Flash News

TREE NEWS update: The Shanghai Stock Exchange on Oct. 22 terminated its review of Wuhan Zhongke Chuangxin Technology Co.’s initial public offering and STAR Market listing after the company and its sponsor Soochow Securities withdrew the application. The decision ends the IPO process for the Wuhan-based firm.

TREE NEWS reports: BlackRock is looking to reposition its AI trade as equity valuations become broadly more attractive, global chief investment strategist Wei Li said. Near-term risks remain, including rising bond yields and markets beginning to demand concrete signs of AI commercialization, but the long-term potential of AI is unchanged. Li said framing such a transformative technology as a “bubble” is “not particularly helpful,” since it will produce both winners and losers.

TREE NEWS update: Lianxun Instruments said on Oct. 22 that its production and operations remain normal and orderly, with order deliveries proceeding as planned, after the optical communications sector pulled back and its shares fell sharply. The company said its core test instruments for 800G and 1.6T high-speed optical module testing — including sampling oscilloscopes, bit error rate analyzers and clock recovery units — are its main delivery products this year and face strong market demand.

TREE NEWS update: Taiwan suspended stock trading on October 23 as a typhoon affected the island. The halt covers the Taiwan Stock Exchange for the full trading session. No further details on the typhoon’s path or expected duration of the disruption were provided.

TREE NEWS update: JCET Group’s board approved raising its 2026 investment plan to 18.2 billion yuan ($2.5 billion) from 11.01 billion yuan. Fixed-asset investment will rise to 17.31 billion yuan from 9.98 billion yuan as the chip packaging firm seeks to capture industry opportunities and accelerate advanced capacity buildout. The proposal still requires shareholder approval.

TREE NEWS reports: Hedge funds sharply increased short positions in stocks this month, pushing bearish bets to their highest level in nearly five years and raising the risk of a violent short squeeze if markets rebound. Goldman Sachs’ prime brokerage said short sales outnumbered long buys by about 5 to 1, with short leverage in client books at the 99th percentile of the past five years. Net leverage at fundamental long-short equity funds has fallen close to a three-year low even as gross leverage rose.

TREE NEWS reports: Blackstone reported a 9.2% decline in third-quarter distributable earnings to $1.72 billion, or $1.32 per share, topping the $1.26 consensus estimate. President Jon Gray said surging energy prices stoked inflation and higher rates slowed deal activity and weighed on the IPO market. Infrastructure was again the firm’s best-performing strategy, returning 6.4%, helped by data center leasing, logistics and hospitality investments.

TREE NEWS update: The Shanghai Stock Exchange has removed tea chain Cha Baidao from the Shanghai-Hong Kong Stock Connect southbound trading list, effective from the next southbound trading day. The change means mainland investors will no longer be able to trade the stock through the Stock Connect scheme.

TREE NEWS reports: Meta Platforms’ future spending commitments have surged to $825 billion. The total reflects contractual and planned outlays the company has committed to going forward. No breakdown of the commitments or timing was provided in the report.

TREE NEWS update: Zhongji Innolight said on an investor interaction platform that its operations are running normally, its supply chain is stable and its capacity utilization is sufficient, allowing it to secure orders and deliver on time and in full. The optical-module maker gave no specific figures for capacity utilization or order volumes in the statement.

TREE NEWS update: Shenzhen-listed AI stocks did not experience the chain forced liquidations rumored on social media, with only a small closure of under 100,000 yuan (about $14,000) in an individual stock. The rumor of large-scale forced liquidations causing a chain reaction was called untrue.

TREE NEWS reports: Meta Platforms shares extended their premarket decline to 3% in US trading. The move marks a sharp drop for the social media giant ahead of the opening bell. No further details on the cause of the selloff were provided in the material.

TREE NEWS update: Procter & Gamble reported first-quarter core earnings per share of $2.00, up from $1.99 a year earlier and above the $1.89 estimate. Net sales rose 4% year on year to $23.28 billion, topping the $22.82 billion consensus. The company kept its full-year organic revenue growth forecast at 1% to 3%, versus a 2.19% market estimate, and its core EPS growth outlook at 0% to 3%.

TREE NEWS reports: Blackstone reported third-quarter distributable earnings per share of $1.32, down from $1.52 a year earlier but above the $1.26 estimate. Assets under management reached $1.37 trillion, up 10% year over year, versus an estimated $1.38 trillion.

TREE NEWS reports: Prada reported net sales of €4.54 billion for the first nine months of the year, a 12% increase year on year. Royalties for the period came in at €178 million, up 76% from a year earlier. The figures cover the January-September period.

TREE NEWS update: E Fund, ChinaAMC, Fullgoal and China Universal each announced plans to subscribe 200 million yuan of their own capital to their actively managed ETFs, bringing self-purchases in the first batch of such products to 1.3 billion yuan. The four filings follow Morgan Asset Management’s 500 million yuan commitment two days earlier. The funds disclosed the subscriptions in separate announcements.

TREE NEWS reports: Bitcoin reversed a run toward $85,000 and fell below $82,000 after Tesla reported lower-than-expected capital expenditure in Q3. The pullback came as South Korea’s KOSPI also declined. No further details on the size of the moves were provided.

TREE NEWS update: Zijin Mining’s wholly owned subsidiary Zijin Gold (Group) received a securities transfer registration confirmation on Oct. 22, 2026, completing the transfer of 241,925,746 Chifeng Jilong Gold Mining A-shares held by former controlling shareholder Li Jinyang and her concert party Zhejiang Hanfeng Venture Capital Partnership. The transfer gives Zijin Mining control of Chifeng Gold, the company said in a filing.

TREE NEWS update: Zhongfu Circuit reported third-quarter net profit of 79.5374 million yuan, up 618.56% year-on-year, on revenue of 838 million yuan, a 65.64% increase. Non-recurring net profit for the quarter reached 81.9867 million yuan, up 583.27%. For the first three quarters of 2026, revenue rose 48.34% to 2.01 billion yuan and net profit climbed 324.20% to 118 million yuan.

TREE NEWS reports: Nasdaq-listed HYPE treasury company Hyperliquid Strategies (PURR) bought about 130,000 HYPE last week, worth roughly $10.23 million. Its total HYPE holdings now stand at 38.83 million tokens, valued at about $3.055 billion at current prices.