Flash News

TREE NEWS update: Accelink Technologies said its production and delivery operations are running normally and its order backlog is sufficient, with strong demand for high-speed optical interconnect and optical transmission products. The company said R&D and business cooperation are progressing as planned, including projects in optical transmission and optical interconnect, and that business communication and cooperation with major customers remain stable.

TREE NEWS reports: China’s ChiNext Index fell 2.14% by the midday close on Oct. 23, dropping below the 2,500-point mark intraday, while the Shanghai Composite slipped 1.2% after briefly losing 3,600 points. More than 4,800 stocks across the Shanghai, Shenzhen and Beijing markets traded lower, with 4,554 decliners against 609 gainers. Insurers, liquor, banks and brokerages bucked the trend, while computing hardware, media, semiconductors and consumer electronics led losses. First-half turnover reached 1.08 trillion yuan.

TREE NEWS reports: CATL’s A-shares rose more than 2% in intraday trading, pushing the battery maker’s market capitalization back above 1 trillion yuan. The move marks a return to the 1 trillion yuan threshold for the Shenzhen-listed company.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session down 1.7% and the broader Topix fell 1.8%. The declines marked a weaker morning for Japanese equities, with both benchmarks finishing the half-day lower.

TREE NEWS reports: Trading volume in several Chinese broad-based ETFs surged, with the E Fund CSI 300 ETF (510310) already exceeding its full-day turnover from the previous session. The ChinaAMC CSI 300 ETF (510330) and ChinaAMC SSE 50 ETF (510050) also posted notably higher volume.

TREE NEWS reports: Hong Kong’s Hang Seng Index reversed earlier gains to trade down 0.4%, while the Hang Seng Tech Index fell 0.2%. The tech gauge had earlier risen nearly 2% before the pullback.

TREE NEWS reports: The ChiNext Index, which tracks growth-oriented stocks on the Shenzhen Stock Exchange, dropped more than 3% on the session. No further market details were immediately available. The move marks a sharp decline for the tech-heavy benchmark.

TREE NEWS reports: China’s three major stock indices each fell more than 2% on the day, with computing hardware, semiconductor chips, precious metals, and pharmaceuticals leading the declines. Nearly 5,100 stocks across the Shanghai, Shenzhen, and Beijing markets closed lower, and nearly 140 stocks dropped more than 9%.

TREE NEWS reports: The MSCI Asia-Pacific Index dropped 1% to 256.10 points. The decline reflects a broad pullback across the region’s equity markets. No further details were immediately available.

TREE NEWS reports: The Shanghai Composite Index fell below the 3,600-point level on [date], dropping more than 1.6% during the session. The move marked a sharp intraday decline for the benchmark mainland Chinese equity gauge, which had been trading above that threshold. No specific catalyst for the drop was cited in the material.

TREE NEWS reports: China’s ChiNext and STAR 50 indices each fell more than 2%, while the Shanghai Composite dropped 1.48% and the Shenzhen Component lost 1.70%, with precious metals, computing hardware and semiconductor chips among the biggest decliners. More than 5,000 stocks fell across the Shanghai, Shenzhen and Beijing exchanges.

TREE NEWS reports: BitMine chairman Tom Lee said the market is in a selloff, with tech and semiconductor stocks under pressure while defensive sectors outperform, signaling risk-off sentiment. In a CNBC interview, Lee said sentiment is overly pessimistic and cited his technical analyst Mark Newton’s view that tech stocks have essentially reached support levels.

TREE NEWS update: Visa plans to acquire crypto custody firm Fireblocks for $2.5 billion. The deal would put a major payments network in control of a custody provider used by institutions to store digital assets. No further terms or timeline were disclosed.

TREE NEWS reports: Fidelity Digital Assets analyst Zack Wainwright said in an October 20 note that bitcoin-linked preferred stock financing could draw capital from the roughly $15 trillion global fixed-income market. Fidelity estimates such preferred stock totals about $12 billion and has funded the purchase of 135,979 bitcoin as of October 5, including more than 95,000 bought between March and May. Strive Inc. closed a $630 million Series A perpetual preferred offering on October 20, while Strategy Inc. disclosed holdings of 848,517 bitcoin.

TREE NEWS reports: All three major A-share indices fell more than 1% on the day, with the STAR 50 index dropping over 2%. Precious metals, semiconductors, photovoltaics and power grid equipment led the declines, while more than 5,100 stocks across the Shanghai, Shenzhen and Beijing exchanges closed lower.

TREE NEWS reports: The CSI Convertible Bond Index opened 0.24% lower. Aohong, Weidao, Ruichuang, Benchuan and Yanpai convertible bonds led the declines, falling 3.90%, 2.45%, 2.24%, 2.18% and 2.00% respectively. N Changqing, Xiangjia, Shengde, Shuangliang and Jin23 convertible bonds led the gainers, rising 30.00%, 2.99%, 2.26%, 2.03% and 1.24%.

TREE NEWS reports: China A-share PCB concept stocks extended their slide, with Zhongjing Electronics hitting the daily limit-down. Aosikang, Aohong Electronics, Chongda Technology, Jinlu Electronics and Fangbang Co. each fell more than 5%. The move marks a continuation of the sector’s adjustment.

TREE NEWS reports: China’s Shanghai Composite opened at 3623.57 on the day, down 0.94%, with the Shenzhen Component falling 1.49% to 11187.55 and the ChiNext Index dropping 1.66% to 2534.16. The CSI 300 opened 1.08% lower at 3992.90, while the STAR 50 fell 1.38% to 1287.87. The CSI 500 and CSI 1000 opened down 1.44% and 1.49% at 6559.61 and 6480.18, respectively.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.41% higher at 23,027.98 on Thursday, while the Hang Seng Tech Index gained 0.51%. Tencent Music rose nearly 4%, Li Auto added 3.5%, and JD.com and NetEase each climbed more than 2%.

TREE NEWS reports: SK Hynix shares erased an earlier 4.3% decline and turned flat on the session. The memory-chip maker had been down sharply before recovering the loss. No further details were given on the move.