港股上午盘三大指数集体上涨，恒生科技指数一度冲高至1.8%，午间最终收涨1.22%，恒生指数、国企 指数分别上涨0.59%及0.46%，恒指重回26000点大关。盘面上，大型科技股多数出现上涨行情，其中， 阿里巴巴涨近2%，快手涨超1%，网易、百度、腾讯飘红，小米、京东、美团小幅走低；四中全会定调 科技自立自强，半导体芯片等科技股拉升明显，其中，华虹半导体大涨超11%领衔，中芯国际、上海复 旦涨超5%；四中全会提"高质量推进国防和军队现代化"，军工股集体上涨，中航科工、航天控股涨幅 靠前；黄金股、铜业股、铝业股等有色金属表现活跃，昨日下挫的苹果概念股再度回暖，锂电池股、濠 赌股、生物医药股、农业股、光伏股齐涨。另一方面，连续上涨的航空股表现萎靡，中国东方航空跌近 4%，核电股、水务股、加密货币概念股、煤炭股、内房股普遍弱势。此外，五矿地产复牌大涨超 91%。 ...

Group 1: Hong Kong Stocks - Yuewen Group (00772) rose over 4% as the company launched four major initiatives to develop its comic-drama ecosystem and actively promote IP commercialization [1] - ASMPT (00522) increased by over 7% after Morgan Stanley reported a recovery in mainstream semiconductor demand and continuous growth in the advanced packaging market, estimating that ASMPT's third-quarter order shipment ratio will remain above 1 [1] - Sands China (01928) rose over 1% as Citigroup expects its EBITDA recovery to continue in Q4 this year and into next year [1] - Jinli Permanent Magnet (06680) saw an increase of over 5% due to significant improvement in profitability and the strategic importance of rare earth resources [1] - AVIC Aircraft (02357) rose over 4% as its Zihuo future aircraft concept model was showcased at the Airshow, with business spanning the aviation industry chain [1] - Minmetals Resources (01208) increased by over 2% with a reported 11% year-on-year growth in total copper production in Q3, and institutions are optimistic about the performance of the Las Bambas mine [1] - Semiconductor stocks led the gains, with Huahong Semiconductor (01347) up over 10%, Shanghai Fudan (01385) up over 4%, SMIC (00981) up over 5%, and Jingmen Semiconductor (02878) up over 6%. Galaxy Securities noted that semiconductor equipment is a critical support sector in the tech war [1] - Horizon Robotics-W (09660) rose over 3% as it gained favor from domestic and international car manufacturers, with HSD already designated by multiple automakers [1][2] Group 2: US Stocks - Tesla (TSLA.US) rose 2.28% with Q3 2025 revenue at $28.095 billion, a 12% year-on-year increase, exceeding analyst expectations [3] - IBM (IBM.US) fell 0.87% as its Q3 hybrid cloud division revenue growth slowed and fell short of expectations [3] - Micron Technology (MU.US) increased by 4.15% as it officially samples the 192GB SOCAMM2 to customers, actively expanding low-power memory applications in AI data centers [3] - NIO (NIO.US) rose 0.73% with over 10,000 deliveries last week, including a record high of over 3,500 for the L90 model [3] - Hesai (HSAI.US) increased by 3.95% after announcing a strategic partnership with Guanghetong to jointly release a multi-modal perception and control solution based on lidar and dual-vision technology [3] - Baidu (BIDU.US) rose 2.95% as it partnered with Swiss Post's subsidiary PostBus to launch autonomous taxi road tests in Switzerland in December [3] - Futu Holdings (FUTU.US) increased by 3.65% after CICC raised its target price by 6% to $230, maintaining an "outperform" rating [3] - Alibaba (BABA.US) rose 3.64% as its Quark AI glasses are set to launch for pre-sale on the 24th [4] - Southwest Airlines (LUV.US) fell 6.25% despite a 1.1% year-on-year revenue increase to $6.95 billion in Q3, exceeding market expectations [4] - Intel (INTC.US) rose 3.36% with Q3 revenue at $13.65 billion, a 2.8% year-on-year increase [5]

美军又有新动作！ 据央视新闻消息，当地时间10月23日，根据飞行追踪数据显示，至少有一架美国B-1B轰炸机靠近委内瑞拉沿 岸。当天稍早，美国总统特朗普表示，将很快在委内瑞拉看到地面军事行动。 美军B-1B轰炸机出动 当地时间10月23日，根据飞行追踪数据显示，当日至少有一架美国B-1B轰炸机靠近委内瑞拉沿岸。这是美国 军机一周内第二次进行此类武力展示。 据央视新闻报道，10月23日稍早，在被问及有关美国向委内瑞拉附近派遣B-1B轰炸机的报道时，美国总统特 朗普回答说并不准确，但他同时表示，美国出于很多原因对委内瑞拉感到不满。特朗普还表示，将很快在委内 瑞拉看到地面军事行动。 据了解，作为所谓禁毒行动的一部分，美国已经部署了隐形战机和海军舰艇，但尚未公布其打击目标走私毒品 的证据。 美国国防部长（"战争部长"）赫格塞思10月22日晚宣布，美军当天又在太平洋东部国际水域击沉一艘"运毒 船"，船上3人全部死亡。这是美军9月以来针对涉嫌贩毒船只进行的第九次军事打击，总计造成至少37人死 亡。 美国和委内瑞拉近期关系紧张。 美国在加勒比海域部署多艘军舰。9月以来，美政府已宣称在委内瑞拉外海国 际水域击沉多艘所谓"运毒船 ...

经济学家指出，关键的驱动力来自股市估值飙升带来的正向财富效应，这使得拥有大量资产的群体信心大增、消费不断。 【翻译/鲸生】 上周飞抵华盛顿特区杜勒斯机场、前来参加国际货币基金组织（IMF）年会的全球金融精英们，降落在了一个正经历全美最大建筑热潮之一的美国州。 弗吉尼亚州北部的"数据中心走廊"，正是这一轮由人工智能（AI）驱动的科技投资与股市繁荣的象征。这场浪潮帮助美国成功躲过了今年年初普遍预测会发 生的经济刹车——当时，外界广泛担心特朗普政府发动的贸易战将重创美国经济。 今年春天，作为最早发出警告的机构之一，IMF曾严肃提醒：美国经济正面临衰退风险。如今，IMF总裁克里斯塔利娜·格奥尔基耶娃的口风已经完全不同。 "AI投资热潮带来了惊人的乐观情绪——而且主要集中在美国。"她在上周四表示。 贸易关税并非美国经济面临的唯一逆风。劳动力市场疲软、移民政策的严厉收紧与联邦政府停摆都在施加压力。但支撑美国经济强劲表现的核心力量，始终 是那些持续消费的美国人。 IMF首席经济学家皮埃尔-奥利维耶·古林查斯（Pierre-Olivier Gourinchas）表示："（股市）估值非常高，这正在为消费者带来财富收益。" 但问 ...

Core Viewpoint - The article discusses the recent performance of the U.S. stock market, highlighting the impact of earnings reports and geopolitical developments on investor sentiment. Market Performance - The U.S. stock market closed higher, with the Dow Jones up 144.2 points (0.31%) at 46,734.61, the S&P 500 up 39.04 points (0.58%) at 6,738.44, and the Nasdaq up 201.4 points (0.89%) at 22,941.8. The Russell 2000 index rose 31.10 points (1.27%) to 2,482.66 [3] - Large-cap tech stocks showed strength, with Intel rising over 3% and later gaining over 6% in after-hours trading. The company reported Q3 revenue of $13.65 billion, a year-on-year increase of 2.8%, with an adjusted gross margin of 40%, significantly above the market estimate of 36.1% [3] - Other notable tech stocks included Tesla (+2.28%), Amazon (+1.44%), Nvidia (+1.04%), Google A (+0.55%), Apple (+0.44%), Meta (+0.08%), and Microsoft unchanged [3] - Chinese concept stocks also rebounded, with the Nasdaq Golden Dragon China Index up 1.66%. Alibaba rose over 3%, Baidu nearly 3%, and JD.com over 2% [3] Earnings Reports - The earnings season has shown strong performance, with over 25% of S&P 500 constituents reporting. Approximately 86% of these companies exceeded earnings expectations. Analysts currently forecast a 9.9% year-on-year increase in S&P 500 earnings for Q3, up from 8.8% at the beginning of October [5] - Individual stock movements included IBM down 0.9% due to slowing growth in its key cloud computing business, and Molina Healthcare plunging 17.5% after lowering its annual profit forecast. Honeywell rose 6.8% on strong aviation demand, while American Airlines increased 5.6% after raising its profit outlook [5] Energy Sector - President Trump announced sanctions against Russian oil companies, leading to a surge in international oil prices and making energy stocks the strongest sector of the day. ExxonMobil rose 1.1% and Chevron 0.6%, while Valero Energy surged 7% due to better-than-expected earnings [4][5] - Following the sanctions, WTI crude oil futures rose by $3.29 to $61.79 per barrel (5.62% increase), and Brent crude oil futures increased by $3.40 to $65.99 per barrel (5.43% increase). The S&P 500 energy sector rose 1.3% [6] Other Market Movements - The 10-year U.S. Treasury yield rose by 4.4 basis points to 3.995%, while the 2-year yield increased by 3.8 basis points to 3.482%, reflecting cautious investor expectations regarding future interest rates [6] - Gold futures also saw an increase, settling at $4,145.6 per ounce, up 1.97%, driven by safe-haven demand [7]

*油价暴涨超5% 美国股市周四收盘上涨，投资者在密集财报与地缘政治进展间寻找平衡。截至收盘，道指上涨144.2 点，涨幅0.31%，报46734.61点；标普500指数上涨39.04点，涨幅0.58%，报6738.44点；纳斯达克指数上 涨201.4点，涨幅0.89%，报22941.8点。小盘股罗素2000指数上涨31.10点，涨幅1.27%，收于2482.66 点。 大型科技股整体走强。英特尔上涨超过3%，盘后再涨逾6%，公司第三季度营收136.5亿美元，同比增长 2.8%，经调整毛利率达40%，显著高于市场预估的36.1%。 特斯拉上涨2.28%，亚马逊上涨1.44%，英伟达上涨1.04%，谷歌A上涨0.55%，苹果上涨0.44%，Meta微 涨0.08%，微软持平。 热门中概股亦普遍反弹，纳斯达克中国金龙指数上涨1.66%。阿里巴巴涨超3%，百度涨近3%，京东涨 超2%，小鹏汽车、网易涨超1%。 美国总统特朗普宣布对俄罗斯石油公司实施制裁，推动国际油价飙升，也使能源股成为当日表现最强的 板块。 埃克森美孚上涨1.1%，雪佛龙上涨0.6%；独立炼油企业瓦莱罗能源因业绩超预期大涨7%。 Horizon In ...

Core Insights - Intel's Q3 revenue of $13.65 billion exceeded expectations, with a year-over-year growth of 2.8% and an adjusted gross margin of 40%, significantly above the market estimate of 36.1% [1] - The S&P 500 companies have shown strong earnings performance, with over 86% of reported earnings exceeding expectations, leading to an anticipated year-over-year growth of 9.9% for Q3 [2] - Energy stocks surged following President Trump's sanctions on Russian oil companies, with WTI crude oil prices rising by 5.62% to $61.79 per barrel [4] Company Performance - Intel's stock rose over 3% and continued to increase by over 6% in after-hours trading due to strong earnings [1] - Valero Energy's stock jumped 7% after reporting better-than-expected earnings [2] - Dow Chemical's stock increased by 13% after reporting a smaller-than-expected quarterly loss, supported by cost reductions and sales growth [4] Market Trends - The S&P 500 energy sector rose by 1.3%, driven by the increase in oil prices [4] - The Nasdaq China Golden Dragon Index increased by 1.66%, with notable gains from Alibaba (over 3%), Baidu (nearly 3%), and JD.com (over 2%) [1] - The 10-year U.S. Treasury yield rose by 4.4 basis points to 3.995%, reflecting cautious investor sentiment regarding future interest rate paths [4]

简阳鳌山公园银桂广场。 简阳临空经济产业园。 四川简阳经济开发区。 简阳市文化体育中心。 □王正风 （图片由简阳市委宣传部提供） 日前，在广州举办的第138届中国进出口商品交易会上，四川凯力威科技股份有限公司等8家简阳 制造业及外贸企业参展，参展企业数量创历史新高；1—8月，简阳外贸进出口总额达6.41亿元；7 月23日，"2025赛迪百强县"榜单发布，简阳位列全国第79位、四川省第一位。 与此同时，三只松鼠西南总部零食产业园在四川简阳经济开发区开建，项目建成投产后，将以三 只松鼠品牌为核心，吸引上游供应商共建休闲零食产业高地。 这是简阳两大园区立足自身资源禀赋与比较优势，构建特色鲜明、竞争力强的现代产业体系的一 个缩影。 作为成都天府国际临空经济示范区"一核四区"中临空现代服务业区核心承载地，简阳临空经济产 业园今年以来坚定三大产业特色：做强航空枢纽经济、发展临空商务商贸、壮大平台经济。 围绕航司总部、航空租赁、航空教育培训等航空核心产业，简阳临空经济产业园签约引进航润航 空资产全生命周期项目，在成都首次开展航空器循环利用业务，丰富航空后市场产业业态。自 2024年9月运营以来，该产业园已购买并完成交割5架 ...

大国博弈，风云再起。面对美国接连打出的"组合拳"，中国却稳坐钓鱼台，底气何在？ 不妨将时间拨回至最近的国际舞台。中美之间的博弈，如同棋局般精彩，你来我往，暗藏玄机。特朗普政府似乎急于扭转颓势，连续祭出关税、断供等手 段，试图压制中国。与此同时，新加坡方面也传来"劝告"之声，暗示中国不宜采取强硬反击。更有甚者，渲染美国还未动用"金融核弹"，仿佛胜券在握。 但事实真的如此吗？中国会轻易屈服吗？让我们拨开迷雾，探寻这场大国博弈背后的真相。 先看特朗普的三板斧，看似来势汹汹，实则后劲不足。 关税威胁再升级？10月，特朗普扬言，若与中国的会晤未能达成"公平贸易协议"，将自11月起把对华关税提高到惊人的155%。关税，仿佛成了他手中的万 能钥匙，但他似乎忘记了，关税战是一场"囚徒困境"，损人不利己。中国早已调整外贸结构，中美贸易在外贸总额中的占比大幅下降。即使关税飙升至 155%，美国的损失恐怕只会比中国更惨重。 拉拢澳大利亚共建稀土供应链？美澳签署关键矿物协议，豪掷数十亿美元，雄心勃勃。特朗普更是兴奋地宣称，一年后美国将拥有"多到不知道怎么办"的稀 土。这番话，如同打了鸡血，却显得底气不足。 断供飞机零部件？这招的确阴 ...

Core Viewpoint - China National Airlines (601111) announced the resignation of its Chief Engineer, Mr. Xiao Peng, due to age reasons [1] Company Summary - The company's board of directors received the resignation letter from Mr. Xiao Peng, who served as the Chief Engineer [1]