News

Citigroup raised its price target for IBM from $245 to $280.

According to Iran's Tasnim News Agency, Rezaei, secretary of Iran's Supreme National Security Council, stated that Iran will formulate a broader action plan should conflict break out again, and indicated that enemy artificial intelligence facilities are among the targets. Rezaei stated that the United States possesses a large number of important assets in the region. In the event of war, undersea cables, data centers, and artificial intelligence facilities could all become targets.

Qatar's Ministry of Foreign Affairs: The fourth round of strategic dialogue between Qatar and France: to strengthen the solid strategic partnership between the two countries, expand prospects for bilateral cooperation in various fields such as economy, trade, investment, defense, security, education, culture and health, and coordinate joint efforts to support peace, stability and development at the regional and international levels.

Scotiabank: Raises its price target for Meta Platforms (META.O) to $650 from $600.

The Indian Ministry of External Affairs issued a statement regarding the Saudi Arabian attack: An Indian citizen has died in the attack on Dammam airport.

According to Axios, JPMorgan Chase, Bank of America, and Citigroup are also restricting the use of AI agents.

According to Axios, several banks, including Morgan Stanley, Bank of America, JPMorgan Chase, and Wells Fargo, are scrambling to take measures to control the risks posed by artificial intelligence agents.

The deputy CEO of a Norwegian wealth fund declined to comment on a potential merger between SpaceX and Tesla.

Deputy CEO of Norwegian Wealth Fund: We have publicly stated that we have always been slightly cautious about the overall stock market and also slightly cautious about some large technology stocks.

According to the Belarusian state news agency: Russia and Ukraine exchanged the remains of fallen soldiers in Belarus.

Turkish Energy Minister: The talks with Canada focused on assessing the feasibility of applying Canadian CANDU nuclear reactor technology in Türkiye.

Turkish Energy Minister: Türkiye and Canada also discussed liquefied natural gas trade, renewable energy investment, and mining.

Turkish Energy Minister: I met with the Canadian Energy Minister before President Erdogan's talks with Canadian Prime Minister Carney.

The Greek Ministry of Finance stated that Greece is working closely with US authorities to implement existing sanctions and support efforts to combat money laundering.

The Greek Ministry of Finance has noted the U.S. Treasury Department’s announcement regarding measures to address sanctions circumvention and illicit financial activities related to Iran.

The EU's oil coordination group: Diesel and jet fuel supplies remain tight.

The Hang Seng China Enterprises Index (HSI) closed down 717.19 points, or 3.03%, at 22,934.68 on Thursday, October 22. The Hang Seng Tech Index closed down 200.84 points, or 5.03%, at 3,793.93 on Thursday, October 22. The Hang Seng China Enterprises Index closed down 254.22 points, or 3.2%, at 7,689.19 on Thursday, October 22. The Hang Seng Red Chip Index closed down 104.69 points, or 2.66%, at 3,835.17 on Thursday, October 22.

Hong Kong stocks closed lower, with the Hang Seng Index down 3.03% and the Tech Index down 5.03%. Tech stocks, semiconductor supply chain and biotechnology sectors declined, with Lenovo Group (00992.HK) falling nearly 11%, Hua Hong Grace (01347.HK) down 9.5%, WuXi Biologics (02269.HK) down 8.4%, and Alibaba (09988.HK) down more than 6%.

Shares of US cloud infrastructure companies fell in pre-market trading, with Nebius (NBIS.O) down 5.6% and Coreweave (CRWV.O) down 5.2%.

U.S. chip stocks fell in pre-market trading, with Intel (INTC.O) shares down nearly 5% and Advanced Micro Devices (SMCI.O) down 4.8%.