Flash News

TREE NEWS update: Longsys has priced its Hong Kong initial public offering at HK$236 per share. The pricing sets the stage for the company’s listing on the Hong Kong Stock Exchange. Details on the total offering size and debut date have not been disclosed.

TREE NEWS update: China’s Ministry of Emergency Management deployed 796 personnel and 522 sets of equipment from central state-owned enterprises to support rescue operations in Gyirong County, Tibet, following a debris flow disaster. Under unified command, they are conducting search, road clearing, and risk monitoring. Additionally, experts from CCCC and China Railway were sent to Nepal for tunnel rescue assistance.

TREE NEWS update: Israeli Defense Minister Israel Katz said on April 3 that if Iran attacks Israel, Israel will strike all Iranian infrastructure, including energy facilities. The warning escalates regional tensions amid ongoing conflict.

TREE NEWS update: The US August ISM Non-Manufacturing Index is scheduled for release at 22:00 Beijing time. The data will provide insight into the services sector’s performance. Investors will watch for signals on economic momentum and potential implications for Federal Reserve policy.

TREE NEWS reports: Chicago Board of Trade (CBOT) wheat futures dropped 3.5% intraday to 769.5 cents per bushel, reflecting a sharp selloff in agricultural commodities. The move comes amid broader market volatility and changing supply expectations. Traders are monitoring weather and export demand for further direction.

TREE NEWS reports: The final S&P Global US Composite PMI for August came in at 56, matching the preliminary reading. The figure signals continued strong expansion in the private sector, with services and manufacturing activity remaining robust. The data underscores resilience in the US economy amid ongoing market scrutiny of growth prospects.

TREE NEWS update: Shenzhen’s industry and technology bureaus issued a plan to advance intelligent robot core technology, targeting breakthroughs in embodied intelligence toolchains, models, humanoid robot bodies, and core components. The city will leverage local research institutes and establish joint funds for robotics and AI to support foundational research and enhance original innovation capabilities.

TREE NEWS update: Shenzhen’s industry and science agencies issued a 2026-2028 action plan to boost the intelligent robotics sector, pledging a city-district service mechanism to help such companies with financing and listing needs. The plan directs AI, embodied-robot, AI-terminal and high-end equipment funds to leverage social capital in supporting qualified firms, in accordance with regulations.

TREE NEWS reports: US media reported on the 2nd that President Trump suggested Daniel Driscoll, the Army Secretary who recently resigned, remain in his post at least until the November congressional midterm elections. The reason for Trump’s suggestion is unclear.

TREE NEWS reports: The North America Tech Software Sector Index ETF climbed more than 3.2% to $106.75, reflecting a strong day for software stocks. The move underscores renewed investor appetite for tech equities amid broader market gains.

TREE NEWS reports: Moderna (MRNA) fell over 4.3% to $144.30, holding near highs since an August 19 surge of 177%. Rothschild & Co. said the company is now overvalued following a rally driven by cancer vaccine prospects.

TREE NEWS update: The Shanghai Stock Exchange has issued a regulatory work letter to Longban Media regarding abnormal fluctuations in its stock trading. The exchange’s action follows unusual price movements in the company’s shares, prompting regulatory scrutiny. Further details of the letter were not disclosed.

TREE NEWS reports: Shipping stocks, buoyed by a months-long Hormuz crisis, have become one of 2026’s hottest trades, jumping about 68% this year and 82% over 12 months, outpacing the S&P 500 by fivefold. Crude tanker shares lead with a 120% YTD gain, per Lloyd’s List Intelligence’s basket of 35 US and European listed shippers.

TREE NEWS update: OpenAI will host 300 security leaders at its headquarters on Thursday. The meeting aims to engage with influential figures in the security community, though further details were not disclosed.

TREE NEWS reports: US stocks opened higher on Thursday, with the Dow up 0.59%, S&P 500 up 0.4%, and Nasdaq up 0.45%. Snowflake jumped 26% after reporting better-than-expected Q2 results and raising its full-year guidance. Broadcom fell over 4% as its Q4 guidance missed estimates. GoPro rose over 6% after agreeing to acquire optical module maker Starman Optical for $285 million in cash.

TREE NEWS reports: Wall Street opened higher on the day. The S&P 500 rose 20.11 points (0.26%) to 7,686.71, the Dow Jones Industrial Average gained 247.22 points (0.47%) to 53,309.17, and the Nasdaq Composite advanced 118.49 points (0.45%) to 26,336.32.

TREE NEWS update: Crypto recovery specialists have successfully cracked a wallet once thought to hold $1 billion in digital assets, only to discover it contained a mere $10. The case highlights that lost passwords and seed phrases can sometimes be recovered, but such efforts are futile if the funds were never actually there. The revelation underscores the challenges and misconceptions surrounding crypto asset recovery.

TREE NEWS update: On September 2, the cargo ship Haofeng departed Dalian Port with 14,000 tons of bagged chemicals, heading to Europe via the Arctic route. This marks the first voyage on the northern sea route for bulk cargo from China’s northern ports this year and the official resumption of the Dalian Port Arctic route after a hiatus of over ten years.

TREE NEWS update: Nvidia CEO Jensen Huang announced Thursday that the company will acquire Hugging Face, calling it the “perfect home” for the AI platform. Hugging Face CEO Clément Delangue said his team initiated talks with Huang this summer, and a deal was reached within weeks. The platform will continue operating as an open ecosystem for AI developers and institutions.

TREE NEWS update: Hong Kong’s Securities and Futures Commission (SFC) is intensifying scrutiny of fund investments in unlisted private products, requiring fund managers to clearly disclose risks. If such investments exceed half of the fund’s portfolio, they will be treated as ‘complex products’ under stricter regulation, aiming to prevent retail investors from buying products beyond their risk tolerance.