Flash News

TREE NEWS reports: China’s three main A-share indices climbed in afternoon trading, lifting several broad-based ETFs into positive territory. The A500 ETF managed by Huatai-PineBridge, China Southern’s CSI 500 ETF and Harvest’s CSI 300 ETF all reversed earlier losses to trade higher. No further details were given.

TREE NEWS reports: All three major A-share indices reversed early losses to trade higher, with the ChiNext Index having fallen more than 3% in morning trading before recovering. The turnaround marks a sharp intraday swing for the growth-focused board.

TREE NEWS update: Apple’s first foldable phone, the iPhone Duo, has drawn user reports of screen cracking in multiple regions days after going on sale. Apple said it has noted issues with the inner display in a very small number of units and is offering replacements. Several supply-chain companies also commented on component supply conditions for the iPhone Duo.

TREE NEWS reports: Kia reported third-quarter operating profit of 1.82 trillion won, missing an estimated 2.43 trillion won. Net profit for the quarter came in at 1.29 trillion won versus a 2.06 trillion won estimate, while revenue was 31.60 trillion won against an expected 31.81 trillion won.

TREE NEWS reports: South Korea’s KOSPI index rebounded intraday to narrow its decline to 3%, after earlier dropping more than 5% during the session. The benchmark Seoul Composite staged a short-term recovery as selling pressure eased. The index remains in negative territory for the day.

TREE NEWS reports: Evonik Industries plans to reject BASF’s raised €11 billion takeover offer on the grounds that the price is too low, with a statement expected in the coming days. The German specialty chemicals maker may keep the door open to talks if BASF lifts its bid further.

TREE NEWS reports: The Shanghai Composite fell 0.3% at the midday break on October 30, while the Shenzhen Component dropped 0.58% and the ChiNext Index lost 1.18%. Consumer stocks such as baijiu rose against the trend, with Qingdao Food hitting a fifth consecutive limit-up, and pharmaceutical and shipping shares also gained. Decliners outnumbered advancers 2,629 to 2,367, with morning turnover at 1.02 trillion yuan.

TREE NEWS reports: Japan’s Nikkei 225 fell 2.5% by the end of the morning session, while the broader Topix index declined 1.3%. The drop marks a sharp morning sell-off in Japanese equities, with both benchmarks closing the half-day lower.

TREE NEWS reports: Chinese pharmaceutical and healthcare stocks staged a volatile rebound, with Yangpu Medical surging 20% to hit its daily limit. RuiZhi Pharmaceutical and BiDe Pharmaceutical each gained more than 10%, while Haoyuan Pharma, Wanbang Biopharmaceutical, Baihua Pharmaceutical and Qianhong Pharmaceutical also advanced.

TREE NEWS update: Coinbase posted third-quarter net income of $719 million, ending three straight quarters of losses, on total revenue of $1.216 billion, down 35% year over year. The profit included $715 million in crypto asset investment gains; adjusted net income was $77.7 million, down 82% year over year. Stablecoin revenue reached $307 million and prediction-market revenue ran above a $200 million annualized pace, while spot trading volume fell to $134.5 billion.

TREE NEWS reports: China’s consumer sector extended its rally, led by baijiu and food-processing shares. Qingdao Foods rose by the daily limit for a fifth consecutive session, while Yingjia Gongjiu, Gujing Gongjiu, Quanyangquan, Haoxiangni and Heizhima also hit limit-up. The move reflects continued strength in large-cap consumer names.

TREE NEWS reports: Robot-themed stocks in China’s A-share market continued their rally, with Julun Intelligent and Tianqi Shares hitting the daily limit-up. Daye Co., Mingzhi Technology, Zhengyu Industrial and Buke Shares each rose more than 6%. No specific catalyst for the move was disclosed.

TREE NEWS reports: Shares of Chinese baijiu liquor producers rallied against the broader market trend, with Gujing Gongjiu and Yingjia Gongjiu climbing more than 7%. Huangtai Liquor, Luzhou Laojiao, Jinshiyuan, and Jinzhongzi Liquor also advanced, following the sector’s move higher.

TREE NEWS reports: The Hang Seng Tech Index fell 1% on the day. The decline marks a pullback for the Hong Kong-listed technology gauge. No further details were provided in the available data.

TREE NEWS reports: Chinese computing-power hardware stocks extended their decline, with Victory Giant Technology, Eoptolink Technology, TFC Optical Communication and Suzhou Tokel falling more than 10%. Taijin New Energy, T&S Communications, Cambridge Technology and Zhongji Innolight dropped more than 6%. The selloff hit the sector’s optical-module and PCB names broadly.

TREE NEWS reports: The Shanghai Composite opened at 3605.65 on Thursday, down 1.25%, while the Shenzhen Component fell 2.40% to 10871.13 and the ChiNext Index dropped 3.29% to 2434.80. The CSI 300 opened 1.40% lower at 3985.24, the STAR 50 fell 3.02% to 1190.95, and the CSI 500 and CSI 1000 opened down 2.10% and 2.11% at 6318.16 and 6243.98 respectively.

TREE NEWS reports: Zhongji Innolight’s Hong Kong-listed shares opened 7.2% lower in early trading, hitting their lowest level since the company’s listing. The decline marks a record low for the stock in its Hong Kong debut market, with no further details disclosed in the trading update.

TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.23% higher at 23,011.29 on Wednesday, while the Hang Seng Tech Index fell 0.63%. Midea Group rose nearly 4%, with Trip.com, Xiaomi and NetEase each gaining more than 1%.

TREE NEWS update: The Korea Exchange activated its SIDECAR circuit breaker on KOSPI, suspending programmatic sell orders. The mechanism halts automated trading temporarily to curb sharp market swings. No further details on duration or trigger threshold were given.

TREE NEWS reports: The MSCI Asia-Pacific Index fell 1.2% to 259.45 points. The decline marks a broad pullback across Asia-Pacific equities, with the benchmark giving up ground in the session. No further detail on the drivers of the move was provided.