[Selected morning news on November 3] 1. The central bank, the State Administration of Financial Supervision, and the China Securities Regulatory Commission held a symposium on two tools to support the capital market on November 2. The meeting proposed that the stock repurchase and holding increase re-lending policy should be changed from a phased arrangement to a long-term institutional arrangement, and the re-lending interest rate would be reduced from 1.25% to 1%. 2. In order to support the healthy and stable development of the capital market, the central bank will launch convenient swap operations for securities, funds, and insurance companies on November 3. The swap period will be one year, which can be extended as appropriate. Currently, there are 31 securities and fund companies with application requirements, and the application quota exceeds 100 billion yuan. 3. The head of the relevant department of the China Securities Regulatory Commission answered reporters’ questions on November 2 regarding the recent work related to stabilizing the market and stabilizing expectations. The relevant person in charge of the China Securities Regulatory Commission stated: ① Securities companies will be guided to conduct overall research on risk control indicators such as financing margin ratios, conversion rates, and maintenance guarantee ratios to further optimize and maintain flexibility; ② Increase the coverage rate of special re-loans for stock repurchases and shareholding increase of listed companies, and urge listed companies that have disclosed loan plans for repurchase and shareholding increase to speed up the implementation progress; ③ The 18 active ETFs that have completed fundraising will be guided and encouraged to accelerate investment and position building; ④ It is planned to make adjustments and optimizations to the repurchase of shares necessary to safeguard the company's value and shareholders' rights (referred to as market-protection repurchase): adding a new situation where the stock price "breaks", canceling restrictions on listing for six months, etc. ⑤ Revise the "Share Repurchase Rules of Listed Companies" as soon as possible to strengthen the binding force of market-protecting repurchases. ⑥ Research and launch multi-asset index funds with a constant ratio of stocks and bonds, and enrich over-the-counter mid- to low-volatility products. 4. Trump said on Monday that it was possible to reach an agreement with Iran, denying that he would resume attacks on Iran after the midterm elections. 5. Iranian President Pezeshizyan said on Monday that the Iranian government is working hard to solve the problem through dialogue. In this regard, Iran's supreme leader has also given the government certain powers. 6. The Hong Kong Exchange announced on the 2nd that its derivatives clearing house now accepts Chinese government bonds, policy bank bonds and Ministry of Finance bonds as collateral. 7. CATL announced that as of October 31, it had spent a total of 5.36 billion yuan to repurchase 19.6059 million shares, with transaction prices ranging from 218.79 yuan/share to 331.61 yuan/share. 8. Wanchen Group reported that the China Securities Regulatory Commission decided to file a case against the company due to suspicion of illegal information disclosure. 9. The three major U.S. stock indexes closed with mixed gains on Monday, with the Nasdaq falling 1.07%, the Dow rising 0.41%, and the S&P 500 falling 0.5%. Chip stocks generally fell. The Philadelphia Semiconductor Index fell by 3.37%, Cerebras fell by 11.7%, Intel fell by nearly 9%, Western Digital, AMD, Seagate Technology fell by more than 7%, and SanDisk fell by more than 6%. 10. The Nasdaq 100 index fell 10% from the high reached in early October and entered a technical correction. The Philadelphia Semiconductor Index's three-day decline expanded to nearly 12%. 11. Apple’s revenue in the fourth quarter was US$114.48 billion, a year-on-year increase of 12%, with an estimate of US$113.47 billion, and earnings per share of US$2.10, compared with US$1.85 in the same period last year, with an estimate of US$2.00. 12. Marwell Technology and Lumentum reached a final agreement. Marwell will acquire Lumentum in an all-stock transaction. The transaction implies an enterprise value of approximately US$115 billion, a premium of approximately 23.9%. After the transaction is completed, the latter’s shareholders will hold approximately 33% of the shares of the combined company. 13. The latest documents submitted by Anthropic to the U.S. SEC show that the company achieved revenue of US$16.956 billion in the third quarter of 2026, an increase of 1127% from US$1.382 billion in the same period last year. Adjusted operating profit was $2.463 billion, up from $2.235 billion in the second quarter. As of September 30 and thereafter, the company's total purchase commitments and committed expenditures under lease agreements were approximately US$895.4 billion. 14. Musk predicts that by 2029, the artificial intelligence and cloud computing processing power deployed in low-Earth orbit will far exceed ground computing power. 15. Hassett, Trump’s chief economic adviser, refuted concerns about AI financing, saying that there is no risk of a comprehensive sell-off in the industry. 16. Meta is reported to be considering issuing US dollar and euro bonds to raise at least US$20 billion. Oracle launches a $20 billion equity and debt financing transaction to raise funds for AI spending. 17. Goldman Sachs said that U.S. corporate profit growth is no longer accelerating, and the growth of AI investment spending is also peaking. 18. The PivotalPath report shows that large multi-strategy hedge funds are highly leveraged, and the convergence of stock holdings may amplify the market impact. 19. Morgan Stanley predicts that global data center IT capacity will increase from approximately 136 gigawatts (GW) at the end of 2026 to 316GW in 2030, an increase of approximately 180GW, with a compound annual growth rate of 23%. 20. A report from the Institute of Supply Management showed that the U.S. manufacturing industry expanded faster than expected in October, with production indicators hitting a new high since 2021. 21. Goldman Sachs is reported to have banned most employees from using Claude Code and GitHub, advanced artificial intelligence tools designed for programming. 22. International oil prices hit their biggest one-day drop in three months on Monday. WTI crude oil for December delivery fell 7.4%, with a settlement price of US$96.46 per barrel; Brent crude oil for January delivery fell 7.6%, with a settlement price of US$104.77 per barrel. Spot gold prices closed up 1.83% on Monday at $3,947.81 per ounce, and spot silver prices closed up 3.12% at $50.62 per ounce. 23. Since Binance suffered the largest cyber theft in history last week, as of Monday morning London time, a total of $4.7 billion in funds had flowed out of the platform. Binance said the size of withdrawals remains within expectations.