Flash News

TREE NEWS update: Hansoh Pharmaceutical’s wholly owned subsidiary and Hansoh Bio, LLC signed a strategic collaboration and license agreement with F. Hoffmann-La Roche Ltd covering a portfolio of antibody-drug conjugate (ADC) projects, including two of Hansoh’s preclinical ADC candidates and multiple ADC programs using Roche-proposed targets developed on Hansoh’s ADC platform. Hansoh will receive a $400 million upfront payment and a $110 million one-year anniversary payment, and is eligible for potential milestone payments exceeding $15 billion tied to development, regulatory and commercialization progress, plus tiered royalties on future product sales.

TREE NEWS update: TCL Electronics said it expects revenue of about HK$91 billion to HK$97.7 billion for the first three quarters of 2026, up about 10% to 18% year on year, with adjusted net profit attributable to shareholders of HK$2.11 billion to HK$2.25 billion, a rise of about 45% to 55%. The company attributed the profit improvement to its “globalization” and “mid-to-high-end” strategy, with a better TV product mix and higher internet business revenue and profit quality.

TREE NEWS update: Aidi Precision reported net profit attributable to shareholders of 435 million yuan for the first three quarters of 2026, up 37.71% year on year, on revenue of 3.325 billion yuan, up 40.05%. Non-recurring net profit rose 43.38% to 417 million yuan, mainly on higher revenue. Third-quarter revenue was 1.063 billion yuan, up 31.95%, with net profit of 129 million yuan, up 18.72%.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator will steadily roll out a Beijing Stock Exchange 50 ETF, market-cap-based share allotment for new BSE listings, innovative evaluation standards and optimized tiered management for the National Equities Exchange and Quotations. Speaking at the opening of the 2026 Financial Street Forum, Wu said the measures aim to build the BSE and NEEQ into a main platform serving innovative small and medium-sized enterprises.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 that the regulator will roll out four measures, including tightening rules for penalizing illegal share reductions. Speaking at the 2026 Financial Street Forum, Wu said the CSRC will refine identification standards to crack down more precisely on such violations. The measures also include a fund industry monitoring center, guidelines on AI use in securities and futures, and guidance on advance compensation for securities market investors.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on October 19 at the opening of the 2026 Financial Street Forum that the CSRC will accelerate the introduction of regulations on the supervision of listed companies, improving mechanisms for corporate governance, information disclosure and investor protection while cultivating a stronger cohort of high-quality listed firms. He also said the regulator will step up efforts to promote high-quality development of securities firms, supporting industry mergers, acquisitions and subsequent integration.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said on Oct. 19 at the opening of the 2026 Financial Street Forum that the CSRC will approve the registration of the first batch of 18 active ETFs that day. He described the move as an important step in promoting innovation in fund products and said it would bring more incremental capital into the market.

TREE NEWS update: China’s listed companies distributed 2.1 trillion yuan ($290 billion) in dividends and share buybacks so far this year, CSRC Chairman Wu Qing said at the 2026 Financial Street Forum opening on Oct. 19. That is 2.7 times the amount raised through IPOs and refinancing over the same period. First-half revenue for listed firms reached 37.7 trillion yuan, with net profit of 3.6 trillion yuan, up 19.5% year-on-year and the highest in nearly three years.

TREE NEWS reports: US semiconductor stocks traded broadly higher in premarket trading. Intel rose nearly 4%, Super Micro gained nearly 3%, Micron Technology climbed more than 2%, and ASML added 2%. The moves came in premarket trading ahead of the US market open.

TREE NEWS update: Eli Lilly’s Omvoh met its primary endpoint in a pediatric ulcerative colitis trial, the company said. The result marks a positive late-stage readout for the drug in a younger patient population. Further details from the study were not disclosed in the initial announcement.

TREE NEWS reports: The Nasdaq Composite fell about 4.5% for the week ended Oct. 16 to close at 26,140.03, its worst week since June, while the Dow rose about 0.7% to 52,002.41 and the S&P 500 dropped about 1.9% to 7,659.44, with pressure concentrated in tech and small caps. September CPI rose 3.7% year over year, up from 3.4% in August, adding to rate concerns. Meta and Tesla report Oct. 21, with Netflix on Oct. 20.

TREE NEWS reports: Memory-chip stocks advanced in US premarket trading on October 19, with Micron Technology (MU.O) up 2.40%, SanDisk (SNDK.O) up 3.64% and SK Hynix (SKHY.O) up 3.60%. Western Digital (WDC.O) and Seagate Technology (STX.O) each gained more than 2%.

TREE NEWS update: Elon Musk said he will give one share of SpaceX from his personal holdings to every child in the United States next year. The pledge, announced without further detail on eligibility, timing or mechanics, would distribute shares of the privately held rocket company to minors. SpaceX is not publicly traded, and no information was given on how the transfer would be structured or valued.

TREE NEWS reports: US spot Ether ETFs have recorded about $955 million in net outflows so far in October, while Bitcoin funds extended their weekly withdrawal streak to two weeks. Combined, Bitcoin and Ether ETFs shed $549 million. The figures point to sustained investor withdrawals from US spot crypto exchange-traded funds.

TREE NEWS update: China Jushi reported third-quarter 2026 revenue of 6.919 billion yuan, up 44.30% year on year, with net profit attributable to shareholders at 2.412 billion yuan, up 173.80%. Non-recurring net profit reached 2.406 billion yuan, up 163.98%. For the first nine months of 2026, revenue totaled 18.078 billion yuan, up 30.02%, and net profit was 5.346 billion yuan, up 108.15%.

TREE NEWS reports: Morgan Stanley raised its price target on Meta Platforms (META.O) to $820 from $775, the bank said on October 19. The upgrade lifts the investment bank’s outlook for the social media and AI group’s shares. Meta’s stock trades on the Nasdaq under the ticker META.

TREE NEWS reports: Goldman Sachs strategists led by Ben Snider said a reversal in market momentum could benefit US consumer stocks that have lagged, as low market breadth raises the risk of trend reversal. The team recommended defensive names including Tyson Foods and Kroger, citing their low share-price volatility and high free-cash-flow yields relative to peers. The strategists warned that unusually narrow market breadth is increasing momentum exposure risk, with concentration still near its highest since the dot-com era.

TREE NEWS reports: Oaktree Capital co-chairman Howard Marks said he does not believe the AI-driven stock market has reached a genuine bubble, arguing that widespread bubble discussion signals investors are not “oblivious” to risk. In an interview, Marks said the S&P 500’s five largest tech stocks trade at about 23 times forward earnings versus roughly 65 times before the 2000 dot-com peak. The Nasdaq 100 fell 5.5% last week after hitting a record high earlier this month.

TREE NEWS reports: France’s CAC 40 index dropped 1% at the start of trading on Tuesday. The decline marks a weak opening for the benchmark French equity gauge, with no immediate catalyst cited for the move. The CAC 40 tracks the 40 largest companies listed on Euronext Paris.

TREE NEWS reports: Trading on the Shanghai and Shenzhen stock exchanges totaled 1.437512 trillion yuan ($197 bln) on Oct 19. Shanghai contributed 687.010 billion yuan and Shenzhen 750.502 billion yuan, while the ChiNext board accounted for 358.375 billion yuan of the day’s turnover.