马来西亚独立检验机构AmSpec：马来西亚10月1日至20日棕榈油出口量环比增长78%。

Nomura cut its target price on Tencent (00700.HK) to HK$659, citing profit pressure from continued AI investment. It said Tencent’s Q3 revenue was roughly in line, up 9% YoY, but non-IFRS operating profit fell 3% YoY to 70.3 bln yuan, about 2% below market expectations. Non-IFRS operating margin slid 4.1ppt YoY to 33.5%. Capital expenditure rose to 58.7 bln yuan, up 11% QoQ and 352% YoY. Nomura trimmed FY2026 and FY2027 non-IFRS EPS forecasts by 2% and 3% respectively to reflect margin strain from AI spending and slightly slower games growth. Rating stays Buy; new PT implies 19x FY2027 PE versus the stock trading at c.12x FY2027f PE.

Hong Kong stocks traded choppy in the morning session. By midday the Hang Seng Index was down 0.95% at 23,956.93 and the Hang Seng Tech Index fell 1.21% to 4,058.39. Losers included non-ferrous metals, power-equipment and retail; tech and new-energy vehicle names weakened. Sector gainers: CXO concept and physical AI. Notable movers: Wuyi Vision (06651.HK) +27%, UBTECH (09880.HK) +7.9%, Hansoh Pharmaceutical (03692.HK) +7.5%, Sunny Optical (02382.HK) +4%+. On the downside Lenovo Group (00992.HK) -7.56%, China Molybdenum (03993.HK) and CATL (03750.HK) -6.3%, MINIMAX-W (00100.HK) -4%+, Zhipu (02513.HK), SERES (09927.HK), Pop Mart (09992.HK) and Alibaba (09988.HK) down more than 3%.