Melius Research lowered its price target for Nvidia (NVDA.O) from $420 to $315. It also lowered its price target for Marvell Technology (MRVL.O) from $445 to $300.

Individual Stock News 1. Cambridge Technology (06166.HK): Plans to expand optical module production by HK$1.769 billion. 2. GAC Group (02238.HK): Net loss of RMB 2.52 billion in the third quarter of 2026, a decrease of 42.09% year-on-year. 3. Cambridge Technology (06166): Net profit attributable to shareholders of the parent company of RMB 761 million in the first three quarters, an increase of 193.35% year-on-year. 4. China Southern Airlines (01055.HK): Net loss attributable to shareholders of the parent company of approximately RMB 4.305 billion in the first three quarters, turning from profit to loss year-on-year. 5. Seres (09927.HK): Achieved revenue of RMB 28.08 billion and net profit attributable to shareholders of the listed company of RMB 1.42 billion in the third quarter, turning from profit to profit. 6. GAC Group (02238.HK): Q3 revenue increased by 17.91% to RMB 28.423 billion, and exports of its own brands surged by 151.2%. 7. Yankuang Energy (01171.HK): In the first three quarters of 2026, the Group achieved operating revenue of RMB 117.504 billion, an increase of RMB 11.959 billion, or 11.3%, year-on-year. 8. Bank of Communications (03328.HK): Q3 net profit of RMB 26.388 billion, an increase of 10.05% year-on-year. 9. Bank of China (03988.HK): Q3 net profit of RMB 63.888 billion, an increase of 6.36% year-on-year. 10. China Metallurgical Group Corporation (01618.HK): In the first three quarters, operating revenue reached RMB 252.827 billion, a decrease of 24.55% year-on-year; net profit attributable to shareholders of the listed company was RMB 3.458 billion, a decrease of 12.91% year-on-year. 11. China Everbright Bank (06818.HK): Net profit attributable to shareholders of the parent company in the first three quarters was RMB 28.271 billion, a decrease of 23.63% year-on-year. 12. Industrial and Commercial Bank of China (01398.HK): Operating revenue for the first three quarters reached RMB 667.137 billion, a year-on-year increase of 9.19%; net profit attributable to shareholders of the parent company was RMB 285.64 billion, a year-on-year increase of 5.83%. 13. China National Offshore Oil Corporation (00883.HK): Net profit for the first three quarters was RMB 119.1 billion, a year-on-year increase of 16.8%. 14. Agricultural Bank of China (01288.HK): Operating revenue for the third quarter reached RMB 208.383 billion, a year-on-year increase of 15.14%; net profit attributable to shareholders of the parent company was RMB 90.165 billion, a year-on-year increase of 10.84%. 15. Dongshan Precision (02384.HK): Q3 net profit was RMB 2.332 billion, a year-on-year increase of 401.18% and a quarter-on-quarter increase of 26%.

Italy October manufacturing PMI 49.4, below 50 contraction threshold; consensus 50.2, prior 50.4.