TREE NEWS reports: The SOX semiconductor index has fallen 38% from its June 22, 2026 high to 9,011 points as of November 5, exceeding the 32% average peak-to-trough decline of the past four downturns, BofA analysts led by Vivek Arya said. They expect the indiscriminate selling to end in early 2027, noting SOX declines have historically led semiconductor sales drops by six to nine months. The index trades at 13.7x forward earnings versus 17.7x for the S&P 500.
TREE NEWS reports: UBS CEO Sergio Ermotti said the sharp pullback in AI-related stocks over recent weeks reflects investors’ overly high expectations for the sector. Speaking at a UBS conference in Sydney, he said the recent US midterm election results and global debate over infrastructure buildout could delay the industry’s expected outcomes. While optimistic AI will ultimately deliver positive economic results, Ermotti said the pace of progress has been somewhat exaggerated.
TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) rose 3.10 basis points to 1.3140%. The seven-day SHIBOR gained 1.50 basis points to 1.3610%, while the three-month rate edged up 0.18 basis points to 1.3998%.
TREE NEWS reports: Nvidia shares fell about 3.5% in after-hours trading on the Blue Ocean ATS platform, while the Nvidia perpetual contract on Hyperliquid dropped roughly 3%. The declines were reported without a stated cause or further context.
TREE NEWS reports: Indonesia’s benchmark stock index extended its intraday gain to 1% on the day. The move marks a session of firm buying across the market, with the index holding the advance. No further details on drivers or constituent performance were disclosed.
TREE NEWS update: A US flight scheduled to deport Iranian citizens was abruptly cancelled on the morning of November 8, with the reason unclear. At least eight Iranian citizens had boarded the flight in Arizona, which was to travel via Georgia and Pakistan to Iran. Court filings showed the Trump administration still planned third-country deportations of Iranians as of mid-October. The Department of Homeland Security declined to comment on specific removal operations.
TREE NEWS update: President Donald Trump said on November 8 he has not discussed the matter with Jensen Huang but considers him “a good person,” and that he is willing to bring the Nvidia CEO on his upcoming Asia trip. Asked whether Huang would join the delegation, Trump said he was not yet sure. Huang earlier that day admitted in a letter to employees to being unfaithful to his wife, saying he takes full responsibility and accepts criticism.
TREE NEWS reports: Zcash (ZEC), a privacy-focused cryptocurrency and blockchain launched in 2016, allows users to make both public and private transactions. Shielded transactions use zero-knowledge proofs called zk-SNARKs to verify payments without revealing the sender, recipient or amount. The network has emerged as one of the notable privacy coins in the crypto market.
TREE NEWS reports: The MMLC battery-grade lithium carbonate midpoint price for the morning session stood at 92,950 yuan per tonne, down 850 yuan from the previous day’s 16:30 level, Shanghai Metals Market data showed. The move marks a lower opening reference for the battery material used in lithium-ion cells.
TREE NEWS update: China’s State Council Tariff Commission said it will continue to suspend the additional 24% tariff on US-origin imports for two months from 13:01 on Nov. 10, 2026, while retaining the 10% rate. The adjustment, approved by the State Council, implements the consensus reached at the Washington meeting between the Chinese and US heads of state and modifies measures set out in Tariff Commission Announcement No. 4 of 2025.
TREE NEWS reports: Japan’s Nikkei 225 and Topix indices each gained 3.4% by the morning session close, extending a sharp rally in Tokyo equities. The two benchmarks moved in lockstep, with both posting identical percentage gains at the midday break. No further detail on individual sectors or drivers was provided in the market update.
TREE NEWS reports: TSMC shares rose 6% in Taipei trading. The move marks a sharp single-session gain for the Taiwanese chipmaker, whose stock is closely watched as a bellwether for global semiconductor demand and AI-related hardware spending.
TREE NEWS update: US Secretary of State Marco Rubio said on November 8 that diplomatic efforts to end the Iran conflict have had limited effect. He said Iran’s demands are “not only unacceptable, but in some cases simply unrealistic.” Rubio did not elaborate on the specific demands or the status of ongoing talks.
TREE NEWS update: President Trump said Americans hold an ‘incredible dislike’ of Israel and that this was one of the main reasons Republicans lost the midterm elections, in an interview aired on CBS on November 8. Trump made the remark while discussing the causes of the Republican Party’s midterm defeat on the network’s program.
TREE NEWS reports: A whale trader on Hyperliquid saw a 56,667-ETH long position fully liquidated, with two tracked accounts showing lifetime losses of about $44.8 million. The trader had previously cut exposure from 93,184 ETH before the position was wiped out.
TREE NEWS reports: Robot-concept stocks in China rose in volatile trading, with Guangyang Co., Taier Co. and Fule New Materials hitting their daily limit-up. Unitree Robotics, Shangwei New Materials and Jiangsu Leili gained more than 10%.
TREE NEWS update: US President Donald Trump will meet Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani at the White House at noon on November 9. The Qatari prime minister is a key mediator between the United States and Iran. On November 7, he said Qatar’s mediation efforts were continuing and that Washington remained willing to pursue a solution on the Iran issue after the midterm elections.
TREE NEWS reports: Wentou Holdings hit its daily limit up on Monday, while Shanghai Film surged toward the same cap, as film and AI comic drama concept stocks extended their rally. Xingfu Lanhai, Bona Film Group, Huace Film & TV and Jiecheng Shares also rose alongside them. The material gave no further details.
TREE NEWS reports: The average residential rent across 50 Chinese cities stood at 33.87 yuan per square meter per month in October, down 0.28% from September and 2.02% year on year, according to the China Index Academy’s 50-city residential rental price index. The year-on-year decline narrowed by 0.21 percentage points from September. The average rent-to-price ratio rose to 2.31%, up 0.33 percentage points from early 2023.
TREE NEWS reports: China’s core consumer price index, which strips out food and energy, rose 0.8% year on year in October, the National Bureau of Statistics said. The gain was 0.2 percentage points slower than the previous month’s pace.