Flash News

TREE NEWS reports: BP reported third-quarter adjusted net profit of $8.46 billion, up from $2.21 billion a year earlier and ahead of the $7.26 billion estimate. Adjusted EBIT for oil production and operations rose 54% year on year to $3.53 billion, while gas and low-carbon energy adjusted EBIT reached $3.18 billion versus $1.52 billion a year ago. Capital expenditure was $2.96 billion, below the $3.08 billion estimate, and adjusted earnings per share came in at $0.5437 versus $0.1424 a year earlier.

TREE NEWS reports: AstraZeneca reported third-quarter core earnings per share of $2.79, beating the $2.62 consensus estimate. The pharmaceutical group’s quarterly result came in above analyst expectations.

TREE NEWS reports: China’s ChiNext index fell 4.13% and the Shenzhen Component dropped 2.73% on the day, with the Shanghai Composite down 1.44%, as more than 4,600 stocks across the Shanghai, Shenzhen and Beijing markets closed lower on turnover of 1.69 trillion yuan. The tech-heavy ChiNext and STAR 50 indices have each lost over 20% this month amid a broad retreat in technology shares, while consumer and pharmaceutical stocks rallied.

TREE NEWS reports: The Shanghai Composite closed down 1.44% at 3,599.02, with the Shenzhen Component falling 2.73% to 10,833.78 and the ChiNext Index dropping 4.13% to 2,413.63. The CSI 300 declined 1.39% to 3,985.50, while the STAR 50 fell 5.48% to 1,160.84. The CSI 500 closed 2.91% lower at 6,266.19 and the CSI 1000 fell 3.41% to 6,161.23.

TREE NEWS reports: The ChiNext Index, which tracks growth-oriented stocks on the Shenzhen exchange, fell 4% on the day, extending its decline. No further details on the move or its drivers were immediately available.

TREE NEWS reports: Trading volume in multiple CSI 300 ETFs surged in late trading on the Chinese stock market. Huatai-PineBridge CSI 300 ETF (510310) recorded turnover exceeding 6 billion yuan, while Harvest CSI 300 ETF (159919) saw nearly 2 billion yuan and E Fund CSI 300 ETF (510310) over 1.2 billion yuan. The spike occurred during the final trading session of the day.

TREE NEWS reports: Several A500 ETFs traded heavier than their full-day volume from the previous session, with the E Fund ChiNext ETF (159915) and Huaxia STAR 50 ETF (588000) each again exceeding 10 billion yuan in turnover. Huatai-PineBridge A500 ETF (563360) turned over 6.8 billion yuan, up 6% versus the prior full day; Southern A500 ETF (159352) 6.4 billion yuan, up 7%; E Fund A500 ETF (159361) 3.9 billion yuan, up 30%; and Huaxia A500 ETF (512050) 1.8 billion yuan, up 61%.

TREE NEWS reports: The STAR 50 Index, which tracks the 50 largest companies on Shanghai’s STAR Market, dropped more than 5% in late trading on the session. The decline marks a sharp intraday selloff in the tech-focused benchmark. No further details on the cause or specific movers were immediately available.

TREE NEWS reports: Amazon reported third-quarter revenue of $201.94 billion, up 12% year over year but below market expectations, with earnings per share of $1.89 also missing estimates. The company’s trailing 12-month free cash flow fell to negative $42.36 billion from positive $14.79 billion a year earlier, as capital expenditure on AI infrastructure rose. AWS revenue grew 39.3% to $45.98 billion, and CEO Andy Jassy said the AWS backlog reached $578 billion. Amazon kept its 2026 capex plan at about $220 billion and guided fourth-quarter revenue below analyst expectations, sending shares down more than 7% after hours.

TREE NEWS reports: MediaTek reported third-quarter operating profit of NT$27.1 billion, topping the NT$25.33 billion consensus estimate. Gross profit for the quarter came in at NT$77.85 billion versus an estimated NT$74.45 billion, while net income reached NT$28.2 billion, beating the NT$25.48 billion forecast. Earnings per share for the quarter were NT$17.50.

TREE NEWS reports: Japan’s Nikkei 225 closed down 2.1% at 63,290.11, while the broader Topix fell 1% to 3,965.07. South Korea’s KOSPI dropped 3.53% to close at 5,728.04, marking a sharp selloff across major Asian equity benchmarks.

TREE NEWS reports: Credit Agricole reported third-quarter net profit of €1.99 billion, up 18% year on year but below the €2.04 billion estimate. Revenue came in at €7.09 billion, up 7.5% and above the €7 billion forecast, while loan loss provisions rose 20% to €585 million, exceeding the €524.2 million estimate.

TREE NEWS update: Michael Saylor said Strategy could create up to $30 billion in digital credit without new common-stock fundraising or further Bitcoin price gains, as the company plans additional BTC purchases. The remarks point to the firm’s capacity to keep expanding its Bitcoin holdings through credit instruments rather than equity issuance.

TREE NEWS reports: China’s A-share baijiu sector rallied again in afternoon trading, with Luzhou Laojiao sealing its daily limit-up. Huangtai Liquor, Gujing Gongjiu, Yingjia Gongjiu and Quanyangquan had already hit limit-up earlier, while Jinshiyuan and Shanxi Fenjiu rose more than 8%. Shede Spirits and other peers followed the sector higher.

TREE NEWS update: Samsung Electro-Mechanics has won a contract worth about KRW 879.3 billion to supply multilayer ceramic capacitors (MLCCs) to an unnamed large global company. The contract runs from December 2026 to December 2027.

TREE NEWS reports: STAR Market ETFs numbered 134 and held nearly RMB 340 billion in total assets as of Oct. 29, accounting for 21% of all equity ETF assets on the Shanghai Stock Exchange, up more than 10 percentage points from end-2025. Despite a market pullback, STAR Market ETFs drew nearly RMB 50 billion in net inflows over the past three weeks, with STAR 50-linked ETFs alone taking in over RMB 38 billion — a clear “buy the dip” left-side positioning pattern.

TREE NEWS reports: Hong Kong’s Hang Seng Index extended gains to nearly 2% on Monday, with Mengniu Dairy surging more than 8% to a near one-year high. Meituan, Pop Mart and Xiaomi Group each rose more than 4% as the benchmark’s advance broadened across consumer and technology names.

TREE NEWS reports: China’s A-share CRO (contract research organization) sector rallied in afternoon trading, with Wanbang Biopharma and Ruixin Biotech hitting the daily limit-up. Nearshore Protein and Haoyuan Pharma rose more than 15%, while Pharmaron, Meihao Medical and Porton Pharma gained over 10%. No specific catalyst for the move was given.

TREE NEWS reports: China’s three main A-share indices climbed in afternoon trading, lifting several broad-based ETFs into positive territory. The A500 ETF managed by Huatai-PineBridge, China Southern’s CSI 500 ETF and Harvest’s CSI 300 ETF all reversed earlier losses to trade higher. No further details were given.

TREE NEWS reports: All three major A-share indices reversed early losses to trade higher, with the ChiNext Index having fallen more than 3% in morning trading before recovering. The turnaround marks a sharp intraday swing for the growth-focused board.