Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3599.02 | ▼1.44% |
| SZSE Component | 10833.78 | ▼2.73% |
| ChiNext | 2413.63 | ▼4.13% |
| Hang Seng | 23294.42 | ▲1.46% |
| Hang Seng Tech | 3754.90 | ▲0.29% |
| S&P 500 | 7580.07 | ▼1.82% |
| Nasdaq | 25437.00 | ▼2.86% |
| Dow Jones | 51770.31 | ▼1.09% |
| Gold | 3875.55 | ▼3.63% |
| Crude oil | 102.95 | ▲0.93% |
| VIX | 19.42 | ▲12.91% |
Shanghai turnover: CNY 764.2bn
Macro & policy
No major macro releases today.
Finance news
1. China Commodity Index Rises 1.02% Weekly; Petroleum Asphalt Leads at 12.82%
China’s commodity index rose 1.02% this week. Petroleum asphalt led gains, rising 12.82%, according to Caixin data.
Source: 财新
2. AI’s Most Urgent Bottleneck: Cheap Money Is Running Dry
The article argues that AI’s most urgent bottleneck is not technology but the drying up of cheap funding. Tightening financing conditions could constrain the industry’s expansion.
Source: 华尔街见闻
3. Earnings Blowout, but Why Did SanDisk Plunge Overnight?
SanDisk reported blowout earnings, yet its shares plunged overnight. Investors are weighing possible reasons such as guidance, expectations or valuation.
Source: 华尔街见闻
4. Photo Gallery: ‘Caixin Society Talk Show’ Returns with Six Cross-Industry Guests Speaking Humorously
The Caixin Society talk show has returned, featuring six cross-industry guests who took the stage to speak humorously. The event is presented in a photo gallery.
Source: 财新
5. Anthropic Reveals: 12 Surprises from a Top AI Company
Jiemian.com reports that Anthropic disclosed 12 surprising facts about the top AI company. The article presents these unexpected findings in a list format.
Source: 界面新闻
6. Xiaoshudian: A Quick Look at October’s A-Share Monthly Report - Yicai
Yicai published an infographic summarizing October’s A-share monthly report. It offers a visual overview of the market’s performance, with specific figures not detailed in the excerpt.
Source: 第一财经
7. SpaceX loses bid to toss NAACP lawsuit over Memphis data center air pollution
SpaceX lost its bid to dismiss an NAACP lawsuit over air pollution from its Memphis data center. The related Colossus data centers and a Southaven, Mississippi, power plant have faced community backlash for years.
Source: CNBC Markets
8. Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
Binance said it has restored backing for 90% of assets affected by a $6.3 billion hack and plans to resume withdrawals after security checks. The exchange said withdrawals are set to resume Sunday.
Source: CNBC Markets
Filings & research
Company filings (CNINFO, titles in Chinese)
- 卓越新能：卓越新能2026年半年度报告（更正版）
- 广咨国际：2026年半年度报告摘要（更正后）
- 广咨国际：2026年半年度报告（更正公告）
- 广咨国际：2026年半年度报告（更正后）
- 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
- 广咨国际：2025年年度报告摘要（更正后）
- 广咨国际：2025年年度报告（更正公告）
Research notes
1. Sinolink Securities Gives Swellfun an ‘Add’ Rating
Sinolink Securities issued a research report assigning Swellfun an ‘Add’ rating. The report was published by Securities Star.
Source: 券商研报