A[GEM Index and Science and Technology Innovation 50 both fell by more than 2%] On October 19, the index continued to weaken, with the GEM Index falling by more than 2.00%, the Shanghai Index falling by 0.35%, and the Shenzhen Component Index falling by 0.87%. Agriculture, computing hardware, semiconductor chips, medicine and biology, and real estate were among the top decliners, with nearly 4,100 stocks falling in Shanghai, Shenzhen and Beijing. A[The ChiNext Index fell more than 1%, nearly 3,800 stocks fell] On October 19, the index weakened, the ChiNext Index fell more than 1.00%, the Shanghai Index fell 0.33%, and the Shenzhen Component Index fell 0.31%. Agriculture, computing hardware, semiconductor chips and other directions were among the top decliners, with nearly 3,800 stocks falling in Shanghai, Shenzhen and Beijing. A[Morning News Selection on October 19th]
1. Premier Li Qiang chaired an executive meeting of the State Council on the 16th. The meeting pointed out that it is necessary to continuously deepen and expand the "artificial intelligence +" action, strengthen technological research and algorithm innovation; it is necessary to control low-price and disorderly competition in accordance with laws and regulations, and improve supporting rules such as industry cost surveys and prohibiting low-price dumping.
2. The Ministry of Commerce and the Ministry of Science and Technology announced on the 16th that they plan to revise the "China's Catalog of Prohibited and Restricted Export Technologies" to include some artificial intelligence, biomedicine, and photovoltaic technologies.
3. Four departments including the Ministry of Industry and Information Technology organized discussions with more than 30 automobile companies to strengthen the innovative design and R&D testing and verification management of automobile products.
4. The 2026 Financial Street Forum Annual Meeting will be held in Beijing’s Financial Street from October 19th to 22nd. Pan Gongsheng, Ding Xiangqun, Wu Qing, and Zhu Hexin will attend the 2026 Financial Street Forum Annual Meeting and deliver keynote speeches.
5. Pan Gongsheng attended the 54th International Monetary and Financial Committee meeting. The meeting held that the rapid development of artificial intelligence technology has exacerbated the risk of differentiation, and the world economy still faces downward risks.
6. The 6th RISC-V China Summit will be held from October 18th to 20th at the Shenzhen Convention and Exhibition Center (Futian). Frost & Sullivan estimates that China's RISC-V main control chip market will reach approximately 219.4 billion yuan in 2030.
7. Morgan Stanley said that in 2027, the scale of new computing power in the data centers of ultra-large-scale cloud vendors and emerging clouds will surge by 48% year-on-year, reaching 32 gigawatts.
8. Frost & Sullivan, an international consulting organization, recently released the "2026 Global Humanoid Robot Market Research Report". In the first half of this year, global sales of humanoid robots reached 36,000 units, exceeding the 35,000 units in the whole of 2025; market revenue reached US$540 million.
9. Changxin Technology announced that in the first three quarters, it had a pre-profit of RMB 131 billion to RMB 132.5 billion year-on-year, and the chairman proposed to repurchase shares of RMB 1 billion to RMB 2 billion.
10. Dingtai High-tech announced that the chairman proposed to repurchase A shares for 50 million to 100 million yuan; Montage Technology announced that the independent directors proposed to repurchase A shares for 300 million to 500 million yuan; Zhongke Shuguang announced that the chairman proposed to repurchase the company's shares for 300 million to 500 million yuan; Haiguang Information announced that the chairman proposed to repurchase 500 million to 800 million yuan of shares; Shengyi Technology announced that the chairman proposed to repurchase A shares for 200 million to 300 million yuan.
11. Shenghong Technology announced that the actual controller proposed that the company repurchase A shares for 150 million to 300 million yuan; OmniVision Group announced that it planned to repurchase A shares for 250 million to 500 million yuan; Shandong Gold announced that it planned to repurchase shares for 300 million to 400 million yuan to cancel and reduce registered capital.
12. Sihui Fushi announced that its net profit in the third quarter increased by 217% year-on-year; Welgo announced that its net profit in the third quarter increased by 462% year-on-year; Kexiang announced that its net profit in the first three quarters was 244 million yuan; Yongtai Technology announced that its net profit in the first three quarters increased by 1,222% year-on-year.
13. Demingli announced that it expected net profit in the first three quarters to be 8.65 billion yuan to 8.95 billion yuan year-on-year; Jialichuang announced that net profit in the first three quarters was expected to increase by 79%-118% year-on-year; Hengtong Optoelectronics announced that net profit in the first three quarters was expected to increase by 151%-168% year-on-year; Jinhaitong announced that net profit in the first three quarters was expected to increase by 148% to 172% year-on-year.
14. Shengyi Electronics announced that net profit in the first three quarters is expected to increase by 68%-75% year-on-year; Tengjing Technology announced that net profit in the third quarter is expected to increase by 61.68%-76.38% year-on-year; Shengyi Technology announced that net profit in the first three quarters is expected to increase by 164%-181% year-on-year.
15. Shenhao Technology announced that its subsidiary signed a purchase contract for computing power equipment worth 881 million yuan; Dataport announced that it plans to purchase computing power services of no more than 1 billion yuan.
16. Shenghe Resources announced that it plans to transfer 51% of the equity of four rare earth smelting and separation subsidiaries to China Rare Development.
17. The market has reduced expectations for the Federal Reserve to raise interest rates in October. After Federal Reserve Chairman Warsh's "dovish" speech, the probability of raising interest rates dropped from about 27% to less than 15%.
18. Trump signed an executive order on the 16th local time to suspend the implementation of a new round of large-scale sanctions against the Russian economy passed by the US Congress.
19. Trump said in an interview at the White House on the 15th that the United States may launch another attack on Iran’s nuclear facilities, including the underground nuclear facility in Haoshan.
20. According to reports, India has ordered state-owned fuel retailers to stop purchasing ethanol produced from sugar and the main sugar cane raw material, a move that may help curb rising sugar prices. The ban will come into effect in India's new supply year starting on November 1.
21. Last Friday, the three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.34%, the Nasdaq Composite fell 2.14%, and the S&P 500 Index fell 1.09%. Popular technology stocks generally fell. The Storage Concept Index fell 6.28%. The Philadelphia Semiconductor Index fell 3.83%, marking the eighth consecutive trading day of decline. SanDisk, Western Digital, and SK Hynix fell more than 6%.
22. Last Friday, the settlement price of WTI crude oil futures increased by 3.51%, and the settlement price of Brent crude oil futures rose by $3.94. COMEX gold futures closed up 0.4%, while COMEX silver futures fell 0.04%.
23. When talking about the shock in the AI market, Huang Renxun said: "This will all pass." Huang expressed optimism, saying the benefits of the technology would soon allay investor concerns.
24. According to people familiar with the matter, SoftBank Group is considering acquiring Allied Universal, the largest security services company in the United States, and founder Masayoshi Son is exploring ways to implement AI-driven robots across the industry.
25. The artificial intelligence company OpenAI is laying out the humanoid robot research and development track. Sam Altman disclosed the progress of related projects. The project will focus on the research and development of robot intelligent systems as its core research direction. B[AI and price increases are two-wheel drive, more than 130 A-share companies have predicted positive third-quarter results] On October 19, Wind data showed that as of 18:00 on October 18, 159 A-share companies had released third-quarter performance forecasts, of which 132 companies had predicted positive results, including 98 companies forecasting increases, 13 companies turning losses, and 21 companies reporting slight increases. The overall proportion of positive results reached 83.02%. 61 companies including Hengli Petrochemical, Lianxun Instruments, Fudan Microelectronics, and Hanyu Pharmaceuticals expect net profits attributable to their parent companies to increase by more than 100% year-on-year, and 7 of them predict an increase of more than 10 times. Sorting out the drivers of performance growth, we mainly focus on two main lines: First, the AI industry chain continues to be booming, and the demand for computing power, servers, optical modules, PCBs, semiconductors and other links is strong, driving orders and profits of related companies to improve; second, the prices of cyclical products such as chemicals have rebounded, and the supply and demand pattern of some subdivided products has improved, promoting the restoration of corporate gross profit margins. In addition, overseas business has maintained rapid growth and also provided incremental support for industries such as electronics, chemicals, medicine, and computers. (Shanghai Securities News) A[U.S. technology stocks sold off: Apple is the only technology stock with a market value of more than one trillion U.S. dollars this week to close up, and the optical communications and storage sectors are the hardest hit] October 17th, U.S. artificial intelligence-related technology stocks were sold off again this week, with the Philadelphia Semiconductor Index falling by more than 11% for the week, the largest weekly decline since April 2025. The combined market value of technology stocks with a market value of more than US$1 trillion has shrunk by nearly US$1.1 trillion this week. SpaceX fell by more than 10%, Broadcom fell by more than 9%, Tesla fell by more than 7%, and Nvidia fell by more than 6%; only Apple closed up. The optical communications and storage sectors have become the hardest hit areas, with the storage concept index falling by more than 17% on a weekly basis, the largest weekly decline since April 2025. Micron Technology and SK Hynix exited the trillion-dollar market capitalization ranks; Coherent, Coherent, Ciena, and Kioxia all fell by more than 25%.
Nvidia CEO Jensen Huang expressed optimism about the latest plunge in artificial intelligence stocks, saying the benefits of the technology will soon ease investor concerns. A[Overnight global news you need to know on Saturday: The Nasdaq fell more than 2% and popular technology stocks generally fell; Huang Renxun said that the AI market shock "all this will pass"; technology reporter Gurman said Apple launched the iPhone Duo too early]
1. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.34%, the Nasdaq Composite fell 2.14%, and the S&P 500 Index fell 1.09%. Popular technology stocks generally fell. The Storage Concept Index fell 6.28%. The Philadelphia Semiconductor Index fell 3.83%, marking the eighth consecutive trading day of declines. SanDisk, Western Digital, and SK Hynix fell more than 6%.
2. Jen-Hsun Huang talks about the shock in the AI market: “This will all pass.” Huang expressed optimism, saying the benefits of the technology would soon allay investor concerns.
3. Technology reporter Gurman said that Apple apparently launched the iPhone Duo prematurely due to limited supply, just to make it available earlier. He believes that Apple knew that reasonable supply would not be available until November at the earliest.
4. Morgan Stanley said that in 2027, the scale of new computing power in the data centers of hyperscale cloud vendors (Hyperscalers) and emerging clouds (neocloud) will surge by 48% year-on-year, reaching 32 GW.
5. U.S. President Trump said in an interview at the White House on the 15th that the United States may launch another attack on Iran’s nuclear facilities, including the underground nuclear facility in Haoshan.
6. According to the U.S. Department of the Treasury, the U.S. budget deficit in September was US$26.9 billion, the fiscal deficit in fiscal year 2026 will be US$1.99 trillion, and the fiscal deficit in fiscal year 2025 will be US$1.78 trillion.
7. U.S. bank deposits increased to $19.771 trillion from $19.694 trillion in the previous week.
8. According to multiple US media reports on the 16th, Katie Zakaria, who took office less than a week ago, will no longer serve as White House press secretary.
9. Lawmakers on Capitol Hill in the United States have proposed legislation that would block President Trump’s Russian diesel deal.
10. According to a document, the United States will provide up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). Crude oil will be provided through a swap program, in which participants borrow crude oil first and return it at a later date, with delivery times from November to January next year.
11. On the evening of the 16th local time, a huge explosion was heard in Aden, Yemen, and it was suspected that it was attacked by a missile from the Houthi armed forces.
12. Standard & Poor's confirmed the Netherlands' "AAA/A-1+" rating with a stable outlook; it raised Egypt's rating to B3.
13. According to people familiar with the matter, SoftBank Group is considering acquiring Allied Universal, the largest security services company in the United States, and founder Masayoshi Son is exploring ways to implement AI-driven robots across the industry.
14. The settlement price of WTI crude oil futures was US$101.41 per barrel, an increase of US$3.44, or 3.51%. Brent crude oil futures settled at $109.86 per barrel, up $3.94, or 3.72%.
15. COMEX gold futures closed up 0.4% at US$4,186.7 per ounce; COMEX silver futures fell by 0.04% at US$57.135 per ounce. AThe three major U.S. stock indexes collectively closed down. The Dow fell 0.34%, the Nasdaq fell 2.14%, the S&P 500 fell 1.09%, popular technology stocks fell generally, the storage concept index fell 6%, the Philadelphia Semiconductor Index fell 3.83%, SK Hynix fell more than 6%, Micron Technology and AMD fell more than 5%, Broadcom fell more than 4%, Meta fell more than 3%, and Google and Tesla fell more than 2%. B[U.S. manufacturing output rebounded in September, semiconductor production performed strongly] October 16th, U.S. manufacturing output rebounded in September after declining in the previous month, in line with the rebound trend of manufacturing this year driven by capital investment. Data released by the Federal Reserve on Friday showed that manufacturing output increased by 0.3%, after August data was revised to decrease by 0.2%. Overall industrial output, which includes mining and utilities, rose 0.7%, the largest increase in five months. Utility output rose 3.5%, likely reflecting strong electricity demand during the hottest September on record. Mining industry output also grew. "U.S. factories continue to post modest goods output growth, driven by the AI craze and consumer demand for health," Sal Guatieri, senior economist at BMO Capital Markets, said in the report. B[Yinhe Microelectronics: Plans to purchase 100% equity of Hengtike Transaction price 645 million yuan] On October 16, Galaxy Microelectronics (688689.SH) announced that the company plans to purchase 100% of the equity of Hengtike held by three shareholders, Shanghai Zhineng Hengxin Industrial Electronics Co., Ltd., Gongqingcheng Mingnuo Investment Partnership (Limited Partnership), and Tianmu Yulin (Shanghai) Technology Co., Ltd., and raise supporting funds through the issuance of shares. The transaction price is 645 million yuan. The target company Hengtike is a national-level specialized and new "little giant" enterprise mainly engaged in the research, development, and sales of power semiconductor products and providing related technical consulting and technical services. Its products are widely used in engineering machinery, drones, photovoltaics, energy storage and other fields. B[Main Fund Monitoring: Net Inflow into the Electronic Sector Exceeds 5.7 Billion] On October 16, the market tracking data showed that today the main fund had a net inflow into the electronics, semiconductor, national defense and military industries and other sectors, and a net outflow from the cultural media, film and television theaters, non-bank finance and other sectors, of which the electronic sector had a net inflow of 5.704 billion yuan. In terms of individual stocks, Changxin Technology ranked first with a net purchase of 946 million yuan, GigaDevice, JAC Automobile, and Dapu Micro-UW ranked first in net inflows of main funds; Tianfu Communications ranked first in net sales of 616 million yuan, and Ningde Times, Youyan New Materials, and Shennan Circuits ranked first in net outflows of main funds. B[Main Fund Monitoring: Changxin Technology’s Net Buying Exceeded 800 Million] On October 16, the market tracking data showed that in early trading today, the main funds had a net inflow into the electronics, semiconductor, pharmaceutical and other sectors, and a net outflow from the cultural media, non-ferrous metals, film and television theaters and other sectors, of which the electronic sector had a net inflow of over 4.7 billion yuan. In terms of individual stocks, Changxin Technology ranked first with a net purchase of more than 800 million yuan in main funds. GigaDevice, JAC Automobile, and Montage Technology received the top net inflows of main funds; Tianfu Communications suffered a net sale of more than 400 million yuan, and Shanghai Electric Co., Ltd., Youyan New Materials, and Shennan Circuits ranked first in net outflows of funds. A[Morning News Selection on October 16th]
1. According to the spokesperson of the Ministry of Foreign Affairs, Li Qiang will visit Uzbekistan and Tajikistan, attend the 25th meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organization member states, and go to Russia to hold the 31st regular meeting between the prime ministers of China and Russia.
2. When attending the G20 Finance Ministers and Central Bank Governors Meeting, Pan Gongsheng said that the People's Bank of China will continue to implement moderately loose monetary policies to create a good monetary and financial environment for China's stable economic growth and the smooth operation of financial markets.
3. When attending the meeting of G20 finance ministers and central bank governors, Lan Fo'an stated that more proactive fiscal policies will be implemented accurately and effectively to promote the continued development of the economy in a new and better direction and inject confidence and certainty into the world economy.
4. In response to the recent significant increase in the interest in long-term government bond yield trading, some securities firms and banks have received reminders from regulatory authorities, requiring relevant institutions to strengthen bond investment risk management.
5. The Sichuan Communications Administration issued the “15th Five-Year Plan for the Development of Information and Communications Industry in Sichuan Province”. The "Plan" proposes that by 2030, a key information infrastructure backup base serving the national strategic hinterland, an information and communication highland leading the digital and intelligent development of the western region, and a nationally influential network province will be built.
6. In response to the "breakage problem of the Zunjie V800 car brake pedal bracket" reported on the Internet, the Ministry of Industry and Information Technology and other three departments set up a joint investigation team to conduct verification and handle it in accordance with laws and regulations. The relevant situation will be announced in time.
7. Tuojing Technology announced that the chairman proposed to repurchase shares of 200 million to 300 million yuan; Pengding Holdings announced that the chairman proposed to repurchase shares of 300 million to 500 million yuan; Baiwei Storage announced that the controlling shareholder proposed to repurchase A shares of 200 million to 250 million yuan to cancel and reduce registered capital; Tianfu Communications announced that the controlling shareholder proposed to repurchase A shares of 100 million to 150 million yuan; Xinyi Sheng announced that the controlling shareholder proposed to repurchase A shares of 800 million to 1 billion yuan.
8. Shanghai Electric Co., Ltd. announced that the controlling shareholder proposed a cash dividend of no less than 2.2 billion yuan in 2026.
9. Zhongke Sugon announced that its net profit in the first three quarters increased by 78.48% year-on-year; Ganfeng Lithium announced that its net profit in the first three quarters increased by 19,541% year-on-year; Han's CNC announced that its net profit in the first three quarters increased by 214% year-on-year.
10. Shennan Circuit announced that its net profit in the first three quarters is expected to increase by 74%-78% year-on-year; Guangxun Technology announced that its net profit in the first three quarters is expected to increase by 65%-82% year-on-year; Haiguang Information announced that its net profit in the first three quarters is expected to increase by 38%-52% year-on-year; Rockchip Weibo announced that its net profit in the first three quarters is expected to increase by 68%-73% year-on-year; Longsys announced that its net profit in the first three quarters is expected to increase by 1865%-1991% year-on-year; Fudan Microelectronics announced that its net profit in the first three quarters is expected to increase by 188%-248% year-on-year.
11. CICC Gold announced that its net profit in the first three quarters is expected to increase by 50%-58% year-on-year; Han's Laser announced that its net profit in the first three quarters is expected to increase by 145%-157% year-on-year; Muxi Shares announced that its net profit in the first three quarters is expected to be 5.8% 700 million to 717 million yuan, turning a loss into a profit year-on-year; Guangku Technology announced that its net profit in the first three quarters is expected to increase by 142%-162% year-on-year; Hengyi Petrochemical announced that its net profit in the first three quarters is expected to increase by 3319%-3405% year-on-year.
12. Fed Hammaker said that if public inflation expectations deteriorate, the Fed may need to take more aggressive actions to respond.
13. The U.S. PPI in September increased by 6.3% year-on-year, and was estimated to be 5.3%; it increased by 1.3% month-on-month, and was estimated to be 0.6%.
14. Israeli officials said that the United States and Israel are consulting on a plan to attack Iran.
15. The U.S. Central Command stated that Iran’s Islamic Revolutionary Guard Corps’ statement that it controls the Strait of Hormuz is untrue. The United States and its regional partners still control the relevant waters and commercial ships continue to pass through.
16. Russian President Vladimir Putin stated that Russia will respond to attacks launched by Ukraine on Russian oil refineries and other logistics and energy facilities.
17. Cook said that the Apple smart phone and related Alibaba Qianwen large model have indeed been approved and will release a test version later in October; but Siri AI is not included.
18. Google Quantum Artificial Intelligence released a major breakthrough in quantum computing, and the Willow chip project broke through key resource bottlenecks.
19. Meta released the open weight model Muse Spark Open and cooperated with Apple to promote this model to run locally on Mac computers.
20. Some investors attending Anthropic’s investor day event on Wednesday discussed a valuation of about $1.5 trillion, people familiar with the matter reported.
21. TSMC expects the company’s fourth-quarter sales to be US$52.3 billion to US$54.3 billion; the demand for CPUs for AI robots is growing, and the demand still far exceeds the current supply capacity.
22. The three major U.S. stock indexes collectively closed higher. The Dow rose 1.08%, the Nasdaq rose 0.08%, and the S&P 500 rose 0.33%. The Philadelphia Semiconductor Index once fell more than 4% and finally closed down 0.88%, marking the seventh consecutive day of decline. The Storage Concept Index opened lower and closed higher.
23. The settlement price of WTI crude oil futures rose 3.03%, and the settlement price of Brent crude oil futures fell 0.13%; COMEX gold futures closed up 2.06%, and COMEX silver futures rose 3.09%. A[Overnight global news you need to know on Friday: The three major U.S. stock indexes collectively closed higher, and the storage sector opened lower and moved higher; Meta released the open-weighted model Muse Spark Open; Israeli officials said the United States and Israel are negotiating on a plan to attack Iran]
1. Fed Hammaker said that successive supply shocks may trigger inflationary thinking. If public inflation expectations deteriorate, the Fed may need to take more radical actions to deal with it.
2. The U.S. PPI increased by 6.3% year-on-year in September, estimated at 5.3%, and the previous value of 5.4%. The U.S. PPI increased by 1.3% month-on-month in September, which was expected to be 0.6%. In September, PPI rose at the fastest rate in more than four years, and the impact of rising energy costs was further transmitted to the economy.
3. Freddie Mac said in a statement Thursday that the average interest rate on 30-year fixed-rate mortgages remained at 7.4%. The rate is hovering at its highest level since November 2023.
4. Data from the Investment Company Institute (ICI) show that the asset size of U.S. money market funds dropped to $7.92 trillion.
5. The U.S. Central Command stated that Iran’s Islamic Revolutionary Guard Corps’ statement that it controls the Strait of Hormuz is untrue. The United States and its regional partners still control the relevant waters and commercial ships continue to pass through.
6. A spokesman for the multinational coalition led by Saudi Arabia said at a press conference that Yemen’s Houthi armed forces have killed 17 people and injured 333 people in attacks on King Khalid International Airport in Riyadh since October.
7. Israeli officials said that the United States and Israel are consulting on a plan to attack Iran.
8. When communicating with people from the country’s business community, Russian President Vladimir Putin stated that Russia will respond to attacks launched by Ukraine against Russian oil refineries and other logistics and energy facilities.
9. India has set the windfall profit tax on gasoline exports at 2.5 rupees per liter and diesel export windfall tax at 8.5 rupees per liter, effective from October 16.
10. MSCI implemented a freeze on the Türkiye index; MSCI initiated consultations on Indonesia’s proposal to reclassify from an emerging market to an independent market status.
11. The Chicago Board Options Exchange (Cboe) announced that its Cboe Options Exchange (C1) will add morning and after-closing trading sessions for designated stock and ETF options starting next Monday. Options on popular companies such as Alibaba, Nvidia, and Apple are covered by the announcement.
12. Meta released the open weight model Muse Spark Open and cooperated with Apple to promote this model to run locally on Mac computers.
13. Google Quantum Artificial Intelligence released a major breakthrough in quantum computing, and the Willow chip project broke through key resource bottlenecks.
14. Some investors attending Anthropic’s investor day event on Wednesday discussed a valuation of about $1.5 trillion, people familiar with the matter reported. Some investors were disappointed by slower quarter-on-quarter growth in the latest quarter.
15. UniCredit Bank of Italy has officially received approval from the European Central Bank to complete the acquisition of control of Commerzbank.
16. The three major U.S. stock indexes collectively closed higher. The Dow rose 1.08%, the Nasdaq rose 0.08%, and the S&P 500 rose 0.33%. The Philadelphia Semiconductor Index once fell by more than 4% and finally closed down 0.88%, marking the seventh consecutive day of decline. The Storage Concept Index opened lower and closed higher.
17. COMEX gold futures closed up 2.06% at US$4,192.5 per ounce; COMEX silver futures rose by 3.09% at US$57.605 per ounce.
18. The settlement price of WTI crude oil futures was US$97.97/barrel, an increase of US$2.88, or 3.03%. Brent crude oil futures settled at $105.92 per barrel, down $0.14, or 0.13%. A[The Philadelphia Semiconductor Index fell 3.65% at the opening and stocks in the AI hardware sector plummeted] On October 15th, the Philadelphia Semiconductor Index fell 3.65% at the opening and is now at 11,257 points. NVIDIA's stock price fell 3.09%, TSMC's stock price fell 4.22%, Broadcom's stock price fell 2.55%, SK Hynix's stock price fell 5.7%, Micron Technology's stock price fell 4.05%, AMD's stock price fell 5.48%, ASML's stock price fell 2.25%, Intel's stock price fell 5.51%, Lam Group's stock price fell 4.66%, Applied Materials' stock price fell 3.59%, ARM's stock price fell 4.13%. B[Han’s Laser: Net profit is expected to increase by 145%-157% year-on-year in the first three quarters of 2026] On October 15th, Han’s Laser (002008.SZ) announced that the net profit attributable to shareholders of listed companies in the first three quarters of 2026 is expected to be 2.120 billion-2.220 billion yuan, a year-on-year increase of 145.55%-157.13%. The performance changes are mainly due to the substantial year-on-year growth in orders and operating income from multiple business segments such as PCB special equipment, consumer electronic equipment, lithium battery and semiconductor equipment, and general industrial laser processing equipment. As of the end of 2025, the company has approximately 8.9 billion yuan of undelivered orders on hand, and new orders signed in the first three quarters of 2026 will be approximately 24.3 billion yuan, a year-on-year increase of approximately 90%. Xiaocai Note: The company's Q3 net profit is expected to be 832 million-932 million, and Q2 net profit is 934 million. Based on this calculation, Q3 net profit is expected to change -10%-0% month-on-month. A[Hong Kong’s Hang Seng Technology Index closed down 2.72%, with the optical communications and semiconductor sectors leading the decline] On October 15th, Hong Kong’s Hang Seng Technology Index closed down 1.03%, and the Hang Seng Technology Index fell 2.72%. Optical communications and semiconductor sectors were among the top decliners. YOFC Optical Fiber and Cable fell by more than 13%, Tianshu Smart Core fell by more than 13%, Biren Technology fell by more than 11%, Montage Technology fell by more than 11%, Haiguangxin fell by more than 8%, and Cambridge Technology It fell 8%, Huahong Grace fell nearly 8%, Zhongji InnoLight fell more than 7%, and SMIC fell nearly 4%; large model stocks fell, Zhipu fell more than 10%, MINIMAX fell more than 12%; Lenovo Group fell more than 14%. B[The State Administration for Market Regulation announced unconditional approval of concentration of undertakings cases from September 28 to October 4, 2026] On October 15, the State Administration for Market Regulation released a list of cases of unconditional approval of concentration of undertakings from September 28 to October 4, 2026. Specific cases include: Abu Dhabi Maritime Operations and Services Co., Ltd. and Hanwha Transport Co., Ltd.'s new joint venture case, Strix Corporation's acquisition of the equity of Verizon United Semiconductor Co., Ltd., China National Travel Service China International Logistics Co., Ltd. and SIPG Logistics Co., Ltd.'s new joint venture case, EQT Fund Management Co., Ltd.'s acquisition of Tianxiang Group Co., Ltd.'s equity case, Ingredion's acquisition of Taylor's equity, Beijing Xingcheng Urban Construction Development Co., Ltd. and Beijing Gas Energy Development Co., Ltd.'s new joint venture case, Stellantis N.V. and Wuxi Tianqi Investment Holding Co., Ltd. and other operators to establish a new joint venture, and China Electrical Equipment Group Green Energy Technology Co., Ltd. and China Resources Power Holdings Co., Ltd. to establish a new joint venture.
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