Flash News

TREE NEWS reports: Hong Kong’s Hang Seng Tech Index extended its decline to 1% on Tuesday, while the benchmark Hang Seng Index fell 0.7%. Manycore Tech plunged more than 12% and CATL dropped over 11%. No further details were provided on the cause of the declines.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.9% higher at 64,621.24, while the broader Topix also gained 0.9% to finish at 4,043.73. South Korea’s Kospi outperformed with a 3.3% rise to 5,735.66.

TREE NEWS reports: A Bloomberg survey projects the Euro Stoxx 50 will reach 6,394 points by the end of 2026. The same poll forecasts Germany’s DAX at 25,933 and the UK’s FTSE 100 at 10,790 by that date. It also sees the pan-European Stoxx 600 at 645 points at end-2026.

TREE NEWS reports: China’s A-share brokerage sector fell in afternoon trading, with Jinlong Co. hitting the daily limit-down. Xiangcai Co., Huaxin Co., Guosheng Securities, Hualin Securities and CITIC Securities also declined, tracking the sector’s broader pullback.

TREE NEWS reports: A-share memory chip concept stocks rebounded in volatile trading, with Demingli approaching the daily limit-up. Taiji Industrial, Tongyou Technology, Biwin Storage, DapuStor and Shannon Chip also advanced. The move came as the sector recovered from earlier losses.

TREE NEWS reports: A-share semiconductor stocks rose in intraday trade, with MEMSensing (敏芯股份) hitting the daily limit-up. Ori-chip Technology, Demingli, Montage Technology, Awinic Electronics and Bestechnic followed higher. No specific figures or company announcements were disclosed in the move.

TREE NEWS update: Elon Musk confirmed on SpaceX’s Oct. 20 earnings call that Tesla and SpaceX have each formed independent board special committees to discuss a potential merger, with Musk recusing himself due to conflict of interest. No terms have been agreed and completion is not guaranteed, he said, adding that any deal requires approval from holders of 50% of Tesla’s total outstanding shares, with abstentions counting as opposition. Tesla’s annual meeting is set for Dec. 3 with no merger proposal on the agenda.

TREE NEWS update: UK September CPI is due at 14:00 Beijing time, followed by ECB Executive Board member Cipollone at 16:00 and a fireside chat with Bank of England Governor Bailey at 21:00. Jensen Huang speaks at the GTC conference in Berlin at 17:00, and ECB President Lagarde speaks at 00:00 the next day. Meta, Tesla, Lam Research, Texas Instruments, IBM and SAP report after the US close, with New Zealand third-quarter CPI at 05:45 the next day.

TREE NEWS reports: The ChiNext Index, tracking growth-oriented companies on the Shenzhen Stock Exchange, fell below the 2,700-point level on [date], dropping 1.45% intraday. The decline marks a pullback for the technology-heavy benchmark, which is closely watched as a gauge of China’s growth-stock sentiment. No specific catalyst for the move was cited in the market data.

TREE NEWS reports: China’s A-share battery supply chain fell sharply, with Shidai Wanheng hitting the daily limit-down, while Kedali, Zizhu Gaoke, Shangtai Technology, Weilan Lithium Core and Lead Intelligent each dropped more than 6%. The selloff swept across the sector’s battery-component and equipment names.

TREE NEWS reports: The ChiNext Index fell more than 1% on the day, reversing an earlier gain of nearly 1%, as heavyweight constituent CATL tumbled almost 11%. The sharp drop in the battery giant weighed heavily on the growth-focused board, dragging the index into negative territory after a positive start.

TREE NEWS update: Starbucks China said on Oct. 21 it plans to invest more than 300 million yuan in its 2027 fiscal year to add store service staff, upgrade digital systems and core equipment, and renovate facilities at about 1,000 stores. The company also released its “Third Place Initiative” alongside the investment plan.

TREE NEWS update: CATL said its inventory turnover days have remained relatively stable over recent quarters, with no signs of sluggish sales or shipments, responding to a question about the quarter-on-quarter rise in third-quarter inventory. The company attributed the larger inventory amount to business growth, noting the increase was mainly in goods shipped but not yet recognized as revenue, which will gradually appear as revenue. In energy storage, CATL is shifting from selling cells and DC-side products to AC-side and system products, extending delivery and revenue recognition cycles.

TREE NEWS reports: Japan’s Nikkei 225 closed the morning session up 1.2%, while the broader Topix index gained 1.1%, as of the morning close. The two benchmarks moved higher in tandem during the first half of the trading day.

TREE NEWS reports: CATL shares fell more than 10% on Monday, dragging its combined A-share and H-share market capitalization down to 1.1 trillion yuan. Trading volume exceeded 16 billion yuan. The stock has now fallen more than 50% from its all-time high set on May 7, 2026.

TREE NEWS reports: The ChiNext Index extended its intraday gain to 1% during the trading session. The move marks the latest swing in the Shenzhen-listed growth board gauge. No further details on the drivers or the level of the index were given.

TREE NEWS update: The Korea Exchange activated its sidecar mechanism, suspending programmatic buy orders on the KOSPI. The circuit breaker halts automated purchasing on the main bourse. No further details on the trigger or duration were provided.

TREE NEWS update: SpaceX aims to produce its first functioning test chip, likely an SRAM chip, around May or June next year at its Austin research fab, Elon Musk said on the company’s post-earnings investor call. Musk said the internal goal is large-scale production at the Terafab main site at Gibbons Creek by the third quarter of 2028, calling the timelines very aggressive and thanking ASML and other suppliers for accelerating equipment deliveries.

TREE NEWS reports: South Korea’s KOSPI index rose 4.00% intraday to 5,775.10 points. Samsung Electronics gained 6.8% and SK Hynix climbed more than 7% in the same session.

TREE NEWS reports: Chinese agriculture stocks rallied in volatile trading, with Baiyang Aquatic Group rising for a second consecutive session and Dongfang Ocean sealing the daily limit-up. Jinjian Cereals Industry gained more than 6%, while Dunhuang Seed, Xinsai Co. and COFCO Sugar followed higher. The moves came as the agriculture sector swung upward during the session.