Samsung Cuts 2nm Wafer Prices; Gold Hits Record; ETFs, Property & Robotics Surge

US:TSM:Taiwan Semiconductor Manufacturing
KRX:005930.KQ:Samsung Electronics
Samsung Electronics slashed prices of its 2nm wafers by 33% compared to TSMC to lure customers and expand market share, according to Economic Daily News.

HK:02840.HK:SPDR Gold Trust
HK:2899.HK:Zijin Mining
HK:1818.HK:Zhaojin Mining
Spot gold broke above US$3,800, setting a historic high at US$3,808.81. SPDR Gold Trust rose 1.3% to HK$2,723. Zijin Mining gained ~5% while Zhaojin Mining soared 7%, hitting the ceiling.

HK:00688.HK:China Overseas Land & Investment
HK:01109.HK:China Resources Land
HK:02202.HK:China Vanke
HK:00960.HK:Longfor Group
Daiwa issued research ratings: China Overseas cut to HK$17 (Buy), China Resources Land raised to HK$37 (Buy), China Vanke downgraded to Underperform at HK$4.7, and Longfor Group lifted to HK$12.5 (Outperform).

HK:07766.HK:XL2 CSOP Tesla
HK:07799.HK:XL2 CSOP MicroStrategy
US:09766:XL2 CSOP Tesla-U
US:09799:XL2 CSOP MicroStrategy-U
HK:07711.HK:XL2 CSOP Coinbase
Top ETF gainers: XL2 CSOP Tesla surged 9.6% to HK$176.4; XL2 CSOP MicroStrategy climbed 8.7% to HK$55.06. In the U.S., Tesla-U gained 8.1% and MicroStrategy-U rose 7.5%. Coinbase ETF advanced 6.2%.

HK:09988.HK:Alibaba (BABA-W)
HK:00027.HK:Galaxy Entertainment
UK:HSBC:HSBC Holdings
HK:688819.HK:Tianneng Power
HK:3931.HK:CALB
US:NX:Nexteer Automotive
Hong Kong’s Hang Seng Index (HK:3115.HK:Hangseng Index) jumped 365 points midday to 26,494. Gains led by Alibaba up over 3%, Galaxy Entertainment, HSBC Holdings, Tianneng Power, CALB, and Nexteer, all hitting new highs.

HK:0916.HK:China Longyuan Power
JPMorgan raised target price for China Longyuan to HK$8.8, maintaining an Overweight rating.

HK:2359.HK:WuXi AppTec
JPMorgan reaffirmed WuXi AppTec as its top CXO pick with an Overweight rating. Separately, BofA Securities raised its earnings forecast and lifted target price to HK$130.7.

HK:1810.HK:Xiaomi
Huatai Securities and CMBI both reiterated Buy ratings on Xiaomi, citing competitive pricing in its new products and strong investment in hard tech.

HK:9880.HK:UBTech Robotics
UBTech Robotics jumped over 4% after securing a RMB30 million robot order.

Market Flash: Brokers Put NWD in Crosshairs as Tech, Banks, Miners and Utilities Make Headlines

HK:0017.HK:New World Development
Opened down 2.6% after reporting an annual loss of HKD16.3B, with core operating profit down 13%.

US:C:Citigroup
Citi set New World Development’s target price at HK$4.8 and cut earnings forecasts, keeping a Sell stance.

US:BAC:Bank of America
BofA Securities maintained Underperform on New World Development.

HK:0005.HK:HSBC Holdings
HSBC Research kept Reduce on New World Development, citing low short-term turnaround visibility.

HK:3908.HK:China International Capital Corp
CICC said National Day travel sentiment improved year over year and expects consumption recovery to continue.

HK:3690.HK:Meituan
Launched a RMB100M Safe Riding Bonus Pool to encourage riders to complete deliveries safely.

US:MS:Morgan Stanley
Cut Budweiser Brewing Company APAC’s target price to HK$9.3 and reduced earnings forecasts.

HK:1876.HK:Budweiser Brewing Company APAC
Subject of a Morgan Stanley target price cut to HK$9.3 alongside trimmed earnings projections.

HK:9988.HK:Alibaba Group
The “Tongyi Lingmou” AI digital human large model trademark was successfully registered.

HK:2388.HK:BOC Hong Kong
Welcomed the optimization of a liquidity facility.

HK:3993.HK:CMOC
BofA Securities raised its target price.

HK:2899.HK:Zijin Mining
BofA Securities raised its target price.

HK:0358.HK:Jiangxi Copper
Upgraded by BofA Securities to Buy.

HK:0002.HK:CLP Holdings
Chairman Michael Kadoorie expressed strong optimism about Hong Kong’s economic outlook.

HK:1211.HK:BYD
Said full-year sales target adjustments are reasonable and R&D spending will continue to rise.

HK:9618.HK:JD.com
Announced the 2025 “Double 11 Shopping Festival” will start at 8pm on 9 Oct.

HK:0011.HK:Hang Seng Bank
Reported ~80% growth in physical gold trading volume.

HK:1810.HK:Xiaomi
Showcased the SU7 Ultra in Japan for the first time, with no specific launch date yet.

Global Markets: CXMT Plans A-Shr Listing, OPEC+ Output Hike, HSBC Buyback, Xiaomi Record Sales & More

CN:CXMT:ChangXin Memory Technologies
Reports say CXMT will switch to an A-share listing as Beijing requires major chipmakers to pursue domestic IPOs.

CN:CFLP:China Federation of Logistics & Purchasing
CFLP said China’s total value of social logistics goods in the first eight months of 2025 reached about RMB230 trillion, maintaining stable growth.

oil:US:UCO
OPEC+ is planning another oil production hike in November, according to reports.

CN:SAMR:State Administration for Market Regulation
China’s SAMR will urge online food delivery platforms to adopt rational competition practices.

HK:0005.HK:HSBC Holdings
HSBC repurchased approximately 3.58 million shares worth US$384 million last Friday.

EU:Pharma:European Pharmaceuticals
JP:Pharma:Japanese Pharmaceuticals
Pharmaceutical products from the EU and Japan will be exempted from 100% US tariffs.

Private:Keeta
Keeta launched operations in Dubai, marking its third Middle Eastern delivery market expansion within 40 days.

HK:1810.HK:Xiaomi
Founder Lei Jun said Xiaomi’s 17 Pro Max set a new first-day sales record.

CN:Railways:China Railway
China Railway expects to transport 219 million passengers during the National Day and Mid-Autumn Festival holiday period.

CN:Tmall:Alibaba Group’s Tmall
Tmall announced its Double 11 pre-sale will begin on October 15.

CN:Industrial Enterprises
China’s industrial enterprises reported a 20.4% month-on-month profit rise in August.

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