Flash News

TREE NEWS update: China’s National Development and Reform Commission and National Energy Administration issued a new energy storage implementation plan for the 2026-2030 period, calling for 5G base stations to be equipped with new-type energy storage to improve operating stability. The plan also supports storage deployment in industrial parks, zero-carbon parks, virtual power plants, green-power direct connection and smart microgrids, and encourages exploration of thermal and hydrogen storage.

TREE NEWS reports: China’s ChiNext Index closed down 3.32% on a high-open, low-close session, with more than 4,700 stocks in the broader market declining. Total turnover exceeded 1.66 trillion yuan. The Shanghai Composite fell 0.59% and the Shenzhen Component dropped 2.05%, while bank stocks including Jiangsu Bank and Bank of Nanjing hit record highs and computing-hardware names such as CPO and PCB led losses.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges reached 1.6557 trillion yuan on November 13. Shanghai contributed 770.6 billion yuan, while Shenzhen accounted for 885.1 billion yuan. Trading on the ChiNext board totaled 437.7 billion yuan.

TREE NEWS update: China’s National Development and Reform Commission and National Energy Administration issued the 15th Five-Year Plan implementation plan for new-type energy storage, setting a target of about 140 million kilowatts of grid-side independent storage capable of peak-shaving and supply-guarantee roles by 2030. The plan also calls for building storage in distribution networks, optimizing capacity upgrades, and supporting coordination among main, distribution and micro grids.

TREE NEWS update: China’s National Development and Reform Commission and National Energy Administration issued the 15th Five-Year Plan implementation scheme for new-type energy storage, targeting about 50-60 GW of new-type storage configured at renewable energy bases by 2030. The plan calls for storage at sand-and-gobi renewable bases, integrated hydro-wind-solar bases, and offshore wind booster stations and landing points to support reliable transmission.

TREE NEWS update: China’s National Development and Reform Commission and National Energy Administration issued the 15th Five-Year Plan implementation scheme for new-type energy storage, targeting 300 GW of installed capacity by 2030 with an average storage duration of about three hours. The plan aims to move the sector from large-scale development to market-driven development by 2030, supporting the carbon peak goal and the construction of a new power system.

TREE NEWS reports: Bitcoin dropped below $70,000 in the past 24 hours, falling more than 7%, while ETH slid below $2,000, down over 6%, with 92% of the top 200 tokens in the red. U.S. spot bitcoin ETFs recorded five straight days of net outflows totaling over $1.4 billion, and stablecoin supply shrank by $14.2 billion over 30 days, the largest 30-day decline since 2022. MSCI also removed Strategy from its USA index, a move JPMorgan estimated could force $1.8 billion to $2.8 billion in selling.

TREE NEWS reports: The Shanghai Composite closed at 3,634.35 on the day, down 0.59%, while the Shenzhen Component fell 2.05% to 10,968.79 and the ChiNext Index dropped 3.32% to 2,426.08. The CSI 300 slipped 0.68% to 4,016.29, the STAR 50 lost 2.30% to 1,279.66, the CSI 500 fell 2.10% to 6,465.48 and the CSI 1000 declined 2.76% to 6,357.26.

TREE NEWS reports: Container shipping (Europe route) main futures contract rose more than 5% at the close of Chinese commodity futures trading, while fuel oil, propylene, LU fuel oil, ethylene glycol and crude oil each gained over 4%. On the downside, Shanghai silver fell more than 4%, and palladium, caustic soda and Shanghai gold each dropped more than 2%.

TREE NEWS reports: Germany’s wholesale price index rose 8.8% year-on-year in October, up from 8.7% in September. On a month-on-month basis, wholesale prices increased 0.4%, slowing sharply from a 1.9% gain in the previous month.

TREE NEWS update: Huawei terminal chief Yu Chengdong introduced a new cooperation model for HIMA (Harmony Intelligent Mobility Alliance) at the AITO M8 launch event on Nov. 13. HIMA, an intelligent vehicle technology ecosystem led by Huawei’s consumer business, offers partners customized cooperation plans and spans five brands — AITO, Luxeed, Stelato, Maextro and Shangjie. The alliance aims to help automakers build and sell cars and upgrade China’s smart-vehicle industry.

TREE NEWS reports: The yen erased its losses against the dollar and was last at 159.82 per dollar. The move reversed an earlier decline, with the currency recovering to its prior level. No further details were provided.

TREE NEWS reports: US Treasury yields surged again, dashing investors’ hopes that the worst of this year’s bond selloff had passed. Stubborn inflation and hawkish Federal Reserve comments are pushing traders to brace for more aggressive rate hikes, while rising debt supply adds further upward pressure on yields. The selloff continued even as Nvidia-related turmoil shook stocks and risk sentiment, undermining hopes that Treasuries had regained their traditional safe-haven role.

TREE NEWS reports: Richemont reported first-half sales growth of 17% at constant exchange rates, ahead of the 16.2% estimate. Asia-Pacific revenue rose 16% at constant FX versus a 14.7% forecast, while Americas revenue grew 23% against an expected 22.7%. The luxury group’s results beat analyst expectations across all three reported regions.

TREE NEWS update: Jiangsu province issued 122 billion yuan of 10-year general local government bonds at a coupon of 1.6000%, with a bid-to-cover tail ratio of 6.70 times against an expected 1.60. The same day it sold 20 billion yuan of 10-year general bonds at 1.6000% with a 6.27 times tail ratio, plus 8.2 billion yuan of 7-year shantytown renovation bonds at 1.4200% and 29.62 billion yuan of 15-year special bonds at 1.8700%.

TREE NEWS reports: Dongshan Precision hit the daily limit-down on Wednesday, with turnover reaching 14.359 billion yuan. The stock’s plunge came as the company’s shares were among the most actively traded on the Chinese market. No further details were immediately available.

TREE NEWS update: Iran said a liquefied gas carrier struck a mine east of the Strait of Hormuz. The report did not specify the vessel’s name, flag or the extent of damage. The Strait of Hormuz is the world’s most important oil transit chokepoint, and any disruption there can affect global energy markets.

TREE NEWS reports: Japan’s Nikkei 225 closed 0.5% higher at 61,142.35 on the day, while the broader Topix gained 0.1% to 3,941.57. South Korea’s Kospi moved the other way, closing down 1% at 5,290.53. The split session left Japanese equities firmer and Korean stocks lower.

TREE NEWS reports: Mizuho Financial Group reported second-quarter net profit of 473.58 billion yen, beating the 375.47 billion yen estimate, and declared a second-quarter dividend of 100.00 yen per share. The Japanese lender raised its full-year net profit forecast to 1.60 trillion yen from 1.40 trillion yen, above the 1.47 trillion yen market estimate, and lifted its full-year dividend projection to 200.00 yen from 150.00 yen.

TREE NEWS update: Yemen’s Houthi movement said on the 12th that it struck pumping station No. 7 on Saudi Arabia’s East-West oil pipeline and an oil facility in the Red Sea port city of Yanbu using drones and ballistic missiles, claiming both attacks succeeded. The group also said it hit an Aramco building in Riyadh, an airport and an air base near the Yemeni border, without specifying dates for those three operations.