Flash News

TREE NEWS update: Xingyun Technology reported net profit attributable to shareholders of 269 million yuan for the first three quarters of 2026, reversing a 72.323 million yuan loss a year earlier, the company said in a filing. Revenue for the period reached 1.175 billion yuan, up 1,896.66% year on year, while non-recurring net profit rose 445.95% to 271 million yuan. After completing bankruptcy restructuring, the company set up a dual-business model of cross-border digital trade and AI computing infrastructure, with server trading deliveries scaled up from August 2026.

TREE NEWS reports: Lockheed Martin reported third-quarter net sales of $20.7 billion, topping the $20.47 billion estimate. Earnings per share came in at $7.97 versus $7.51 expected. The defense contractor guided full-year EPS to roughly $30.35 to $30.75, compared with a market estimate of $30.33.

TREE NEWS update: CATL said on Oct. 22 that it repurchased 2.271 million A-shares for nearly 500 million yuan, at 218.79–221.5 yuan per share. The shares are intended for cancellation. The buyback was disclosed in a filing with the Hong Kong Stock Exchange.

TREE NEWS update: Midea Group had repurchased 138 million A-shares, or 1.81% of total share capital, via centralized bidding as of October 22, 2026, the company said. The buyback ranged from 73.66 yuan to 87.71 yuan per share, with cumulative payments of 11.226 billion yuan excluding transaction fees.

TREE NEWS reports: A Tesla committee will explore various arrangements including a potential merger with SpaceX. The committee’s review covers options that include combining the two companies. No further details on timing or structure were provided.

TREE NEWS reports: South Korea’s KOSPI index fell 14.5% on October 22, its biggest drop since October 2008, with Samsung Electronics and SK Hynix shares sliding 17% to 24%. QCP Capital flagged widening tech credit spreads, noting CoreWeave’s CDS spread widened to 1,128 basis points versus Oracle’s 300, while stalled Hormuz Strait talks and a 30.5% yearly drop in U.S. strategic petroleum reserves to 283 million barrels added to energy supply concerns. Strategy also faces potential removal from the MSCI index in its November review, slowing its bitcoin purchases.

TREE NEWS update: Spotify reported third-quarter revenue of €4.97 billion, slightly below the €4.98 billion estimate, with earnings per share falling to €2.48 from €3.28 a year earlier. Operating profit rose 15% year on year to €672 million. The company guided fourth-quarter revenue to €5.2 billion, below the €5.24 billion market estimate, and its US-listed shares fell nearly 3% in premarket trading.

TREE NEWS update: Zhen’an Technology said it plans to acquire at least 51% of Shenzhen Sanwei Electromechanical Equipment from Tang Haoran and Yi Bo for cash under a letter of intent signed on October 22, 2026. The company expects the deal to constitute a major asset restructuring, with no share issuance, no related-party transaction and no change in controlling shareholder. Shenzhen Sanwei makes heat-dissipation products, tooling fixtures and precision parts and would become a consolidated subsidiary.

TREE NEWS update: G-bits reported 2026 nine-month revenue of 5.496 billion yuan, up 22.53% year on year, with net profit attributable to shareholders at 1.585 billion yuan, up 30.55%. Third-quarter revenue fell 10.07% to 1.77 billion yuan and net profit dropped 13.34% to 493 million yuan. The company proposed a cash dividend of 60 yuan per 10 shares, tax included.

TREE NEWS reports: Spot bitcoin ETFs pulled in $528 million on Wednesday, led by BlackRock and Fidelity, as institutional demand recovered. Ether funds also snapped a five-day outflow streak the same day. The combined flows point to a broader pickup in demand for U.S. spot crypto ETFs.

TREE NEWS reports: JPMorgan global markets strategist Nikolaos Panigirtzoglou and his team said the recent decline in semiconductors shows most long positions, including those of momentum investors, have been closed out. While near-term headwinds persist, that positioning adjustment may have limited further downside, the team said. JPMorgan also flagged financing risk at new cloud companies, arguing strong demand for computing resources could let them pass higher financing costs to end customers.

TREE NEWS reports: HSBC chief multi-asset strategist Max Kettner warned retail investors chasing AI and chip-stock gains that the market’s pace has accelerated sharply over the past two years, with moves that once took three to six months now sometimes completing within a week. Kettner said technical indicators, positioning and fund flows increasingly drive short-term prices, diverging from fundamentals, and that the real challenge for ordinary investors is handling the shifting trading rhythm around the AI theme, not whether they believe in its long-term prospects.

TREE NEWS update: QuantumCTek reported a net loss attributable to shareholders of 47.07 million yuan for the first three quarters of 2026, widening from a 26.47 million yuan loss a year earlier. Revenue fell 16.73% year on year to 158 million yuan, while non-recurring net loss reached 77.68 million yuan. Third-quarter revenue dropped 49.66% to 34.41 million yuan, mainly due to lower quantum computing revenue, with a quarterly net loss of 23.90 million yuan.

TREE NEWS update: Yuanying Technology said on Oct. 22 that its production, order deliveries and capacity expansion are proceeding normally, after shares of the optical communications company fell sharply as the sector broadly pulled back. The company told reporters its operations remain unaffected. No financial figures were disclosed.

TREE NEWS reports: Nasdaq 100 futures fell 1.8% and S&P 500 futures dropped 1% as AI investment sentiment cooled, with Meta raising capex plans despite beating revenue while Tesla cut spending. Lam Research shares fell more than 7% on weaker-than-expected guidance. Investors are questioning how long large data-center and compute investments will take to pay off, pushing the 10-year Treasury yield down 4 basis points to 5.08% and Brent crude above $112 a barrel.

TREE NEWS reports: Tesla reported FY2026 third-quarter revenue of $28.046 billion, down 0.2% year over year and below the $28.341 billion consensus, while adjusted EPS of $0.48 beat the $0.45 estimate. GAAP net income attributable to common shareholders fell 43% to $787 million, but GAAP gross margin rose to 19.6% and free cash flow swung to positive $1.531 billion from negative $1.092 billion in the prior quarter. Capital expenditure of $4.732 billion came in well below the roughly $7.771 billion expected, and management cut its 2026 capex plan to about $20 billion from over $25 billion.

TREE NEWS update: Meta reported FY2026 third-quarter revenue of $64.601 billion, up 26% year on year and above the roughly $63.34 billion consensus, with advertising revenue up 26% to $63.061 billion. Ad impressions rose 10% and average ad prices climbed 14%. GAAP operating income fell 37% to $12.988 billion on $9.89 billion in legal charges; excluding that, operating income would have been $22.878 billion. Meta shares rose about 2.9% after hours.

TREE NEWS update: GigaDevice bought back 73,000 A-shares on the Shanghai Stock Exchange on Oct. 22, 2026, representing 0.01% of total issued shares, at prices between 273.33 yuan and 284.46 yuan per share for a total of 20.29 million yuan. The shares are intended for cancellation. Total issued shares stood at 670,718,327 as of that date, with zero treasury shares.

TREE NEWS update: Chow Tai Fook Jewellery Group said its net profit for the six months ended September 30, 2026 — the first half of fiscal 2027 — is expected to increase by roughly 90% to 100% compared with the same period last year. The company disclosed the profit forecast in a filing.

TREE NEWS reports: JPMorgan strategists led by Nikolaos Panigirtzoglou said the recent selloff in AI-related stocks may lose momentum after investors sharply reduced their positions. Bets on semiconductor stocks have been largely unwound, including among hedge funds and trend-following investors, and the bank’s overall equity positioning gauge has fallen significantly from its mid-September peak, which may limit further downside.