Cointime reports: China’s STAR 50 index climbed more than 2% in morning trade before paring gains, while the solar sector rallied broadly. Hong Kong’s Hang Seng Index rose 3.1% at midday and the Hang Seng Tech Index gained 4.8%, with Meituan, Alibaba and Tencent all posting strong gains. South Korea’s stock market fell as much as 5% intraday; Goldman Sachs said a US “blue wave” would significantly affect AI regulation.
Cointime update: The Digital Chamber said Sherrod Brown’s election victory is the “most consequential unfavorable result” for the crypto industry, warning that Democrats will reorient the crypto policy debate toward stronger consumer protections and regulatory accountability. The group’s assessment signals a tougher policy environment ahead for digital assets as Democratic lawmakers take a more enforcement-focused stance.
Cointime update: Moonshot AI announced on Tuesday the release of Kimi Hosted Agents, offering the Harness that powers agents as a cloud service for enterprises and developers. Customers can obtain a 24/7 hosted environment without building or maintaining their own runtime framework, supporting long-horizon task execution and efficient multi-agent collaboration.
Cointime update: China’s State Council financial work report, delivered by PBOC Governor Pan Gongsheng on Nov. 3 to the NPC Standing Committee and published Nov. 5, calls for supporting Central Huijin Investment in playing a quasi-stabilization fund role. The report also pledges to broaden medium- and long-term funding sources and market entry channels, and to safeguard stable operations in stock, bond and foreign exchange markets.
Cointime update: Hunan province issued a 10-year general local government bond totaling 14.016 billion yuan, with an issuance yield of 1.6300%, a marginal bid-to-cover ratio of 1.85 times and an expected ratio of 1.63. The bond carries a 10-year tenor and is classified as a general obligation local bond.
Cointime update: Iran’s Islamic Revolutionary Guard Corps said two oil tankers caught fire in the Strait of Hormuz on Wednesday night. The IRGC statement did not specify the vessels’ identities, flags, cargoes or the cause of the blazes, and gave no casualty figures. The Strait of Hormuz is the world’s most important oil chokepoint, and any disruption there affects global crude flows.
Cointime update: Crédit Mutuel Arkéa has confirmed it suffered a cyberattack after on-chain investigator ZachXBT flagged $133 million in suspected losses. The French bank did not confirm the exact amount lost but validated the order of magnitude of the $133 million figure. The disclosure follows ZachXBT’s public flagging of the suspected losses.
Cointime reports: Goldman Sachs said the US midterm election results amount to a “blue wave” that could significantly affect regulation of artificial intelligence and data centers. The bank wrote that Democrats won House and Senate majorities by a far wider margin than expected, and it expects them to use upcoming fiscal deadlines to seek policy concessions, particularly limits on the Iran war, reversal of some tariffs and rollback of recently implemented spending cuts.
Cointime reports: Spot gold climbed more than 2% during the session and was quoted at $4,145.01 per ounce. The move marks a sharp intraday gain for the precious metal, with the price holding above the $4,100 level.
Cointime update: Chinese Foreign Minister Wang Yi met a North Korean Workers’ Party delegation led by Kim Song Nam in Beijing on December 5. Wang said China is ready to work with North Korea to implement the consensus reached by the two countries’ top leaders and deepen bilateral relations. He also briefed the delegation on the Fifth Plenary Session of the 20th CPC Central Committee.
Cointime update: South Korea’s Ministry of National Defense said on the 5th local time that it will expand the operational area of the Cheonghae Unit, currently conducting escort missions in the Gulf of Aden, to southern Oman, bringing it closer to the Strait of Hormuz. The ministry is also deploying additional maritime patrol aircraft, explosive ordnance disposal teams and unmanned minesweeping equipment.
Cointime reports: Boeing and ServiceNow are among the issuers objecting to the OKX–ICE stock trading venue, leaving eight of the venture’s 63 originally proposed symbols without a disclosed opt-out. The objections bring the total number of issuers opposing the listing plan to 62. The venue, a joint effort by OKX and Intercontinental Exchange, has not commented on the opt-outs.
Cointime reports: The Shanghai Composite ended the morning session at 3,689.79, up 0.10%, while the Shenzhen Component rose 1.44% to 11,498.77. The ChiNext Index gained 1.24% to 2,576.28, the CSI 300 added 0.36% to 4,115.93, and the STAR 50 climbed 2.11% to 1,292.12. The CSI 500 rose 1.97% to 6,752.62 and the CSI 1000 gained 2.11% to 6,649.06.
Cointime reports: China’s STAR 50 Index rose more than 2% by the midday close on November 5 after briefly gaining over 5%, while the ChiNext Index climbed 1.24%. Solar equipment stocks led gains, with more than ten companies including Maxwell Technologies and JinkoSolar hitting the daily limit. Gold concept shares extended their rally, and lithium battery shares rose. More than 4,700 stocks advanced across the Shanghai, Shenzhen and Beijing markets, with half-day turnover at 1.48 trillion yuan.
Cointime update: Inner Mongolia issued a 20-year toll road special local government bond totaling 1.27 billion yuan at a coupon of 2.1200%, with a marginal bid-to-cover ratio of 5.22 times against an expected 2.11. The same session also saw a 15-year other special bond of 895 million yuan at 1.9300% and a 20-year other special bond of 1.835 billion yuan at 2.1200%, with marginal ratios of 3.66 and 4.13 times respectively.
Cointime update: Binance will restore withdrawal services for additional assets starting at 04:00 UTC on November 5, the exchange said. The announcement did not specify which assets would be affected or the reason for the earlier restriction. Users will regain access to withdrawals for the additional assets from that time.
Cointime reports: Wallets linked to Trump Media sent 4,259 BTC to Crypto.com, equal to about 30% of the bitcoin treasury the company disclosed as of July 31. Arkham labeled both sending wallets as convertible-note collateral, indicating the transfer is tied to the company’s convertible debt arrangements.
Cointime reports: China’s overnight SHIBOR fell to 1.2630% on the latest fixing, down 0.20 basis points, while the 7-day rate dropped 0.60 basis points to 1.3230%. The 3-month SHIBOR also declined 0.20 basis points to 1.3980%, leaving all three key tenors slightly lower in the interbank market.
Cointime reports: Indonesia’s 5-year government bond yield fell 13 basis points, marking its largest decline in more than a month. The move reflects a sharp drop in yields on the shorter-dated sovereign debt.
Cointime reports: Robot concept stocks rallied in volatile trading, with Shangwei New Materials rising more than 10%. Zhenghe Industrial and Fulaixin Materials had earlier hit the daily limit-up, while Zhongma Transmission, Wanxun Automation and Zhongjian Technology were among the top gainers.