TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.8% lower at 24,121.40 on Monday, with the Hang Seng Tech Index also down 0.8%. Alibaba and NetEase each fell more than 2%, while Li Auto and JD.com dropped 1.9%.
TREE NEWS reports: The People’s Bank of China set the yuan’s daily midpoint against the dollar at 6.7174, 17 pips stronger than the previous fix of 6.7191. The prior official closing price was 6.6705, and the overnight session closed at 6.6749.
TREE NEWS reports: Taiwan’s TAIEX weighted stock index opened 0.2% lower at 44,180.46 points on the latest trading session. The benchmark’s soft open reflects a modest pullback at the start of trading. No further detail on sector or stock-level moves was provided.
TREE NEWS reports: Palm oil and NR20 rubber main contracts rose more than 2% at the commodity futures open, while propylene, live hogs and BR rubber gained nearly 2%. Platinum, coking coal, Shanghai gold and iron ore main contracts each fell more than 1%. The moves came at the start of the trading session.
TREE NEWS reports: FTSE China A50 index futures opened 0.04% lower in early trading, after the previous session’s night trading closed up 0.07%. The move reflects modest positioning in the offshore gauge of mainland Chinese large-cap stocks.
TREE NEWS reports: Bernstein downgraded Nvidia from Outperform to Market Perform and cut its price target to $200 from $400. The move halves the brokerage’s target for the chipmaker’s shares. No reason for the downgrade was given in the material.
TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges totaled 2.27 trillion yuan (22656.44 billion) as of Nov. 11, up 7.49 billion yuan from the previous trading day. The Shanghai Stock Exchange’s margin balance stood at 1.18 trillion yuan, an increase of 2.36 billion yuan, while the Shenzhen Stock Exchange’s balance reached 1.09 trillion yuan, up 5.14 billion yuan.
TREE NEWS reports: SlowMist founder Yu Xian warned that the new Telegram feature allowing apps to be embedded directly in messages lacks sandbox protection, and its use of QuickJS could become a pathway for executing malicious code. He said the design introduces unnecessary risk and noted that AI-driven vulnerability discovery and exploitation is now far more capable than before, advising users to hold off on updating Telegram.
TREE NEWS update: Iran’s Supreme National Security Council secretary Rezaei said on the 12th that if the United States launches another military attack on Iran, European military bases involved in the aggression would also become targets. In a social media post, he said that from West Asia to Europe, every base participating in the aggression would be a legitimate target for Iran’s devastating strikes, adding that there would be “no safe place.”
TREE NEWS reports: The White House did not intervene in decisions made by Nvidia’s board of directors. The statement follows scrutiny of the chipmaker’s governance. No further details on the nature of the board decisions or the timing of the denial were provided.
TREE NEWS update: The Shenzhen Stock Exchange announced an adjustment to its Stock Connect eligible securities list, effective November 12, 2026. Transsion Holdings has been added to the list. The notice did not specify any other changes or provide further details.
TREE NEWS update: A senior executive at China Vanke’s Hainan regional unit said on the evening of Nov. 11 that reports of the team being disbanded and the company starting to return land are “untrue.” The Hainan region has not dissolved its team or exited operations, with multiple projects under construction proceeding normally and key developments ranking among the top in Hainan’s property market. Several employees who recently left Vanke Hainan also confirmed the claims were false.
TREE NEWS reports: Crypto hacks have cost the industry about $26.9 billion since 2017, against roughly $47 billion in total on-chain revenue over the same period, ARK Invest digital asset research head Lorenzo Valente said on Nov. 12. That works out to about 57 cents stolen for every dollar of on-chain revenue generated. The Binance hack alone, at $6.36 billion, exceeded the industry’s entire 2026 on-chain revenue, Valente said, calling security the industry’s bottleneck.
TREE NEWS reports: A wallet linked to Anchorage Digital has transferred a total of 100 million ENA, worth about $15.29 million, to Coinbase over the past two days, on-chain data from Arkham shows. The wallet still holds roughly $12.75 million in MORPHO and $7.74 million in SKY. About eight months ago, an address tagged Anchorage Digital sent the wallet 2.5 million USDC, possibly for token purchases.
TREE NEWS reports: Samsung Electronics shares rose 3% on Wednesday. The gain came as the broader South Korean equity market traded higher. No further details on the move were immediately available.
TREE NEWS update: Nvidia’s board has opened an investigation after CEO Jensen Huang acknowledged an extramarital affair with Kimberly Powell, the company’s 48-year-old vice president of healthcare, who reports to him. Five former Nvidia employees said the relationship had not previously been reported, and two people familiar said Huang, 63, and Powell were seen in intimate contact at a San Jose hotel during Nvidia meetings in March. Both are married. The board is also reportedly preparing to remove Huang as CEO and is working with an outside firm to find candidates.
TREE NEWS reports: HSBC is exploring ways to strengthen its Singapore business, the bank said. The move would expand its presence in the Southeast Asian financial hub. No further details were provided on the scope, timing or investment involved.
TREE NEWS update: China’s cumulative grid-connected offshore wind capacity and annual new installations have ranked first globally for five consecutive years, each accounting for more than half the world total, with annual generation exceeding 100 billion kWh. The figures were disclosed at the 2026 Offshore Wind Modern Industry Chain Joint Action Conference, which also noted continued progress in offshore wind development and steadily expanding installed capacity this year.
TREE NEWS reports: CITIC Securities said demand for domestically produced compute is accelerating as sustained capital expenditure pushes the supply chain into an earnings-realization phase. The brokerage said dual capex drivers from telecom operators and cloud providers are speeding construction of intelligent computing centers and super-node clusters in China, with performance realization windows opening sequentially across supply-chain segments. It flagged IDC, connectors and switches as core domestic-compute segments to watch.
TREE NEWS reports: Zcash’s monthly active developer count has roughly doubled over the past two years, even as the broader crypto developer pool has fallen from its peak, Grayscale research head Zach Pandl wrote. About 70% of Zcash’s active developers have more than a year of crypto development experience, versus 58% industry-wide, combining zero-knowledge proof expertise with post-quantum cryptography research. Grayscale said the growing developer community could support protocol innovation and eventually feed into ZEC’s valuation.