Cointime reports: Meta shares dropped 5.7% on Wednesday, hitting their lowest intraday level in about two months. The company also rolled out a new feature on WhatsApp and said it will hold several events over the coming weeks. No further details on the decline or the events were given.
Cointime reports: Nvidia dropped 7.3% intraday, its steepest decline since April 2025, as a broad selloff hit US equities. The VIX volatility index jumped 40.0% to 23.28, the S&P 500 widened losses to 2.4%, the Dow fell more than 700 points (over 1.3%), and the Nasdaq plunged over 1,000 points, or more than 3.9%. The Nasdaq 100 slid 1,300 points (over 4.5%) and the semiconductor index fell about 900 points, or 8.7%.
Cointime reports: The US 10-year Treasury yield fell more than 3 basis points, approaching 4.85% and the intraday low of 4.8347% set at 11:46 Beijing time, after a sharp slide from the day’s high of 4.9168% at 22:29. A selloff in chip stocks drove investors toward safe havens, with spot gold dropping $8.5 an ounce to $4,112.2 in five minutes. The VIX rose 36.5% intraday to 22.63, while the S&P 500 fell more than 2.1%.
Cointime reports: Bloom Energy shares fell as much as 18% intraday, the steepest decline since June 26, as a post-midterm-election selloff in chip stocks deepened investor worries about the outlook for the AI data-center power market. The drop marks one of the fuel-cell maker’s sharpest single-session moves in recent months.
Cointime reports: The Nasdaq Composite has fallen more than 10% from its record closing high set on October 6, moving into correction territory. The Nasdaq 100 dropped more than 4% in the same stretch. The decline marks a sharp pullback for the tech-heavy index from its early-October peak.
Cointime reports: Democratic sweeps in Congress and state governor races have sent shares of so-called neocloud data center providers sharply lower, as investors and management teams reassess risks of higher costs and construction delays. Investors said the election marks a shift, with victories by data center-skeptical candidates raising the threshold for development in those areas. The volatility also hit chipmaker Nvidia and power equipment firm GE Vernova ahead of potential IPOs by Aggreko and SB Energy.
Cointime reports: Meta Platforms dropped 3.3%, Amazon slipped 1.2% and Microsoft fell 2.1%. The declines mark a weaker trading stretch for the group, with Meta posting the steepest loss of the three.
Cointime reports: Tesla shares extended losses to 10%, while SpaceX, the space exploration company owned by Elon Musk, fell 7.5%. The declines mark a sharp selloff in Musk-linked assets.
Cointime reports: BondBloxx Investment Management senior investment strategist Joanne Bianco said investors view the US midterm election results as supportive for bond and equity markets, since the outcome raises the bar for further fiscal spending and increases the likelihood of more checks on policy. A more fragmented policy environment should make it harder to expand the fiscal deficit further and could improve the fiscal outlook, she said, adding that focus will shift back to geopolitics and whether the US economy can stay resilient.
Cointime reports: The semiconductor ETF fell 4.28% in early US trading, leading declines among sector ETFs. The global tech index ETF and tech sector ETF dropped as much as 2.99%, while the internet index ETF lost 1.31%. Energy, financials, regional bank and banking ETFs rose as much as 1.65%. The S&P tech sector fell 2.58%, while telecom, financials and energy sectors gained over 1%.
Cointime reports: Asian markets closed lower on Nov. 5 as AI-regulation concerns hit Japanese and South Korean equities. The Nikkei 225 fell 1,110.73 points, or 1.79%, to 61,077.90, while South Korea’s KOSPI dropped 300.15 points, or 5.28%, to 5,383.65. The KOSDAQ lost 5.11%, with sidecar mechanisms triggered and program trading briefly halted; SK Hynix fell 9.45% and Samsung Electronics 7.56%.
Cointime reports: The Nasdaq 100 fell 1.4% at the US market open, with AI hardware stocks sharply lower: Qualcomm opened down 14%, on pace for its worst day since 2020, while SanDisk, AMD, Seagate, Western Digital, Micron and SK Hynix dropped as much as about 7.2%. Apple rose 1.4% after entering the investment-grade bond market for the first time in over a year. The Nasdaq Golden Dragon China Index gained 2.5% to 5,871.98, with Alibaba up 5%.
Cointime reports: The S&P 500 opened 9.90 points lower, down 0.13%, at 7,678.72. The Dow Jones Industrial Average opened 322.89 points higher, up 0.61%, at 53,679.01, while the Nasdaq Composite opened 178.40 points lower, down 0.69%, at 25,558.11.
Cointime reports: Zai Lab reported third-quarter total revenue of $108.2 million, with product revenue at $107.6 million, down 7% year over year but up 2% quarter over quarter. The sequential improvement came mainly from broader coverage and market penetration of core products and incremental sales from the launch of xanomeline trospium chloride, partly offset by lower tumor treating fields revenue.
Cointime update: The Bank of England raised interest rates by 25 basis points and forecast inflation will rise to 5% next year. Governor Andrew Bailey warned that rate increases will not stop until the Iran conflict ends. The decision came as global markets sold off, with AI hardware stocks tumbling, optical communications names falling in pre-market US trading and Qualcomm down 12%.
Cointime reports: Qualcomm shares extended their premarket decline to 12% on Wednesday, deepening the chipmaker’s losses ahead of the U.S. market open. No further details on the cause of the move were immediately available in the material.
Cointime update: E Fund’s Nasdaq ETF (159696) and GF Fund’s Nasdaq ETF (159941) will suspend trading from the market open on November 6, 2026, and resume at 10:30 that morning. Redemption services will continue as normal during the one-hour halt. The two funds did not disclose a reason for the suspension in the announcements.
Cointime update: Nexchip announced it will join Hefei Construction Investment and Hefei Qinhe in injecting a combined RMB 9.1 billion into wholly owned subsidiary Jingyi Integrated at RMB 1.00 per registered capital, with Nexchip contributing RMB 5.1 billion. Registered capital rises from RMB 2 billion to RMB 11.1 billion, cutting Nexchip’s stake from 100% to 63.96% while it remains the controlling shareholder. Jingyi is the build entity for Nexchip’s phase-four project, a RMB 35.5 billion 12-inch wafer fab targeting about 55,000 wafers per month in 40nm and 28nm CIS, OLED and logic processes.
Cointime update: Nexchip Semiconductor (晶合集成) plans to repurchase its A-shares via centralized bidding at no more than RMB 37.00 per share, with total buyback funds between RMB 500 million and RMB 800 million. The shares will be used for an A-share employee stock ownership plan or equity incentive, and the repurchase period will not exceed 12 months from board approval.
Cointime reports: Gate’s TradFi trading volume climbed to about $11.5 billion in the week of Oct. 26 to Nov. 1, its third consecutive weekly increase, even as BTC and ETH spot ETFs saw net outflows of roughly $202 million and $431 million respectively. ETF, Hong Kong and Korean equity trading made up a larger share of activity. Gate also launched Taiwan stock trading, initially supporting 19 Taiwan Stock Exchange-listed names including TSMC and MediaTek.