Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3716.28 | ▲0.24% |
| SZSE Component | 11802.46 | ▼0.12% |
| ChiNext | 2772.38 | ▼0.39% |
| Hang Seng | 24186.83 | ▲0.52% |
| Hang Seng Tech | 4108.24 | ▲1.16% |
| S&P 500 | 7659.44 | ▼1.09% |
| Nasdaq | 26140.03 | ▼2.15% |
| Dow Jones | 52002.41 | ▼0.34% |
| Gold | 4165.40 | ▼0.13% |
| Crude oil | 99.04 | ▲2.63% |
| VIX | 19.99 | ▲21.45% |
Shanghai turnover: CNY 732.5bn
Macro & policy
No major macro releases today.
Finance news
1. Up Nearly 60% in First Three Quarters, Multiple Premium Brands Move Into Personal Care
Sales in the relevant personal-care category grew nearly 60% in the first three quarters, prompting several premium beauty brands to enter the wash-and-care market. The brands are expanding product lines to capture a high-growth segment.
Source: 界面新闻
2. IMF Warns Japan May Need Faster Rate Hikes, Adding Pressure to Global Bond Markets?
The IMF warned that Japan may need to raise interest rates faster than expected to address inflation and fiscal risks. The move could lift Japanese bond yields and add new pressure to global bond markets.
Source: 华尔街见闻
3. Canton Fair ’three-wheelers’ see global order surge; overseas individual buyers seek wholesale deals, company exports over 100,000 a year
At the Canton Fair, electric tricycles are drawing a surge in overseas orders, with individual buyers seeking wholesale deals. One company exports over 100,000 units annually, and exhibitors report more European customers.
Source: 第一财经
4. Medical Exoskeleton Rehabilitation Training Added to Medical Insurance Coverage in Multiple Regions
Medical exoskeleton rehabilitation training has been added to medical insurance coverage in several regions of China, Jiemian.com reported. The move is expected to lower patients’ out-of-pocket costs and boost adoption of exoskeleton rehab devices in medical institutions.
Source: 界面新闻
5. Investors are buying up vast tracts of timberland across U.S. in one of market’s longest-term bets
Institutional investors, including pension funds, are acquiring large U.S. timberland tracts as a decades-long bet. Managers can wait years for returns, but the market also carries profit traps.
Source: CNBC Markets
6. Semiconductor market to remain solid ‘at least through next year,’ South Korea finance minister says
South Korea’s finance minister said semiconductor growth can continue at least through 2027, with supply still tight despite a global chip sell-off. He said the market should remain solid at least through next year.
Source: CNBC Markets
7. Caixin View: Build a Solid Foundation for High-Quality Development of the Auto Industry with Safety
Caixin Weekly publishes an observation arguing that safety must underpin the high-quality development of China’s auto industry. It calls for stronger safety standards and regulation to support industrial upgrading.
Source: 财新
8. Caixin Weekly: Bank Stocks Diverge Amid Recovery
The latest Caixin Weekly examines diverging performance among bank stocks during their recovery. The report focuses on differences across banks as fundamentals and market expectations continue to adjust.
Source: 财新
Filings & research
Company filings (CNINFO, titles in Chinese)