Flash News

TREE NEWS update: Yemen’s Houthi movement said it struck King Khalid International Airport in Riyadh with ballistic missiles on the evening of the 4th, claiming direct hits and severe damage. The group warned the airport is currently unsafe and urged global airlines, airport staff and travelers not to travel through Saudi airspace, with the exception of airspace over Mecca and Medina.

TREE NEWS reports: Coking coal closed up 1.94% in China’s night session, with coke gaining 1.46% and hot-rolled coil and rebar each rising at least 0.6%. Energy products moved the other way: fuel oil fell 6.33%, low-sulfur fuel oil dropped 4.94%, bitumen lost 4.17% and LPG declined 3.95%, while PTA and paraxylene each fell more than 2%.

TREE NEWS update: The Visegrad Group presidents’ summit opened on December 4 in the western Slovak city of Trencin and will run through December 5. The summit brings together the presidents of Poland, Hungary, the Czech Republic and Slovakia. It aims to revive the four-nation cooperation mechanism, strengthen members’ collective influence in European affairs and advance jointly prioritized issues.

TREE NEWS update: Chinese ice cream brand Chicecream resumed sales on JD.com on Nov. 3, with some products priced at 11.5–13.2 yuan per bar, above its previously announced 6.9–7.9 yuan range and prompting complaints of a price hike. The company said its overall 50%-off pricing strategy is unchanged, attributing the higher listed prices on small-format products to higher e-commerce logistics costs.

TREE NEWS reports: The Nasdaq Golden Dragon China Index climbed more than 4% on the session, with 21Vianet Group up 16.11%, JinkoSolar up 12.84%, Canadian Solar up 11.53%, Daqo New Energy up 10.83% and Baozun up 10.64%. The gains were concentrated in Chinese ADRs across data-center, solar and e-commerce names.

TREE NEWS reports: CoreWeave shares dropped as much as 7.26% to a session low of $49.84 as US midterm election results came in. The AI cloud-computing and GPU rental provider is seen as most exposed to constraints on AI data-center approvals, financing and power supply.

TREE NEWS reports: The US ISM non-manufacturing index for October came in at 54.5, below the 54.8 expected by economists and down from the prior reading of 54.9. The reading still signals expansion in the services sector, as any figure above 50 indicates growth. It marks a slight cooling from September’s level.

TREE NEWS reports: US House Speaker Mike Johnson will not run for House minority leader, Punchbowl reported. The decision leaves the chamber’s Republican leadership lineup unsettled as the party prepares for its next congressional session. No further details on Johnson’s plans were immediately provided.

TREE NEWS reports: Bitcoin reclaimed $79,000 after rebounding 5% from its election-night low, with Ether and Solana joining the recovery. S&P 500 and gold futures each gained about 3% over a matched overnight window.

TREE NEWS update: Israel’s president’s office suspended entry to the compound after an X-ray machine triggered an alarm during security screening of visitors, ahead of party consultations at the residence. Police bomb-disposal experts were dispatched to inspect the equipment. The entrance remained closed until the situation was clarified.

TREE NEWS reports: Qualified Foreign Institutional Investors held stakes in 1,504 listed Chinese companies at the end of the third quarter, with combined holdings of 13.685 billion shares worth RMB 270.726 billion, Wind data show. QFII shareholdings rose 56.4% year on year and market value climbed 79.87%, while the funds added 480 new stocks during the quarter, with electronics and banking each exceeding RMB 80 billion in holdings.

TREE NEWS update: A full-size bionic humanoid robot priced at 169,800 yuan drew one of the largest crowds at the “Internet Light” expo, which opened ahead of the 2026 World Internet Conference Wuzhen Summit held from Nov. 2 to 5. The robot’s appearance can be customized.

TREE NEWS reports: JPMorgan said the global oil market has returned to a surplus after months of disruption caused by the US-Israel-Iran war, while HSBC raised its forecast for Saudi Aramco’s crude output. The two banks’ assessments point to recovering oil supply following the conflict-driven interruption.

TREE NEWS update: Russian presidential spokesman Dmitry Peskov said on March 4 that no telephone call between President Vladimir Putin and U.S. President Donald Trump is currently planned. Peskov also said the Kremlin will publish the full list of Russia’s delegation to trilateral talks on Ukraine at an appropriate time. The talks will focus on security guarantees, with details to be discussed in closed sessions.

TREE NEWS reports: The Dow Jones Industrial Average rose 2.38%, the S&P 500 gained 1.71% and the Nasdaq Composite climbed 2.09%. Among the five largest stocks by market value, Apple rose 5.56%, Microsoft gained 5.42%, Google-A added 3.43% and Amazon jumped 7.33%, while Nvidia slipped 0.13%.

TREE NEWS reports: The final S&P Global US Services PMI for October came in at 56.1, its lowest reading since July. The employment sub-index also fell to a final 53.3, likewise the lowest since July. The final Composite PMI for October was 55.9, also marking a low since July.

TREE NEWS reports: Spot silver climbed 5.0% on the day to trade at $52.26 an ounce. The move marks a sharp intraday gain for the precious metal.

TREE NEWS update: Apple Vice President and Managing Director of Greater China Ge Yue said artificial intelligence will not replace apps but will drive the next generation of apps to become more powerful and personalized. Speaking at the intelligent technology innovation and governance forum of the 2026 World Internet Conference Wuzhen Summit, Ge said AI is accelerating changes in app development models and will make apps more indispensable tools in people’s lives.

TREE NEWS reports: US solar and photovoltaic stocks rose broadly after President Donald Trump’s Republican Party suffered a heavy defeat in the midterm elections. FTC Solar jumped 43.43%, Array Tech gained 25.86%, Sunrise Technology 17.45%, JinkoSolar Holding 15.45%, Canadian Solar 14.26%, Daqo New Energy 13.44%, First Solar 12.92% and inverter supplier Enphase 11.55%, while a solar ETF added 9.28%.

TREE NEWS reports: Bitcoin yields on Layer-2 networks are drying up. The crypto asset manager attributed the decline to shifting market conditions that have compressed the returns available to users who bridge BTC onto L2 chains. Two Prime did not specify which networks or yield products are most affected.