Oil prices, already at their lowest point since August, continued to decline after U.S. President Donald Trump indicated that no new attacks on Iran would be necessary. Meanwhile, China’s trade surplus for the year to date has surpassed $1 trillion, a significant economic milestone for the nation.
Chinese Export Growth Surpasses 35% for Second Consecutive Month
Despite marking the strongest import growth since 2021, China’s trade surplus has enlarged, benefiting from export figures that have surged by over 35% for the second consecutive month. The financial tides favor China as it maintains its robust position in international trade.
China’s inaugural issuance of a green bond denominated in yuan in Canada saw substantial demand. Conducted amidst an improving diplomatic relationship between the two countries, this bond transaction expands China’s financial avenues for global sustainable projects.
Rising Revenue for TSMC; Nvidia Legal Affairs Escalate
Taiwan Semiconductor Manufacturing Company (TSMC) reported a notable 14.7% increase in consolidated revenue for October 2026, reaching TWD 586.89 billion—a 59.7% year-on-year leap. Cumulatively, its earnings from January to October have surged 43.3% compared to last year, hitting TWD 4.485 trillion.
Nvidia’s Chief Legal Officer, Tim Teter, has been implicated in an ongoing U.S. investigation related to the suspected theft of artificial intelligence chip designs by Megaspeed International.
In another corporate narrative, Hims & Hers recorded a 49% year-on-year revenue rise for the third quarter, accumulating $890 million. However, the gross profit margin declined from 74% to 57%. The company swung to a net loss of $33 million, a stark reversal from the $15.8 million net profit reported for the same period last year. Moreover, it revised down its adjusted EBITDA forecast for 2026 from $275-325 million to $257-277 million, representing an estimated 11% decrease in midrange projections. Its annual revenue guidance has been narrowed to a range of $3.13 to $3.15 billion.
HIMS Faces Market Pressure, Moderna Surges
According to TradingBeats, the price of the perpetual HIMS contract on Hyperliquid fell significantly from $22.95 to $20.57, before rebounding above $23 within half an hour. At the time of writing, the contract was trading at $22.14 with a 24-hour volume of approximately $11.43 million and an open interest nominal value of $3.22 million.
Conversely, Moderna contracts gained about 5.9% over the corresponding 24-hour period, reaching $271.66. On November 6, Moderna disclosed a net profit of roughly $162 million for the third quarter and raised its annual revenue growth forecast to a range of 15-25%, up from the prior estimate of 10% at most.
The HIMS contract suffered a 24-hour loss of approximately 14.8%, yet the overall dip since the pre-earnings period remained around 3.6%. The discrepancy highlights that the majority of the daily loss materialized in advance of the earnings announcement.
