News

Several A-share oil ETFs fell nearly 4%, with the S&P Oil & Gas ETF Harvest falling nearly 6%, the S&P Oil & Gas ETF Fullgoal falling nearly 5%, and several other oil ETFs, including ChinaAMC and Guotai, falling nearly 4%. This followed the largest single-day drop in international oil prices in three months.

Anthropic's revenue per employee over the past 12 months (TTM) has exceeded $6.6 million, second only to Nvidia's $7.2 million, and higher than Meta's $3.6 million, Apple's $3.1 million, and Amazon's $0.5 million. Anthropic's prospectus shows that as of September 30, 2026, the company had approximately 5,300 employees, an increase of about 170% year-over-year; during the same period, TTM revenue increased by about 1200%, and revenue per employee rose from $1.4 million to over $6.6 million, nearly 4.7 times the original figure. This is relatively unusual, as Anthropic does not appear to have expanded its workforce proportionally while rapidly scaling its business. The company attributes this performance to talent density, the widespread use of Claude in internal workflows, and highly efficient sales channels.

Hong Kong-listed tech stocks rallied, with Tencent Music (01698.HK) rising over 5%, Trip.com Group-S (09961.HK) gaining over 4%, and JD.com (09618.HK), Bilibili (09626.HK), and others following suit.

Hong Kong stocks opened higher, with the Hang Seng Index up 0.33% and the Tech Index up 0.36%. Most mainland bank stocks opened higher, with Bank of China (Hong Kong) (02388.HK) up 1.3% and Harbin Bank (06138.HK) up 1.75%.

The Hang Seng Index (HSI) opened 76.32 points higher, or 0.33%, at 23469.64 on Tuesday, November 3rd; the Hang Seng Tech Index opened 13.76 points higher, or 0.36%, at 3853.17 on Tuesday, November 3rd; the Hang Seng China Enterprises Index opened 27.8 points higher, or 0.35%, at 7933.91 on Tuesday, November 3rd; and the Hang Seng Red Chip Index opened 6.72 points lower, or 0.17%, at 3905.03 on Tuesday, November 3rd.

Oracle (ORCL.N) reportedly plans to issue $10 billion worth of stock at an 11% discount, with the expected offering price at $116 per share.

According to Nikkei: Japan is studying standards for self-driving cars without steering wheels.

Australia's S&P/ASX 200 index opened 46.00 points higher, or 0.52%, at 8902.5 points on Tuesday, November 3.

A senior U.S. official said the United States will hold trilateral talks with Ukraine and Russia in Abu Dhabi on November 10-11.

According to the Financial Times, former U.S. Army Secretary Daniel P. Driscoll will join OpenAI as a senior advisor on national security modernization.

Nasdaq futures opened 0.25% higher on Tuesday.

Apple (AAPL.O) COO: As more products move to 2-nanometer technology, Apple's constraints in advanced process chip production are easing.

The U.S. Supreme Court refused to block California from counting voters' ballots, with the Trump administration claiming these voters were likely non-citizens.

Apple (AAPL.O) CFO: Apple's manufacturing procurement obligations increased by $33 billion during the two quarters ending in June and September.

Apple (AAPL.O) CFO: iPad revenue declined 10% due to supply constraints. Apple repurchased $24 billion worth of stock in the fourth fiscal quarter.

Apple (AAPL.O) CFO: The outlook takes into account the headwinds from third-party licensing and foreign exchange.

Apple (AAPL.O) CFO: We expect services revenue to grow by 8% to 9% in the first fiscal quarter.

Apple (AAPL.O) CFO: Gross margin forecasts already factor in the impact of memory chip costs and Siri AI costs.

Apple (AAPL.O) shares fell nearly 3% in after-hours trading.

Apple (AAPL.O) CFO: Gross margin is expected to be 45% to 46% in the first fiscal quarter.