Flash News

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.

TREE NEWS update: Temasek and GIC denied allegations by former Indonesian trade minister Muhammad Lutfi that the two Singapore state investors influenced MSCI to pressure Indonesia over market governance. MSCI said last week that Indonesia would likely be removed from its global indexes unless governance improves significantly, a warning that triggered the country’s biggest stock market decline since the 1998 Asian financial crisis.

TREE NEWS update: The China Securities Regulatory Commission will accelerate efforts to improve the product system of the Beijing Stock Exchange and increase the supply of public mutual funds, aiming to balance investment and financing, the regulator said at the 2026 Financial Street Forum annual meeting. The plan targets a more complete lineup of products on the exchange and greater participation by public funds.

TREE NEWS update: Small Commodity City reported third-quarter revenue of 5.038 billion yuan, down 5.81% year on year, with net profit attributable to shareholders at 1.481 billion yuan, down 16.14%. For the first nine months, revenue rose 17.29% to 15.319 billion yuan while net profit edged up 0.09% to 3.461 billion yuan.

TREE NEWS update: Kotei (光庭信息) reported third-quarter 2026 net profit attributable to shareholders of 29.43 million yuan, up 1,482.18% year on year, on revenue of 191 million yuan, up 31.92%. Non-GAAP net profit rose 7,386.75% to 26.65 million yuan. For the first nine months, revenue reached 510 million yuan, up 21.38%, while net profit attributable to shareholders was a loss of 5,495.6 yuan. The company said its third-quarter operational improvement measures delivered results.

TREE NEWS reports: US spot Ether ETFs have recorded $1.08 billion in net outflows so far in October, the largest monthly outflow of 2026, as Bitcoin ETF inflows slowed following Monday’s spike. The figures cover flows through the month to date.

TREE NEWS reports: Meta reports third-quarter results after the close on Oct. 21, with BofA Securities analyst Justin Post forecasting revenue of about $63.8 billion, slightly above the $63.3 billion consensus. A one-time $10 billion state attorneys general settlement is expected to cut GAAP operating income to $11.5 billion and EPS to $3.79, versus consensus of $18.6 billion and $6.08. Investors will focus on signals about 2027 capital spending and the pace of AI monetization.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed down 0.9% and the Hang Seng Tech Index fell 1.26%. Among individual decliners, Manycore Tech dropped about 13%, CATL lost about 11%, Pop Mart fell about 5% and Laopu Gold slipped about 4%.

TREE NEWS update: Nuode Investment reported third-quarter 2026 net profit attributable to shareholders of RMB144 million, up 775.64% year on year, on revenue of RMB3.733 billion, which rose 110.07%. Non-recurring net profit reached RMB155 million, up 752.78%. For the first three quarters, revenue totaled RMB10.166 billion, up 112.12%, and net profit was RMB247 million, up 363.36%. The company attributed the growth to higher revenue and gross margin.

TREE NEWS update: SK Hynix has completed a 40 trillion won share buyback, the company said. The repurchase program, one of the largest by a South Korean chipmaker, has now been fully executed. No further details on the timing or the number of shares repurchased were provided.

TREE NEWS reports: SpaceX shares rose about 9% in pre-market trading after the company reported third-quarter revenue of $14.58 billion, up 161% year over year, with AI business revenue surging 830% to become its largest revenue source and net profit beating expectations by 2.3 times. Super Micro Computer gained about 15% on preliminary first-quarter revenue that topped estimates by 27%, while Netflix fell about 6% after its fourth-quarter revenue guidance and advertising revenue both missed expectations.

TREE NEWS update: Apple has capped purchases of the iPhone Duo at two units per customer worldwide, ahead of the device’s launch on the 23rd of this month. Apple customer service confirmed the global limit, though the company has not issued a formal statement on the reason. The restriction may be aimed at curbing scalpers stockpiling inventory.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges reached 1.429 trillion yuan (14293.48 billion yuan) on October 21. The Shanghai market accounted for 642.752 billion yuan, while Shenzhen contributed 786.597 billion yuan. The ChiNext board recorded turnover of 399.854 billion yuan.

TREE NEWS reports: Europe’s Stoxx 50 opened 0.3% higher on Monday, while Germany’s DAX was flat at the open. The UK’s FTSE 100 slipped 0.1%, and France’s CAC 40 gained 0.1%.

TREE NEWS reports: The ChiNext Index closed down 1.62% on the day after rising early and sliding as much as 2% in late trade, while the Shanghai Composite fell 0.6% and the Shenzhen Component lost 0.82%. CATL dropped nearly 12% for its largest single-day decline on record, dragging the battery supply chain lower. Turnover across the Shanghai, Shenzhen and Beijing markets reached 1.44 trillion yuan, with more than 3,300 stocks closing lower.

TREE NEWS reports: The Shanghai Composite Index closed at 3,713.03 on Thursday, down 0.60%. The Shenzhen Component fell 0.82% to 11,704.35, the ChiNext Index dropped 1.62% to 2,694.71 and the CSI 300 lost 0.97% to 4,111.93. The STAR 50 bucked the trend, rising 0.06% to 1,343.28, while the CSI 500 slipped 0.01% to 6,840.56 and the CSI 1000 gained 0.20% to 6,780.26.

TREE NEWS reports: E Fund’s ChiNext ETF (159915) saw a marked increase in trading volume in the late session, with turnover exceeding 10 billion yuan, the fund’s trading data showed. The surge came as the ETF drew heavy intraday trading interest. No further details on the cause of the volume spike were provided.