U.S. stocks opened mixed, with the Dow Jones Industrial Average down 0.10%, the Nasdaq Composite up 0.46%, and the S&P 500 Index up 0.28%.

Chinese concept stocks were generally lower, with XPeng Motors falling over 5%, NetEase down over 3%, and Baidu, NIO, and Pinduoduo each falling nearly 3%.

Company News:

**Apple May Launch a $2000 Vision Headset as Early as Next Year**

Technology journalist Mark Gurman wrote that Apple's Vision product group is developing at least four new devices. He predicts that the lower-end Vision headset will be available as early as next year, while the second-generation VisionPro with a faster chip will be released in 2026. The lower-end model is expected to cost around $2000, potentially using a less powerful processor and cheaper materials, and eliminating the "EyeSight" feature. Due to its lower price, Apple expects this device to sell at least twice as much as the VisionPro.

**Google Requests a Stay on the Order to Open Third-Party App Stores**

Google recently filed a court document requesting a stay on the order to open third-party app stores in the United States. Reports indicate that Google has formally appealed a ruling made by U.S. District Judge James Donato on the 7th of this month in California. The ruling requires Google to overhaul its mobile app business and open the Android operating system to app stores of industry competitors, providing users with more choices for downloading apps and payment channels. The ruling is set to take effect on November 1st. Google argues that this order will harm the company's interests and pose serious risks to the Android ecosystem, thus requesting a stay during the appeal process.

Advertisement

**Citi Hires Two Former J.P. Morgan Executives for Asian Market Business**

According to a statement, Citi has hired two former J.P. Morgan executives, with Anand Goyal taking on the role of Head of Foreign Exchange Institutional Sales for South Asia, Japan, North Asia, and Australia, and Hooi Wan Ng appointed as the Head of the Malaysian market.

**Reports Suggest French Government Intervenes in Private Equity Giant CD&R's Acquisition of Sanofi's Consumer Health Division**Inside sources reveal that the French government is contemplating several options, including the state-owned investment bank, Bpifrance, acquiring shares in Sanofi's consumer health division, Opella. This division sells over-the-counter medications, including the painkiller Doliprane, which is the most commonly used drug in France. Previously, private equity giant Clayton Dubilier & Rice (CD&R) was on the verge of acquiring Sanofi's consumer health division, Opella, for approximately 15 billion euros. According to insiders citing the Ministry of Finance, there will be a selection process, and unauthorized transactions will not proceed.

【TSMC Plans to Establish More Chip Factories in Europe】

TSMC is planning to establish more factories in Europe, with a focus on the artificial intelligence chip market, in order to expand its global business footprint. Reports indicate that TSMC has already begun constructing its first wafer fab in Dresden, Germany, and plans to build several wafer fabs targeting different market sectors in the future.

【Jinko Energy: Accumulated New Borrowings of 9.932 Billion Yuan from January to September】

Jinko Energy announced that from January to September 2024, the company's accumulated new borrowings amounted to 9.932 billion yuan, accounting for 28.91% of the net assets attributable to shareholders of the listed company at the end of 2023. The aforementioned new borrowings are to ensure the operational needs of the company and its controlled subsidiaries, which is beneficial for promoting the continuous and stable development of the company's existing businesses. Up to now, the company's operational status is robust, all business operations are normal, and all debts are repaid with principal and interest on time. The aforementioned new borrowings will not have a significant adverse impact on the company's debt repayment capacity.