TREE NEWS update: Hong Kong lawmakers passed a bill implementing the OECD’s Crypto-Asset Reporting Framework into local law, with the vote held weeks before data collection begins in 2027. Crypto service providers will start gathering user information next year, and cross-border sharing of that data is set to begin in 2028.
TREE NEWS reports: ASML Holding dropped 7.9% on Thursday. The decline marks a sharp single-session move for the Dutch semiconductor equipment maker. No specific catalyst for the drop was immediately identified in the available material.
TREE NEWS reports: Meta Platforms shares fell 5.7% on Wednesday, touching their lowest intraday level in roughly two months. The drop extends a recent slide in the stock and marks one of its sharpest single-session declines of the period. No specific catalyst for the move was cited in the material.
TREE NEWS reports: Propylene futures fell 5.53% in China’s night trading session, while LPG, plastics and polypropylene declined by up to 4.46%, fuel oil dropped 1.56% and PTA slipped 0.56%. Iron ore rose 0.44%, coking coal gained 1.68%, low-sulfur fuel oil added 1.72% and coke climbed 2.8%.
TREE NEWS reports: Nvidia fell 7.3% intraday, its largest drop since April 2025, as a broad selloff hit U.S. stocks. The VIX volatility index jumped 40% to 23.28, the S&P 500 fell 2.4%, the Dow dropped more than 700 points (over 1.3%), and the Nasdaq sank more than 1,000 points (over 3.9%). The Nasdaq 100 lost 1,300 points (over 4.5%) and the semiconductor index fell about 900 points, or 8.7%.
TREE NEWS update: The US Energy Information Administration will release its weekly natural gas storage report at 23:30 Beijing time. The report is a key indicator of supply and demand in the US natural gas market, and traders watch it for inventory changes that can move prices.
TREE NEWS update: Fitch Ratings has revised the rating outlook on 30 French government-related entities to negative. The move covers a broad group of entities tied to the French state. No further details on the affected entities or the rationale were provided.
TREE NEWS reports: The US 10-year Treasury yield dropped more than 3 basis points, approaching 4.85% and its intraday low of 4.8347% set at 11:46 Beijing time, after falling sharply from a session high of 4.9168% at 22:29, as a selloff in chip stocks drove investors toward safe havens. Spot gold fell $8.5 an ounce within five minutes to $4,112.2 an ounce. The VIX volatility index rose 36.5% on the day to 22.63, while the S&P 500 was down more than 2.1%.
TREE NEWS reports: Bloom Energy shares fell 18%, the steepest intraday decline since June 26, as chip stocks sold off following the U.S. midterm elections. The slump reflects investor concerns over the outlook for the AI data-center power supply market.
TREE NEWS update: Federal Reserve official Hammack said reducing the Federal Open Market Committee’s annual policy meetings from eight to six would be a modest change. The remark addresses the frequency of FOMC rate-setting gatherings, which currently stand at eight per year. Hammack did not elaborate on timing or implementation in the statement.
TREE NEWS reports: The Nasdaq Composite has fallen more than 10% from its record closing high set on October 6, putting the index in correction territory. The decline marks a sharp pullback for the tech-heavy benchmark since that peak.
TREE NEWS reports: Anthropic analyzed 207,000 Claude conversations to examine how artificial intelligence is being used in scientific research. The study focuses on real-world usage patterns across those sessions, offering a data-driven look at AI’s role in research workflows. No further findings or figures were disclosed.
TREE NEWS reports: Democratic wins in congressional and state gubernatorial races have raised the threshold for data center companies seeking to go public, as investor discontent over AI infrastructure growth weighs on the sector. Shares of so-called neocloud service providers plunged, with investors and management teams reassessing risks of higher costs and construction delays. The volatility also hit chipmaker Nvidia and power providers including GE Vernova ahead of potential listings by temporary power provider Aggreko Inc. and SB Energy Inc., an AI infrastructure developer backed by SoftBank Group Corp.
TREE NEWS update: Democrats in the U.S. Congress plan to investigate JPMorgan Chase’s relationship with Jeffrey Epstein once they take control of the Senate, the party’s lawmakers said. The probe would examine the bank’s dealings with the late financier, a scrutiny that follows earlier litigation over the ties. No timeline or committee assignment was specified.
TREE NEWS reports: Meta Platforms fell 3.3%, Amazon dropped 1.2% and Microsoft declined 2.1% as major US technology stocks moved lower. The three companies are among the largest constituents of major US equity indexes, and the declines mark a down session for big tech shares.
TREE NEWS reports: DeepSeek Harness reported 1.54 million daily active users as of Nov. 4, counting only users of its official API, with daily token consumption of about 92 trillion. The figures were disclosed by the company’s own WeChat account. No comparison with prior periods or revenue details were given.
TREE NEWS update: Binance has revoked every API key linked to SignalPlus and told users to check their positions and orders, the exchange said. Binance added that its own systems and user funds were unaffected. Neither Binance nor SignalPlus has disclosed what prompted the revocation or whether any users lost money.
TREE NEWS reports: Nvidia shares dropped 5.6% on Wednesday, touching their lowest intraday level since April. The decline marks the chipmaker’s steepest intraday pullback in months, with no specific catalyst cited in the material.
TREE NEWS reports: Tesla shares extended losses to 10% on Monday, while SpaceX, the space exploration company owned by Elon Musk, fell 7.5%. The moves mark a sharp selloff across Musk’s business empire, with both companies declining in the same session. No cause for the drops was given in the material.
TREE NEWS update: Chile’s state-owned copper producer Codelco reported a tailings leak at its Andina Division. The company disclosed the incident without providing further details on the volume of material released or the impact on operations. Andina is one of Codelco’s major copper mining divisions.