Flash News

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.

TREE NEWS reports: CoreWeave and Nebius Group each climbed more than 3% in US after-hours trading. No further details on the move were provided.

TREE NEWS update: Super Micro Computer (SMCI) preliminarily estimated first-quarter net sales of $18.5 billion to $19.5 billion, versus analysts’ estimate of $14.99 billion. The company’s shares rose 11% in after-hours trading following the disclosure.

TREE NEWS reports: Of the S&P 500’s 11 sectors, health care closed up 2.34%, while real estate, utilities and financials gained at most 1.69%. Information technology fell 0.34% and telecommunications dropped 0.89%.

TREE NEWS reports: US sector ETFs closed mostly higher on Tuesday, October 20, with the biotech index ETF up 3.16% and the global airlines and healthcare ETFs gaining as much as 2.38%. Technology, global tech and semiconductor ETFs fell by as much as 0.38%.

TREE NEWS reports: The US real estate ETF rose 1.73% on Tuesday, October 20, while the Russell 2000 index ETF gained 1.66% and the Dow Jones ETF added 1.05%, leading US asset-class ETFs. The 20+ year Treasury ETF, Barclays convertible bond ETF and S&P 500 ETF each rose at least 0.34%. The Nasdaq 100 ETF slipped 0.1%, the Brent oil fund fell 0.37% and the gold ETF dropped 0.54%.

TREE NEWS reports: Brazil is preparing its first panda bond issuance, potentially launching as soon as next week after Sunday’s presidential election, with an initial tranche of 5 billion yuan. The government is seeking to raise about 10 billion yuan ($1.5 billion) in total. The sale would make Brazil the first Latin American sovereign issuer in China’s panda bond market and could set a pricing benchmark for Brazilian companies such as Vale, which is also considering yuan-denominated debt.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.01% to 2,974.76 on Tuesday, October 20, after touching a session low of 2,952.25 at 14:13 Beijing time. CALB’s Hong Kong-listed H-shares dropped 9.21% and Umicore’s European shares lost 4.47%, while RoboSense gained 3.92% and Volvo Car rose 4.4%.

TREE NEWS reports: SpaceX reported third-quarter revenue of $14.58 billion, topping analysts’ estimate of $12.8 billion. Net profit came in at $4.4 billion versus an expected $1.88 billion, while capital expenditure reached $19.59 billion, roughly in line with the $19.6 billion forecast.

TREE NEWS reports: Netflix reported third-quarter revenue of $12.87 billion, matching estimates, with earnings per share of $0.87 versus an expected $0.82. Free cash flow came in at $2.88 billion, below the $3.22 billion forecast. For the fourth quarter, the company guided revenue to $13.44 billion, below analysts’ $13.51 billion estimate, and operating income to $3.50 billion versus the expected $3.72 billion.

TREE NEWS reports: US stocks closed mixed on October 21, with the Dow up 1.00%, the Nasdaq down 0.10% and the S&P 500 up 0.27%. Among crypto-linked names, BitMine (BMNR) rose 5.68%, Circle (CRCL) gained 5.12% and Strategy (MSTR) added 4.52%, while Riot Platforms (RIOT) fell 2.23% and MARA rose 2.04%.

TREE NEWS reports: United Airlines reported third-quarter operating revenue of $17.9 billion, narrowly missing the analyst estimate of $17.91 billion. The carrier’s quarterly top line came in about $10 million short of consensus. No further figures were disclosed in the release.

TREE NEWS reports: The Nasdaq Golden Dragon China Index, which tracks U.S.-listed Chinese companies, closed provisionally up 0.7%. Among individual stocks, Hesai rose 8.3%, XPeng gained 7.6%, Li Auto added 5.7%, 21Vianet climbed 5.5%, Meituan advanced 2.9%, Xiaomi rose 2.8%, BYD edged up 1.1% and Alibaba finished 0.1% higher, while NetEase slipped 0.1%.

TREE NEWS reports: The S&P 500 closed provisionally up 0.2%, with health care rising 2.3% and real estate adding 1.6%, while technology fell 0.3% and telecom dropped 1%. The Nasdaq 100 slipped 0.1%, as Arm Holdings fell 3% and Lam Research, KLA, Applied Materials, Cadence, Constellation Energy, Netflix and Meta each lost at least 1.7%. Semiconductor and memory-chip indices declined 0.3% and 0.5%, respectively.

TREE NEWS update: Anthropic disclosed in a newly released S-1 filing that it is preparing for a large-scale IPO, with rapid revenue growth offset by a long list of risks including a narrow customer base and uncertainty over needed compute supply. The company signaled it could spend up to $750 billion in the coming years to secure more computing power, including deals still under negotiation.

TREE NEWS reports: The Hang Seng Index main futures contract closed up 0.51% at 24,001 in the overnight session. The Hang Seng Tech Index futures rose 0.69% to 4,076. The moves reflect overnight positioning in Hong Kong equity derivatives.