TREE NEWS update: Chinese Premier Li Qiang will make an official visit to Thailand from Nov. 13 to 15 at the invitation of Thai Prime Minister Anutin Charnvirakul, the Foreign Ministry announced. He will then travel to Manila from Nov. 15 to 16 to attend the 29th China-ASEAN Summit at the invitation of Philippine President Ferdinand Marcos Jr., the ASEAN chair.
TREE NEWS reports: Anthropic PBC’s widely anticipated IPO risks becoming the peak of the AI rally, with a wave of selling possible once the first lock-up period expires, Copper Sky head Jack Selby said. The Claude chatbot developer is seeking to raise up to $100 billion through an IPO, private placement and a potential over-allotment option. Selby said a disappointing debut would be a major factor in a broader AI correction.
TREE NEWS reports: The Shanghai Composite Index closed at 3,680.64 on the day, up 0.46%. The Shenzhen Component rose 1.32% to 11,389.74, while the ChiNext Index gained 3.11% to 2,572.07. The CSI 300 added 0.41% to 4,075.71, the STAR 50 climbed 2.80% to 1,300.38, the CSI 500 rose 1.01% to 6,713.18 and the CSI 1000 advanced 1.37% to 6,669.55.
TREE NEWS reports: China’s commodity futures closed mixed, with the container shipping Europe-route main contract rising more than 4% and 20-grade rubber up nearly 4%. Rubber gained over 3%, while eggs, ethylene glycol, palm oil, double-adhesive paper, live hogs and soybean meal each rose more than 2%. Aluminum alloy fell more than 2%, and Shanghai gold and Shanghai aluminum each dropped more than 1%.
TREE NEWS reports: Germany’s harmonized index of consumer prices rose 2.8% year-on-year in October, matching both the preliminary reading and analyst expectations. The final figure confirms no revision to the earlier flash estimate. The reading keeps euro-area inflation data in line with prior guidance ahead of the European Central Bank’s next policy assessment.
TREE NEWS reports: Western intelligence assessments indicate Iran can produce about 50 ballistic missiles per month, roughly half its pre-war capacity. The assessments say Iran retains strong retaliatory means should hostilities resume.
TREE NEWS update: Tencent launched its new search product Yuanbao Search on November 11, accessible by entering so.qq.com in any browser’s address bar. Users can also upgrade QQ Browser to the latest version and switch the engine setting to “Yuanbao Search.” The product marks Tencent’s direct entry into web search under the Yuanbao brand.
TREE NEWS update: An oil tanker caught fire in waters east of the Strait of Hormuz, Iran’s Tasnim news agency reported. No casualty figures, damage estimates or details on the vessel’s identity were immediately disclosed. The Strait of Hormuz is the world’s most important oil chokepoint, and any disruption there can move crude prices and broader markets.
TREE NEWS reports: E Fund ChiNext ETF (159915) recorded 10 billion yuan in turnover, rising 3.35%, with several broad-based ETFs exceeding their full-day volumes from the previous session. ChinaAMC STAR 50 ETF (588000) traded 8.2 billion yuan, Guotai CSI A500 ETF (159338) 6.2 billion yuan, GF ChiNext ETF (159952) 1.4 billion yuan and E Fund CSI 1000 ETF (159633) 1.15 billion yuan.
TREE NEWS reports: Japan’s Nikkei 225 closed up 1.3% at 61,248.59 on the session, while the broader Topix rose 0.9% to 3,929.39. South Korea’s Kospi posted a stronger gain, closing up 2.6% at 5,375.36. The moves marked a broadly higher session across major Asian equity benchmarks.
TREE NEWS reports: Nissan Motor reported second-quarter operating profit of 2.12 billion yen, missing the 49.27 billion yen estimate, and a net loss of 43.47 billion yen against an expected 2.08 billion yen profit. Net sales came in at 3.11 trillion yen, above the 3.07 trillion yen estimate. The automaker kept its full-year operating profit forecast at 200 billion yen but now expects global vehicle sales of 2.97 million to 3.00 million units, down from 3.15 million previously.
TREE NEWS update: China’s State Administration for Market Regulation approved and released two national standards for carbon capture, utilization and storage (CCUS), covering methods for evaluating CO2 geological storage potential in oil and gas areas and experimental methods for assessing CO2 storage volume in geological bodies. The standards aim to shore up the “last mile” of carbon storage.
TREE NEWS update: Tesla China said a circulating document dated Nov. 10 that claims Tesla vehicles are being recalled over rear shock absorber and spring defects, with 2,800 yuan in compensation per vehicle, is a scam. The fake notice says the money would be paid through “China UnionPay Center” to owners’ UnionPay, Alipay or bank accounts. Tesla urged users not to click related links.
TREE NEWS update: Kunlunxin completed first-day adaptation and tuning of MiniMax’s open-source H3-Image model on November 10, becoming one of the first domestic compute vendors to support the newly released model. MiniMax officially open-sourced MiniMax H3-Image the same day. The move marks a same-day hardware-software fit between a Chinese AI model release and domestic compute silicon.
TREE NEWS reports: Exports through the customs cross-border e-commerce platform at the Zhuhai Highway Port of the Hong Kong-Zhuhai-Macao Bridge reached 112 billion yuan in the first 10 months of this year, up 33.1% year-on-year and already exceeding the full-year total for 2025. The port now handles more than 3 million export parcels daily, covering over 200 countries and regions.
TREE NEWS reports: Bitmine reported a $6.3 billion net loss for its latest fiscal year, driven by a 44% decline in ether. Nearly $6.23 billion of the net losses came from unrealized fair value losses on digital asset holdings.
TREE NEWS reports: SoftBank shares fell as much as 11% in early Tokyo trading Tuesday after the Japanese tech investor reported a ¥1.12 trillion ($7.1 billion) net loss for its second fiscal quarter, tied mainly to non-refundable prepayments for power-generation equipment at a US data-center project, including a $3.7 billion impairment. The stock later reversed to a 0.8% gain as better-than-expected results from AI compute supplier CoreWeave and reports that Anthropic’s bankers are weighing a higher IPO valuation lifted sentiment across the sector.
TREE NEWS reports: Japan plans to strengthen the capabilities of its Coast Guard. No further details, including the scope, timeline or budget of the planned enhancement, were provided. The move concerns the Japan Coast Guard, the country’s maritime law-enforcement agency.
TREE NEWS update: Cathay Pacific Group has placed an additional order for 14 Airbus aircraft, adding to its fleet. The order was disclosed without further detail on aircraft type, delivery schedule or value. The purchase expands the Hong Kong-based carrier’s Airbus commitment.
TREE NEWS reports: Yuanjie Technology hit its 20% daily limit-up, with turnover of 7.01 billion yuan ($970 million), the stock exchange’s move came as the stock traded at the maximum daily gain allowed. The company’s shares reached the upper limit of the 20% band, a move that halts trading at that level for the session. No further details were disclosed.