News

According to Politico: Republican Senator Kevin Cramer on the Senate Banking Committee called for Nvidia CEO Jensen Huang to resign.

A UBS sales report released on November 10th indicated that US stocks are experiencing their strongest bullish trend this year, with systematic fund positions significantly liquidated. The S&P 500 has at least 10% upside potential over the next three months. UBS structured strategist Rebecca Cheong stated that risk-controlled strategies have reduced their equity exposure to 55%, the lowest level since the tariff shock this year, while CTA (Commodity Trading Advisor) equity exposure has fallen to -5%, meaning that these trend-following funds have turned net short. Historically, risk-controlled strategies reduced their exposure to 55% in August 2024 and 30% in April 2025, respectively, after which the S&P 500 rose by 17% and 24% in four months. Cheong believes that this round of systemic deleveraging is largely complete, and subsequent declines are unlikely to be amplified by a similar scale of programmed selling. Meanwhile, retail investors, overseas investors, and the upcoming resumption of corporate share buybacks are expected to provide buying support, and the market rebound may also trigger CTAs and risk-controlled funds to increase their positions again, further driving the stock market upward. She expects the S&P 500 to exhibit low volatility and a gradual upward trend.

The term sheet indicates that Alphabet may subsequently issue senior unsecured fixed-rate bonds with maturities of 2 years, 5 years, and 10 years. The proposed notes are expected to receive an AA2 rating from Moody's and an AA+ rating from S&P.

The term sheet shows that Alphabet has authorized HSBC Holdings and JPMorgan Chase to act as joint global coordinators for the potential first Hong Kong dollar and Singapore dollar denominated bond issuance.

Japanese Prime Minister Sanae Takaichi: We have no intention of implementing fiscal policies that would lead to excessive inflation.

Nasdaq 100 futures rose nearly 1%; S&P 500 futures rose 0.5%.

NI225 rose by 1.00% within the day.

The NI225 index touched 61,000 points, up 0.90% on the day.

The yield on Japan's 5-year government bond rose 8.5 basis points to 2.185%.

The Hang Seng China Enterprises Index (HSI) opened down 202.85 points, or 0.83%, at 24,354.19 on Wednesday, November 11th; the Hang Seng Tech Index opened down 39.15 points, or 0.96%, at 4,045.3 on Wednesday, November 11th; the Hang Seng China Enterprises Index opened down 61.6 points, or 0.75%, at 8,204.21 on Wednesday, November 11th; and the Hang Seng Red Chip Index opened down 19.49 points, or 0.48%, at 4,013.98 on Wednesday, November 11th.

Hong Kong stocks opened lower, with the Hang Seng Index down 0.83% and the Tech Index down 0.96%. New Lotus (02206.HK) opened 27.61% higher on its first day of trading.

The yield on Japan's 2-year government bonds rose 7.0 basis points to 1.845%, while the yield on 10-year bonds rose 6.5 basis points to 2.755%.

Apple: Issues with iCloud Calendar, iCloud Contacts, iCloud Mail, iCloud iWork, and Game Center have been resolved.

The yield on Japan's two-year government bonds rose 6.0 basis points to 1.835%.

The Financial Times reports that underwriters are preparing to raise Anthropic's IPO valuation to $1.5 trillion or higher.

IRNA: Russian Deputy Foreign Minister Georgy Borishenko met with Mehdi Shushtari, Director of the Department of West Asian and North African Affairs of the Iranian Foreign Ministry, in Moscow for diplomatic consultations on regional issues.

Market news: Russia shot down 92 drones in Leningrad Oblast.

South Korea's Ministry of Finance announced on November 13 that it will release a policy on capping fuel prices.

The National Institute of Economic and Social Research (NIESR) has urged the Bank of England to raise its key interest rate to around 5%. NIESR predicts that wage demands will rise sharply as inflation peaks in early 2027.

On Wednesday, November 11, the NI225 index opened 118.79 points higher, or 0.20%, at 60,578.37.