Petroleum prices posted their lowest closing since August, extending recent declines after US President Donald Trump stated there would be no further military action against Iran. Meanwhile, China’s year-to-date trade surplus has slightly surpassed $1 trillion, reflecting ongoing strength in the nation’s export sector.
China’s export growth and green bond issuance in Canada
Despite recording its strongest import growth since early 2021, China’s trade surplus continued to widen. Export volumes increased more than 35% for the second consecutive month, driven by sustained international demand for Chinese goods.
China’s first yuan-denominated green bond issued in Canada attracted robust demand, marking a period of improving bilateral ties and helping China broaden its overseas funding for sustainable projects.
Green bonds, used to finance environmentally friendly initiatives, have become a key component of global efforts to attract international capital into sustainability-focused ventures.
Mini dictionary: Green bond, a debt security issued to raise funds for projects with clear environmental benefits. These projects often focus on renewable energy, energy efficiency, and climate adaptation.
TSMC revenue climbs, Nvidia’s legal chief joins US investigation
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported consolidated revenue of 586.89 billion New Taiwan dollars in October 2026, representing a 14.7% monthly increase and a 59.7% rise compared to the previous year. Between January and October, TSMC’s total revenue advanced by 43.3% to reach 4.485 trillion New Taiwan dollars, as global chip demand remained elevated.
Nvidia’s general counsel, Tim Teter, has become involved in a US investigation concerning allegations that Megaspeed International attempted to illegally export artificial intelligence chips.
Nvidia is a leading global producer of graphics processing units and AI chips, while TSMC serves as the primary manufacturer for much of the semiconductor industry.
Mini dictionary: Megaspeed International, a company under investigation for suspected unauthorized export of advanced AI chips amid tightening US restrictions on semiconductor sales.
Hims & Hers revises forecasts, trading volatility on Hyperliquid
Digital health provider Hims & Hers reported third-quarter revenue of $890 million, up 49% year-over-year. The company’s gross margin declined to 57% from 74%, and it logged a net loss of $33 million this quarter after reporting net income of $15.8 million in the same period last year. For 2026, Hims & Hers reduced its adjusted EBITDA guidance from a range of $275–$325 million to $257–$277 million, with the midpoint falling by around 11%. It also narrowed its full-year revenue outlook to between $3.13 billion and $3.15 billion.
| Metric | Q3 Previous Year | Q3 Current Year |
|---|---|---|
| Revenue | $597 million | $890 million |
| Gross margin | 74% | 57% |
| Net income | $15.8 million | -$33 million |
Price swings for HIMS and Moderna contracts
Data from TradingBeats showed that the perpetual HIMS contract on Hyperliquid, a decentralized derivatives exchange, plunged from $22.95 prior to earnings to a low of $20.57 at 05:08, a drop of approximately 10.4%. The contract rebounded to above $23 within 30 minutes, last trading at $22.14. Over the past 24 hours, trading volume for the contract reached $11.43 million, while total open interest stood at $3.22 million.
During the same period, the Moderna contract advanced 5.9% to $271.66. Moderna, a biotechnology company, reported net income of $162 million for the third quarter on November 6 and increased its forecast for annual revenue growth to a range of 15–25%, up from the previous estimate of up to 10%.
Total 24-hour losses for the HIMS contract reached 14.8%, but compared to pre-earnings levels, the decline narrowed to about 3.6%. This difference indicated that most of the losses occurred ahead of the earnings announcement.
