News

LG New Energy plans to expand its North American energy storage system (ESS) battery production capacity to over 70 GWh by the end of 2027, exceeding its previous target of over 50 GWh by the end of 2026. Bernstein, citing a BNEF report, points out that the construction of AI data centers and the growing demand for grid energy storage are key drivers of this expansion. The company has approximately 160 GWh of energy storage orders in the third quarter of 2026, and is simultaneously expanding its production of square lithium iron phosphate (LFP) batteries and developing sodium-ion batteries. Faced with a slower-growing electric vehicle battery market, LG New Energy is reallocating some of its capacity to its energy storage business. This move reflects how AI infrastructure investment is changing the demand structure of the battery industry, with energy storage becoming a new growth direction for battery manufacturers.

The UK Maritime Trade Organization: As of the time of the report, the condition of the crew, the damage assessment, and the environmental impact are all unknown.

The UK Maritime Trade Organization has received reports of tanker incidents in the Strait of Hormuz.

AI data center construction and the Russia-Ukraine conflict are vying for fiber optic supplies, putting Ukrainian drone manufacturers under pressure from both costs and supply issues. Fiber optic drones, connected to operators via cables, have control links that are less susceptible to electronic warfare interference, leading to their rapid increase in battlefield use. However, they consume vast amounts of fiber, and the cables are often non-recyclable. Estimates show that Russia's fiber optic usage will reach approximately 60 million kilometers (about 37.28 million miles) by 2025, accounting for about 10.5% of global production, up from less than 1% previously. Meanwhile, the continued construction of AI data centers is driving up global fiber optic demand. TrendForce predicts a global fiber optic supply gap of 180 million kilometers by 2026, with supply shortages potentially lasting until 2028. Ukrainian drone manufacturer BlueBird Tech stated that fiber optic prices are expected to increase by approximately 6-10 times compared to 2025. These two demands are competing for the same type of industrial material: AI infrastructure requires large amounts of fiber optics for high-speed data transmission, while the battlefield translates it into jam-resistant control links for drones.

A drone strike caused a fire at the Baltic port of Ust-Luga in Russia's Leningrad Oblast.

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: The Bank of Japan is expected to adopt appropriate monetary policy to achieve its 2% inflation target sustainably and stably.

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%.

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.

Japanese metal materials manufacturer Mitsui Kinzoku said on Tuesday it plans to invest 190 billion yen (about US$1.2 billion) to build a new copper foil factory in Malaysia to meet surging demand related to artificial intelligence (AI).

California Governor Gavin Newsom: I am very pleased to announce that we will be investing nearly $1.3 billion to improve passenger rail services across the state and expand our clean public transportation system. California continues to lead the nation on climate issues, which not only benefits the people of the state but also demonstrates our strength in green energy to the world.