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Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Markets

China lifts FX reserve ratio to 6% to cool yuan’s 5% rally

The PBOC is draining dollar liquidity from banks to slow the yuan’s sharp rise. It is the first increase in this ratio in nearly five years.

News | 4 November 2026

China lifts FX reserve ratio to 6% to cool yuan’s 5% rally

The PBOC is draining dollar liquidity from banks to slow the yuan’s sharp rise. It is the first increase in this ratio in nearly five years.

The PBOC will raise the foreign-exchange reserve requirement ratio by 2 percentage points to 6% from 4%, effective 15 Nov.

The yuan had gained more than 5% against the dollar this year on strong exports and corporate conversion flows.

The move snapped a 13-session onshore yuan winning streak, its longest since 1996. It reverses the ratio cuts of 2022–23, made when the yuan was weakening.