TREE NEWS reports: China A-share CPO concept stocks reversed early gains and turned lower in afternoon trading, with the group known as “Yi Zhong Tian” falling collectively. Zhongji Innolight dropped more than 5%, Eoptolink fell over 3% and T&S Communications declined more than 1%.
TREE NEWS update: Bank of Japan board member Junichiro Asada said consumer spending is not necessarily strong and is currently insufficient to serve as a driver of the economy. The BOJ will continue to maintain close communication with the government, Asada said. The remarks point to caution over the strength of domestic demand as the central bank weighs its policy path.
TREE NEWS update: Israel’s military said in a statement on the 12th that it struck a senior Hamas official and other militants overnight on the 11th at a hospital in the southern Gaza Strip. The statement did not name the senior official. The operation targeted the Palestinian Islamic Resistance Movement (Hamas).
TREE NEWS update: The Chongqing Municipal People’s Government Office issued a three-year action plan (2026-2028) for a token-driven data industry, targeting more than 100,000P of citywide dispatchable intelligent computing capacity by 2028. The plan calls for token testbeds in urban governance, industrial manufacturing, healthcare and logistics, plus over 20 token innovation platforms, 40-plus industry vertical models and agent clusters, and 100-plus high-quality datasets and trusted data spaces.
TREE NEWS reports: Shanjin International dropped more than 8% as A-share precious metals stocks extended losses. Chifeng Gold, Western Gold, Zhaojin Gold, China Gold and Sichuan Gold each fell over 5%. The declines hit the sector broadly, with the named miners among the biggest movers in the selloff.
TREE NEWS update: Iran’s Supreme National Security Council secretary Rezaei said on Nov. 11 that no enriched nuclear material will be allowed to leave Iran, citing its use in nuclear-powered ships, submarines and possible small modular reactors. He said Tehran has set seven conditions for opening the Strait of Hormuz and that Washington’s response so far was “deceptive” and rejected, demanding a clear answer to the seven conditions.
TREE NEWS reports: China’s tablet PC shipments totaled 6.6 million units in the third quarter of 2026, down 22.3% year on year, IDC said on November 12. It was the first quarter in 12 to fall below 7 million units, and the steepest decline since the first quarter of 2020. Sub-1,000-yuan models shrank 51.4% as rising costs pushed vendors out of the entry-level segment, while devices priced at 3,000 yuan and above accounted for about 45% of shipments.
TREE NEWS reports: China’s ChiNext Index fell 1% on the day, while the Shanghai Composite slipped 0.24% and the Shenzhen Component dropped 0.7%, with the three major A-share benchmarks extending their decline through the session. The move marked a continued pullback across the mainland equity market, with the growth-focused ChiNext posting the steepest loss among the three.
TREE NEWS reports: Fujian Cement surged to its daily limit-up in A-share trading, leading a rally among Fujian-focused local stocks. Pingtan Development, Haixia Innovation, Luqiao Information and Fujian Jinsen all posted gains, tracking the sector move. No specific catalyst for the advance was disclosed in the trading reports.
TREE NEWS reports: Binance chief security officer Jimmy Su described in a July interview how fake coding assessments could compromise employee devices — a tactic later used in the exchange’s record-breaking $6.3 billion hack. The link between the earlier warning and the attack was drawn in reporting on the incident. Binance has not said whether the technique was confirmed as the entry point.
TREE NEWS update: Indonesia’s Vice President Gibran Rakabuming Raka submitted his resignation to the chairman of the People’s Consultative Assembly, Muzani, on the 12th. The resignation letter was handed over on that date. No further details on the reasons or the next steps were provided in the report.
TREE NEWS reports: The European Union and the United Kingdom are set to postpone the imposition of a 10% tariff on electric vehicles. The delay would avert a new trade barrier between the two markets. No new date for the tariff was given.
TREE NEWS reports: The Taiwan Stock Exchange Weighted Index fell 2% to 43,368.03 points. The decline marked a sharp move lower for the benchmark, which tracks the island’s largest listed companies. No further details were immediately available.
TREE NEWS reports: Bitmine reported a $6.3 billion annual net loss as ether fell 44%, while bitcoin traders raised the odds of a sub-$70,000 Christmas, with one desk calling the market “ripe for a squeeze.” The figures and market positioning were reported in a newsletter roundup.
TREE NEWS reports: The United States proposed forming a new Russia-Europe security architecture agreement to end the Russia-Ukraine conflict during the just-concluded Russia-US-Ukraine trilateral talks, and has asked Russia to submit its own proposal for such a deal, Axios reported on the 11th, citing people familiar with the matter.
TREE NEWS update: Elon Musk replied “That would be an honor” on X on November 12 after the financial commentary account ZeroHedge posted “Elon please hire Jensen,” suggesting he hire Nvidia CEO Jensen Huang. The exchange was a brief social media interaction with no further details on any hiring discussion.
TREE NEWS update: Elon Musk said SpaceX would be happy to take back its compute capacity if Anthropic stops leasing it after mid-2027, but suggested the opposite may happen. The SpaceX CEO made the comment on X in response to reports that Anthropic could end the arrangement. He did not provide further details.
TREE NEWS update: Ben Squires, chief investment officer of Australia’s Engis Super, said on November 12 at the Shanghai Stock Exchange International Investor Conference that China’s economy is highly resilient and he sees investment opportunities in Chinese assets. He disclosed that Engis Super began investing in China 16 years ago, initially focusing on venture capital, and was an early investor in the Xiaomi ecosystem.
TREE NEWS update: Nanjing auctioned four residential land plots on November 12, with all four selling at the reserve price for a combined 2.185 billion yuan. The parcels cover a total land area of 75,542.94 square meters and a planned gross floor area of 145,647.78 square meters, with the same 2.185 billion yuan total starting price.
TREE NEWS reports: The STAR 50 Index gained 2.35% in morning trading, led by a broad rally in computing-power chip stocks. Hong Kong’s Hang Seng fell 0.9% and the Hang Seng Tech Index dropped 1.4%, with Zhipu down more than 5% and Alibaba nearly 5%. The CSRC said it will further broaden long-term funding sources, channels and market-entry methods to keep markets stable.