TREE NEWS update: A special committee appointed by President Trump has rescheduled the hearing for Federal Reserve Governor Lisa Cook to Dec. 14, a White House official said. The postponement was made at Cook’s request, the official said.
TREE NEWS reports: South Korea’s Seoul Composite Index fell as much as 8.8% and dropped below the 5,000-point level, triggering a circuit breaker. The Nikkei 225 also slid below 60,000 points for the first time since May. The sharp declines mark a broad selloff across major Asian equity benchmarks.
TREE NEWS reports: South Korea’s benchmark KOSPI index fell 8.1% on Monday, bringing it close to the threshold that would trigger a trading suspension. The sharp decline puts the index near the level at which exchange rules allow for a temporary halt in trading.
TREE NEWS reports: South Korea’s benchmark KOSPI index dropped more than 5%, the sharpest single-day decline in the index’s recent trading. The move marks a broad selloff in Seoul equities, with the index falling past the 5% threshold in the session.
TREE NEWS update: MicroStrategy chairman Michael Saylor warned at the OranjeBTC summit that AI-powered hackers, not flaws in Bitcoin, are the crypto industry’s new threat following the Binance hack. He said advanced AI models sharply boost attackers’ capabilities, targeting rushed, under-tested new software. Saylor urged exchanges, banks and custodians to scan their systems daily with frontier AI models, adding that Bitcoin itself is robust but poorly built digital commerce software will be breached.
TREE NEWS reports: Japan’s Nikkei 225 opened 1.2% lower, while South Korea’s Kospi Composite opened down 2.2%. The declines mark a weak start to the trading session for both Asian benchmarks.
TREE NEWS update: China is set to issue or is currently issuing local government bonds. The material does not specify the size, maturity or pricing of the offerings. No further details on the issuers or timing were provided.
TREE NEWS reports: Major investors are increasingly doubtful that Anthropic’s IPO can proceed at its targeted roughly $1.5 trillion valuation, following a sharp selloff in AI-related stocks. Three investors planning to participate said the valuation may need to be cut, with one pointing closer to $1 trillion, and some questioned whether the listing will be delayed. Anthropic executives and advisers are expected to meet in the coming days to discuss the IPO, which had been planned for the week before Thanksgiving to raise up to $100 billion.
TREE NEWS reports: Bitcoin miner-turned-AI cloud provider IREN (NASDAQ: IREN) reported fiscal 2027 first-quarter results for the period ended Sept. 30, 2026, with total revenue up 66% quarter-on-quarter to $228 million. AI cloud revenue rose 182% QoQ to $200 million at an 86% gross margin, while Bitcoin mining revenue fell to $28 million from $67 million. Net loss narrowed to $263 million and adjusted EBITDA was $66 million. Co-CEO Daniel Roberts said the over-$4 billion ARR target is fully contracted and funded, but delayed from end-2026 to January 2027.
TREE NEWS update: Japan’s Minister of Economy, Trade and Industry Ryosei Akazawa said the US election will not immediately affect the tariff agreement. The remark indicates that Tokyo expects existing tariff arrangements to hold regardless of the election outcome. No further details were provided.
TREE NEWS reports: Samsung Electronics and SK Hynix both fell more than 10% in early trading Friday on Korea’s Nextrade exchange, as AI concerns intensified after the U.S. midterm elections. KOSPI 200 index futures dropped 7.9%, and ETFs tracking Korean stocks fell 13% overnight. In Japan, CME December Nikkei 225 futures traded at 57,255 as of 8:02 a.m. Tokyo time, about 6.26% below Thursday’s close of 61,077.90.
TREE NEWS reports: Foreign investors bought a net ¥1,129.3 billion of Japanese stocks in the week to October 30, down from ¥1,180.9 billion in the previous week. The figure marks a second straight week of net buying by overseas investors, though at a slightly slower pace than the prior period.
TREE NEWS reports: Nikkei 225 futures fell 7% in early trading, a sharp single-session drop for the Japanese equity benchmark’s derivatives. The move reflects heavy selling pressure on Japan’s blue-chip index before the cash market opened. No further details were immediately available.
TREE NEWS update: Japan’s Finance Minister Satsuki Katayama said the government will disclose the funding source for its tax cuts during the budget formulation process. The remark indicates the funding mechanism will be specified as the budget is drafted, without providing a timeline or the size of the tax reduction.
TREE NEWS reports: The Nasdaq Composite fell 5.52% on Thursday, its biggest one-day drop in 19 months, as a broad selloff hit technology stocks. The S&P 500 and Dow Jones also fell sharply, with all three major indexes posting their largest daily declines since April 2025. The S&P 500 lost about $2.9 trillion in market value, the Nasdaq $2.5 trillion, and the Magnificent Seven tech giants roughly $1.04 trillion combined.
TREE NEWS reports: Japan’s 10-year government bond yield fell 5.5 basis points to 2.7% on Thursday. The move lower in the benchmark yield reflects the latest trading in Japanese sovereign debt.
TREE NEWS update: Texas Governor-elect Gina Hinojosa said data center construction must stop until measures are found to protect Texans’ safety, adding that she does not hate data centers but hates the space they occupy. She said the state can build a strong partnership with Elon Musk and his companies on its own terms.
TREE NEWS reports: Hedge fund Vara’s net asset value fell 33% in October, dragged down by a sharp selloff in AI technology stocks. The decline marks one of the fund’s steepest monthly drops, as the October slump in AI-linked equities hit its portfolio. No further details on the fund’s holdings or performance were disclosed.
TREE NEWS update: South Korea said it will closely monitor financial markets following the U.S. midterm elections. The announcement signals heightened official vigilance over market conditions in the wake of the vote, though no specific measures or market concerns were detailed.
TREE NEWS update: Donald Trump said a decision on the Iran war is imminent following a meeting with his advisers. The U.S. president gave no further details on the timing or content of the decision. The remark signals a potential escalation in the conflict.