Mobility Sweden: Tesla (TSLA.O) new vehicle registrations in Sweden rose 248% YoY in October.

According to data compiled by Mobility Sweden, Tesla (TSLA.O) new car registrations in Sweden increased by 248% year-on-year in October.

1. Beijing saw 13,081 existing home sales contracts signed in October, a year-on-year increase of 8.2%, while new home sales rebounded month-on-month. 2. Shanghai saw 24,653 existing home sales contracts signed in October, a year-on-year increase of approximately 33%, reaching a six-year high for the same period. 3. Shenzhen saw a total of 6,957 new and existing home sales in October, with a high proportion of properties priced below 5 million yuan. 4. Nanjing implemented new housing sales regulations: priority is given to selling existing homes, and deposits generally cannot exceed 5% of the total price. 5. China Index Academy: The top 100 real estate companies acquired land totaling 646.5 billion yuan in the first 10 months. 6. The top 100 real estate companies achieved total sales of 2.54 trillion yuan in the first 10 months, with 65 typical companies experiencing month-on-month sales growth in October. 7. In October, new home prices in 100 cities rose 0.18% month-on-month, while existing home prices fell 0.61% month-on-month. 8. New home sales in 50 key cities rose 4.5% month-on-month in October, marking the second consecutive month of increase. 9. The "Silver October" sales season for the real estate market concluded, with the top 100 real estate companies achieving sales of approximately 277.3 billion yuan. 10. The first residential land transaction after Hangzhou's sales system reform took place, with Binjiang Group acquiring the land for 2.969 billion yuan, a premium of 48.53%. 11. Weekend sales in Hong Kong's top ten housing estates saw a slight rebound, while the secondary market maintained single-digit trading activity. 12. R&F Properties: Will continue to communicate with holders of "20 R&F Properties PPN001" and strive to raise funds for debt repayment. 13. The Bank of England is considering easing mortgage restrictions, opening the floodgates for high-risk loans. 14. Australian house prices have fallen for the seventh consecutive month, potentially marking the largest drop in 40 years.

TrendForce’s AI Infra research forecasts the global AI Networking & Interconnect market will expand from $37.9 bln in 2024 to $279.8 bln in 2027, a 2024–27 CAGR of 95%, driven by larger AI server clusters and surging accelerator bandwidth needs. Growth is shifting from backend switches and optical modules toward accelerator high‑speed interconnects and NICs; chip‑platform shipment mix and network topology will shape overall market size and supply‑chain value allocation. Chip‑to‑chip high‑speed interconnect (Scale‑up) is projected to grow fastest: as GPU platforms move to rack‑level architectures and interconnects migrate off server motherboards to independent switch trays, demand for switch equipment and copper cabling should rise. Based on AI cluster deployment assumptions, TrendForce estimates Scale‑up’s share of AI network value will increase from 11% in 2024 to 24% in 2027.

Iranian foreign ministry spokesman BAGHAEI said on Nov. 2 the secretary of Iran’s Supreme National Security Council will decide how and whether to respond to a U.S. letter based on national interest. He said all indirect, mediator-led talks with the U.S. are primarily built on Iran’s “seven-day plan”, which has been streamlined and can be fully implemented within two days; its timing flexibility reflects Iran’s goodwill. Implementation of the plan, the start of negotiations and restoration of security in the Strait of Hormuz depend entirely on U.S. decisions, conduct and concrete actions.

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.