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The Cyberspace Administration of China and the National Financial Regulatory Administration has stepped up oversight of online financial information and acted against a batch of accounts publishing or spreading "malicious debt evasion", "improper ant

2026-11-06

The Cyberspace Administration of China and the National Financial Regulatory Administration has stepped up oversight of online financial information and acted against a batch of accounts publishing or spreading "malicious debt evasion", "improper anti-collection", "claims agent" and "credit repair" content tied to financial black/gray-market activity.

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2026-11-06

Asian currencies were mixed in early trade as an overnight US tech sell-off, driven by earnings and post-election concerns about potential limits on data-center development, dented risk appetite and could pressure market sentiment. Deutsche Bank rese

Asian currencies were mixed in early trade as an overnight US tech sell-off, driven by earnings and post-election concerns about potential limits on data-center development, dented risk appetite and could pressure market sentiment. Deutsche Bank research said the rout appears to reflect a reassessment of AI investment prospects and position-driven liquidations. FX moves: USD/JPY up 0.02%, AUD/USD up 0.1%.
2026-11-06

US equities tumbled Thursday as investors accelerated exits from tech amid fears data‑center construction could slow or be paused, threatening the AI capex cycle. The Nasdaq fell 5.52%, entering technical‑correction territory; the S&P 500 dropped 4.3

US equities tumbled Thursday as investors accelerated exits from tech amid fears data‑center construction could slow or be paused, threatening the AI capex cycle. The Nasdaq fell 5.52%, entering technical‑correction territory; the S&P 500 dropped 4.36% and the Dow fell 3.44%, the largest single‑day declines for all three indexes since April 2025. Vermont Senator Bernie Sanders, aligned with Democrats, called for a nationwide pause on data‑center construction. Tim Holland, CIO at Orion, said investors are now largely on the sidelines until they can better assess how election outcomes would affect AI capital spending—a cycle he says has been the primary growth driver over the past three years.
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