Hot topics, watchlist stocks, data center, quote center, capital flows, simulated trading client. On October 30, the three major Hong Kong stock indices rose collectively. As of the close, the Hang Seng Index rose 1.46% to 23,294.42, the Hang Seng Tech Index rose 0.29%, and the China Enterprises Index rose 1.37%. On the board, internet stocks were mostly higher, with Meituan and Xiaomi up more than 3%, while Lenovo fell more than 7%; oil stocks strengthened, with PetroChina up more than 5%; food stocks advanced, with Tingyi up more than 5%; the application software sector was sluggish, with Zhipu down more than 9%. Oil stocks strengthened, with PetroChina up more than 5%. PetroChina recently released its 2026 third-quarter report. In the third quarter, operating revenue was 793.573 billion yuan, up 10.4% year on year; net profit attributable to shareholders was 51.84 billion yuan, up 21.6% year on year. Everbright Securities said that in the first three quarters, PetroChina's full-industry-chain advantages were highlighted, and its performance reached a new high, in line with expectations. It is bullish on the company's potential for "increasing reserves and production" and the long-term growth of its natural gas business, maintaining a "buy" rating on the company's A+H shares. Food stocks advanced, with Tingyi up more than 5%. Kaisheng Securities pointed out that the sector's chip structure is showing a trend of improvement. Along with long-term adjustment, pressure from institutional holdings and floating shares has been released to some extent, and the PE of most leading companies is at a historically low percentile, while market expectations have already been revised downward. Overall, the combination of low valuation, low expectations, and low crowding constitutes an objective basis for left-side allocation in the sector. Analysts said that the core support for the food and beverage sector's recent strength against the trend comes from a "rebalancing" on the funding side. The application software sector was sluggish, with Zhipu down more than 9%. Overnight, Google's stock price closed down 12.64%, the largest single-day drop since its listing in 2004. Its market value evaporated by nearly $500 billion in a single day, the second-largest single-day market value loss in U.S. stock history, second only to Nvidia's record in January 2025. The company's third-quarter revenue and adjusted earnings per share both missed expectations, and free cash flow turned negative to $9.07 billion. Google's financial report made the market question both the monetization capability of the AI application side and the pace of capital expenditure growth on the AI hardware side.
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