Flash News

TREE NEWS reports: Chinese bank stocks extended gains in afternoon trading, defying the broader market, with Qingdao Bank rising more than 4%. Bank of Jiangsu, Bank of Nanjing, Bank of Chengdu and Bank of Hangzhou each gained about 2%, all hitting record highs. Qilu Bank, Bank of Xi’an, Bank of Beijing and Bank of China were among other gainers.

TREE NEWS update: TRM Labs has launched a new service designed to help law enforcement seize stolen cryptocurrency within minutes. The tool is built on the Beacon Network, a coalition of more than 200 members that covers 80% of global crypto trading volume. No launch date or pricing details were disclosed.

TREE NEWS reports: The ChiNext Index dropped 2% on the day, with optical chip and electronic component sectors posting the steepest declines. The two sectors led losses on the Shenzhen-based growth board, which tracks mostly technology and emerging-industry companies.

TREE NEWS reports: Hong Kong’s Hang Seng Index fell 1% in afternoon trading, while the Hang Seng Tech Index widened its decline to 2%. The moves mark a sharper pullback in the tech-heavy gauge than in the broader benchmark during the session.

TREE NEWS update: DJI will adjust the suggested retail prices of some products from 00:00 on November 18, 2026, the company said in a statement on its official website. The move follows sustained sharp increases in the cost of global semiconductors, memory and other key components. The company said the adjustment was made after careful assessment.

TREE NEWS update: The White House has sent a bipartisan slate of crypto-relevant picks to fill open seats at the SEC and CFTC. Kim said the lineup could develop durable rules that safeguard markets and support innovation. The nominations now await Senate consideration.

TREE NEWS reports: Goldman Sachs said its 2027 copper price forecast of $15,400 per tonne faces downside risk after the US midterm elections, citing AI-related positioning and expectations of lower US tariffs. The bank flagged the risk in a note on its 2027 copper outlook. No revised forecast figure was given.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi said she will not comment on specific foreign-exchange moves or risks, and that she will carefully consider when to declare an end to deflation. She also said Japan will keep communicating with the United States to maintain orderly FX market operations and will always watch market developments when implementing economic policy.

TREE NEWS update: Japan Finance Minister Satsuki Katayama said she will work with the Bank of Japan in line with the existing joint statement agreement, and expects monetary policy to aim toward the 2% price target. The remarks signal continued coordination between the government and the central bank on policy direction.

TREE NEWS update: Microsoft said it has observed partial recovery in some regions where it has implemented adjustments following a service outage, but the measures have not yet produced a sustained recovery. The company did not specify which regions or services were affected. The outage and remediation efforts remain ongoing.

TREE NEWS update: Bank of Japan Deputy Governor Ryozo Himino said it is generally difficult to forecast the central bank’s earnings, and that ETF sales have so far had no significant impact on markets. The BOJ does not currently plan to make new adjustments to its ETF sale program, Himino said.

TREE NEWS update: US October producer price index data is due at 21:30 Beijing time on Thursday, alongside the Eurozone’s revised third-quarter GDP reading at 18:00 and France’s final October CPI at 15:45. European Central Bank officials Sleijpen, Simkus, Schnabel, Zigman and Nagel are scheduled to speak through the day, while Boston Fed President Collins, Dallas Fed President Logan, Fed Governor Bowman and San Francisco Fed President Daly also appear. The IEA publishes its monthly oil market report at 17:00.

TREE NEWS update: Federal Reserve Bank of New York President John Williams said the Fed “still has work to do” in bringing inflation back to its target. The comments came as Chinese equities fell, with the ChiNext index down more than 1% at midday and Hong Kong’s Hang Seng Index down 0.9%. Samsung is also in talks to acquire data-center cooling company Modine.

TREE NEWS reports: Bitcoin fell to a 12-week low as Jensen Huang’s exit from Nvidia rattled markets. Strategy and Metaplanet will lose their MSCI index membership on Nov. 30, removing the two bitcoin-holding companies from the indexes.

TREE NEWS update: US President Trump on the 12th posted a series of messages on social media condemning the Democratic Party as “corrupt and evil” and urging Republicans to “fight hard.” He named Democratic-led states including California, Minnesota and Illinois, saying they are poorly managed and deeply corrupt, with large sums of money “stolen” every month.

TREE NEWS reports: Researchers from Perm Polytechnic University in Russia and the China University of Petroleum have jointly conducted experiments revealing the fracturing patterns of natural gas hydrate reservoirs during hydraulic fracturing, Russian media reported on the 12th. The findings are expected to provide a scientific basis for optimizing the extraction process of combustible ice, or gas hydrates.

TREE NEWS reports: Guangdong’s foreign trade reached 9.8 trillion yuan in the first ten months of 2025, already exceeding its total for all of last year and up 25.7% year on year, the General Administration of Customs’ Guangdong sub-administration said. Exports rose 15.1% to 5.73 trillion yuan and imports jumped 44.6% to 4.07 trillion yuan. The province accounted for 21.9% of national trade, and monthly trade has stayed above 1 trillion yuan for five straight months since June.

TREE NEWS update: China’s Special Envoy for Middle East Affairs Zhai Jun met Saudi Foreign Minister Faisal bin Farhan in Riyadh on November 12, 2026. The two sides held in-depth exchanges on China-Saudi relations and the current situation in the Middle East. No further details of the talks were disclosed.

TREE NEWS update: China, Belgium and Luxembourg held the 23rd session of their joint economic and trade committee in Brussels on Nov. 12, with Chinese Vice Minister of Commerce Ling Ji meeting Belgian and Luxembourg officials. Ling said China is willing to improve the structure and quality of trade cooperation and cultivate new growth areas in services trade, the digital economy and artificial intelligence. He also raised concerns about EU trade protection measures and urged Belgium and Luxembourg to push the EU to resolve differences through the China-EU trade and investment consultation mechanism.

TREE NEWS update: Hikvision said on its investor interaction platform that its subsidiary Hikrobot has completed its shareholding-system reform and filed for IPO counseling. The company said further IPO progress should be based on official disclosures. No timeline or listing venue was given.