through a capital increase. The company holds 100% of Changan Technology. The counterparties, the final amount of the capital increase and the resulting equity stake remain undetermined.

TREE NEWS update: Kioxia said its revenue and profit growth are expected to rebound in the next quarter, while noting that NAND price trends for the next fiscal year remain difficult to determine. The memory chip maker did not provide specific figures for the outlook.

TREE NEWS update: Block, Jack Dorsey’s fintech company, will push its crypto and payments platform Cash App into a full digital bank, adding stock, ETF and bitcoin trading, short-term loans, high-yield savings and a customizable debit card. Cash App now has 9.4 million users who treat it as their primary banking tool, up 17% year over year. The platform still faces stalled user growth and compliance pressure, and Block in August doubled its legal reserve for a multi-year US DOJ investigation to $526 million.

TREE NEWS update: Kexiang Co. plans to invest about 2 billion yuan ($280 million) to build a high-end AI computing PCB substrate project in the Xiangshuihe Industrial Park in Daya Bay, Huizhou, with a two-year construction period. Once completed, the project will add annual capacity of 46,000 square meters of mSAP substrates and 1.2 million square meters of AI server PCB substrates.

TREE NEWS reports: Nasdaq futures fell 2.5%, extending an earlier decline, as the drop deepened in the session. The move marks a sharper pullback in equity futures, with the tech-heavy index’s contracts down 2.5%.

TREE NEWS update: The Shanghai and Shenzhen stock exchanges published an expanded list for Southbound ETF Connect, adding 10 ETFs including the CSOP Nomura FTSE Hong Kong Japan Equity Cash Flow Focus Index ETF, the CSOP FTSE Asia Technology and Dividend Index ETF and the ChinaAMC Hong Kong-US AI ETF. The change takes effect on November 9, raising the total number of eligible products from 31 to 41 and further diversifying asset types covered.

TREE NEWS update: China Rare Earth announced it will issue shares to acquire an equity stake in Chinalco Liangshan and raise matching funds, with trading in its shares suspended from Nov 2. The transaction is expected to constitute a major asset restructuring and a related-party deal, though not a backdoor listing; the counterparty is preliminarily identified as China Rare Earth Group, with the final scope not yet fixed. The company expects to disclose the transaction plan within 10 trading days, by Nov 16, 2026, or otherwise resume trading and terminate the plan.

TREE NEWS update: Shanghai Pudong Development Bank said its senior executives, business directors and core managers of head-office departments, tier-one branches and subsidiaries plan to buy at least RMB 25 million of the bank’s A-shares through centralized bidding on the Shanghai Stock Exchange. The purchases will use personal funds, with no price range set, and will be carried out over six months starting November 2, 2026.

TREE NEWS update: Jin’an Guoji Group Co., Ltd. said in a stock-trading abnormality announcement that it has had no contact with Nvidia or Huawei and has not directly carried out any form of business cooperation with them. The company’s shares rose by a cumulative 20% deviation over three consecutive trading days. Its high-frequency, high-speed copper-clad laminate products remain in R&D and customer sampling, with no revenue generated yet and uncertainty over R&D progress and results.

TREE NEWS update: Victory Giant Technology said its 2026 first-tranche A-share employee stock ownership plan completed share purchases, acquiring 4.7754 million shares on the secondary market via centralized bidding for a total of 695 million yuan, excluding trading fees. The plan raised 695 million yuan, within its 700 million yuan cap, at an average price of 145.57 yuan per share. The shares are locked up for 12 months, from Oct. 30, 2026 to Oct. 29, 2027.

TREE NEWS update: Kioxia reported operating profit of about ¥1.995 trillion for its fiscal 2026 second quarter (July–September), slightly above the ¥1.95 trillion market estimate, on revenue of ¥2.48 trillion, up 40.3% quarter on quarter. The Japanese memory chipmaker guided third-quarter operating profit to roughly ¥2 trillion, below the ¥2.35 trillion consensus, and declared an interim dividend of ¥90 per share. Surging AI data storage demand drove the profit growth.

TREE NEWS update: Shennan Circuits A plans to acquire between 51% and 70% of Tianhe Kaituozhe Photovoltaic Bracket (Jiangsu Changzhou) Co., a unit of Trina Solar, in an all-cash deal. Upon completion, the target will become a controlled subsidiary of the company and be consolidated into its financial statements. No transaction value was disclosed.

TREE NEWS update: Kweichow Moutai reported first-three-quarter 2026 revenue of 130.971 billion yuan, up 1.96% year on year, while net profit attributable to shareholders fell 0.25% to 64.467 billion yuan. Non-recurring net profit came in at 64.325 billion yuan, down 0.55%. In the third quarter alone, revenue rose 3.08% to 40.267 billion yuan and net profit gained 3.78% to 19.951 billion yuan.

TREE NEWS update: VeriSilicon Holdings Co., Ltd. repurchased 290,500 of its own shares for the first time on Oct. 30, 2026, through the Shanghai Stock Exchange’s centralized bidding system, representing 0.0552% of total share capital. The buyback was executed at prices between 99.00 yuan and 98.23 yuan per share, for a total of 28.7024 million yuan. The repurchase plan is now complete, and the shares will be used for employee stock ownership or equity incentive plans.

TREE NEWS update: Microsoft has priced a $25 billion, 10-tranche dollar bond offering, including two $1 billion floating-rate notes due 2028 and 2029 and eight fixed-rate tranches totaling $23 billion maturing between 2028 and 2066, with coupons of 4.85% to 6.35% and spreads of 25 to 105 basis points over Treasuries. The notes settle Nov. 4 and are rated Aaa by Moody’s and AAA by S&P. It is Microsoft’s first dollar bond sale since 2017.

TREE NEWS update: VeriSilicon reported a net loss attributable to shareholders of RMB257 million for the third quarter of 2026, with revenue of RMB1.317 billion, up 2.85% year on year. Non-GAAP net loss came in at RMB262 million. For the first nine months, revenue reached RMB3.181 billion, up 41.08%, while the net loss totaled RMB869 million and the non-GAAP net loss RMB884 million.