Chinese A-share market staged a sharp morning rally—Sci-Tech Innovation 50 rose nearly 5% intraday—but indices pulled back into the close. Shanghai Composite -0.67%; Shenzhen Composite (Shenzhen Composite Index) -1.68%; ChiNext -2.44%; STAR 50 +0.73% at close. Combined Shanghai/Shenzhen turnover exceeded 1.93 tln yuan and more than 4,600 stocks fell. Sector winners were compute-power chips, CPU-concept names, dairy and semiconductors; laggards included physical-AI, precious metals, cinema chains

2026-11-12

Chinese A-share market staged a sharp morning rally—Sci-Tech Innovation 50 rose nearly 5% intraday—but indices pulled back into the close. Shanghai Composite -0.67%; Shenzhen Composite (Shenzhen Composite Index) -1.68%; ChiNext -2.44%; STAR 50 +0.73% at close. Combined Shanghai/Shenzhen turnover exceeded 1.93 tln yuan and more than 4,600 stocks fell. Sector winners were compute-power chips, CPU-concept names, dairy and semiconductors; laggards included physical-AI, precious metals, cinema chains, gaming and liquor. Key movers: Tianpu hit the daily limit; Muxi, Moore Threads and Cambricon rose over 8%; CHINA'S CPU MAKER HAIGUANG, Rendong Holdings and East China Heavy Machinery also rallied. Suiyuan Technology jumped about 13% to a new high as the semiconductor sub-sector broadly advanced.

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2026-11-12

Turkey central bank governor said demand is cooling and there are signs downside pressure on demand may rise. He warned that if investor confidence in lira assets deteriorates, the bank will use all available tools. Updates to forecasts and targets do not signal policy easing.

2026-11-12

贸易经济学家Mike Waugh根据美国人口普查局数据测算,2026年1—9月,美国AI相关产品出口中,再出口(外国制造、进口后再次出口)占比达到52%,远高于全部商品出口23%的比例。按三个月移动均值计算,美国本土制造出口约162亿美元,同比增长19.5%;再出口约169亿美元,同比增长38.5%,规模已反超本土出口。值得注意的是,2025年美国启动关税政策后,再出口规模明显加速增长。美国正在成为全球AI硬件供应链的重要集散地,大量外国制造的AI相关产品经美国进口、仓储及转运后流向其他市场,而本土制造出口增速相对较低。这也反映出美国AI贸易出口额的增长,越来越多地由国际供应链流转贡献。