Micron Technology will partner with Indium Corporation to invest in a critical minerals processing project in New York state.

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.

CSRC chairman Wu Qing told the 2026 Financial Street Forum the regulator will adhere to a stability-first growth framework, strengthen capital-market functions that coordinate investment and financing, and work to lift market resilience and confidence. Southwest Securities chief economist Ye Fan said regulators are prioritizing stability, watching cross-border, cross-market and cross-industry risk transmission, and seeking to attract long-term capital via active ETFs and long-horizon performance assessments — a 'build the dike, then introduce water' approach to provide markets with resilience and a base.