Flash News

TREE NEWS reports: Brent crude oil fell to its intraday low, down about 0.08% and trading near $98 a barrel. The move marked a modest pullback in the benchmark’s price during the session.

TREE NEWS reports: US spot Bitcoin and Ether ETFs recorded a combined $530 million in outflows on Thursday, as Bitcoin dropped below $76,000 and US stocks fell. The retreat erased gains tied to the post-election rally.

TREE NEWS update: Dan Bin, founder of Chinese private fund manager Dongfang Harbor, confirmed on Weibo on the evening of Nov. 4 that some of his firm’s products had suffered steep net asset value losses, after screenshots of the drawdown spread on social media. The losses followed a sustained deep correction in the AI sector that has hit NAVs across multiple private funds. Dan did not disclose specific figures in the confirmation.

TREE NEWS update: Jiangxi Copper Chairman Zhou Shaobing proposed a buyback of the company’s A-shares via centralized bidding, with total funds of no less than 300 million yuan and no more than 500 million yuan. The maximum repurchase price is capped at 150% of the average price over the 30 trading days before the board approves the resolution. The buyback period is within three months from board approval.

TREE NEWS update: Macau’s Court of First Instance on the 6th publicly sentenced local resident Ao Kam-san to 12 years and 6 months in prison after convicting him of a crime endangering national security. The court handed down the verdict in the criminal case, which involved charges under Macau’s national security law.

TREE NEWS update: China’s draft amendment to the Tax Collection and Administration Law was released for public comment, comprising six chapters and 100 articles. The draft adds 13 articles, deletes 7 and modifies 75 compared with the current law, while keeping its basic chapter structure. The revision aims to adapt to new economic forms, implement tax statutory principles, support personal income tax reform and strengthen taxpayer rights protection.

TREE NEWS update: Trust Wallet has warned that the DarkSword and Coruna exploits target older iOS versions to access wallet data, with an iPhone wallet theft probe tracing $4.06 million in TRON drains. The exploits abuse vulnerabilities in the operating system rather than flaws in wallet apps themselves, the company said. The probe links the attacks to the two exploit families.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Navy said on the 6th that two oil tankers struck mines and caught fire after attempting to pass through routes in the Strait of Hormuz without Iranian authorization. One tanker was in the eastern part of the strait and the other inside it, the IRGC Navy said. The statement did not specify the tankers’ flags, owners or the extent of damage.

TREE NEWS update: JD Health will sign agreements with more than 20 global pharmaceutical and health brands at the 9th China International Import Expo in Shanghai, CEO Cao Dong said, naming Pfizer, Merck, Novo Nordisk, Takeda, Boehringer Ingelheim, Haleon’s Sino-American SmithKline, Novartis and Leo Pharma among the partners. JD Health already works deeply with the world’s top 50 multinational drugmakers. In the first three quarters of 2026, the platform launched more than 100 new drugs online, exceeding all of last year.

TREE NEWS reports: Chinese open-source large language models captured 89% of US enterprises’ spending on open-source AI models. Kimi accounted for 61% of that spending and DeepSeek 15%, ranking first and second respectively.

TREE NEWS reports: Hong Kong stocks closed lower, with the Hang Seng Index down 1.27% and the Hang Seng Tech Index down 1.83%. Tech shares sold off broadly: Victory Giant Technology and Zhongji Innolight each fell nearly 9%, while GigaDevice dropped more than 7%. Large-model stocks also declined, with Zhipu down over 10% and MINIMAX down more than 8%.

TREE NEWS update: Pfizer said China’s National Medical Products Administration approved a new indication for marstacimab, marketed as Youruining, for routine prophylaxis in patients aged 12 and older weighing at least 35 kg with hemophilia A with factor VIII inhibitors or hemophilia B with factor IX inhibitors. The drug is the world’s first non-factor therapy given as a fixed weekly subcutaneous dose.

TREE NEWS update: The mining safety regulator of Ejin Horo Banner in Ordos, Inner Mongolia, ordered the Anyuan coal mine, operated by Ejin Horo Banner Anyuan West Coal Co., to suspend operations for rectification after safety hazards were found. The administrative penalty was announced under Article 49 of the Coal Mine Safety Production Regulation, State Council Decree No. 774.

TREE NEWS update: China’s Central Cyberspace Affairs Commission has issued a notice launching a two-month nationwide campaign to crack down on online rumors related to science popularization and health, the Cyberspace Administration said. The campaign, titled “Qinglang: Rectifying Science and Health Online Rumors,” targets false information in these fields. The notice did not specify which platforms or accounts would be targeted or what penalties would apply.

TREE NEWS update: Li Biao, former head of the Guangxi Sericulture Technology Promotion Station, has been repatriated to China after being apprehended abroad, state broadcaster CCTV reported. The operation was coordinated by the central anti-corruption office for international fugitive pursuit and asset recovery, with Guangxi supervisory and public security organs working with law enforcement in the relevant country. Li had fled China while under investigation for duty-related crimes.

TREE NEWS reports: European equities opened broadly lower on the session, with the Euro Stoxx 50 down 1.1%, Germany’s DAX down 1.3% and the UK’s FTSE 100 down 1.2%. All three major benchmarks fell at the open, pointing to a weak start across the region’s main markets.

TREE NEWS update: Chinese President Xi Jinping met Austrian Chancellor Stocker at the Great Hall of the People in Beijing on the afternoon of November 6. Stocker was on an official visit to China. No further details of the meeting were disclosed.

TREE NEWS update: China’s National Financial Regulatory Administration and six other departments issued guidance on high-quality shipping insurance development, calling for a full-lifecycle risk management system for vessels. Shipbuilders and operators are urged to use insurance to spread risk, with high-value vessels such as oil tankers, LNG carriers and large container ships covered from design through disposal. The guidance also encourages insurance for green-fuel bunkering, battery replacement and cyber-risk coverage for autonomous ships.

TREE NEWS update: Bank of England Governor Andrew Bailey said the central bank could raise interest rates again if energy prices remain elevated. Bailey added that private-sector wage growth is at the upper limit of the inflation target range, and that he does not believe endogenous inflation has yet taken hold in the UK economy.