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JP Morgan cut its PT for WESTERN DIGITAL CORP (WDC.O) to $600 from $715.

2026-10-19

JP Morgan cut its PT for WESTERN DIGITAL CORP (WDC.O) to $600 from $715.

Other News
2026-10-19

The PBOC and other agencies issued guidance on financial support for building Beijing (Jing-Jin-Ji), Shanghai (Yangtze River Delta) and the Guangdong-Hong Kong-Macao Greater Bay Area into international technology innovation centers. The document stre

The PBOC and other agencies issued guidance on financial support for building Beijing (Jing-Jin-Ji), Shanghai (Yangtze River Delta) and the Guangdong-Hong Kong-Macao Greater Bay Area into international technology innovation centers. The document stresses strengthened joint risk prevention and control and requires adherence to market-based, rule-of-law principles to ensure that all parties risk-management accountability, prevent herd/ blind investment and low-quality duplicated projects, and strictly guard against systemic financial risk. Financial institutions must fulfill risk-control responsibilities, maintain independent decision-making, bear their own risks, operate prudently, and tighten credit risk management and monitoring of fund use. Industry regulators will intensify risk assessment and early warning for priority tech-innovation areas and assist financial firms in distinguishing true from false innovation. Financial management bodies will guide institutions to develop differentiated tech-finance activities consistent with their mandates and strategies, ensure financial innovation proceeds on market and legal tracks, avoid cut‑throat/“involution” competition, and strengthen routine supervision, risk-information sharing and joint risk assessment.
2026-10-19

A-share CPO-themed stocks rebounded from intraday lows. Tianyang Xincai jumped to the daily limit; Yute Optoelectronics rallied more than 24%. Saiwei Electronics, Luxshare Precision, Liant Technology and Jingyan Technology rallied, while Zhongji Xuch

A-share CPO-themed stocks rebounded from intraday lows. Tianyang Xincai jumped to the daily limit; Yute Optoelectronics rallied more than 24%. Saiwei Electronics, Luxshare Precision, Liant Technology and Jingyan Technology rallied, while Zhongji Xuchuang, Xinyisheng, Huamao Technology and Changguang Huaxin trimmed earlier losses.
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