{"id":74419,"date":"2026-11-09T20:38:15","date_gmt":"2026-11-10T00:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asia-pacific-stocks-surge-as-china-and-canada-deepen-financial-ties\/74419\/"},"modified":"2026-11-09T20:38:15","modified_gmt":"2026-11-10T00:38:15","slug":"asia-pacific-stocks-surge-as-china-and-canada-deepen-financial-ties","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/asia-pacific-stocks-surge-as-china-and-canada-deepen-financial-ties\/74419\/","title":{"rendered":"Asia-Pacific Stocks Surge as China and Canada Deepen Financial Ties"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Asia-Pacific markets rallied sharply<\/strong>, led by a <strong>5.4% jump in the KOSPI<\/strong> and a <strong>3.0% gain in the Nikkei 225<\/strong>, as investors bought the dip following a recent tech slump and reacted to cooling <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a>.<\/li>\n<li><strong>China and Canada signed a landmark Memorandum of Understanding (MoU)<\/strong> on fiscal cooperation, marking a significant thaw in bilateral relations and committing to a &quot;transparent and predictable&quot; trade environment.<\/li>\n<li><strong>Hims &amp; Hers (<a href=\"\/stock\/HIMS\">HIMS<\/a>)<\/strong> shares faced volatility despite reporting a <strong>49% revenue surge<\/strong> to <strong>$890.4 million<\/strong>, as a strategic shift toward branded weight-loss drugs like Eli Lilly\u2019s (<a href=\"\/stock\/LLY\">LLY<\/a>) <strong>Zepbound<\/strong> pressured gross margins.<\/li>\n<li><strong>UK retail sales grew by a modest 1.1%<\/strong> in October, missing analyst estimates of <strong>1.2%<\/strong>, as households tightened spending on non-essentials ahead of the holiday season and major budget announcements.<\/li>\n<\/ul>\n<h2>Asia-Pacific Markets Rebound on Tech Recovery and Energy Relief<\/h2>\n<p>Equity markets across the Asia-Pacific region saw a broad-based recovery on Tuesday as investors moved to &quot;claw back&quot; losses from the recent volatility in the technology sector. The <strong>KOSPI (+5.4%)<\/strong> outperformed its regional peers, while the <strong>Nikkei 225 (+3.0%)<\/strong> and <strong>ASX 200 (+1.2%)<\/strong> also posted significant gains.<\/p>\n<p>Market sentiment was further bolstered by a decline in global oil prices and emerging optimism regarding <strong>US-Iran diplomatic relations<\/strong>. <em>Analysts noted that the easing of geopolitical tensions in the Middle East has provided a much-needed tailwind for risk assets<\/em>, particularly in energy-dependent Asian economies.<\/p>\n<h2>China and Canada Formalize Fiscal Cooperation<\/h2>\n<p>In a major diplomatic development, <strong>Vice Premier He Lifeng<\/strong> and Canada\u2019s finance and trade ministers co-chaired the <strong>Second Canada-China Economic and Financial Strategic Dialogue<\/strong> in Vancouver. The two nations signed a <strong>Memorandum of Understanding on fiscal cooperation<\/strong>, signaling a commitment to deepening financial sector ties.<\/p>\n<p>Key outcomes of the dialogue included the implementation of <strong>bilateral local currency swap arrangements<\/strong> and &quot;positive progress&quot; in ongoing trade consultations. Both sides reaffirmed their support for <strong>multilateralism<\/strong> and pledged to maintain a stable investment environment, a move seen as critical for businesses navigating global trade uncertainties.<\/p>\n<h2>Hims &amp; Hers Navigates Margin Pressure Amid Weight-Loss Expansion<\/h2>\n<p>Telehealth provider <strong>Hims &amp; Hers (<a href=\"\/stock\/HIMS\">HIMS<\/a>)<\/strong> reported robust third-quarter growth, driven by a diversified product mix including <strong>menopause therapies<\/strong> and <strong>testosterone testing<\/strong>. However, the company\u2019s pivot toward branded GLP-1 medications through a partnership with <strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> has impacted its bottom line.<\/p>\n<p>The <strong>CFO of Hims &amp; Hers<\/strong> noted that while the <strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> partnership is expected to improve long-term platform retention, the company intentionally paced its <strong>Q3 marketing spend<\/strong> on weight-loss drugs. <em>This strategic restraint comes as the firm prepares for further expansion in the highly competitive obesity treatment market.<\/em><\/p>\n<h2>UK Retail Sales Soften as Consumers Exercise Caution<\/h2>\n<p>The latest data from the <strong>British Retail Consortium (BRC)<\/strong> showed that UK like-for-like sales rose by <strong>1.1% year-on-year in October<\/strong>, slightly trailing the <strong>1.2% forecast<\/strong>. While the figure is a marginal improvement over September\u2019s <strong>1.0% growth<\/strong>, it underscores a &quot;subdued&quot; environment for British retailers.<\/p>\n<p>Shoppers appear to be prioritizing essential spending, with <strong>food sales<\/strong> providing the primary boost while <strong>non-food categories<\/strong> remained stagnant. <em>Market experts suggest that consumers are delaying discretionary purchases in anticipation of Black Friday deals and amid concerns over rising household costs.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Asia-Pacific markets rallied sharply, led by a 5.4% jump in the KOSPI and a 3.0% gain in the 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