Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3767.23 | ▼0.88% |
| SZSE Component | 12110.59 | ▼1.97% |
| ChiNext | 2866.76 | ▼3.10% |
| Hang Seng | 24314.17 | ▼0.13% |
| Hang Seng Tech | 4174.47 | ▲0.91% |
| S&P 500 | 7718.94 | ▼1.11% |
| Nasdaq | 26692.87 | ▼1.88% |
| Dow Jones | 51621.48 | ▼0.09% |
| Gold | 4136.63 | ▲0.76% |
| Crude oil | 94.78 | ▼0.33% |
| VIX | 16.87 | ▲10.48% |
Shanghai turnover: CNY 662.5bn
Macro & policy
| Indicator | Forecast | Previous | Actual |
|---|---|---|---|
| AUD Employment Change | 19.6K | 39.5K | — |
| AUD Unemployment Rate | 4.6% | 4.6% | — |
| CHF SNB Chairman Schlegel Speaks | — | — | — |
| GBP GDP m/m | -0.1% | 0.4% | — |
| GBP BOE Gov Bailey Speaks | — | — | — |
| EUR EU Economic Summit | — | — | — |
| USD Core PPI m/m | 0.3% | 0.2% | — |
| USD Core Retail Sales m/m | 0.6% | 1.4% | — |
| USD PPI m/m | 0.6% | 0.4% | — |
| USD Retail Sales m/m | 0.3% | 1.2% | — |
| USD Philly Fed Manufacturing Index | 28.2 | 37.8 | — |
| USD Unemployment Claims | 199K | 197K | — |
Finance news
1. BYD Discloses European Factory Plan: France a Candidate
BYD has disclosed plans to build a factory in Europe, with France among candidate locations. The move signals the Chinese EV maker’s push to localize production in Europe, though no final site or timeline has been announced.
Source: 界面新闻
2. Grand Holdings: Net profit for first three quarters forecast to jump 890%-1018% year-on-year
Grand Holdings said it expects net profit for the first three quarters to rise 890%-1018% from a year earlier. The filing disclosed only the percentage range, without giving specific earnings figures or reasons for the increase.
Source: 第一财经
3. A-shares Fall on Shrinking Volume: Who Is Cutting Positions?
Caixin reports A-shares declined on shrinking trading volume, with attention on which investors are cutting positions. The report provided no further details or data.
Source: 财新
4. Bank of America Q3 Earnings Miss: $1.2B Penalty, Trading Business Disappoints, FICC Revenue Down 17%, Shares Slump
Bank of America’s third-quarter results disappointed, hit by a $1.2 billion penalty. Both equities trading and investment banking underperformed, while fixed-income revenue fell 17% year over year, sending shares sharply lower.
Source: 华尔街见闻
5. OpenAI sued by 8 states over ChatGPT safety concerns
Eight states have sued OpenAI over safety concerns related to ChatGPT, as scrutiny grows over its security practices and efforts to protect children.
Source: CNBC Markets
6. OpenAI bugging suspect booked one-way ticket to Saudi Arabia with family before arrest
The suspect in the OpenAI-related case had booked one-way tickets to Saudi Arabia for himself and his family before his arrest. His defense lawyer said Wednesday that Mr. Alfozan came to the U.S. years ago as a young person with a dream, “like countless Americans.”
Source: CNBC Markets
7. U.S. September CPI Rises 0.6% Month-on-Month, Highest in Six Months; Expectations Grow for Another 50-Basis-Point Hike This Year
U.S. September CPI rose 0.6% month-on-month, the biggest gain in six months, pointing to persistent inflation pressure. Markets are increasingly betting the Federal Reserve will raise rates by another 50 basis points this year.
Source: 财新
8. Bed-Sharing Trend Goes Viral: Who Pays for Hotel Room Design?
A social media trend about “joining beds” in hotel rooms has sparked debate over room design. Guests complain that twin beds are hard to push together or layouts are impractical, asking who ultimately bears the cost of poor design.
Source: 界面新闻
Filings & research
Company filings (CNINFO, titles in Chinese)