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10/16
11:24
Nikkei Asia: Anthropic plans to build its first dedicated data center in Osaka, Japan, with an investment that could reach $6.3 billion.
Nikkei Asia reports that Anthropic, a leading U.S. AI lab, plans to establish its first dedicated data center in Osaka Prefecture, Japan, with NTT Data Group as the builder. The facility is expected to be one of Japan's largest data centers, with an estimated investment of up to 1 trillion yen (approximately $6.3 billion), potentially reaching several trillion yen if future advanced AI servers are included.
11:24
Nikkei Asia: SoftBank plans to invest $33 billion in Ohio to build an AI data center and natural gas power plant to serve OpenAI.
Nikkei Asia reported that SoftBank Group is expanding its business from technology investments to AI infrastructure development, planning to invest $33 billion in Ohio to build a natural gas power plant and data center campus to meet OpenAI's needs. SoftBank's renewable energy subsidiary, SB Energy, has filed for a Nasdaq listing for this project, seeking a $50 billion valuation, but has postponed the listing due to volatility in AI-related stocks.
11:24
Nikkei Asia: China's AI chip shortage intensifies, with Alibaba, ByteDance, and Tencent's capital expenditures expected to double to $104 billion this year.
Nikkei Asia reports that China's domestic AI chip production has doubled this year but still cannot meet surging demand. Total demand is expected to far exceed 5 million units this year, while domestic supply is only about 3.5 million units. Chinese tech giants such as Alibaba, ByteDance, and Tencent are expected to double their capital expenditure to approximately 700 billion yuan (about $104 billion) this year to meet AI development needs. To bridge the gap, these companies have procured over 1 million NVIDIA gaming and workstation chips that comply with U.S. export controls.
11:23
Deutsche Bank warns: Oracle CDS spreads widen sharply, potential forced selling if ratings are downgraded.
Oracle's five-year CDS surged 36 basis points in two days to 288 basis points, according to Deutsche Bank warnings cited by Wallstreetcn.com. If its BBB rating is downgraded, it would force institutional investors who can only hold investment-grade assets to sell, triggering a systemic chain reaction. Oracle is currently at the lowest tier of investment grade, and its CDS spread is 185-220 basis points wider than its own unsecured bonds.
11:23
CoreWeave bonds are in deep trouble, with yields as high as 14%-16% and CDS-implied probability of default around 63%.
Bonds of AI infrastructure provider CoreWeave have traded at distressed levels for three consecutive days, with its 9.625% notes due 2032 closing with a yield of approximately 14%, and its 2031 notes yielding over 16%. Its five-year CDS closed at 1117 basis points, implying an approximately 63% probability of default within five years. According to Wallstreetcn, citing a Morgan Stanley report, CoreWeave as a tenant underpins the repayment capacity of over $14 billion in data center bonds in the high-yield market. Its capital cost crisis directly impacts the debt repayment ability of issuers such as Applied Digital, Core Scientific, and Galaxy Digital.
11:22
Solana RWA Market Cap Surges to $4.3 Billion, Leads in Application Revenue
According to a Castle Labs report on the Solana ecosystem, the on-chain Real World Asset (RWA) market capitalization on Solana grew from approximately $700 million to $4.3 billion over the past year. This increased Solana's share of total RWA relative to Ethereum from roughly 4.5% to 26%, while Ethereum's RWA grew from $15.5 billion to $16.6 billion during the same period. The report also highlighted Solana's application revenue over the past 30 days, which reached $193.1 million, ranking first among tracked networks, ahead of Hyperliquid ($86.5 million) and Ethereum ($53.8 million).
11:22
City Therapeutics Raises $200 Million in Upsized US IPO
11:22
People's Bank of China Governor Pan Gongsheng promoted yuan-denominated assets to investors at a closed-door Deutsche Bank event in Bangkok and outlined plans to expand the yuan's role in global markets.
11:12
Australian lithium miner PLS has approved an expansion plan, investing $1.32 billion to double its production capacity.
Australian lithium miner PLS announced on Thursday that it has approved an expansion plan to double the capacity of its Pilgangoora lithium mine with an investment of $1.32 billion. Despite the recent drop in prices for the key battery metal lithium, the company is betting on future demand, aiming to become one of the world's largest pure-play lithium miners.
11:11
The Indian Rupee rebounded from historic lows after active intervention by the central bank, but pressure is mounting in the foreign exchange market.
11:03
China tells Israel to stop and reverse 'forced' West Bank settlements
China's Foreign Minister Wang Yi told Israeli President Isaac Herzog during a meeting in Azerbaijan on Friday that Israel should stop and reverse its "forced establishment" of settlements in the occupied West Bank. Wang Yi said China has consistently held that the Palestinian question is the greatest historical injustice of this century, according to China's foreign ministry.
11:03
Solana Opens New Office in Shanghai, Launches Ad Campaign
Despite China's strict ban on crypto businesses, Solana has established a new office in Shanghai's Pudong New Area and launched a high-profile advertising campaign. According to social media posts by company executives on Wednesday, Vibhu Norby, Chief Product Officer of the Solana Foundation, stated that the company occupies "the highest commercial office space in the world." Some analysts speculate that the intensifying tech competition between the US and China might have created an opportunity window for crypto companies seeking to enter the Chinese market.
11:02
The Shanghai Composite Index rose 1.01% today, now at 3,744.98.
11:00
South Korea's Hyosung Heavy Industries doubles circuit breaker capacity with new plant
South Korea's Hyosung Heavy Industries completed a new 18,996-square-meter ultra-high-voltage circuit breaker plant in Changwon, South Gyeongsang Province, on Friday. The facility will manufacture 420 kV, 550 kV, and 800 kV circuit breakers for export, aiming to meet rising global demand for power equipment.
10:55
Indian Software Stocks Poised to Beat Global Semiconductor Rivals by Most in Two Decades This Week, as Analysts Expect Outperformance Amid AI Rally Unwind
10:52
Saylor retweeted that Strive announced the SATS IPO size increased to $700 million, priced at $90 per share.
10:50
Pakistan Firm Partners With Chinese Counterpart to Assemble Lithium Batteries Locally
According to Nikkei Asia, the demand for lithium-ion batteries has surged in Pakistan due to a massive influx of Chinese solar panels. Despite falling global prices and overcapacity in China leading to a halving of lithium battery prices since 2024, Pakistani companies are still choosing to partner with Chinese manufacturers to assemble lithium batteries locally.
10:44
HD Hyundai Electric and LG CNS Partner on AI Data Center Power Infrastructure
10:43
Argentine judge fines government $70/day for failing to fund universities as student protests over Milei's austerity turn violent
10:43
Yemen's Houthi forces claim to have shot down a Saudi Wing Loong II armed reconnaissance drone over Marib
Yemen's Houthi forces claim to have shot down a Saudi Wing Loong II armed reconnaissance drone over Marib, stating it was carrying out "hostile activities" in the province's airspace.
10:42
Musk retweeted a post, quoting his own view that "rocket cars" could fly like rockets, which would be incredibly fun but of questionable legality.
Musk reposted a tweet quoting his own view that "rocket cars" will appear in the future. These cars will be equipped with attitude control thrusters and a main rear thruster, capable of flying like a rocket, performing rolls and various stunts. He stated that this car would be "fun to the power of 11 (out of 10)," but "not necessarily safety optimized," adding that he was unsure if it would be legal in all jurisdictions. Musk also mentioned that the car could refill its own air tanks without special propellants and would be a "car that can actually drive on roads."
10:42
Musk retweeted a Tesla post, saying "Real life, baby."
Tesla CEO Elon Musk reposted an official Tesla tweet that read, "Real life, baby." This move may be to emphasize the authenticity of the features or product demonstrations showcased by the new generation Tesla Roadster, which is scheduled to be unveiled today.
10:41
India Hikes Petrol Export Levy, Slashes Diesel Duty for Next Fortnight
India revised export levies on petrol and diesel for the next fortnight while keeping the duty on aviation turbine fuel unchanged, as the government continues to adjust the charges in line with international energy prices and domestic supply conditions, according to a Thursday circular.
10:40
Goldman Sachs maintains a one-year bullish target of 12,000 points for the KOSPI.
Goldman Sachs analyst Tim Moe stated that despite the recent sharp decline in the South Korean stock market, the sell-off is rooted in a structural absence of buying rather than a fundamental collapse. Therefore, he maintains a one-year bullish target of 12,000 points for the KOSPI. Goldman Sachs noted that KOSPI valuations have fallen to extremely low levels, with a forward P/E ratio of 5.1x, implying approximately 110% upside from the current 5,700 points. Analysts believe that the AI hardware demand cycle will drive high earnings growth in the South Korean market from 2026 to 2028, but the durability of the memory cycle, deleveraging by retail investors, and competition from open-source AI models in China are major risks. SK Hynix is scheduled to announce its third-quarter results on October 27, and Samsung Electronics will pay approximately 40 trillion Korean won in dividends between November 18 and 20.
10:37
Seven suspects, including three Canadian military personnel, have been charged with 82 offenses in connection with the Toronto crypto kidnapping case.
Toronto police updated on October 14 that seven suspects, including three Canadian military members, are facing 82 criminal charges in the armed kidnapping of a cryptocurrency exchange owner. Police allege the suspects attempted to gain access to the victim's cryptocurrency and business security systems. Searches also uncovered 2,500 rounds of ammunition stolen from the Canadian military and five over-capacity magazines.
10:35
TSMC's Q3 revenue exceeded expectations, and it anticipates capital expenditures to significantly surpass $101 billion over the next three years (2026-2028).
TSMC announced its Q3 earnings on October 15, with quarterly revenue reaching $46.6 billion, a 16% increase quarter-over-quarter, exceeding market expectations. The company's Q4 revenue guidance midpoint is $53.3 billion, and its full-year growth guidance has been raised to 44%. Management confirmed that capital expenditure for 2026 will remain unchanged in the range of $60 billion to $64 billion, and explicitly stated that the total capital expenditure for the three years from 2026 to 2028 will significantly surpass the historical total of approximately $101 billion from 2023 to 2025. JPMorgan Chase analysis suggests this provides semiconductor equipment manufacturers with long-term order visibility beyond a single fiscal year.
10:31
China's treasury bond futures rebounded across the board, and most domestic commodity futures rose.
China's treasury bond futures rebounded across the board in early trading on October 16. As of press time, the main contracts for 30-year, 10-year, 5-year, and 2-year treasury bonds all rose. Most domestic commodity futures also moved higher, with palladium, Shanghai silver, rubber, and industrial silicon all gaining over 1%.
10:31
Hong Kong's Hang Seng Tech Index rose over 2%, with tech stocks broadly rebounding and the Biotech Index surging over 3%.
Hong Kong's Hang Seng Index opened 1.08% higher on October 16 morning, with the Hang Seng Tech Index rising over 2%. Major tech stocks including Alibaba, JD.com, Tencent, NetEase, and Baidu saw significant gains. The Hang Seng Biotech Index surged over 3%, driven by strong performance in innovative drug companies such as Wuxi AppTec and Asymchem. AI large model stocks, optical modules, and chip semiconductors also rebounded.
10:31
China's A-share market saw its three major indices open higher, with military and innovative drug sectors surging, and AI hardware showing a recovery.
On the morning of October 16, China's A-share market saw its three major indices open higher across the board, with the Shanghai Composite Index up 0.49%, the Shenzhen Component Index up 0.65%, and the ChiNext Index up 0.51%. Sectors such as national defense and military, commercial aerospace, and innovative drugs surged, with Morningstar Aerospace and Great Wall Military Industry leading the gains by hitting their daily limit. AI hardware concept stocks rebounded, with Changxin Memory Technologies and Montage Technology in the storage sector both rising over 5%. The complete vehicle manufacturing sector also saw a rebound, with JAC Motors hitting its daily limit. AI pharmaceutical concept stocks were active, and Hongbo Pharmaceutical surged by 20cm to its daily limit.
10:30
Russian Finance Minister Attends G20 Meeting, US Invitation Draws Discontent from European Allies, Meeting Fails to Issue Joint Communiqué
Russian Finance Minister Anton Siluanov attended the G20 Finance Ministers and Central Bank Governors meeting in Bangkok on Thursday, his second in-person appearance at the event since the Russia-Ukraine conflict began in 2022. The move tested how much U.S. engagement with Russia would affect relations with European allies. German Finance Minister Lars Klingbeil expressed his displeasure, stating he would not pretend Russia had resumed normal G20 membership. The meeting failed to issue a joint communiqué, highlighting ongoing divisions among member states on the Middle East conflict, trade imbalances, and the Russia-Ukraine conflict. U.S. Treasury Secretary Scott Bessent was absent from the meeting.

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