CSC Financial: Tech Giants See Volatility After Earnings, Focus on U.S. Midterm Elections

36Kr learned that a CSC Financial research report noted that A-shares accelerated their correction this week, with trading activity staying at low levels and the ChiNext and STAR Market sectors falling more than 10%. Overseas markets were mixed: all three major U.S. stock indexes closed lower, while Japanese, South Korean and European stocks rose slightly. International gold prices fell about 3%, and international oil prices fell about 3%. Profits of large-scale industrial enterprises grew 14.4% in September, with the electronics industry contributing significantly to profit growth. The official manufacturing PMI for October was 49.3%, down from 50.1% previously and below the expected 50%. The Federal Reserve concluded its October policy meeting and announced it would keep interest rates unchanged. U.S. President Donald Trump may resume strikes on Iran the day after the midterm elections. Earnings reports from U.S. tech giants are gradually being released, with sharp market swings after results. Anthropic formally submitted an IPO application to the U.S. SEC. Institutional research activity picked up this week, with significant increases in healthcare, electronics and other sectors. Going forward, attention will focus on the U.S. midterm elections, October nonfarm payrolls data and other developments.