Market Performance - Hang Seng Index (HSI) rose by 407 points or 1.6%, closing at 26,649 points[1] - Shanghai Composite Index increased by 21 points or 0.9%, ending at 4,018 points[2] - S&P 500 gained 103 points or 1.5%, closing at 6,832 points[2] Trading Volume - Total trading volume in Hong Kong was 214.788 billion HKD[1] - Shanghai Stock Exchange's trading volume reached 960.6 billion CNY[2] - Shenzhen Component Index had a trading volume of 1.21 trillion CNY[2] Economic Indicators - China's inflation exceeded expectations, with the Producer Price Index (PPI) showing a narrowing decline for three consecutive months[1] - The People's Bank of China conducted a 119.9 billion CNY reverse repurchase operation at a rate of 1.4%[2] - The RMB/USD exchange rate was adjusted down by 20 points to 7.0856[2] Sector Insights - BYD's SUV models priced between 300,000 to 400,000 HKD are the most popular in Hong Kong, with sales exceeding 7,800 units this year, capturing approximately 25% market share[4]

Market Performance - The Hang Seng Index (HSI) fell by 244 points or 0.9%, closing at 26,241 points after a previous gain of over 500 points[1] - The Shanghai Composite Index decreased by 10 points or 0.3%, ending at 3,997 points[1] - The S&P 500 rose by 8 points or 0.1%, closing at 6,728 points[2] Trading Volume and Currency - Total trading volume in the Hong Kong market reached HKD 209.644 billion[1] - The People's Bank of China conducted a reverse repurchase operation of CNY 141.7 billion at a rate of 1.4%[1] - The RMB/USD central parity rate was adjusted up by 29 points to 7.0836[1] Economic Indicators - China's Producer Price Index (PPI) fell by 2.1% year-on-year in October, slightly better than the expected decline of 2.2%[3] - The Consumer Price Index (CPI) in China rose by 0.2% year-on-year in October, ending two months of deflation[3] - Food prices decreased by 2.9% year-on-year, while non-food prices increased by 0.9%[3] IPO Activity - Nearly 80 companies were newly listed in Hong Kong, raising approximately HKD 210 billion[4] - The number of startups in Hong Kong increased by 40% over the past five years, totaling around 4,700[4] - Startups in Hong Kong's Science Park and Cyberport raised a total of HKD 6 billion in the past year[4]

Market Performance - Hang Seng Index (恒指) rose by 550 points or 2.1%, closing at 26,485 points[1] - Shanghai Composite Index (滬指) increased by 38 points or 1%, closing at 4,007 points[2] - Total market turnover reached HKD 234.65 billion[1] Economic Indicators - People's Bank of China conducted a 7-day reverse repurchase operation of CNY 92.8 billion at a steady rate of 1.4%[2] - The Chinese Yuan (人民幣) appreciated by 36 pips against the US dollar, with a midpoint rate of 7.0865[2] US Market Trends - Dow Jones Industrial Average (道指) fell by 398 points or 0.8%, closing at 46,912 points[2] - S&P 500 index decreased by 75 points or 1.1%, closing at 6,720 points[2] - NASDAQ dropped significantly by 445 points or 1.9%, closing at 23,053 points[2] Corporate Developments - BeiGene (百濟神州) reported a net profit of USD 125 million for Q3, compared to a net loss of USD 121 million in the same period last year[5] - Hua Hong Semiconductor (華虹半導體) recorded a net profit of USD 25.725 million for Q3, down 42.6% year-on-year[6][7]

Market Performance - Hang Seng Index (恒指) fell by 205 points or 0.8%, closing at 25,952 points[1] - Shanghai Composite Index (滬指) decreased by 16 points or 0.4%, ending at 3,960 points[1] - S&P 500 dropped by 80 points or 1.2%, closing at 6,771 points[2] Trading Volume - Total market turnover in Hong Kong was 239.986 billion HKD[1] - A-shares trading volume reached 852.9 billion CNY for Shanghai Composite and 1.06 trillion CNY for Shenzhen Composite[1] Currency and Monetary Policy - People's Bank of China conducted a 117.5 billion CNY reverse repo operation at a rate of 1.4%[1] - The RMB/USD midpoint was adjusted down by 18 points to 7.0885[1] Automotive Sales - Tesla's sales in China fell by 9.93% year-on-year, delivering 61,497 vehicles[3] - BYD's sales decreased by 12.7% year-on-year, with 436,900 vehicles delivered[3] - Geely's new energy vehicle sales surged by 63.6% year-on-year, reaching 177,900 vehicles[3] Corporate Earnings - Yum China reported Q3 revenue of 3.206 billion USD, a 4% increase year-on-year, with net profit down 5% to 282 million USD[3] - Country Garden's contract sales in October amounted to approximately 2.9 billion CNY, a 33% year-on-year decline[3]

Market Performance - Hang Seng Index (恒指) rose by 251 points or 1%, closing at 26,158 points[1] - Shanghai Composite Index (滬指) increased by 21 points or 0.6%, ending at 3,976 points[2] - Total market turnover reached HKD 228.68 billion[1] Economic Indicators - People's Bank of China conducted a reverse repurchase operation of CNY 78.3 billion at a rate of 1.4%[2] - China's October Manufacturing PMI fell to 50.6, slightly below the expected 50.7[2] - Logistics industry index for October was 50.7, down 0.5 percentage points month-on-month, indicating slight retraction but overall demand remains expansive[3] Corporate Developments - Chow Tai Fook (周大福) announced price adjustments for certain gold products due to new tax policies[4] - Starbucks (SBUX.US) will form a joint venture with Boyu Capital, with an investment of approximately USD 4 billion for a 60% stake[4] - Sa Sa (莎莎) expects net profit for the six months ending September to be between HKD 48.5 million and HKD 50.5 million, a year-on-year increase of 50% to 56%[4]

Market Performance - Hang Seng Index closed at 25,906 points, down 376 points or 1.4%[1] - National Index fell 178 points or 1.9%, closing at 9,168 points[1] - Hang Seng Tech Index decreased by 143 points or 2.4%, ending at 5,908 points[1] - Total market turnover was 257.612 billion HKD[1] Economic Indicators - China's official manufacturing PMI fell short of expectations, while the services PMI met expectations[1] - The People's Bank of China conducted a 355.1 billion RMB reverse repo operation at a rate of 1.4%[1] - The RMB/USD midpoint was adjusted down by 16 points to 7.0880[1] Corporate Performance - Top 100 real estate companies' sales totaled nearly 2.9 trillion RMB in the first ten months, a year-on-year decline of 16.3%[3] - HKEX reported an average daily trading volume of 1.54 million contracts for derivatives in Q3, a historical high[3] - FWD reported new business sales of 1.935 billion USD, up 37% year-on-year at constant exchange rates[4] - XPeng Motors delivered 42,013 vehicles in October, a record monthly high[4] - BYD's new energy vehicle production was 429,808 units in October, down 19.8% year-on-year[5]

Market Performance - Hang Seng Index (恒指) rose by 273 points or 1%, closing at 26,433 points[1] - Shanghai Composite Index (滬指) increased by 46 points or 1.2%, ending at 3,996 points[1] - S&P 500 gained 83 points or 1.2%, closing above 6,800 points for the first time[2] Economic Indicators - Overall exports in Hong Kong increased by 16.1% year-on-year, reaching 462.3 billion HKD in September[3] - Imports also rose by 13.6% year-on-year, totaling 512.5 billion HKD in September[3] - Trade deficit recorded at 50.2 billion HKD, equivalent to 9.8% of import value[3] Monetary Policy - People's Bank of China conducted a 337.3 billion RMB reverse repurchase operation at a rate of 1.4%[1] - Net injection of 148.3 billion RMB on the day due to 189 billion RMB reverse repos maturing[1] Corporate Updates - China Coal Energy (中煤能源) reported Q3 revenue of 36.148 billion RMB, down 23.8% year-on-year[4] - Net profit attributable to shareholders was 4.78 billion RMB, a decrease of 1% year-on-year[4]

Market Performance - Hang Seng Index (HSI) rose by 192 points or 0.7%, closing at 26,160 points, with a peak of 26,239 points during the day[1] - The Shanghai Composite Index increased by 27 points or 0.7%, closing at 3,950 points, marking a ten-year high[2] - The S&P 500 gained 53 points or 0.8%, closing at 6,791 points, with all three major US indices reaching new closing highs[2] Economic Indicators - The People's Bank of China conducted a 168 billion yuan seven-day reverse repurchase operation, maintaining the interest rate at 1.4%[2] - The RMB central parity rate was adjusted down by 10 pips to 7.0928 against the US dollar[2] - In the first three quarters of 2025, actual foreign direct investment (FDI) in China was 573.75 billion yuan, a decrease of 10.4% year-on-year[5] Corporate Earnings - China National Pharmaceutical Group reported a revenue of 431.479 billion yuan for the first three quarters, a year-on-year decline of 2.5%[6] - Luoyang Molybdenum Co. reported a revenue of 145.485 billion yuan, a year-on-year decrease of 6%, but net profit increased by 72.6% to 14.28 billion yuan[6] - WuXi AppTec achieved a revenue of 32.857 billion yuan, an 18.6% year-on-year increase, with net profit rising by 84.8% to 12.076 billion yuan[6]

截至 10 月 22 日，社保基金第三季末已現身 43 隻個股，合計市值超過 155 億元 人民幣。從已披露的持倉來看，社保基金第三季的操作呈現出「龍頭為基，科 技為矛」的鮮明特徵。其持倉結構在堅守醫藥、消費等傳統龍頭的同時，正開 始向通信、電子等科技創新領域傾斜。 白宮周四表示，美國總統特朗普已赦免加密貨幣交易所幣安(Binance)創辦人趙 長鵬，其此前承認在領導該公司期間協助洗錢。白宮新聞秘書萊維特表示，特 朗普行使憲法權力，赦免趙長鵬。於 2023 年 11 月，趙長鵬對該案認罪，並同 意辭去幣安行政總裁一職，是該公司與司法部達成的 43 億美元和解協議的一部 分。 港股點評 2025年10月24日9:30 a.m 恒指跌 245 點，滬指升 8 點，標普 500 升 39 點 恒指低開 129 點，初段跌幅收窄至 79 點見 25,947 點後向下，中午前曾跌 373 點 見 25,653 點，全日跌 245 點或 0.9%，收 25,781 點；國指跌 78 點或 0.8%，收 9,223 點；恒生科技指數跌 84 點或 1.4%，收 5,923 點。大市全日成交總額 2,275.36 億元。 人 ...

Market Performance - Hang Seng Index (恒指) fell by 245 points or 0.9%, closing at 25,781 points[1] - Shanghai Composite Index (滬指) decreased by 2 points or 0.07%, ending at 3,913 points[1] - S&P 500 dropped by 35 points or 0.5%, closing at 6,699 points[2] Trading Volume - Total trading volume in the Hong Kong market reached 227.54 billion HKD[1] - Shanghai Stock Exchange's trading volume was 741.5 billion CNY[1] - Shenzhen Component Index (深證成指) recorded a trading volume of 926.3 billion CNY[1] Currency and Monetary Policy - The central parity rate of RMB against USD was adjusted down by 24 points to 7.0954[1] - People's Bank of China conducted a 138.2 billion CNY reverse repo operation at a rate of 1.4%[1] - Net injection of liquidity was 94.7 billion CNY after 43.5 billion CNY reverse repos matured[1] Corporate Earnings - Sands China (金沙中國) reported a net revenue increase of 7.5% year-on-year to 1.9 billion USD for Q3[3] - China Unicom (中國聯通) posted a revenue of 292.985 billion CNY, up 1% year-on-year, with a net profit growth of 5.1%[3]