Democrats’ midterm triumph sends US stocks soaring, but Tesla, SpaceX fall

South China Morning Post - Nov 4, 2026

US stocks rose after markets opened on Wednesday following the Democrats’ crushing victory in the US midterm elections, as the convincing result lifted some of the political uncertainty hanging over Wall Street. The S&P 500 opened 1.1 per cent higher at 9.30am local time, while the Dow Jones Industrial Average added 1.9 per cent after trading started and the Nasdaq Composite jumped 1.1 per cent. Analysts said the buoyant sentiment reflected investors’ eased concerns about abrupt policy shifts in...

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Chinese exporters see respite as Beijing curbs yuan rise amid looming record surplus

Nov 4, 2026

Chinese exporters see respite as Beijing curbs yuan rise amid looming record surplus

The People’s Bank of China’s (PBOC) intervention to raise the foreign exchange reserve requirement ratio amid the yuan’s sustained rally has delivered a reprieve for China’s broader export sector, as the measure is expected to partly ease appreciation momentum driven by the country’s enormous trade surplus, analysts say. China’s goods trade surplus mounted to a record US$938.1 billion in the January-September period, rising from US$726.2 billion in the same period a year prior. With the full...

Palay production dips to 3.08 million MT in Q3 2026

Nov 4, 2026

Palay production dips to 3.08 million MT in Q3 2026

The country"s palay production declined in the third quarter of the year, with the government strengthening its measures to shield the rice sector from the potential impacts of El Niño, the DA said.

‘The race is on’: Swiss bankers nod to Hong Kong’s prowess as wealth hub

Nov 4, 2026

‘The race is on’: Swiss bankers nod to Hong Kong’s prowess as wealth hub

Swiss private banking executives have acknowledged Hong Kong’s growing prominence as a global cross-border wealth-management hub, as geopolitical tensions prompt wealthy clients to diversify not only their investments but also where their assets are held. “The race is on,” said Giorgio Pradelli, CEO of Swiss private bank EFG International, during a panel discussion on Wednesday at the Global Financial Leaders’ Investment Summit hosted by the Hong Kong Monetary Authority (HKMA). He was referring...

TAT Expands Cross-Border QR Payments “Scan Thailand Pay Like A Local”

Nov 4, 2026

TAT Expands Cross-Border QR Payments “Scan Thailand Pay Like A Local”

The Tourism Authority of Thailand launched the "Scan Thailand Pay Like A Local" campaign, promoting cross-border QR payments for tourists, enhancing digital transactions, convenience, and revenue for local businesses.

US midterm blue tsunami jolts Asian markets as tighter AI, fiscal scrutiny looms

Nov 4, 2026

US midterm blue tsunami jolts Asian markets as tighter AI, fiscal scrutiny looms

Follow the SCMP’s live coverage here A comprehensive victory for the Democrats in the US midterms has jolted asset classes from stocks to bonds and commodities in Asia, as investors expect the US Congress to tighten scrutiny over the AI industry and government spending. Stocks in the region closed mixed on Wednesday, with investors bracing for heightened US regulatory oversight over the AI buildout. US Treasury yields fell on optimism that a Democratic-controlled Congress might restrict debt...

Peso dips vs. US dollar on October inflation worries

Nov 4, 2026

Peso dips vs. US dollar on October inflation worries

The Philippine peso weakened against the US dollar on Wednesday as expectation of further acceleration in October"s inflation rate weighed on the local unit.

DA seeks more funds to mechanize non-rice crops in 2027

Nov 4, 2026

DA seeks more funds to mechanize non-rice crops in 2027

The Department of Agriculture (DA) is seeking a bigger allocation for farm machinery for crops other than rice under the proposed 2027 national budget, acknowledging that most mechanization funding currently goes to rice production.

San Miguel's food and beverage unit eyes holiday demand pickup as profit dips

Nov 4, 2026

San Miguel's food and beverage unit eyes holiday demand pickup as profit dips

San Miguel Food and Beverage Inc. (SMFB) on Wednesday reported a slight decline in its net income for the first nine months of the year, but expressed optimism that consumer demand would pick up in the fourth quarter, usually its busiest period.

Wingtech rejects Nexperia restructuring, cites ‘discrimination’ towards Chinese investors

Nov 4, 2026

Wingtech rejects Nexperia restructuring, cites ‘discrimination’ towards Chinese investors

Shanghai-listed Wingtech Technology has rejected a restructuring proposal under which it would lose control of Dutch chipmaker Nexperia’s assets outside China, condemning the plan as an “expropriation” driven by discrimination. The stand-off deepens a year-long dispute between Wingtech and Dutch authorities, as the company faces an impending delisting deadline at home, while Dutch Prime Minister Rob Jetten prepares for an official visit to Beijing in the spring. In a statement on Tuesday,...

PH shares rebound on bargain hunting

Nov 4, 2026

PH shares rebound on bargain hunting

Philippine stocks rebounded Wednesday, lifted by bargain-hunting following market weakness in previous sessions.

2 cancer drugs from Li Ka-shing-backed Sequencio garner global attention

Nov 4, 2026

2 cancer drugs from Li Ka-shing-backed Sequencio garner global attention

Two cancer vaccines from Hong Kong-based Sequencio Therapeutics have been selected for presentation at a major US conference, as companies bet on therapies based on ribonucleic acid (RNA) to deliver breakthroughs in cancer treatment. Sequencio, a subsidiary of Li Ka-shing-backed CK Life Sciences, said on Wednesday that it will present preclinical data on cancer vaccine candidates CKLS118 and CKLS202 at the Society for Immunotherapy of Cancer (SITC) conference on Friday in Phoenix, Arizona. The...

Tencent unveils Hy4 as open-weight AI race with DeepSeek, Z.ai, Alibaba heats up

Nov 4, 2026

Tencent unveils Hy4 as open-weight AI race with DeepSeek, Z.ai, Alibaba heats up

Chinese tech giant Tencent Holdings has rolled out its latest flagship artificial intelligence model, Hy4, seeking to challenge top open-weight rivals with enhanced agentic capabilities built to power its enterprise software ecosystem. Released on Wednesday, the large language model (LLM) introduced visual understanding for the first time. Hy4 could process images, analyse complex charts and conduct visual mathematical reasoning, according to the Shenzhen-based company. Tencent said the release...

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