TREE NEWS update: The WTO’s flagship World Trade Report 2026 was discussed and its Chinese edition released at a sub-forum of the ninth Hongqiao International Economic Forum in Shanghai on Monday morning, with more than 200 representatives from the WTO Secretariat and domestic and international political, business and academic circles attending. Delegates exchanged views on the annual report.
TREE NEWS update: China’s National Health Commission completed registration on Nov. 5 for a clinical study titled “Safety and Feasibility of SCS Combined Non-Invasive Brain-Controlled Hybrid Exoskeleton Training for Lower Limb Motor Impairment in Chronic Stroke.” It is the first non-invasive brain-computer interface clinical research project registered nationwide since the Biomedical New Technology Clinical Research and Translation Application Management Regulations took effect in May 2026, moving the technology into standardized clinical research.
TREE NEWS reports: IREN’s mining revenue dropped 58% while AI sales reached $200 million, the bitcoin miner said. The company aims to substantially complete its mining transition by December, with its $4 billion AI revenue run-rate target moving into early 2027.
TREE NEWS reports: Cloudflare reported fiscal 2026 third-quarter revenue of $782.5 million, up 39% year over year and above the roughly $736.8 million consensus, with adjusted EPS of $0.38 versus $0.34 expected. The company guided fourth-quarter revenue to $845-846 million and raised its full-year outlook to $2.963-2.964 billion from $2.864-2.870 billion. Shares fell about 8.3% in regular trading on November 5 before rising as much as 17% after hours.
TREE NEWS reports: Taiwan’s TAIEX weighted index closed down 4.5% at 39,701.64 points, putting it 20% below its October 6 high and into a technical bear market. The drop marks a formal correction threshold for the benchmark.
TREE NEWS reports: Chinese bank stocks rose against the broader market trend in afternoon trading, with Shanghai Rural Commercial Bank gaining more than 4%. China Construction Bank, Bank of Jiangsu, Bank of Nanjing and Bank of Suzhou also advanced. No specific figures or reasons for the move were given.
TREE NEWS update: China’s electricity demand is expected to grow by about 600 billion kWh annually during the 15th Five-Year Plan period, equivalent to adding three Shanghai-sized loads each year, the National Energy Administration said at a National Development and Reform Commission press conference. Driven by emerging industries including computing power, demand will remain rigidly increasing, and China will strengthen its power supply capacity, the NEA official said.
TREE NEWS update: China’s Ministry of Civil Affairs, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Commerce, State Administration for Market Regulation and National Aging Office issued measures to boost consumption of age-friendly products, calling for accelerated use of embodied AI, large language models, brain-computer interfaces and exoskeletons in elderly care. The measures, tied to national science and technology programs, target R&D upgrades for smart devices covering disability care, rehabilitation and companionship for seniors.
TREE NEWS reports: Runjian Co. surged to its daily limit in afternoon trading in China’s A-share market, leading a rally in computing power leasing concept stocks. Oya Co., Dongfang Guoxin, Tianyi Ma, Qingyun Technology and GCL Energy Technology also rose, with the sector showing localized movement during the session.
TREE NEWS update: Coinbase said it holds more than 99% of customer assets offline, while Gate reported 88.26% of its total assets are kept in cold storage, as exchanges disclosed their cold-storage ratios following an attack on Binance. The disclosures come as exchanges detail how much of their holdings sit outside internet-connected wallets.
TREE NEWS update: Luxshare Precision, Zhongji Innolight, Eoptolink, TFC Optical and Dongshan Precision all rose in afternoon trading on the A-share market after the companies said at midday they would fully use policy tools to safeguard company value and investor interests. The joint statement came as the five companies moved higher together in the afternoon session.
TREE NEWS update: The Chinese edition of the 2026 World Trade Report was released on November 6 at a sub-forum of the ninth Hongqiao International Economic Forum. Ma Jianchun, president of the China Society for World Trade Organization Studies, said the report’s simulations warn that unchecked trade fragmentation could cost the world potential economic gains equal to 5% to 10% of global real GDP by 2050. He called for repairing and upgrading the WTO-centered multilateral framework.
TREE NEWS update: Mitsubishi Heavy Industries said it will repurchase up to ¥300 billion of its own shares. The Japanese industrial group disclosed the buyback program without specifying a timeframe or further terms. The figure represents one of the larger share repurchases announced by a Japanese industrial conglomerate.
TREE NEWS reports: A technology-stock selloff swept Asia-Pacific markets, with ChiNext down 3.5% at midday and more than 4,500 stocks declining across China’s market. South Korea’s KOSPI briefly fell nearly 9%, triggering a circuit breaker, while Japan’s Nikkei 225 dropped as much as 6%. Hong Kong’s Hang Seng fell 1.06% and the Hang Seng Tech Index 1.75%, with MINIMAX and Zhipu each down more than 8%.
TREE NEWS update: Japan’s Foreign Ministry lodged a protest with Russia’s ambassador in Tokyo on May 6 over Russia’s temporary takeover of Japanese corporate assets in Russia. Hitoshi Nakamura, director-general of the ministry’s European Affairs Bureau, told Ambassador Nikolay Nozdryov that Japan demands the decision be revoked.
TREE NEWS reports: IREN’s bitcoin mining revenue dropped 58% as the company plans to fully exit the business by year-end, shifting focus to AI infrastructure. AI cloud revenue rose 182% in the past quarter to $200 million. The figures were disclosed alongside the firm’s planned exit from bitcoin mining.
TREE NEWS update: The US October nonfarm payrolls report, including payrolls, the unemployment rate and average hourly earnings, is scheduled for release at 21:30 Beijing time. Canada’s October employment and unemployment figures are due at the same time. New York Fed President Williams, St. Louis Fed President Musalem, Fed Governor Bowman and San Francisco Fed President Daly are also set to speak during the day.
TREE NEWS reports: Hong Kong Exchanges and Clearing (HKEX) reported revenue and other income of HK$4.29 billion from the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect for the nine-month period. The figure covers the combined northbound and southbound trading links over the first three quarters of the year.
TREE NEWS update: Democrats won control of both chambers of Congress in the Nov. 3 midterms, with the new Congress sworn in on Jan. 3, 2027. Senator Sherrod Brown, a longtime crypto critic, reclaimed his Ohio seat with 48.6% to 46.5% over Republican Jon Husted. The CLARITY Act, which passed the House 294-134 in July 2025, stalled in the Senate at 49-50 on Sept. 15 and now faces a harder path under Democratic committee chairs.
TREE NEWS reports: Hong Kong Exchanges and Clearing reported third-quarter net profit of HK$4.86 billion, below the HK$5.03 billion estimate. Revenue and other income for the quarter came in at HK$7.87 billion against a forecast of HK$8.0 billion, while EBITDA was HK$6.20 billion versus an estimated HK$6.35 billion. All three key metrics fell short of consensus.