Flash News

TREE NEWS reports: As of 17:00 on Oct. 24, 22 Beijing Stock Exchange companies had reported third-quarter results, with 17 posting profits and 11 achieving growth in both revenue and net profit, Wind data show. Tonghui Electronics opened the reporting window on Oct. 15. Since October, buybacks and share increases by BSE companies have accelerated, with some initiating dividend payouts.

TREE NEWS update: SK Hynix plans to pay a special dividend of 16 trillion won ($11.6 billion) funded by gains from its investment in Kioxia, the company said. The payout would be one of the largest shareholder returns by a South Korean chipmaker, tied to the value of its stake in the Japanese flash-memory manufacturer.

TREE NEWS reports: Stock ETFs in China drew more than 100 billion yuan in net inflows over the past two trading days, with broad-based funds leading the purchases. From Sept. 28 to Oct. 23, 15 trading days saw nearly 320 billion yuan in net inflows. CSI 300 ETFs, STAR 50 ETFs and ChiNext ETFs were the main destinations for the capital.

TREE NEWS reports: China’s A-share market rebounded from a bottom last week as ETF inflows increased significantly, with institutional strategy notes pointing to a cluster of bottoming signals. Brokerage strategists said the negative liquidity feedback since late September has eased markedly, and a short-term oversold rebound has both fundamental and policy support. They recommend a balanced approach: on offense, oversold sectors with improving Q3 earnings expectations and clear industry trends; on defense, dividend assets bought on dips.

TREE NEWS reports: Several chief economists and analysts at Chinese brokerages said the recent A-share market pullback largely reflects overseas shocks and swings in market sentiment, with risks now substantially released. They said China’s economic fundamentals, recovering corporate earnings and industrial innovation are rebuilding the valuation anchor for A-shares. September data showed infrastructure and manufacturing investment beginning to recover, while October’s EPMI came in above seasonal levels, pointing to continued economic improvement.

TREE NEWS reports: US equity futures opened higher in early Asian trading on Monday, with S&P 500 futures gaining 0.4% and Nasdaq 100 futures up 0.6%. The move reflects early positioning in US stock index futures at the start of the trading week.

TREE NEWS reports: A 10-year backtest by BIT found buy-and-hold returned 392% on the S&P 500 versus 166% for trend-following, while bitcoin trend-following delivered 68.4% annualized versus 62.8% for buy-and-hold. Over the past five years, the trend model returned 25% annually versus 8% for holding. Bitcoin remains in an uptrend, with AI financing pressure, cyberattack risk and macro uncertainty flagged as potential reversal risks.

TREE NEWS reports: Dongfang Harbor Overseas Fund, led by Dan Bin, held 13 US-listed stocks worth about $1.469 billion at the end of the third quarter of 2026, with Alphabet as its top holding. During the quarter the fund cut positions in AMD, Broadcom and Lumentum that it had bought in the second quarter, while adding to Micron Technology, SanDisk, Nvidia, Alphabet Class C and TSMC.

TREE NEWS reports: Dan Bin’s Dongfang Harbor overseas fund held 13 US-listed stocks worth about $1.469 billion at the end of the third quarter of 2026, with Alphabet as its top holding. During the quarter the fund cut positions in AMD, Broadcom and Lumentum that it had bought in the second quarter, while adding Micron Technology, SanDisk, Nvidia, Alphabet Class C and TSMC.

TREE NEWS reports: Strive CEO Matt Cole posted a chart of the company’s Bitcoin holdings on X on October 25, with the caption “The sats/$SATS perpetual swap has been activated.” The post may signal that Strive will disclose increased BTC holdings as soon as next week, a move that would mirror Strategy founder Michael Saylor’s approach.

TREE NEWS reports: Spot Bitcoin ETFs recorded about $301 million in net inflows for the week, ending a two-week losing streak. Two consecutive days of outflows late in the week kept October net flows negative overall. The weekly figure marks a reversal after back-to-back weeks of redemptions.

TREE NEWS reports: China Merchants Strategy said in a research note that after the recent rapid selloff, multiple A-share indicators have approached historical bottom ranges. Trading volume has shrunk markedly and turnover has fallen to levels near past major bottoms, while mid- and long-term funds led by ETFs are accelerating into the market and stabilization efforts are intensifying. The note said the market bottom often leads the fundamental bottom, with earnings and PPI still improving and providing a positive driver for A-shares.

TREE NEWS reports: Great Wall Securities’ chief economist team said A-shares have entered a zone with medium- to long-term allocation value after the market’s volatile pullback since late September, with downside relatively limited. The team said pessimistic expectations are largely priced in and that policy implementation and fundamentals are converging to build upward elasticity.

TREE NEWS update: ZTO Express said at an earnings briefing on Oct. 25 that the current ‘anti-involution’ campaign, which bans below-cost price wars, is expected to continue as parcel volume growth slows and rigid costs such as fuel rise. The company said peak-season price fluctuations are normal and follow e-commerce promotions and holidays, and that pickup prices in some core regions have recovered since September from July-August levels.

TREE NEWS update: Dongshan Precision has set the offer price for its Hong Kong initial public offering at HK$86.80 per share, the company said. The pricing fixes the per-share level for the listing, with the deal now set to proceed at that offer price. No further details on the size of the offering or the listing date were provided.

TREE NEWS reports: Goldman Sachs strategists led by Timothy Moe cut their 12-month target for South Korea’s Kospi index by 25%, to 9,000 from 12,000, citing heightened concerns over the artificial intelligence trade. It is the bank’s first sharp downgrade this year after repeated upgrades. The benchmark has fallen more than 35% from its June high, and the revised target still implies over 60% upside from current levels.

TREE NEWS update: Tianqi Lithium reported net profit attributable to shareholders of 5.602 billion yuan for the first three quarters of 2026, up 3013.86% year on year, on revenue of 18.279 billion yuan, up 147.11%. Third-quarter revenue was 6.037 billion yuan, up 135.40%, with net profit of 1.36 billion yuan, up 1323.97%. The company attributed the growth to higher average selling prices and volumes of lithium products and a large increase in investment income from SQM.

TREE NEWS update: The Shanghai Stock Exchange began implementing revised compilation methodologies for its Shanghai series composite indices, including the Shanghai Composite, Shanghai A-Share, Shanghai Tradable, and STAR Composite indices and derivatives, on Aug 26. The revision adds a 15% cap on any single constituent’s weight and moves the removal of risk-warning securities to the next trading day after the second Friday of the month following the risk-warning announcement, instead of the month following implementation. All other rules remain unchanged.

TREE NEWS update: S&P Dow Jones Indices will change how it classifies growth and value stocks, adding intangible assets, expected earnings and free cash flow to value criteria and dropping 12-month price momentum from growth criteria. The new rules take effect before the U.S. market open on Dec. 21, forcing index-tracking funds to rebalance. About $375 billion in passive funds will be affected.

TREE NEWS reports: Strategy, Strive and other bitcoin treasury companies have used preferred stock financing to buy 135,979 bitcoin since the start of 2025 through Oct. 5, more than 0.5% of bitcoin’s maximum supply, with the related preferred stock market at about $12 billion. Strategy spent $193 million repurchasing STRC and bought 267 bitcoin in its latest weekly report, raising its preferred stock repurchase authorization to $3 billion.