HK, US stocks top stories
US STOCKS-S&P 500, Nasdaq fall as Meta, Microsoft drag along with Fed rate concernsCITIC Securities: The meeting between the Chinese and U.S. presidents went smoothly, Hong Kong stocks' risk appetite may rise, and U.S. stocks still have allocation valueXi Jinping will attend the 32nd APEC Leaders' Informal Meeting and deliver an important speechTrading volume hits a new high! Coinbase's revenue surged by 55%, and the CEO stated that details on "stock tokenization and prediction markets" will be showcased in December, continuing the move towards a "universal exchange."Undeterred by a market value evaporation of $200 billion, Meta issued a record $25 billion in bonds, even raising U.S. Treasury yieldsThe whole world is speculating on technology stocks! The AI frenzy is also reshaping the Asian stock marketiPhone sales forecast! Apple's Q4 performance and guidance exceed expectations, predicting double-digit growth in holiday season salesIs there a "bad omen" in the US stock market?US Stock Information Active List | Most of the Mag7 fell back, with Meta leading the decline by over 11%, and third-quarter tax expenses causing profits to plummet by 80%Breakfast | All three major indices fell, with technology stocks leading the decline, Meta plummeting 11%, and eBay crashing over 15%The service sector supports Apple's revenue reaching a record high for the same period last season, while revenue in China unexpectedly declined, and iPhone sales during the off-season were disappointing, but a double-digit increase is expected this season | Earnings Report InsightsThe market's "frightening" moment at noon: After a sharp drop, U.S. stock futures and risk assets like cryptocurrencies rebounded, while gold surged and then fell backRay Dalio: Gold is the safest currencyAfter the Federal Reserve cut interest rates, U.S. mortgage rates rose instead of falling. Analysts: The FOMC policy outlook is the keyAWS achieves the fastest growth in three years, capital expenditures surge by 55%, Amazon rises nearly 12% after hours | Earnings Report InsightsOpenAI and Oracle announced the construction of an interstellar gateway data center park in Michigan, expected to begin in early 2026
