Flash News

TREE NEWS reports: Margin financing balances across the Shanghai and Shenzhen stock exchanges fell a combined 23.295 billion yuan to 2.4191 trillion yuan as of Oct. 22 from the prior trading day. The Shanghai exchange’s balance dropped 10.383 billion yuan to 1.246938 trillion yuan, while Shenzhen’s fell 12.912 billion yuan to 1.172162 trillion yuan.

TREE NEWS reports: Citi said the recent selloff in Chinese stocks shows market sentiment is near or already at extremely pessimistic levels, yet valuations for China’s internet sector remain attractive. The bank reiterated Tencent, Alibaba, Meituan, PDD and Full Truck Alliance as its preferred stocks, adding that even with a potential 10% to 30% further earnings downgrade, sector valuations stay attractive.

TREE NEWS reports: CITIC Securities said China-EU trade consultations have sent positive signals, with monthly rare earth permanent magnet export volumes hitting a year-to-date high. Combined with the traditional fourth-quarter demand peak and emerging demand from humanoid robots, the brokerage said the sector’s rigid-supply, elastic-demand logic may keep strengthening and reiterated its recommendation on strategic allocation to the rare earth supply chain.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.4% lower and South Korea’s Kospi Composite opened down 2.4%, with Samsung Electronics falling 3% at the open. The declines mark a weaker start for Asian equities.

TREE NEWS reports: Nikkei 225 futures dropped 1.5% in pre-market trading, pointing to a weaker open for Japanese equities. The move reflects selling pressure ahead of the cash market session. No further details were immediately available.

TREE NEWS update: Nvidia CEO Jensen Huang said he sees little chance of a memory supply glut through 2029, despite last week’s selloff in memory stocks on oversupply and weakening-demand concerns. Speaking at Nvidia’s GTC conference in Berlin, Huang said HBM will remain widely used for years and that Nvidia will keep using large volumes of LPDDR memory, which it brought into global data centers to deliver compute at twice the energy efficiency of current products.

TREE NEWS update: OpenAI is set to complete a $30 billion funding round at a targeted valuation of $1.25 trillion, with the United Arab Emirates leading the investment, after the round’s valuation target was revised lower. The deal would rank among the largest private financings on record. The financing was disclosed alongside a broader market selloff in which the Nasdaq fell more than 2%.

TREE NEWS reports: Samsung Electronics and SK Hynix fell at least 2.9% in premarket trading on Korea’s Nextrade. The two chipmakers’ declines came in pre-market activity on the alternative trading platform.

TREE NEWS reports: More than 200 Chinese A-share listed companies had disclosed their 2026 third-quarter results as of October 22, with over 60% reporting year-on-year growth in net profit for the first three quarters. Fund managers said the market consensus is shifting toward earnings delivery, and that sectors with confirmed profit growth are drawing capital attention as overall risk appetite remains low.

TREE NEWS reports: A-share companies are continuing to announce dividend plans in the third-quarter reporting window, after interim payouts hit a record high in half-year reports. Companies including Shengnong Development, Zijin Longjing and Shanshui Technology have disclosed profit distribution plans for the first three quarters. Financial, energy, technology and pharmaceutical sectors remain the main contributors, while growth firms in AI and power-battery supply chains are increasingly participating.

TREE NEWS reports: Nvidia’s GTC Berlin conference and Tesla’s third-quarter earnings call converged in the same window, giving China’s A-share AI supply chain multiple catalysts, analysts said. Nvidia’s system-level push into AI factories and physical AI, combined with Tesla’s commercialization of Robotaxi and humanoid robots, strengthens the AI industry logic from both computing infrastructure and application deployment, potentially benefiting A-share liquid cooling, high-speed interconnect and robot actuator suppliers. Whether the rally shifts from event-driven to fundamentals-driven still depends on order visibility and deployment progress.

TREE NEWS reports: China’s A-share market has kept adjusting recently, but positive signals are emerging, with equity ETF inflows continuing and several listed companies announcing buybacks, share purchases by major holders, and forecasts of sharp third-quarter profit growth. Analysts said that after the sustained pullback, earlier supply pressure has been released and the valuation correction has raised the market’s allocation appeal, limiting room for further declines. With long-term funds stepping in, the market is expected to stabilize gradually.

TREE NEWS reports: The S&P 500 Semiconductor and Semiconductor Equipment Index closed down 5.45% at 10,626.52, extending losses after a gap-down open and nearing its 200-day moving average of 10,487.42. The index broke below its 50-day and 100-day moving averages on Oct. 14. Among the 20 constituents, Lam Research fell 11.76%, Teradyne dropped 10.63%, KLA lost 9.55%, and Qorvo fell 9.48%, while Skyworks rose 0.21%.

TREE NEWS update: Japan releases September CPI at 07:30 Beijing time, followed by flash October PMIs for Japan, India, France, Germany, the eurozone and the UK through the morning. Russia’s central bank announces its rate decision at 18:30, while American Express reports earnings before the US open. The US flash October PMIs are due at 21:45 and the final University of Michigan consumer sentiment index at 22:00.

TREE NEWS reports: Since September, 131 A-share companies have newly disclosed share buyback and insider increase plans totaling 29.899 billion yuan, up 292.04% year on year. Of these, 90 companies plan buybacks with a combined upper limit of 26.642 billion yuan, up 275.75%, while 41 companies disclosed plans by major shareholders and executives to increase holdings by 3.257 billion yuan, more than five times the year-earlier level.

TREE NEWS reports: More than 40 A-share pharmaceutical and biotech companies had disclosed third-quarter results by Oct. 22, with over 50% posting earnings growth, alongside additional companies issuing preliminary nine-month forecasts. The growth was supported by continued sales volume expansion of multiple products in end markets and by revenue recognition of upfront and milestone payments from outbound licensing deals.

TREE NEWS reports: Chinese lithium miners’ first-three-quarter earnings reports and forecasts show year-on-year profit growth of several-fold to dozens-fold, but third-quarter net profit fell sequentially across the board, signaling a slowdown in earnings growth. Lithium carbonate prices have declined steadily since September as the market shifts from spot fundamentals toward pricing in future oversupply, with the gap between expectations and steady physical shipments emerging as the core point of divergence.

TREE NEWS reports: The S&P 500’s 11 sectors closed mixed on Thursday, Oct. 22, with telecom falling 3.01% as seven of its 21 constituents declined—EchoStar down 7.39%, Meta down 6.98% and Alphabet Class A down 3.15%, the third-largest drop. Information technology fell 3%, consumer discretionary lost 1.71% and energy slipped 0.74%, while utilities rose 1.98% and consumer staples gained 3.11%.

TREE NEWS reports: The Magnificent 7 index closed down 2.73% at 228.92 on Thursday, October 22, after gapping lower and steadily extending losses through the session. Meta Platforms was the worst performer, falling 6.98%, while Amazon and Nvidia dropped as much as 4.57% and Alphabet and Tesla fell as much as 3.15%. Microsoft lost 2.23%, and Apple was the sole gainer, up 1.23%.

TREE NEWS update: SK Hynix has decided not to pursue a US initial public offering for its subsidiary Solidigm. The South Korean memory chipmaker’s decision rules out a listing that would have taken the NAND flash unit public in the United States. No further details or reasons for the decision were provided.