TREE NEWS reports: Japan’s Nikkei 225 closed down 1.8% at 61,077.90 on the day, while the broader TOPIX index rose 1.2% to 3,940.39. South Korea’s KOSPI Composite Index closed down 5.28% at 5,383.65.
TREE NEWS update: The World Openness Report 2026, released on Friday afternoon at the Hongqiao International Economic Forum, shows the global openness index recorded its largest decline in nearly a decade in 2025. The openness index for emerging and developing economies rose year on year, with China remaining at the forefront of developing countries. The report has now been published for six consecutive years.
TREE NEWS reports: Sony Group reported second-quarter net profit of ¥449.6 billion, beating the ¥360.1 billion market estimate. Operating profit reached ¥622.33 billion versus a ¥491.08 billion forecast, on net sales of ¥3.43 trillion. The company raised its full-year operating profit guidance to ¥1.87 trillion from ¥1.72 trillion and lifted its net sales forecast to ¥13.00 trillion.
TREE NEWS reports: Nintendo reported second-quarter net profit of ¥73.49 billion, down 29% year on year and below the ¥82.21 billion market estimate. Operating profit fell 16% to ¥73.90 billion against a ¥88.1 billion forecast, while net sales dropped 15% to ¥448.23 billion. The company guided full-year operating profit to ¥370.0 billion and net profit to ¥310.0 billion, both well under consensus.
TREE NEWS update: Iranians held large anti-US rallies in multiple cities on the 4th, marking the 1979 takeover of the US embassy in Tehran. The demonstrations come as Washington escalates threats, warning it may restart military strikes against Iran. The rallies were held under the slogan of condemning the United States and Israel.
TREE NEWS update: US President Donald Trump said on the 4th that if Democrats move to impeach him after taking control of Congress next year, it would “destroy” the Democratic Party. Trump also said he would not fire Pete Hegseth. The comments address a potential impeachment effort and his defense secretary’s position.
TREE NEWS update: China’s State Administration for Market Regulation approved and published the national standard “Technical Specifications for Special Protective Performance of Eye and Face Protection Devices,” organized by the Ministry of Emergency Management. The standard targets risks in smelting, casting and cutting operations, covering hazards including ultraviolet and infrared radiation, molten metal, droplets and flowing liquids, dust particles and thermal radiation. It unifies technical requirements and test methods for special protective performance.
TREE NEWS reports: ChinaAMC STAR Semiconductor ETF (588170) traded 13.7 billion yuan on the day, 47% above its full-day volume from the previous session, setting an all-time high for the fund, with the ETF up 4.17%. Its top three holdings are Hwatsing Technology at 11.10%, Skyverse at 10.76% and AMEC at 10.19%.
TREE NEWS update: China’s National Energy Administration has proposed 93 projects for its “AI Plus” energy pilot list, including an intelligent decision-making system for substation main equipment maintenance, and opened them to public comment from Nov. 5 to 11, 2026. The list follows expert review and re-verification under the NEA’s call for high-value AI energy scenarios and pilot applications.
TREE NEWS reports: Qingyun Technology (QingCloud) rose by the 20% daily limit on China’s A-share market as computing power leasing shares extended gains, with Runjian Co. having earlier sealed its limit up. Pingao Shares, UCloud, Chuangye Heima, Runze Technology and Aoya Shares each gained more than 10%. The move reflects continued strength in the computing power leasing theme.
TREE NEWS reports: Democrats won control of both the Senate and House in the U.S. midterm elections held on Nov. 3.S. media outlets. Elon Musk, who had spent hundreds of millions of dollars backing Republican candidates, deleted a post on X urging voters to “vote red today” on election day. By Nov. 4, the post had disappeared from his account.
TREE NEWS update: The 9th Hongqiao International Economic Forum released the “Report on the Development of Export Capacity to China” on Thursday (the 5th). The report examines China’s import structure, trading entities, market demand and policy framework to interpret opportunities in the Chinese market, and for several trading partners studies their export structures and product fit with China, offering recommendations to cultivate their capacity to export to China.
TREE NEWS reports: The share of Bitcoin short-term holder supply in profit has fallen to about 38% from 97.5% in early October, Glassnode data show, as a roughly 10% pullback from September’s high washed out speculative gains. The analyst firm said leveraged long positions have been largely flushed, while the largest cluster of short liquidations now sits near $87,000. Spot price is retesting the August breakout zone, with the True Market Mean at $77,700 and the short-term holder cost basis at $75,700.
TREE NEWS update: Alibaba Cloud’s Lingjun Zhenwu M890 supernode has completed Day 0 adaptation of Moonshot AI’s Kimi K3.1 Pro model weights, with full-pipeline validation on the two mainstream open-source inference frameworks vLLM and SGLang. The adaptation means the model can run on Alibaba Cloud’s supernode infrastructure from launch day.
TREE NEWS update: Binance and Polymarket are seeking a Polygon hard fork to recover $6.8 million in stolen crypto, with Polygon block producers having already frozen the stolen tokens. The proposed hard fork would allow the funds to be recovered and returned to their owners.
TREE NEWS reports: Commerzbank reported third-quarter net profit of €859 million, beating the €845.2 million market estimate. Operating profit came in at €1.31 billion versus a €1.34 billion forecast, while net interest income was €2.12 billion against an expected €2.13 billion. The bank guided full-year revenue at about €13.2 billion and net interest income at roughly €8.5 billion.
TREE NEWS reports: South Korea’s KOSPI index dropped more than 6%, with chipmakers leading the decline. SK Hynix fell over 10% and Samsung Electronics dropped more than 8%. The selloff hit the benchmark’s largest constituents as semiconductor stocks slumped.
TREE NEWS reports: Hong Kong-listed AI hardware concept stocks widened their declines in afternoon trading. Yangtze Optical Fibre and Cable fell more than 15%, Kingboard Laminates dropped over 14%, Cambridge Technology slid more than 10%, and Montage Technology declined over 8%.
TREE NEWS reports: US Vice President JD Vance is seeking to rally disaffected Republicans and voters to form a “new right” coalition ahead of the 2028 presidential election cycle, following Republican losses in the midterm elections. Democrats won control of both the Senate and House in the November 3 midterms, while Republicans suffered a heavy defeat.
TREE NEWS reports: US stocks rose on Nov. 4, the first trading day after Democrats won control of both chambers of Congress, ending unified Republican rule and ushering in a divided government from early 2027. The Dow gained 3.03%, or 1,569.40 points, to 53,356.12; the S&P 500 rose 1.58% and the Nasdaq 1.44%. Healthcare and clean energy led, while oil, defense and Trump-linked names fell.