Melius Research cut its price target for NVIDIA (NVDA.O) to $315 from $420 and for MARVELL (MRVL.O) to $300 from $445.

China's first 18 active ETFs launched fundraising on Oct. 23 and had raised more than 34.2 bln yuan by Oct. 30, with 15 funds hitting their subscription caps and closing. Nine asset managers, including J.P. Morgan, E Fund and Fullgoal, made 2.7 bln yuan in self-purchases. The 18 ETFs will gradually build positions and are expected to inject roughly 36 bln yuan of fresh capital into the market.

BofA raises BP (BP.N) PT to 535 pence from 525 pence.