Market Performance - The Hang Seng Index closed at 25,935, down 0.07% for the day but up 29.29% year-to-date [1] - The Hang Seng Tech Index closed at 5,785, down 0.56% for the day and up 29.49% year-to-date [1] - The CSI 300 Index closed at 4,627, up 0.19% for the day and up 17.60% year-to-date [1] Currency and Commodity Overview - The Renminbi Index is at 97.610, up 0.87% over the last month and 1.47% over the last six months [2] - Brent crude oil is priced at $64.570 per barrel, up 0.64% over the last month and 7.60% over the last six months [2] - Gold is priced at $3,972.33 per ounce, up 0.28% over the last month and 19.14% over the last six months [2] Economic Indicators - China's October Services PMI fell to 52.6, while the Composite PMI decreased to 51.8 [10][12] - Hong Kong's October PMI rose to 51.2, marking the strongest growth since December of the previous year [13] - China's October trade balance was $90.45 billion, with exports increasing by 8.3% year-on-year and imports rising by 7.4% [28] Company-Specific Developments - UBTECH (09880.HK) received new orders for its Walker series humanoid robots, with total orders exceeding 800 million RMB for the year [14] - BYD plans to launch its high-end brand "Yangwang" in the Middle East in early 2026 [15][16] - The Hang Seng Biotech Index futures will begin trading on November 28, pending regulatory approval, providing a new risk management tool for market participants [17][18] IPO and Market Activity - The recent IPO of Seres (赛力斯) saw its stock price close at 131.50 HKD, with a first-day performance of 0.00% [26] - The upcoming IPOs include Junsheng Electronics and WeRide, both set to launch on November 6, 2025 [26][27]