Morgan Stanley strategists said European companies’ earnings growth accelerated this quarter, nearly matching the United States, as signs of a stronger-than-expected earnings season increased. According to Sina Finance, a team led by Regiane Yamagata wrote in a research note that year-over-year earnings growth was 28%, compared with 30% in the United States, and company reports prompted analysts to continue raising earnings estimates. The weighted share of stocks that beat expectations was 28%, while the breadth of upward revisions to forward earnings forecasts was 8%. After earnings reports were released, technology hardware, utilities, and high-performance computing led earnings upgrades; semiconductors and technology hardware were also the main drivers of upward earnings revisions.

Thailand aims to raise vehicle production to 1.95 million by 2030 and 2.5 million by 2038. According to Sina Finance, the Board of Investment said in a press release following a Monday meeting chaired by Finance Minister Ekniti Nitithanprapas that the auto industry also targets an additional 640 billion baht ($19.1 billion) in revenue by 2030. The public-private initiative supports multiple powertrain technologies, including electric vehicles and pickup trucks, and aims to encourage new EV production in Thailand, increase local parts use, attract investment in EV components, and expand recycling of vehicles, batteries, and electronic components. The auto plan is part of the government’s “Reinvent Thailand” strategy, which covers seven industries and targets more than 5.4 trillion baht in additional revenue by 2030. The broader strategy aims to push economic growth above 3%, raise investment to 30% of GDP, and place Thailand among the world’s 20 most competitive economies. The 2030 vehicle production target is about 34% above the 1.45 million vehicles expected this year. The plan also targets an additional 500 billion baht in annual tourism revenue by 2030, including through cruise tourism and efforts to promote five regions, including Bangkok, Phuket, and Chiang Mai, as global livable destinations. Other sectors covered include agriculture and food processing, smart electronics, health and wellness, retail, and the creative economy.

The Agnelli family sold a $700 million stake in CNH, according to Bloomberg. CNH Industrial NV agreed to sell 70% of its construction equipment business to a unit of Japan’s Kobe Steel as the family streamlines its industrial holdings.

Ankr’s Ethereum cross-chain bridge is under attack, with about $292,000 lost so far and the incident ongoing. According to Foresight News, Blockaid reported that the attacker made five withdrawal calls on Ethereum and used a small deposit on Optimism to unlock all assets held in the bridge and transfer them to a newly created address.

According to ChainCatcher citing Beating AI, Alibaba has launched Qianwen Office 2.0 with a new feature that lets AI begin tasks when specific messages, approvals, or to-do events arrive, expanding beyond the product’s previous scheduled-task capabilities. For example, after a manager sends an assignment on DingTalk, AI can automatically turn it into a to-do item based on rules set in advance. Users can review the results and modify or disable the rules at any time. Tasks can run locally or in the cloud; cloud-based tasks continue running even when the user’s computer is off.

Russia’s seizure of Japan Tobacco Inc.’s local assets risks reducing the Japanese government’s available spending funds as Prime Minister Sanae Takaichi pursues a costly policy agenda, according to Bloomberg.

According to CNBC, Goldman Sachs strategists led by William Marshall said major government bond yields could settle into ranges and rate volatility could ease if risk-asset volatility diminishes and energy-price relief holds. The 10-year Treasury yield was around 4.87% after rising above 5.25% in early October, while the MOVE Index was around 93 after exceeding 113 in early October. If risk assets stabilize, Goldman sees the 10-year Treasury yield trading in a 4.75-5.0% range.

According to RTHK, HKET and UDN Money, Japan's Nikkei 225 closed at 58,775.50, up 1,340.73 points or 2.33%, after touching an intraday high of 59,440. The broader TOPIX ended at 3,818.16, up 2.97%. Sony closed 3.74% higher and Tokyo Electron added 2.77%, while SoftBank Group fell 4.20%. Seoul's KOSPI closed at 5,018.85, down 40.84 points or 0.81%. Daishin Securities analyst Lee Kyoung-min said investors were looking for direction as bargain buying in semiconductors continued, adding that the scandal involving Nvidia CEO Jensen Huang caused fresh unease. Samsung Electronics rose 0.64% to 189,900 won and SK hynix edged up 0.35% to 1,136,000 won, while LG Energy Solution fell 5.78%, Hyundai Motor lost 2.86% and Hanwha Aerospace declined 3.18%. Hong Kong stocks opened higher but closed lower, with the Hang Seng Index ending at 24,448.95, down 32.91 points or 0.13%. The Hang Seng Tech Index fell 0.92% to 4,040.73. Main-board turnover was HK$173.71 billion. Meituan dropped 6.53%, the worst performer among blue chips, while SMIC rose 1.01% and Hua Hong Semiconductor gained 2.35%. Taiwan's TAIEX closed at 41,661.70, up 1,960.06 points or 4.94%, ending a seven-session losing streak, as the National Stabilization Fund announced it would enter the market. TSMC rose 4.68% to NT$2,235, Delta Electronics added 9.95%, MediaTek climbed 9.88% and Hon Hai gained 6.46%. In mainland China, A-shares were mixed. The Shanghai Composite closed at 3,660.79, up 0.32%, while the Shenzhen Component fell 0.27% to 11,145.49 and the ChiNext Index slipped 0.27% to 2,458.56.

Wall Street's olive branch failed to support HYPE: the combination of priced-in profits, token allocation, and policy uncertainties caused the price to surge and then decline.

Huang Renxun's scandal has brought Singaporean computing power provider Megaspeed to the forefront: chips are not exported, computing power is leased back to China via Southeast Asian data centers, how long can the loopholes in export controls be exploited?

From the ban on MEXC and the settlement between Binance and OKX to the introduction of ICE, the United States is using three lines—law enforcement, investment, and dollar-denominated stablecoins—to incorporate global exchanges into its financial network.

DeepSeek, AI Agent, Harness: The "shell product" of yesteryear first proved the concept of DeepSeek Super-agent. Golden Finance: A single function can be copied in ten days, but thousands of instances of dissatisfaction cannot.

When a tech industry executive is embroiled in a private scandal, the market already has a well-established script for how to react.

Investors are forced to confront an increasingly clear fact: the US economy is not heading towards recession, nor has it slowed down significantly; rather, it is experiencing a new round of re-acceleration.

As time goes on, the next step is to buy into technology/application layer companies that are expected to have the ability to "keep profits in their hands" as hardware and software needs are gradually met.

What we need to observe next is not only when the Nasdaq stops falling, but also whether the US stock market correction will further affect liquidity, and whether the crypto market can regain independent buying support.

Nvidia CEO Jensen Huang issued an open letter to all employees on Sunday, formally admitting to an extramarital affair and apologizing for "infidelity" to his wife. The board of directors announced the launch of an independent investigation on the same day. Nvidia's stock price fell more than 3% in overnight trading, further increasing the uncertainty facing the company.

Galaxy Digital believes that the U.S. separation of government structure is generally market-friendly, but AI governance, security risks, and the impact on the labor market remain major unresolved issues.