Finance 2026-10-13

Market snapshot

Shanghai turnover: CNY 407.3bn

Macro & policy

No major macro releases today.

Finance news

1. Smartphone Shipments Plunge 20%, Marking Worst Third Quarter in 14 Years for Global Phone Market

Global smartphone shipments fell 20% year-on-year in the third quarter, the weakest Q3 in 14 years. Weakening demand is piling pressure on handset makers facing inventory and growth challenges.

Source: 华尔街见闻

2. Market Open Today: Both Markets Open Lower, Shanghai Composite Down 0.96%

A-shares opened lower today, with both the Shanghai and Shenzhen markets declining. The Shanghai Composite Index fell 0.96% at the open.

Source: 财新

3. XPeng G9L Makes Global Debut at Paris Motor Show, Priced from €74,990 in France

XPeng’s G9L made its global debut at the Paris Motor Show, with a starting price of €74,990 in the French market. The model marks the Chinese EV maker’s latest push into Europe.

Source: 界面新闻

4. Doing Part-Time Data Collection for “Mifengpai,” I Ended Up 10 Yuan in the Red in a Day | Power Plant

A Jiemian “Power Plant” report describes a part-time worker who did data-collection tasks on the crowdsourcing platform Mifengpai and ended up 10 yuan in the red in a single day. It highlights low pay and hidden costs in such gig work.

Source: 界面新闻

5. How Red Bull’s F1 team is using AI to make split-second decisions for Max Verstappen

Red Bull Racing is increasingly using AI to help make real-time decisions during Formula 1 races. The team says human judgment remains essential.

Source: CNBC Markets

6. PCB Concept Stocks Rebound After Volatility

Yicai reported that PCB concept stocks rebounded after a volatile session. The sector regained some upward momentum.

Source: 第一财经

7. South Korea’s KOSPI Index Plunges More Than 7%

South Korea’s KOSPI index fell more than 7% in a single session, an unusually sharp drop for one of Asia’s major benchmarks. The report gave no specific cause, but such a slide typically signals rising risk aversion across global markets.

Source: 第一财经

8. SK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street chip sell-off

Asian technology stocks tumbled on Tuesday as a sell-off in U.S. semiconductor shares spread into regional markets. Shares of SK Hynix and SoftBank fell sharply.

Source: CNBC Markets

Filings & research

Company filings (CNINFO, titles in Chinese)

• 源杰科技：陕西源杰半导体科技股份有限公司2026年第三季度业绩预告的自愿性披露公告
• 联讯仪器：2026年前三季业绩预告的自愿性披露公告
• 奥来德：2026年前三季度业绩预告的自愿性披露公告
• 粤桂股份：广西粤桂广业控股股份有限公司2026年第三季度业绩预告
• 翰宇药业：2026年前三季度业绩预告
• 北方稀土：北方稀土2026年前三季度业绩预增公告
• 深圳燃气：深圳燃气2026年第三季度业绩快报
• 国机精工：国机精工集团股份有限公司2026年第三季度业绩预告

Research notes

1. Macro Dynamics Report: Revitalizing the 550 Billion Yuan Quota—What’s New?

This macro research report examines the revitalization of a 550 billion yuan quota, discussing its policy novelty and implications for growth stabilization, local fiscal space and bond markets. Details are based on the report’s title and section information.

Source: 券商研报

2. Macro Special Analysis Report: Policy Scale Tips Toward Stabilizing Growth

A macro research report from Securities Star says the policy balance is tipping toward stabilizing growth. It focuses on the implications of the policy stance for economic growth.

Source: 券商研报

3. Macro Weekly: September Construction PMI Rebounds Notably

A macro research weekly published by Securities Star notes that China’s construction PMI rebounded markedly in September, pointing to a recovery in construction-sector activity. The report interprets the data from a macroeconomic perspective.

Source: 券商研报

4. Morning Research Viewpoints_ Brokerage Morning Meetings_ Research Reports - Securities Star

This entry is the page title for Securities Star’s brokerage morning meeting research report column, ‘Morning Research Viewpoints.’ It contains no specific event or data beyond the column name.

Source: 券商研报