[Morning News Selection on October 28th] 1. Foreign Ministry Spokesperson Guo Jiakun hosted a regular press conference yesterday. A reporter asked a question. It was reported that the EU plans to reduce imports of related products from China. Guo Jiakun said that China hopes that the EU will respect the principles of market economy and fair competition, avoid abusing trade remedy tools, and take practical actions to promote the healthy and stable development of China-EU relations. 2. The Shanghai Municipal Economic and Information Technology Commission issued the "Shanghai Action Plan to Accelerate the Development of New Generation Intelligent Manufacturing". It is pointed out that by 2028, the scale of the new intelligent manufacturing equipment industry promoted by AI will exceed 200 billion yuan, and the scale of the intelligent manufacturing system integration industry will reach 100 billion yuan. 3. The Henan Provincial Department of Commerce and other departments jointly issued the "Announcement on Optimizing the Implementation of Subsidy Activities for Local Independent Categories of Consumer Goods Trade-in in 2026". The subsidy standard is 15% of the final sales price of the product, with each subsidy not exceeding 1,500 yuan. 4. For illegally receiving more than 436 million yuan in property, Wang Huimin, former member of the Party Committee of the China Securities Regulatory Commission, was sentenced to death with a suspended sentence in the first instance. 5. TSMC is considering increasing the price of CoWoS advanced packaging services by 10% to 20%. As the demand for AI chips expands from GPUs to server CPUs and customized AI chips, advanced packaging production capacity is tightening, and related cost pressures may be transmitted to chip design companies. 6. The official account of Hongguo Short Drama issued a statement: Statements such as "The annual revenue of Hongguo Short Drama is approaching 40 billion yuan" and "The annual revenue of Hongguo Short Drama will reach 42 billion to 45 billion yuan this year" have appeared on the Internet. After verification, the above income data are untrue. 7. Dongshan Precision (02384.HK) announced the Hong Kong stock IPO allotment results: the Hong Kong public offering subscription level was 0.52 times, and 5.9055 million shares were finally allocated, accounting for 5.19% of the global offering. 8. Bubble Mart announced that the overall revenue (unaudited) in the third quarter of 2026 will decrease by 45%-50% year-on-year compared with the third quarter of 2025. 9. Yifei Laser announced that it plans to acquire 100% equity of Xingqihang, an optical module packaging and automated coupling equipment company, for 400 million yuan. 10. The Shanghai Stock Exchange issued a supervisory work letter regarding the abnormal fluctuations in the stock price of Shanghai Jiubai Co., Ltd. The objects involved include listed companies, directors, senior managers, general shareholders, controlling shareholders, actual controllers and other relevant parties. 11. Wuliangye announced that its third quarter revenue was 4.442 billion yuan, a year-on-year decrease of 37.68%; net profit was 958 million yuan, a year-on-year decrease of 48.25%. 12. Dongcai Technology announced that its net profit in the first three quarters was 443 million yuan, a year-on-year increase of 56.69%. The third quarterly report showed that Zhang Jianping became the third largest shareholder. 13. Sugon announced that its net profit in the third quarter was 753 million yuan, a year-on-year increase of 217% and a month-on-month increase of 1%. It was announced on the same day that it plans to repurchase shares for 300 million to 500 million yuan for employee stock ownership plans or equity incentives. 14. Tongguan Copper Foil announced that its net profit in the third quarter was 124 million yuan, a year-on-year increase of 345%; Jinan Guoji announced that its third-quarter net profit was 1.158 billion yuan, a year-on-year increase of 1031%; Shanghai Electric Co., Ltd. announced that its third-quarter net profit was 2.699 billion yuan, a year-on-year increase of 161%; Nanya New Materials announced that its third-quarter net profit was 990 million yuan, a year-on-year increase of 1296%. 15. Hengrui Pharmaceutical announced that its net profit in the third quarter was 2.458 billion yuan, a year-on-year increase of 89%; Founder Technology announced that its third-quarter net profit was 616 million yuan, a year-on-year increase of 327%; Ingenics announced that its third-quarter net profit was 1.419 billion yuan, a year-on-year increase of 2595%. 16. The three major U.S. stock indexes closed collectively higher, with the Nasdaq rising 1.18%, the S&P 500 rising 0.6%, and the Dow Jones Industrial Average rising 0.03%. The storage and optical communications sectors continued to strengthen, with Western Digital rising more than 6%, and SanDisk and Seagate Technology rising more than 3%. 17. Apple is reported to release 14- and 16-inch touch-screen MACBOOKs on Wednesday. Apple has discussed pricing its new 14-inch touchscreen Mac at $2,899. Apple's touchscreen MAC will become the company's most expensive laptop. 18. Opinion polls show that neither the right-wing camp led by current Israeli Prime Minister Netanyahu nor the opposition camp led by former Israel Defense Forces Chief of Staff Eisenkot obtained the majority of seats needed to form a government, but the opposition camp is in the lead. 19. Musk said that robots’ memory consumption will crush all existing computing devices on the planet. He also said that the robot uses low-power DRAM chips instead of high-bandwidth memory (HBM). 20. Seagate Technology’s revenue in the first fiscal quarter was US$4.2 billion, a year-on-year increase of 60%. It is expected to be US$4.11 billion. Revenue in the second fiscal quarter is expected to be US$4.8 billion. Seagate Technology fell more than 8% after the market closed. 21. SK Hynix announced its third quarter results for fiscal year 2026. Operating income was 104.62 trillion won, a month-on-month increase of 32%, a year-on-year increase of 328%, and is expected to be 98.96 trillion won; operating profit was 83.33 trillion won, a month-on-month increase of 38%, a year-on-year increase of 632%, and is expected to be 77.5 trillion won; SK Hynix expects that revenue and operating profit will increase to a new level of scale next year. SK Hynix plans to distribute at least 30 trillion won in cash dividends in 2026 and repurchase and cancel at least 60 trillion won in shares. 22. International oil prices continued to fall, with Brent crude oil futures for December delivery falling 1.7%, with a settlement price of US$113.88 per barrel. WTI crude oil futures for December delivery fell 1.8%, settling at $99.90 a barrel. 23. International precious metals rose. Spot gold prices rose 1.07% to US$4,060.13 per ounce; spot silver prices rose by 0.82% to US$54.39 per ounce.