Market Update
China Stocks Extended 3-Day Losses Amid Cautious Market Sentiment
Li Chen
17 Nov, 2025
Hong Kong
Investors remained on the defensive at the start of the new week, amid weak global market sentiment.
The Hang Seng Index eased 0.8%, and the mainland-focused CSI 300 index fell 0.7% as investors reviewed the latest economic data released last week.
Market sentiment was weak for the third session in a row after China's retail sales, industrial production, and jobless rate data confirmed the ongoing weakening economic growth outlook.
Despite the market's caution, China's GDP growth is set to hit the annual target rate of 5%, but the economic expansion is less likely to create enough new jobs for recent graduates.
Moreover, businesses are facing sharply lower profit margins amid intense competition and chaotic U.S. trade policy.
So far, companies have delivered mixed corporate earnings as mid- and small-sized corporations struggle with profit growth and falling margins in the export-driven sales.
The U.S. government is set to release the first batch of economic data on Thursday and resume data flow after the longest government shutdown, which ended last Wednesday.
September's nonfarm payrolls are likely to confirm rapidly deteriorating labor market conditions as businesses avoid hiring amid constantly changing U.S. trade policy and weakening consumer confidence.
China Indexes and Stocks
The Hang Seng Index decreased 0.8% to 26,358.43, and the CSI 300 index dropped 0.7% to 4,595.12.
Alibaba Group Holding decreased 0.5% to $154.20, and the e-commerce company released its own revamped chatbot.
Pop Mart International Group decreased 0.3% to HK $217.0, and several local reports suggested that Sony Pictures plans to make a film featuring the company's popular Labubu dolls.
China Markets MONDAY
Li Chen
17 Nov, 2025
Hong Kong
Investors remained on the defensive at the start of the new week, amid weak global market sentiment.
The Hang Seng Index eased 0.8%, and the mainland-focused CSI 300 index fell 0.7% as investors reviewed the latest economic data released last week.
Market sentiment was weak for the third session in a row after China's retail sales, industrial production and jobless rate data confirmed the ongoing weakening economic growth outlook.
Despite market's caution, China's GDP growth is set to hit the annual target rate of 5%, but the economic expansion is less likely to create enough new jobs for recent graduates.
Moreover, businesses are facing sharply lower profit margins amid intense competition and chaotic U.S. trade policy.
So far, companies have delivered mixed corporate earnings as mid- and small-sized corporations struggle with profit growth and falling margins in the export-driven sales.
The U.S. government is set to release the first batch of economic data on Thursday, and resume data flow after the ending of the longest government shutdown ended last Wednesday.
The September's nonfarm payrolls are likely to confirm rapidly deteriorating labor market conditions as businesses avoid hiring amid constantly changing U.S. trade policy and weakening consumer confidence.
China Indexes and Stocks
The Hang Seng Index decreased 0.8% to 26,358.43, and the CSI 300 index dropped 0.7% to 4,595.12.
Alibaba Group Holding decreased 0.5% to $154.20, and the e-commerce company released its own revamped chatbot.
Pop Mart International Group decreased 0.3% to HK $217.0, and several local reports suggested that Sony Pictures plans to make a film featuring the company's popular Labubu dolls.
U.S. Movers: Applied Materials, StubHub, Walt Disney
Scott Peters
14 Nov, 2025
New York City
Applied Materials dropped 5% to $211.74 despite the semiconductor equipment maker reporting better-than-expected fiscal fourth-quarter results.
Revenue decreased 3% to $6.8 billion from $7.05 billion, net income rose 10% to $1.9 billion from $1.8 billion, and diluted earnings per share rose 14% to $2.38 from $2.09 a year ago.
The company estimated fiscal first quarter revenue of $6.8 billion with a band of plus or minus $500 million and non-GAAP diluted earnings per share of $2.18 with a band of plus or minus 20 cents.
StubHub Holdings plunged 19.3% to $15.22 despite the company reporting better-than-expected results in the third quarter.
Revenue increased 8% to $468.1 million from $433.8 million, net income expanded to $1.3 billion from $45.9 million, and diluted loss per share expanded to $4.27 from a loss of 15 cents.
Gross merchandise sales rose 11% to $2.4 billion and advanced 24% excluding the impact of Taylor Swift's "Eras" tour.
Net loss of $1.3 billion, reflecting a one-time stock-based compensation charge of $1.4 billion related to the company’s initial public offering, representing the GAAP-required recognition of multiple years of stock-based compensation to employees.
The ticketing company listed its stock on the New York Stock Exchange in September and, together with Series O preferred equity, raised approximately one billion in gross proceeds.
StubHub stock came under heavy pressure after the company's chief executive said during a conference call that the company will not be issuing a forward-looking guidance for the current quarter.
Walt Disney Company decreased 7.7% to $107.61, and the streaming media and theme park operator reported mixed quarterly results.
Revenue in the third quarter was flat at $22.5 billion, net income increased to $1.3 billion from $460 million, and diluted earnings per share soared to 73 cents from 25 cents a year ago.
The Entertainment segment revenue decreased 6% to $10.2 billion, Sports increased 2% to $4 billion from $3.9 billion, and the Experiences segment advanced 6% to $8.8 billion from $8.2 billion a year ago, respectively.
The company's board declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, payable on January 15, 2026, to shareholders on record on December 15, 2025, and on July 22, 2026, to shareholders on record on June 30, 2026.
U.S. Movers: Applied Materials, StubHub, Walt Disney
Scott Peters
14 Nov, 2025
New York City
Applied Materials dropped 5% to $211.74 despite the semiconductor equipment maker reporting better-than-expected fiscal fourth-quarter results.
Revenue decreased 3% to $6.8 billion from $7.05 billion, net income rose 10% to $1.9 billion from $1.8 billion, and diluted earnings per share rose 14% to $2.38 from $2.09 a year ago.
The company estimated fiscal first quarter revenue of $6.8 billion with a band of plus or minus $500 million and non-GAAP diluted earnings per share of $2.18 with a band of plus or minus 20 cents.
StubHub Holdings plunged 19.3% to $15.22 despite the company reporting better-than-expected results in the third quarter.
Revenue increased 8% to $468.1 million from $433.8 million, net income expanded to $1.3 billion from $45.9 million, and diluted loss per share expanded to $4.27 from a loss of 15 cents.
Gross merchandise sales rose 11% to $2.4 billion and advanced 24% excluding the impact of Taylor Swift's "Eras" tour.
Net loss of $1.3 billion, reflecting a one-time stock-based compensation charge of $1.4 billion related to the company’s initial public offering, representing the GAAP-required recognition of multiple years of stock-based compensation to employees.
The ticketing company listed its stock on the New York Stock Exchange in September and, together with Series O preferred equity, raised approximately one billion in gross proceeds.
StubHub stock came under heavy pressure after the company's chief executive said during a conference call that the company will not be issuing a forward-looking guidance for the current quarter.
Walt Disney Company decreased 7.7% to $107.61, and the streaming media and theme park operator reported mixed quarterly results.
Revenue in the third quarter was flat at $22.5 billion, net income increased to $1.3 billion from $460 million, and diluted earnings per share soared to 73 cents from 25 cents a year ago.
The Entertainment segment revenue decreased 6% to $10.2 billion, Sports increased 2% to $4 billion from $3.9 billion, and the Experiences segment advanced 6% to $8.8 billion from $8.2 billion a year ago, respectively.
The company's board declared a cash dividend of $1.50 per share, payable in two installments of $0.75 per share, payable on January 15, 2026, to shareholders on record on December 15, 2025, and on July 22, 2026, to shareholders on record on June 30, 2026.