Flash News

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.

TREE NEWS reports: Industrial and Commercial Bank of China (ICBC) shares rose more than 2% to a record high, lifting its combined A-share and H-share market capitalization to about 2.86 trillion yuan. China Construction Bank gained over 1.5%, while Agricultural Bank of China, Chongqing Rural Commercial Bank and Industrial Bank also advanced as parts of the A-share banking sector recovered.

TREE NEWS reports: The STAR 50 Index dropped 3% intraday, led lower by chip and optics names. Raytron Technology fell more than 10%, Yuanjie Semiconductor lost over 8%, and Skyverse Technology and Shengyi Electronics each declined more than 7%. The index tracks the largest companies listed on Shanghai’s STAR Market, a board weighted toward semiconductor and hardware names.

TREE NEWS reports: China A-share PCB concept stocks fell sharply in volatile trading, with Chongda Technology hitting the daily limit down in the afternoon session. Yinxi Technology, Chenghe Technology and Weiergao dropped more than 10%, while Hangdian Co., Jingwang Electronics and Dongshan Precision each fell over 7%. The selloff hit printed circuit board suppliers across the board.

TREE NEWS reports: South Korea’s KOSPI index extended its intraday decline to 4% on Thursday, trading at 5,503.73. Chipmaker SK Hynix dropped more than 6% and Samsung Electronics fell more than 4% as the benchmark’s losses deepened.

TREE NEWS reports: The CSI 300 Index fell 2% during intraday trading. The move marks a sharp decline for the benchmark gauge of large-cap stocks listed in Shanghai and Shenzhen.

TREE NEWS reports: US stock index futures continued to fall, with Nasdaq futures down 1.5%, S&P 500 futures down 0.80% and Dow futures down 0.40%. The move extended a broader decline in equity futures.

TREE NEWS reports: China A-share innovative drug and contract research organization (CRO) stocks extended their declines, with Asymchem (凯莱英) approaching the 10% daily limit-down and Nearshore Protein (近岸蛋白) falling more than 16%. Baihua Pharmaceutical, Wanbang Pharmaceutical, Jinshiya Pharmaceutical, Joinn Laboratories, CanSino Biologics and WuXi AppTec each dropped more than 5%.

TREE NEWS update: E Fund will subscribe to RMB 200 million of its E Fund Quality Balanced active ETF with proprietary capital on Oct. 23, the first day of the subscription period, the company said. The offering runs through Oct. 29 with a cap of RMB 2 billion. Morgan Fund earlier announced a similar move, with shareholder Morgan Asset Management (Asia Pacific) committing $75 million, about RMB 500 million, to its Morgan Large-Cap Growth active equity ETF.

TREE NEWS reports: Combined turnover across the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, 15.7 billion yuan lower than at the same time the previous day. The figure covers trading in both bourses.

TREE NEWS reports: The Hang Seng Tech Index fell more than 5% in afternoon trading, dropping below the 3,800-point level. The broader Hang Seng Index was down 3% at the same time.

TREE NEWS reports: The ChiNext Index fell below the 2,600-point level in afternoon trading, down more than 3.5% on the day. The index has now retreated more than 40% from its all-time high.

TREE NEWS update: Roche reported third-quarter sales of 16.13 billion Swiss francs, topping a market estimate of 15.79 billion francs. The figure puts the Swiss drugmaker’s quarterly revenue about 340 million francs above consensus.

TREE NEWS reports: Hong Kong-listed contract research and manufacturing (CXO) stocks fell in afternoon trading, with Joinn Laboratories dropping more than 10%. Asymchem declined nearly 9%, while WuXi Biologics, Tigermed, GenScript Biotech and WuXi AppTec each fell more than 5%. The material did not specify a cause for the selloff.

TREE NEWS update: Nestlé reaffirmed its full-year organic sales growth guidance of 3% to 4%, below the market estimate of 3.51%. The food and beverage giant is holding its outlook despite expectations for a slightly stronger performance.