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On the eve of the UK budget announcement, HSBC lowered its 2027 GDP growth forecast for the UK to 1.1%.

Shandong Precision (02384.HK) opened down 8.47% in Hong Kong grey market trading, currently trading at HK$79.3 per share.

On October 27, the anti-corruption watchdog Spotlight on Corruption released a report investigating the UK's AI growth zone policy development process from July 2024 to June 2026, based on 40 information disclosure requests submitted to 18 government agencies. The report stated that the government engaged with 137 companies regarding data center policy, and 84% of ministerial stakeholder meetings involved companies or industry associations. Senior officials met with only two community groups, both after the designated areas were designated as AI growth zones, and did not meet with environmental organizations. Prior to designation, only one meeting was held with local government. The report also noted that between July 2024 and September 2026, 38 ministers, senior civil servants, or special advisors subsequently joined AI companies. The organization concluded that community input and environmental risks were not adequately considered during the policy-making phase. The UK government responded that data centers should create jobs, strengthen supply chains, prioritize clean energy use, and ensure responsible water use, and that local planning processes would also consider community interests.

Pop Mart (09992.HK): Overall revenue for the third quarter of 2026 is expected to decrease by 45%-50% year-on-year compared to the third quarter of 2025. Specifically, revenue in China is expected to decrease by 25%-30% year-on-year, in the Asia-Pacific region by 65%-70%, in the Americas by 70%-75%, and in Europe and other regions by 50%-55%.

The Iranian ambassador to the Russian Federation pointed out that Iran possesses abundant energy reserves and played a significant role in the establishment of the Gas Exporting Countries Forum. He emphasized the importance of the Iranian delegation, led by President Pezechzian, actively participating in this summit.

Ukrainian President Zelensky: Pressure needs to be applied to Russia, and real support needs to be provided to Ukraine in order to change the situation.