Brokerages have updated ratings and target prices for a range of Hong Kong-listed stocks, including Zhihu (02513), Minimax (00100), Haier Smart Home (06690), CSPC Pharmaceutical Group (01177), Anhui Conch Cement (00914), China Resources Building Materials (01313), China National Building Material (03323), CMOC Group (03993), MMG (01208), Jiangxi Copper (00358), China Nonferrous Mining (01258), GAC Group (02238), China Life Insurance (02628), New China Life Insurance (01336), China Pacific Insurance (02601), China Taiping Insurance (00966), PICC Property and Casualty (02328) and PICC Group (01339), according to ETNet. In a separate list of earlier calls, brokers also revised views on BYD (01211), Galaxy Entertainment (00027), Sands China (01928), Wynn Macau (01128), MGM China (02282), Longfor Group (00960), China Overseas Land & Investment (00688), China Resources Land (01109), China Resources Mixc Lifestyle Services (01209), Shimao Group (00813), China Jinmao (00817), CNOOC (00883), Sinopec (00386) and PetroChina (00857).

Techtronic Industries (00669) recorded a pre-market trade of 714,500 shares at HK$126.26 each at 9:05 AM, 0.1% below the previous close, according to ETNet. The transaction involved one lot and was worth HK$90.21 million.

Stock exchanges and brokers could be among the biggest beneficiaries of the Securities and Exchange Board of India’s proposed changes to the newly launched closing auction system, according to Bloomberg. Market makers may face tighter constraints under the proposal.

TSMC’s 3nm and 2nm advanced process capacity, along with CoWoS advanced packaging, remains in short supply as demand stays strong in late Q3 2026. According to ChainCatcher, NVIDIA and Apple continue to absorb much of the advanced process and packaging supply, while Amazon Web Services’ Annapurna has recently increased AI chip tape-outs and secured more 3nm capacity. MediaTek is also competing for 2nm and 3nm capacity and CoWoS-S/L supply, driven by large orders tied to Google TPU-related chips. Market reports said TSMC has recently adjusted its capacity allocation, and MediaTek’s 3nm and 2nm scheduling has been fine-tuned after winning the Google TPU order. The next-generation TPU v9 is expected to use both TSMC CoWoS-L and Intel EMIB-T. TSMC’s main 3nm customer is now NVIDIA, which surpassed Apple as the largest customer in 2025, while 2nm demand is led by Apple and others. TSMC has accelerated expansion since early 2026. By the end of October, 2nm monthly capacity at Hsinchu Baoshan Fab 20 and Kaohsiung Fab 22 is expected to reach 50,000 wafers each, or about 100,000 wafers combined, while 3nm monthly capacity in Tainan is expected to reach about 185,000 wafers. Overall utilization was about 96.2% at the end of September, with processes from 16nm and 12nm down to 2nm running at 100%. Packaging shortages have also pushed advanced packaging orders outward, with ASE Group’s SPIL taking priority, followed by Amkor and Powertech. Powertech’s related testing and packaging capacity is fully booked, with order visibility extending to 2028.

a16z partner Josh Elman said product management is about storytelling, recalling that he began his career as an engineer at RealNetworks and worked on the product and engineering teams for RealPlayer, which had hundreds of millions of users. According to ChainCatcher, he said he was later interviewed by Reid Hoffman for LinkedIn and was asked what a product manager’s output is; he first answered a specification document, but later said that was the wrong answer and that the real output is a story people can pass along without him present. Elman said he once wrote a 120-page specification document at LinkedIn. He added that AI has collapsed the cost of making products and reversed the development loop, shifting the process from specifications and scope to building and experience. He said teams should use AI to quickly build prototypes, see how they feel, and then design and release after the prototype proves better than assumptions. He also said demos are now nearly free while working products are not, making decisions about what to build a debate over influence. Elman said vision consists of purpose, core actions, and cycles, and that teams should ask whether people are truly using the product. He added that guiding users is the most important moment in storytelling.

Mike Novogratz said on X that if the Clarity Act does not advance tomorrow, the U.S. could be unable to secure crypto regulation for a long time, or even permanently. According to Odaily, he said this would hurt the U.S. and push more of the industry overseas, adding that the digital and blockchain revolution will continue and urging bipartisan senators to focus on the bigger picture.

Catcher Predict reported sharp volatility in the Polymarket submarket for the Chicago White Sox vs. Cleveland Guardians event, with the Chicago White Sox option rising from 37.5% one hour earlier to 95.6% at the time of monitoring. According to ChainCatcher, the move reflected a 58.1% swing and may have been influenced by breaking news.

AI drone company Shield AI is in talks to raise a new round at a valuation of at least $20 billion, according to The Information. According to ChainCatcher, this comes six months after the company closed its $2 billion Series G round at a $12.7 billion valuation. The company expects revenue to grow more than 80% this year to at least $540 million.

比特币有助于优化私募市场投资组合。从历史表现来看，即便配置比例很低，该资产也能提升风险调整后收益。

特朗普连续发帖为AI狂飙和数据中心建设辩护，直斥AI末日论和数据中心反对声是“骗局”，警告不要扼杀美国AI领先优势，甚至称真正需要的AI“护栏”是一位强大而聪明的总统。

金色财经推出加密货币和区块链行业早报《金色早8点》3182期，为您提供最新、最快的数字货币和区块链行业新闻。

同是回购型代币，市场给PONS的估值只有0.9倍PE，HYPE却拿到29倍。陡峭的估值曲线背后，是现金流确定性与「被验证程度」的定价逻辑。

Elon Musk endorsed Amodei's position on X, writing simply "Dario is right"

奥特曼宣布OpenAI放弃2026年上市计划。营收130亿、净亏385亿的现金黑洞背后，是一场关于估值、监管与算力军备的三重博弈。

零息可转债、溢价转股，智谱再融50亿美元。烧钱无底洞之后，它把新故事押在了自训练模型上，资本市场还愿意买账吗？

48小时连发四条帖子，马斯克罕见对AGI亮出警惕底色，直言AI失控比核武器更可怕。但同一时间，他的xAI仍在全速推进训练与算力扩张。

Robinhood Chain 已跑出高交易量与收入，代币化股票、Launchpad 与 DEX 生态加速成型，而真正的零售用户红利尚未释放。

AI连破数学难题，陶哲轩与斯特罗加茨等数学家直面"失去人类理解能力"的边缘。