Microsoft (MSFT.O) revised its fiscal 2027 first-quarter outlook and now expects Microsoft 365 Commercial cloud revenue to grow about 17% YoY on a constant-currency basis.

Broadcom (AVGO.O) fell 1.8% in U.S. premarket trading after the company forecast fourth-quarter revenue below expectations.

The Ministry of Industry and Information Technology and nine other ministries endorsed the 15th Five-Year Plan for Promoting SME Development, calling for diversified financial products and an integrated financing facilitation system linking loans, equity, bonds, insurance and guarantees. The plan mandates SME financing promotion targeted at key industrial chains, expands insurance product development to cover SMEs' R&D, commercialization and industrialization risk needs, and supports futures firms providing streamlined, efficient risk-management services to SMEs.