Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3649.18 | ▼1.10% |
| SZSE Component | 11175.78 | ▼2.57% |
| ChiNext | 2465.23 | ▼3.96% |
| Hang Seng | 24481.86 | ▼1.27% |
| Hang Seng Tech | 4078.23 | ▼1.83% |
| S&P 500 | 7376.86 | ▲0.31% |
| Nasdaq | 24579.42 | ▲1.09% |
| Dow Jones | 51285.73 | ▼0.46% |
| Gold | 4080.48 | ▼0.21% |
| Crude oil | 90.34 | ▼0.20% |
| VIX | 25.64 | ▼9.01% |
Shanghai turnover: CNY 772.6bn
Macro & policy
No major macro releases today.
Finance news
1. Business Jet Crashes
Caixin Weekly’s photo column reports on the crash of a business jet, presenting the scene in images. The brief item gives no further details on the aircraft, casualties or cause.
Source: 财新
2. From milk powder production to robot loading and unloading, Siemens bets on China’s factory AI application market
Siemens is expanding its bet on AI applications in Chinese factories, with use cases ranging from milk powder production to robot loading and unloading. The move reflects its confidence in demand driven by China’s manufacturing intelligence upgrade.
Source: 第一财经
3. Multiple Banks Announce Preferred Share Redemptions, Combined Scale Exceeds Full-Year 2025
Several banks have announced redemptions of preferred shares, with the combined scale exceeding the full-year 2025 total. The moves reflect adjustments in banks’ capital management and financing structures.
Source: 界面新闻
4. Berkshire Q3 Net Profit Falls 28%, Investment Gains Nearly Halve, Buybacks Hit Year-High Quarter, Cash Rises to $377.4 Billion
Berkshire Hathaway’s third-quarter net profit fell 28% year over year, investment gains nearly halved, and quarterly buybacks hit a new 2024 high. Cash reserves rose to $377.4 billion, highlighting pressure on investment results alongside strong liquidity.
Source: 华尔街见闻
5. 31-year-old dumpster diver brought in $140,000 in 12 months: I ‘did much more than I thought was possible’
Carter Stevens began reselling discarded items from dumpsters around Nashville, Tennessee, in March 2024. Months earlier, he had been living in his car. He earned $140,000 in 12 months, saying he did far more than he thought possible.
Source: CNBC Markets
6. Graphics card prices plunge after 11 straight trading days of gains
Graphics card prices fell sharply after climbing for 11 consecutive trading days. The pullback follows a sustained rally that had drawn market attention, though the causes and outlook remain unclear.
Source: 界面新闻
7. Berkshire Hathaway more than doubles buybacks in third quarter as earnings decline
Berkshire Hathaway said Saturday it more than doubled its share buybacks in the third quarter. The acceleration came as both operating and overall profits declined.
Source: CNBC Markets
8. Bank of Communications Holds Sub-forum on Cross-border Financial Services Empowering Corporate Globalization at 9th Hongqiao International Economic Forum
Bank of Communications hosted a sub-forum at the 9th Hongqiao International Economic Forum focused on cross-border financial services supporting corporate globalization. The session examined how such services can help companies expand overseas, as part of the China International Import Expo’s side events.
Source: 第一财经
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. Huatai Macro: October Nonfarm Payrolls Far Exceed Expectations, Marginally Lifting Fed December Rate Hike Expectations
Huatai Macro said October nonfarm payrolls sharply beat expectations, marginally increasing market expectations for a Federal Reserve rate hike in December. The data points to continued resilience in the US labor market.
Source: 券商研报