Flash News

TREE NEWS reports: Hong Kong Exchange-traded funds and leveraged and inverse products reached HK$616.5 billion in assets under management as of the end of October 2026, with average daily turnover rising 23% year on year to a record HK$465 billion. The figures were presented at the HKEX ETF Summit 2026, which gathered hundreds of industry participants to discuss the market’s latest trends.

TREE NEWS update: India’s Enforcement Directorate conducted searches at crypto exchanges CoinDCX and Delta in a probe under foreign-exchange law, the firms said in Nov. 6 statements. Both exchanges said trading, deposits and withdrawals remained operational. Delta denied any cross-border digital-asset transfers.

TREE NEWS reports: China’s secondhand goods trading platform Zhuanzhuan has confidentially filed for an initial public offering in Hong Kong, with the listing potentially raising up to $500 million. The company could debut as early as next year. Zhuanzhuan is a Chinese consumer resale marketplace.

TREE NEWS update: TenPay Global, Tencent’s cross-border payment platform, said it has partnered with DBS Bank to let Singapore users pay at tens of millions of WeChat Pay merchants in mainland China using the DBS PayLah! e-wallet, effective Nov. 12. Users can scan a merchant’s QR code or present a payment code to complete transactions. The tie-up was announced ahead of the 33rd APEC Economic Leaders’ Meeting.

TREE NEWS update: The Shanghai Stock Exchange issued a regulatory letter to Wuxi Commercial Mansion Dashang Group Co. over recent volatility in its share price, the exchange said. The letter, addressed to the listed company, concerns matters related to the stock’s price movements. No further details on the contents or any potential action were disclosed.

TREE NEWS reports: Global equity ETFs took in about $20 billion a day on average last week, accelerating to $30 billion on Monday, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a report. Leveraged equity ETFs, largely driven by retail investors, drew nearly $5 billion on Nov. 5 and 6, while inverse ETFs saw roughly matching outflows. The bank said the strong ETF inflows show retail investors remain bullish on stocks, support it called crucial to stabilizing the recently battered AI trade.

TREE NEWS update: Kazakhstan’s security services detained Nurlan Zhakupov, chief executive of the sovereign wealth fund Samruk-Kazyna, on suspicion of corruption on Wednesday, along with Elzhas Otynshiyev, CEO of Kazakhstan Railways, and others. Kazakhstan Railways is currently preparing an initial public offering.

TREE NEWS update: Dubai billionaire Hussain Sajwani said Thursday that his investments in OpenAI, SpaceX and Anthropic have collectively earned him billions of dollars. “Just these three companies — OpenAI, SpaceX and Anthropic — we made billions of dollars,” Sajwani said, adding that his Dubai property firm Damac Group has diversified into technology and data center investments in recent years.

TREE NEWS update: The UN Security Council plans to convene an emergency meeting next week on Israel’s E1 settlement construction project, with Denmark leading the push and several European countries participating. The move aims to act before the November 19 deadline for related tenders from the Israel Land Authority. Israel is working with the United States and Greece to try to block the meeting.

TREE NEWS update: Beijing’s securities regulator fined Liu Bing, an employee of GRINM Semiconductor Materials, 600,000 yuan and confiscated 70,953.42 yuan in illegal gains for insider trading in the company’s shares. Liu sold 158,118 shares worth 1,769,186.41 yuan on May 19, 2025, avoiding a loss of 70,953.42 yuan after meeting a person with inside information on May 16, the Beijing Securities Regulatory Bureau said.

TREE NEWS update: Semiconductor Manufacturing International Corp (SMIC) said it expects fourth-quarter revenue to rise 4%-6% quarter on quarter, with a gross margin guidance of 26%-28%. The Chinese chipmaker disclosed the outlook without providing further details in the statement.

TREE NEWS update: SMIC reported net profit attributable to shareholders of RMB 7.314 billion for the first three quarters of 2026, up 91.6% year on year, on revenue of RMB 60.618 billion, which rose 22.4%. Recurring net profit reached RMB 5.633 billion, up 77.3%. For the third quarter alone, revenue was RMB 21.983 billion, up 28.1% year on year, with net profit of RMB 2.847 billion, up 87.6%.

TREE NEWS update: The Philippines’ National Privacy Commission said it received reports of cyberattacks and data breaches at several government agencies, exposing large volumes of corporate and personal data. The affected bodies include the Department of Information and Communications Technology, the Securities and Exchange Commission, the Bureau of Internal Revenue, the Department of Justice, the Department of Labor and Employment and the Philippine Coast Guard. The commission warned the public to guard against phishing, scams and identity theft exploiting fears over the leaks.

TREE NEWS reports: Nvidia’s board of 10 directors is weighing CEO Jensen Huang’s future amid a personal scandal, with the company reportedly working with outside firms to evaluate potential successors and considering an interim CEO. The board includes early investors Tench Coxe and Mark A. Stevens, longtime legal adviser Stephen C. Neal, and recent additions Melissa B. Lora and Suzanne Nora Johnson. Any decision could have far-reaching effects on the chipmaker.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said on 12 December that Starlink terminals in Ukraine had suffered severe operational anomalies over recent days, with the system capped at 161 km/h (100 mph) across the entire front line. Ukraine determined the limits were systematic rather than an isolated glitch, complicating interception of Russian jet-powered drones, and is in talks with the US. On 24 October Zelensky said Starlink and Starshield had returned to pre-restriction performance.

TREE NEWS update: Gemini has sold its UK and European operations to stablecoin payments firm KAST for less than $10 million, with the deal completed by Gemini Space Station (GEMI), the holding company founded by the Winklevoss brothers. The sale follows Gemini’s February decision to wind down UK, EU and Australia operations and cut about 25% of its global workforce to reduce costs and reach profitability, while retaining the US and Singapore markets. Gemini declined to comment; KAST said it is actively pursuing M&A opportunities.

TREE NEWS reports: Polymarket contracts pricing whether Jensen Huang will resign or be removed as Nvidia CEO before March 31, 2027 jumped to 80% probability, a 53% gain in 24 hours. The contract resolves “Yes” if Huang publicly announces his resignation or removal from the CEO role before 11:59 p.m. ET on that date, with retirement or a move to another Nvidia position counting as resignation.

TREE NEWS reports: Advanced Micro Devices shares gained more than 3% in US premarket trading, while Broadcom rose more than 2%, pointing to a firmer open for the two chipmakers. No further details on the moves were provided.

TREE NEWS update: Hong Kong Exchanges and Clearing listed a renminbi-denominated derivative warrant linked to the RMB money market fund (82800.HK) on Wednesday, marking the return of RMB derivative warrants to the Hong Kong market after about a decade. The warrant is currently the only RMB-denominated derivative warrant trading in the city, HKEX said, offering investors an additional RMB product option.