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.
TREE NEWS update: Arkansas has sued Kalshi to stop what the state alleges is illegal gambling, seeking restitution, unpaid taxes and civil penalties. The action comes as Kalshi continues its federal appeals against state gambling-law enforcement.
TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) party committee held a video meeting on Nov. 4 to implement the spirit of the 20th Central Committee’s Fifth Plenary Session, calling for faster cultivation of emerging and future industries to build a modern industrial system. The meeting urged progress on the 15th Five-Year Plan, stronger effective investment, and increased basic research funding, while advancing reform tasks and a penetrating regulatory system.
TREE NEWS update: Polymarket and Binance have proposed a Polygon PoS mainnet hard fork that would zero out roughly 70.49 million POL, worth about $6.7 million, from hacker-controlled addresses and credit an equal balance to recovery addresses designated by the two firms. The proposal, dated Nov. 5, follows the Oct. 30 compromise of Polymarket’s front end and Binance’s hot wallet, after which Polygon validators froze four Polymarket hacker addresses holding 23.86 million POL and one Binance hacker address holding 46.63 million POL. The two teams are due to defend the plan at a Polygon protocol governance call at 22:30 Beijing time on Nov. 5.
TREE NEWS reports: The Taiwan Stock Exchange Weighted Index closed 3.2% lower at 41,574.72 points on the session, extending a sharp decline in the benchmark. The index ended the day at that level following the selloff.
TREE NEWS update: Former Democratic Senator Sherrod Brown defeated Republican incumbent Jon Husted in Ohio’s Nov. 3 special election for the state’s Class III Senate seat. Brown, who chaired the Senate Banking Committee and repeatedly blocked stablecoin legislation, returns as crypto market-structure bills face a 60-vote Senate cloture threshold. The CLARITY Act (H.R. 3633) passed the House 294-134 on July 17, 2025, but failed a Sept. 15, 2026 cloture vote 49-50, 11 votes short.
TREE NEWS reports: China’s A-share film and cinema sector rallied in afternoon trading, with Bona Film Group hitting the daily limit up. Ciwen Media, Shanghai Film, Huace Film & TV, China Film and Ruyi Film rose in sympathy. The move was a sector-wide gain in the film and cinema chain segment during the afternoon session.
TREE NEWS reports: Toyota Motor shares extended gains during intraday trading, rising as much as 15% at one point. The move marks a sharp jump for the Japanese automaker’s stock within the session.
TREE NEWS reports: Microsoft has declined to enter a major AI partnership with British firm Nscale. The reported decision leaves the UK AI infrastructure company without a deal with the US tech giant. No reason for the refusal or terms of the proposed partnership were disclosed.
TREE NEWS reports: A-share CPO concept stocks rose before reversing course, with Lianxun Instruments dropping more than 10%. JPT, Hengdong Optical, Zhongji Innolight, Eoptolink, Guangku Technology, T&S Communications and Cambridge Technology each fell more than 5% in the same session.
TREE NEWS reports: Humanoid robot concept stocks on China’s A-share market rallied again in afternoon trading, with Mosu Technology hitting the daily limit-up. Zhenghe Industry and MediTech had already hit limit-up earlier, while Zhaomin Technology rose more than 18%. Zhaofeng, Ningbo Huaxiang, Ruidi Zhiqu, Zhongjian Technology, Zhaowei Electromechanical and Zhejiang Rongtai also climbed.
TREE NEWS reports: South Korea is preparing to respond to heightened volatility in financial markets. The report did not specify which measures authorities plan to take or the timing of any action. The move comes amid broader concerns over market stability.
TREE NEWS update: Toyota Motor reported second-quarter operating profit of ¥1.13 trillion, up 34% year on year and above the ¥964.86 billion market estimate. Net profit fell 19% to ¥759.40 billion, while net sales rose 8.6% to ¥13.44 trillion. The automaker raised its full-year operating profit forecast to ¥3.90 trillion and expanded its share buyback program to ¥1.3 trillion.
TREE NEWS update: Democrats, fresh off a midterm election victory, have warned technology CEOs to prepare for subpoenas and signaled new investigations into President Trump’s business dealings. The party moved quickly after the results, putting Big Tech and the former president’s commercial interests in the crosshairs of forthcoming congressional scrutiny.
TREE NEWS update: The Reserve Bank of Australia’s Deputy Governor Hauser speaks at 14:45 Beijing time, followed by a slate of European Central Bank officials including Isabel Schnabel and President Christine Lagarde, who speaks twice overnight. The Bank of England announces its rate decision at 20:00, while eurozone September PPI is due at 18:00 and US initial jobless claims and third-quarter nonfarm productivity at 21:30. ConocoPhillips reports before the US open, with Cloudflare, Microchip and Airbnb after the close.
TREE NEWS reports: China’s STAR 50 Index rose more than 2% in morning trading, with the photovoltaic sector surging across the board. Hong Kong’s Hang Seng Index gained 3.1% by midday and the Hang Seng Tech Index jumped 4.8%, led by gains in Meituan, Alibaba and Tencent. South Korea’s stock market fell as much as 5% intraday.
TREE NEWS update: The Digital Chamber said Sherrod Brown’s election victory is the “most consequential unfavorable result” for crypto, warning that Democrats will reorient the policy debate toward stronger consumer protections and regulatory accountability. The industry group’s assessment signals a tougher legislative and regulatory climate for digital assets as Democratic control of the Senate agenda reshapes crypto oversight priorities.
TREE NEWS update: Moonshot AI announced the release of Kimi Hosted Agents on Wednesday, offering the Harness that runs agents as a cloud service for enterprises and developers. The hosted environment operates 24/7, letting customers run long-horizon tasks and multi-agent collaboration without building or maintaining their own runtime framework.
TREE NEWS update: China’s State Council financial work report, delivered by PBOC Governor Pan Gongsheng on Nov. 3 and published by the National People’s Congress website on Nov. 5, calls for supporting Central Huijin Investment in playing a stabilization-fund-like role. The report also urges broadening medium- and long-term funding sources and market entry channels, and improving the capital market stabilization mechanism to keep stock, bond and foreign exchange markets running smoothly.
TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said two oil tankers caught fire in the Strait of Hormuz on Wednesday night. The IRGC gave no further details on the cause of the blazes or the condition of the vessels and crews. The Strait of Hormuz is the world’s most important oil chokepoint, with roughly a fifth of global petroleum passing through it.