AI-Fueled Market Movers: China Tech Headlines, Wall Street Calls, and Policy Ripples
HK:02015.HK:Li Auto
Li Auto said holiday travelers in China drove a combined 893 million kilometers, with assisted driving totaling about 1.817 million hours; the company also featured its “Li Xiang Tong Xue” service in the period.
HK:09888.HK:Baidu
Baidu set Nov 13 in Beijing for “Baidu World Congress 2025,” highlighting large-model advances, AI-native app ecosystems, and its overseas strategy.
HK:09618.HK:JD.com
Morgan Stanley expects JD.com’s 3Q25 retail/Group revenue to grow ~10.8%/~14.3% YoY, with retail operating profit up ~15% on trade-in programs, but sees continued investments weighing on margins into 4Q25.
● The U.S. Treasury Secretary said the ongoing federal government shutdown is beginning to affect the real economy, noting potential impacts on obligations such as military pay.
● China may issue guidance to tighten photovoltaic capacity regulation, with industry sources telling Securities Times that measures aim to curb “involution” and foster healthier competition.
● CCBI projected limited impact from the U.S. 100% tariff on China’s textiles, home appliances, and IP toys.
US:BAC:Bank of America
Bank of America forecast gold could reach US$5,000 and silver US$65 next year.
HK:01336.HK:New China Life Insurance
NCI opened 6.2% higher after guiding 1–3Q net profit attributable to shareholders up 45%–65% YoY.
HK:09888.HK:Baidu
Morgan Stanley estimated Baidu’s 3Q operating profit may fall ~66.7% YoY and kept an Equal-weight rating.
HK:09881.HK:Innoscience Group
Innoscience jumped over 16% after announcing a partnership backing an 800 VDC power architecture.
HongKong:3115.HK:Hangseng Index
HSI opened 79 points higher as chip names and gold miners advanced; Innoscience surged about 15% at the open.
HK:00027.HK:Galaxy Entertainment Group
Galaxy Entertainment named Thomas Arasi as CFO, succeeding departing Ted Chan.
US:JPM:JPMorgan Chase
JPMorgan outlined US$1.5 trillion in investment/financing for U.S. national and economic security-related companies.
HK:02015.HK:Li Auto
Founder Li Xiang topped Webb’s 2024 pay table for HK-listed directors, with total compensation around HK$680 million.
HK:02007.HK:Country Garden
Country Garden set a 5 Nov creditors’ meeting; the controlling shareholder committed to subscribe for shares to offset more than US$1.1 billion in loans.
● China’s Ministry of Commerce reiterated firm opposition to higher U.S. tariffs and said working-level China-U.S. talks have continued this year.
US:AVGO:Broadcom
OpenAI said it is partnering with Broadcom to develop its first proprietary AI chip.
US:NVDA:NVIDIA
Innoscience said it is working with NVIDIA to offer a full GaN power solution for 800 VDC architectures.
● Gold futures jumped 3.3% to a record while silver futures surged 6.7%.
HK:01919.HK:COSCO SHIPPING Holdings
COSCO SHIPPING Holdings plans to repurchase up to 100 million A-shares and will conduct a simultaneous H-share buyback.
SGX:S27.SI:S&P 500
Morgan Stanley said the trade war could pull the S&P 500 down by as much as 11%.
● Wireless module maker Fibocom opened its Hong Kong IPO subscription today, with an entry fee of HK$4,343.4.
● The U.S. Treasury Secretary said Donald Trump and China’s Xi Jinping will meet in South Korea, adding both sides held substantial communications over the weekend.
US:DGT:Dow Jones Industrial Average
The DJIA rebounded 587 points (1.3%) at the close; the Nasdaq Golden Dragon China Index rose 3% as chip shares reheated.
US:QQQ:Nasdaq Composite
Tech-led gauges firmed alongside chip momentum.
HK:01810.HK:Xiaomi
Responding to rumors that a Xiaomi SU7 crash prevented door handles from opening, Xiaomi Auto’s customer service said final conclusions depend on the police investigation.
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