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10/16
11:42
Chinese Foreign Minister Wang Yi told Israeli President Isaac Herzog during a meeting in Azerbaijan that the "immediate priority is to fully open access to the Gaza Strip." Wang also stated that "promoting peace and reconciliation" in the region is "the cornerstone of China's Middle East policy."
11:34
China Construction Bank (CCB) announced on October 14 that its RMB money market bond repurchase "AI Trader" has completed an iterative optimization, incorporating large AI model technology. This makes CCB the first institution in the interbank market to apply large models to trading in this market. This upgrade covers intelligent inquiry and quotation, collateral management, and transaction pricing for credit bond pledged repo. The large model can identify bond abbreviations, codes, and common expressions used by traders, while small models and business rules handle bond verification, approval, and inquiry/quotation interactions. Daily turnover in the interbank bond repurchase market is nearly 7 trillion yuan, and large models have now entered this high-frequency liquidity market. The National Financial Regulatory Administration has classified fund transactions as a high-risk AI application, requiring the establishment of manual supervision and intervention mechanisms.
11:25
Al Jazeera cited military analysts who noted that while US President Donald Trump has ruled out an attack on Iran before the November 3 midterm elections, US military deployments in the Middle East are continuing, leading to a stalemate. Analysts believe Washington may maintain a naval blockade of Iranian ports, resume airstrikes and missile attacks, or consider limited ground operations, including potentially seizing Kharg Island, Iran's main oil export hub. However, all these options carry significant risks, with experts warning that Iran has adjusted its tactics and US forces have depleted their expensive missile stockpiles in months of fighting. Analysts consider a full-scale invasion highly unlikely.
11:24
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 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 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
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
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
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).
11:12
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.
11:03
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
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.
11:00
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.
10:50
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.
10:43
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 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
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 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 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
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.

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