Flash News

TREE NEWS reports: Deutsche Bank’s Jim Reid, citing S&P 500 data since 1928, said the index typically bottoms around Oct. 27 and then rises into year-end, with 21 of the past 23 midterm years gaining in the three months after an early-October low. BTIG’s Jonathan Krinsky instead sees the market tracking the 2000 Philadelphia Semiconductor Index collapse, forecasting SOXX to rebound to 550-570 before reversing around the midterm election week.

TREE NEWS update: Eoptolink repurchased 975,700 of its own shares on Oct. 30, 2026, its first buyback, representing 0.07% of total share capital. The shares were bought at prices ranging from 196.97 yuan to 213.27 yuan, for a total consideration of 200 million yuan, excluding transaction fees.

TREE NEWS update: Yuanjie Technology reported net profit attributable to shareholders of RMB 1.024 billion for the first three quarters of 2026, up 866.88% year on year, on revenue of RMB 1.609 billion, a 319.83% increase. Third-quarter revenue reached RMB 684 million, up 283.55%, with net profit of RMB 417 million, up 598.96%. The company attributed the growth to a sharp rise in data center business revenue, higher gross margins and a lower expense ratio.

TREE NEWS reports: HSBC’s third-quarter pre-tax profit rose 32% year on year to $9.632 billion, but its Hong Kong-listed shares fell 5.56% to HK$134.30 after stripping a $1.421 billion legal provision cut underlying growth to about 10%. CATL posted 58.58% revenue growth to 165.221 billion yuan while net profit rose 14.54%, and its H-shares slid 11.41% on Oct. 21. Hengrui Medicine gained about 10.9% to HK$49.58 on Oct. 28 after third-quarter net profit jumped 88.92%.

TREE NEWS reports: Coinbase’s third-quarter net income rose 66%, with expanding prediction markets and derivatives businesses helping offset weaker spot trading activity, Bernstein analysts said. The exchange’s results show non-spot revenue lines gaining weight as spot volumes softened.

TREE NEWS update: Industrial and Commercial Bank of China reported net profit attributable to shareholders of 285.64 billion yuan for the first three quarters of 2026, up 5.83% year on year. Revenue for the period reached 667.137 billion yuan, a 9.19% increase. In the third quarter alone, revenue rose 9.45% to 220.974 billion yuan and net profit gained 9.97% to 111.958 billion yuan.

TREE NEWS reports: CNOOC reported third-quarter net profit of 33.3 billion yuan, up 2.7% year-on-year, with net profit for the first nine months of the year reaching 119.118 billion yuan, up 16.8% year-on-year. The state oil major’s quarterly and nine-month figures were disclosed in a single earnings update.

TREE NEWS reports: Amazon shares fell about 7% after hours and Intel dropped more than 22% as both reported quarterly results on the same evening. Amazon’s AWS revenue rose 39% to $46 billion, but free cash flow over the past 12 months turned negative at $42.4 billion. Intel guided fourth-quarter revenue to $15-16 billion, below the roughly $17 billion consensus, and projected gross margin falling back to 38%.

TREE NEWS update: SF Holding said its board received a written resignation letter from Gan Ling on October 29, 2026, in which she resigned as board secretary, deputy general manager, joint company secretary and authorized representative for personal reasons. The resignation took effect on the date it was delivered to the board under the Company Law and the company’s articles of association. Gan will hold no position at the company after her departure.

TREE NEWS update: Jinzhongzi Liquor reported a net loss attributable to shareholders of 98.55 million yuan for the first three quarters of 2026, narrowing from a 100 million yuan loss a year earlier, the company said in a filing. Revenue fell 50.19% year on year to 313 million yuan, which the company attributed to lower sales volume and a change in consolidation scope following the transfer of Jintaiyang Pharmaceutical equity. Excluding Jintaiyang Pharmaceutical, revenue was down 40.38%.

TREE NEWS reports: New China Life Insurance reported a net loss of 511 million yuan for the third quarter, with net profit for the first nine months of the year at 22.282 billion yuan, down 32.2% year-on-year. The insurer disclosed the figures in its quarterly results.

TREE NEWS update: Lao Feng Xiang plans to repurchase 4 million to 8 million B-shares through centralized bidding at no more than $3.707 per share, representing 0.76%-1.53% of total share capital. The jewelry company expects the buyback to total 100 million to 200 million yuan, with the shares to be cancelled to reduce registered capital. The plan still requires shareholder meeting approval.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed up 1.46% and the Hang Seng Tech Index gained 0.29%. Consumer stocks led gains, with Mao Geping up over 13%, Mengniu Dairy up over 9% and Pop Mart up over 4%. Technology shares were broadly lower, as Shenghong Technology fell over 9%, GigaDevice dropped over 8% and Hua Hong Semiconductor declined over 6%.

TREE NEWS reports: European equities opened mostly lower on Wednesday, with the Euro Stoxx 50 down 0.61% and Germany’s DAX off 0.26%. France’s CAC 40 slipped 0.01%, while the UK’s FTSE 100 bucked the trend, gaining 0.53%.

TREE NEWS reports: Intel shares dropped more than 23% in premarket trading after the company’s fourth-quarter guidance fell far short of expectations. The chipmaker also faced reports of an explosion at its Israel factory, while weak PC demand and constrained AI chip supply weighed on the outlook.

TREE NEWS update: Dizal Pharma reported a net profit attributable to shareholders of 3.639 billion yuan for the first three quarters of 2026, reversing a 580 million yuan loss in the same period a year earlier. Revenue for the nine months reached 4.77 billion yuan, up 713.50% year on year, while non-recurring net profit was 3.612 billion yuan. Third-quarter revenue alone was 4.247 billion yuan, up 1,736.09%, with net profit of 3.849 billion yuan.

TREE NEWS reports: Industrial Securities reported third-quarter 2026 net profit attributable to shareholders of 667 million yuan, down 43.97% year on year, with operating revenue at 2.583 billion yuan, down 33.31%. Non-recurring net profit fell 43.85% to 668 million yuan. For the first nine months, revenue rose 0.39% to 9.313 billion yuan and net profit climbed 10.93% to 2.797 billion yuan.

TREE NEWS update: Foxconn expects to maintain double-digit growth next year, the company’s chairman said. The forecast points to continued expansion at the Taiwanese electronics manufacturer, a key assembler of Apple’s iPhones and a major supplier of AI server hardware. No specific revenue or earnings figures were disclosed.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock exchanges reached 1.674468 trillion yuan on October 30. Shanghai contributed 764.227 billion yuan and Shenzhen 910.241 billion yuan, while the ChiNext board accounted for 454.175 billion yuan of the total.

TREE NEWS reports: Alphabet fell 12.64% to $283.82 on Thursday, erasing $482 billion in market value after third-quarter revenue missed estimates, while Amazon and Intel also disappointed after the bell and Nasdaq futures dropped 1.88%. Binance said $6.3 billion in assets were affected in the largest crypto attack on the exchange, with withdrawals briefly suspended and BTC falling below $77,000 before trading at $78,329. Strategy reported $20.9 billion in third-quarter operating profit, all from bitcoin fair-value gains, as its BTC Yield fell 3.7% year-to-date and CFO Andrew Kang departed.