Flash News

TREE NEWS reports: FTSE China A50 index futures opened 0.40% higher on the latest trading day, following a 0.27% gain in the prior night session. The move tracks overnight positioning in the Singapore-listed contract used to gauge offshore sentiment on large-cap Chinese equities.

TREE NEWS update: The Shenzhen Stock Exchange added Likin Mining Resources to its Stock Connect eligible securities list and removed Weilu Technology shares, effective October 21, 2026. The adjustment changes which Hong Kong-listed stocks mainland investors can trade through the Shenzhen-Hong Kong Stock Connect link.

TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges totaled 2.443356 trillion yuan ($344 billion) as of Oct. 20, down 2.14 billion yuan from the previous trading day. The Shanghai Stock Exchange’s balance stood at 1.257978 trillion yuan, a decrease of 1.07 billion yuan, while the Shenzhen Stock Exchange’s balance was 1.185378 trillion yuan, down 1.07 billion yuan.

TREE NEWS reports: CITIC Securities expects the combined net profit of the coal-listed companies it tracks to rise about 27% quarter-on-quarter in the third quarter of 2026 and about 42% year-on-year in the first three quarters of 2026, with coking coal and anthracite firms likely to show stronger earnings growth. The brokerage said that although short-term supply-guarantee policies are overlapping, reversing the tight-supply pattern will take time, and coal prices will continue to rise sequentially in the fourth quarter, with profits improving further.

TREE NEWS reports: Shares of South Korean data-center infrastructure company Elice surged as much as 30% intraday, recovering most of the 32% decline suffered on its trading debut. The rebound marks a sharp reversal for the newly listed company, whose stock had fallen nearly a third on its first day of trading. No further details on the move were provided.

TREE NEWS reports: The Nikkei 225’s intraday gain widened to 2% during the session. The index extended its advance as the session progressed, with the move reflecting broad strength across the benchmark. No further details were immediately available.

TREE NEWS reports: South Korea’s benchmark KOSPI index extended its gain to 3% on the day. The move marks a sharp intraday advance for Seoul’s main stock exchange, with the index up 3% from the prior close.

TREE NEWS reports: Elice shares rose 16% following a 32% drop on their first day of trading in South Korea. The rebound comes a session after the stock’s debut slump, with the company’s listing drawing attention to the volatility of new issues on the Korean market.

TREE NEWS reports: Japan’s Nikkei 225 opened 1.1% higher, while South Korea’s KOSPI opened up 2%, in the latest session. The two benchmarks started the trading day with gains, with the KOSPI’s opening rise outpacing the Nikkei’s.

TREE NEWS reports: SpaceX reported third-quarter revenue of $14.58 billion, up 161% year on year, with AI business revenue surging 830% to become its largest revenue source and net profit beating expectations by 2.3 times. The company’s shares rose nearly 7% after hours. CEO Elon Musk said SpaceX’s annual recurring revenue could reach $1 trillion next year and did not rule out computing capacity exceeding 20GW.

TREE NEWS update: Transsion Holdings began trading on the Hong Kong Stock Exchange on October 15, lifting the number of A+H dual-listed companies to 204. Since the start of October, several A-share companies including Lianxun Instruments and Jiangfeng Electronics have moved to file for Hong Kong listings, while Dongshan Precision passed its HKEX listing hearing after refiling. Hong Kong’s market has drawn a large inflow of mainland hard-tech and A+H issuers this year.

TREE NEWS reports: Former Dongxing Securities and former Cinda Securities reported divergent operating results for the first three quarters of 2026 in their Q3 reports. With A-share trading volumes and overall market performance weakening in Q3 versus Q2, industry figures expect listed Chinese brokerages to still post year-on-year profit growth for the first three quarters, and institutions favor leading brokerages for excess returns.

TREE NEWS update: Industrial and Commercial Bank of China and Agricultural Bank of China paid a combined 82.1 billion yuan in 2026 interim cash dividends to A-share holders on Oct. 21. Wind data shows 21 A-share listed banks have disclosed interim dividend plans for 2026, with total proposed payouts exceeding 260 billion yuan. State-owned and joint-stock banks dominate, while city and rural commercial banks are accelerating their follow-up.

TREE NEWS reports: Several prominent Chinese fund managers adjusted their A-share holdings in the third quarter. Zhang Mingxin’s Huashang Balanced Growth trimmed its position in Guanghua Technology, while Chen Wenkai’s Huatai-PineBridge Quality Growth reduced its stake in China Jushi and Feng Liu’s Gaoyi Lin Shan No. 1 Yuanwang Fund cut its holding in Hikvision. Managers also opened new positions, with Zhang Kun’s E Fund Blue Chip Selection adding Chuantou Energy and Du Meng’s Morgan Emerging Dynamics buying Jintian Co.

TREE NEWS update: The UK releases September CPI at 14:00 Beijing time, with ECB chief economist Lane speaking in Shanghai at 12:15 and ECB executive board member Cipollone at 16:00. Nvidia CEO Jensen Huang delivers a keynote at the GTC conference in Berlin at 17:00, while Bank of England Governor Bailey takes part in a fireside chat at 21:00. After the US close, Meta, Tesla, Lam Research, Texas Instruments, IBM and SAP report earnings.

TREE NEWS update: Eighteen Chinese fund managers, including E Fund, ChinaAMC, China Universal, Southern Asset Management, Fullgoal and Penghua, disclosed offering arrangements on Oct 20 for their active ETFs, set to launch together on Oct 23. Based on a 2 billion yuan cap per product, the 18 funds could collectively raise up to 36 billion yuan. The products embed active research into a standardized on-exchange ETF wrapper.

TREE NEWS reports: SpaceX reported third-quarter 2026 revenue of $14.6 billion, up 161% year over year, with net profit of $4.4 billion versus a $1.1 billion net loss a year earlier. Adjusted EBITDA rose 306% to $8.8 billion. Capital expenditure totaled $1.96 billion, mainly for superintelligence compute buildout, Starship infrastructure and satellite production, and is expected to climb to $3.5–4.0 billion in the fourth quarter.

TREE NEWS reports: Nasdaq futures gained 1% in early Asia-Pacific trading on Wednesday. Among tech stocks in after-hours US trading, Intel rose 4%, while Micron, AMD and Nvidia each added at least 2.2%. TSMC, Oracle and Tesla were up at least 1.5%, while Apple slipped 0.3%, Pinterest fell 1.9% and Netflix dropped 5.6%.

TREE NEWS reports: Southern Copper reported third-quarter sales of $4.7 billion, topping the $4.46 billion analysts expected. Adjusted EBITDA for the quarter came in at $3.04 billion, also above the $2.91 billion consensus estimate. The results cover the copper producer’s third quarter.

TREE NEWS reports: SpaceX shares rose 5.5% in after-hours trading as the company held an analyst conference call. No further details on the call’s content or the reason for the move were provided.