Core Viewpoint - Nokia Corporation has announced its delisting from the Euronext Paris stock exchange, with the delisting expected to take effect on December 31, 2025, following approval from the Board of Euronext Paris [1][3]. Summary by Sections Delisting Announcement - The decision to delist was made after a review of trading volumes, costs, and administrative requirements associated with the listing on Euronext Paris, which was initially established in April 2015 during the acquisition of Alcatel-Lucent [2]. Impact on Operations - The delisting will not affect Nokia's daily operations in France or its listings on Nasdaq Helsinki and the New York Stock Exchange, where shares are traded as American Depositary Receipts [3]. Voluntary Sales Facility - A voluntary sales facility will be established to allow shareholders to sell their Nokia shares listed on Euronext Paris. Shareholders can trade until December 30, 2025, the last trading day before the delisting [4][9]. - Shareholders wishing to sell their shares through this facility must instruct their financial intermediaries to deliver shares to Société Générale between December 2, 2025, and December 15, 2025 [5]. Sale Process - Shares delivered to Société Générale will be sold on Nasdaq Helsinki starting January 2, 2026, at the prevailing market price. Nokia will not be involved in the sale process, which will be managed independently by Société Générale [6][8]. - Société Générale will calculate the average sale price during the sales period and transfer the proceeds to shareholders once received [7]. Indicative Calendar - Key dates related to the voluntary sales facility and delisting include: - Euronext notice regarding the Sales Facility: November 27, 2025 - Beginning of the voluntary Sales Facility period: December 2, 2025 - End of the voluntary Sales Facility period: December 15, 2025 - Last day of trading on Euronext Paris: December 30, 2025 - Delisting from Euronext Paris: December 31, 2025 - Sale on Nasdaq Helsinki: Beginning January 2, 2026 [11].

Core Viewpoint - Huawei has launched the Huawei Router X3 Pro, which redefines traditional router aesthetics and performance, integrating beauty, functionality, and intelligence into a single device [1][10]. Group 1: Product Design and Aesthetics - The design of the Huawei Router X3 Pro is inspired by the sunrise over the Meili Snow Mountain, featuring a high-transparency acrylic material and a gold mountain structure that reflects light beautifully [6]. - The router's transparent antenna design is cleverly hidden within the body, allowing for dynamic signal direction adjustment while maintaining a clean aesthetic [6]. - The router transforms from a hidden tool into a displayable piece of home art, aligning with the evolving consumer electronics aesthetic [6]. Group 2: Performance and Technology - The Huawei Router X3 Pro utilizes third-generation PLC technology, achieving a groundbreaking 1.5Gbps PLC speed, which supports 4K video streaming and low-latency gaming [4]. - The dual-link system combines PLC and Mesh technologies, enhancing network reliability and coverage, especially in larger homes [5]. - The router's proprietary anti-interference algorithm effectively filters out electromagnetic interference from household appliances, ensuring stable connections even in complex electrical environments [4]. Group 3: Smart Home Integration - As a core node in the HarmonyOS ecosystem, the router supports multiple connection protocols, enhancing smart home device integration [7]. - It features child internet protection, game acceleration, and visual smart diagnostics, allowing users to manage their home network easily and securely [9]. - The router's capabilities signify a shift from merely functional devices to integral components of a smart home experience, emphasizing user-friendly design and performance [10].

Market Overview - The market experienced a significant rally, with the ChiNext Index rising nearly 2% and previously exceeding 3% [1] - By the market close, the Shanghai Composite Index increased by 0.87%, the Shenzhen Component Index rose by 1.53%, and the ChiNext Index gained 1.77% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.81 trillion yuan, an increase of 84.4 billion yuan compared to the previous trading day [1][6] Index Performance - Shanghai Composite Index: 3870.02, up 0.87%, with 1780 gainers and 468 losers [2] - Shenzhen Component Index: 12777.31, up 1.53%, with 2344 gainers and 492 losers [2] - ChiNext Index: 2980.93, up 1.77%, with 1147 gainers and 222 losers [2] Sector Performance - The AI application sector saw a resurgence, with stocks like Rongji Software and Shida Group performing strongly [2] - The computing hardware concept continued to show strength, with stocks such as Tefa Information and Changfei Optical Fiber hitting the daily limit [2] - The Fujian sector experienced rapid gains, with multiple stocks like Fujian Expressway and China Wuyi reaching the daily limit [2] - The anti-influenza concept was active, with stocks like Hainan Haiyao and Te Yi Pharmaceutical hitting the daily limit [2] - Conversely, the aquaculture sector faced adjustments, with stocks like Zhangzi Island and Zhongshui Fishery hitting the daily limit down [2] - The military industry sector saw weakness, with stocks like Jianglong Shipbuilding dropping nearly 10% [3] Market Sentiment - The overall market sentiment was strong, with 4300 stocks rising and 95 stocks hitting the daily limit up [4] - The market heat index was recorded at 72, indicating robust activity [5]

Market Overview - The three major indices opened higher, with the Shenzhen Component Index and the ChiNext Index both rising over 2%, while the Shanghai Composite Index increased by over 1% [1] Sector Performance - The computing hardware sector showed strong gains, with TeFa Information achieving three consecutive trading limit ups [1] - The AI application concept experienced a resurgence, with Shida Group achieving four consecutive trading limit ups and Huanrui Century achieving three consecutive trading limit ups [1] - The precious metals sector saw a rise, with Western Gold leading the gains [1] - The anti-influenza concept continued to rise, with stocks such as Jindike, Hainan Haiyao, Guangji Pharmaceutical, and Te Yi Pharmaceutical hitting the trading limit [1] - Conversely, the China Shipbuilding Industry Group experienced a pullback, with China Shipbuilding Han Guang leading the decline [1] - The aquaculture sector adjusted, with Zhongshui Fishery hitting the trading limit down [1] Overall Market Sentiment - The overall market showed a bullish trend, with nearly 4,900 stocks rising [1] - As of the midday close, the Shanghai Composite Index was at 3,880.22, up 1.13%; the Shenzhen Component Index was at 12,841.60, up 2.04%; and the ChiNext Index was at 3,005.23, up 2.60% [1] - On the plate, F5G concept, CPO, and optical fiber concepts led the gains, while the China Shipbuilding Industry Group, airport and shipping, and aquaculture sectors saw the largest declines [1]

#行情 陆港两地股市周二反弹，上证综指涨1%至3878点。深证成指涨2.3%，创业板指涨3.3%。通信设备，电子元件板块领涨。恒生指数涨1.2%重返26000点，科技指数涨2%。 https://t.co/79tExd9Yi6 ...

Core Insights - Nokia plans to invest $4 billion in US research, development, and manufacturing, focusing on AI-ready connectivity infrastructure across various networking domains [1] - The investment follows Nokia's $2.3 billion acquisition of Infinera, completed in February 2025 [1] Investment Breakdown - $3.5 billion will be allocated to research and development (R&D) activities, aimed at advancing network technology in data centers, mission-critical systems, defense solutions, and AI integration [2] - $500 million of the capital expenditure is designated for manufacturing and R&D in Texas, New Jersey, and Pennsylvania [2] Production and Technology Enhancement - The funding will enhance domestic production capabilities for mobile, fixed access, IP, and optical networking equipment, as well as improve AI-optimized networking solutions [3] - The investment scope includes automation, quantum-safe networks, semiconductor production, packaging processes, and advanced material sciences research [3] Historical Context - Prior investments from Nokia and Infinera include Infinera's $456 million investment in two US manufacturing facilities, supported by federal CHIPS Act incentives [4] - Nokia's CEO emphasized the importance of Nokia's innovations in critical network infrastructure [4] Strategic Goals - The investment aims to strengthen the US's capacity for AI-optimized connectivity, enhancing security, productivity, and prosperity [5] - Nokia's ongoing innovation efforts are supported by Bell Labs in New Jersey, which has a history of significant technological contributions [5] Corporate Strategy - The announcement coincides with corporate restructuring and strategy updates, simplifying operations into two segments: Network Infrastructure and Mobile Infrastructure [6] - Nokia targets annual comparable operating profits between €2.7 billion ($3.1 billion) and €3.2 billion ($3.7 billion) by 2028, focusing on five strategic priorities [7]

Core Insights - The Finnish telecommunications company is increasing its domestic spending to optimize its network infrastructure for artificial intelligence [1] Company Summary - The company is focusing on enhancing its network capabilities to support advancements in artificial intelligence [1]

Core Insights - Nokia plans to invest $4 billion in research, development, and production in the United States to enhance innovation in artificial intelligence network connectivity [1] Company Summary - The investment aims to accelerate advancements in artificial intelligence technologies within the telecommunications sector [1] - This strategic move reflects Nokia's commitment to strengthening its position in the AI-driven connectivity market [1] Industry Summary - The investment signifies a growing trend among telecommunications companies to focus on AI and network connectivity innovations [1] - Increased funding in research and development is expected to drive competition and technological advancements in the industry [1]

Core Insights - Franklin Wireless Corp. (FKWL) shares have declined 12.4% since the first quarter earnings report for fiscal 2026, underperforming the S&P 500's 1.7% decrease during the same period [1] - The company reported quarterly revenues of $12.7 million, a decrease of 4.3% from $13.3 million a year ago, while net income attributable to the parent company rose to $640,478, resulting in EPS of 5 cents compared to 4 cents a year earlier [2] - The gross profit increased by 40.5% year over year to $2.9 million, with gross margin improving to 22.8% from 15.5% in the prior-year period [2][3] Financial Performance - Operating expenses decreased by 5.1% to $2.3 million, with administrative costs declining due to lower legal expenditures and reduced stock-based compensation [4] - Other income dropped significantly to $2,804 from $1.07 million last year, primarily due to unfavorable foreign-currency movements affecting the South Korean subsidiary [5] - Despite a decline in other income, net income of $550,536 was reported, although it was below last year's $648,656 [6] Market Conditions and Demand - The company noted that post-pandemic shifts in end-user behavior are reshaping demand, particularly for mobile device management (MDM) services [7] - Demand patterns from major carrier customers can fluctuate significantly, with two major customers representing 90.4% of consolidated net sales during the quarter [8] Operational Insights - Inventory management and supply-chain relationships were key contributors to the quarter's operating performance, with inventories declining meaningfully [10] - The company benefited from controlled production expenses, although higher shipping and delivery charges partially offset these efficiencies [11] - Franklin Wireless continued to operate its joint venture, Sigbeat, which focuses on telecommunications modules and contributed modest net income during the period [12]

Group 1 - Huawei is expected to release breakthrough technology in the AI field [1] - The 15th National Games in China will conclude [1] Group 2 - Key economic indicators to watch include India's November manufacturing, services, and composite PMI at 13:00 [1] - The UK will release October retail sales data at 15:00 [1] - The European Central Bank (ECB) officials, including Vice President and President Lagarde, will be speaking at various times throughout the day [1] - The US will release several important economic indicators, including the average hourly earnings and the Michigan consumer sentiment index at 21:30 and 23:00 respectively [1]