Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3613.05 | ▲0.14% |
| SZSE Component | 10948.47 | ▲0.66% |
| ChiNext | 2410.44 | ▲0.79% |
| Hang Seng | 23477.11 | ▼0.21% |
| Hang Seng Tech | 3825.73 | ▼1.09% |
| S&P 500 | 7568.92 | ▲0.36% |
| Nasdaq | 25372.01 | ▲0.83% |
| Dow Jones | 51786.72 | ▼0.38% |
| Gold | 3949.61 | ▲0.49% |
| Crude oil | 95.65 | ▼0.46% |
| VIX | 20.83 | ▼1.51% |
Shanghai turnover: CNY 171.4bn
Macro & policy
| Indicator | Forecast | Previous | Actual |
|---|---|---|---|
| CAD BoC Governor Macklem speaks | — | — | — |
| NZD employment change q/q | 0.4% | 0.5% | — |
| NZD unemployment rate | 5.5% | 5.6% | — |
| EUR core CPI flash estimate y/y | 2.5% | 2.5% | — |
| EUR CPI flash estimate y/y | 4.0% | 3.8% | — |
| USD ISM services PMI | 54.8 | 54.9 | — |
Finance news
1. Manufacturing corporate profit recovery will still face pressure | Macro Evening Brief
According to Jiemian.com’s macro evening brief, the recovery in manufacturing corporate profits is expected to remain under pressure. No further details were provided.
Source: 界面新闻
2. AI arms race drives up financing costs: US tech companies’ financing premium highest since 2003
The AI arms race is pushing up financing costs for US technology companies, with their financing premium reaching the highest level since 2003. The trend reflects investor concerns over returns on heavy AI spending and related debt risks.
Source: 华尔街见闻
3. Magnitude 5.0 earthquake occurs near Wuqia County, Kizilsu, Xinjiang
A magnitude 5.0 earthquake struck near Wuqia County in Kizilsu Kirghiz Autonomous Prefecture, Xinjiang, according to First Financial. No casualty or damage details were immediately available.
Source: 第一财经
4. Strand bookstore to pay nearly $1.5 million over Covid loan tied to Sen. Wyden’s wife
Strand Bookstore will pay nearly $1.5 million over a Covid-related Paycheck Protection Program loan linked to Nancy Bass Wyden, wife of Sen. Ron Wyden. She had approved the PPP loan, which was off-limits because she is a senator’s spouse.
Source: CNBC Markets
5. CrowdStrike’s new kill switch can stop rogue AI agents in their tracks, CEO says
CrowdStrike CEO George Kurtz said the company’s new kill switch can stop rogue AI agents in their tracks. He called enabling agents to work safely a massive market opportunity for CrowdStrike.
Source: CNBC Markets
6. AMD earnings call: Q4 AI chip revenue to surpass server CPU for first time; data center revenue share to exceed 80% next year
On its earnings call, AMD said Q4 AI chip revenue will overtake server CPU revenue for the first time. The company expects data center revenue to account for more than 80% of total revenue next year, underscoring its shift toward AI and data centers.
Source: 华尔街见闻
7. Interview with Macau’s Chief Executive: How to Move Beyond Gambling Dependence
Caixin interviews Macau’s chief executive on how the city can reduce its reliance on the casino industry and diversify its economy. The discussion covers industrial restructuring and regional cooperation.
Source: 财新
8. Market open today: slight low open, Shanghai Composite down 0.08%
China’s A-shares opened slightly lower today, with the Shanghai Composite Index down 0.08% at the open. The report provides no further market context.
Source: 财新
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. Morning Research Views: Broker Morning Meetings and Research Reports - Stockstar
This is Stockstar’s section for broker morning meetings and research reports. The provided text contains only the page title and no substantive news details, specific analysis, or market events.
Source: 券商研报
2. Commentary on the Nov 2 Symposia: Small Funds, Large Multiplier — How Institutionalizing Market-Stabilization Tools Changes the Pricing Denominator
A brokerage macro research note reviews two symposia held on Nov 2, arguing that institutionalizing market-stabilization tools can produce a “small funds, large multiplier” effect and shift the pricing denominator. It reflects analyst views, not official policy.
Source: 券商研报
3. Kaiyuan Securities Gives Kweichow Moutai a Buy Rating
Kaiyuan Securities has assigned a buy rating to Kweichow Moutai in a research report. The rating reflects the brokerage’s positive view on the company’s outlook.
Source: 券商研报