Flash News

TREE NEWS reports: Apple is testing a large foldable tablet device, described as a “giant foldable tablet” and designed with reference to Huawei’s MateBook Fold launched in August. Analyst Ming-Chi Kuo has forecast the foldable iPad will arrive in 2028 with an 18- to 20-inch unfolded display, using ultra-thin glass cover supplied exclusively by Corning, with GIS handling cutting, edge processing and inspection.

TREE NEWS reports: Hong Kong stocks closed mixed on the session, with the Hang Seng Index up 0.51% and the Hang Seng Tech Index down 0.36%. Energy names led gains: PetroChina rose about 6%, Sinopec gained about 4% and CNOOC climbed more than 3%.

TREE NEWS update: Huayi Group reported third-quarter 2026 revenue of RMB 13.853 billion, up 15.51% year on year, with net profit attributable to shareholders reaching RMB 156 million versus RMB 10.59 million a year earlier — a 1,372.69% increase. Non-recurring net profit was RMB 6.24 million, reversing a RMB 38.76 million loss. For the first nine months, revenue rose 7.09% to RMB 39.33 billion and net profit climbed 73.89% to RMB 1.01 billion.

TREE NEWS update: Zhangyuan Tungsten reported third-quarter revenue of 2.534 billion yuan, up 71.29% year-on-year, while net profit attributable to shareholders fell 55.65% to 33.27 million yuan. Basic earnings per share for the quarter were 0.03 yuan. For the first nine months, revenue reached 8.381 billion yuan, up 116.09%, and net profit rose 279.17% to 721 million yuan, with basic EPS of 0.6 yuan.

TREE NEWS reports: European equities opened mixed on the day, with the Euro Stoxx 50 up 0.07%, Germany’s DAX up 0.28% and France’s CAC 40 up 0.60%, while the UK’s FTSE 100 slipped 0.17%. The split open left the region’s benchmark gauges little changed overall as investors weighed the session’s start.

TREE NEWS update: SK Hynix plans to pay a special dividend of $12.1 billion, funded by proceeds from its sale of Kioxia shares, the company said. The chipmaker’s US-listed shares rose more than 1% in premarket trading following the announcement. The payout is intended to return capital to shareholders.

TREE NEWS reports: Microsoft and Alphabet report quarterly results after the close on Oct. 28, with Amazon following on Oct. 29 and Exxon Mobil and Chevron closing the week on Oct. 30, as roughly 160 S&P 500 companies report. The three AI hyperscalers spent about $134.9 billion on property and equipment last quarter, roughly double a year earlier, while free cash flow has come under pressure. Investors will focus on capex guidance, depreciation and order conversion.

TREE NEWS reports: Goldman Sachs strategists led by Timothy Moe cut their 12-month target for the KOSPI to 9,000 from 12,000, a 25% reduction, amid mounting concerns over the artificial intelligence sector. The benchmark index has fallen more than 35% from its June high, prompting the team to adopt more conservative valuation assumptions. Even after the cut, Goldman said the index still has more than 60% upside from current levels.

TREE NEWS update: Strive (NASDAQ: ASST) raised about $630 million by pricing 7 million shares of its 15% fixed-dividend perpetual preferred stock SATS at $90 per share on Oct. 15, settling Oct. 20. The Dallas-based bitcoin treasury company bought 7,356 BTC over two weeks, lifting holdings to 36,818 BTC and past MARA Holdings to fourth among public companies. CEO Matt Cole targets second place behind Strategy by year-end.

TREE NEWS reports: Apple has asked suppliers to accelerate production and raise orders by 30% for its first foldable phone, the iPhone Duo, after the device sold out almost immediately following its October 23 launch. The company lifted its 2026 shipment estimate from about 6 million units to 8-10 million, with the next batch not expected to ship until January 22, 2027, and 2027 shipments projected at 33 million units.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges reached 1.608793 trillion yuan on October 26. The Shanghai market accounted for 746.528 billion yuan, while the Shenzhen market contributed 862.265 billion yuan. Turnover on the ChiNext board totaled 429.672 billion yuan.

TREE NEWS update: OKX has launched prediction events tied to this week’s earnings reports from Microsoft, Alphabet, Amazon, Robinhood, Strategy, SK Hynix and SanDisk, the exchange said. Users can bet on whether results beat expectations and on the direction of each stock’s move on the first full trading day after the report. The events are part of OKX’s third season of earnings-season predictions, with a total prize pool of $250,000.

TREE NEWS reports: The Shanghai Composite closed up 0.19% on Thursday after recovering from early losses, while the ChiNext Index fell 1.71% and the Shenzhen Component dropped 1.19%. PetroChina gained over 5% to its highest level since May 2008, leading oil and gas stocks higher. Robot-concept and gaming shares rallied, with several stocks hitting their daily limit, while PCB and computing-hardware names slumped. Total turnover across the Shanghai, Shenzhen and Beijing markets reached 1.62 trillion yuan.

TREE NEWS update: Tradr ETFs is liquidating two leveraged exchange-traded funds tied to SK Hynix, just months after their US listing, as investor appetite for the AI trade fades. The long and short products were designed to deliver twice the daily performance, or twice the inverse, of the South Korean chipmaker’s American depositary receipts.

TREE NEWS update: Dongshan Precision (002384.SZ) said it has ample orders on hand and strong downstream demand, a company official said in response to recent share price volatility. The statement gave no specific figures or details on the order backlog or demand outlook. The company’s shares have seen recent swings.

TREE NEWS reports: Two broad-based ETFs saw heavier afternoon trading, with turnover for both A500 ETF Huatai-PineBridge (563360) and CSI 300 ETF E Fund (510310) each exceeding 5 billion yuan. The pickup in volume came during the afternoon session, the funds’ turnover crossing the 5 billion yuan mark.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.80% lower at 62,189.65 points, while South Korea’s KOSPI ended down 1.45% at 5,469.59 points. The declines in the two major Asian equity benchmarks were reported in the same session.

TREE NEWS update: Tesla has launched a limited-time extended warranty offer for its home chargers, available for purchase between Oct. 21, 2026 and Jan. 20, 2027, starting at 199 yuan. The plan extends coverage for the vehicle charging equipment by two years, taking effect the day after the original manufacturer warranty ends.

TREE NEWS reports: Meituan is seeking to raise $1 billion through a bond offering. The Chinese food-delivery and local-services group is tapping the debt market for the financing. Further terms of the offering, including pricing and maturity, were not disclosed.

TREE NEWS reports: Wanji Technology and Jinyi Technology both hit their daily limit-up on China’s A-share market as the connected-vehicle sector rallied sharply. Gaoxinxing, Ruiming Technology, Xingmin Zhitong and Qianfang Technology also climbed. No specific catalyst was cited for the move.