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Hong Kong stocks closed higher, with the Hang Seng Index rising 0.42% and the Tech Index rising 2.25%. The lithium battery sector was active throughout the day, with CATL (03750.HK) rising 6.08% and Ganfeng Lithium (01772.HK) rising 3.72%.

2026-11-02

Hong Kong stocks closed higher, with the Hang Seng Index rising 0.42% and the Tech Index rising 2.25%. The lithium battery sector was active throughout the day, with CATL (03750.HK) rising 6.08% and Ganfeng Lithium (01772.HK) rising 3.72%.

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2026-11-01

Serbia's Election Commission said on Nov 1 re-votes were held at 53 polling stations in Belgrade, the northern border city of Subotica and elsewhere, with voting open from 07:00 to 20:00 local time. About 25,000 registered voters were eligible, rough

Serbia's Election Commission said on Nov 1 re-votes were held at 53 polling stations in Belgrade, the northern border city of Subotica and elsewhere, with voting open from 07:00 to 20:00 local time. About 25,000 registered voters were eligible, roughly 0.38% of the country's 6.45 million registered electorate. commission said the re-vote is not expected to alter the parliamentary majority secured by the student-led Student List - Students Win.
2026-11-02

Michael Burry, a well-known short seller, revealed that he has further increased his holdings of call options on JD.com expiring in 2029, while also increasing his position in BYD. Currently, JD.com is his largest holding, while BYD is a medium-sized

Michael Burry, a well-known short seller, revealed that he has further increased his holdings of call options on JD.com expiring in 2029, while also increasing his position in BYD. Currently, JD.com is his largest holding, while BYD is a medium-sized holding. Burry pointed out that JD.com currently holds $24.3 billion in net cash, accounting for approximately 71% of its market capitalization; its total cash and marketable securities amount to nearly $40 billion, even exceeding the company's total market capitalization. Excluding net cash, its core business valuation is only about three times its earnings per share, and its share price is only about half of its intrinsic value (IV15). He believes that such extreme undervaluation is not uncommon in the Hong Kong stock market today, the fundamental reason being that the companies' operating performance has long far exceeded their stock price performance. Burry lamented that Hong Kong technology stocks have long been severely suppressed, with valuation multiples shrinking significantly again, although many companies still maintain solid profits, some even achieving record profits.
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