Special Administrative Region of China on the southern coast, a global financial hub with a fraught democracy debate
Nvidia has announced Jensen Huang has resigned as chief executive after revelations of extramarital affairs. Colette Kress has been named interim CEO as the board launches a search for a permanent successor. The board also appointed Harvey Jones as executive chairman. The developments come as U.S. and international scrutiny intensifies over national security concerns tied to ongoing chip export debates.
The BBC and The Scotsman report on Chris Cash’s interview and 6,000 messages, revealing how a Chinese official sought UK information and flagging questions about whether China was aligned with UK policy during the 2022 Tory leadership contest. Cash says he was unprofessional and naive, but maintains he would never harm UK security.
Binance has disclosed a security breach that has affected an estimated $6.3 billion in client assets, suspended withdrawals and worked with stablecoin issuers to freeze roughly $2.5–3 billion on-chain. The FBI and US law enforcement partners are tracing stolen funds, which investigators say have been converted mainly into ether and routed through DeFi and instant-swap services.
Briton Stojsavljevic has defeated former Grand Slam champion Sofia Kenin in Hong Kong, reaching the second round after a dramatic 6-3 4-6 6-4 victory. The 17-year-old Briton, ranked 411, overcame a late challenge to secure a notable win and will meet Zeynep Sonmez next.
Binance has reported an estimated $6.3 billion breach of its wallets and has frozen about $3 billion of affected assets. The company has said it will cover customer losses, has resumed phased withdrawals for major tokens, and is working with law enforcement and blockchain firms while investigators and analysts link the attack to North Korea’s TraderTraitor unit.
The Guardian reports Holly Osborne is set to ride Highwayman in the St Leger at Sha Tin, following a breakthrough season that culminated in a historic British Classic win. Hong Kong audiences are watching closely as she debuts at Sha Tin and aims to convert consistency into a sustained winning run.
Taiwanese memory makers Winbond and Macronix see record earnings as demand grows for specialized chips. Yet supply constraints persist, with lead times for critical tools exceeding two years and new capacity not online until 2029-2030. China’s CXMT advances its DRAM roadmap as US restrictions bite, while global tungsten supply disruptions ripple through AI hardware chains.
Emma Rybakina has withdrawn from the 2026 WTA Finals at Indian Wells, saying she is "not physically ready to compete" and will rest for the 2027 season. The WTA has cited a viral illness as the official reason. Marta Kostyuk will replace her in Group 1 and will open against Linda Noskova on Sunday.
The United States and China have extended a fragile trade truce as midterm dynamics shape leverage. Washington has kept a cautious stance while Beijing signals readiness to offer concessions, with talks focused on timing and scope ahead of two scheduled meetings in Shenzhen and Miami.
Binance has published an initial investigation showing a months‑long, multi‑stage social‑engineering campaign and tampered developer tools let attackers compromise multiple engineers’ laptops, an internal AI tool and then drain $6.3 billion from hot wallets. The FBI has linked the theft to North Korean actors; Binance says it has replenished most assets and is hiring outside cyber experts.
Hong Kong activist Joshua Wong has pleaded guilty in a second national security case and faces life imprisonment, adding to a prior four-year term. Authorities say the case underscores a crackdown on dissent, while supporters frame it as a fight for democracy. The court is set to hand down a penalty after a September guilty plea.
To be determined
Hong Kong activist Joshua Wong has been sentenced to 10 years in prison after pleading guilty to conspiring to collude with foreign forces under the citys national security law. He had already been serving a separate national-security term and had been due for release in January 2027; the new sentence will extend his detention.
Taiwan's prosecutors have moved to detain two figures tied to a minor political party amid an investigation into foreign interference in local elections. The case highlights concerns about electoral influence ahead of the 2028 presidential race, with courts granting detention in one case and bail in another. The political landscape remains tense as authorities push forward with prosecutions.
TSMC has lifted its revenue and capex guidance as demand from AI-focused data centers sustains growth; meanwhile Qualcomm warns of slower handset demand and Huawei Hong Kong unit expands capacity to match AI-driven demand. Collectively, the sector faces a shifting demand cycle and tighter supply dynamics as AI infrastructure expands.
The Nasdaq 100 has fallen sharply, erasing trillions in value as AI-heavy tech leads the sell-off. Nasdaq down for the session; Nvidia and Tesla are among the hardest hit as regional and global markets wobble amid regulatory and growth concerns.
Au Kam San, 69, has been found guilty of subverting state power and related offenses under Macau’s 2009 National Security Law after a closed-door trial. His communication with foreign groups and dissemination of politically charged information are cited as key elements of the case. The verdict, condemned by rights groups, marks a rare prosecution under Macau’s security regime.
Filipina rising star Alexandra Eala has captured her maiden WTA title in Hong Kong, defeating Claire Liu 6-3, 6-0 after a hard-fought week. The 21-year-old enters the season-ending stretch at a career-high ranking, beating a sequence of near-champions en route to the title.
The Trump-era dynamic remains a catalyst for global politics as world leaders assess how the recent midterms have reshaped U.S. governance. Allies worry about policy continuity while opponents anticipate intensified international tensions and economic shifts. The public is watching how new leadership will execute promised changes.
The Guardian, South China Morning Post and The Times of Israel report significant cultural revivals and contemporary performances. The Guardian covers Britten’s War Requiem in Coventry, highlighting political protest and human hope; the Hong Kong Philharmonic marks a new era under Tarmo Peltokoski as he begins a four-year tenure; The Times of Israel showcases Revolution Orchestra blending classical with rock and theatre, including North American engagements.
Britain has unveiled a overhaul of its immigration rules, doubling the standard period for permanent settlement to 10 years for most migrants, while BN(O) visa holders are exempt from income changes but must meet English and criminality standards. Care workers may gain a five-year path to settlement if requirements are met; refugees face longer waits. The changes aim to link settlement to contribution and grounds of fairness.
Nvidia has announced an independent board-led probe into Jensen Huang’s extramarital affair, amid US intelligence concerns that his associate engaged in espionage for Beijing. The company’s stock has fallen as shareholders and lawmakers seek clarity on national security risks and succession plans.
Hong Kong’s week of IPO debuts is the busiest since late summer, with several semiconductor listings priced at the low end of ranges. Amicro and Hosin set pricing near floor levels, drawing tepid institutional demand but strong retail interest. Early trading shows mixed results as market appetite for tech listings remains cautious.
A wave of new venues in Hong Kong blends local flavours with tech-inspired design, sparking debate over authenticity. Critics say some concepts lean on AI aesthetics and cultural pastiche, while others praise innovative menus and immersive experiences.