On November 6, the Philippine Statistics Authority revised second-quarter GDP growth year over year to 2.4% from an initial 2.3%. According to Sina Finance, growth remained near its weakest level in five years, weighed down by weakness in construction and subdued domestic demand. The authority will release third-quarter GDP data on November 9.

On November 6, the $TRUMP meme coin associated with U.S. President Donald Trump had fallen more than 22% this week, briefly reaching a record low of $1.116 before edging higher on Friday. According to Sina Finance, Republicans lost control of both chambers of Congress in the midterm elections, heightening market concerns about tighter crypto regulation. Launched around the time Trump took office as the 47th U.S. president in early 2025, the token reached an all-time high of $73.43 and has since lost about 99% of its value. Some Democratic lawmakers had advocated stronger anti-money-laundering and risk-management requirements for the crypto industry and blocked the CLARITY Act. With Democrats controlling Congress, the prospects for crypto legislation supported by the Trump administration face greater uncertainty. Bitcoin is expected to fall about 2% this week, reflecting concerns about future U.S. crypto regulation.

Blackstone now expects Anthropic may not receive an investment-grade credit rating immediately after its IPO. According to Sina Finance, people familiar with the matter said Blackstone had previously expected an investment-grade rating by the end of 2026 but recently revised its outlook to a BB-range or higher non-investment-grade rating, based on feedback from major credit-rating agencies. Anthropic’s IPO prospectus says it plans to invest more than $800 billion in computing infrastructure by 2045. The company has more than $112 billion in cash and cash equivalents, and investors expect its IPO could raise about $100 billion. A U.S. technology-focused portfolio manager said that lacking an investment-grade rating would raise financing costs. Insurance companies and pension funds may also be limited in how much non-investment-grade debt they can hold. The revised rating outlook comes as Anthropic pursues a $63 billion chip-financing deal, Project North Star, to lease 1.5 gigawatts of Google AI computing capacity. Blackstone is the deal’s lead investor and is working with participating banks to sell the debt to other institutional investors. Broadcom guarantees more than $42 billion in senior loans, while $18 billion in junior debt is to be repaid from Anthropic’s lease payments. Blackstone funds invested $9 billion in the junior debt, which yields more than 10%. Kroll Bond Rating Agency has rated the $18 billion in junior debt BB+ with a positive outlook, while Morningstar DBRS assigned it a BB rating. Fitch, Moody’s and S&P have not formally announced credit ratings for Anthropic itself.

According to Jin10, Societe Generale interest-rate strategists said the U.S. Treasury market’s focus is shifting back to fundamentals after the U.S. midterm elections. The October U.S. nonfarm payrolls report is due at 21:30 (UTC+8). The strategists said falling oil prices and the removal of a major risk event initially lifted stocks and bonds together, while long-term issues remain, including fiscal policy, Treasury issuance, the debt ceiling, and the pace of AI investment. They expect U.S. Treasuries to retain their safe-haven appeal and said fading fiscal stimulus, moderating inflation, and periodic volatility in risk assets would support moderately lower yields and a flatter yield curve over the medium term.

According to Jin10, South Korea's Ministry of Economy and Finance held a roundtable with semiconductor experts to review industry trends and future demand prospects, amid concerns about AI data center regulation following the U.S. midterm elections that contributed to stock market volatility. Participants assessed that the medium- to long-term growth outlook for AI and semiconductors remained valid, citing major AI companies' investment progress and future plans, as well as semiconductor demand growth driven by wider adoption of agentic AI. They said no clear signs of a contraction in AI investment or semiconductor demand had been observed, despite some financial market concerns. Short-term demand was expected to remain stable, taking into account factors including expanded long-term supply contracts by South Korean semiconductor companies.

FGE NexantECA Chairman Emeritus Fereidun Fesharaki says oil should trade at $80 to $90 a barrel, citing supply and demand and low inventories, according to Bloomberg. He expects oversupply to push prices to $65 to $70 by this time next year. Fesharaki speaks with Haslinda Amin on “Insight with Haslinda Amin.”

Claudio Piron, Bank of America Global Research’s head of Asia FX and rates strategy, sees opportunities to go long the Korean won and Taiwan dollar after the AI-driven selloff, according to Bloomberg. He said current-account surpluses and continued export flows should support the currencies.

Finance Minister Situmbeko Musokotwane will unveil Zambia’s 2027 budget plan on Friday, with near-record copper prices providing a tailwind for Africa’s second-biggest copper producer, according to Bloomberg. El Niño threatens crops.

After this round of adjustments, the market may need to find a new direction, but there will always be a turning point. Now, we need to be more patient.

Artificial intelligence, investment, US stocks, Cathie Wood, US stocks evaporate trillions of dollars overnight: Has the AI ​​bubble burst? Golden Finance, US AI stocks experience a magical night.

The S&P 500 closed down 4.4%, its worst day since Trump announced the "Liberation Day" tariffs last April. The Nasdaq fared even worse, falling 5.5%, wiping out $2.5 trillion in market capitalization in a single day. Markets are concerned about potential Democratic bans on AI if they come to power.

Where will the value of tokenized deposits ultimately reside when they are transferred across banks?

Binance founder Changpeng Zhao (CZ) reviewed the response after the incident, the status of user funds and withdrawals, and the assistance provided by Tether, Circle, law enforcement agencies, and other industry participants in freezing and tracking the stolen funds.

Citrini, a well-known Wall Street research firm, has once again spoken out, announcing that "the most optimistic expectations for AI infrastructure deals are over."

Zcash aspires to be "digital cash." The NU7 upgrade prioritizes speed. (Jinse Finance) What will this NU7 upgrade bring to Zcash?

Democrats are not wasting any time turning their barrels against Donald Trump, pushing for a fresh wave of investigations targeting the president's business interests and influential technology executives, putting his family-linked crypto ventures and corporate relationships under renewed scrutiny.

Looking back at Russia's history with encryption, we can see how a country constantly adjusts its strategies in response to industry changes and international competition.

On November 5th, Eastern Time, US stocks experienced their most severe sell-off this year. The Nasdaq Composite Index fell by nearly 6% at its peak, approaching the intensity of the "Great Liberation Day" in April 2025, while AI infrastructure stocks generally fell by 10%-20%.