News

According to Autostat, a Russian automotive market analysis agency, Russian car sales fell 19.8% year-on-year in October to 132,894 vehicles.

A survey by the European Investment Bank found that three-quarters of EU citizens believe a low-carbon energy transition is urgent.

The yield on Japan's 2-year government bonds fell 3 basis points to 1.855%.

India's NIFTY IT Index rose 1.65% in pre-market trading, while India's NIFTY Auto Index rose 1.75% in pre-market trading.

Thai Deputy Prime Minister: Since the US president retains executive power over foreign trade policy even after a change of Congress, negotiations can continue.

Thailand's Deputy Prime Minister: Despite the unsatisfactory results of the recent US midterm elections, Thailand will continue to seek a reciprocal trade agreement (ART) with the United States.

The Hang Seng Index rose more than 3% in early trading, with Laopu Gold (06181.HK) leading the gains among constituent stocks, rising more than 10%.

The Hang Seng Tech Index continued its upward trend, rising more than 5% in the morning session. Tech stocks collectively surged, with NetEase-S (09999.HK) and Meituan (03690.HK) rising more than 8%, Bilibili (09626.HK) rising more than 6%, and Tencent Holdings (00700.HK) and Alibaba (09988.HK) rising more than 5%.

According to the Iranian Students' News Agency, Hezbollah in Iraq stated that any foolish, aggressive, or risky actions by the United States in the region will be met with an unimaginable response, completely exceeding all of the US military's expectations.

According to Iran's Tasnim News Agency, Mikhail Ulyanov, Russia's representative to international organizations in Vienna, said early Thursday morning that the undue aggression against Iran has had a significant impact on the domestic political process in the United States.

South Korean Prime Minister Han Sung-sook: It is not expected that there will be any major changes in South Korea-US relations after the US midterm elections.

The AI ​​application sector in Hong Kong stocks continued its strong performance, with Weimob Group (02013.HK) rising nearly 20%, Kingdee International (00268.HK) rising over 12%, and Kingsoft Cloud (03896.HK) and JD Health (06618.HK) following suit.

Australia's S&P/ASX 200 index rose as much as 2% to 9,012.30 points, its highest level since September 7.

Goldman Sachs, in its latest European equity strategy report, points out that market expectations for improved profit margins in European companies over the next two years may be overly optimistic. For companies in the Stoxx 600 excluding the financial and commodities sectors, the market consensus expects net profit margins to rise from approximately 8.7% in 2026 to 10.1% in 2028, an expansion of approximately 140 basis points; however, Goldman Sachs expects profit margins to remain roughly stable during the same period, with the 2026 level of approximately 8.7% already close to historical highs. Goldman Sachs believes that further improvements in corporate profit margins will primarily depend on accelerated economic growth and increased capacity utilization, but the bank anticipates that global growth momentum will remain moderate, and the pricing power of European companies may weaken as demand slows. Persistently high energy costs and refinancing expenses will increase pressure on profit margins. Productivity gains from AI may provide additional support, but some efficiency benefits are expected to be passed on to consumers through market competition. This divergence is already reflected in earnings forecasts. Goldman Sachs expects European companies excluding the financial and commodities sectors to see earnings per share growth of 6.5% in 2027, significantly lower than the market consensus of 12.6%. The bank forecasts overall Stoxx 600 EPS growth of approximately 7% for 2027, lower than the market expectation of around 9%. If corporate profit margins cannot continue to expand, earnings forecasts for the next two years may face downward revision pressure.

The Hang Seng Index (HSI) opened 397.44 points higher, or 1.66%, at 24,316.94 on Thursday, November 5th; the Hang Seng Tech Index opened 56.37 points higher, or 1.43%, at 3,992.39 on Thursday, November 5th; the Hang Seng China Enterprises Index opened 116.79 points higher, or 1.45%, at 8,174.38 on Thursday, November 5th; and the Hang Seng Red Chip Index opened 36.65 points higher, or 0.92%, at 4,027.47 on Thursday, November 5th.

U.S. stock index futures fell, with Nasdaq 100 futures down 1.3%, S&P 500 futures down 0.31%, and Dow Jones futures narrowing their gains to 0.12%.

Huatai-PineBridge: The Huatai-PineBridge Nasdaq ETF's secondary market trading price is significantly higher than its net asset value per share, exhibiting a substantial premium. Trading in this fund will be suspended from the opening of the market on November 5, 2026, until 10:30 AM on that day.

According to Polymarket data, Florida Governor DeSantis's chances of becoming the Republican presidential nominee in 2028 have risen sharply to 19%, Rubio's chances remain stable at 22%, and Vance's chances have dropped slightly to 31%.

Multiple Ukrainian drones attacked Russia's Ryazan oil refinery industrial area.

CNN predicts that Democratic candidate Sam Forstag will win the race for Montana's 1st congressional district. He will become the first Democrat from Montana to be elected to the U.S. House of Representatives in nearly 30 years.