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U.S. stocks closed mixed on Tuesday: the Dow Jones Industrial Average rose 1.06%, the S&P 500 fell 0.29% and the Nasdaq Composite fell 0.02%. SK Hynix (SKHY.O) slid 2%, GM dropped 6.8%, WESTERN DIGITAL CORP (WDC.O) gained 3% and Apple eased 1%. The N

2026-10-21

U.S. stocks closed mixed on Tuesday: the Dow Jones Industrial Average rose 1.06%, the S&P 500 fell 0.29% and the Nasdaq Composite fell 0.02%. SK Hynix (SKHY.O) slid 2%, GM dropped 6.8%, WESTERN DIGITAL CORP (WDC.O) gained 3% and Apple eased 1%. The Nasdaq Golden Dragon China Index rose 0.69%; XPeng jumped more than 7%.

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2026-10-20

Former PBOC governor Zhou Xiaochuan said on Oct. 20 at the 2026 Bund Summit roundtable on AI and productivity that AI’s development will produce both successful and failed investments. With very large capital flows into AI and related infrastructure,

Former PBOC governor Zhou Xiaochuan said on Oct. 20 at the 2026 Bund Summit roundtable on AI and productivity that AI’s development will produce both successful and failed investments. With very large capital flows into AI and related infrastructure, Zhou warned that a wave of investment failures could trigger financial turbulence and potentially a crisis, requiring large-scale economic support and rescue measures for some financial institutions. He called for research and pre-positioning of policy tools in the toolbox to respond to such shocks.
2026-10-20

Speaking at the 2026 Financial Street Forum annual meeting’s “Safeguarding Inclusive Finance” forum, Supreme People’s Procuratorate deputy procurator‑general Ge Xiaoyan said Chinese authorities must lawfully and severely crack down on financial fraud

Speaking at the 2026 Financial Street Forum annual meeting’s “Safeguarding Inclusive Finance” forum, Supreme People’s Procuratorate deputy procurator‑general Ge Xiaoyan said Chinese authorities must lawfully and severely crack down on financial fraud, illegal fundraising, money‑laundering and other crimes that materially threaten financial security, accelerate related enforcement work and firmly guard against systemic financial risk.
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