Apple(US:AAPL) Guoxin Securities Hongkong·2025-10-31 08:20Market Overview - Hong Kong's Hang Seng Index closed at 26,283, down 0.24% for the day but up 31.02% year-to-date[3] - The S&P 500 index closed at 6,822, down 0.99% for the day and up 15.99% year-to-date[3] - The Nasdaq index closed at 23,581, down 1.57% for the day and up 22.11% year-to-date[3] Sector Performance - Semiconductor stocks faced significant declines, with ZTE Corporation dropping over 11% and other major players like SMIC falling over 1%[9] - The coal sector continued its upward trend, with Yancoal Australia and Jinma Energy both rising over 5%[9] - The non-ferrous metals sector showed strong performance, with Ganfeng Lithium surging nearly 15% and China Aluminum rising over 10%[9] Company Highlights - Apple reported Q3 revenue of $102.47 billion, a year-on-year increase of 8%, with iPhone sales up 6.1%[12] - Meta Platforms saw a significant drop of 11.33% following its quarterly earnings report, raising concerns over increased capital expenditures in AI[9] - Amazon's Q3 revenue grew 13% to $180.2 billion, exceeding market expectations[14] Economic Indicators - The U.S. initial jobless claims fell to approximately 218,000, indicating a tightening labor market[12] - The Bank of Japan maintained its interest rate at around 0.5%, with no preset timetable for future rate hikes[12] - Fitch Ratings noted that the Chinese real estate market has not yet bottomed out, with ongoing pressure on prices and transaction volumes[9]