TREE NEWS reports: China’s ChiNext Index fell 2.44% on the day after a midday rally reversed, with more than 4,600 stocks across the Shanghai, Shenzhen and Beijing markets closing lower. Total turnover reached 1.95 trillion yuan. The Shanghai Composite slipped 0.67% and the Shenzhen Component lost 1.68%, while gas, liquor and military sectors gained and AI-animation, robotics and precious metals lagged.
TREE NEWS reports: The Shanghai Composite Index closed at 3,655.83 on the day, down 0.67%. The Shenzhen Component fell 1.68% to 11,197.98 and the ChiNext Index dropped 2.44% to 2,509.43. The CSI 300 declined 0.78% to 4,043.93, while the STAR 50 was the sole gainer among the main gauges, rising 0.73% to 1,309.84.
TREE NEWS reports: Apple’s main futures contract rose more than 4% at the close of China’s commodity futures trading, leading gains. Styrene and ethylene glycol each climbed over 3%, while eggs and BR rubber gained nearly 3%. On the downside, Shanghai gold fell more than 2%, and coking coal, platinum, iron ore and Shanghai silver each dropped more than 1%.
TREE NEWS update: China’s National Development and Reform Commission cut retail prices for standard gasoline by 645 yuan per tonne and diesel by 625 yuan per tonne, effective 24:00 on November 12. The reduction lowers pump prices for both fuels nationwide.
TREE NEWS reports: The UK’s overall goods and services trade deficit widened to £5.134 billion in September, far exceeding expectations of a £2.1 billion gap and up sharply from a revised £0.92 billion deficit the previous month. The larger-than-expected shortfall marks a significant deterioration in the UK’s external trade balance for the month.
TREE NEWS reports: UK industrial production rose 0.3% month on month in September, defying expectations for a 0.4% decline, following a 0.8% increase in August. The upside surprise in the monthly reading points to firmer factory activity than economists had anticipated.
TREE NEWS reports: UK business investment grew 3.04% year on year in the third quarter, slowing from 5.2% in the previous period. The deceleration points to a weaker pace of capital spending by UK firms in the quarter.
TREE NEWS reports: UK private household consumption spending rose 0.6% quarter-on-quarter in the third quarter, beating expectations of 0.4% and accelerating from 0.3% in the prior quarter. The reading points to firmer consumer demand in the UK economy over the period.
TREE NEWS reports: The UK economy grew 0.7% in the third quarter compared with the previous quarter, the initial estimate showed, matching expectations of 0.7%. The reading follows growth of 0.5% in the prior quarter. The preliminary figures put the quarterly pace of expansion at its fastest in the sequence cited.
TREE NEWS reports: UK construction output fell 1.5% year on year in September, compared with expectations of a 2.2% decline and a prior reading of -1.8%, official data showed. The smaller-than-expected contraction indicates the sector’s annual decline eased from the previous month.
TREE NEWS reports: UK GDP grew 0.2% in September from the previous month, exceeding expectations of 0% and following a 0.1% rise in August. The stronger-than-expected monthly reading comes as the British economy shows modest momentum.
TREE NEWS update: TSMC confirmed that some current and former employee data was published without authorization after a hacker offered what was claimed to be 46,000 records totaling 6.9GB on an underground forum for 3 bitcoin, about NT$7.4 million. The chipmaker said the data matched information held in a cloud service provider’s system and that there is no evidence its own systems were breached.
TREE NEWS update: South Korea’s Financial Services Commission and Financial Supervisory Service said online and social media rumors about additional KOSDAQ market measures allegedly due to be announced on Nov. 13 are completely false. The regulators warned that spreading unfounded rumors may constitute unfair trading under the Capital Markets Act and that authorities will deal strictly with any violations found. They urged investors to avoid decisions based on unverified rumors and to confirm policy through official channels.
TREE NEWS update: Chongqing opened the Jingkou–Liangjiang Movie City section of Metro Line 15 on the 12th, with the first express train departing Lixue Road station. The segment is the city’s first fully automated urban rail express line, adding an east-west trunk corridor to the mountainous municipality’s rail network.
TREE NEWS update: Shanghai Stock Exchange Chairman Qiu Yong said on November 12 that the fundamentals of China’s long-term economic improvement remain unchanged and the high-quality development trend of China’s capital market has not changed, with the core value of Chinese assets in safety, resilience and innovation becoming more prominent. Speaking at the 2026 SSE International Investors Conference, he noted that the global asset allocation is undergoing deep rebalancing amid a complex international economic and financial environment, and the allocation value of Chinese assets is drawing broad attention from international investors.
TREE NEWS reports: Foxconn reported a 34% year-on-year rise in net profit to NT$77.5 billion (US$2.4 billion) for the quarter ended September, topping the NT$70.3 billion analyst average. The company said AI server assembly has become its biggest growth driver, helped by demand for Nvidia-powered servers including products built around the next-generation Rubin chip, while revenue rose 47%.
TREE NEWS update: The 2026 China-US Political Party Dialogue was held in Beijing on November 12. Representatives from US political parties, strategic circles and business community, along with Chinese government departments, local governments, think tanks, universities and civil society organizations, took part. The two sides held candid, in-depth and constructive exchanges under the theme of exploring the right way for China and the US to get along in a changing Asia-Pacific and world.
TREE NEWS update: Jilin province issued a 30-year special-purpose local government bond worth 5 billion yuan ($690 million) at a coupon of 2.21%, with marginal bid coverage of 22.05 times against an expected 2.18 times. The issuance is the latest in China’s local government bond program, which funds infrastructure and public projects.
TREE NEWS reports: Nvidia shares traded 7.4% below the previous day’s closing price on the Tradegate platform, the German over-the-counter venue, on the latest reading. The move marks a sharp one-session decline for the chipmaker’s stock in off-exchange German trading. No further details on the timing or cause of the drop were given.
TREE NEWS reports: SK Hynix’s HBM4 yield has reportedly surpassed 70%, though the company has not officially disclosed the figure. The 70% threshold is drawing industry attention because, on the same calculation basis, a rise from 60% to 70% means roughly 16.7% more qualified output from the same production input. Yield refers to the ratio of qualified products to total output.