Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
US and Japan Fast-Track $550 Billion Strategic Investment Initiative 
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched 
NIO Inc. Shares Spike on Macquarie Upgrade and Promising Sales Growth
Chinese electric vehicle maker NIO Inc. saw a significant 12.2% surge in Hong Kong trading, reaching HK$46.60 after a Macquarie upgrade from "Neutral" to "Outperform." The stock mirrored a 10.5% overnight jump in NIO’s American Depository Receipts, buoyed by optimism for the company’s third-quarter earnings and an upbeat outlook for the fourth quarter.
Macquarie’s Higher Price Target
Macquarie’s revised target price for NIO rose to HK$65 from HK$52, based on expected strong quarterly earnings and elevated sales forecasts. The firm anticipates that NIO’s fourth-quarter performance will benefit from accelerated sales of its latest mass-market model, the ONVO L60, which launched this year to rival Tesla’s Model Y.
Record Deliveries Amid Competitive Market
Despite a competitive landscape and price pressures, NIO recorded record deliveries of 61,855 vehicles in the third quarter. The ONVO L60 has driven significant sales volumes since its September launch, positioning NIO to continue expanding its market share in the electric vehicle sector.
