The Economic Times News Agency reported on the 30th that U.S. GDP growth in the third quarter exceeded expectations. However, corporate earnings dragged down the market. Alphabet's adjusted earnings per share and revenue for the third quarter were below market expectations. Worse still, free cash flow turned negative for the second consecutive quarter, causing its stock price to plunge more than 12%. Intel and Amazon's guidance also disappointed the market, falling up to 20% and 10% respectively after hours. Overnight, all three major U.S. indices fell, with chip stocks under pressure. The Hang Seng Index opened at 23,011, up 52 points or 0.2%, with main board turnover of HK$2.495 billion. The Hang Seng China Enterprises Index stood at 7,779, up 23 points or 0.3%. The Hang Seng Tech Index was at 3,720, down 23 points or 0.6%.

AIA Group (01299) reported a 5% year-on-year decline in new business value for the third quarter, but a 5% increase for the first nine months. AIA opened 1.3% higher at HK$72.55.

BYD Company (01211) reported a 28.1% year-on-year increase in net profit for the third quarter to RMB 10.02 billion. BYD (01211) fell 1% to HK$67.95.

InnoLight Technology (03308) reported a 2-fold increase in net profit to RMB 22.2 billion for the first nine months, and a 1.7-fold increase in the third quarter. The stock fell 7.1% to HK$656.

Montage Technology (06809) reported a 98% increase in net profit to RMB 3.2 billion for the first nine months, and a 1.6-fold increase in the third quarter. Despite this, Montage Technology fell 2.3% to HK$210.

Alphabet's disappointing earnings, coupled with weak guidance from Intel and Amazon, caused sharp after-hours declines. AI hardware stocks continued to weaken: Lenovo Group (00992) fell 7% to HK$20.6; Hua Hong (01347) dropped 3.9% to HK$62.05; SMIC (00981) declined 3.2% to HK$43.5.

Weichai Power (02338) reported a 20% year-on-year increase in net profit to RMB 10.7 billion for the first nine months, but a 9% decline in the third quarter; it fell 4.4% this morning to HK$23.18.

Luxshare Precision (02475) reported a 13% year-on-year increase in net profit to RMB 13.1 billion for the first nine months, with full-year growth expected to reach up to 20%. Luxshare Precision fell 2.1% to HK$46.4.

Chalco (02600) reported a 65% year-on-year increase in net profit to RMB 17.9 billion for the first nine months, and a 59% increase in the third quarter; Chalco (02600) rose 1.8% to HK$7.05.

COSCO Shipping Holdings (01919) reported a 13% year-on-year increase in net profit to nearly RMB 30.7 billion for the first nine months, and an 81% increase in the third quarter; COSCO Shipping Holdings (01919) rose 2.3% to HK$17. (vs)