Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3598.54 | ▼1.45% |
| SZSE Component | 10879.26 | ▼2.32% |
| ChiNext | 2439.73 | ▼3.09% |
| Hang Seng | 22997.87 | ▲0.17% |
| Hang Seng Tech | 3728.13 | ▼0.43% |
| S&P 500 | 7720.39 | ▼0.30% |
| Nasdaq | 26184.72 | ▼1.38% |
| Dow Jones | 52342.56 | ▼0.25% |
| Gold | 4005.44 | ▼0.40% |
| Crude oil | 102.78 | ▲0.76% |
| VIX | 17.20 | ▲1.71% |
Shanghai turnover: CNY 50.9bn
Macro & policy
| Indicator | Forecast | Previous | Actual |
|---|---|---|---|
| JPY Tokyo Core CPI year-on-year | 2.6% | 2.7% | — |
| JPY BOJ Policy Rate | <1.25% | <1.25% | — |
| JPY Monetary Policy Statement | — | — | — |
| JPY BOJ Outlook Report | — | — | — |
| JPY BOJ Press Conference | — | — | — |
| EUR German preliminary CPI month-on-month | 0.1% | 0.6% | — |
| EUR German preliminary GDP quarter-on-quarter | 0.1% | 0.2% | — |
| CAD GDP month-on-month | 0.2% | 0.0% | — |
| USD Employment Cost Index quarter-on-quarter | 0.8% | 0.9% | — |
Finance news
1. Hong Kong IPO Market Reverses Course as New Listings Keep Breaking Issue Price, Several Delayed or Cancelled
Hong Kong’s IPO market has cooled sharply, with multiple new listings falling below their offer prices and several companies postponing or scrapping share sales. The shift signals growing investor caution over valuations and the city’s fundraising outlook.
Source: 财新
2. Biocytogen: First three quarters net profit 312 million yuan, up 173.77% YoY
Biocytogen reported a net profit of 312 million yuan for the first three quarters, up 173.77% year on year. The result shows a sharp increase in profitability over the period.
Source: 第一财经
3. Intensive investment: Huawei Qiankun builds ‘safety’ and ‘convenience’ into its autonomous driving DNA - Jiemian.com
Huawei’s Qiankun intelligent driving solution is making heavy, sustained R&D investment to embed safety and convenience into its autonomous driving technology, Jiemian reported. The approach is aimed at strengthening Huawei’s competitiveness in China’s smart-driving market.
Source: 界面新闻
4. Xinyan Robotics launches home embodied AI agent priced at 9,499 yuan, now available on JD.com
Xinyan Robotics has launched a home embodied AI agent priced at 9,499 yuan, now available on JD.com. The brief did not disclose detailed features or specifications.
Source: 界面新闻
5. Intel stock plunges as Q4 guidance badly misses estimates, Israel plant blast adds to weak PC demand and constrained AI chip supply
Intel shares fell sharply after the company issued fourth-quarter guidance far below analyst expectations. The chipmaker is also grappling with an explosion at its Israel plant, soft PC demand and constrained AI chip supply, deepening investor concern about its near-term outlook.
Source: 华尔街见闻
6. SpaceX’s Largest Single Customer Revealed: Anthropic Pays Over $3 Billion Monthly, Accounting for More Than One-Third of Q3 Revenue
SpaceX’s largest single customer has been identified as Anthropic, which pays more than $3 billion per month and accounts for over one-third of SpaceX’s third-quarter revenue, according to Wall Street See. The disclosure highlights significant customer concentration in SpaceX’s revenue.
Source: 华尔街见闻
7. Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance
Intel shares fell 21% after the chipmaker issued weak guidance, citing a slowdown in the PC market. Despite being viewed as an AI beneficiary this year, Intel remains weighed down by its struggling PC business.
Source: CNBC Markets
8. Intel plunges on a major guidance miss. What went wrong — and how to proceed
Intel shares fell sharply after its guidance came in well below expectations. Further downside is possible, but selling now would not erase losses already taken.
Source: CNBC Markets
Filings & research
Company filings (CNINFO, titles in Chinese)
- 一汽解放：2026年半年度报告（英文版）
- 立讯精密：立讯精密工业股份有限公司2026年年度业绩预告
- ST东时：2025年年度报告摘要（更正后）
- ST东时：2025年年度报告（更正后）
- 东晶电子：2026年半年度报告（更正后）
- 东晶电子：2026年半年度报告摘要（更正后）
- 恒太照明：2025年年度报告摘要（更正后）
- 恒太照明：2025年年度报告（更正后）