Flash News

TREE NEWS reports: Taiwan’s TAIEX weighted stock index opened lower, falling 2.1% to 45,398.89 points in early trading. The benchmark’s decline marks a weak start to the session for the island’s equity market.

TREE NEWS reports: FTSE China A50 index futures opened down 0.67% on the current session, extending a 0.33% decline from the prior overnight session. The early move reflects pressure on the benchmark tracking the largest A-share companies.

TREE NEWS reports: SK Hynix shares fell more than 8% while Samsung Electronics dropped over 5%. The declines mark sharp single-session losses for two of South Korea’s largest semiconductor makers. No further details on the cause or timing of the moves were provided.

TREE NEWS reports: Nasdaq 100 futures deepened their intraday loss to 2%, with shares of Amazon and Intel coming under pressure in after-hours US trading. The move reflects a broader selloff in technology stocks, with no specific corporate catalyst disclosed in the material.

TREE NEWS reports: Margin financing balances across the Shanghai and Shenzhen stock exchanges fell by a combined 26.108 billion yuan as of October 29. The Shanghai Stock Exchange margin balance stood at 1.218189 trillion yuan, down 12.119 billion yuan from the prior session, while the Shenzhen Stock Exchange balance was 1.130963 trillion yuan, down 13.989 billion yuan. The two markets totaled 2.349152 trillion yuan.

TREE NEWS reports: SoftBank Group shares fell 5.7% on Tuesday. The decline marks a sharp single-day move for the Japanese technology investment conglomerate. No further details on the cause of the drop were immediately available.

TREE NEWS reports: South Korea’s benchmark KOSPI index fell more than 4%. The drop marks a sharp single-session decline for the Seoul stock market. No further details on the cause or specific sector moves were provided.

TREE NEWS reports: Japan’s Nikkei 225 index extended its decline to 1.2% on the day, with the benchmark’s losses widening during the session. The move marks a sharper pullback for Japanese equities, though the material did not specify which sectors or stocks drove the drop.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.3% lower and South Korea’s Kospi opened down 3%, with chipmakers leading the declines. Samsung Electronics fell more than 3% and SK Hynix dropped 5% at the open.

TREE NEWS update: Evergrande Property Services Group said its liquidators, acting as agents for the sellers, and an offeror signed a share purchase agreement on Oct. 28 to sell 5.515 billion shares — about 51.016% of issued shares and the sellers’ entire holdings — for a total cash consideration of HK$4.026 billion. The company has applied to the Hong Kong Stock Exchange to resume trading at 9:00 a.m. on Oct. 30.

TREE NEWS reports: Pre-restructuring periods for distressed A-share companies are stretching well beyond a year, with Zhongji Health on Oct. 27 disclosing a fifth extension to Jan. 28, 2027, *ST Kaiyuan’s eighth extension expiring Oct. 23 after more than two years, and Tianbang Food’s process running over 26 months since August 2024. Industry figures attribute the delays to a regulatory shift from preserving listing shells to rescuing underlying businesses.

TREE NEWS reports: Hyperliquid Strategies Inc. (PURR) closed up 23.27%, its largest single-day gain since Aug. 19, after TradeXYZ and Intercontinental Exchange (ICE) announced a partnership. Stanley Druckenmiller said on social media that he is excited to be a TradeXYZ investor and looks forward to using its products to optimize his own investment process; his representatives confirmed the information.

TREE NEWS reports: Foreign-owned mutual funds in China modestly increased holdings of bank stocks while maintaining equity allocations in the third quarter of 2026. The funds continued to seek opportunities in artificial intelligence and semiconductors, with portfolios emphasizing sector balance and risk-return matching. Managers said the shifts reflect greater attention to earnings quality and valuation rather than a simple style change.

TREE NEWS reports: Of the 119 companies that listed in Hong Kong this year, 28 saw their shares more than double on their first trading day, while 30 closed below their issue price. The divergence reflects a gap between scarce assets with reasonable valuations and homogeneous supply priced high, market participants said. Investors taking part in Hong Kong IPOs increasingly favor AI-related names.

TREE NEWS reports: As of October 29, 12 Chinese A-share listed banks had disclosed their 2026 third-quarter reports, including Ping An Bank, eight city commercial banks such as Bank of Hangzhou, and three rural commercial banks: Sunong Bank, Jiangyin Bank and Ruifeng Bank. The banks continued a strategy of steady scale and structural adjustment, with balance-sheet expansion proceeding at different paces and revenue and profit growth diverging. Improving funding costs supported net interest margins, while asset quality remained broadly stable.

TREE NEWS reports: Several Chinese fund institutions said the recent A-share market adjustment stems mainly from external shocks and trading-level factors rather than a reversal in China’s economic fundamentals or listed companies’ earnings logic. They said that with a resilient economy and policy support, the pullback changes prices, not the long-term value of Chinese assets, and urged investors to stick to fundamentals-based value investing rather than altering long-term judgments over short-term moves.

TREE NEWS reports: A total of 43 convertible bonds in China’s A-share market have completed maturity redemption so far this year, a record for the period, Wind data shows. The figure compares with just 17 before 2016 and has climbed steadily since, reaching 35 in 2024 and 39 in 2025, as issuers increasingly forgo forced conversion amid high proportions of unconverted bonds. Large issues including Huahai, Luxshare and Jidong convertibles face maturity windows in early November.

TREE NEWS update: Jiangsu Xinde Semiconductor Technology Co. launched a global offering of 107 million H-shares at HK$8.60 to HK$9.60 apiece, aiming to list on the Hong Kong Stock Exchange under stock code 7672. The deal includes 10.6565 million shares for the Hong Kong public offer and 95.906 million for the international placing, with applications open from Oct. 30 to Nov. 5, 2026, pricing on Nov. 6 and trading expected to start Nov. 10.

TREE NEWS reports: Nasdaq futures dropped 1.4% at the start of Asia-Pacific trading on Friday, while Intel fell 21.6% in after-hours US trading. Pinterest slid 9.7%, AMD 5.9%, Nebius 5.8%, Amazon 5.7% and SK Hynix ADRs 5.2%. SanDisk lost 3.4%, with Oracle, Qualcomm and Seagate Technology each down more than 3%.

TREE NEWS update: Coinbase CEO Brian Armstrong adopted a Rule 10b5-1 trading plan on Aug. 12 to sell up to 8,167,400 Class A common shares through the exercise of vested stock options, subject to specified share-price thresholds. The plan’s expected execution window runs from Nov. 16, 2026, to Oct. 22, 2027, and the shares are valued at about $1.31 billion. Co-founder Fred Ehrsam and executive Emilie Choi have also adopted share-sale plans.