2025-11-20 03:46Market Performance - The Hang Seng Index closed at 25,830, down 0.38% for the day but up 28.77% year-to-date [1] - The Hang Seng Tech Index closed at 5,606, down 0.69% for the day and up 25.49% year-to-date [1] - The CSI 300 Index closed at 4,588, up 0.44% for the day and up 16.60% year-to-date [1] - The S&P 500 Index closed at 6,642, up 0.38% for the day and up 12.93% year-to-date [1] Currency and Commodity Overview - The Renminbi Index is at 97.830, up 0.52% month-on-month and up 1.35% over six months [2] - Brent crude oil is priced at $64.310 per barrel, up 5.25% month-on-month and up 1.21% over six months [2] - Gold is priced at $4,088.47 per ounce, down 6.14% month-on-month but up 26.61% over six months [2] Company News - Xiaomi's SU7 Ultra and YU7 models have begun free activation of built-in ETC functions, previously costing 50 RMB [12] - Kuaishou-W reported a profit of 4.5 billion RMB for Q3 2025, up from 3.3 billion RMB in Q3 2024, with revenue increasing by 14.2% to 35.6 billion RMB [20] - Nvidia's Q3 net profit rose 65% year-on-year to $31.91 billion, with revenue increasing 62.5% to $57.006 billion, exceeding market expectations [21] Economic Indicators - China's retail sales for October increased by 2.9% year-on-year, totaling 4.63 trillion RMB, with a year-to-date growth of 4.3% [18][19] - The UK inflation rate for October was reported at 3.6%, down from 3.8% previously [16] - Japan's central bank is unlikely to raise interest rates before March, as the government needs to confirm that stimulus measures are effectively boosting domestic demand [17]