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: China’s A-share solar equipment sector continued to strengthen, with Yongzhen shares posting a third consecutive daily limit-up and Beiteli surging 20% to its cap. Tongxiang Technology, Haitai New Energy, Shichuang Energy and Qingyuan shares were among the top gainers in the sector.
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 A-share PCB concept stocks opened lower on the session, with Mankun Technology dropping nearly 10%. Aohong Electronics, Dongshan Precision, Mingyang Circuit, Shengyi Technology and Jingwang Electronics each fell more than 5%. The declines hit printed circuit board suppliers at the open, with no specific catalyst cited in the market material.
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.
Cointime reports: Strategy’s STRC preferred stock rose above $100 for the first time since May, recovering to the company’s stated minimum price for new issuance. The rebound follows roughly $2.25 billion of buybacks of the instrument. The move brings STRC back to the threshold Strategy has set for issuing additional shares.
Cointime reports: Microsoft and Alphabet shares rose while Nvidia and Tesla fell after a Democratic election sweep, leaving the tech and AI sectors split as investors reassess Washington’s approach to AI and Big Tech. The divergent moves underscored a divided market reaction to the political shift.
Cointime update: Circle reported $865 million in third-quarter revenue and reserve income and disclosed cuts affecting approximately 5% of its workforce. The company did not specify the number of employees affected by the reduction in the disclosure.
Cointime update: Circle reported third-quarter revenue and reserve income of $865 million on November 4, up 17% year over year and a quarterly record, including $182 million from an ARC token presale. Reserve income fell 8% to $658 million as the reserve return rate dropped 61 basis points to 3.5%. USDC average circulation was $73.3 billion, down 4.2% from Q2, while on-chain volume reached $13.9 trillion, up 49%.
Cointime reports: AMD reported fiscal Q3 revenue of $13.377 billion, up 45% year over year and above the roughly $13.06 billion consensus, with adjusted EPS of $2.09. Data center revenue reached $8.546 billion, up 97% and about 64% of total sales, as MI450 GPUs and Helios rack systems began ramping with Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure as early customers. AMD guided Q4 revenue to about $17 billion and said data center sales would rise roughly 50% sequentially, sending shares up as much as 7.5% after hours.
Cointime reports: US equities enter November at their most event-heavy stretch of the year, with S&P 500 forward P/E at 18.7x and an earnings yield of about 5.35% versus a 5.00% 10-year Treasury yield, leaving only a 35-basis-point equity premium as of Oct. 23. CME FedWatch put the odds of a 25-basis-point December rate hike at about 86%. BIT Securities, which launched US stock trading in February 2026 and Hong Kong stocks in October, is running a limited earnings-season campaign letting users trade US stocks, HK stocks and crypto from one account.
Cointime update: Block Inc. shares rose 6% in after-hours trading after the company raised its full-year gross profit forecast to $12.63 billion, a figure that would represent 22% year-on-year growth. The upgraded outlook was issued alongside the company’s latest results.