Flash News

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.

TREE NEWS update: Shenzhen Demingli Technology Co. said it received approval from the China Securities Regulatory Commission for its registration application to issue shares to specific targets. The approval, issued as CSRC Permit [2026] No. 3173, is valid for 12 months from the date of consent. The board will handle the placement within the specified period under the authorization of the shareholders’ meeting.

TREE NEWS reports: China’s futures market recorded a 26.32% year-on-year rise in cumulative trading volume and a 32.44% increase in cumulative turnover in the first 10 months of 2026, the China Futures Association said in its October 2026 briefing. October volume alone jumped 50.08% year on year, while October turnover rose 10.71%.

TREE NEWS update: US Commerce Secretary Howard Lutnick has agreed to testify before Congress, NBC reported. No date, committee or subject matter for the testimony was given. Lutnick, a former Wall Street executive, heads the Commerce Department, which oversees trade policy and export controls.

TREE NEWS update: China’s Ministry of Finance issued 120 billion yuan of 3-year bonds at a yield of 1.2200%, with a marginal rate of 1.2400% against expectations of 1.2500% and a bid-to-cover ratio of 3.07 times. It also issued 80 billion yuan of 10-year bonds at 1.5600%, with a marginal rate of 1.5800% matching expectations of 1.5800% and a bid-to-cover ratio of 4.32 times.

TREE NEWS update: TSMC plans to set up a $500 million venture capital fund to back chip startups and broaden its investment scope, co-COO Kevin Zhang said. The fund is aimed at supporting early-stage semiconductor companies as the world’s largest contract chipmaker expands its investment reach beyond its core manufacturing business.

TREE NEWS reports: India’s 10-year government bond yield climbed 5 basis points to 7.30%, marking a move higher in the benchmark sovereign yield. The rise reflects the latest shift in Indian government debt pricing.

TREE NEWS update: The Federal Reserve Bank of New York confirmed the U.S. Treasury used about $500 million of its euro holdings to support the yen in a coordinated intervention with Japan on July 31. The New York Fed, acting as fiscal agent for the Treasury, bought ¥79.4 billion in the spot market while selling euros from the Exchange Stabilization Fund, it said in its quarterly foreign exchange intervention report Thursday. At current rates the amount is about $497 million, and the operation aimed to counter what the Treasury deemed disorderly yen moves.

TREE NEWS update: Malaysia will assess whether American-made artificial intelligence chips it has purchased were subsequently re-exported, and is considering measures to tighten chip export controls. The review comes as governments step up scrutiny of advanced semiconductor flows. No timeline or specific measures were disclosed.

TREE NEWS update: Microsoft said it is implementing infrastructure capacity optimization to help support traffic in regions coming back online after a service disruption. The company monitored the status of changes made to improve service availability and confirmed their effect fell short of expectations. No figures or timeline were provided.

TREE NEWS reports: China’s overnight Shanghai Interbank Offered Rate (SHIBOR) fell 3.50 basis points to 1.2970%, while the 7-day SHIBOR dropped 1.56 basis points to 1.3810%. The 3-month SHIBOR was unchanged at 1.4000%.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said on the 13th that it struck and destroyed a U.S. early-warning radar in Bahrain. The IRGC described the strike as a response to an enemy air raid on a communications tower in Sirik, Hormozgan Province, in southern Iran, and called it a “severe warning” to the aggressor. No further details on casualties or damage were provided.

TREE NEWS update: The 2026 APEC leaders’ meeting will be powered entirely by green electricity, with China Southern Power Grid securing 89 million kWh of traceable green power for the Shenzhen venue and related sites. The utility said preparatory power-supply work is already in place, and every kilowatt-hour used during the event will carry a verifiable green-power attribute.

TREE NEWS reports: The midpoint price for battery-grade lithium carbonate in China stood at 91,750 yuan per tonne in early trading, up 600 yuan per tonne from the previous day’s 16:30 level. The MMLC benchmark tracks spot pricing for the key battery material.

TREE NEWS reports: Japan’s Nikkei 225 rose 1.6% and the Topix gained 0.8% by the morning session close. The advance marked a higher start for Japanese equities in the session.

TREE NEWS reports: China’s October high-frequency data across consumption, foreign trade and investment point to a consolidating economic recovery, the National Information Center under the National Development and Reform Commission said. The center attributed the trend to the combined effect of existing and new policies, saying the economy’s quality and innovation content continued to rise and the stable, positive momentum was further reinforced.

TREE NEWS update: Investor Duan Yongping addressed online speculation about a resignation by Nvidia CEO Jensen Huang, writing on his social media account that it was “probably the board’s final decision.” He said the move would not affect Nvidia’s business in the short term, but the company’s future in a few years would depend on finding a good CEO, adding that Huang works very hard and has strong vision on AI.

TREE NEWS reports: Indonesia’s benchmark stock index rose 1% to 5,304.26. The gain marks a move higher for the country’s main equity gauge.

TREE NEWS update: President Donald Trump nominated a successor to SEC Commissioner Hester Peirce and named a former CFTC commissioner plus two CLARITY Act veterans to fill vacancies at the SEC and CFTC, the White House said. The picks would reshape both agencies as they set crypto policy.

TREE NEWS update: The State Council Work Safety Committee Office summoned the top officials of 11 city governments across seven provinces and regions to talks over major accidents, the Ministry of Emergency Management said. The cities include Baotou, Nanyang and Xiangyang, which each had a major accident this year, plus seven cities including Lyuliang and Yantai that recorded three or more relatively serious accidents within six months. Ten central departments joined the talks.