Rising expectations of a Democratic sweep of Congress are roiling financial markets! US stock futures, the dollar, Bitcoin and copper prices are all under pressure in unison, while US Treasuries are instead drawing strong demand.

Preliminary results from the US midterm elections show a rising likelihood that Democrats will win majority seats in both chambers of Congress. This risk is now spilling over into financial markets.

40 m ago

A-share Midday Review | Shanghai Composite Index down 0.10%, semiconductors strengthen, "Yang"-related stocks hit limit-down in batches

The market showed a pattern of "narrow index fluctuations, more decliners than advancers, and divergence between technology hardware and theme stocks."

48 m ago

U.S. midterm election betting volume surges; prediction markets wager on Democrats sweeping both chambers

As U.S. midterm election betting volume surges, prediction markets are increasingly pricing in expectations of a Democratic sweep.

1 h ago

2026 World Internet Conference Opens: Waterdrop, Inc. ADR Class A (WDH.US) Shen Peng Discusses AI Industry Applications in Wuzhen

On November 3, the 2026 World Internet Conference Wuzhen Summit opened in Wuzhen, Zhejiang.

1 h ago

EVEREST MED (01952) Hosts Another mRNA R&D Day as Its Proprietary Platform Enters the Clinical Validation Stage

From a platform layout perspective, Everest Medicines is advancing the coordinated development of its proprietary AI neoantigen sequence prediction algorithm and mRNA/LNP technology, and has built a cutting-edge pipeline covering personalized neoantigen vaccines, universal tumor vaccines, immunomodulatory vaccines, and in vivo CAR-T.

1 h ago

John Lee: Hong Kong and Beijing will further strengthen cooperation in three key areas in the future.

The Beijing-Hong Kong Economic Cooperation Symposium has been held since 1997, and over nearly three decades it has yielded fruitful results and rich rewards.

1 h ago

JP Morgan: Memory fundamentals remain solid; still bullish on SK Hynix (SKHY.US), Samsung, and Kioxia

J.P. Morgan believes memory fundamentals remain solid and prices are expected to stay elevated in 2027, but there are no near-term catalysts.

1 h ago

All three major indices turned negative, with the ChiNext Index previously rising more than 1.3% at one point.

Latest news

1 h ago

Goldman Sachs: Raises Hong Kong's 2026 GDP growth forecast to 5%, 2027 forecast up to 3.1%

Goldman Sachs raised its 2026 GDP growth forecast for Hong Kong from 4.2% to 5%, and its 2027 forecast from 2.4% to 3.1%, mainly reflecting stronger-than-expected third-quarter economic growth and continued support for the trade and logistics sectors from the ongoing AI capital expenditure cycle.

2 h ago

Arista Networks (ANET.US) Q3 Earnings Call: CEO Says More Than 100 Ethernet AI Customers, Entering AI Super Cycle; First-Time Guidance of US$18.5 Billion Revenue for 2027

Arista Networks released its third-quarter 2026 results for the period ended September 30 and held an earnings call after market close the same day.

2 h ago

From breaking below the issue price to firmly holding above it, does Estun Automation (02715)'s Q3 report hide a "profit revaluation" card?

The value of this earnings report goes far beyond the growth in numbers.

2 h ago

Super Micro Computer, Inc. (SMCI.US) Q1 Earnings Call: Sequential Decline in Gross Margin Does Not Mean AI Business Lacks Profitability; Days Sales Outstanding Decreased

Super Micro Computer released its fiscal year 2027 first-quarter results after the market close on Tuesday and held an earnings conference call.

2 h ago

Ministry of Commerce: China's total services imports and exports reached RMB5.76877 trillion in the first nine months, up 8.5% year on year.

Recently, the head of the Department of Trade in Services and Commercial Services of the Ministry of Commerce introduced the development of trade in services from January to September 2026.

2 h ago

A-share Market Open Brief | The three major indices opened mixed, with the precious metals sector leading gains.

On November 4, the Shanghai Composite Index opened 0.08% lower at 3,605.39 points, the Shenzhen Component Index opened 0.17% higher at 10,895.80 points, the ChiNext Index opened 0.33% higher at 2,399.46 points, and the STAR 50 Index opened 0.09% higher at 1,152.34 points.

2 h ago

National Bureau of Statistics: In late October, prices of 17 major production materials in the circulation sector rose, 28 fell, and 5 remained flat.

On November 4, the National Bureau of Statistics released the price changes of important production materials in the circulation sector for late October 2026.

2 h ago

Nasdaq 100 futures extend losses to 2%, S&P 500 futures down 0.85%, Dow futures down 0.35%.

Latest news

2 h ago

AMD (AMD.US) Q3 Earnings Call: Lisa Su Responds to Supply Constraints, Expects Revenue Growth of Over 80% in 2027

AMD (AMD.US) held its Q3 fiscal year 2026 earnings conference call after the U.S. market close on November 3, Eastern Time.

3 h ago

Amgen (AMGN.US) Q3 Earnings Call: Raises Full-Year Revenue and EPS Guidance; Management Expects Very Rapid First-Line Uptake of IMDELLTRA

The most closely watched topic on this earnings call was not the magnitude of the beat, but the first-line maintenance data for IMDELLTRA (tarlatamab) presented at the ESMO Congress.

3 h ago

Algernon Yau attends APEC Ministerial Meeting via video conference, stresses importance of strengthened cooperation among member economies

On the evening of November 3, the Secretary for Commerce and Economic Development of Hong Kong, Algernon Yau, attended the 37th Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting held via video conference.

3 h ago

PBOC: Starting from November 4, 2026, the interest rate on relending for stock repurchases and increased holdings will be lowered by 0.25 percentage points to 1%.

The People's Bank of China is stepping up implementation of the relending policy for stock repurchases and increased holdings.

3 h ago

The "Goldilocks" rally may be over! Citi's model turns bearish on tech stocks as funds shift heavily into defensive sectors.

Citi noted in its latest research report that its fund flow model has completed a decisive withdrawal from the tech sector, establishing materials, communication services, and healthcare as priority long positions while pushing tech into net short territory.

3 h ago

Commodity futures open

Low sulfur fuel oil fell 4.65% consecutively, fuel oil fell 3.37% consecutively, tin fell 3.18% consecutively, caustic soda rose 2.96% consecutively, and palm oil fell 2.40% consecutively.

Latest news

3 h ago

A-share Pre-market Briefing | Nasdaq rises 0.83%; brokerage wins RMB34 billion bid; electronic cloth prices increase

The Nasdaq rose 0.83%, and the Philadelphia Semiconductor Index rose 2.64%.

3 h ago

Broker morning meeting highlights | November equities to be mainly range-bound with recovery; confirmation of market bottom still requires capital inflow

Guotai Haitong believes that equities in November will be mainly range-bound with recovery, and confirmation of the market bottom still requires capital inflow.

3 h ago

TRANSWARP (06727) First Financial Report Since Listing: Revenue Growth Accelerates, New Products Launched, Global Footprint Steadily Expands

In September 2026, Transwarp Technology listed on the Hong Kong stock market, formally establishing an "A+H" dual capital platform.

3 h ago

Competitor becomes the supplier's "new owner"! BofA: Marvell Technology's acquisition of Lumentum may prompt Cisco and Ciena to seek alternative sources

Bank of America analysts said Marvell Technology's acquisition of Lumentum could prompt Ciena and Cisco to diversify their optical component suppliers.

4 h ago

KINGFARPROPERTY (01354) will distribute an interim dividend of RMB0.2 per share on December 18.

KINGFARPROPERTY (01354) announced that it will distribute an interim dividend of RMB0.2 per share on December 18, 2026.

4 h ago

Goldman Sachs trader warns of a "stealth bear market": the S&P 500 is just 3% from a record high, while 60% of its constituents are already in bear market territory

The S&P 500 is only about 3% away from its latest record high, yet 60% of the benchmark index's constituent stocks are mired in bear market territory.

4 h ago

CSTONE PHARMA-B (02616) has entered into a clinical development collaboration with Kimia Therapeutics to jointly advance an innovative drug candidate targeting a key repair pathway in solid tumors.

CSTONE PHARMA-B (02616) announced that the company has entered into a collaboration with Kimia Therapeutics, Inc. ("Kimia"), a biopharmaceutical company focused on the research and development of innovative oncology and immunology drugs. The two parties will jointly advance the clinical development of a solid tumor drug candidate with first-in-class potential that targets a key DNA damage response (DDR) pathway critical to solid tumor survival. CSTONE PHARMA will lead the clinical development of the candidate drug in mainland China and Australia.

4 h ago

CKLIFE SCIENCES (00775): Shunpu Pharmaceutical Technology to Present Latest Preclinical Data for Two Cancer Vaccines at SITC 2026 Annual Meeting

CKLIFE SCIENCES (00775) announced that its wholly-owned subsidiary Sequencio Therapeutics Company Limited ("Sequencio Therapeutics") will present the latest research data from its leading cancer vaccine programs, namely the TROP2 circRNA-LNP vaccine and the PD-L1/PRAME dual-antigen vaccine, at the Society for Immunotherapy of Cancer (SITC) 2026 Annual Meeting to be held in Phoenix, Arizona, USA.

4 h ago

After a five-month selloff, is a turnaround finally in sight? On expectations of a Democratic victory, funds are betting on a rebound in clean energy stocks, with options trading volume surging.

As prediction markets bet on a major Democratic victory in Tuesday's U.S. midterm elections, traders are putting money into a group of stocks that investors typically classify as beneficiaries of a left-leaning governing environment, including clean energy shares.

4 h ago

China Securities Co., Ltd. Overseas 2027 Investment Strategy: Hang Seng Tech Awaits AI Narrative Re-rating; US Stocks Focus on Software-Hardware Rebalancing

In terms of sectors, we prioritize sectors with high shareholder returns, vertical e-commerce and gaming sectors with weak macro correlation, and select AI directions.

4 h ago

GENFLEET-B(02595): Multiple innovative combination therapies of the oral pan-RAS inhibitor GFH276 have recently received clinical trial approval, with clinical studies being conducted in China or overseas for first-line and later-line treatment of major-indication tumor types.

GenFleet Therapeutics-B (02595) announced that since the third quarter of this year, multiple innovative combination therapies of the oral pan-RAS inhibitor GFH276 have received clinical trial approval from China's CDE or completed clinical trial filing with Australia's TGA. The related studies cover first-line and later-line treatment of multiple major-indication tumor types with RAS mutations, and some trials have already enrolled patients at multiple dose levels.

5 h ago

"1+1" is not yet greater than 2: Skyworks Solutions, Inc. (SWKS.US) combined revenue down 7% quarter-over-quarter, US$500 million synergy target to take two and a half years

The guidance for the first fiscal quarter after Qorvo's consolidation (the first quarter of fiscal 2027) is: combined revenue of US$1.8 billion to US$1.9 billiona midpoint of approximately US$1.85 billion, of which legacy Skyworks contributes about US$1.07 billion and legacy Qorvo about US$780 million, representing a quarter-over-quarter decline of approximately 7% from the two companies' combined September-quarter revenue of about US$1.98 billion.

5 h ago

ECB Governing Council member Nagel: Inflation outlook is deteriorating increasingly; may have to raise rates in December.

Nagel said that because the inflation outlook is deteriorating increasingly, the ECB may have to raise borrowing costs next month.

5 h ago

AMD (AMD.US) Strongly Reassures Wall Street's AI Anxiety: Q3 Results and Guidance Both Beat Expectations; Instinct and Helios Accelerate on Two Fronts, Taking Aim at NVIDIA Corporation

Amid recent market doubts about AI investment returns and Intel's weak guidance weighing on the semiconductor sector, AMD's data center business still achieved nearly doubled growth and provided stronger-than-expected guidance for the next quarter, offering fresh validation of AI infrastructure demand.

5 h ago

Astera Labs (ALAB.US) Q3 results and guidance beat expectations; Scorpio jumps to become the largest product line by revenue

Astera Labs (ALAB.US) released its Q3 2026 earnings report after the U.S. market close on November 3.

5 h ago

Surges after hours! Arista Networks (ANET.US) Q3 revenue and profit growth hit a record high, Q4 guidance beats expectations.

Arista Networks released its third-quarter 2026 results for the period ended September 30.

5 h ago

Booking (BKNG.US) Q3 total bookings of $54.5 billion beat expectations; adjusted EPS jumps 17%; Q4 guidance turns cautious due to Middle East situation

Booking Holdings (BKNG.US), the world's largest online travel company, released its third-quarter 2026 results after the U.S. market close on Tuesday. Total bookings, room nights, and adjusted earnings metrics for the quarter all exceeded market expectations, with adjusted earnings per share surging 17%.

6 h ago

CMS (00867): Marketing Authorization Application for Innovative Drug Ruxolitinib Phosphate Cream Approved in Singapore

CMS (00867): Marketing Authorization Application for Innovative Drug Ruxolitinib Phosphate Cream Approved in Singapore China Medical System (00867) announced that Rxilient Medical, a subsidiary of the Group, obtained approval from the Health Sciences Authority of Singapore (HSA) on November 3, 2026 for the new drug application (NDA) of Ruxolitinib Phosphate Cream (the "Product" or "Lumirix") for the indication of vitiligo. The Product is indicated for the treatment of non-segmental vitiligo with facial involvement in adolescents and adults aged 12 years and older. It is the first and only topical prescription drug in Singapore that directly targets the pathophysiological mechanism of vitiligo, addressing long-term unmet clinical needs.

6 h ago

Amgen (AMGN.US) Q3 revenue and profit beat expectations, and it raised its full-year guidance.

Amgen (AMGN.US) released its Q3 2026 report.

6 h ago

Super Micro Computer, Inc. (SMCI.US) Q1 revenue surged nearly 3-fold year-over-year to a record high, while operating cash flow remained negative.

Driven by demand for AI data center infrastructure, Super Micro Computer's quarterly revenue hit a record high, nearly tripling year-over-year, while net profit grew more than 8-fold year-over-year.

6 h ago

On US midterm election day, the dollar strengthened; rising Treasury yields provided support; US-Iran tensions may dominate the market's subsequent direction.

The dollar strengthened on Tuesday during voting in the US midterm elections, supported by rising US Treasury yields and solid economic data.

6 h ago

Overnight US stocks | Investors await U.S. midterm election results; S&P 500 halts three-day losing streak; AMD (AMD.US) rises over 9% after hours.

At the close, the Dow Jones Industrial Average fell 197.12 points, or 0.38%, to 51,786.86; the S&P 500 rose 27.55 points, or 0.37%, to 7,568.95; and the Nasdaq Composite rose 207.65 points, or 0.83%, to 25,372.01.

6 h ago

Bank of Canada says government spending has not fueled inflation; heavy crude discount hits eight-year high.

Bank of Canada Governor Tiff Macklem said the government's fiscal plans have not yet noticeably pushed up inflation, but disagreement persists in the market over fiscal stimulus versus interest rate hike policy. Meanwhile, affected by rising international transportation costs and intensifying competition, the discount on Canadian heavy crude has widened to its highest level in eight years.

6 h ago

AMD (AMD.US) Q3 revenue grew 45% year-over-year, hitting a record high; data center business revenue nearly doubled.

Data shows the company's third-quarter revenue reached US$13.377 billion, up 45% year-over-year and 16% quarter-over-quarter, hitting a record high.

6 h ago

AMD Revenue Outlook Beats Expectations on Strong AI Chip Demand

As Nvidia's main challenger in the AI chip sector, AMD issued a revenue forecast that exceeded analysts' expectations, indicating that demand for data center processors remains strong. AMD said in a statement on Tuesday that it expects fourth-quarter revenue of $17 billion, plus or minus 3%. By comparison, the average analyst estimate was $16.3 billion. The latest outlook further demonstrates the durability of AI spending and may help ease investors' nerves. In recent weeks, shares of chipmakers and other technology companies have been hit hard amid market concerns that a bubble exists in the AI infrastructure industry. Under the leadership of CEO Lisa Su, AMD has become one of the most important suppliers of processors and computing equipment, underpinning a large number of emerging AI services. AMD Chief Financial Officer Jean Hu said in the statement: "Our fourth-quarter outlook reflects accelerating revenue and profit growth, driven by strong demand across our data center product portfolio." After the earnings release, AMD shares rose about 6% in after-hours trading. Even after recent volatility, the stock is still up more than twofold year to date. The company's market value reached $1 trillion in September, placing it among the few companies to reach that scale.

Latest news

7 h ago

US stocks close: The three major stock indices closed mixed.

The Dow fell 0.38%, the S&P 500 rose 0.37%, and the Nasdaq rose 0.80%. Fiserv rose 12.49%, BE rose 9.05%, DuPont rose 8.66%, RVTY rose 7.94%, Gartner fell 13.29%, Thomson Reuters fell 9.93%, and Sysco fell 9.33%. Among the "Magnificent Seven": Microsoft rose 2.70%, Meta Platforms rose 2.33%, Nvidia rose 2.26%, Amazon rose 2.09%, Google rose 0.09%, Tesla fell 1.32%, and Apple fell 1.97%.

Latest news

7 h ago

Reuters: SK Hynix's $45 billion NAND chip plant plan in New York State, USA, has been hindered.

Latest news

9 h ago

Hope for US-Iran peace talks is rising! International oil prices fell for a second consecutive day, with WTI crude briefly dropping below $95.

International oil prices fell on Tuesday for a second consecutive trading day, as rising expectations that the United States and Iran will end their eight-month conflict through diplomatic negotiations eased investors' concerns about sustained disruptions to Middle East energy supplies.

12 h ago