TREE NEWS update: Crédit Mutuel Arkéa has resumed operations after a cyberattack in which attackers accessed its systems through a service provider’s platform. The French bank said customer funds were unaffected and is assessing losses from the incident. No further details on the scope or financial impact were disclosed.
TREE NEWS update: Japan plans to raise defense spending to nearly twice its current plan — a total of ¥70 trillion to ¥80 trillion over five years — under a revised set of three security documents due for cabinet approval in December, Chinese foreign ministry spokesman Guo Jiakun said on November 5. Guo said the documents would keep labeling China as a “greatest strategic challenge” while prioritizing long-range strike and unmanned combat capabilities, and accused Tokyo of using “defense” as a pretext for military expansion.
TREE NEWS update: China’s Foreign Ministry said the US midterm elections are an internal American matter and that Beijing is willing to work with Washington to implement the consensus reached by the two heads of state, a spokesperson said at a regular press briefing. Spokesperson Guo Jiakun told reporters the two sides should strengthen communication, properly handle differences, expand cooperation and build a constructive strategic relationship based on respect, fairness and reciprocity.
TREE NEWS reports: A crypto address (0x4AB…845b8) withdrew 3,000 ETH at $2,267.83 three days ago and bought another 3,277 ETH at $2,429 about 17 minutes before the report. The address appears to have accumulated more than $14.76 million worth of ETH over three days at an average price of $2,352, with an unrealized profit of $477,000.
TREE NEWS reports: Yiwu Customs had supervised 110 million cross-border e-commerce bonded import orders as of Nov. 4, surpassing all of last year and setting a record for the period, with the city ranking first nationwide in cross-border e-commerce import volume. The Yiwu Comprehensive Bonded Zone and Yiwu Bonded Logistics Center, home to more than 130 cross-border e-commerce firms, recorded 27.148 billion yuan in bonded imports in the first 10 months, up 25.63% year on year.
TREE NEWS update: Hong Kong’s court delivered its sentencing ruling on Nov. 5 in the “conspiracy to collude” case involving Joshua Wong, who was convicted of conspiring with foreign or overseas forces to endanger national security, China’s Foreign Ministry spokesperson Guo Jiakun said at a regular press briefing. Guo said Wong pleaded guilty and that the central government firmly supports Hong Kong in safeguarding national security under the law.
TREE NEWS reports: China’s treasury futures closed mixed on the day, with the 30-year main contract rising 0.08% and the 10-year main contract gaining 0.05%. The 5-year main contract edged up 0.01%, while the 2-year main contract slipped 0.02%.
TREE NEWS update: China’s Commerce Ministry said it is closely monitoring the European Union’s new rules imposing a €2 handling fee on low-value imported goods from Nov. 1, following a €3 customs duty introduced in July. Spokesperson Huang Ling, speaking at a regular press conference on the 5th, said cross-border e-commerce offers diverse choices for global businesses and consumers, and urged the EU to carefully assess the policy’s impact and create favorable conditions for China-EU cooperation in e-commerce.
TREE NEWS update: The World Health Organization published a report on June 4 showing that six proven climate and health measures could save 1.6 million lives each year. The measures would also generate trillions of dollars in economic and fiscal benefits while helping to cut carbon emissions, the report said.
TREE NEWS update: The sixth Hungarian Battery Day opened on December 4 in Debrecen, eastern Hungary, with industry participants saying Chinese companies’ investment and technological advantages will bring major opportunities for Europe’s battery sector. They called for stronger China-Europe cooperation to boost industrial competitiveness and sustainable development.
TREE NEWS update: South Korea’s finance minister Lee Hyoung-il said the government plans to postpone its cryptocurrency gains tax by two years, from 2027 to 2029, and will negotiate the legislation with the National Assembly. The current plan taxes individual crypto gains above 2.5 million won (about $1,869) a year at 22%. Seoul also aims to start exchanging virtual-asset tax information with the US in 2029 and will study allowing investors to carry losses forward for three years, submitting an amendment in the 2027 regular session.
TREE NEWS reports: Tesla closed at $385.19, down 3.34%, and SpaceX at $135.92, down 3.81% on Nov. 4, even as the Dow rose 3.03%, the S&P 500 gained 1.58% and the Nasdaq added 1.44% as US midterm election results took shape. After-hours quotes showed the two stocks at $381.30 and $134.01. Investors are weighing how the changed congressional power balance could affect regulation and AI data-center approvals.
TREE NEWS update: China’s Supreme People’s Court and Supreme People’s Procuratorate released a set of typical cases on the lawful punishment of new and hidden forms of duty-related crimes. The joint release is intended to guide judicial handling of such cases. No further details on the individual cases were provided in the announcement.
TREE NEWS reports: China’s ChiNext Index closed up 0.87% and the Shenzhen Component gained 1.19%, while the Shanghai Composite added 0.1% on a broad rally that lifted more than 4,800 stocks across the Shanghai, Shenzhen and Beijing exchanges, with turnover at 2.14 trillion yuan. Solar, precious metals, AI comic-drama and computing-power leasing led gains, while coal, oil and gas, banks and brokerages fell; PetroChina dropped more than 8%.
TREE NEWS reports: The Shanghai Composite closed at 3,689.91 on the day, up 0.10%. The Shenzhen Component rose 1.19% to 11,471.09, while the ChiNext Index gained 0.87% to 2,566.80. The CSI 300 added 0.29% to 4,113.41, and the STAR 50 climbed 1.68% to 1,286.67.
TREE NEWS reports: Chinese commodity futures closed sharply lower, with main contracts for LPG, bottle chips, propylene, pure benzene, polyethylene, polypropylene, ethylene glycol and styrene hitting limit down. Fuel oil fell more than 14%, LU fuel oil dropped over 10%, and asphalt declined more than 8%. Palladium rose over 8%, platinum gained more than 7%, and Shanghai silver and Shanghai nickel each climbed over 5%.
TREE NEWS update: Malaysia’s central bank kept its benchmark interest rate unchanged at 2.75%. The decision leaves the policy rate at its existing level, with no change announced to the current setting.
TREE NEWS reports: German seasonally adjusted factory orders rose 4.4% month-on-month in September, missing the 4.5% consensus estimate, following a revised 10.6% decline in the prior month. The rebound partially offsets August’s sharp contraction in Europe’s largest economy.
TREE NEWS update: Japan’s Minister of Land, Infrastructure, Transport and Tourism Tatsunori Ibayashi apologized on March 5 at a Senate Land, Infrastructure, Transport and Tourism Committee meeting over allegations that he improperly held political fundraising events. The apology was made publicly during the committee session. No further details on the allegations or potential consequences were provided.
TREE NEWS update: A.P. Moller-Maersk now expects full-year underlying EBIT of $8.0 billion to $8.5 billion, up from its previous guidance of $4.5 billion to $6.5 billion. The shipping group lifted the forecast on the basis of its updated outlook.