Airline stocks rose after crude oil fell more than 6%: American Airlines +4.1%, Alaska Air +5.9%, United Airlines +5.1%, Delta Air Lines +3.4%, JetBlue +8.1%, Southwest Airlines +2.7%.

At its 2026 Q3 briefing, CRRC said 2027 newly opened line mileage is expected to increase notably versus 2026, providing support for EMU procurement. The company cautioned that procurement and deliveries of trainsets do not scale in a fixed ratio with new mileage; the main driver is changes in rail passenger traffic. If passenger traffic remains robust, CRRC expects EMU procurement and deliveries to keep improving. On urban transit, vehicle replacement was limited during the 15th Five-Year Plan but is expected to pick up from the 16th Five-Year Plan. CRRC is tracking urban-rail new-build plans and hopes approvals proceed, but said domestic new urban-rail orders for 2026 still face pressure.

China A-share ChiNext fintech ETFs rallied: Huatai-PineBridge fintech ETF extended gains to 7%, while ChinaAMC and Tianhong fintech ETFs rose more than 6%.