Sou Hu Cai Jing·2025-10-30 23:14Market Overview - Investors express doubts about the Federal Reserve's interest rate cut prospects, leading to a sell-off in the market, with major U.S. indices declining, particularly tech stocks, with the Nasdaq down nearly 1.6% [1] - Meta's stock plummeted by 11%, while Alphabet rose by 2.5%, and eBay saw a significant drop of 15.88%. Chinese concept stocks index fell nearly 1.9% [1] - After earnings, Amazon surged by 13% and Apple rose by 3%, boosting Nasdaq futures by 1.2% in early trading [1] - U.S. Treasury yields continued to rise, with the 10-year yield increasing by 2.32 basis points [1] - Gold prices rebounded, rising by 2.38% to above $4000, while digital currencies like Bitcoin and Ethereum experienced significant declines [1] Company Performance - Apple's service revenue reached a record high for the same period, despite a surprising decline in revenue from China and weaker iPhone sales during the off-season, but expects a double-digit increase in the upcoming quarter [6] - Amazon's AWS achieved its fastest growth in three years, with capital expenditures exceeding expectations, leading to a 14% increase in stock price after hours [7] - Eli Lilly reported Q3 earnings that exceeded expectations, raising its full-year guidance due to strong sales of weight loss drugs [11] - BYD's Q3 revenue was 195 billion yuan, with a net profit of 7.82 billion yuan, reflecting a year-on-year decline [12] - Zepbound's price reduction led to a threefold increase in sales, contributing to Eli Lilly's strong Q3 performance [11] Economic Indicators - The European Central Bank maintained its deposit rate at 2%, citing economic resilience against trade headwinds, while the Eurozone's Q3 GDP grew by 0.2%, exceeding expectations [4][23] - Japan's central bank kept interest rates unchanged, with two members voting against the decision [5] - The U.S. Treasury yields rose, with the 10-year yield at 4.0892% and the two-year yield at 3.6082% [16] Industry Trends - The semiconductor market is experiencing a significant shift, with companies like Nvidia and Oracle focusing on AI infrastructure and capital expenditures [35][36] - The high bandwidth memory market is entering a new "super cycle" driven by AI demand, with expectations of sustained supply tightness [36] - The gene editing technology is advancing, with new strategies for breeding livestock that could significantly shorten traditional breeding cycles [40][41] - The tax-free shopping policy in China is being optimized to support domestic products and enhance the shopping experience for travelers [38][39]