TREE NEWS reports: China’s public mutual fund industry held 39.32 trillion yuan ($5.5 trillion) in net assets at the end of September 2026, down 0.79% from August, data from the Asset Management Association of China showed. Total fund units rose to 33.98 trillion, indicating inflows even as net asset value slipped.
TREE NEWS update: US President Donald Trump said on the 5th that he still intends to keep Defense Secretary Pete Hegseth in his post despite receiving complaints about him. In an interview with ABC, Trump said, “I fully intend to keep him… you know, I get those calls about him.”
TREE NEWS update: OpenAI CEO Sam Altman said it is “fucking annoying” that his comments about idle home PC memory were taken out of context. The remark followed Elon Musk mocking Altman for saying idle home PC memory is “quite terrible.” Altman briefly renamed himself “Ram Altman” on X in response.
TREE NEWS reports: VeChain CEO Sunny Lu said blockchain provides the “perfect solution” for establishing trust in AI agents, arguing that agents need identity and reputation systems. Lu made the case while promoting VeWorld.ai, an agent-building platform. He did not specify a timeline or detail how the identity and reputation systems would work.
TREE NEWS update: China’s basic medical insurance enrollment reached 1.328 billion by September 2026, including 391 million employee-plan members and 937 million resident-plan members, Zhang Chenguang, deputy director of the National Healthcare Security Administration’s planning and finance department, said at a briefing on the insurance wallet 2.0 version. Enrollment has already exceeded full-year 2024 levels and will surpass 2025’s total, marking a second consecutive year of growth.
TREE NEWS reports: AI hardware stocks fell in Thursday’s US premarket session, with optical communications names broadly lower and Qualcomm down 12%. The Bank of England raised rates 25 basis points and forecast inflation rising to 5% next year, while a fire at a Panasonic copper-clad laminate plant put about 4% of global high-end CCL supply at risk. Microsoft reportedly canceled Nscale orders, and OpenAI said it will change how it advances data center projects.
TREE NEWS update: The Czech National Bank raised its key interest rate by 25 basis points to 4% on Wednesday, matching market expectations. The move lifts the benchmark rate to its highest level in the current cycle, with the central bank citing the need to keep inflation in check.
TREE NEWS update: Douyin has been removing an average of more than 10,000 staged or fake videos per day this year as it intensifies a crackdown on misleading content. The platform said it targets videos that fake vulnerability, stage conflicts or incite division, applying tiered measures including warning labels, reduced distribution and removal. It has also penalized more than 6,000 accounts in total.
TREE NEWS reports: Qualcomm’s premarket share decline widened to 12% on Wednesday. The chipmaker’s stock extended losses ahead of the opening bell, with no further details immediately available on the cause of the move. The drop marks one of the sharpest premarket declines for the company.
TREE NEWS reports: US nonfarm unit labor costs for the third quarter fell 0.7% in the preliminary reading, against expectations of a 0.4% increase and a prior reading of 1.2%. The decline marks a sharp swing from the previous quarter’s gain, pointing to weaker wage-driven cost pressure in the period.
TREE NEWS reports: US nonfarm business productivity rose at a 3.6% annualized rate in the third quarter, beating expectations of 2.7% and up sharply from 1.4% in the prior quarter. The stronger-than-expected reading points to improved output per hour across the US economy in the three months through September.
TREE NEWS reports: US initial jobless claims for the week ended October 31 came in at 189,000, below the 196,000 expected by economists and down from the prior week’s 194,000. The lower-than-expected reading points to continued tightness in the labor market.
TREE NEWS reports: Decentralized AI networks are pitching everyday smartphones as an alternative to centralized computing infrastructure, aiming to let users contribute idle device power to AI workloads. Skeptics remain doubtful about whether phone-based networks can deliver the performance and reliability such workloads require.
TREE NEWS update: Russian President Vladimir Putin signed a decree placing four factories of Japan Tobacco in Russia under the temporary control of Russian companies, Russian state news agency TASS and Japan’s NHK reported on November 5. The order transfers the plants to Russian firms for temporary management. No further details on the duration or scope of the takeover were given.
TREE NEWS update: Two Nasdaq-tracking ETFs, E Fund Nasdaq ETF (159696) and GF Nasdaq ETF (159941), will halt trading from market open on Nov 6, 2026, and resume at 10:30 that morning. Redemption services will continue as normal during the one-hour suspension. The notices did not specify a reason for the halt.
TREE NEWS update: The ninth China International Import Expo opened in Shanghai, with Deloitte China Chair Jiang Ying saying the event for the first time brought together the three national open-market brands—”Export to China,” “Buy in China” and “Invest in China”—linking import procurement, market distribution and onshore investment. Jiang said the expo’s spillover effects convert domestic market opportunities into shared Asia-Pacific growth momentum and provide practical support for regional and global economic recovery.
TREE NEWS update: The ninth China International Import Expo opened in Shanghai, with KPMG Asia Pacific and China Chairman Zou Jun saying the event has long served as a platform for Sino-foreign economic and trade dialogue. Zou said the expo reflects China’s push for institutional opening-up and shared development opportunities, and is not only a showcase for frontier technology but also a source of industrial and governance transformation.
TREE NEWS reports: Iran’s foreign minister and Jordan’s foreign minister held a phone call to discuss the regional situation, Iran’s state news agency IRNA reported. The call comes amid heightened tensions in the region. No further details of the discussion were disclosed.
TREE NEWS update: Nexchip announced it will join Hefei Construction Investment and Hefei Qinhe in increasing capital in its wholly owned subsidiary Jingyi Integrated by a combined RMB 9.1 billion, with Nexchip contributing RMB 5.1 billion. Registered capital will rise from RMB 2 billion to RMB 11.1 billion, cutting Nexchip’s stake to 63.96% while it remains the controlling shareholder. Jingyi is the construction entity for Nexchip’s phase-four project, a RMB 35.5 billion 12-inch wafer fab targeting about 55,000 wafers per month.
TREE NEWS update: European Central Bank Governing Council member Ante Zigman said a December rate increase is “quite likely,” which would be the third hike since the Iran conflict began. Inflation continued rising in October, and consumer prices are now climbing at twice the ECB’s 2% target. Zigman joins other policymakers in signaling that the ECB may raise the deposit rate by another 25 basis points at its final policy meeting of 2026.