Cointime update: SigmaStar Technology has received filing approval from the China Securities Regulatory Commission to issue overseas-listed shares (H shares), the company disclosed. The CSRC clearance is a required step before the Shenzhen-listed chipmaker can proceed with a Hong Kong listing. No timetable, offering size or pricing details were given in the filing notice.
Cointime reports: The UK’s FTSE 100 extended gains to 1%, breaking above its previous closing record high set in February. The index’s move above that level marks a fresh closing peak for the benchmark. No further details were immediately available.
Cointime reports: Europe’s Stoxx 600 index broke through its August record closing high, setting a new all-time closing peak. The pan-European benchmark surpassed the previous closing level reached in August, extending its advance. No further details on the session’s move were disclosed.
Cointime reports: European equities opened higher on the day, with Germany’s DAX up 0.05%, the UK’s FTSE 100 up 0.95%, France’s CAC 40 up 1.01% and the Euro Stoxx 50 up 0.32%. Rheinmetall shares fell 13% after the company cut its sales guidance, while Maersk dropped 12% after issuing guidance below market expectations.
Cointime update: The 2026 World Internet Conference Wuzhen Summit concluded on Nov. 5, drawing more than 1,800 guests from over 130 countries and regions under the theme of open-source openness and shared development, with a focus on AI open-source. The Internet Light Expo featured 671 companies and institutions from 54 countries, showcasing over 1,000 new products and technologies, and drew a record single-day attendance of more than 20,000. The Digital Economy Industry Cooperation Conference collected 116 signed projects, with contract value exceeding 100 billion yuan for the fourth consecutive year.
Cointime reports: Switzerland’s unadjusted unemployment rate for October came in at 3%, matching the expected 3% and unchanged from the prior reading of 3%. The figures, published as the country’s monthly labor market update, show the jobless rate holding steady at the start of the fourth quarter.
Cointime update: Changxin Bochuang conducted its first share buyback on November 4, 2026, repurchasing 425,000 shares, or 0.14% of total share capital, at prices between 116.46 yuan and 118.30 yuan per share. The total transaction value was 49.9807 million yuan, excluding trading fees.
Cointime reports: South Korea’s KOSPI fell 5.50% to 5,371.41 and KOSDAQ dropped 5.11% to 678.4 on Nov. 5, both triggering sell-side circuit breakers after Democratic midterm wins raised fears of tighter AI data center approvals. Samsung Electronics fell 7.8% and SK Hynix 9.81%, while power equipment makers Hyosung Heavy Industries, HD Hyundai Electric and Sanil Electric slid 10.10%, 7.53% and 12.84%.
Cointime update: China’s Ministry of Commerce said it will work with the United Nations Development Programme to turn the UNDP’s Shanghai center into an “incubator” for translating policy research into practice, spokesperson Huang Ling told a regular press briefing. The center will share China’s development experience in green, digital and trade fields and support developing countries’ green and digital transitions, she said, to help speed implementation of the UN 2030 Agenda for Sustainable Development.
Cointime update: China and Switzerland signed a protocol to upgrade their free trade agreement in Beijing on October 30, witnessed by the two countries’ heads of state, China’s Ministry of Commerce spokesperson Huang Ling said at a November 5 press briefing. The signing followed nearly two years and five rounds of negotiations. Both sides will now complete their respective domestic procedures to bring the protocol into force.
Cointime update: Sharetronic Data announced it signed a joint financing lease contract with Wuju No. 16 and Xinzhi Zhisuan No. 2, structuring the deal as a direct lease with a financing amount of 5.72 billion yuan and a term of 66 months. The company is also pledging its accounts receivable as collateral for the debt.
Cointime update: China’s Ministry of Commerce said on November 5 that it will work with Oman to advance high-quality bilateral trade and economic cooperation. Ministry spokesperson Huang Ling said China is Oman’s largest trading partner and top destination for Omani crude exports, while Oman is China’s fourth-largest trading partner among Arab states. The two sides are expanding investment and cooperating in oil, power and ports, plus new energy and information technology.
Cointime update: Zhao Leji, chairman of the National People’s Congress Standing Committee, met with NPC deputies attending the 25th session of the 14th NPC Standing Committee on the morning of the 5th. He called on deputies to take the lead in studying and implementing the spirit of the 20th Central Committee’s Fifth Plenum, strengthen their ideological and disciplinary conduct, and improve their ability to perform duties in accordance with the law.
Cointime update: Sichuan issued six special local government bonds across tenors from 5 to 30 years. The largest, a 30-year tranche of 26.35344 billion yuan, priced at a 2.1800% coupon with a 26.10x bid-to-cover margin multiple against an expected 2.15. A second 30-year tranche of 1.531 billion yuan priced at 2.1900%. The 20-year tranche totaled 11.32332 billion yuan at 2.1000%.
Cointime update: China will launch a national computing interconnection regional node in Hubei and debut the “1+M+N” industry nodes at the 2026 China 5G+Industrial Internet Conference, to be held in Wuhan from Nov. 18 to 20, the Ministry of Industry and Information Technology’s news center said on Nov. 4. The event will also start a second batch of “5G+Industrial Internet” integrated application city pilots and host industry-finance matchmaking with state and regional funds.
Cointime update: Huawei unveiled its first HarmonyOS desktop PC, the Qingyun HM650, running HarmonyOS V1.0 on its self-developed Kirin X90 chip. The machine ships with the new Xiaoyi AI agent and HarmonyOS Star Shield Security 2.0 architecture, and supports remote task handoff from HarmonyOS phones with cross-device continuity. More than 21,000 applications have already been adapted for the system.
Cointime update: Foxconn said its AI-related business is expected to continue growing in the fourth quarter, the company stated. It added that the impact of volatility in the global political environment still needs to be closely monitored. The company did not provide specific revenue or growth figures for the AI segment.
Cointime reports: France’s manufacturing output fell 0.7% year-on-year in September, widening from a 0.1% decline in the previous month. The reading marks a deeper contraction for the country’s factory sector as the prior figure was revised from -0.1%.
Cointime reports: France’s industrial production fell 0.5% in September from the previous month, missing expectations of a 0.3% increase, after a revised 0.3% decline in August. The weaker-than-expected reading points to continued softness in the French manufacturing sector.
Cointime update: Huawei’s HarmonyOS PCs have surpassed 1 million units in shipments, Zhu Dongdong, president of Huawei’s terminal tablet and PC product line, said at the HarmonyOS office industry summit. The platform’s standalone ecosystem now hosts more than 21,000 applications, he said.