Flash News

TREE NEWS update: Amkor Technology signed a $1.3 billion binding agreement with Nvidia to expand advanced packaging capacity in South Korea, bringing the total value of the companies’ multi-year agreements to $3 billion. The deal covers advanced packaging production in Korea, a key step in the semiconductor supply chain.

TREE NEWS update: Abbott Laboratories announced plans to separate its global nutrition business into a standalone publicly listed company, with the spin-off expected to complete by the end of 2027. The company said the separation will not affect its 2026 earnings guidance. No further terms of the transaction were disclosed.

TREE NEWS reports: Nvidia shares rose more than 2% in U.S. premarket trading, extending their advance before the opening bell. The move in the chipmaker’s stock came ahead of the regular session, with no further details disclosed.

TREE NEWS update: CATL repurchased 3.4886 million shares on October 21 at prices ranging from RMB 227.51 to RMB 231.38 per share, for a total consideration of RMB 800 million. The buyback was executed on the Shenzhen-listed battery maker’s own shares.

TREE NEWS update: China Life Insurance plans to sell its 33.73% stake in China Life Pension Insurance to parent China Life Insurance (Group) for RMB 4.146 billion, the company said in a filing. Its non-wholly-owned subsidiary China Life Asset Management will also sell a 3.53% stake to the group for RMB 434 million. After closing, the group will hold 41.67% and become the largest shareholder, while China Life’s stake falls to 37.01%. The group expects a gain of about RMB 2.574 billion.

TREE NEWS reports: Changying Precision’s closing price rose by a cumulative 36.43% deviation over three consecutive trading sessions from Oct. 19 to Oct. 21, 2026. The company delivered more than 1.1 million precision components for humanoid robots between January and August 2026, with order growth in the third and fourth quarters accelerating further compared with the first half.

TREE NEWS update: The Shanghai Stock Exchange held a mobilization meeting on Oct. 21 for its first batch of active ETFs, with more than 40 executives from nine fund managers and seven securities firms attending. The exchange said it will maintain full-chain oversight of issuance, listing, investment operations and disclosure under a “steady start, step-by-step, strict risk control” approach, aiming to bring more medium- and long-term capital into the A-share market.

TREE NEWS update: AT&T now expects full-year adjusted earnings per share of about $2.40, up from its prior range of $2.25 to $2.35, against a market estimate of $2.35. The company still forecasts full-year free cash flow of at least $18 billion versus an $18.12 billion consensus. Third-quarter revenue rose 5.2% year on year to $32.3 billion, beating the $31.7 billion estimate, while adjusted EPS came in at $0.65.

TREE NEWS reports: Five China-listed ETFs each held estimated assets above 100 billion yuan as of the Oct. 21 close, Wind data show. Huatai-PineBridge CSI 300 ETF led at 124.204 billion yuan, followed by Yinhua Riri ETF at 121.16 billion yuan, ChinaAMC STAR 50 ETF at 104.54 billion yuan, HuaAn Gold ETF at 103.042 billion yuan and Huabao Tianyi ETF at 103.001 billion yuan. Total ETF assets have continued to recover, expanding the 100-billion-yuan club.

TREE NEWS update: Super Micro Computer on Oct. 20 raised preliminary first-quarter fiscal 2027 revenue guidance to $18.5 billion-$19.5 billion, up from $14.5 billion-$15.5 billion, and lifted its gross margin outlook to 12.0%-12.5% from 10.4%-10.8% for the quarter ending Sept. 30, 2026. SMCI closed at $32.47, up 1.15%, and rose 15.54% to $37.52 after hours. Full unaudited results are due Nov. 3.

TREE NEWS update: Aiko Solar said in an Oct. 21 filing that it plans to convert its existing PERC cell capacity at its Tianjin base into 6GW of ABC cell capacity, with total investment estimated at 1.15 billion yuan. The project covers process upgrades to reusable equipment and purchases of new tools required by the BC process. The company said it will reuse as much of the existing line as possible.

TREE NEWS reports: Wens Foodstuff Group reported revenue of 72.197 billion yuan for the first three quarters of 2026, down 4.74% year-on-year, while net profit attributable to shareholders swung to a loss of 4.961 billion yuan from a profit a year earlier. Non-recurring net loss reached 5 billion yuan. In the third quarter alone, the attributable net loss was 596 million yuan, driven by a sharp decline in hog prices that caused large losses in its pig farming business.

TREE NEWS update: Duan Yongping said he will continue buying shares of Pop Mart but will keep his stake below 10% of the company, citing concerns about the company’s objections. The investor, who compared the position to his roughly 10% holding in NetEase, made the remarks in response to a question from an online user about his Pop Mart investment. He also said he would no longer answer such questions.

TREE NEWS update: Evernorth’s $132.2 million warrant registration has gone effective, allowing cash exercises of up to 11.5 million XRPN shares. The company said net proceeds from any exercises would be used for general corporate purposes.

TREE NEWS reports: ARK Invest’s updated open-source model values Tesla at about $4,400 per share in 2031, with Monte Carlo simulations putting the bull case near $5,000 and the bear case near $3,300. The firm expects Robotaxi to contribute roughly 80% of Tesla’s enterprise value by 2031, with about 8.1 million cumulative deployments in the base case, while Optimus external sales are projected at about 1 million units and roughly $212 billion in robot-as-a-service revenue.

TREE NEWS reports: SpaceX reported FY2026 third-quarter revenue of $14.575 billion, up 161% year over year and above the roughly $12.86 billion market estimate, with net income of $4.404 billion versus a $1.054 billion loss a year earlier. Its Super Intelligence division posted $7.56 billion in revenue, up 830% year over year, first surpassing the Starlink Connectivity unit at about 51.9% of total revenue. SI operating profit was $431 million, while Connectivity contributed $2.367 billion.

TREE NEWS update: Strive completed a $630 million preferred stock offering on Tuesday, roughly 25% larger than originally planned, with a 15% nominal annual yield and issued at a discount for a real yield near 17%. Strategy’s 12%-yield STRC preferred has not been issued since its price fell in June, and the company is seeking daily dividend payments while continuing to sell common stock to buy bitcoin, diluting existing shareholders.

TREE NEWS update: Shengyi Technology’s board approved a share buyback of no less than RMB 200 million and no more than RMB 300 million, funded by own or self-raised capital through centralized bidding, the company announced. The repurchase price is capped at RMB 207.99 per A-share, and the shares will be used for an employee stock ownership plan or equity incentives within 12 months of board approval.

TREE NEWS update: Four people died in an accident at TSMC’s Kaohsiung plant construction site, with preliminary assessments pointing to a possible failure of an aged bolt. The incident occurred at the chipmaker’s construction project in southern Taiwan. TSMC has not issued a public statement on the cause.

TREE NEWS update: Western Mining reported net profit attributable to shareholders of 6.789 billion yuan for the first three quarters of 2026, up 130.50% year on year, on revenue of 59.788 billion yuan, which rose 23.42%. Third-quarter net profit reached 2.62 billion yuan, up 143.48%, and total profit for the nine months was 11.134 billion yuan, up 86.68%. The company attributed the growth to higher year-on-year prices for copper and zinc and its gold- and silver-bearing products.