Market Overview - The Hang Seng Index (HSI) is expected to find short-term support around the 100-day moving average at approximately 25,600 points due to a hawkish stance from the Federal Reserve and ongoing uncertainties in the US-China trade relations [2] - The recent meeting between the US and Chinese leaders has led to a temporary easing of tensions, but core issues remain unresolved [2] Company News - Xiaomi Group (1810) reported an adjusted profit increase of 81% in the last quarter, exceeding expectations, and its electric vehicle business recorded operational profitability [5] - Baidu Group (9888) disclosed a 36% decline in adjusted profit but reported a 50% growth in AI business revenue [5] - Pinduoduo's adjusted net profit rose by 14% in the third quarter, although management warned of ongoing financial volatility [5] - China Hongqiao (1378) saw its controlling shareholder increase their stake to 64.02% by purchasing shares worth approximately 230 million [5] - GBM Resources, an Australian mining company, plans a secondary listing in Hong Kong [5] Macroeconomic Focus - The unemployment rate in Hong Kong has decreased to 3.8%, lower than expected, with significant declines in various economic sectors [10] - Macau's GDP grew by 4.2% year-on-year in the first three quarters, with a notable increase in inbound tourists [10] - The Chinese government aims to establish around 200 high-standard digital parks by 2027, enhancing digital transformation across industries [9] - A report indicates that China is increasingly lending to high-income countries, with the US being the largest recipient of Chinese loans [9]