Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3838.46 | ▼0.10% |
| SZSE Component | 12833.13 | ▼0.42% |
| ChiNext | 3107.85 | ▼0.87% |
| Hang Seng | 24102.99 | ▼0.11% |
| Hang Seng Tech | 4197.02 | ▲0.06% |
| S&P 500 | 7801.77 | ▼0.22% |
| Nasdaq | 27538.69 | ▼0.22% |
| Dow Jones | 51179.87 | ▼0.66% |
| Gold | 4127.30 | ▲0.40% |
| Crude oil | 89.50 | ▲1.38% |
| VIX | 15.08 | ▲0.47% |
Shanghai turnover: CNY 62.7bn
Macro & policy
| Indicator | Forecast | Previous | Actual |
|---|---|---|---|
| USD President Trump Speaks | — | — | — |
| USD FOMC Meeting Minutes | — | — | — |
| USD FOMC Member Waller Speaks | — | — | — |
| GBP BOE Gov Bailey Speaks | — | — | — |
| USD Unemployment Claims | 200K | 197K | — |
Finance news
1. Tail Risk for ASIC, Memory and Optical Module Components: US Power Shortage Leaves Racks Installed but Unpowered
Wall Street CN reports that US power shortages are emerging as a “tail risk” for ASIC, memory and optical module components, with data center racks installed but left unpowered. The bottleneck could slow the pace of AI compute expansion.
Source: 华尔街见闻
2. Anta Group Officially Becomes Puma’s Largest Shareholder
Anta Group has officially become the largest shareholder of Puma, according to Yicai. No details on the stake size or transaction terms were disclosed. The move could affect the global sportswear industry landscape.
Source: 第一财经
3. Inside India newsletter: Food crisis, economic shock ahead as India braces for El Niño
The super El Niño weather phenomenon is emerging as the latest headwind for the Indian economy. India is bracing for a potential food crisis and economic shock, with agriculture and prices likely hit first.
Source: CNBC Markets
4. Auto Briefing | Global share of pure combustion-engine new car sales falls below 50% for the first time; Rivian gets $1 billion loan from Volkswagen Group
An auto news briefing reports that the global share of new cars powered purely by combustion engines has fallen below 50% for the first time. Rivian has received a $1 billion loan from Volkswagen Group.
Source: 界面新闻
5. Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand
Samsung Electronics said Thursday its preliminary third-quarter operating profit is expected to exceed 100 trillion won ($80 billion) for the first time, setting a record. The AI boom is fueling demand for its chips.
Source: CNBC Markets
6. China’s railways carry 152 million passengers during National Day holiday
China’s railway network handled 152 million passenger trips during the National Day holiday, Jiemian.com reported. The figure reflects the concentrated travel peak during the week-long break.
Source: 界面新闻
7. Three Chinese Scholars Dedicated to Environmental Resource Sharing | Story - Caixin
A Caixin “Story” feature profiles three Chinese scholars dedicated to environmental resource sharing. It recounts their efforts and practices in advancing the cause.
Source: 财新
8. Towering Buddha and Anonymous Artisans | A Thousand Years of Maijishan Grottoes (Part 6, Final)
In the final installment of Caixin’s series on the thousand-year-old Maijishan Grottoes, the focus is on the towering Buddha statues and the anonymous craftsmen behind them, exploring the grottoes’ creation and artistic legacy.
Source: 财新
Filings & research
Company filings (CNINFO, titles in Chinese)
- 华海药业：浙江华海药业股份有限公司2026年前三季度业绩预增公告
- 飞龙股份：飞龙汽车部件股份有限公司2026年前三季度业绩预告
- 江丰电子：2026年半年度报告（更正后）
- 华东医药：2026年半年度报告（英文版）
- 芯联集成：芯联集成电路制造股份有限公司2026年前三季度业绩预告的自愿性披露公告
Research notes
1. Everbright Securities International: Hong Kong Stock Rebound Capped, Watch Insurance Sector Opportunities
Everbright Securities International says the rebound in Hong Kong stocks faces limits, with limited upside. The brokerage advises investors to watch opportunities in the mainland insurance sector.
Source: 券商研报
2. How will A-shares perform after the holiday? Multiple brokerages weigh in
Several Chinese brokerages have released views on how A-shares may perform after the holiday, offering assessments on market direction and allocation opportunities. The report gathers institutional opinions for investors’ reference.
Source: 券商研报