TREE NEWS reports: Potential investors in Anthropic’s IPO are skeptical the company can begin its roadshow next week and list in November as planned, people familiar with the discussions said. Investors are demanding a more attractive valuation before subscribing, with some viewing the recently discussed $1.5 trillion valuation as at the high end of expectations. They are also awaiting Anthropic’s October revenue figures to gauge whether it has reversed a slowdown in growth over recent months. Anthropic declined to comment.
TREE NEWS reports: E Fund ChiNext ETF (1599915) and ChinaAMC STAR 50 ETF (588000) each exceeded RMB 5 billion in turnover. The two dual-innovation-focused funds, which track the ChiNext and STAR Market benchmarks respectively, drew combined trading value above RMB 10 billion. The figures point to heavy investor activity in China’s growth-board ETFs.
TREE NEWS update: MSCI Chairman Henry Fernandez said Friday the index provider needs to see South Korea implement regulatory changes in practice before considering an upgrade to developed-market status. Speaking at a conference in Seoul, Fernandez said progress has been made on rules and regulations but that these measures must be seen working on the ground, adding that cooperation is needed to push all parties across the finish line and speed up the process.
TREE NEWS update: China’s autumn grain harvest has passed 90% completion and a bumper crop is now assured, the Ministry of Agriculture and Rural Affairs said, citing its latest agricultural monitoring. Autumn grain accounts for about three-quarters of the country’s annual grain output. The ministry said 20 cities were newly designated for large-scale yield-improvement programs this year, and in Tongliao, Inner Mongolia, 4.07 million mu of test plots reached ‘ton-grain field’ yields.
TREE NEWS update: Taiwan’s National Stabilization Fund has not ruled out the possibility of convening a meeting. No date, market trigger or decision was specified in the disclosure. The fund, which is authorized to intervene in Taiwan’s stock market during periods of sharp volatility, gave no further details on the timing or purpose of any potential meeting.
TREE NEWS reports: Chinese agricultural stocks rebounded sharply on Thursday, with Wanxiang Doneed touching the daily limit-up. Qiule Seed Industry rose more than 9%, while Kangnong Seed, Shennong Seed, Dunhuang Seed and Nongfa Seed followed higher. The move marked a rapid recovery for the sector after recent weakness.
TREE NEWS reports: Hong Kong’s Exchange Fund posted investment income of HK$18.6 billion in the third quarter, driven by HK$9.1 billion from Hong Kong equities and HK$300 million from bonds. Over the first nine months of the year, the fund’s investment income totaled HK$171.9 billion.
TREE NEWS reports: China’s A-share solar sector rallied against the broader market trend, with Yongzhen Co. locking in a fourth consecutive daily limit-up. Beiteli and Shichuang Energy each rose more than 10%, while Youli Intelligent, Jingang Photovoltaic, Saiwu Technology and Junda Co. also gained.
TREE NEWS reports: Chinese semiconductor stocks fell broadly, with Puya Semiconductor, Heling Micro-Nano, Chipsea Technology and Montage Technology each dropping more than 10%. Junzheng, Bright Power Semiconductor, Centec Networks and GigaDevice declined more than 8%. The material did not specify the date or the cause of the selloff.
TREE NEWS reports: China’s treasury bond futures opened higher on the latest trading session, with the 30-year main contract up 0.17%. The 10-year main contract rose 0.05%, the 5-year gained 0.04% and the 2-year edged up 0.01%, pointing to firmer demand across the curve at the open.
TREE NEWS reports: Computing hardware shares opened lower in China on the session, with Dongshan Precision, Cambridge Technology and AoHong Electronics hitting the daily limit-down. Zhongji Innolight, Eoptolink, Tianfu Communication, Xunjiexing and Mankun Technology each fell more than 10% at the open.
TREE NEWS reports: The Shanghai Composite opened at 3612.15 on Thursday, down 2.11%, as Chinese equities fell sharply at the open. The Shenzhen Component dropped 3.72% to 11044.56, the ChiNext Index fell 4.99% to 2438.72 and the STAR 50 lost 5.05% to 1221.67. The CSI 300 opened 2.32% lower at 4017.94, while the CSI 500 and CSI 1000 fell 3.39% and 3.55% respectively.
TREE NEWS update: The People’s Bank of China conducted 226 billion yuan of overnight reverse repo operations at a rate of 1.25% on Friday. The central bank drained a net 1.523 trillion yuan from the banking system this week, the largest weekly net withdrawal in three months.
TREE NEWS reports: Hong Kong’s Hang Seng Index opened at 24,404.62 points on Thursday, down 1.58%, while the Hang Seng Tech Index fell 3.11%. Lenovo Group dropped more than 9%, and Zhipu, Hua Hong Semiconductor and Tianshu Zhixin each fell over 8%. NIO and MINIMAX declined more than 7%.
TREE NEWS update: US Secretary of State Marco Rubio on Monday denied reports that he plans to leave his position to run for president, saying he will remain in the role until the end of the current administration’s term. The statement, reported by Chinese state broadcaster CCTV citing US sources on the 5th of the month, comes amid speculation about his political future.
TREE NEWS reports: The People’s Bank of China set the yuan’s daily midpoint at 6.7168 per dollar on the latest fixing, 12 pips weaker than the previous day’s 6.7156. The prior session’s official onshore close was 6.6710, while the overnight session ended at 6.6680.
TREE NEWS update: China’s Ministry of Industry and Information Technology issued a notice strengthening network access management for intelligent agent terminal devices. The document targets the regulatory requirements governing how such devices connect to telecommunications networks, though the notice provides no further detail on specific measures or an implementation timeline.
TREE NEWS reports: Singapore’s Straits Times Index opened 2.7% lower on the session. The drop marks a weak start for the benchmark, which tracks the city-state’s largest listed companies. No further details on the drivers of the decline were immediately available.
TREE NEWS reports: Taiwan’s TAIEX weighted index opened down 8% at 38,245.00 points, with Taiwan Semiconductor Manufacturing Co. (TSMC) falling 9.8% at the open. The New Taiwan dollar also weakened past the 33 level against the US dollar, the first time since April 2025.
TREE NEWS reports: LU fuel oil futures rose more than 3% at the open of Chinese commodity trading, while coke, Shanghai nickel and rapeseed meal each gained over 2%. Propylene fell more than 5%, and polyethylene, Shanghai tin, liquefied petroleum gas and polypropylene each dropped more than 3%.