Flash News

TREE NEWS reports: Italy recorded a trade surplus of €2.083 billion in September, up from €1.773 billion in the prior reading. The widening surplus marks a modest improvement in the country’s external trade position for the month.

TREE NEWS reports: China’s M1 money supply rose 4.4% year-on-year in October, up from a 3.2% increase in the previous period. The acceleration in the narrow money measure, which covers cash in circulation and demand deposits, marks a pickup from September’s pace. No further breakdown of the October data was provided.

TREE NEWS update: Flop Labs, the AI-agent native currency network announced by BitMEX co-founder Arthur Hayes in August, will launch its testnet on Nov 24, the project said, reiterating that testnet interactions will earn token airdrops. A devnet faucet is already live for test tokens via Polkadot.js, Talisman and SubWallet wallets. Separately, 42.space, a protocol converting real-world events into tradable ERC-20 event tokens, launched a points system on Nov 4.

TREE NEWS update: Pop Mart bought back its own shares for HK$49.9 million on November 13, the Chinese collectible-toy maker said. The repurchase is the company’s latest move to return capital to shareholders. No further details on the number of shares or the price per share were disclosed.

TREE NEWS update: AITO, the Huawei-backed EV brand, officially launched the New M8 in China with a price range of 379,800 to 469,800 yuan. The model enters the brand’s lineup as a new SUV offering in the premium segment. No further specifications or delivery timelines were disclosed in the announcement.

TREE NEWS reports: The yen unexpectedly fell through the 160-per-dollar level this week before rebounding on speculation of official intervention, breaking months of tight trading around 158. The sudden move highlights how difficult it has become to trade the Japanese currency, as traditional signals like interest-rate differentials lose reliability. Bank of Japan policy tightening, continued capital outflows and unprecedented intervention are pulling the yen in different directions.

TREE NEWS update: Singapore’s cybersecurity agency urged all organizations to strengthen their cyber defenses, in a notice published without specifying a trigger or deadline. The advisory applies to all organizations and calls for stronger defensive capabilities, without detailing specific measures or sectors. No further information was provided.

TREE NEWS update: Nvidia CEO Jensen Huang resigned as president, CEO and board member effective immediately on Nov 12, sending shares down as much as 14.35% intraday before closing 4.34% lower at $166.19. CFO Colette Kress was named interim CEO and former Synopsys CEO Harvey Jones board chairman. The same day, Nebius beat third-quarter estimates with $981 million in revenue but closed down 16.84% after pushing its $7 billion annualized revenue target to February 2027 and raising capex.

TREE NEWS reports: Market maker Wintermute increased its short exposure on Hyperliquid from $72.45 million to $90.71 million, adding $18.26 million. Its cumulative profit rose to $228 million, up $540,000 from the previous update, with $20.64 million earned over the past 30 days.

TREE NEWS update: Tencent Hunyuan announced the launch of Hy Realtime, a new real-time speech model, on Thursday. The model improves speech understanding, instruction following and human-like expression, and adds agentic tool calling and singing capabilities. Hy Realtime is already live in Yuanbao voice calls and Tencent customer service, and will soon be offered on Tencent Cloud as an API service.

TREE NEWS reports: Hong Kong’s third-quarter GDP grew 5.2% year on year in final terms, matching both the preliminary reading and market expectations. On a seasonally adjusted quarter-on-quarter basis, the economy expanded 1.9%, also in line with the prior estimate and forecasts. The final figures confirm the earlier flash estimates, with no revisions to either the annual or quarterly growth rates.

TREE NEWS update: Microsoft began a wider patch rollout Friday after a Microsoft 365 outage disrupted Outlook email and Teams calendars worldwide. The disruption also hit government email and Microsoft 365 connectors used in ChatGPT and Claude.

TREE NEWS update: Chinese Premier Li Qiang arrived in Bangkok on November 13 for an official visit to Thailand at the invitation of Thai Prime Minister Anutin Charnvirakul. Li said China and Thailand are geographically close with cultural ties and a long friendship, and that he expects to exchange views with Thai leaders on deepening comprehensive strategic cooperation and building a China-Thailand community with a shared future.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 1.55% lower and the Hang Seng Tech Index dropped 3.02% in the same session. MINIMAX fell about 8% and Zhipu about 10%, while Zhongji Innolight lost roughly 9%, GDS about 8% and Lenovo about 6%. Hua Hong Semiconductor and XPeng each slipped around 5-6%, and Kuaishou closed down 4.5%.

TREE NEWS update: Jensen Huang has stepped down as Nvidia CEO, with Colette Kress appointed interim chief executive while the board searches for a permanent successor. The report links his departure to an internal investigation into conduct issues and to more than 1.5GW of restricted Nvidia GPUs reaching China, and says the U.S. intelligence community pushed for his exit. Nvidia’s total off-balance-sheet guarantees stood at $530 billion as of its fiscal second quarter.

TREE NEWS reports: European equities opened lower on Thursday, with the Euro Stoxx 50 down 0.3%, Germany’s DAX falling 0.5%, the UK’s FTSE 100 slipping 0.2% and France’s CAC 40 off 0.2%. The declines were broad across the region’s major benchmarks at the open.

TREE NEWS update: Microsoft said on its service health page that it has achieved positive results in server stability. The update, posted to the company’s official status dashboard, did not disclose specific metrics or a timeline for the improvement. Microsoft did not say which services were affected or whether any incidents remained unresolved.

TREE NEWS update: Japan’s prime minister has instructed the government to investigate the impact of the Outlook service outage, TV Asahi reported. The directive calls for an assessment of how the disruption affected government operations and the public. No further details on the scope or timing of the investigation were provided. The outage involved Microsoft’s Outlook email and calendar service.

TREE NEWS update: China’s Ministry of Finance said Hong Kong’s Mandatory Provident Fund, regulated by the Mandatory Provident Fund Schemes Authority and offering standardized pension financial services to unspecified clients, does not fall under the offshore trusts defined in Article 1 of its announcement. The clarification draws a regulatory line between the territory’s statutory pension scheme and offshore trust structures.

TREE NEWS update: China’s Ministry of Finance said that in ‘old shares first, new shares later’ placements, where a major shareholder sells and buys shares through the same offshore trust at an identical price and new shares are issued to that trust within 14 days of the placement agreement, the portion where shares sold do not exceed shares bought may be treated as not transferring trust property, with no adjustment to the original value of the stock assets.