News

The Hang Seng China Enterprises Index (HSI) opened down 136.64 points, or 0.57%, at 23,871.91 on Friday, November 13th; the Hang Seng Tech Index opened down 13.72 points, or 0.35%, at 3,918.21 on Friday, November 13th; the Hang Seng China Enterprises Index (HSCEI) opened down 46.08 points, or 0.57%, at 8,010.68 on Friday, November 13th; and the Hang Seng Red Chip Index (HSC) opened down 16.72 points, or 0.42%, at 3,963.61 on Friday, November 13th.

The yield on Japan's 40-year government bonds rose 4.5 basis points to 4.115%.

Valar Atomics, a US nuclear energy startup, is advancing its Raceway Energy Campus project near Wellington, Carbon County, Utah. According to a permit application disclosed by the Salt Lake Tribune on November 12, 2026, the company plans to build 40 to 120 small nuclear reactors on approximately 640 acres of state trust land, along with nuclear fuel manufacturing, laboratories, and an AI data center. Initially, a natural gas power plant will be constructed to power the manufacturing facilities, laboratories, and data center. Once the reactors are operational, the natural gas power plant can also serve as a backup power source or meet peak demand. The Carbon County Planning Commission has included the project on the agenda of a special meeting on November 12 to review the conditional use permit application. This means the project is moving from land planning to local permit review, and several approval procedures remain before the actual construction and operation of the nuclear power facility can commence.

According to an insider, in his final days at Nvidia, Jensen Huang's usual decisive style vanished, and he began saying things like "whatever" and "I don't care."

Apple futures contracts rose 2.00% intraday, currently trading at 6234.00 yuan/ton.

According to estimates, Japan's proposed defense spending may not reach the target of 2% of GDP.

Sources say Japan may cut its missile and aircraft procurement plans, including F-35 fighter jets.

Sources indicate that Japan's military expansion plans have been hampered by budget cuts, and the country has warned arms suppliers of significant order reductions.

Sources say Japan's Ministry of Finance has proposed setting five-year defense spending at 50 to 60 trillion yen, down from the previously sought 80 trillion yen.

Japanese Finance Minister Satsuki Katayama: The US and Japan reached a consensus on foreign exchange issues at the summit. No comment on the history of intervention.

Japanese Finance Minister Satsuki Katayama: (Regarding the foreign exchange issue) will communicate with the U.S. Treasury Department and respond appropriately.

Japanese Finance Minister Satsuki Katayama: There have been recent unilateral and rapid fluctuations in foreign exchange rates.

Federal Reserve's Williams: The United States has the economic means to address its debt levels, but solving the problem requires political will.

Japanese Finance Minister Satsuki Katayama: We have decided to use reserve funds to distribute winter utility subsidies ahead of schedule.

According to the New York Times, US President Trump urged Jensen Huang to fight to keep his job.

According to Politico: The chairman of the U.S. Senate Finance Committee subpoenaed Jensen Huang and John Lutnick to testify regarding the Nvidia controversy.

Federal Reserve's Williams: The Fed still needs to work to put monetary policy in the right place.

Federal Reserve's Williams: Inflation remains stubbornly high. The Fed has been collecting data at a steady pace.

Federal Reserve's Williams: The Fed will need to take action over time to bring inflation back to 2%.

Federal Reserve's Williams: The economy has been resilient, and growth has been strong. The U.S. economy is strengthening, but not overheating. Inflation is too high.