TREE NEWS update: Republican Senator Kevin Cramer, a member of the U.S. Senate Finance Committee, called for Nvidia CEO Jensen Huang to resign. The call was made public without further stated grounds in the material provided. Nvidia has not commented on the senator’s demand.
TREE NEWS update: South Korea’s antitrust regulator fined more than a dozen local banks and brokerages a record 1.63 trillion won ($1.2 billion) for colluding in government bond auctions over a period of more than three years, following a year-long investigation. The penalty is the largest ever imposed by the country’s competition authority.
TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.3320% on the latest fixing, up 0.87 basis points. The seven-day SHIBOR rose 3.56 basis points to 1.3900%, while the three-month rate was unchanged at 1.4000%.
TREE NEWS reports: AI-related leveraged debt issuance is expected to remain subdued with a higher bar for new deals as borrowing costs rise and potential construction delays weigh on activity, Morgan Stanley said. October AI-linked leveraged finance issuance totaled just $5 billion, all from a single borrower, Volta Infrastructure Holdings Ltd., which raised the funds via a term loan priced at a yield above 11%.
TREE NEWS update: China will continue negotiating and signing joint economic partnership agreements with African countries that have diplomatic ties to Beijing, the Ministry of Commerce said. Song Lihong, a first-level inspector at the ministry’s comprehensive department, said China has signed 19 free trade agreements with 25 Belt and Road partner countries and will push for early entry into force of the China-ASEAN FTA 3.0 and the upgraded China-Georgia FTA protocol. It will also seek to expand and upgrade RCEP and strengthen cooperation on digital economy and green development rules.
TREE NEWS update: The State Council Taiwan Affairs Office said on November 11 that it welcomes and supports more Taiwan-based creators to participate in micro-drama production on the mainland. The statement came at a regular press conference in response to a question about the popularity of mainland micro-dramas in Taiwan, where related apps have topped download charts and sparked wide discussion on social media.
TREE NEWS update: Anthropic began its IPO roadshow on Nov. 10, setting a price range of $70 to $78 per share ahead of a Nov. 18 pricing and a Nov. 19 Nasdaq listing under the ticker ANT. The company’s 57-page roadshow deck shows Q3 2026 revenue of $16.956 billion, more than 12 times the year-ago quarter, with an adjusted operating margin of 15% and a long-term target above 35%. Compute commitments total about $900.9 billion.
TREE NEWS update: The Export-Import Bank of China issued a 1-year bond of CNY 1 billion with an issuance rate of 0.0000%, against an expected 1.3800%. The bid-to-cover ratio was 1.00 times, and the marginal bid ratio was also 1.00 times. The issuance was announced with the coupon at zero percent.
TREE NEWS update: China’s Ministry of Commerce will deepen trade and economic cooperation under the Belt and Road Initiative during the 15th Five-Year Plan period, said Song Lihong, a first-level inspector at the ministry’s general affairs department, at a National Development and Reform Commission briefing on Nov. 11. The plan includes expanding green trade and cross-border e-commerce with partner countries and fully implementing zero-tariff treatment for African countries with diplomatic ties to China.
TREE NEWS reports: Ruida Intelligence Drives rose as much as 20% to hit its daily limit-up on the A-share market, leading a renewed rally in Chinese robotics concept stocks. Fenglong, Hanwang Technology, Dalong, Rifa Precision Machinery and Zhongzhong Technology also closed at their upper limits, while Delta and Jiangsu Beiren gained more than 10%.
TREE NEWS reports: The MMLC battery-grade lithium carbonate early-session midpoint price stood at 89,400 yuan per tonne, down 2,450 yuan from the previous day’s 16:30 level. The decline reflects the latest move in the lithium compound used in EV and energy-storage batteries.
TREE NEWS reports: Japan’s Nikkei 225 and Topix indexes each gained 0.8% by the morning session close. The two benchmarks moved in tandem through the morning, with both ending the half-day up the same percentage. No further detail on drivers or individual stocks was provided.
TREE NEWS update: The Korea Exchange activated its sidecar mechanism on KOSDAQ, temporarily suspending programmatic buy orders. The circuit breaker halts algorithmic purchasing on the tech-heavy exchange for a set period once futures prices move sharply. No resumption time or trigger threshold was disclosed.
TREE NEWS update: Alphabet is in talks with multiple banks to arrange its first-ever bond issuance denominated in Hong Kong dollars and Singapore dollars. The company has not disclosed the size, tenor or pricing of the planned sale. The move would mark Alphabet’s debut in both the HKD and SGD debt markets.
TREE NEWS update: Zhou Xiaoxin, an academician of the Chinese Academy of Sciences and a foreign member of the US National Academy of Engineering, said green hydrogen is expected to account for 9.2% of total energy consumption by 2045 and 18.3% by 2060. He made the projection on Nov. 11 at the 2026 Sixth Global Hydrogen (Lujiazui) Forum.
TREE NEWS update: China’s National Development and Reform Commission will expand trade and investment cooperation with Belt and Road partner countries during the 15th Five-Year Plan period, said Liang Linchong, director of the NDRC’s regional opening-up department, at a press conference on Tuesday. The plan includes advancing “small but beautiful” projects, expanding cooperation in emerging fields, deepening cultural exchanges, and improving a diversified, sustainable investment and financing system for risk prevention.
TREE NEWS update: Shanghai will implement a fully revised roadside parking fee policy from Nov. 18, 2026, following a joint notice issued by the municipal development and reform commission, transport commission and finance bureau with city government approval. The overhaul, the first since 2005, covers short-term free parking, shorter billing units, revised charging zones, daytime and nighttime rates, and monthly parking for residents.
TREE NEWS update: JD.com began internal testing of a standalone short-drama product, “JD Drama Benefits Club,” on Nov. 10, offering free viewing with rewards for watching and direct purchase of items featured in shows, shipped by JD.com. The platform is using short dramas as a shopping-guidance tool to convert viewers into buyers rather than as an entertainment play, though the feature is still in testing and no e-commerce jump links were found in actual use.
TREE NEWS update: China’s procuratorate has filed public charges against Xiao Jie, former deputy director of the Hainan Provincial People’s Congress Standing Committee and former member of its Party leadership group, over bribery involving what prosecutors described as an especially large sum. The case has been brought to public prosecution, state broadcaster CCTV reported. No further details on the amount or the court handling the case were given.
TREE NEWS update: Japanese Prime Minister Sanae Takaichi said she has no intention of pursuing fiscal policy that would trigger excessive inflation, adding that she expects the Bank of Japan to implement appropriate monetary policy to achieve its 2% inflation target in a sustained and stable manner. The remarks set out the government’s stance on fiscal discipline and its expectation for central bank policy.