U.S. defense stocks slipped in premarket trading: Lockheed Martin down 3.1%, Northrop Grumman down 2.9%.

Shanghai Stock Exchange and China Securities Index Co. have revised the Shanghai–HK Stock Connect index methodology. Key changes: exclude securities listed for under one year unless total market capitalization ranks in the top 10 of the relevant market or the issuer’s mainland-listed security has been listed for at least one year; exclude securities with average daily turnover under HKD 5 mln over the past year; define monthly turnover as the median of daily turnover rates within the month and exclude securities whose average monthly turnover rate is below 0.1% over the past 12 months or the past three months, unless the security’s average daily turnover over the past year exceeds HKD 50 mln.

Nov. 3 — Chinese automaker Geely officially launched its new-generation methanol-electric hybrid system, the first hybrid powertrain capable of simultaneously using methanol, gasoline and electricity.