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Hong Kong stocks closed lower; the Hang Seng Index fell 1.26% and the Hang Seng TECH Index dropped 2.36%. Gold miners and PCB-related names led declines.

2026-11-12

Hong Kong stocks closed lower; the Hang Seng Index fell 1.26% and the Hang Seng TECH Index dropped 2.36%. Gold miners and PCB-related names led declines.

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2026-11-12

CHINA said at a Nov. 12 briefing that it has clarified its position on so-called "Chinese spy" allegations and urged the US to stop fabricating spy narratives and seeking excuses for technology restrictions tied to NVIDIA. It said China’s technologic

CHINA said at a Nov. 12 briefing that it has clarified its position on so-called "Chinese spy" allegations and urged the US to stop fabricating spy narratives and seeking excuses for technology restrictions tied to NVIDIA. It said China’s technological progress depends on independent innovation and open cooperation. CHINA added that Beijing and Washington maintain close communication on leaders’ interactions and that it is willing to work with the US to implement leaders’ consensus and build a constructive strategic-stability relationship based on mutual respect and equity.
2026-11-12

BAE Systems raised full-year free cash flow guidance by roughly 50%, updating its outlook from >£2bn to about £3bn (~$4bn), citing higher government defence spending in its core markets. The company reiterated expected full-year sales growth of 8–10%

BAE Systems raised full-year free cash flow guidance by roughly 50%, updating its outlook from >£2bn to about £3bn (~$4bn), citing higher government defence spending in its core markets. The company reiterated expected full-year sales growth of 8–10% and said orders have strengthened as European nations accelerate equipment purchases to boost capabilities and reduce reliance on US suppliers, while ongoing Middle East conflicts are prompting defense upgrades by major regional customers. BAE added that strong year-to-date financial and operational performance and a large backlog improve near-term revenue visibility and support sustainable growth over the coming years.
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