Market News Summary
🚀 Wall Street Roars on Tech Titans’ Earnings: Microsoft, Meta, and Carvana Lead Rally While Fed Uncertainty Lingers
US:MSFT:Microsoft
Shares of Microsoft surged 8% after-hours as fiscal Q4 results beat estimates. Revenue jumped 18% to $76.44 billion, pushing Microsoft’s market cap to over $4.1 trillion—joining US:NVDA:Nvidia in the exclusive $4 trillion club.
US:META:Meta Platforms
Meta soared 9% post-earnings. The company exceeded revenue expectations and issued a bullish Q3 forecast, projecting revenue between $47.5B and $50.5B—above analysts’ $46.16B.
US:AAPL:Apple
Apple, currently valued at $3.2 trillion, is set to report earnings Thursday afternoon, following Microsoft and Meta’s strong showing.
US:AMZN:Amazon
Amazon is also on deck to release its earnings, riding high investor anticipation fueled by the broader tech rally.
US:SPOT:Spotify Technology
Spotify fell over 11% post-earnings miss, but Deutsche Bank called the dip a buying opportunity, citing strong user engagement and upcoming price hikes.
US:PYPL:PayPal
PayPal dropped nearly 8% for the week after slowing growth in transaction margins. Still, Mizuho maintains an “outperform” rating, pointing to strength in Venmo and BNPL components.
US:QCOM:Qualcomm
Shares slipped 5% despite Q3 earnings of $2.77 per share beating forecasts. Revenue of $10.37B narrowly topped estimates.
US:FIG:Figma
Figma priced its IPO at $33/share, above its range, valuing it at $19.3B. After a failed $20B acquisition by US:ADBE:Adobe, Figma is now going public on the NYSE, aiming to ride momentum from recent tech IPOs like US:CRCL:Circle and US:CORE:CoreWeave.
US:ARM:Arm Holdings
Arm dropped 8% after reporting Q1 revenue of $1.05B, missing expectations. EPS met forecasts at 35 cents.
US:F:Ford Motor
Ford declined 4% after warning of a $2B net EBIT hit in 2025 due to tariffs, partially offset by $1B in recovery actions.
US:FIVN:F5
Cybersecurity firm F5 rose 9% after beating estimates with $4.16/share EPS and $780M in revenue.
US:CVNA:Carvana
Carvana rallied 16% following Q2 earnings of $1.28/share on $4.84B revenue—both topping expectations.
US:HOOD:Robinhood
Robinhood gained 1% after reporting $0.42/share earnings and $989M in revenue, surpassing Wall Street forecasts.
US:ALGN:Align Technology
Align Technology plummeted 35% on weak Q2 results and disappointing Q3 guidance ($965M–$985M vs. $1.04B estimate).
US:SFM:Sprouts Farmers Market
Sprouts gained nearly 3% after topping estimates and issuing an upbeat outlook on same-store sales and earnings.
US:EBAY:eBay
eBay surged 10% after beating expectations with $1.37/share earnings and $2.73B in revenue.
US:WDC:Western Digital
Western Digital advanced 4% post-earnings, delivering $1.66/share on $2.61B in revenue—both above estimates.
US:PNC:PNC Financial Services Group
Oppenheimer upgraded PNC to “outperform,” citing its solid fundamentals and favorable positioning among regional banks. Shares gained slightly.
US:S27.SI:S&P 500
The S&P 500 fell 0.12% to 6,362.90 after Fed Chair Jerome Powell dashed hopes of a September rate cut, citing tariff-driven inflation uncertainty.
US:DGT:Dow Jones Industrial Average
The Dow dropped 171.71 points (0.38%) to close at 44,461.28 amid Powell’s hawkish tone.
US:QQQ:Nasdaq Composite
Nasdaq defied broader losses, rising 0.15% to 21,129.67, supported by tech optimism.
Oil:US:UCO
Rising oil prices remained under watch as investors parsed potential inflation impact from tariffs and Fed policy.
Bitcoin:US:BTC:Bitcoin
Bitcoin traded flat amid broader macro uncertainty, with traders eyeing inflation data and regulatory developments.
📰 China’s Market Buzz: Pop Mart Crackdown, Figma IPO, and Tech, Pharma & Bank Earnings in Focus
HK:09992.HK:Pop Mart
Beijing Customs seized over 30,000 counterfeit Pop Mart items in H1 2025, part of 53 confiscated batches totaling 175,000 suspected fakes.
HK:02359.HK:WUXI AppTec
WUXI AppTec plans to raise USD 650 million via a share placement at HKD104.16–106.4 per share, a discount of up to 7% from its last close.
HK:09901.HK:New Oriental
New Oriental reported FY2025 net profit of USD 372 million, up 20.1% YoY. Revenue rose 13.6% to USD 4.9 billion. FY2026 Q1 revenue is projected at USD 1.46–1.51 billion.
US:EDU:New Oriental
US-listed New Oriental shares reflect the strong financial results with continued positive momentum into FY2026.
HK:00921.HK:Hisense HA
Interim net profit rose 3% YoY to RMB 2.077 billion, revenue rose 1.4% to RMB 49.34 billion. EPS was RMB 1.52. No interim dividend declared.
HK:00005.HK:HSBC Holdings
HSBC’s London shares slid 2.7%, though still 2.3% above Hong Kong close. Interim PBT dropped 27% YoY to USD 15.81 billion.
HK:01093.HK:CSPC Pharma
CSPC Pharma signed an exclusive licensing deal with Madrigal for SYH2086, potentially worth up to USD 2.075 billion.
HK:00011.HK:Hang Seng Bank
Hang Seng Bank dropped over 7% on HSI settlement day, contributing to index weakness alongside auto and chip sectors.
HK:09886.HK:Li Auto
Li Auto plunged over 12%, weighing heavily on the HSI despite increased turnover.
HK:09618.HK:JD Health
JD Health shares reached a fresh high amid sector strength during market weakness.
HK:01833.HK:PA GoodDoctor
Ping An Good Doctor surged to a new high due to positive healthcare sentiment.
HK:01775.HK:Geely
Geely announced plans to release five new models in 2H25 and aims for 3 million annual vehicle sales.
HK:00101.HK:Hang Lung Properties
Morgan Stanley reported Hang Lung’s 1H EPS missed expectations, affecting full-year dividend prospects.
HK:0388.HK:HKEX
The HK government reaffirmed Hong Kong’s competitiveness in a new report amid global challenges.
HK:3115.HK:Hang Seng Index
The index fell 347 points, with autos and chip stocks dragging performance. Hang Seng Tech Index dropped 153 points.
HK:03027.HK:XL2CSOPSMSN ETF
XL2CSOPSMSN ETF surged 6%, leading performance among ETFs.
US:BTC:Bitcoin
The HK SFC noted 11 licensed digital asset platforms in operation, with 9 more applications under review, suggesting growing regulatory clarity.
HK:00005.HK:HSBC Holdings
JP Morgan highlighted stronger-than-expected 2Q underlying PBT despite headline decline. HSBC confirmed $700M in cost savings in 1H25 and a regulatory probe into its private banking arm.
🔥 HSBC Under Pressure, Ping An Climbs, and Li Auto Drags: Market Reels Amid Results & Ratings Rush
HK:00005.HK:HSBC Holdings
Morgan Stanley upgraded HSBC to “Overweight,” with a target of HKD107.1. Shares still dropped over 3%, breaking HKD100, amid macro concerns.
HK:0011.HK:Hang Seng Bank
Citi noted credit costs below forecast, but flagged rising non-performing property loans. Shares slumped over 5% post-midday.
HK:01038.HK:Ping An Insurance
Ping An rose in Fortune Global 500 rankings to 47th, up six spots YoY.
HK:09618.HK:Li Auto
Li Auto shares fell 12%, dragging the HK:3115.HK:Hang Seng Index, which dropped over 440 points.
HK:01001.HK:Hang Lung Properties
Citi reported stable interim DPS, with in-line underlying profit.
HK:00010.HK:Hang Lung Group
Posted a 7% drop in 1H25 underlying net profit to HKD1.191B. Interim dividend was 21 HK cents.
HK:09992.HK:Pop Mart
Dipped 2% in midday trading despite broader consumer stock stability.
HK:3115.HK:Hang Seng Index
Intraday drop of 440+ points driven by weakness in HSBC, Hang Seng Bank, and Li Auto.
HK:03027.HK:XL2CSOPSMSN ETF
Surged 7.2%, leading ETFs in midday trade.
HK:1810.HK:Xiaomi
Xiaomi Auto clarified it currently supports only assisted driving, not full autonomy.
China Macro
The CCP Politburo announced an October session focused on domestic demand stimulus.
HK:0388.HK:HKEX
S&P highlighted most shorted Hong Kong stocks, underlining market volatility.
🔥 HSBC and Hang Seng Bank Earnings Disappoint, While Wuxi AppTec, CSPC Pharma, and JD Health Hit Highs Amid Mixed Market Sentiment
HK:00011.HK:Hang Seng Bank
1H25 net profit dropped 30.5% YoY to HKD6.88 billion, missing forecasts. Declared second interim dividend of HKD1.3. Announced up to HKD3 billion share buyback over six months.
HK:00005.HK:HSBC Holdings
Interim pre-tax profit fell 26.7% YoY to USD15.81 billion, matching expectations. Declared USD0.10 second interim dividend and up to USD3 billion share buyback.
HK:01001.HK:Hang Lung Properties
Underlying net profit dropped 9% YoY to HKD1.587 billion. Declared HKD0.12 interim dividend.
HK:09618.HK:Li Auto
Shares fell over 10%. Citi expects monthly sales of 6,000 units for the i8 model. JPM called pricing a positive surprise.
HK:01093.HK:CSPC Pharma
Hit a new high at midday amid strong drug pipeline progress and investor sentiment.
HK:2269.HK:Wuxi Biologics
Reached a new high, joining other healthcare leaders in driving market strength.
HK:06618.HK:JD Health
Also hit a new high, driven by strong demand for healthcare exposure.
HK:0857.HK:PetroChina
Reached a new high, supported by strong oil prices and investor sentiment.
HK:02359.HK:Wuxi AppTec
Citi raised target to HKD130, citing robust earnings outlook.
HK:09988.HK:BABA-W (Alibaba)
BEA Securities expects 1FQ adjusted EBITA to grow 13% YoY on improving efficiency and consumer trends.
HK:0700.HK:Tencent
Launched “Terminull Brigade” PC game globally. CMSI reaffirmed Tencent as top China internet pick with a HKD670 target. Integrated its 3D AI model with MakerWorld platform.
US:NTES:NetEase
Citi expects Q2 results in line with estimates; raised target to USD157.
HK:02600.HK:CHALCO
Citi maintained “Buy” but lowered target to HKD7.47 amid commodity fluctuations.
HK:01378.HK:China Hongqiao
Citi reiterated it as top aluminum pick; raised target to HKD25.20.
HK:0388.HK:HKEX
HK:3115.HK:Hang Seng Index dropped 108 points to 25,415 at midday. Hang Seng Tech Index slid 88 points to 5,555. Li Auto weighed on sentiment.
CN:CKH:CK Hutchison
CMA CGM expressed interest in CK Hutchison’s port deal, showing rising global logistics investment interest.
US:PHET:Pheton
Plunged 95% amid market manipulation concerns tied to overseas actors.
HK:00016.HK:Bank of Communications (BANKCOMM)
UBS upgraded to “Buy” with higher target, citing strong H-share dividend yields above 5% and revised PB/ROAE forecasts.
📉 Bank Profits Tumble, Healthcare Soars: HSBC, Hang Seng Disappoint While CSPC, JD Health Hit New Highs
HK:00011.HK:Hang Seng Bank
1H25 net profit dropped 30.5% YoY to HKD6.88B. Declared HKD1.30 second interim dividend. Announced share buyback up to HKD3B.
HK:00005.HK:HSBC Holdings
Interim PBT fell 26.7% YoY to USD15.81B. Declared USD0.10 dividend. Announced up to USD3B buyback.
HK:01001.HK:Hang Lung Properties
1H25 net profit dropped 9% YoY to HKD1.587B. Interim dividend: HKD0.12.
HK:09988.HK:BABA-W (Alibaba)
Expected to see 13% YoY EBITA growth in 1FQ driven by recovery and efficiency.
HK:02359.HK:Wuxi AppTec
Target raised by Citi to HKD130 amid strong earnings trend.
HK:2269.HK:Wuxi Biologics
Midday high driven by healthcare momentum.
HK:06618.HK:JD Health
Reached new high on defensive/growth stock interest.
HK:01093.HK:CSPC Pharma
Continued rally on R&D progress and healthcare sector demand.
HK:0857.HK:PetroChina
Reached new high amid rising oil sentiment.
HK:09618.HK:Li Auto
Fell over 10% midday. Citi forecasts 6,000 monthly i8 sales. JPM views pricing positively.
US:NTES:NetEase
Q2 in line; Citi raises target to USD157.
HK:0700.HK:Tencent
Launches new PC game and integrates 3D AI model with MakerWorld. CMSI target: HKD670.
HK:2600.HK:CHALCO
Maintained “Buy” rating. Target cut to HKD7.47 by Citi.
HK:1378.HK:China Hongqiao
Top aluminum pick; target raised to HKD25.20.
HK:00016.HK:Bank of Communications (BANKCOMM)
Upgraded to “Buy” by UBS; dividend yield cited as key factor.
US:PHET:Pheton
Crashed 95% on suspected manipulation.
CN:CKH:CK Hutchison
CMA CGM interested in joining port deal—signals increased logistics investment interest.
HK:3115.HK:Hang Seng Index
Closed midday at 25,415 (down 108 pts); Tech Index down 88 to 5,555. Health and energy stocks gained; Li Auto dragged.
🚨 Markets React to Auto, Pharma, and Geopolitical Shifts: Li Auto Drops, Wuxi AppTec Raised, BYD Climbs Fortune 500
HK:2015.HK:Li Auto-W
Opened 9% lower, mirroring US ADR drop. Macquarie maintained “Neutral” rating, target HKD110. JPM supported pricing; Citi forecasted 6,000 monthly i8 sales.
HK:0780.HK:Tongcheng Travel
CLSA downgraded to “Hold,” target lowered to HKD20. UBS noted Dalian Sunasia stake could lift 2026 revenue by 3%.
HK:02359.HK:Wuxi AppTec
CICC raised target to HKD126 on strong Q2 results and earnings momentum.
HK:1211.HK:BYD Company
Entered Fortune Global 500 Top 100, highlighting EV leadership.
HK:9618.HK:JD-SW (JD.com)
Climbed to 44th in Fortune Global 500, strengthening retail standing.
HK:2388.HK:BOC Hong Kong
UBS raised target to HKD36.50, forecasting 3.4% rise in 1H profit.
HK:0144.HK:China Merchants Port
UBS maintained “Buy,” lifted target to HKD17.50 citing stable outlook.
HK:0700.HK:Tencent
Global launch of “Terminull Brigade.” Top internet pick by CMSI. Integrated Hunyuan AI into MakerWorld. Target raised to HKD670.
US:NTES:NetEase
Citi expected Q2 in line with consensus; target raised to USD157.
HK:6606.HK:China Ruyi
Forecasted RMB1–1.2B profit in 1H, reversing prior losses.
HK:3107.HK:StarPlus Legend
Opened ~15% higher after strategic partnership with Unitree Robotics.
HK:3115.HK:Hang Seng Index
Opened 189 points lower on index futures settlement day, led by BYD.
US:AAPL:Apple
Fell 1% as SGX:S27.SI:S&P 500 pulled back from record highs.
US:TSLA:Tesla
Dropped 1% amid macro and tech pressures.
US:NVDA:Nvidia
White House confirmed resumed H20 chip exports to China.
HK:0388.HK:HKEX
JD.com registered “JCOIN” and “JOYCOIN” trademarks in HK.
CN:SOE:China SOEs
1H25 profit fell 3.1% YoY due to weak demand.
CN:CISA:China Iron & Steel Association
Urged self-regulation among steelmakers to stabilize prices.
US:S27.SI:S&P 500
Closed lower after hitting highs; uncertainty over China trade talks lingered.
📈 Market Movers: Keppel Boosts Divestments, Jardine C&C Steady, Fed Holds Rates; Raffles Medical, Sheng Siong Shine on Strong Earnings
SGX:BN4.SI:Keppel Limited
Divested $477M in real estate assets, YTD monetisation at $915M. Targets $10–12B by 2026.
SGX:C07.SI:Jardine Cycle & Carriage
6% YoY rise in underlying profit to US$529M, interim dividend of 28 US cents declared.
SGX:S27.SI:S&P 500
Fell after Fed held rates steady at 4.25%–4.5%. Powell highlighted tariff uncertainty and inflation risks.
SGX:5I1.SI:Serial Achieva
Guided for 1HFY2025 net loss due to corporate costs; no exceptional gains as in prior period.
SGX:N2IU.SI:Mapletree Pan Asia Commercial Trust (MPACT)
DPU at 2.01 cents, down 3.8% YoY. Proposes Japan office divestments, maintains 89.3% occupancy.
SGX:BSL.SI:Raffles Medical Group (RMG)
Net profit up 4.8% to $32.1M; launched buyback and maintained 50%+ payout. DBS and UOB Kay Hian raised TP.
SGX:E8S.SI:Frencken Group
CGS raised TP to $1.91, citing MAS equity support and semicon rebound. New $63M SG facility due 1QFY2027.
SGX:CY6U.SI:CapitaLand India Trust (CLINT)
DPU at 3.97 cents (+9% YoY). Bangalore and Chennai expansion in pipeline.
SGX:OV8.SI:Sheng Siong Group
Net profit up 3.4% to $72.35M. Declared 3.2 cent interim dividend. 11 new stores and continued efficiency focus.
SGX:5G1.SI:EuroSports Global
Scorpio Electric received EU whole-vehicle type approval for Lambda Scorpii electric motorcycle.
🇲🇾 Malaysia Market Pulse: Dialog Lands Mega Deal, LBS Secures RM8.3B Project, CIMB Niaga Profit Drops; Energy & Green Deals Boost Destini, Samaiden, HeiTech
KL:7277.KL:Dialog Group Bhd
US$330M expansion at Johor terminal via 25-year deal with Petronas, Eni SpA, and Euglena Co Ltd.
KL:5789.KL:LBS Bina Group Bhd
Awarded RM8.3B Kwasa Damansara housing project from EPF’s Kwasa Land.
KL:2488.KL:Alliance Bank Malaysia Bhd
FY2026 NIM expected at 2.4%-2.45%, credit cost guidance held at 30-35 bps.
KL:1023.KL:CIMB Group Holdings Bhd
Unit PT CIMB Niaga reported 4.6% drop in 2QFY25 net profit due to higher interest costs.
KL:5106.KL:Axis REIT
Declared 2Q dividend of 2.65 sen. Net income up 20.5% YoY to RM46.95M.
KL:5125.KL:Pantech Group Holdings Bhd
1QFY26 net profit dropped over 50% YoY to RM10.93M. Declared 2 sen special interim dividend.
KL:7212.KL:Destini Bhd
Expects double-digit FY2026 earnings growth. Q4FY25 profit at RM8.44M.
KL:3557.KL:EcoFirst Consolidated Bhd
4QFY25 net profit fell 66.5% YoY to RM13.95M on rising costs and falling fair value gains.
KL:0275.KL:Steel Hawk Bhd
Secured scaffolding contract with EPOMS from Jul 2025 to Jul 2027.
KL:5141.KL:Dayang Enterprise Holdings Bhd
Subsidiary won 130-day accommodation barge job from Petronas Carigali using Perdana Emerald.
KL:0223.KL:Samaiden Group Bhd
Won three bioenergy projects totaling 18MW under RM1.87B FiT initiative.
KL:0105.KL:Asia Poly Holdings Bhd
Awarded two small hydro projects totaling 17.3MW under FiT scheme.
KL:5028.KL:HeiTech Padu Bhd
Won 2.85MW hydro project via FiT; also active in NIISe immigration system via Zetrix AI tie-up.
KL:1724.KL:Paramount Corp Bhd
Will not expand F&B ventures further. Plans to scale existing brands; keeps property as core business.
KL:03039.KL:Alpha Ocean Resources Bhd
Signed RM360M deal for 30-year concession to upgrade tuna port and maritime tourism in Kota Kinabalu.
KL:03033.KL:Zetrix AI Bhd
Reaffirmed NIISe project commitment, continues immigration tech services with HeiTech Padu.
Global Stock Search