News

India's preliminary October services PMI was 56.2, below the expected 55.5 and the previous reading of 55.2.

India's preliminary composite PMI for October was 56.7, below the expected 56.1 and the previous reading of 55.9.

India's preliminary manufacturing PMI for October was 54.9, below the expected 55 and the previous reading of 55.1.

Ukrainian energy company DTEK: A Russian attack hit one of its power plants.

The US Ambassador to the UN stated that the current model of the UN Interim Force in Lebanon is unsustainable. Consultations are underway with France, Israel, and Lebanon regarding alternatives to the UN Interim Force.

JPMorgan Chase raised its price target for Procter & Gamble (PG.N) from $162 to $180.

According to the Financial Times, the US ambassador to the United Nations believes it is time for the UN interim force in Lebanon to withdraw.

According to the Financial Times, Rolls-Royce is close to reaching a taxpayer-funded agreement to develop new engines in the UK.

Indian Oil Corporation: Natural gas discovered in offshore block of Krishna-Godavari Basin.

JPMorgan Chase: Raises its price target for Nasdaq (NDAQ.O) from $120 to $122.

According to the Financial Times, Ukraine is seeking to move customs checks to the EU to avoid Russian drones.

According to the Financial Times, Ukraine is in talks with Poland and Slovakia to move customs checks to the two countries in an effort to improve the security of truck transport.

According to the Financial Times, the United States is prepared for a prolonged standoff with Iran.

Australia's energy market operator reported that gas-fired power generation in the national electricity market averaged 881 megawatts in the three months to September, the lowest third-quarter level since 2000. Coal-fired power's share of total generation fell to 52.2%, while renewable energy accounted for a record 44.3%.

JPMorgan Chase raised its price target for Western Digital (WDC.O) from $600 to $650.

The U.S. Department of Agriculture will provide $34.1 million to support the development of the purple sweet potato industry in the Philippines. The project funds will come from the sale of nearly 40,000 metric tons of U.S. soybean meal.

The yield on Japan's two-year government bonds fell 6 basis points to 1.840%.

The yield on Japan's 5-year government bonds fell 10.5 basis points to 2.185%.

Zai Lab (09688.HK) once fell by more than 6% after the company planned a private placement of 11.34 million American Depositary Shares, raising net proceeds of approximately US$241 million.

The Hang Seng Index (HSI) opened 93.3 points higher, or 0.41%, at 23,027.98 on Friday, October 23. The Hang Seng Tech Index opened 19.5 points higher, or 0.51%, at 3,813.43 on Friday, October 23. The Hang Seng China Enterprises Index (HSCEI) opened 55.37 points higher, or 0.72%, at 7,744.56 on Friday, October 23. The Hang Seng Red Chip Index (HSC) opened 17.49 points higher, or 0.46%, at 3,852.66 on Friday, October 23.