TREE NEWS reports: Japan’s Nikkei 225 closed 0.7% lower at 60,819.36, while the broader Topix bucked the trend to finish up 0.2% at 3,937.33. South Korea’s Kospi also ended in the red, down 0.6% at 5,342.73. The mixed close in Tokyo came as the Topix edged higher even as the Nikkei’s heavyweight components weighed on the benchmark.
TREE NEWS update: The All-China Federation of Trade Unions has named 200 craftsman colleges it will support as key projects in 2026, aimed at deepening reform of the industrial worker workforce and raising technical skill levels. The institutions will focus on key traditional industries, emerging industries and future industries, with emphasis on training effectiveness and measurable worker skill improvement.
TREE NEWS update: China’s National Medical Products Administration approved the marketing of imisifufor injection (brand name Fonokai), a Class 1 innovative drug filed by Suzhou Sinovent Pharmaceuticals, for hospital-acquired and ventilator-associated bacterial pneumonia (HABP/VABP) in patients aged 18 and older. The drug targets Gram-negative pathogens including Klebsiella pneumoniae, Acinetobacter baumannii-calcoaceticus complex, Pseudomonas aeruginosa, Haemophilus influenzae, Klebsiella aerogenes, Enterobacter cloacae, Escherichia coli and Klebsiella oxytoca.
TREE NEWS update: China’s National Medical Products Administration approved Rufexibart injection (subcutaneous) from Beijing Shengdi Pharmaceutical for marketing under the brand name Aiqingda, following a priority review process. The drug is indicated, in combination with a low-fat diet and other lipid-lowering therapies, to treat homozygous familial hypercholesterolemia in adults and adolescents aged 12 and older by lowering LDL-C levels. The approval offers patients a new treatment option.
TREE NEWS reports: Foxconn expects its AI rack shipments to grow by a high double-digit percentage in 2027, the company said. The guidance points to continued expansion of its AI server and rack business beyond the current year. No specific shipment figures were disclosed.
TREE NEWS reports: Indonesia’s rupiah fell to a record low of 18,241 per dollar on Thursday, down 0.5% and below the previous low of 18,190 set in early June, as a stronger dollar and MSCI risk pressures hit Indonesian stocks and bonds. Bank Indonesia said it is intervening in offshore and domestic non-deliverable forwards and the spot market, and buying government bonds in the secondary market to stabilize the currency, the worst performer in Asia this year. The 10-year bond yield rose 4 basis points to 7.66%.
TREE NEWS reports: Hon Hai Precision Industry reported a net profit of NT$187.41 billion for the first nine months of the year. The figure covers the January-to-September period and was disclosed without further breakdown. The Taiwanese electronics manufacturer, also known as Foxconn, did not provide additional details in the disclosure.
TREE NEWS reports: US President’s special envoy Steve Witkoff and Jared Kushner, the president’s son-in-law, arrived in Moscow, Russia’s side said on the 12th. The visit brings the two US figures to the Russian capital. No further details of their schedule or agenda were given.
TREE NEWS update: Chinese Commerce Minister Wang Wentao held a video call with UK Trade Secretary Jonathan Reynolds on Tuesday, the Ministry of Commerce said. The two sides exchanged views on economic and trade issues of mutual concern, including electric vehicles. No further details of the discussion were disclosed.
TREE NEWS update: Iran’s Supreme National Security Council secretary Rezaei said in an interview broadcast by Lebanese media on November 11 that if the United States attacks Iran again, Tehran will no longer target only nearby US bases. Rezaei said Iran would first strike all nearby US bases, then distant bases not previously attacked, and could even hit islands the US believes are beyond the reach of Iranian missiles.
TREE NEWS update: Bank of Japan policy board member Toichiro Asada said the BOJ does not directly manage exchange rates and therefore cannot comment on what level is appropriate for the dollar-yen pair. He said the central bank could still raise or cut rates even after the policy rate reaches a level consistent with its goals, and that the neutral rate may be slightly above the current policy rate. Asada said he does not oppose a rate hike and may need to raise rates gradually at some point, but must be careful about the pace.
TREE NEWS update: Polling opens Nov. 16 on a Zcash draft proposal that would end the Zcash Community Grants (ZCG) 8% funding stream and redirect 50,000 ZEC into a locked development and legal-defense reserve. The plan would replace the grants treasury allocation with the new reserve. No vote outcome has been reported.
TREE NEWS update: Zhuanzhuan Group’s general manager of quality inspection, Li Jincheng, spoke at a China Pavilion side event during the 31st UN Climate Change Conference (COP31), held in Antalya, Turkey, from Nov. 9 to 20, presenting the company’s practices in recycling and reusing second-hand electronic devices. The appearance highlighted the circular-economy role of second-hand electronics resale in climate discussions.
TREE NEWS update: Siemens reported fourth-quarter revenue of €23.68 billion, up 11% year on year and above the €23.2 billion estimate. Q4 orders rose 58% to €34.77 billion, beating the €27.52 billion consensus, while free cash flow increased 4.7% to €5.56 billion. The company proposed a full-year dividend of €5.50 per share, up from €5.35 a year earlier and below the €5.58 market estimate.
TREE NEWS reports: The Taiwan dollar fell 0.3% to 32.960 per US dollar, extending its decline against the greenback. The move marks a weaker level for the currency as it trades near the 33 mark.
TREE NEWS reports: Allianz reported third-quarter operating profit of €4.71 billion, ahead of the €4.2 billion estimate, with property-casualty operating profit at €2.20 billion and life/health at €1.47 billion. Revenue for the quarter reached €44.4 billion. The insurer now expects full-year operating profit of €16.4 billion to €18.6 billion, raising the top end from €18.4 billion, versus a market estimate of €18.3 billion.
TREE NEWS update: South Korea will permit crypto exchanges to freeze withdrawals when hacking threats are detected, following recent security incidents involving domestic platforms. The incidents include GOPAX’s precautionary suspension of services and a $70,000 hot-wallet breach at Prabang.
TREE NEWS reports: China’s A-share defence sector rallied against the broader market on Thursday, with Great Wall Military Industry approaching its daily limit-up. Aerospace Nanhu rose more than 13%, while Beifang Changlong, Shengnan Technology, Guoke Military Industry, Inner Mongolia First Machinery and Construction Industry quickly followed higher.
TREE NEWS reports: Hong Kong’s Hang Seng Tech Index fell more than 2% on the day, with Alibaba Group shares dropping over 5%. Chinese AI developers Zhipu and MiniMax each declined about 8% in the same session. No specific catalyst for the selloff was given in the market data.
TREE NEWS reports: The ChiNext Index fell more than 2% on the day after rising nearly 2% in early trading, with precious metals, gaming, robotics and short-drama sectors leading the declines. More than 4,600 stocks fell across the Shanghai, Shenzhen and Beijing markets.