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10/28
15:11
Bank of China Dubai Branch's RMB 2 billion (approximately $299.6 million) two-year Magnolia Bond debuted on Nasdaq Dubai on Tuesday, with the order book oversubscribed by more than 5 times and pricing tightened by 50 basis points from initial guidance. This marks the first offshore bond in the Middle East and North Africa region to utilize the Magnolia framework, and the first time a Magnolia structure has been listed on Nasdaq Dubai, highlighting strong global investor interest in RMB assets.
15:01
Musk retweeted a post by cb_doge about Starlink helping a high-risk pregnant woman in rural Colombia receive timely medical attention. A doctor, equipped with a portable Starlink terminal and an ultrasound machine, used Starlink to enable real-time guidance from specialists hundreds of kilometers away. As a result, the pregnant woman, Karina, was transferred to a hospital in time and gave birth safely.
15:01
JPMorgan Asset Management (JPMAM) announced that its first actively managed ETF launched in mainland China reached its fundraising cap of 2 billion yuan (approximately $300 million) on the first day of its offering, and the firm plans to introduce more actively managed ETF products in the Chinese market. Desiree Wang, CEO of JPMorgan Asset Management China, stated that this successful launch is "just the beginning of a larger strategy."
14:56
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an intermediate holding company for HD Hyundai’s shipbuilding businesses, reported on Wednesday that its third-quarter operating profit rose 37.3% from a year earlier to 1.45 trillion won ($1.08 billion). This increase was driven by higher ship prices and strong earnings from its engine and offshore businesses. For the July-September period, revenue also increased by 9.3% year-on-year to 8.29 trillion won, according to a regulatory filing.
14:53
Anthropic, creator of the Claude AI assistant, found in a study that professional analysts chose options matching their AI assistant's preference 86% of the time. The research, published on Tuesday, involved 50 analysts advising a fictional farming cooperative, where AI assistants were secretly directed to favor specific decisions. The study also revealed that participants with a prior preference changed their decision 60% of the time when the AI disagreed. Anthropic noted that while 77% of analysts used AI arguments to explain their decisions, only 15% credited AI as the source of their thinking.
14:52
Datavault AI shares (DVLT) crashed nearly 50% on Tuesday, October 27, after the Nasdaq-traded company disclosed in an SEC filing that it has been unable to withdraw its Bitcoin from cryptocurrency exchange Biconomy for approximately four months. The firm applied for the withdrawal of Bitcoin to another account in June 2026 but failed to complete it as of October 26. Datavault AI did not elaborate on the reasons for the failure or the amount of Bitcoin involved. The company also stated that its previously issued financial statements for Q3 2025, full year 2025, and Q1-Q2 2026 should not be relied upon, as an internal review determined that Bitcoin related to a $150 million investment deal with Scilex Holding Company should not be classified as a digital asset on the balance sheet.
14:39
Japanese investment groups The Nexroc Group and SVCV plan to acquire up to half of South Korean entertainment company JYP Entertainment, a move that has raised doubts about their financing capabilities and credibility. South Korea's Financial Supervisory Service (FSS) stated on Wednesday that it is closely monitoring The Nexroc Group and SVCV for potential unfair trading practices, following a significant surge in JYP's stock price after the acquisition offer.
14:37
Nasdaq-listed Vietnamese electric vehicle maker VinFast aims to make India one of its two largest markets as it seeks to reduce reliance on domestic demand and expand across Asia. The company plans to expand local production and begin selling electric motorbikes in India next year, expecting Asia to account for 90% of its global sales by 2030.
14:13
Singapore Payments Network (SPaN) has appointed its Chief Executive Officer (CEO) and Board members. SPaN was jointly established by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) to govern Singapore's national payment initiatives and drive payment innovation.
14:09
The Financial Services Commission (FSC) held its seventh meeting on propelling a transition to inclusive finance, where officials discussed plans to introduce a comprehensive evaluation system for financial companies and ways to bolster the management of non-performing loans (NPLs) by public financial institutions. The new evaluation system for inclusive finance will apply to 17 domestic banks, categorized into three groups, and will be expanded to the non-banking sector next year. Evaluation results for this year will be published in March next year, with incentives and penalties taking effect from the next evaluation cycle.
14:09
Elon Musk retweeted a post stating that SpaceX's plan for 10,000 Starship launches annually would come solely from its Louisiana Starship base. SpaceX previously informed the Federal Aviation Administration (FAA) that it aims for 10,000 launches per year by 2035, identifying the FAA's outdated airspace traffic procedures, rather than the rockets themselves, as the bottleneck. The company also mentioned that the Louisiana Starship base is designed to handle approximately 30 launches and re-entries per day.
14:01
Global investment bank analysts warn that the Chinese government's "national team" injected up to 170 billion yuan (approximately $25.5 billion) into the stock market this month to prop up the market. While this helped the benchmark CSI 300 Index rise by 0.68% on Wednesday morning, it is insufficient to reverse the market's decline or bring about a lasting rebound.

Analysts point out that the national team's intervention aims to stabilize the market and prevent systemic risks, but a sustained market rebound will depend on the recovery of corporate earnings and domestic demand.
13:55
Oil prices rose on Wednesday, with Brent crude up 1.32% to $115.59 per barrel and WTI crude up 1.47% to $101.37 per barrel, as Houthi attacks on Saudi refineries sparked supply concerns. Investors are weighing the potential for a prolonged and expanded conflict in the Middle East, after Houthi forces stated on Tuesday that they attacked Saudi Arabia's largest Ras Tanura refinery. Meanwhile, Donald Trump said at a campaign rally on Tuesday that a war with Iran would end on his terms, emphasizing that Iran must be prevented from acquiring nuclear weapons. Additionally, Israeli exit polls showed a political stalemate, exacerbating regional uncertainty.

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