
AI-generated summary
U.S. stocks plunged on Friday on disappointing quarterly results from Intel and Amazon.
U.S. stocks plummeted on Friday, with the Nasdaq suffering its biggest one-day drop since June 5, affected by disappointing quarterly results from Intel and Amazon, fueling concerns about huge spending by artificial intelligence-related companies in emerging technologies. Are Taiwan stocks going to be down on Monday (2nd)? Chen Chongming, the investment celebrity and undefeated leader, posted on his personal Facebook to appeal to everyone to rest assured that he will live strong like Xiaoqiang! He also listed 15 "beautiful and cheap" stocks.
Chen Chongming wrote: "At the beginning of October, I was still looking forward to hitting 50,000 points, but I didn't expect it to be a 'hunt for October'. The weighted index fell 2,728 points or 5.69% in a single month. Foreign selling pressure and financing weight loss were double-attacked. The market went all the way back to the half-year line, and the gap between the high and low points of the band was as high as 5,242 points."
He also listed 15 "beautiful and cheap" stocks, which have gained foreign investment since October, bucking the trend and increasing their investment. In particular, the two major stocks of Uni-President Group, which totaled 12 billion yuan, were the most popular.
These 15 stocks are Uni-President (1216), Uni-President Chao (2912), Xingfufa (2542), Ruhong (1476), Juyang (1477), Baocheng (9904), Yani (1102), Shenji (3005), Baoya* (5904), Hotai Che (2207), Runlong (1808), Fengtai (9901), Taiwan High Speed Rail (2633), ASRock (3515), TECO (1504).

At the 2026 China·Chengmai International Economic and Trade Fair, many Chinese companies announced the establishment of international headquarters or R&D bases in Chengmai, Hainan, using the advantages of free trade port policies to cope with international trade barriers and promote the global layout of the automobile, new energy and medical health industries.

The 33rd APEC Leaders’ Informal Meeting will be held in Shenzhen in November. Guangdong's private enterprises are promoting the transformation of foreign trade from simple exports to deep symbiosis through high-end manufacturing, technology sharing and localized ecological construction. Guangdong's exports to APEC economies performed strongly in the first three quarters of this year.

The National Bureau of Statistics of China released PMI data for October. The manufacturing PMI fell to 49.3, and the non-manufacturing PMI fell to 49.7, both falling below the 50 line. Data show that China's factory activity and market demand have slowed down, and the momentum of economic recovery has weakened, which may increase pressure on the government to introduce more stimulus policies.

Hong Kong's economic growth could reach its strongest in five years, following a 5.1 percent expansion in the first half driven by robust exports and investment, according to Financial Secretary Paul Chan Mo-po.

Affected by the general sell-off in U.S. technology stocks and concerns about AI spending, TSMC's ADR plunged nearly 6%, and Taiwan's weighted index is expected to face huge downward pressure on Monday.
On October 30, China and Switzerland signed a protocol to upgrade the China-Switzerland Free Trade Agreement in Beijing. Both sides have made high-level commitments to openness in the fields of goods, services, investment and digital trade. Both Reuters and Swiss media pointed out that this move is in sharp contrast to European and American trade protectionism.