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China A-shares closed mixed. Shanghai Composite Index rose 0.10%, Shenzhen Composite Index fell 0.25% and the ChiNext Index closed down 0.18% after trading up more than 1% intraday. Electronic components stocks drove gains, with Xunjiexing and Jinbai

2026-10-13

China A-shares closed mixed. Shanghai Composite Index rose 0.10%, Shenzhen Composite Index fell 0.25% and the ChiNext Index closed down 0.18% after trading up more than 1% intraday. Electronic components stocks drove gains, with Xunjiexing and Jinbaize both hitting the 20% daily limit and firms including Chaosheng Electronics, Zhongjing Electronics and Aohong Electronics also limit-up. Defense and marine-equipment names rallied in the afternoon; Hangfa Technology hit limit-up and Jianglong Shipbuilding rallied over 9%. The CPO sector recovered intraday—Taichengguang +8%+, Tianfu Communications +7%+. Ice-and-snow (winter-sports) plays, retail, F5G, helium and lab-grown diamond sectors strengthened. Lagging sectors included insurance, batteries, wind-power equipment, CROs, innovative drugs and energy metals. Combined turnover on Shanghai and Shenzhen reached 1.67 tln yuan, about 138.1 bln yuan higher than the prior session. Around 2,800 stocks advanced and about 2,300 declined.

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2026-10-13

The U.S. embassy in Riyadh said a U.S. citizen was detained in Saudi Arabia for filming recent incidents. Saudi Arabia has been hit by multiple deadly attacks by Yemen’s Houthi forces. The U.S. mission did not disclose the number detained or whether

The U.S. embassy in Riyadh said a U.S. citizen was detained in Saudi Arabia for filming recent incidents. Saudi Arabia has been hit by multiple deadly attacks by Yemen’s Houthi forces. The U.S. mission did not disclose the number detained or whether they have been released. It said Saudi authorities warned that “filming, posting or sharing information related to intercepted missiles and Drones and their impact points will expose individuals to legal liability.” Saudi Arabia has opened an investigation into failed intercepts of Houthi air attacks.
2026-10-13

AI-related stock selling intensified, dragging major emerging-market equity indices lower for a second day and weakening currencies in Asian tech hubs. Julius Baer CIO Yves Bonzon said strong near-term profits may support some AI valuations but the t

AI-related stock selling intensified, dragging major emerging-market equity indices lower for a second day and weakening currencies in Asian tech hubs. Julius Baer CIO Yves Bonzon said strong near-term profits may support some AI valuations but the technology’s development path is highly uncertain, which could cause episodic large-scale profit-taking over the coming years. He flagged uncertainty about how future profits will be allocated and where valuations will settle, noting today’s sharp sell-off in Korean semiconductor names as an example. Bonzon added that while a more bearish market would focus on supply growth risks, advanced AI storage products face long certification and validation cycles, so competitive impacts are likely to materialize gradually rather than immediately.
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