US:DGT:Dow Jones Industrial Average
The Dow fell 0.71% (-334.33 to 46,590.41) as Washington’s latest China-export curb talk and weak earnings weighed on sentiment.

SGX:S27.SI:S&P 500
The S&P 500 slipped 0.53% to 6,699.40, giving back part of October’s gains.

US:QQQ:Nasdaq Composite
The Nasdaq Composite dropped 0.93% to 22,740.40, under pressure from chip and streaming names.

SGX:S27.SI:S&P 500
Stocks stayed on the back foot after Treasury Secretary Scott Bessent said the White House is weighing curbs on exports to China made with U.S. software, following President Donald Trump’s earlier vow of restrictions by Nov. 1.

US:TXN:Texas Instruments
Texas Instruments fell after weaker-than-expected results and a soft fourth-quarter outlook.

US:ON:onsemi
On Semiconductor declined as chip peers slid in sympathy with sector weakness.

US:AMD:Advanced Micro Devices
Advanced Micro Devices slipped more than 3% amid the broader semiconductor pullback.

US:MU:Micron Technology
Micron Technology edged lower alongside chip-sector ETFs.

US:SMH:VanEck Semiconductor ETF
The VanEck Semiconductor ETF fell about 2% as chipmakers retreated.

US:NFLX:Netflix
Netflix tumbled after an earnings miss tied to a dispute with Brazilian tax authorities.

US:ISRG:Intuitive Surgical
Intuitive Surgical surged nearly 14% on strong earnings and revenue.

US:TSLA:Tesla
Tesla’s results due after the bell were set to kick off the “Magnificent Seven” megacap tech slate.

US:FDS:FactSet
FactSet data showed over three-quarters of S&P 500 reporters so far have beaten expectations.

US:AMZN:Amazon.com
Amazon drew focus as US:MS:Morgan Stanley projected 40 next-gen robotics warehouses by 2027 could yield $2–$4 billion in annual savings; the firm kept an overweight rating and a $300 target.

US:KO:Coca-Cola
Coca-Cola’s strong results helped the Dow briefly top 47,000 in the prior session.

US:MMM:3M
3M’s solid report also aided the Dow’s record-setting move on Tuesday.

US:WBD:Warner Bros. Discovery
Warner Bros. Discovery hit a new 52-week high.

US:AXP:American Express
American Express traded at all-time highs dating back to its 1977 IPO.

US:COR:Cencora
Cencora reached record levels since its 1995 IPO.

US:HCA:HCA Healthcare
HCA notched all-time highs since its 2011 IPO.

US:HWM:Howmet Aerospace
Howmet Aerospace set new highs post its 2016 Alcoa spinoff.

US:APH:Amphenol
Amphenol climbed to fresh all-time highs since its 1991 IPO.

US:TEL:TE Connectivity
TE Connectivity hit record levels since its 2007 IPO.

US:CHTR:Charter Communications
Charter Communications touched lows not seen since April 2024.

US:LYB:LyondellBasell
LyondellBasell traded at lows last seen in April 2020.

US:GE:GE Aerospace
GE Aerospace advanced after an earnings beat as US:GS:Goldman Sachs re

US:BTC:Bitcoin
Bitcoin rebounded from one of crypto’s worst single-day wipeouts, trading about 11% below its Oct. 10 high after a historic $19.37 billion in leveraged positions were liquidated.

US:DGT:Dow Jones Industrial Average
The Dow previously fell 334 points (0.7%) as U.S.-China trade headlines and earnings jitters pressured equities; futures later edged lower.

SGX:S27.SI:S&P 500
The S&P 500 slipped roughly 0.5% in the prior session and remains sensitive to megacap earnings and policy signals.

US:QQQ:Nasdaq Composite
The tech-heavy Nasdaq Composite declined 0.9% amid risk-off rotation tied to trade and leverage concerns.

US:TSLA:Tesla
Tesla dipped after mixed Q3 results, with shares down about 3% post-close as it kicked off the “Magnificent Seven” earnings slate.

US:IBM:International Business Machines
IBM fell roughly 6% after beating on headline results but posting in-line software revenue.

US:MRNA:Moderna
Moderna dropped nearly 6% after a Phase 3 CMV vaccine trial did not meet its primary efficacy endpoint; 2025 guidance unchanged.

US:LRCX:Lam Research
Lam Research rose over 1% as fiscal Q1 earnings and revenue topped estimates and guidance surpassed expectations.

US:LUV:Southwest Airlines
Southwest gained about 2% on a surprise quarterly profit and improving demand and fares.

US:LVS:Las Vegas Sands
Las Vegas Sands jumped more than 6% after-hours on a Q3 beat and upbeat outlook.

US:KNX:Knight-Swift Transportation
Knight-Swift slipped over 2% as adjusted EPS missed even as revenue topped estimates.

US:AA:Alcoa
Alcoa eased 1% on mixed results: a narrower loss than expected but revenue shy of forecasts.

US:MOH:Molina Healthcare
Molina Healthcare plunged 17% after significantly weaker-than-expected quarterly EPS despite revenue beating consensus.

US:KMI:Kinder Morgan
Kinder Morgan fell nearly 2% even as adjusted EPS rose on higher natural gas volumes.

US:BTC:Bitcoin
Bitcoin’s relative resilience versus altcoins was noted by GSR’s Frank Chaparro, citing size, maturity, liquidity and ETF-backed products.

US:BTC:Bitcoin
CoinGlass recorded the largest-ever crypto liquidation wave, while CoinMetrics data showed bitcoin holding above a key resistance and ether near $4,000.

US:BTC:Bitcoin
Wintermute said mid- and small-cap tokens fell 60%–80% at the peak versus bitcoin’s ~11% and ether’s ~13% declines; Fundstrat’s Tom Lee pointed to leverage as a core driver.

US:BTC:Bitcoin
Offshore platforms Hyperliquid and Aster drew attention for high leverage offerings; Grayscale’s Zach Pandl warned more leverage means more risk.

US:DGT:Dow Jones Industrial Average
The selloff was amplified after President Donald Trump’s tariff vow on Oct. 10 and comments from Treasury Secretary Scott Bessent about potential curbs on exports to China using U.S. software.

US:DGT:Dow Jones Industrial Average
MAI Capital Management’s Chris Grisanti urged trimming winners given stretched valuations, likening the backdrop to late-1990s conditions.

US:DGT:Dow Jones Industrial Average
CFRA’s Sam Stovall said upcoming inflation data likely won’t deter an expected late-October Fed rate cut, even after weak August jobs.

US:UCO:Oil
The Trump administration imposed additional sanctions on Russian oil giants Rosneft and Lukoil, citing a lack of commitment to a Ukraine ceasefire.

SGX:S27.SI:S&P 500
US stocks opened little changed; the S&P 500 was up less than 0.1% as investors weighed mixed earnings and a data-light backdrop.

US:QQQ:Nasdaq Composite
Nasdaq 100 edged down less than 0.1% with weakness in major tech after several high-profile reports.

US:NFLX:Netflix
Netflix fell about 8% after a Brazilian tax dispute dented third-quarter earnings despite otherwise in-line results.

US:TXN:Texas Instruments
Texas Instruments dropped roughly 6% on a lacklustre outlook, fanning worries that the chip recovery is sputtering.

US:COF:Capital One Financial
Capital One gained about 3.4% after a profit surge and a plan to repurchase up to US$16 billion of stock.

US:GEV:GE Vernova
GE Vernova slipped ~3% even as it flagged rising gas-turbine demand from big tech data centres.

US:GOOGL:Alphabet
Alphabet rose about 1.78% on reports of cloud talks with Anthropic, bolstering AI demand and TPU chip momentum.

US:AAPL:Apple
Apple eased ~0.87% after a report that it is “drastically” cutting iPhone Air production while boosting other iPhone 17 models.

US:TSLA:Tesla
Tesla was little changed ahead of results expected after the bell, with the market looking for a year-on-year profit drop.

US:IBM:International Business Machines
IBM slipped about 6% despite beats, as in-line software revenue tempered investor enthusiasm.

US:PIPR:Piper Sandler
Piper Sandler’s Craig Johnson called the “split tape” healthy after a five-month advance, citing buy-the-dip setups on macro tailwinds.

US:EVR:Evercore
Evercore ISI’s Glenn Schorr said bank credit metrics improved and noted no clear turn in the credit cycle from recent earnings.

US:MCO:Moody’s
Moody’s was cited alongside banks and asset managers as not seeing an imminent credit-cycle turn.

SGX:N2IU.SI:Mapletree Pan Asia Commercial Trust
Mapletree Pan Asia Commercial Trust posted a 1.5% y-o-y rise in 2QFY2025/26 DPU to 2.01 cents.

SGX:DCRU.SI:Digital Core REIT
Digital Core REIT’s distributable income climbed 1.9% y-o-y to US$35.2 million for 9MFY2025.

SGX:M1GU.SI:Sabana Industrial REIT
Sabana REIT reported 3QFY2025 income available for distribution per unit of 1.01 cents, up 38.4% y-o-y.

SGX:U96.SI:Sembcorp Industries
Sembcorp was said to be in talks to buy a stake in B.Grimm Gas Assets.

SGX:V5Q.SI:Soilbuild Construction Group
Soilbuild Construction is exploring a listing of its precast and prefabrication business on the SGX Mainboard.

SGX:D05.SI:DBS Group
At a DBS event, officials said more details of a “Value Unlock” programme for listed firms will be unveiled in November to help improve shareholder value.

SGX:S68.SI:Singapore Exchange
MAS and SGX RegCo will consult on consolidating listing review functions and enhancing investor recourse while ensuring appropriate safeguards.

US:BTC:Bitcoin
Broader context remained cautious after recent volatility in risk assets; gold and silver retreated while crypto sentiment stayed fragile.

US:AMZN:Amazon.com
Amazon slipped in late trade as reports of Alphabet–Anthropic cloud discussions stirred competitive AI-cloud positioning.

— Anthropic
Anthropic was reported to be in early talks with Alphabet on a multiyear cloud-and-TPU deal potentially worth high tens of billions; recent fundraising lifted its valuation.

SGX:L19.SI:Lum Chang Holdings
Full-year FY2025 net profit more than doubled as Singapore’s construction upcycle and restructuring lifted margins; analysts see high single-digit profit growth into FY2026 with a robust S$980 million order book and improved project economics.

SGX:LCC.SI:Lum Chang Creations
Interior fit-out unit spun off in July via SGX Catalist IPO, raising S$12.3 million amid strong retail demand, underscoring niche heritage and urban revitalisation expertise.

SGX:N2IU.SI:Mapletree Pan Asia Commercial Trust
Reported 2QFY2025/26 DPU up 1.5% y-o-y to 2.01 cents.

SGX:DCRU.SI:Digital Core REIT
Distributable income rose 1.9% y-o-y to US$35.2 million for 9MFY2025.

SGX:M1GU.SI:Sabana Industrial REIT
3QFY2025 income available for distribution per unit increased 38.4% y-o-y to 1.01 cents.

SGX:U96.SI:Sembcorp Industries
Reportedly in talks to acquire a stake in B.Grimm gas assets as it explores expansion opportunities.

SGX:V5Q.SI:Soilbuild Construction Group
Weighing a potential SGX Mainboard listing of its precast and prefabrication business to unlock value.

SGX:D05.SI:DBS Group
At a DBS event, authorities flagged November details for a “Value Unlock” programme to support listed firms in communicating strategy and enhancing shareholder value.

SGX:S68.SI:Singapore Exchange
MAS and SGX RegCo to consult on consolidating listing review functions and improving investor recourse while avoiding excessive litigiousness.

US:NFLX:Netflix
Shares tumbled after a Brazilian tax dispute cut into Q3 earnings, overshadowing otherwise in-line results.

US:TXN:Texas Instruments
Stock sank on a softer outlook that stoked concerns about a sputtering semiconductor recovery.

US:COF:Capital One Financial
Gained after a surge in Q3 profit and a plan to repurchase up to US$16 billion of stock.

US:GEV:GE Vernova
Fell despite signaling growing gas-turbine demand from big-tech data centers.

US:GOOGL:Alphabet
Rose on reports of cloud discussions with Anthropic, highlighting AI demand and TPU chip traction.

US:AAPL:Apple
Slipped after reports of a “drastic” cut to iPhone Air production and increased focus on other iPhone 17 models.

US:TSLA:Tesla
Little changed ahead of results, with expectations for a y/y Q3 profit decline.

US:IBM:International Business Machines
Shares retreated after in-line software revenue tempered otherwise top- and bottom-line beats.

HK:02888.HK:Standard Chartered PLC
Bank’s commodities view echoed via its analyst commentary as gold’s rally cooled; referenced among institutions shaping sentiment.

US:C:Citigroup
Shifted to a more cautious stance on gold after the sharp pullback, pointing to near-term consolidation.

US:PIPR:Piper Sandler
Called the current “split tape” a healthy pause after a five-month advance, favoring buy-the-dip setups.

US:EVR:Evercore
Research noted improved credit metrics across banks with no clear sign of an imminent credit-cycle turn.

US:MCO:Moody’s
Cited alongside banks and asset managers as not seeing a turn in the credit cycle based on recent earnings reads.

US:NEM:Newmont
Edged lower as precious-metals names eased following gold’s steep rout.

SGX:E3B.SI:Wee Hur Holdings
To divest its stake in Grenfell Property and set up Wee Hur PBSA Fund III A to develop the asset into PBSA, reinforcing its student-accommodation strategy.

KL:6033.KL:Petronas Gas
Faces a class-action special damages claim of about RM68 million tied to the Putra Heights gas pipeline fire; company does not expect material financial or operational impact pending court outcome.

KL:7028.KL:Zecon
Unit to build and operate a 100MW solar plant at Kota Petra Green Technology Park under a 30-year PPA with Syarikat Sesco; commercial operations targeted for December 2027.

KL:0186.KL:Perak Transit
Said business remains as usual after Bursa queried a sharp sell-off that nearly halved market value and pushed shares to a 3+ year low.

KL:3255.KL:Heineken Malaysia
Reported low single-digit 3Q beer volume growth ahead of market; 3Q and 9M FY2025 results slated for Nov 6.

KL:0313.KL:BWYS Group
Buying 28.92 acres of industrial land in Kuala Langat for RM94.5 million to support a new factory and future expansion, with construction targeted to begin in 2Q2026.

KL:4758.KL:Ancom Nylex
Revised reverse-takeover terms involving Green Lagoon Technology and Ancom Logistics, dropping private placement and subscription; RTO now inter-conditional on acquisition, exemption and disposal.

KL:0048.KL:Ancom Logistics
Party to the revised RTO framework with Ancom Nylex and Green Lagoon Technology following new supplemental agreement.

KL:4677.KL:YTL Corp
To seek shareholder approval for issuance of share options to employees linked to directors under its ESOS (up to 10% new shares, subject to terms).

KL:6742.KL:YTL Power International
Also pursuing shareholder approval for director-linked employee options under its ESOS (up to 10% new shares, subject to terms).

KL:5326.KL:99 Speed Mart Retail Holdings
EPF ceased to be a substantial shareholder after trimming its stake to 4.89%.

KL:5169.KL:Ho Hup Construction
Substantial shareholder Omesti sought an EGM on Nov 20 to replace two directors with its nominees.

KL:9008.KL:Omesti
Proposed director changes at Ho Hup via an EGM request as a 10.4% shareholder.

US:AAPL:Apple
Apple is reportedly cutting production orders for iPhone Air while raising orders for other iPhone 17 models amid resilient series sales.

HK:06030.HK:CITIC Securities
Citic Goldstone Fund, under CITIC Securities, took part in Leju (Shenzhen) Robotics Technology’s near-RMB1.5 billion pre-IPO round.

Leju (Shenzhen) Robotics Technology
Concluded a pre-IPO fundraising of nearly RMB1.5 billion with backing including state-owned Shenzhen Investment Holdings Co., Ltd. and Citic Goldstone Fund.

HK:09888.HK:Baidu
Baidu’s Apollo Go partnered with Swiss Post’s PostBus to roll out autonomous travel service “AmiGo” in Switzerland.

Swiss Post (PostBus)
Entered a strategic tie-up with Baidu’s Apollo Go to deploy autonomous travel service “AmiGo” in Switzerland.

Hong Kong SFC (regulator)
Launched a three-month consultation to amend the Code on Unit Trusts and Mutual Funds to align with international standards and broaden product options.

HK:06031.HK:Sany Heavy Industry
Reportedly plans to end institutional investor subscription for its Hong Kong offering one day earlier than scheduled.

HK:3115.HK:Hangseng Index
HSI closed at 25,781, down 245 points, as gold jewelry counters weakened and market turnover rose.

HK:1929.HK:Chow Tai Fook Jewellery
Fell over 5% amid sector weakness as the HSI slipped.

HK:01288.HK:Agricultural Bank of China
Hit a new high during the session as parts of the financial complex outperformed.

HK:00670.HK:China Eastern Airlines
Reached a new high while the broader market finished lower.

HK:02899.HK:Zijin Mining
Target price lifted by CICC after a 3Q results beat.

HK:03008.HK:China International Capital Corp (CICC)
Raised TP on CATL following slightly better-than-expected 3Q results and reiterated Outperform on China Telecom.

CATL (Contemporary Amperex Technology)
Cited by CICC with a higher target price following a slight 3Q beat. (No listed code in SGX/US/HK/KL formats provided.)

HK:00027.HK:Galaxy Entertainment
CLSA cautioned 3Q margin pressure and cut full-year earnings forecast by 4%.

HK:09992.HK:POP MART
Earnings and revenue forecasts lifted by CICC after 3Q revenue outperformed; Morgan Stanley raised revenue/profit forecasts and kept an Overweight rating.

US:MS:Morgan Stanley
Upgraded revenue and profit forecasts for POP MART while maintaining an Overweight call.

HK:00728.HK:China Telecom
UBS trimmed target price to HK$7.20 but maintained a Buy rating as profit growth remained strong in 1–3Q.

US:UBS:UBS Group
Adjusted China Telecom target to HK$7.20 and kept a Buy rating.

US:RIO:Rio Tinto
Was rumored to be exploring an asset-for-equity swap with CHALCO.

HK:02600.HK:Aluminum Corporation of China (CHALCO)
Linked by market chatter to a potential asset-for-equity swap with Rio Tinto.

HONOR
Teamed up with BYD to advance cross-platform ecosystem and AI agent integration.

HK:01211.HK:BYD Company
Partnered with HONOR to deepen integration of ecosystems and AI agents across platforms.

HK:09988.HK:Alibaba Group
Cainiao’s full-chain products reportedly saw triple-digit quarter-on-quarter daily average order growth in Latin America; Taobao store PapaHome drew a strategic investment from singer Jackson Wang.

Cainiao (Alibaba unit)
Reported triple-digit QoQ growth in LatAm daily average order volume for full-chain products.

PapaHome (Taobao store)
Received strategic investment from singer Jackson Wang, with curated product launches slated for next year.

HK:09992.HK:POP MART
BOCI raised target price to HK$405.6, citing sustained 3Q growth momentum.

US:BAC:Bank of America
BofA Securities reiterated Buy on POP MART after a 3Q beat.

HK:01093.HK:CSPC Pharmaceutical
Shares fell ~6% as Daiwa downgraded to Sell, expecting slower finished-drug sales.

SGX:O39.SI:OCBC
Bank of Singapore (OCBC’s private bank) lifted its 12-month gold price forecast to US$4,600.

HK:01099.HK:Sinopharm
Gained over 4% after Morgan Stanley bet on a 30-day share-price rise.

HK:03908.HK:CICC
Kept China Mobile’s results “in line,” seeing AI/Cloud IaaS demand supporting 2H25 growth.

HK:03908.HK:CICC
Said China Telecom’s 3Q was largely in line with margin improvement amid higher AI demand.

US:NMR:Nomura Holdings
Maintained POP MART TP at HK$372 as 3Q growth accelerated again.

HK:00005.HK:HSBC Holdings
Global Research updated ratings/TPs on gold miners, flagging sector recalibration.

HK:00005.HK:HSBC Holdings
Research expects gold prices to surge until 1H26; highlighted attractive valuations at Zijin Mining and Shandong Gold.

HongKong:3115.HK:Hangseng Index
Midday: HSI down 329 pts as gold-jewelry stocks faltered; POP MART rebounded over 4%.

US:MS:Morgan Stanley
Said China Telecom’s 3Q net profit slightly beat expectations.

SGX:D05.SI:DBS Group
DBS Research raised CATL’s TP to HK$635, citing robust profitability.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
Chief economist Ba Shusong said shifting global asset-allocation logic has made gold the world’s second-largest reserve asset.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
CEO Bonnie Chan said HKEX is processing ~300 listing applications.

US:JPM:JPMorgan Chase
Forecasts Baidu-SW 3Q adjusted net profit of RMB3B and trimmed 2025/2026 earnings estimates.

HK:09888.HK:Baidu
Under JPM’s preview, with earnings forecasts lowered despite expected 3Q profit.

HK:00941.HK:China Mobile
Quarterly results viewed as in line; AI/Cloud demand seen as a growth driver into 2H25 (per CICC).

HK:00728.HK:China Telecom
UBS cut TP to HK$7.20 but kept Buy; multiple brokers cited improving margins and AI demand.

US:GS:Goldman Sachs
Raised POP MART earnings forecasts after 3Q revenue beat while keeping a Neutral rating.

US:UBS:UBS Group
Adjusted China Telecom TP to HK$7.20; maintained Buy.

HK:09992.HK:POP MART
JPM lifted TP to HK$350, expecting a 4Q sales boost from the holiday season; brokers broadly positive post-3Q sales data.

HK:02899.HK:Zijin Mining
Named by HSBC Research as attractively valued amid an expected gold up-cycle into 1H26.

HK:01787.HK:Shandong Gold Mining
Also highlighted by HSBC Research for appealing valuation as gold prices are projected to rise.

HK:09999.HK:NetEase
Midday snapshot showed shares down over 5% as broader tech weakened.

US:GS:Goldman Sachs
Listed its top 10 AI-related firms across China and the US in fresh research.

US:GS:Goldman Sachs
Said China’s stock market is in a “slow bull,” projecting key indices could rise ~30% by end-2027.

HK:00941.HK:China Mobile
JPMorgan kept Overweight despite worse-than-expected 3Q net profit.

HK:03690.HK:Meituan-W
JPMorgan reiterated Neutral, expecting a 3Q adjusted net loss of RMB17 billion.

HK:09988.HK:Alibaba Group (BABA-W)
BOCOM International said AI and cloud businesses retain long-term growth potential.

US:DGT:Dow Jones Industrial Average
Report noted President Donald Trump will visit Japan next week for three days to meet the new prime minister.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
Overnight HIBOR slipped to 3.17%, a one-month low, amid easier interbank liquidity.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
Reportedly rejected at least five listed firms’ attempts to shift core businesses to data-related activities.

US:HSBC:HSBC Holdings
Global Research issued updated ratings and target prices on Macau casino operators.

HK:00027.HK:Galaxy Entertainment
HSBC Research kept Buy and forecast Macau October GGR could reach up to MOP23.1 billion.

HK:02282.HK:MGM China
HSBC Research maintained Buy alongside sector GGR projections for October.

HK:02388.HK:BOC Hong Kong
HSBC Research raised target price to HK$44.5.

HK:00023.HK:Bank of East Asia
HSBC Research lifted target price to HK$15.3.

HK:00728.HK:China Telecom
Citi said 3Q EBITDA beat consensus by 8% and kept Buy.

HK:09992.HK:POP MART
CLSA kept Outperform, noting 3Q growth accelerated.

HK:01099.HK:Sinopharm
Morgan Stanley estimated the shares could rise over the next 30 days.

HK:01810.HK:Xiaomi-W
CLSA suggested promotions as weekly car sales declined.

US:MS:Morgan Stanley
Said China Telecom’s 3Q net profit slightly beat expectations.

SGX:D05.SI:DBS Group
DBS Research raised CATL’s target price to HK$635, citing robust profitability.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
Ba Shusong said shifting global asset-allocation logic has made gold the second-largest reserve asset.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
CEO Bonnie Chan said the bourse is processing around 300 listing applications.

HK:09888.HK:Baidu-SW
JPMorgan expects 3Q adjusted net profit of RMB3 billion and cut 2025/2026 earnings forecasts.

HongKong:3115.HK:Hangseng Index
Midday wrap: HSI down 329 points; HSTI off 127 points; NetEase fell over 5%.

HK:09992.HK:POP MART
Goldman Sachs raised earnings forecasts after a 3Q revenue beat while keeping a Neutral rating.

US:UBS:UBS Group
Kept Buy on China Telecom and trimmed target price to HK$7.20.

HK:09992.HK:POP MART
JPMorgan lifted target price to HK$350, expecting a 4Q sales boost from holiday demand; brokers issued further post-3Q sales opinions.

HK:02899.HK:Zijin Mining
Jefferies raised target price to HK$38.1, projecting full-year gold output could beat guidance.

HK:01787.HK:Shandong Gold Mining
Cited by HSBC Research as attractively valued amid expectations of higher gold prices into 1H26.

HK:00590.HK:Luk Fook Holdings
Citi raised target price to HK$34.2, expecting 1HFY2026 margin trends to beat.

HK:00522.HK:ASMPT
Morgan Stanley lifted target price to HK$100 and flagged a 3Q loss on one-off restructuring costs.

HK:00941.HK:China Mobile
Morgan Stanley said 3Q net profit came in below forecast.

HK:00941.HK:China Mobile
CICC kept Outperform but cut 2025–2026 earnings forecasts.

HK:09992.HK:POP MART
Citi elevated target price to HK$415 and reiterated Buy.

HK:01929.HK:Chow Tai Fook Jewellery
CICC hiked target price to HK$19.45 and raised earnings forecasts.

HK:09926.HK:Akeso
CICC cut target price to HK$184 while keeping Outperform.

HK:00780.HK:Tongcheng Travel
CICC estimated 3Q non-IFRS net profit at RMB1.02 billion and maintained full-year profit forecast.

HK:06658.HK:TransThera-B
Jumped 16% early after proposing full circulation for H-shares.

HK:00388.HK:Hong Kong Exchanges & Clearing (HKEX)
CICC expects 3Q profit to grow 49% y/y and raised earnings forecasts.

HK:09999.HK:NetEase
Opened weaker, down over 5% in the morning as tech names slipped.

HK:01801.HK:Innovent Biologics
Opened up 10% on a share issuance to Takeda at ~30% premium with an up-to-US$11.4 billion licensing deal.

US:TAK:Takeda Pharmaceutical
Agreed a licensing deal of up to US$11.4 billion tied to Innovent and participated in a premium share issuance.

HK:09992.HK:POP MART
Opened about 8% higher after reporting 3Q revenue surged 2.45–2.5 times year on year.

HK:02439.HK:Laopu Gold
Opened 3.5% lower after announcing a net HK$2.7 billion raise via a 4.5% discounted share placement.

US:IBM:International Business Machines
Said it will invest US$150 billion in US manufacturing.

Thank you