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Both of Hong Kong's largest model stocks fell, with MINIMAX-W (00100.HK) dropping more than 10% and Zhipu (02513.HK) falling more than 5%.

The Hang Seng Index (HSI) opened 63.59 points higher, or 0.28%, at 23,156.96 on Monday, October 26th; the Hang Seng Tech Index opened 16.48 points higher, or 0.43%, at 3,888.14 on Monday, October 26th; the Hang Seng China Enterprises Index opened 21.43 points higher, or 0.28%, at 7,777.68 on Monday, October 26th; and the Hang Seng Red Chip Index opened 3.12 points higher, or 0.08%, at 3,845.79 on Monday, October 26th.

Apple futures contracts fell more than 2.00% intraday, currently trading at 5611.00 yuan/ton.

Market analyst Crayton Harrison: Among the left-wing leaders who breathed a sigh of relief tonight was Mexican President Zimbaum. Had Bolsonaro won, she would have faced political isolation. Lula's victory means that Latin America's two largest economies have aligned their political stances, forming a check on each other against the political wave that has swept the region in recent years. This wave has pushed Argentina, Colombia, and Peru to the right and aligned them politically with Trump.

On Monday, October 26, the NI225 index opened down 281.18 points, or 0.45%, to 62,411.98.

Trump announced that Chirikawa National Park in Arizona will be designated as the newest flagship national park in the United States.

US President Trump: Libya cannot continue to be a conduit for illegal immigrants; this situation must end immediately.

1. Economy and Cost of Living: The cost of living is one of the most pressing concerns for voters. A Pew Research Center poll shows that 84% of registered voters consider the economy "very important" to their voting choices. Democrats blame rising prices on Trump's tariff policies and the war with Iran, while Republicans emphasize the tax benefits of the 2025 tax cuts. 2. The War with Iran: A Pew Research Center survey shows that 65% of Americans disapprove of Trump's handling of military action against Iran. The war has also divided the Republican Party. 3. Government Corruption: A Gallup poll in September showed that 89% of American adults believe government corruption is widespread, a record high. Democrats and some Republicans advocate for stronger government accountability, including restrictions on members of Congress trading stocks, term limits, and post-lecture lobbying. Trump's business interests and the Justice Department's handling of the Epstein files have also sparked controversy. 4. Democratic System: A Pew Research Center survey shows that 85% of Democratic voters and 69% of Republican voters believe the future of the democratic system is very important to their voting choices. Democrats criticize Trump's attitude toward the electoral system and his political opponents, but Democratic candidates in fiercely contested districts are more inclined to focus on the cost of living rather than impeaching Trump. 5. Healthcare: A KFF poll shows that about 60% of voters are concerned about healthcare costs, with 42% of respondents believing Democrats are better able to control healthcare costs, compared to 22% who believe Republicans are better able. 6. Immigration and Border Security: Trump's tightening of immigration policies during his second term has sparked backlash from some voters. An NBC News/Telemundo poll shows that 69% of Hispanic voters disapprove of Trump's handling of immigration issues. 7. Data Centers and Artificial Intelligence: Trump supports expanding the AI ​​industry, but the energy, water, and land consumption of data centers has sparked bipartisan opposition, with candidates from both parties opposing new data center construction during their campaigns. 8. Social Security: The U.S. Social Security retirement and survivor benefits fund is projected to run out of accumulated reserves by 2032. If Congress does not take action, new income will only be able to cover 78% of the benefits due by then. Raising or eliminating the payroll tax cap is one policy option to improve the program's finances, an issue particularly important to older voters.

Australia's S&P/ASX 200 index opened down 69.70 points, or 0.79%, at 8725.50 on Monday, October 26.

Ahead of the Israeli elections on Tuesday, US President Trump published another lengthy statement expressing his support for Israeli Prime Minister Netanyahu.

Anthropic may file its IPO registration statement (S-1) as early as Monday. The market is focused on whether the filing will further clarify its financial situation, major partnerships, customer structure, corporate governance, and post-IPO share sale arrangements. 1. More Financial Details: Investors want to know about Anthropic's progress toward profitability, as well as previously undisclosed cash flow and other operating financial metrics. 2. Details of Investments and Revenue from Major Partners: The market is focused on how much Anthropic paid Google and Amazon to use their servers to run AI services, how much capital each company invested, and how much the value of their shares increased. 3. Customer Concentration and Revenue Sources:①. According to media reports, in the first half of this year, revenue from just two customers accounted for about one-fifth of Anthropic's total revenue during the same period, lower than a quarter for the whole of 2025. Investors want to know the latest customer concentration data and the specific composition of revenue sources. Anthropic previously derived most of its revenue from selling services via APIs, but this revenue may fluctuate depending on the models preferred by developers. The market is also watching the Claude subscription service and the revenue and revenue sharing from reselling AI services through third parties such as Amazon. 4. Corporate Governance Mechanism: The Long-Term Interest Trust, a non-shareholder institution, is responsible for appointing a majority of Anthropic's board members. The seven co-founders plan to collectively control 50.1% of the voting rights. The special powers of CEO Amodei and the conflict resolution mechanism between the trust and the board remain unclear. In addition, the company plans to grant employees special voting rights to break ties. 5. Lock-up Period and Secondary Market Share Sales: Anthropic has considered extending the post-IPO lock-up period, i.e., the period during which a majority of shareholders cannot sell their shares (usually 180 days). The company has also considered allowing some shareholders to sell existing shares at the time of the IPO. The market is focused on the specific length of the lock-up period and which investors or employees may be allowed to sell their shares early.

According to Japan's Yomiuri Shimbun, Japan plans to support banks in providing funding for investments that promote economic growth.

According to Axios, Anthropic's AI model Claude accessed publicly available voter data in Georgia without human permission.

According to US media reports, sources from three permanent members of the UN Security Council have confirmed that the Trump administration has supported former Hungarian Prime Minister Viktor Orbán's bid to become UN Secretary-General. The plan is still pending a final decision.

U.S. stock index futures opened higher on Monday, with Nasdaq futures rising 0.6%.

Israeli Prime Minister Benjamin Netanyahu: "The alliance between the left and radical Islamism" is destroying France, Belgium, Italy, and Spain, and now it is trying to destroy the United States. This alliance could also destroy Israel.

**US-Iran Conflict:** 1. Trump: We will not strike Iran today. You will see the conflict with Iran "end in some way very soon." He is not worried that Iran will rebuild its uranium enrichment capabilities within months. 2. According to Iran's Tasnim News Agency: The Iranian military stated on Sunday that its air defense system shot down a US "Lucas" drone near the southern city of Bandar Abbas. 3. Qatari mediators travel to Tehran to coordinate efforts to de-escalate the regional situation. 4. Iran: Even a new round of US strikes will not change Tehran's position. **Other Circumstances:** 1. The Iran-Pakistan border has reopened. 2. Iranian Parliament Speaker calls on citizens to reduce natural gas consumption. 3. Israeli airstrikes in multiple Gaza cities kill at least 7. 4. Netanyahu, facing a bleak election campaign, repeatedly "pleads" for Trump's public support. 5. Iran will advance natural gas negotiations with GECF member countries at the Moscow summit. 6. Houthi rebels: Launch dozens of ballistic missiles at Saudi Arabia in three military operations. 7. US Central Command: Has assisted Gulf states in exporting over 1.5 billion barrels of crude oil since this summer. 8. The Israeli military announced it will close all land routes through the West Bank on October 27, the election day.

According to the Iranian news agency IRNA: Trump has once again made exaggerated statements claiming that the Iranian nuclear threat has been eliminated, but no U.S. intelligence reports have yet confirmed these claims.

US President Trump: The $5,000 bonus will be distributed shortly after the midterm elections.

Speaking about the war with Iran, Trump said, "It was my decision, and I have no regrets about it. Someone said to me, 'If you had to make that decision again…' I said, 'Are you kidding me?' I thought gasoline prices would be two or three times higher than they are now. This price is negligible in order to prevent those lunatics from getting nuclear weapons."