Cointime reports: China’s Ministry of Finance awarded its 1-month treasury cash deposit at a 1.42% rate, down from 1.44% at the previous auction, while the 2-month tenor cleared at 1.47%, up from 1.46%. The commercial bank deposit rates for state treasury funds were set in the latest centralised operation by the ministry.
Cointime reports: Japan’s Nikkei 225 fell 0.4% at the morning session close, while the broader Topix gained 1.5%. The two benchmarks moved in opposite directions over the session, with the Topix outperforming the Nikkei by roughly 1.9 percentage points at the morning close.
Cointime reports: The MMLC battery-grade lithium carbonate midprice stood at 91,850 yuan per tonne in early trading, down 950 yuan per tonne from the previous day’s 16:30 price. The early-session quote reflects the latest benchmark for the key battery material.
Cointime reports: Combined turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan within 50 minutes of the opening bell. The figure was more than 380 billion yuan higher than at the same point in the previous session, pointing to a sharp pickup in trading activity on mainland China’s two main bourses.
Cointime reports: China’s ChiNext Index rose more than 3% and the STAR 50 Index gained over 5%, while the Shanghai Composite added 0.34% and the Shenzhen Component climbed 2.34%. Solar, precious metals, consumer electronics, lithium batteries and semiconductor chips led the advance, with nearly 4,700 stocks across the Shanghai, Shenzhen and Beijing markets closing higher.
Cointime reports: Hong Kong’s Hang Seng Index widened its advance to 3% on the day, extending the benchmark’s rise as the session progressed. The move marks a further pickup in Hong Kong equities, though the material did not specify the drivers or the index level at which the 3% gain was reached.
Cointime update: Dalian issued 7-year other special local government bonds totaling 314 million yuan at a coupon of 1.4400%, with a marginal bid-to-cover ratio of 1.40 times against an expected 1.44 times. The city also priced a 7-year general bond of 4.5 billion yuan at the same 1.4400% rate, a marginal ratio of 1.95 times, and 10-year general and ordinary special bonds at 1.6300%.
Cointime update: The 9th China International Import Expo opened in Shanghai on November 5, drawing 4,142 overseas companies from 162 countries, regions and international organizations. The event’s total exhibition area exceeded 440,000 square meters for the first time, with the enterprise exhibition surpassing 370,000 square meters. More than 300 Fortune Global 500 and industry-leading companies are participating, and over 480 representative products are making global, Asian or China debuts, a record high.
Cointime update: Chinese prosecutors have filed a public prosecution against Ma Xingrui, former member of the Communist Party of China Central Politburo and former deputy head of the Central Rural Work Leading Group, on charges of accepting bribes. The case has been formally brought before a court, marking a rare prosecution of a figure at the highest level of the Party hierarchy.
Cointime reports: Morgan Stanley said the risk-reward for some Chinese equities has improved, citing stronger “national team” support, and screened 10 stocks with solid fundamentals that are oversold and offer buy-the-dip opportunities. The list includes Zhongji Innolight, Cambricon, Hygon Information, Luxshare Precision, GigaDevice, Sungrow Power, Zijin Mining, Innovent Biologics, China Jushi and Defu Technology.
Cointime reports: The Hang Seng Tech Index extended its intraday rally on the day, with gains widening to 4.6%. The broader Hang Seng Index rose 2.9% over the same session. No further details on drivers or individual constituents were provided.
Cointime reports: The Shanghai Composite turned positive on the day, while the Shenzhen Component and ChiNext Index each rose more than 1% and the STAR 50 gained over 2%. Solar, precious metals, short-drama and lithium battery shares led the advance, with nearly 4,500 stocks across the Shanghai, Shenzhen and Beijing exchanges closing higher.
Cointime update: Zhuhai’s Natural Resources Bureau on November 4 published a price notice for reclaiming one parcel of idle state-owned construction land from a Huafa-affiliated land-use rights holder, valued at 181 million yuan. The move follows Ministry of Natural Resources rules allowing local governments to use special-purpose bond funds to buy back idle land, and was agreed with the rights holder after municipal government approval.
Cointime reports: Chinese A-share semiconductor chip stocks extended their rebound, with Youyan New Materials, Xiandao Jidian and Broadcom Integrated Circuit hitting the daily limit-up. Jingyi Equipment rose more than 12%, while Centec Networks, Huafeng Test & Control, Bestechnic and Torrance gained over 7%. The moves mark a continued recovery in the sector’s shares.
Cointime reports: The ChiNext Index and Shenzhen Component Index both turned positive on the day, with solar equipment, precious metals, civil aviation airports and baijiu leading gains. More than 4,300 stocks advanced across the Shanghai, Shenzhen and Beijing markets.
Cointime reports: The Shenzhen Component Index reversed into positive territory, while the Shanghai Composite and ChiNext Index narrowed their declines, with solar equipment, precious metals, civil aviation airports and baijiu leading gains. More than 3,800 stocks rose across the Shanghai, Shenzhen and Beijing markets.
Cointime reports: Hong Kong’s Hang Seng Tech Index extended its early gains to 3% at the open, while the broader Hang Seng Index rose 2%. NetEase climbed more than 7%, outpacing the tech benchmark, while Lenovo Group fell more than 10% against the market trend. No specific catalysts for the moves were disclosed.
Cointime reports: The CSI Convertible Bond Index opened 0.14% lower, with Weidao, Xianfeng, Aohong, Lianrui and Jingce-2 convertibles leading declines at 3.10%, 2.92%, 2.90%, 2.84% and 2.82% respectively. Tianyuan, Jincheng, Jinlang-02, Fengmao and Fuxin convertibles led gains at 2.77%, 2.65%, 2.00%, 1.93% and 1.12%.
Cointime reports: China’s treasury bond futures opened higher on the session, with the 30-year main contract up 0.10%, the 10-year main contract up 0.05%, and the 5-year main contract up 0.01%. The 2-year main contract was flat at 0.00%. No further details were disclosed.
Cointime reports: South Korea’s KOSPI index fell more than 5% intraday, with chipmaker SK Hynix dropping over 7% and Samsung Electronics down more than 5%. The sharp decline marks a broad selloff in Korean equities, with technology and semiconductor shares leading the losses.