Flash News

TREE NEWS reports: Spot memory prices in Shenzhen’s Huaqiangbei electronics market remain elevated despite a sharp pullback in A-share storage stocks, with some companies down more than 40%. 16GB DDR5 modules are quoted at 1,400-1,600 yuan, 32GB at over 2,000-3,000 yuan, and 1TB SSDs at 800-1,000 yuan. Prices have edged slightly off recent highs but stay near the top of their range, with traders describing a market where quotes hold firm but transactions are scarce.

TREE NEWS reports: Trend-following hedge funds suffered their worst week since 2024 as artificial intelligence-linked stocks fell. The decline marks the sharpest weekly setback for so-called trend followers in roughly two years, with the AI stock selloff driving the losses.

TREE NEWS update: Tuojing Life announced third-quarter 2026 revenue of 100 million yuan, up 1.75% year on year, with net profit attributable to shareholders at 9.5425 million yuan, up 216.43%. Non-recurring net profit rose 74.86% to 5.661 million yuan. For the first nine months of 2026, revenue reached 288 million yuan, up 11.65%, while net profit attributable to shareholders climbed 263.97% to 21.0191 million yuan.

TREE NEWS reports: Meta Platforms shares fell about 2.7% in US premarket trading. No further details on the move were immediately available.

TREE NEWS update: Meta Platforms launched two concurrent underwritten public offerings: about $22.5 billion of Class A common stock through forward sale agreements and about $12.5 billion of depositary shares representing Series A mandatory convertible preferred stock. Morgan Stanley and Goldman Sachs are joint lead underwriters. Meta said net proceeds from both offerings will be used for general corporate purposes, including AI infrastructure buildout.

TREE NEWS reports: HSBC strategists led by Max Kettner moved developed-market government bonds to overweight from maximum underweight, saying their underperformance has become “excessive,” while shifting equities to neutral from maximum overweight. The team flagged the Middle East and oil, a possible pivot in the Federal Reserve’s hawkish stance, and hyperscaler free cash flow as its three themes for 2027, expecting the Fed’s hawkish posture to turn in the first half.

TREE NEWS update: Jingang Solar’s wholly owned subsidiary Ouhua New Energy Power (Gansu) signed procurement contracts with Supplier A and Supplier B for GPU cards and servers, totaling 480 million yuan ($66 million) including tax. The contracts are worth 348 million yuan and 132 million yuan respectively, with the equipment to be used to provide computing power services to customers.

TREE NEWS update: XRP treasury company Evernorth plans to raise about $80.7 million through a committed equity financing arrangement with a Cantor Fitzgerald affiliate, with proceeds intended for general corporate purposes including buying XRP. An SEC filing dated Oct. 23 gives Evernorth the right to sell up to about 5.219 million new common shares to CF Principal Investments in tranches once conditions are met. At the Oct. 22 closing price of $15.46 per share, that equals roughly $80.7 million; the actual amount depends on shares sold and pricing, and the financing and XRP purchases have not been completed. Evernorth currently holds about 473 million XRP.

TREE NEWS update: Changxin Bochuang plans to repurchase between RMB 200 million and RMB 300 million of its shares at a maximum price of RMB 250 per share. The buyback, valid for up to 12 months from board approval, is intended for equity incentives or an employee share ownership plan. At the upper limit, the company expects to repurchase about 1.2 million shares, roughly 0.41% of total share capital.

TREE NEWS update: Xingyun Technology said its wholly owned subsidiary Changsha Yueyunshu Technology signed two supplementary agreements with Client V raising the total contract value for subsequent equipment batches to about 8.848 billion yuan from 6.523 billion yuan, an increase of about 35.64%, with a combined five-year lease term. The adjusted rent applies to the second delivered batch and later equipment, while the first batch keeps its original pricing; the company said the total is a static estimate and not a performance commitment.

TREE NEWS update: Unitree Robotics (688836.SH) said its shares rose more than 30% over three consecutive trading days, triggering an abnormal-trading-volatility notice. As of Oct. 26, the company’s trailing price-to-earnings ratio stood at 465.22x, versus an industry average of 38.54x for general equipment manufacturing. The company said the humanoid-robot sector is still in early commercialization, with uncertainty over technology maturity, downstream demand and supply-chain readiness, and warned of valuation pullback risk if commercialization lags expectations.

TREE NEWS update: Meta has filed a mixed-securities shelf registration, allowing the company to offer multiple types of securities in future offerings. The filing covers a range of potential instruments under a single registration. No specific size or timing for any offering was disclosed.

TREE NEWS update: Shanghai Xihe Technology Co., Ltd.’s IPO application for the STAR Market has moved to “registration effective” status. The status change marks the completion of the registration review for the company’s planned listing on the SSE’s science and technology board.

TREE NEWS update: Zhongfu Information reported a net loss attributable to shareholders of 30.78 million yuan for the third quarter of 2026, with revenue down 27.32% year on year to 132 million yuan. Non-GAAP net loss for the quarter was 33.55 million yuan. For the first nine months, revenue fell 27.67% to 345 million yuan, with a net loss of 151 million yuan.

TREE NEWS reports: Bernstein on October 26 raised its price target on SpaceX (SPCX.O) to $268 from $248. The upgrade reflects the brokerage’s revised valuation for the space exploration company. No further details on the rating or rationale were disclosed.

TREE NEWS reports: Unitree Robotics (688836.SH) shares briefly climbed back above 700 yuan, capping a 65% rebound over seven trading sessions from an Oct. 15 low of 404 yuan, and last traded at 672 yuan for a market value of 272 billion yuan. The stock drew 82.77 million yuan of net main-fund inflows on the day and 249 million yuan of net institutional buying. Hyperliquid’s UNITREE perpetual traded near $98 with $27.62 million in open interest. Only 7.4% of shares are in free float.

TREE NEWS update: China Unicom announced that Jian Qin has resigned as a director, member of the board’s development strategy committee, and president of the company due to a work reassignment, with the resignation effective October 26, 2026. The telecom operator disclosed the move in a company filing.

TREE NEWS update: SK Hynix said it is reviewing various shareholder return measures but has not decided on any of them as of yet. The memory-chip maker gave no further details on the timing, size or form of any potential return. The statement follows market speculation about possible dividends or buybacks.

TREE NEWS update: Private equity firm EQT is acquiring Range Resources in an all-stock transaction. The deal was announced without disclosed financial terms. Range Resources is a natural gas producer, and the all-stock structure means EQT will issue shares to fund the acquisition.

TREE NEWS reports: Saudi Arabia’s benchmark index rose 3.1% on Tuesday, its biggest single-day gain since September 2025, after this month’s steep selloff pushed the gauge into technically oversold territory. The month-to-date decline has narrowed to 6.4%, after the index had been on course for its worst monthly drop in four years. Senior security officials from Saudi Arabia, Pakistan and Turkey were reported to be traveling to Iran to meet Iranian leaders to ease Middle East tensions.