TREE NEWS reports: Japanese semiconductor maker Rapidus is reportedly struggling to achieve mass production on schedule, raising doubts over its timeline for advanced chip manufacturing. The report did not specify the target date or the reasons behind the expected delay. Rapidus is Japan’s state-backed bet on cutting-edge logic chips.
TREE NEWS update: Ningbo-Zhoushan Port’s annual container throughput surpassed 40 million TEU on Nov. 10, the second consecutive year it has reached the milestone after first crossing it in 2025. The port hit the 40 million mark 22 days earlier than it did last year.
TREE NEWS update: CATL Chairman Zeng Yuqun said customers need “more and cheaper batteries” and dismissed concerns that the power-battery giant has grown too large. Zeng said CATL becoming oversized is “not a worry,” and the company is working to lower battery prices to reach more consumers. He added that CATL can continue serving what it calls the “premium” market while other segments will see more suppliers.
TREE NEWS reports: Bridgewater founder Ray Dalio said the US midterm election results change who handles America’s problems but not the underlying debt, wealth-gap, geopolitical and climate challenges. He warned that fights over government funding, starting when President Trump’s stopgap spending measure expires on Dec. 11 and again as the federal debt limit nears in March 2027, could push up short-term Treasury yields and erode confidence in US Treasuries as the world’s premier safe collateral.
TREE NEWS update: US Secretary of State Marco Rubio said on the 9th that the United States and Israel are discussing a new memorandum of understanding on US military aid to Israel. Speaking after a G7 foreign ministers meeting in France, Rubio said President Trump believes Israel is “prosperous and wealthy enough now” to buy weapons from the US, and that “America no longer needs to fund it.” Rubio said Trump wants the new memorandum implemented as soon as possible.
TREE NEWS update: Guangzhou Housing Provident Fund Management Center relaxed its housing fund withdrawal rules, allowing contributors to withdraw their account balances to buy self-occupied homes anywhere in China. For non-mortgage purchases within Guangzhou, withdrawal can be requested after payment; for non-mortgage purchases outside the city, after six months; for mortgage purchases, after loan disbursement and before repayment.
TREE NEWS update: XPeng AeroHT founder Zhao Deli said global flying cars will enter a period of rapid development over the next decade, speaking on the main stage at Web Summit in Lisbon on the evening of Nov. 9. Zhao presented the company’s split-type flying car, the “Land Aircraft Carrier,” making XPeng AeroHT the first flying-car company to take the Web Summit main stage. He said low-altitude mobility will advance on two tracks: conventional aviation becoming smarter, electric and more accessible, and cars evolving “wings” to enter the sky.
TREE NEWS reports: Japan’s auction of 30-year government bonds drew a bid-to-cover ratio of 3.36, compared with a 12-month average of 3.6%, indicating slightly weaker demand at the long end of the curve. The result reflects investor appetite for ultra-long Japanese sovereign debt at the latest sale.
TREE NEWS reports: Trump Media and Technology Group reported net income of $409.7 million for the third quarter, swinging from a net loss of $54.8 million a year earlier. The profit was driven by gains on cryptocurrency holdings, the company said.
TREE NEWS reports: U.S. fundamental long-short funds cut total leverage by 8.7 percentage points last week, the largest weekly drop since March 2020, with net leverage falling 3.7 points to 43.3%, the 0th percentile of the past five years, Goldman Sachs prime brokerage data showed on Nov. 9. Clients have net sold over $30 billion of tech stocks since early October, and CTA strategies sold about $11.6 billion of S&P futures and $3 billion of Nasdaq futures in five days.
TREE NEWS update: Bitmine (NYSE: BMNR) added 9,587 ETH in the past week, lifting its total holdings to 6,070,092 ETH, worth about $13.6 billion and equal to 4.97% of Ethereum’s supply, the company disclosed on Nov. 10. That puts the digital asset treasury firm at 99% of its “Alchemy of 5%” goal set when it launched its ETH treasury strategy on June 30, 2025. Chairman Tom Lee has said 5% is a hard cap, meaning Bitmine’s weekly net buying of 8,000 to 15,000 ETH will stop once the final gap is filled.
TREE NEWS reports: The Shanghai Composite ended the morning session at 3,662.81, up 0.06%, while the Shenzhen Component rose 0.76% to 11,229.66. The ChiNext Index gained 1.49% to 2,495.29 and the STAR 50 added 1.05% to 1,270.14. The CSI 300 edged up 0.07% to 4,058.95, with the CSI 500 up 0.82% at 6,640.40 and the CSI 1000 up 1.08% at 6,570.03.
TREE NEWS reports: The ChiNext Index rose 1.49% at the midday close on November 10, leading gains among major Chinese indices as AI comic and robotics concept stocks rallied. Nearly 10 AI comic-related stocks hit the daily limit, while robotics shares including Fenglong and Fulaixin remained active. Shanghai Composite edged up 0.06% and the Shenzhen Component gained 0.76%, with about 3,900 stocks advancing and morning turnover reaching 968.3 billion yuan.
TREE NEWS update: Zhejiang Qingtianchao Embodied Intelligent Technology Co., Ltd. has been established with registered capital of 12 million yuan and legal representative Deng Feng, business registry data show. The company is jointly held by Qingtianzu (Shanghai) Technology Co., Ltd. and Hangzhou Qiantang New Area Sci-Tech Group Co., Ltd. Its business scope covers intelligent and industrial robot sales, robot R&D, machinery leasing and AI application software development.
TREE NEWS update: A magnitude 3.0 earthquake struck Feidong County in Hefei, Anhui Province, at 10:54 a.m. on November 10. The epicenter was located at 31.99 degrees north latitude and 117.60 degrees east longitude, with a focal depth of 10 kilometers.
TREE NEWS reports: Israeli Prime Minister Benjamin Netanyahu has been calling U.S. President Donald Trump every day to press for a renewed military strike on Iran, the Financial Times reported on Nov. 10, citing a diplomat said to have taken part in the discussions. The diplomat said opponents of war inside and outside the White House are trying to block the move, while regional leaders have urged Netanyahu not to escalate and to prioritize negotiations. Those leaders were said to be shocked by his persistent lobbying.
TREE NEWS reports: PetroChina shares fell more than 5% as Chinese oil and gas stocks traded lower on the day. CNOOC, China Oilfield Services, Zhongman Petroleum, Keli Co. and Offshore Oil Engineering Co. also declined. The move reflects broad weakness across the sector.
TREE NEWS update: Beijing issued special-purpose local government bonds across seven tranches, including a 2-year note of 250 million yuan at a 1.2200% yield and a 3-year tranche of 12.33 billion yuan at 1.2400%. The 5-year tranche totaled 3.327 billion yuan at 1.3200%, while the 10-year, 15-year and 20-year tranches were priced at 1.6000%, 1.8800% and 2.1100% respectively. Bid-to-cover marginal multiples ranged from 1.27 to 2.22 times.
TREE NEWS update: The Export-Import Bank of China issued a 1-year bond worth 13 billion yuan on Wednesday, with a coupon rate of 1.2700%, matching expectations. The bid-to-cover ratio was 3.09 times, and the marginal bid ratio was 1.14 times.
TREE NEWS update: China’s National Development and Reform Commission said it will enrich consumer offerings for the elderly, including more tourism trains and cruise products for senior travelers. At a press conference on improving public wellbeing under the 15th Five-Year Plan, NDRC price department deputy director Zhang Luqin said the government will support more cultural performances for older people and build high-quality senior living and tourism destinations.