Flash News

TREE NEWS update: Apple’s first foldable phone, the iPhone Duo, went on sale on October 23, with first-batch stock selling out shortly after pre-orders opened at 8 p.m. on October 16. Estimated delivery times for some orders on Apple’s China website now stretch to late January 2027, though the premium buyers can charge for resale has already narrowed significantly.

TREE NEWS reports: Huafu Securities chief macro analyst Chen Xing said A-share core asset valuations have fully reflected cautious market expectations, with the allocation value of equities gradually emerging. He said that as long as earnings stabilize at the margin and liquidity expectations repair moderately, equities have upward recovery elasticity. Chen advised investors to avoid short-term sentiment interference and panic selling, and to focus on quality names with good earnings-valuation matches.

TREE NEWS reports: Forty-four Chinese A-share companies will see lock-up restrictions lifted next week, releasing shares worth a combined 106.01 billion yuan based on the latest closing prices. Xi’an ESWIN Materials-U accounts for the largest share, with 2.837 billion shares becoming tradable, mainly original shareholder pre-IPO shares, valued at 60.283 billion yuan. Suochen Technology follows with nearly 40 million shares unlocking, worth 7.3 billion yuan.

TREE NEWS update: TeraWulf amended its senior secured revolving credit agreement on Oct. 23, raising the facility from $250 million to about $400 million, a roughly 60% increase effective the same day. Morgan Stanley Senior Funding serves as administrative and collateral agent. The amendment also allows the facility to grow by a further $150 million once new lender commitments are secured and conditions met, and removes a prior $150 million sublimit on letters of credit.

TREE NEWS update: EVE Energy said on Oct. 23 that all of its plants producing large cylindrical batteries are running at full capacity, with international client demand far exceeding expectations and domestic customers also beginning to take deliveries. The company said it began talks with customers in the first half of 2026 over consumption-tax and export-rebate adjustments and has reached agreement with the vast majority on the plan.

TREE NEWS update: EVE Energy said on an Oct. 23 conference call that its fourth-quarter production schedule is expected to rise quarter on quarter and that its Q4 capacity is fully booked. Inventory turnover stands at about 56 days, within the normal production and cell storage and delivery cycle. With raw material prices fluctuating, the company will speed up inventory turnover and cap safety stock, while still refining its month-by-month 2027 shipment plan.

TREE NEWS reports: The Dow Jones Industrial Average fell 652.82 points, or 1.23%, on Friday as Brent crude’s December contract settled at $116.72 a barrel, up 3.1% and the highest close since April, while WTI rose 3.82% to $103.27. The S&P 500 slipped 0.52% and the Nasdaq 0.21%, with energy majors Exxon and Chevron gaining 2.79% and 2.88% respectively. American Express fell 3.67% after announcing 3,500 job cuts, citing AI efficiency gains.

TREE NEWS reports: Broad-based ETFs listed in China attracted a net 236.14 billion yuan ($33 billion) over the 20 trading days from Sept. 17 to Oct. 22, equal to 94.59% of the 249.66 billion yuan that flowed into equity ETFs in the period, Wind data show. On Oct. 22 alone, broad-based ETFs took in 51.66 billion yuan. Money went mainly to products tracking the CSI 300, STAR 50 and ChiNext indices.

TREE NEWS update: Allegiant Air said Friday it exercised options to buy six Boeing 737-8 aircraft under a 2021 purchase agreement, with a combined list price exceeding $720 million. The planes are scheduled for delivery in 2028. Under the agreement, Allegiant has now firmed up 56 aircraft, of which 22 have been delivered, with options on a further 74 not yet exercised. IBA estimates the jets’ market value at about $351 million based on delivery year.

TREE NEWS update: Nasdaq-listed HYPE treasury company Hyperliquid Strategies (PURR) said its board approved raising its share repurchase program from $30 million to $100 million, with about $72 million remaining available under the plan. The termination date was extended from Dec. 5, 2026 to Oct. 31, 2027, and buybacks will be executed at management’s discretion and may be extended, paused or terminated at any time. The company’s HYPE holdings have grown to about 38.83 million tokens.

TREE NEWS reports: At Friday’s New York close, S&P 500 futures settled down 0.36% and Dow futures fell 1.13%, while Nasdaq 100 futures gained 0.16%. Russell 2000 futures slipped 0.21%.

TREE NEWS update: Opay Ltd., the SoftBank-backed Nigerian payments platform, is seeking to raise up to $336 million in a US initial public offering. The company plans to offer 16 million American depositary shares at an indicative price range of $19 to $21 per ADS.

TREE NEWS reports: FTSE China A50 index futures closed down 0.37% in the continuous night session, settling at 12,991 points. The move reflects overnight positioning in the offshore contract tracking the 50 largest A-share companies.

TREE NEWS reports: The Dow Jones ETF closed down 1.24% on Friday, Oct. 23, leading losses among major U.S. asset-class ETFs. The S&P 500 ETF fell 0.52%, the Nasdaq 100 ETF slipped at most 0.18%, and the gold ETF dropped 0.65%. The United States Brent Oil Fund gained 3.02%, while the emerging markets ETF rose 0.47% and the dollar-bullish index added 0.21%.

TREE NEWS update: Tesla said the interface of its Roadster model is inspired by fighter jet cockpits. The automaker disclosed the design detail as part of the vehicle’s interior presentation. No further technical specifications or production timeline were provided.

TREE NEWS reports: Consumer staples was the worst-performing of the S&P 500’s 11 sectors, closing down 1.83%, while consumer discretionary, telecom, financials, industrials and health care fell by as much as 1.39%. Information technology and energy moved against the trend, gaining 0.35% and 2.51% respectively.

TREE NEWS reports: Most US sector ETFs declined on Friday, Oct. 23, with the global airline ETF falling 2.5% and consumer discretionary, financials, industrials and healthcare ETFs dropping as much as 1.66%. The technology sector ETF gained 0.49%, the semiconductor ETF rose 0.74% and the energy ETF climbed 2.6%. Year to date in 2026, the energy ETF is up 58.14% and the semiconductor ETF up 46.39%, while the airline ETF is down 7.02%.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index rose 0.63% to 2867.55 on Friday, October 23, but fell 3.59% over the week after declining on October 21-22. Among constituents, Horizon Robotics’ H-shares gained 8.14% and Hesai’s ADR added 8.15%, while Volvo Car fell 24.23% and Ola Electric dropped 6.29%.

TREE NEWS reports: Instacart is in talks to sell the company. No buyer, price or timeline was disclosed. The grocery-delivery platform has not confirmed the discussions. Further details were not immediately available.

TREE NEWS reports: General Motors closed down 9.6%, its largest weekly decline since 2023. The automaker’s stock suffered the sharpest one-week selloff in about two years, with the drop logged at the close of the trading week.