汇丰：将Adobe(ADBE.O)评级从“买入”下调至“持有”；将目标价从310美元下调至267美元。

Hong Kong stocks (Oct 13, Tue): HSI closed up 74.02 points (+0.30%) at 24,345.22; Hang Seng Tech Index closed down 32.94 points (-0.79%) at 4,136.63; Hang Seng China Enterprises Index (HSCEI) closed up 6.15 points (+0.08%) at 8,174.72; Red Chip Index closed up 28.43 points (+0.70%) at 4,073.17.

China's PPI rose 1.2% month-on-month, widening 0.8 percentage point from the prior month, the National Bureau of Statistics said. International crude oil and nonferrous metal price increases were primary drivers: petroleum extraction +14.5%, refined petroleum products manufacturing +7.4%, organic chemical raw materials manufacturing +5.4%, nonferrous metal ore mining +1.6% and nonferrous metal smelting and rolling +1.5% — those five industries together added about 0.63ppt to MoM PPI. Seasonal and supply-side tightening lifted energy and raw-material prices: coal mining and washing +9.5%, coal processing +13.6%; demand recovery for steel and cement and higher input costs pushed non-metallic mineral products to +0.3% (after seven months of declines) and ferrous metal smelting and rolling +0.2% — these four industries contributed roughly 0.38ppt. Faster development in AI and computing-power collaboration raised demand in electrical machinery & equipment and computer, communications and other electronic equipment manufacturing, each +0.4%, together adding about 0.07ppt to MoM PPI.