Flash News

TREE NEWS reports: Hong Kong’s Hang Seng Index closed down 3.03% and the Hang Seng Tech Index fell 5.03%. Among individual decliners, CATL dropped about 7%, while Bloks slid about 21%, R&F Properties about 12%, Lenovo Group about 11%, Asymchem about 11%, Shimao Group 10% and WuXi Biologics about 8%.

TREE NEWS reports: Hermès shares fell as much as 9% in early Paris trading and are down about 40% year-to-date, putting the stock on course for its worst annual performance since the company listed in 1993. The luxury goods maker’s decline marks a sharp reversal for a stock that had long been a sector standout.

TREE NEWS update: Nasdaq-listed Alpha Modus exchanged 51.6 million shares and matching warrants for 3,170 bitcoin, giving it a Bitcoin holding worth more than $250 million. The share swap expands the company’s asset base while diluting existing shareholders. The transaction was disclosed in a company report.

TREE NEWS reports: Tesla fell about 5% in pre-market trading after third-quarter revenue missed expectations and the company lowered its capital expenditure target. Semiconductor shares broadly declined, with IBM and Intel each down about 5%, Micron down about 3% and Nvidia down about 2%, while optical-communications stock Marvell fell about 5%. Meta edged higher after third-quarter revenue and fourth-quarter guidance both beat expectations, as it raised the lower bound of its AI capex target and plans to issue new non-voting shares.

TREE NEWS update: Jiejie Microelectronics reported net profit attributable to shareholders of 592 million yuan for the first three quarters of 2026, up 70.76% year on year, on revenue of 3.479 billion yuan, which rose 39.09%. Third-quarter net profit alone reached 295 million yuan, up 194.44%. The company said product price increases lifted unit prices and inventory net realizable value, cutting asset impairment losses by 55.55%.

TREE NEWS update: Goodix reported third-quarter 2026 revenue of RMB 1.049 billion, down 17.37% year on year, with net profit attributable to shareholders falling 57.18% to RMB 105 million. Non-GAAP net profit dropped 59.58% to RMB 94.11 million. For the first nine months, revenue fell 11.62% to RMB 3.112 billion and net profit declined 47.26% to RMB 357 million. The company attributed the decline to weaker end-market demand, product pricing pressure and shifts in shipment mix.

TREE NEWS reports: High US 10-year Treasury yields are the primary drag on China’s A-share market, Wu Qidi, director of the Yuanda Information Securities Research Institute, said, adding that the high yields pressure global equities, especially richly valued tech growth stocks. Wu said no fundamental problems have emerged, noting that third-quarter reports show many industry leaders still growing profits and the earnings recovery trend unbroken.

TREE NEWS reports: US spot Bitcoin ETFs pulled in $528 million on the latest trading day, bringing their three-session total to $1.08 billion and pushing October flows back above water. The inflows mark a sharp rebound for the funds after a weaker start to the month.

TREE NEWS reports: The ChiNext Index fell 4.37% to close below the 2,600-point mark, down more than 40% from its June record high, as Chinese equities broadly retreated. The Shanghai Composite dropped 1.48% and the Shenzhen Component lost 2.96%, with nearly 5,000 stocks declining across the three mainland exchanges on turnover of 1.54 trillion yuan. Bank shares bucked the trend, with Industrial and Commercial Bank of China and China Construction Bank setting new highs, while robotics concept stocks stayed active.

TREE NEWS reports: European equities opened lower on the session, with the Euro Stoxx 50 down 1.2%. Germany’s DAX fell 0.7%, France’s CAC 40 dropped 0.9%, and the UK’s FTSE 100 slipped 0.3% at the open.

TREE NEWS reports: Trading volume in major Chinese equity ETFs surged late in the session, with the Huatai-PineBridge CSI 300 ETF (510300) recording 12 billion yuan, the Harvest CSI 300 ETF (159919) 8.2 billion yuan and the ChinaAMC SSE 50 ETF (510050) 6.1 billion yuan. Several other SSE 50, SSE Composite and CSI 300 ETFs also saw volumes rise.

TREE NEWS update: Tesla and Nvidia will invest $2.8 billion in a Samsung Electro-Mechanics factory. The investment was reported without further details on the plant’s location, production output or timeline. Samsung Electro-Mechanics is a component-making unit of the Samsung group.

TREE NEWS reports: China A-share cross-border payment stocks fell sharply in late trading, with Beijing Zero Point Data Technology dropping over 10% and Rendong Holdings down more than 8%. Chutian Dragon, EasyClick Worldwide Network Technology and Jilin University Zhengyuan Information Technologies also declined. The material did not specify the cause of the selloff or the trading date.

TREE NEWS reports: Japan’s Nikkei 225 closed down 2.7% at 62,907.84, while the broader Topix fell 1.1% to 3,997.50. South Korea’s Kospi dropped 3.5% to 5,533.77, extending a sharp selloff across major Asian equity markets.

TREE NEWS reports: SoftBank Group’s market capitalization has fallen by half from its June peak, the company’s stock slide wiping out roughly 50% of its value since that high. The drop marks a sharp reversal for the Japanese technology investor, whose shares had rallied earlier in the year. No further details on the cause or exact figures were provided.

TREE NEWS update: Eoptolink Technology said on July 22 that its production and operations remain normal and orderly, with order deliveries proceeding as planned, after its shares fell sharply amid a broader pullback in the optical communications sector. The company said 800G and 1.6T products are its main delivery items this year, with order fulfillment and capacity expansion advancing in line with business demand.

TREE NEWS reports: Indonesia’s benchmark Jakarta Composite Index rebounded from an earlier slide, rising as much as 1.8% after falling 2.7%, as the country’s sovereign wealth fund said it has been buying local stocks. The recovery extends two prior sessions of gains and contrasts with declines across most Asian markets.

TREE NEWS reports: Zhongji Innolight’s A-share turnover exceeded 20 billion yuan ($2.8 billion) on Thursday as the stock fell more than 6%, making it one of the most heavily traded names on the mainland market. The sharp decline came amid elevated trading volume in the optical-module maker’s shares.

TREE NEWS reports: Barclays reported third-quarter FICC revenue of £1.01 billion, missing the £1.28 billion estimate, while equities revenue came in at £1.01 billion against an £842.2 million forecast. Investment banking fees were £656 million versus £661.1 million expected, and pre-tax profit was £2.32 billion, below the £2.44 billion estimate. Net interest income matched estimates at £3.91 billion.

TREE NEWS reports: China A-share memory chip concept stocks rebounded in afternoon trading, with Yunhan Xincheng and Tianshui Huatian surging to their daily limit-up. DapuStor, Demingli, Youyan New Materials, Ruineng Technology and Infotmic also climbed. The move marks a recovery for the sector after earlier weakness.