Core Viewpoint - The A-share market is experiencing a strong upward trend, with major indices closing in the green and the Shanghai Composite Index reaching a 10-year high, indicating a positive outlook for 2026 [1][2]. Market Performance - The Shanghai Composite Index rose by 0.73%, the Shenzhen Component increased by 1.78%, and the ChiNext Index gained 2.55% [1]. - Over 3,900 stocks rose, with 106 stocks hitting the daily limit up [1]. Sector Highlights Lithium Battery Sector - The lithium battery concept saw a significant surge, with stocks like Huasheng Lithium and Ningde Times rising over 7% [1]. - The demand for lithium batteries, driven by energy storage needs, has led to a rise in prices for key materials like electrolyte additives [3]. Photovoltaic Sector - The photovoltaic sector rebounded strongly, with companies like Hesheng Silicon and Dongyue Silicon experiencing substantial gains [5]. - The National Energy Administration's guidance on promoting renewable energy integration has positively impacted the sector [5][6]. Precious Metals - Precious metals, particularly gold, saw a price increase, with COMEX gold futures rising by 2.07% to $4,201.4 per ounce [8]. - The market for precious metals is expected to benefit from ongoing ETF inflows and central bank purchases [8]. Institutional Perspectives - Shenwan Hongyuan believes that the bull market has further depth, with the spring of 2026 potentially marking a phase high but not the peak of the current bull market [10][11]. - Zhongyuan Securities suggests that the Shanghai Composite Index is likely to consolidate around the 4,000-point mark, with a balanced market style expected to continue [12]. - Everbright Securities notes that the market is currently in a policy window period, with strong expectations for December policies, which may support a continued upward trend [13].

Commonwealth Fusion Systems is trying to solve one of the industry’s biggest challenges: getting people to drop using the words “nuclear” and "reactors." https://t.co/5PEI1vWXWo ...

Chris Sacca's Lowercarbon Capital is looking to raise a second fund to back nuclear fusion as data center energy use drives interest in the technology https://t.co/a5nM5xQMbP ...

Core Insights - Japan's Nikkei index has reached an all-time high, crossing the 51,000-mark on October 30, 2025, with a 14% increase in the past month [1] - The Bank of Japan (BoJ) has maintained its policy rate at 0.5% and is not in a hurry to tighten monetary policy despite inflation expectations [2][3] - Prime Minister Sanae Takaichi supports "Abenomics" and aims to enhance investment in strategic sectors, which may lead to a weaker yen [4][5] Monetary Policy - The BoJ is expected to keep its monetary policy loose, with inflation projected at 2.7% for fiscal 2025, 1.8% for fiscal 2026, and 2.0% for fiscal 2027 [2] - Two board members advocated for a 25 basis points rate hike, but the majority preferred to wait for further assessment [2] Economic Environment - Japan's exports have faced a weakening environment, having dropped for four consecutive months before a slight increase in September [3] - A weaker yen could enhance the profitability of export-oriented sectors, benefiting from repatriated income [5] Investment Opportunities - The rally in Japanese equities is expected to increase demand for Japan-focused large-cap ETFs, such as WisdomTree Japan Hedged Equity Fund (DXJ) and iShares Currency Hedged MSCI Japan ETF (HEWJ) [6][7] - ProShares UltraShort Yen (YCS) is anticipated to benefit from a declining yen, with the Invesco CurrencyShares Japanese Yen Trust (FXY) losing 3.2% over the past month [5][8]

Core Viewpoint - Japan's Nikkei 225 index reached an all-time high, driven by optimism surrounding government spending and monetary policy following the election of Sanae Takaichi as the new leader of the ruling Liberal Democratic Party [1][2]. Market Reaction - The 30-year Japanese government bond yield hit a record high, while the two-year note yield decreased due to expectations of delayed rate hikes by the Bank of Japan [3]. - The yen experienced a moderate decline against the U.S. dollar and reached historic lows against the euro [3]. Political Context - Takaichi is perceived as the most expansionist candidate, succeeding the hawkish Prime Minister Shigeru Ishiba, which contributed to the surge in the Nikkei index [4]. - Takaichi's agenda includes enhancing investment in strategic sectors such as artificial intelligence, semiconductors, nuclear fusion, and defense [5]. Investment Opportunities - The rally in Japanese equities is expected to increase demand for Japan-focused large-cap ETFs, particularly in a falling yen environment, which benefits export-oriented companies [7]. - Specific ETFs poised to gain include WisdomTree Japan Hedged Equity Fund (DXJ), Xtrackers MSCI Japan Hedged Equity ETF (DBJP), and iShares Currency Hedged MSCI Japan ETF (HEWJ), with DXJ rising 2.8% on October 6, 2025 [8]. - ProShares UltraShort Yen (YCS) gained 3.8% on the same day, while the Invesco CurrencyShares Japanese Yen Trust (FXY) fell by 1.9% due to expectations of easier monetary policy [9].

An American startup is challenging the widespread misapprehension that controlling nuclear fusion is hard. Its founders are revisiting a 60-year-old idea https://t.co/QAEY9jtc3V ...

So long as one is not hoping to use the process to produce electricity, controlling nuclear fusion is easy. Indeed, it is possible to build a fusion reactor on a bench top. We explain how https://t.co/4lvL2Y54tK ...

Company Strategy - Commonwealth Fusion Systems 计划在 2030 年代末或 2040 年代初在日本部署一个反应堆 [1] Leadership - CEO Bob Mumgaard 在一次采访中透露了该计划 [1]

Energy Sector - Natural Nuclear Fusion is unbeatable [1]

Core Argument - Nuclear fusion represents a potential solution to energy challenges, offering a clean, abundant, and sustainable alternative to fossil fuels [4][14] - The technology is advancing, with breakthroughs in sustained fusion energy output and achieving ignition, where more energy is produced than consumed [18][19] - Global collaboration and private sector investment indicate growing support and momentum for nuclear fusion research and development [20][21][22] Technological Advancements - Fusion involves combining light atomic nuclei, like deuterium and tritium, to release substantial energy [6][7][12] - Achieving fusion requires extremely high temperatures, exceeding 100 million degrees Celsius, creating plasma that needs to be contained [15] - Magnetic confinement, using devices like tokamaks, is a leading method for containing plasma [16] - Ignition, producing more energy from fusion than input, has been achieved, demonstrating the potential for efficient energy generation [19] Fuel and Sustainability - Deuterium, a key fusion fuel, is abundant in seawater, and tritium can be bred from the fusion cycle itself, ensuring a sustainable fuel supply [13][14] - Fusion emits no greenhouse gases and produces no long-term radioactive waste, unlike nuclear fission [14] Challenges and Future Directions - Sustained funding, global cooperation, and continued research are crucial for realizing the potential of fusion energy [29] - Public perception and political challenges related to nuclear energy need to be addressed to gain widespread acceptance [25][26]