TREE NEWS update: Beijing issued an action plan for embodied AI robotics covering 2026-2028, aiming to cultivate at least five world-class and ten domestically leading humanoid robot manufacturers by 2028. The plan targets internationally advanced embodied AI models, robot bodies and key technologies, with the Beijing-Tianjin-Hebei region accounting for 25% of national complete-unit capacity and over 60% local sourcing of key components.
TREE NEWS update: Federal Reserve official Paulson said gradual policy tightening appears appropriate at present, while fellow Fed official Goolsbee said the U.S. faces a genuine inflation problem that must be addressed. The remarks came as China’s ChiNext Index rose nearly 1% in the morning session, Hong Kong’s Hang Seng fell 0.8% and the Hang Seng Tech Index dropped 1.4%, and OpenAI reported third-quarter revenue rising to $10 billion while continuing to face large losses.
TREE NEWS update: European Central Bank executive board member Piero Cipollone participates in a digital euro roundtable online at 15:50 Beijing time, one of several ECB appearances scheduled for the day. ECB President Christine Lagarde attends the ninth Paris Peace Forum at 17:45, while German central bank chief Joachim Nagel discusses challenges facing Germany’s economy and Europe’s future at 16:15. Germany’s final October CPI reading is due at 15:00.
TREE NEWS update: Eoptolink said on its investor interaction platform that it has made sufficient raw-material and capacity preparations to meet growing order-delivery demand, and expects its gross margin level to remain relatively stable going forward. Both its Chengdu and Thailand factories are undergoing large-scale capacity expansion, with customer demand currently strong and order delivery proceeding normally.
TREE NEWS update: AgiBot has released LIFE, a lifelong embodied intelligence framework that combines continuous perception, long-term memory and capability reuse, allowing robots to gather environmental information during and between tasks and use past observations to inform later decisions. The company also opened its RoboBeats model and evaluation resources. The release was announced in recent days.
TREE NEWS reports: Standard Chartered said the likelihood of the Federal Reserve raising rates by 0.5 percentage points in December is increasing, though it is not yet conclusive. The bank noted underlying inflation appears to have no downward trend and may even be rising. It expects a milder hiking scenario, with manufacturing and non-manufacturing ISM indices both well above 50.
TREE NEWS reports: Tron Inc reported third-quarter 2026 net income of $14.9 million, up 22% year-over-year, driven by growth in unrealized staking revenue. Nine-month net income reached $39.4 million, a 203% increase from the prior year.
TREE NEWS update: China’s Ministry of Finance issued 40 billion yuan of 63-day bonds at a 1.0506% yield, with a marginal rate of 1.1029% against an expected 1.1000%, drawing bids 3.12 times the offering. It also sold 60 billion yuan of 182-day bonds at 1.1111%, with a marginal rate of 1.1578% versus an expected 1.1200%, on a bid-to-cover ratio of 2.78 times.
TREE NEWS update: Cohere Inc. CEO Aidan Gomez said AI compute supply is severely short, with his company struggling daily to secure enough capacity to operate. “We really have to fight to get compute resources,” Gomez said, citing shortages of energy, facilities and chips. He also said Nvidia CEO Jensen Huang’s departure would be a major blow.
TREE NEWS update: CoreWeave reported third-quarter revenue of $3.661 billion, up 168% year over year, and adjusted EBITDA margin of 62%, sending shares up 7.9% after hours to $52.58 on Nov. 10. The AI cloud provider raised its 2026 revenue guidance to $13.0–13.3 billion and said its 2028 capacity is sold out. Total debt reached $46.87 billion, with combined debt and lease liabilities of about $66.22 billion.
TREE NEWS reports: The ChiNext Index rose 0.99% at the midday close on Nov. 11, while the Shanghai Composite fell 0.24% and the Shenzhen Component gained 0.11%. Computing hardware shares rebounded, with Cambridge Technology and Qingshan Paper hitting the daily limit; robot and AI comic-drama concepts also advanced. Combined turnover reached 935.4 billion yuan, with 2,704 stocks up and 2,307 down.
TREE NEWS update: Nanjing sold five residential land plots on Nov. 11 for a combined 3.563 billion yuan ($490 million), against a total starting price of 3.539 billion yuan. Four plots sold at the reserve price and one drew a premium: a site in Jiangning district went for 624 million yuan after 24 rounds of bidding, at a floor price of 13,560 yuan per square meter, a 4% premium. The plots covered a total land area of 213,735.20 square meters.
TREE NEWS reports: The MSCI Asia-Pacific index rose 1% to 256.59 on the day, marking a broad gain across the region’s equities. No further details on sector performance or individual markets were provided in the data point.
TREE NEWS reports: Optical communication stocks in China’s A-share market rallied collectively, drawing nearly 6 billion yuan in net main-force inflows within the first 30 minutes of trading, the highest of any sector on the two exchanges. The move followed market chatter tied to US tech giant Microsoft, which traders interpreted as sentiment-positive for China’s optical module sector.
TREE NEWS update: A Hong Kong court has adjourned the hearing of a winding-up petition against Chinese property developer Shimao Group to Dec 23. The petition hearing was originally scheduled for an earlier date. Shimao Group is a mainland China-based real estate developer.
TREE NEWS reports: Shares of Chinese optical-module makers Eoptolink, Zhongji Innolight and TFC Optical Communication rose together, with Eoptolink gaining more than 10%, Zhongji Innolight more than 9% and TFC more than 7%. The ChiNext Index extended its gain to 1.2%.
TREE NEWS reports: The ChiNext Index climbed more than 1% on Tuesday, with computing hardware, short-drama and robotics stocks posting the largest gains. Nearly 2,800 stocks across the Shanghai, Shenzhen and Beijing exchanges advanced, pointing to broad participation in the session’s rally.
TREE NEWS reports: Goldman Sachs kept its forecast for a second 25-basis-point Federal Reserve rate hike in December and added a third 25-bp hike in March 2027, after US October CPI came in well above expectations. The bank said the third hike could come as early as January, but March is slightly more likely because November and December inflation data are expected to be milder, while larger price increases early in the year are seen pushing January inflation higher.
TREE NEWS update: Minnesota Representative Tom Emmer will remain House Republican whip after Democrats won the midterms, keeping a crypto ally in a senior GOP leadership post. Emmer, who helped establish the Congressional Crypto Caucus, is staying on as whip. The leadership decision was reported following the midterm elections.
TREE NEWS reports: Nvidia shares fell for a second straight session on Tuesday, dropping as much as 6% intraday and wiping out nearly $430 billion in market value over two days, with losses reaching $1.2 trillion over the past 10 sessions. Microsoft briefly overtook Nvidia to become the world’s second-most-valuable company before falling back 2.2%. A shareholder lawsuit filed Monday in California accuses Nvidia and CEO Jensen Huang of misleading investors, while the board has hired an independent law firm to investigate.