Flash News

TREE NEWS reports: SK Hynix reported third-quarter operating profit of 83.33 trillion won, beating market expectations of 77.5 trillion won. Sales came in at 104.62 trillion won versus a 98.96 trillion won estimate, while net profit of 39.53 trillion won fell short of the 59.66 trillion won consensus. The company declared a dividend of 20,000 won per share, including a 10,000 won special dividend from its Kioxia investment.

TREE NEWS reports: Technology stocks rebounded on AI enthusiasm ahead of the Federal Reserve’s rate decision, lifting the Nasdaq more than 1% and sending CoreWeave up 8%. Oil prices extended losses while gold gained 1%. The Fed is scheduled to announce its rate decision early Thursday Beijing time.

TREE NEWS update: Exit polls from Israel’s election indicate Prime Minister Benjamin Netanyahu’s faction and the opposition camp are neck and neck, with no clear winner emerging from the vote. The results point to a tightly contested race, leaving the formation of the next government dependent on coalition negotiations. No official vote count has yet been released.

TREE NEWS update: Saudi Arabia has issued a warning about a potential danger at Yanbu, the kingdom’s Red Sea port and industrial hub. The notice did not specify the nature of the threat or any casualties. No further details were immediately available.

TREE NEWS reports: Hong Kong’s IPO market has hosted 117 new listings so far this year as of Oct. 27, up 53.95% year on year, raising HK$391.516 billion — a 98.93% increase. Suzhou Dongshan Precision Manufacturing listed on Oct. 28, with hardware, semiconductor and software services firms dominating the pipeline. Deloitte China raised its full-year Hong Kong IPO fundraising forecast to at least HK$480 billion.

TREE NEWS reports: Twelve Chinese provinces reported GDP above 4 trillion yuan for the first three quarters, with Guangdong and Jiangsu each exceeding 10 trillion yuan at 11.11 trillion yuan and 10.86 trillion yuan respectively, ranking first and second. Shandong followed in third place with 8.23 trillion yuan. Seventeen provinces posted year-on-year growth of 4.5% or higher, and 11 provinces including Tibet, Shandong and Zhejiang grew more than 5%.

TREE NEWS reports: Chinese banks rolled out a wave of interest-free installment promotions for the Double Eleven shopping festival, covering electronics, home appliances, cars and travel, as lenders shift marketing resources toward interest-bearing installment business amid a stock-adjustment phase in the credit card industry. Consumers were urged to assess repayment capacity and avoid over-borrowing.

TREE NEWS update: Bank of Shanghai has published its implementation announcement for the 2026 half-year dividend, paying over 4 billion yuan in cash. Suzhou Rural Commercial Bank, ICBC and Agricultural Bank of China are also due to pay interim dividends in October, while the six largest state-owned banks have lifted their 2026 interim payout ratio to 31% from 30%. The banks are leaning on interim dividends to anchor investor expectations and attract long-term capital amid low interest rates.

TREE NEWS reports: Several Chinese fund institutions said A-share core assets are entering a value re-rating window, arguing that earnings for quality leaders remain at a cyclical high while valuations have been compressed. Large-cap blue chips, supported by stable dividend cash flow and solid net assets, look more attractive in a low-rate environment, they said. Ruiyuan Fund managing director Zhao Feng compared undervalued assets to a large snowball buried in snow.

TREE NEWS update: The Reserve Bank of New Zealand releases its official cash rate and monetary policy assessment at 09:00 Beijing time, with Governor Anna Breman holding a press conference at 10:00. The Bank of Canada announces its rate decision at 21:45, followed by a press conference by Governor Macklem. The Federal Reserve issues its FOMC statement at 02:00 Thursday, with Chair Warsh speaking at 02:30, and Alphabet, Microsoft and ServiceNow report earnings after the US close.

TREE NEWS reports: Bond fund assets in China topped 12.6 trillion yuan at the end of the third quarter, a record high. 27. Bond funds grew by more than 500 billion yuan from the end of Q2 and drew over 280 billion net subscriptions, the most among seven fund categories. Active equity fund assets fell by more than 900 billion yuan, leaving only five products above 20 billion yuan.

TREE NEWS reports: The Israeli shekel rose 0.82% against the dollar on Tuesday to 3.0557, having touched 2.9910 at 22:31 Beijing time, and is up 1.78% over the past three trading sessions. The move came as the latest exit polls for Israel’s parliamentary election showed Prime Minister Netanyahu’s bloc falling short of a parliamentary majority.

TREE NEWS reports: Changxin Technology, which listed in late July 2026, ranked as the fourth-largest holding among Chinese public mutual funds in the third quarter. Optical module leader Zhongji Innolight retained the top spot, followed by Eoptolink and WuXi AppTec in second and third. Average equity positioning across comparable funds fell to 78.32% at end-September from 81.61% at end-June, a 3.29 percentage point decline.

TREE NEWS update: The People’s Bank of China officially launched a non-bank large-amount redemption swap facility (BNSF) for the bond market on Oct. 26. Interbank and exchange bond market connectivity is now ready for implementation and will open after relevant parties complete testing. Experts said the two arrangements balance risk prevention with market connectivity, aiming to maintain stable bond market operations while improving liquidity and pricing efficiency.

TREE NEWS reports: More than 120 companies listed in Shanghai and Shenzhen disclosed new buyback or share-purchase plans in October, with several industry leaders announcing moves on the evening of Oct. 27, including Sugon, Gree Electric, Dingtai High-Tech and Jufei Optoelectronics. The pace of buyback execution has also accelerated, as firms use cash to signal confidence in the market.

TREE NEWS update: Poland’s Deputy Defense Minister Magdalena Sobkowiak-Czarnecka announced on the 27th that Poland will establish a maintenance center for Patriot air defense system missiles, servicing PAC-3 interceptors. She said it would be the only PAC-3 missile maintenance center outside the United States, with an estimated investment of 1 billion zloty (about $253 million).

TREE NEWS update: Brazilian federal deputy Maurício Marcon said on the 27th that Flávio Bolsonaro, the Liberal Party’s defeated presidential candidate, has flown to the United States “in exile.” In a video posted on social media, Marcon linked the departure to Supreme Federal Court Justice Alexandre de Moraes ordering Flávio Bolsonaro to surrender his passport to police.

TREE NEWS update: Villa Vie Residences has suspended operations of its 650-passenger Odyssey cruise ship, which is now docked at Sihanoukville port in Cambodia, citing “extraordinary” fuel costs. In a press release Tuesday, the company said it is working with residents on board to coordinate disembarkation and arrange temporary accommodation. Passengers on the round-the-world voyage were told Cambodia was their unexpected final destination.

TREE NEWS reports: Banks plan to sell up to about $21 billion in high-grade bonds as early as early next year, part of a $63 billion financing package assembled by Broadcom to help fund AI developer Anthropic’s chips. Bank of America, Citigroup and Morgan Stanley arranged the $63 billion deal, with more banks expected to commit to the syndicate in coming days. Lenders will provide about $42 billion in loans, up to half of which is expected to be refinanced in the U.S. high-grade corporate bond market in the first quarter of 2027.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva said he had just heard that his opponent, Jair Bolsonaro, had left the country, and called the departure shameful. Lula said he regretted that Bolsonaro left Brazil, adding that Bolsonaro could have stayed to prove the accusations against him were false.