The Hang Seng Tech Index widened its losses to 1% in early trading.

Thermo Fisher Scientific (TMO.N)'s revenue in Q3 2025 was US$111.22 billion, compared with US$10.598 billion in the same period last year, and the market expected US$10.9 billion.

Conflict Situation: 1. Ukraine - ① Ukraine claims an explosion on Russian railways may affect Russian military supplies. ② Ukraine claims to deploy approximately 9,000 drones daily to counter Russia. 2. Russia - ① Russian Ministry of Defense: Russian forces attacked Ukrainian energy facilities last night; Russian air defense forces shot down 55 Ukrainian drones overnight. ② Russian drones attacked Ukraine's Chernihiv region, killing four and injuring four. Peace Talks: 1. Ukraine - ① Zelensky: Ukraine is ready to end the Russia-Ukraine conflict. During his meeting with Trump, both sides agreed to attempt negotiations based on the current front lines. 2. US - ① White House official: There are no plans for a meeting between US and Russian leaders. ② Europe and Ukraine are reportedly developing a 12-point peace plan, which Trump will lead. ③ Trump: We have not yet decided whether to meet with Putin. We still believe there is a chance for Ukraine to achieve a ceasefire with Russia. We will issue a notice on the Russia-Ukraine situation within the next two days. 3. Russia—① Russia stated that an immediate ceasefire violated the previous consensus reached between Russia and the United States. ② The Russian Foreign Ministry responded to reports that the Lavrov-Rubio meeting had been postponed: "It is impossible to postpone matters that have not yet been agreed upon." ③ Reports indicate that Russia reiterated to the US last weekend its position of full control over Donbas, effectively rejecting Trump's proposal to "freeze the conflict on existing fronts." Other Developments: 1. US arms dealers claim that the Russia-Ukraine and Israeli-Palestinian conflicts are driving profit growth. 2. Russia's seaborne crude oil exports are approaching their highest level since the Ukrainian conflict. 3. The Ukrainian parliament revised its 2025 budget, increasing defense spending by an additional $7.7 billion. 4. NATO Spokesperson: NATO Secretary-General Rutte will visit Washington on October 21-22 and will meet with US President Trump. 5. The Russian-appointed management of the Zaporizhia Nuclear Power Plant stated that the situation is under control. External power supply is expected to be restored by October 25.