☕️ Good morning, friends,

Mid-Autumn Festival is coming up in China, and we’ve already received our first mooncakes. 🥮

We’re still undecided whether our favorite filling this year is instant noodles or sauerkraut-bullfrog (no joke). What do you think?

In other news: In Israel, about half of all newly registered EVs and hybrids now come from China. Tesla is the only non-Chinese brand in the top ten — an interesting twist given the current geopolitical situation…

MARKETS

Highlights

Asian market’s mixed feelings: Seoul’s KOSPI hit another record 3,486 points, lifted by chip and defense stocks and strong foreign inflows. Korea Exchange chief Jeong Eun-bo even spoke of an upcoming “KOSPI 10,000 era,” while pledging longer trading hours and faster settlement. Hong Kong slipped, Singapore gained, and Taipei jumped nearly 3% on TSMC’s Nvidia-fueled surge.

TOP BIT

💊 Pharma poker between Xi and Trump

They’re talking again: in current discussions between Donald Trump and Xi Jinping, the agenda goes beyond TikTok and tariffs — fentanyl crackdowns and pharma supply chains are now at the center.

The Details

💉 Fentanyl feud: Trump accuses China of doing too little to curb exports of …