Are high-dividend ETFs no longer a lifeline? Juan Mu-hua reveals the key "total return including dividends" indicator: this allocation is the stable one
Stock market warning (for editorial department use)
2026-10-31 00:00–03:00 JST
58 received, 58 listed, 7 sources
One place for news and notices from 2 countries/regions: Taiwan, 51 items from 6 sources; Japan, 7 items from 1 source.
One edition every 180 minutes: every item from every source received in the period, with the original link.
Taiwan | 風傳媒（15）
Kaohsiung mayoral debate: Lai Jui-lung slams Ko Chih-en as "only following party will": Taipei feasts on a grand banquet while Kaohsiung gets only plain congee
At the Kaohsiung mayoral candidates' debate, Lai Jui-lung criticized Ko Chih-en for only caring about party will, and used a grand banquet and plain congee as a metaphor for the gap in resource allocation between the two places.
Kaohsiung mayoral debate: Ko Chih-en mocks Lai Jui-lung as "still selling yellow rubber ducks": Taking over city governance is not a baton designated by a faction
At the Kaohsiung mayoral debate, independent candidate Ko Chih-en publicly criticized Democratic Progressive Party candidate Lai Jui-lung, sarcastically saying he only takes credit for past achievements such as the "yellow rubber duck," and stressed that the handover of city leadership should not be predetermined by party factions but should depend on actual governing ability.
Consumer confidence index falls to a 17-year low! Scholar reveals the harsh truth behind the "AI boom": these people are having a harder time
Taiwan's consumer confidence index in October fell to a 17-year low of 66.27 points. Scholar Wu Da-jen pointed out that although AI semiconductor exports have driven GDP growth, only 1 in 10 workers benefit, and most people keep their funds in capital markets because of inadequate retirement protection, resulting in sluggish real consumption.
Facts
- Taiwan's consumer confidence index (CCI) in October was 66.27 points, down 2.5 points from the previous month.
- The "purchase of durable goods" sub-indicator in October fell to 82.97 points, the lowest in more than 17 years.
- Taiwanese people's retirement protection (old-age pensions) is severely inadequate compared with that in the US and Europe.
- The share of employed people in Taiwan's electronics industry who benefit from AI growth is less than one tenth of total employment.
- The share of the population earning less than the average salary has exceeded 70%.
- Traditional industries employ as many as 2 million people, and from the 4th quarter they face competitive pressure from the agreement reached between the US and China.
- The service sector, which affects 7 million workers, is what people feel most, but domestic tourism is currently weak and foreign tourists are lacking.
Taipei City Government teams up with Muzha Farmers' Association to promote local tea industry; Tieguanyin crosses over into dining and settles in Xinyi commercial district
The 臺北市政府產業發展局 and the Muzha District Farmers' Association held a tea industry promotion event in the Xinyi commercial district from the end of October to early November, showcasing crossover processed products such as Tieguanyin tea beer and tea chicken soup, aiming to expand local agricultural markets and integrate food and agriculture education.
Facts
- The 臺北市政府產業發展局 and the Muzha District Farmers' Association held the "Muzha Little Tea House: Halloween Tea Buzz" event at the Vie Show Cinemas Xinyi pedestrian plaza from Oct. 30 to Nov. 1.
- In September 2025, the Muzha District Farmers' Association collaborated with 金色三麥 to launch "Tieyun Black Tea Beer."
- The Muzha District Farmers' Association collaborated with 雙月食品社 to develop "Tieguanyin tea chicken soup," and the first batch of products uses Tieguanyin competition tea.
- Cold-brew tea sold at the event costs 60 yuan per bottle.
- Development of the "Tieguanyin tea chicken soup" product was supported by 農業部農糧署北區分署.
Companies mentioned：臺北市政府產業發展局、臺北市木柵區農會、金色三麥、雙月食品社、農業部農糧署北區分署
Hsueh Chao-chi drops the campaign truck and begins a "100-Mile Walk" through the alleys of Zuonan: walking the last stretch entirely on foot
Hsueh Chao-chi, a city councilor candidate for Kaohsiung's Zuonan district, launched a "100-Mile Walk" in the final sprint of the campaign, abandoning the campaign truck to visit on foot, aiming to cultivate grassroots support through face-to-face interaction while paying attention to local transportation and environmental development.
Facts
- Hsueh Chao-chi is a city councilor candidate for Kaohsiung's Zuoying and Nanzi districts.
- Hsueh Chao-chi launched the "100-Mile Walk" campaign in the final sprint of the election.
- The number Hsueh Chao-chi drew when registering for this election is 11.
- Hsueh Chao-chi gave up using a campaign truck and instead visits markets, alleys and neighborhoods on foot.
- The issues Hsueh Chao-chi focuses on include Lotus Pond tourism, old city culture, Nanzi traffic, Houjing River environment and traditional market renewal.
What happened to Fa-ge? 聯發科 inventory surges 55.1 billion, cash flow turns negative; experts interpret financial report: risk is not in this generation
聯發科's financial report disclosed a surge in inventory of 55.1 billion and negative cash flow, raising market concerns about its operating health; however, experts analyzed that this financial fluctuation is a cyclical adjustment, and that core risk does not extend to the current main product generation, implying that product competitiveness remains solid.
Companies mentioned：聯發科
Did Lai Jui-lung receive a 3 million donation from 雲豹能源? Huang Kuo-chang blasts "green double standard": prosecutors go weak-kneed when they meet the New Tide faction
Taiwan People's Party legislator Huang Kuo-chang publicly accused New Tide faction legislator Lai Jui-lung of receiving a 3 million yuan donation from 雲豹能源, and harshly criticized prosecutors and investigators for being soft on New Tide members, claiming a green double standard problem exists.
Companies mentioned：雲豹能源
國泰投信 overhaul: Lee Chang-keng reveals "why sacrifice taxes" to bring the Cathay Life investment team in
國泰金控 is driving a large-scale organizational change, merging the Cathay Life investment team into 國泰投信 to save on taxes and strengthen international capabilities. By setting up an independent research department, implementing a dual chief investment officer system and introducing the Aladdin system, it aims to improve investment research efficiency and attract third-party capital.
Facts
- 國泰金控 President Lee Chang-keng said that if Cathay Life's investment positions were managed by itself, 國泰投信 would have to pay a 5% business tax; bringing the team in at the cost of tax revenue is to save this amount and pursue long-term stable returns.
- 國泰投信 has set up the industry's first independent research department, which currently has 45 full-time researchers supporting more than 70 fund managers.
- 國泰投信 implemented an unprecedented dual chief investment officer system in August this year, held by Lin Shih-chiao and Cheng Li-cheng respectively.
- 國泰投信 plans to introduce 貝萊德 (BlackRock)'s Aladdin risk management platform in November this year.
- 國泰投信 currently has about 60 國泰人壽 equity investment personnel who have moved to 國泰投信, and it is expected to add another 90 next year after fixed-income investment personnel move in.
Companies mentioned：國泰金控、國泰投信、國泰人壽、貝萊德、BlackRock
Taiwan Beauty Valley achieves a decade of success! Joins hands with six countries' Beauty Valleys to sign MOUs, putting Taiwan's cosmetics technology on the world stage
台灣麗谷產業創新聯盟 held its 10th anniversary celebration on the 30th and signed MOUs with six countries' Beauty Valleys to promote cosmetics R&D for humid and hot climates and international cooperation.
Facts
- 台灣麗谷產業創新聯盟 held its 10th anniversary celebration and International Beauty Summit on the 30th at the IEAT Conference Center in Taipei.
- At the event, memoranda of understanding (MOUs) on international cooperation were signed with six countries: France, Spain, Thailand, South Korea, Japan and India.
- Taiwan Beauty Valley is a founding member of the 全球麗谷聯盟 (GCC).
- The event combined 6 major themed exhibition zones with 11 keynote talks, showcasing the R&D and manufacturing strength of Taiwan's cosmetics industry.
- Taiwan Beauty Valley Chairperson Lee Lin-yuan said that over the next decade it will use the 全球麗谷聯盟 as an international platform to put Taiwan on the world stage.
Companies mentioned：台灣麗谷產業創新聯盟、Taiwan Beauty Valley、全球麗谷聯盟、GCC、法國麗谷、Cosmetic Valley、西班牙麗谷、Beauty Cluster、泰國麗谷、TCOS、日本麗谷、JCC、韓國麗谷、IBITA、印度麗谷、Blue Valley、台北 IEAT 會議中心
Completion in ROC year 123! Taoyuan Bade Municipal Hospital aims to break ground within 2 years, connecting to MRT Green Line Station G29 to create a smart healthcare hub
Taoyuan Mayor Chang Shan-cheng announced the preparation plan for the Bade Municipal Hospital main hospital, striving for completion in ROC year 123. The hospital will connect to MRT Station G29 and provide services for acute and critical care, obstetrics and gynecology, and pediatrics, while the surrounding road network will be widened and infrastructure upgraded.
Facts
- The Taoyuan Bade Municipal Hospital main hospital is expected to be completed in ROC year 123.
- The municipal hospital main hospital will connect directly to MRT Green Line Station G29.
- The Changxing Road cable undergrounding project will start in December this year.
- The section from Lane 99, Xinsheng Road to Kanding Road will be fully widened into a 30-meter boulevard.
- The municipal hospital main hospital will focus on acute and critical care, obstetrics and gynecology, and pediatrics.
MRT Green Line Station G11 Arts and Culture District unboxed first! Tours open for a limited 6 days, "Halloween City photo zone revealed," striving for northern section opening
Taoyuan MRT Green Line Station G11 Arts and Culture District was unveiled on Oct. 30 and opened to the public until Nov. 4. The station incorporates a photo zone tied to the Halloween City festival, with a design incorporating local peach blossom imagery. The city government is speeding up first-phase construction, aiming to open the Kengkou to Arts and Culture District station section.
Facts
- Taoyuan MRT Green Line Station G11 Arts and Culture District officially held its unboxing event on Oct. 30.
- Station G11 Arts and Culture District is open to the public from Oct. 30 to Nov. 4.
- Station G11 Arts and Culture District has set up a check-in zone tied to "2026 Taoyuan Halloween City."
- The entrances of Station G11 use a hybrid steel-and-wood structure and a wooden canopy design.
- Taoyuan Mayor Chang Shan-cheng hopes residents can take the MRT to Halloween City next year.
When Meng Po soup meets a vending machine! The 2026 Taoyuan Technology Art Festival enters its 10th year, with 11 teams from Taiwan and abroad using AI to re-explore life's questions
The "2026 TAxT Taoyuan Technology Art Festival" opens on Nov. 30 in Zhongli, Taoyuan, marking its 10th anniversary. This year introduces generative AI technology, with 11 teams exhibiting, and raises the performance arts award prize to 2.1 million yuan, combining businesses and schools to promote technology education.
Facts
- The 2026 TAxT Taoyuan Technology Art Festival opened on Nov. 30 at the Zhongli Chung Yuan Cultural and Creative Park, marking the 10th year of the exhibition.
- This year's exhibition invited 11 leading art teams from Taiwan and abroad, and for the first time deeply incorporates generative AI technology.
- This year's Taoyuan Technology Performing Arts Award carries total prize money of 2.1 million yuan, with 1.2 million yuan for the gold award.
- For the first time, 臻鼎科技集團 has devoted resources, partnering with 4 schools to hold 5 PCB technology art workshops.
- This year, 文化局 is organizing 11 campus tours and 5 exclusive guided tours for remote-area schools to promote technology art.
Companies mentioned：廣藝基金會、臻鼎科技集團、文化局
No candy, no "bear" mischief! At Kaohsiung's Zhengxing Elementary School Halloween costume carnival, 200 parent-child groups play pranks and the principal, dressed as an "old prince," steals the show
Kaohsiung's Zhengxing Elementary School held a Halloween event on Oct. 30, with more than 200 parent-child groups in a costume parade, joined by Principal Wang Yen-yan dressed as an "old prince" and the Kaohsiung Bear. For the first time, the school teamed up with 10 neighboring community shops for off-campus trick-or-treating, promoting community co-learning.
Facts
- Zhengxing Elementary School in Kaohsiung's Sanmin District held a Halloween event on Oct. 30.
- More than 200 parent-child groups took part in Zhengxing Elementary School's creative costume parade.
- Zhengxing Elementary School Principal Wang Yen-yan transformed into an uncle-style "old prince" and made an entrance carrying a giant rose.
- Kaohsiung tourism ambassador "Kaohsiung Bear" made a surprise appearance at Zhengxing Elementary School's Halloween event.
- For the first time this year, Zhengxing Elementary School linked up with 10 neighboring community shops for off-campus trick-or-treating.
Taichung Economic Development Bureau Director Attends Turkish National Day Reception, Joining Envoys from Many Countries to Expand City Trade Exchanges
Taichung Economic Development Bureau Director Chang Feng-yuan attended the Turkish National Day reception on behalf of Lu Shiow-yen, deepening Taiwan-Türkiye culinary and cultural ties. At the reception he interacted with envoys from Thailand, Australia, South Africa and other countries, and announced that the Taichung Shopping Festival will give away Turkey flight tickets, showing the city's international appeal and potential for trade cooperation.
Facts
- Taichung City Government Economic Development Bureau Director Chang Feng-yuan, on behalf of Mayor Lu Shiow-yen, attended the Turkish National Day reception and extended congratulations to Representative Kerem Kaya of the Turkish Trade Office in Taipei and to all the Turkish people.
- Representative Wen Nalong of the Thailand Trade and Economic Office personally invited Mayor Lu to attend Thailand's National Day celebration in early December.
- Zakhele Mnisi, representative of the South African Liaison Office, said he hopes to attend the 2027 Taichung Jazz Festival.
- This year the Taichung City Government has specially included "round-trip tickets for two from Taiwan to Türkiye" among the top prizes of the "Taichung Shopping Festival."
- The 2026 Taichung Shopping Festival kicked off on Oct. 24; people who register purchase invoices or receipts through the "Taichung Tong TCPASS" app have a chance to win round-trip tickets to Türkiye.
- Taichung has promoted the Hot Pot Festival since year 112, and in year 114 specially added a "vegetarian selection" to advocate low-carbon eating.
Taiwan | 公視新聞（12）
Kaohsiung Mayoral Debate: Lai Jui-lung Vows to "Take the Fourth Baton," Ko Chih-en Says Only a Change of Power Can Expose Wrongdoing | 公視新聞 PNN
In the Kaohsiung mayoral candidates' debate, the KMT's Ko Chih-en and the DPP's Lai Jui-lung clashed. The two sides discussed concert economy, the lifting of the Kaohsiung International Airport curfew, and the new airport issue. Ko Chih-en argued that a change of ruling party is needed to expose wrongdoing and proposed setting up an anti-bullying office; Lai Jui-lung stressed his record of winning 600 billion in budget, and urged voters to let him take the "fourth baton" and continue driving Kaohsiung's development.
Facts
- In total, over 600 billion in budget was won for Kaohsiung
- Original二〇五兵工廠
Companies mentioned：公視新聞 PNN、民視、中天、台積電、輝達
AI Supply Chain Shortage? Foxconn Chairman Young Liu: It Is Demand Outstripping Supply | 公視新聞 PNN
At Foxconn Tech Day, Foxconn Chairman Young Liu said the AI supply chain is not in shortage but is facing demand that outstrips supply, stressing vertical integration capability; 聯發科 CEO Rick Tsai said AI demand will continue to grow; the Directorate-General of Budget, Accounting and Statistics announced that Q3 exports rose 44.63% year on year and economic growth was 14.36%, a record high for the same quarter in 48 years.
Facts
- Taiwan's Q3 merchandise exports totaled 244.9 billion US dollars
- Up 44.63% year on year
- The statistic is 14.36%
- A record high for the same quarter in 48 years
- The benchmark index closed at 45,211 points
- Down 885 points
Companies mentioned：鴻海科技集團、聯發科、Google、Alphabet、台積電
E-commerce Tech Service 91APP Data Breach: Company Confirms Nearly 4.8 Million People May Be Affected | 公視新聞 PNN
E-commerce technology service leader 91APP suffered a personal data breach, confirming that nearly 4.8 million consumers and 1,329 partner brands may be affected. The report also mentions that Japan's 無印良品 and the world's largest cryptocurrency exchange 幣安 were also hit by hackers, which experts link to AI-automated vulnerability discovery.
Facts
- Consumers possibly affected: 4,798,255
- Maximum number of affected brands: 1,329
- After 25 days of investigation
- Stores transaction data from "within the past 18 months"
- About 27.26 million customer records
- About 5.8 billion US dollars in assets flowed out
- Plunged 3.7%
- Fell below 79,000 US dollars
Companies mentioned：91APP、無印良品、良品計畫、幣安
Heavy Rain at Turkish World Heritage Tourist Site: "Fairy Chimney" Volcanic Rock Tower Collapses, 3 Dead | 公視新聞 PNN
Continuous heavy rain caused a volcanic rock tower of the "Fairy Chimney" in Cappadocia, Türkiye, to collapse, leaving 3 dead and 5 injured; the site is a World Heritage site and drew 4.5 million visits in 2025.
Facts
- 3 people have died so far
- 5 injured people were taken to the hospital
- 4 people have already been discharged
- Visitors in 2025 alone
- Reached as many as 4.5 million visits
- It occurred at around 3:15 p.m. local time
- 2 were Turkish citizens
- In 2024, it also happened locally
Keelung Councilor Candidate Surnamed Lee Released on Bail in Vote-Buying Case; Husband and Father-in-Law Detained | 公視新聞 PNN
A Keelung councilor candidate surnamed Lee was released on bail over alleged vote buying, while her husband Chang Ping-chun and father-in-law were subject to a detention request with no-contact order over risk of collusion and evidence tampering; Taitung prosecutors also investigated alleged vote buying involving Wu Ching-huai and others and requested detention, and Penghu uncovered a case of falsely relocating household registrations to aid a campaign.
Facts
- Ordered released on bail of 200,000 yuan
- Giving gifts worth more than 30 yuan
Companies mentioned：公視新聞 PNN、基隆地檢署、台東地檢署、澎湖檢方、基隆地方法院
"Ocean Current" Ribbon Edited Out of Winners' Group Photo; Taipei Industrial Development Bureau Apologizes, Blames Vendor Error | 公視新聞 PNN
At the Taipei Design Awards ceremony, the "Ocean Current" ribbon in the winners' group photo was edited out by 北市府, and the Industrial Development Bureau apologized, blaming a vendor error; the report also covers the campaign activities of the Taipei and New Taipei mayoral candidates and preparations for New Taipei's Christmasland.
Facts
- The Taipei mayoral debate is set to take place on the 31st
- The city opens in half a month
- In the future it can be held in rotation across all 29 districts
Companies mentioned：鳴天設計、北市府、公視新聞 PNN
Pianos Placed in Stations and Malls for Public Play; Musician: Public Spaces Should Consider Foot-Traffic Flow | 公視新聞 PNN
Public pianos have been placed at Taipei Dome, Taoyuan Airport, Kaohsiung MRT and other locations for people to play, prompting discussion about foot-traffic flow and maintenance in public spaces.
Facts
- A single playing session is recommended to be limited to 20 minutes
- Open daily from 11 a.m. to 10 p.m.
- Daily from 9 a.m. to 7 p.m.
- Has accompanied the public for more than 2,500 days
Companies mentioned：公視新聞 PNN、遠雄巨蛋公司、衛武營國家藝術文化中心、台灣國樂團
Tainan Station Announces Ban on Unapproved Instrument Playing; City Government Mediates Conditional Opening | 公視新聞 PNN
Original台南車站因民眾陳情及台鐵擔心涉及廣告行為，曾公告禁止未經申請的樂器演奏，經市府協調後撤銷禁令，改以有條件開放方式規範，要求不得涉及商業行為、影響通行或使用擴音設備。
Facts
- But on the 29th it suddenly announced a ban on unapproved instrument playing within the station area
- Red ropes were also put up around the piano, and on the afternoon of the 30th there was a time when people did not dare to approach and play
Companies mentioned：台鐵、台南應用科大、台南市府
Mailiao Carbon Storage Exploration Project Passes Review, Enters Site Verification Stage | 公視新聞 PNN
Original台塑石化麥寮碳封存地質探勘計畫通過審查，為《碳捕捉封存管理辦法》施行後首案，標誌國內進入場址實證階段；台塑化證實將與台積電合作改建電廠並搭配碳封存。
Facts
- Passed review on the 29th
- An area of about 50 kilometers by 50 kilometers
- The so-called 90% claimed
- Only reduced to around 65%
Companies mentioned：中油、台塑石化、台積電
Canada and the EU Hope to Build a Future Alliance, Deepening Economic, Trade, Defense and Technology Cooperation | 公視新聞 PNN
Leaders of Canada and the EU met to discuss building a close strategic partnership and an "associate member" concept. Cooperation focuses on defense, artificial intelligence, critical minerals and supply chain security, in response to shifts in global trade and U.S. tariff pressure.
Facts
- Next year (2027)
Companies mentioned：歐洲投資銀行
First Scores of High School English Listening Test Released, Share of Students at Level C Rises Slightly | 公視新聞 PNN
The first scores of the 116 academic year high school English listening test have been released. 87,644 students took the test, and the share at Level C rose slightly. 大考中心 noted that Level A students fell short of a 90% score rate only on long-passage listening comprehension, while Level C students performed weakest on short passages and long-passage listening comprehension. As the number of university departments and programs that factor in the test has declined year by year to 23, admissions experts and school principals are debating whether to keep or abolish the English listening test, its educational fairness, and whether to reduce the number of sittings.
Facts
- 87,644 students actually took the test
- Level A 21.47%
- Level B 37.15%
- Level C 36.12%
- Level F 5.26%
- Score rate fell short of 90%
- Correct answer rate was only 40%
- Score rate was 73.29%
- The number of departments and programs that factor in the test went from 327
- 50 in the 111 academic year
- 45 in the 112 academic year
- 34 departments and programs maintained in the 113 and 114 academic years
- Reduced to 27 in the 115 academic year
- Further reduced to 23 in the 116 academic year
Companies mentioned：公視新聞 PNN、大考中心、大學問
2 Candidates Named "Sullivan" Spark Same-Name Dispute; U.S. Justice Department Sues Alaska State Government | 公視新聞 PNN
During the U.S. midterm elections, a controversy arose in Alaska over two candidates with the same name, "Dan Sullivan." The Democratic candidate's camp is suspected of having recruited a person with the same name to split Republican votes. The U.S. Department of Justice therefore sued the Alaska state government, and Trump expressed displeasure and criticized the move as cheating. In addition, Trump clashed with reporters at a campaign rally, while 庫克報告 predicts Democrats may gain an advantage in both the Senate and the House.
Facts
- Winning 51 seats for a majority
- 12 to 22 seats retaken by Democrats
- Securing at least 220 seats for a majority
Companies mentioned：紐約時報、路透社、CNN、庫克報告
Taiwan | 鉅亨網（10）
Original通膨不會自己降！穆薩列姆籲Fed儘快再升息 市場估12月升息機率近八成
St. Louis Fed President Musalem called on the Fed on Friday to raise rates soon to address excessive inflation, and the market expects a 76% chance of a December hike. The Fed held rates unchanged at 3.75%-4.00% this week. Economic data show GDP growth of 3.4% and a stable labor force, but PCE prices remain above 3%, so the price stability goal has not been met.
Facts
- 聖路易聯邦準備銀行 President Musalem urges 聯準會 to raise rates further soon
- Original市場估計聯準會12月升息1碼的機率約為76%
- 聯準會 held its benchmark interest rate in the 3.75% to 4.00% range this week
- The latest U.S. gross domestic product (GDP) growth rate is 3.4%
- The latest U.S. personal consumption expenditures (PCE) price index is up more than 3% year over year
- The U.S. unemployment rate is 4.2%, in line with the median of Fed officials' long-term projections
Companies mentioned：聖路易聯邦準備銀行、聯準會、Fed、芝商所
高盛 Bets on an AI Rebound with a New Approach: Not Going Outright Long, Buying "Insurance" First
高盛 adjusts its AI trading strategy, recommending using combinations of options and puts to take part in the rebound while hedging risk. Among tech giants, it favors 亞馬遜; among emerging cloud providers, it recommends CoreWeave convertible bonds, and proposes a discrete trading strategy to cope with the high-volatility environment.
Facts
- So far this year, 高盛's momentum factor stock basket has had 30 single-day moves of more than 5%.
- 高盛 prefers S&P 500 lookback puts expiring in March 2027 at 90%, costing 1.82%.
- 高盛 favors a call spread strategy on 亞馬遜 expiring in December with strike prices of 280/310 dollars.
- The basket of emerging cloud service provider stocks tracked by 高盛 has fallen more than 28% this month.
- The 12-month implied correlation of the Nasdaq 100 Index has risen from about 25% in summer to 32.6%.
- CoreWeave shares fell 30% this month, while its convertible bonds fell only 1 to 2 points on a delta-neutral basis.
- The post-earnings move implied by 微軟's options market is only 4.7%, far below 15.5% last quarter.
Companies mentioned：高盛、亞馬遜、微軟、CoreWeave、摩根大通
The AI Magic of Tech Giants Is Fading; Wall Street's Year-End Rally Faces a Tough Test
The AI investment theme of tech giants is fading, and weaker-than-expected earnings from Alphabet and 微軟 have exposed fatigue in U.S. stocks. With the Iran war, Fed rate hike risk and inflation pressure facing the market, a year-end push to 8000 points has become much harder.
Facts
- Alphabet (GOOGL-US) shares plunged nearly 13% on Thursday (the 29th), the largest single-day drop since its listing.
- The S&P 500 Index (SPX) is estimated to have risen only 1% in October, while the Nasdaq Composite Index (COMP) is estimated to have fallen 2.2% in October.
- Slightly more than half of companies have reported results so far in the third-quarter earnings season, with profits beating market expectations by an average of 4.5%.
- Oil prices are now holding firmly above 100 dollars per barrel.
- There are 44 trading days from now until year-end. If the S&P 500 is to reach the 8000 points Wall Street firmly predicts, it would have to rise an average of about 6.8 points per day over the remaining trading days.
Companies mentioned：Alphabet、GOOGL-US、微軟、MSFT-US、Fifth Third Wealth Advisors、Questar Capital Partners、凱投宏觀、Capital Economics、Plante Moran Financial、RBC Capital Markets、LSEG
Rare Warning Sign in U.S. Stocks! Key Indicator Surges to Nearly 70-Year High; Two Major Bear Markets Followed Before
The U.S. stock QMJ factor posted its largest monthly gain since 1957 in July this year. Similar episodes in history were mostly accompanied by bear markets, raising market concern about a reversal of speculative trading after the AI boom.
Facts
- The QMJ factor surged 14.3% in July this year, its largest monthly gain since 1957.
- The second- and third-largest monthly QMJ gains came in November 2000 and October 2008, both during bear markets.
- From November 2023 to June 2026, a portfolio going long the highest-quality U.S. companies and short the lowest-quality ones lost a cumulative 36%.
- The basket of unprofitable tech stocks tracked by 高盛 surged 57% in the first five months of this year.
- AST SpaceMobile shares fell 56%, and D-Wave Quantum fell 52%.
Companies mentioned：Porter and Company、AQR資本管理公司、高盛、AST SpaceMobile、D-Wave Quantum、寶僑、可口可樂、Church & Dwight、高露潔棕欖
Original英特爾股價狂瀉近3成！PC疲弱、代工大單未明 明年自由現金流恐轉負
英特爾's third-quarter profit beat expectations, but its fourth-quarter guidance fell short and its cash flow may turn negative next year, sending the shares sharply lower. Weak PC business, unclear large foundry orders and sharply higher capital expenditure were the main negatives. Despite strong growth in the data center business, doubts about the pace of its transformation remain.
Facts
- 英特爾's third-quarter revenue was 16.513 billion dollars, up 21% year over year; adjusted earnings per share were 0.52 dollars, better than market estimates.
- 英特爾 expects fourth-quarter revenue of only 15 billion to 16 billion dollars, below the market expectation of about 17.1 billion dollars; adjusted earnings per share are estimated at 0.25 dollars.
- An explosion at the Fab 28 plant in Kiryat Gat in southern Israel halted production for about two weeks, initially estimated to reduce fourth-quarter revenue by about 300 million dollars.
- 英特爾's Data Center and AI (DCAI) business had third-quarter revenue of 7.318 billion dollars, up 78% year over year, with an operating margin of about 42%.
- 英特爾's foundry business posted a third-quarter operating loss of 1.853 billion dollars, and external revenue of 411 million dollars was mainly driven by one-time customer projects.
- 英特爾 expects the overall PC total addressable market in 2026 to shrink by about 12% in unit shipments, with a decline of more than 20% in the second half.
- 英特爾 maintains its estimate of gross capital expenditure of about 20 billion dollars in 2026, and free cash flow next year will likely not stay positive.
Companies mentioned：英特爾、INTEL、台積電、AMD、摩根士丹利、美銀、SemiAnalysis
Oversold signal? Google stock hits a "death cross"; in 4 of the past 5 instances, shares rose six months later
Alphabet's stock posted its largest single-day drop on record and triggered a death cross after weak third-quarter results and slowing growth in its core search business. However, historical data shows shares mostly rose within six months of this signal, and an extremely low RSI suggests pessimism may be near its peak.
Facts
- Alphabet's stock posted its largest single-day drop on record and triggered a death cross after third-quarter results fell short of expectations.
- Alphabet's 50-day moving average fell to $340.26, dropping below its 200-day moving average of $340.93.
- Alphabet has had 5 death crosses in the past 10 years; in 4 of them the shares were higher 6 months later, with an average gain of 21.9%.
- Alphabet's 14-day Relative Strength Index (RSI) fell to 23.1, the lowest since June 2011.
- Alphabet's stock has fallen nearly 18% since early October.
Companies mentioned：Alphabet、GOOGL-US、FactSet、道瓊市場
Refusing to serve war! Strike wave hits 113 ports worldwide
Dockworkers in Europe and elsewhere launched strikes on the 30th, involving 113 ports in 22 countries. The workers are protesting the use of ports to transport weapons and casualties among seafarers in conflict zones, and are demanding higher pay, better conditions and doctors aboard ships in war zones.
Facts
- The strike involves 22 countries and a total of 113 ports.
- The strikers are demanding higher wages, better working conditions, and doctors accompanying ships that pass through war zones.
- So far this year, 570 attacks have been confirmed in the Black Sea region, killing 40 seafarers.
- The protest will halt about 52,000 containers, involving cargo worth 2.8 billion dollars.
- More than 25 unions currently support the strike.
US inflation-protected bond annual rate rises to 5.51%! Fixed rate hits nearly 20-year high
The US Treasury announced a new rate of 5.51% for Series I bonds, with the fixed rate reaching a record high of 1.40%. The move reflects persistent inflation pressure and draws investor attention to inflation-protection instruments, but the one-year holding period restriction should be noted.
Facts
- The fixed rate on Series I bonds rises to 1.40%, the highest since 2006
- The new rate applies to bonds purchased from Nov. 1, 2026 to Apr. 30, 2027
- Series I bonds can earn interest for up to 30 years, and must be held for at least one year before they can be redeemed
- US consumer price index (CPI) rose 3.7% year over year in September
US borrows a record 839 billion dollars in one week! Pressure of borrowing anew to repay old debt comes to the surface
The US government's total Treasury auctions this week reached a record 839 billion dollars, but net new borrowing was only 106 billion dollars. The phenomenon reflects financing needs from massive maturing debt and fiscal deficits, as well as pressure from rising financing costs.
Facts
- The US government raised 839 billion dollars through 11 Treasury auctions this week, a single-week record high.
- This week's total auction amount surpassed the record of 834 billion dollars set in the same period last year.
- Actual new borrowing this week was only 106 billion dollars, with most of the funds used to repay holders of maturing short-term Treasury bills.
- From March to April 2020, the highest weekly net fundraising by the US came close to 362 billion dollars.
- Tony Farren, managing director of rates sales and trading at Mischler Financial Group, said investors may demand higher US Treasury yields before they are willing to take on bonds.
- Bond market strategists expect the Treasury to adjust its guidance on the size of medium- and long-term Treasury auctions when it releases its next statement on Nov. 4.
Companies mentioned：彭博、Mischler Financial Group
US pay fails to keep up with prices! Labor cost growth loses to inflation for two straight quarters
The US BLS announced that third-quarter ECI rose 0.8% quarter over quarter, with labor cost growth trailing prices for two consecutive quarters and real wages falling 0.6%. Although wage growth slowed, private-sector health benefit costs surged 6.4%, a record, showing that inflation pressure is shifting structurally and eroding workers' purchasing power.
Facts
- The US third-quarter Employment Cost Index (ECI) rose 0.8% quarter over quarter and 3.4% year over year
- After adjusting for inflation, third-quarter employment costs fell 0.4% from a year earlier
- Third-quarter wages for civilian workers slowed to 0.7% quarter over quarter and 3.1% year over year
- Real wages for the 12 months through September fell 0.6%
- Private-sector health benefit costs rose 6.4% year over year, the highest since 2005
Taiwan | 中央社 CNA（8）
Heavy selling in tech stocks; European shares mostly close lower
Weak earnings from major US tech companies heightened market concerns about the artificial intelligence (AI) investment boom, leading to heavy selling in tech stocks and most European markets closing lower.
Facts
- Up 7.71 points
- or 0.07%
- closing at 10729.78 points
- Down 221.47 points
- or 0.85%
- closing at 25818.21 points
- Down 0.58 points
- or 0.01%
- closing at 7969.42 points
Companies mentioned：中央社、FTSE 100、DAX、CAC 40
Jensen Huang close to Chinese-born female executive; US media: US, Singapore and Taiwan officials worry about intelligence being passed to China
US media report that 輝達 CEO Jensen Huang is close to Chinese-born executive Huang Le, and officials in the US, Singapore and Taiwan worry Huang Le may provide AI chip intelligence to China.
Facts
- (中央社 Washington, the 30th, compiled from foreign wire reports)
- In late 2024, after authorities began monitoring Huang Le
- (Translated and edited by Chen Cheng-chien) 1151030
Companies mentioned：中央社、華爾街日報、輝達、Megaspeed International、Megaspeed
Kaohsiung mayoral election debate: Lai Jui-lung and Ko Chih-en both let citizens score them
The 2026 nine-in-one election Kaohsiung mayoral debate took place, with Kuomintang candidate Ko Chih-en and Democratic Progressive Party candidate Lai Jui-lung sparring over policy platforms, the environmental pollution case and political donations. Both said they would leave the scoring to citizens.
Facts
- 2026 Nine-in-One Elections
- 1151030
Mayoral election debate: Lai Jui-lung says Kaohsiung cannot go back to the old path of favoring the north over the south
Lai Jui-lung, the 民主進步黨 candidate for Kaohsiung mayor, said in the televised debate for the 2026 nine-in-one election that Kaohsiung cannot go back to the old path of favoring the north over the south, and criticized 中國國民黨 candidate Ko Chih-en for not speaking up for Kaohsiung and for supporting the amendment of the Revenue Allocation Act.
Facts
- 2026 Nine-in-One Elections
- Past 4 years
- In just 2 years
- 3 ballots
- Past 20 years
Companies mentioned：中央社、民主進步黨、中國國民黨
英特爾 shares plunge nearly 30%, may mark largest single-day drop, setting off tech stock decline
英特爾's forecast fell short of expectations, and its shares plunged nearly 30% in early trading, possibly marking the largest single-day drop on record. Tech stocks such as 超微 and 輝達 fell in sympathy, and server-related stocks such as 戴爾科技, 慧與科技 and 美超微 also dropped significantly.
Facts
- Shares plunge 29%
- Fourth-quarter revenue will be only 15 billion to 16 billion dollars
- Original市值將蒸發高達1370多億美元
- about 4.47 trillion New Taiwan dollars
- Shares fell between 2% and 10%
- Shares fell between 6% and 10%
Companies mentioned：英特爾、Intel、超微、AMD、安謀、ARM、高通、Qualcomm、輝達、Nvidia、博通、Broadcom、美光、Micron、戴爾科技、Dell Technologies、慧與科技、Hewlett Packard Enterprise、美超微、Super Micro
Mayoral election televised debate: Ko Chih-en says Kaohsiung should not be controlled by factions
In the televised debate for the 2026 nine-in-one election Kaohsiung mayoral race, Kuomintang candidate Ko Chih-en criticized Democratic Progressive Party candidate Lai Jui-lung's self-description as the "4th baton of Kaohsiung" as exposing a factional mentality, saying the New Tide faction has long influenced Kaohsiung politics and looks down on Kaohsiung, stressing that Kaohsiung should not be controlled by factions, and responding to questions about her legislative contributions and fiscal issues.
Facts
- 2026 Nine-in-One Elections
- 4 years is not only about promoting benefits but also eliminating harms
Companies mentioned：中國國民黨、民主進步黨、中央社
Lai Jui-lung and Ko Chih-en clash in debate; 205 Arsenal and political donations in focus
In the televised debate for the 2026 nine-in-one election Kaohsiung mayoral race, Democratic Progressive Party candidate Lai Jui-lung and Kuomintang candidate Ko Chih-en sharply contested political donations, the development of the 205 Arsenal, and the amendment of the Revenue Allocation Act. The two questioned each other's performance on budget allocation, urban planning and familiarity with Kaohsiung.
Facts
- 205 Arsenal
- Reserve 3% of distributable funds for Taipei City
- The KMT's 2024 version of the proposed amendment to the Fiscal Revenue and Expenditure Allocation Act
- The other 7 legislators
- Original6000億算在自己頭上
Companies mentioned：民主進步黨、中國國民黨、中央社、輝達、大巨蛋、大立光
Debate clash: Lai Jui-lung urges against boxing him in with factions, Ko Chih-en says she holds the bottom line on bills
The Kaohsiung mayoral debate for the 2026 nine-in-one elections took place. DPP candidate Lai Jui-lung urged people not to box in his political stance with factional labels, while KMT candidate Ko Chih-en stressed that she holds the line on values when voting on bills. The two sides clashed over party will versus local interests, continuity of governance, and industrial development.
Facts
- Past 20 years
- More than half of the questioning time
- The next golden 10 years
Japan | PR TIMES（7）
Original日本発・第一三共の抗がん剤「エンハーツ」が最優秀バイオテクノロジー賞を受賞！2027年2月には「プリ・ガリアン・ジャパン」日本初開催
Original第一三共とアストラゼネカの抗がん剤「エンハーツ」が、The Galien Foundation主催の国際賞「プリ・ガリアン・インターナショナル 2026」で最優秀バイオテクノロジー賞を受賞した。また、同賞の日本初開催となる「プリ・ガリアン・ジャパン 2027」が2027年2月に東京で開催されることが発表された。
Facts
- Thursday, Oct. 29, 2026 local time
- Thursday, Feb. 25, 2027
- now operating in 17 countries worldwide and the African region
- it is now used by more than 250,000 patients worldwide
- across 9 indications in 7 years
Companies mentioned：The Galien Foundation、第一三共、アストラゼネカ、Regeneron、Sanofi、Evaxion、Edwards Lifesciences、MSD、Vertex Pharmaceuticals、Immunocore、Dren Bio、Denali Therapeutics Inc.、Novartis、Syndax Pharmaceuticals, Inc.、AEYE Health、Guardant Health、PureTech Health、Science Corporation、Strand Therapeutics
Cellato, Guinness World Records™ holder for "the world's most expensive ice cream," launches full-scale "Hotel Delivery" for inbound visitors to Japan. Delivered to your hotel as early as the next business day, "a scoop you can only eat in Japan" as a travel memory
Cellato, the luxury gelato brand operated by 株式会社OMER, has launched a full-scale "Hotel Delivery Service" that delivers gelato directly to the hotels where inbound visitors to Japan are staying.
Facts
- Officially certified price: 873,400 yen
- April 25, 2023
Companies mentioned：株式会社OMER、株式会社ダニエルズアーク、Cellato、CNN
[榎本ハンバーグ研究所] Second new menu item that unravels the management philosophy of Eiichi Shibusawa through "taste"! "New Shibusawa Hamburger Bowl: The Analects and the Abacus" goes on limited sale at the Nishigahara store (Shibusawa-dori store)!
株式会社榎研 began limited sales on Oct. 26, 2026 of a new menu item, "New Shibusawa Hamburger Bowl: The Analects and the Abacus," themed on Eiichi Shibusawa's management philosophy "The Analects and the Abacus," at 榎本ハンバーグ研究所 in Nishigahara, Kita Ward, Tokyo.
Facts
- 150 g hamburger: 1,880 yen
- 200 g hamburger: 2,210 yen
- Takeout (200 g hamburger): 2,310 yen
- Sales start date: from Oct. 26, 2026
- Uses 100% reduced-pesticide Koshihikari rice from Saitama Prefecture
Companies mentioned：株式会社榎研、榎本ハンバーグ研究所、築地精養軒、帝国ホテル
[Press Release] 株式会社セスタンテ acquires and takes over the business of Spanish heritage jewelry brand Joaquin Berao
株式会社セスタンテ has acquired and taken over the business of the Spanish heritage jewelry brand "JOAQUIN BERAO" and will continue operations through a subsidiary established in Madrid. In the Japanese market, it plans to open a store at 伊勢丹新宿店 in Nov. 2026.
Facts
- wholly owned (100%) subsidiary
- for more than 50 years
Companies mentioned：株式会社セスタンテ、SEJB JEWELRY, S.L.、伊勢丹新宿店、ISETAN SALONE
[Press Release] Jewelry brand Joaquin Berao opens at 伊勢丹新宿店 and unveils new collection
Spanish jewelry brand JOAQUIN BERAO has unveiled its 2026 new collection, the "ISAMU Collection," a tribute to sculptor Isamu Noguchi, and will open a new store at 伊勢丹新宿店 from Nov. 11.
Facts
- New store opens on the 1st floor of the main building of 伊勢丹新宿店 from Nov. 11
- 2026 new collection ISAMU Collection
- 1st floor, main building of 伊勢丹新宿店
- To the first 30 customers
- with purchases of 80,000 yen or more including tax
- Bangle, 1 style (269,500 yen)
- Earrings, 2 styles (from 81,400 yen)
- Ring, 2 styles (from 97,900 yen)
Companies mentioned：株式会社セスタンテ、JOAQUIN BERAO、伊勢丹新宿店
Second collaboration between Knives Out and NARUTO SHIPPUDEN begins Oct. 31! The Akatsuki gather in the wasteland!
NetEase Games' battle royale game Knives Out will hold its second collaboration event with NARUTO SHIPPUDEN starting Oct. 31, 2026. Features include the Hall of Fame debut of Sasuke and Itachi Uchiha, various items, and free gacha rewards.
Facts
- From Saturday, Oct. 31, 2026
- through Saturday, Nov. 14
- You can get 100 free gacha pulls
- serialization ended in 2014 after 700 chapters
- cumulative print run of the collected volumes has surpassed 250 million copies
- operating in more than 60 countries and regions
- operating in more than 145 countries and regions worldwide
Companies mentioned：NetEase Games、NetEase Interactive Entertainment Pte. Ltd、NetEase, Inc.、集英社、テレビ東京、ぴえろ
Children's international film festival "33rd KINEKO International Film Festival": Keiko Toda, Hideyuki Nakayama, Daisuke Yokoyama, Katsunori Takahashi, Mika Kanai, Sayako Makita and Shinba Tsuchiya take the stage at the opening ceremony
一般社団法人キネコ・フィルム held the opening ceremony of the "33rd KINEKO International Film Festival" in Futako-Tamagawa, Tokyo, on Oct. 30, 2026, where celebrities including Keiko Toda took the stage. The KINEKO Honorary Award was presented to Masako Nozawa.
Facts
- 33rd
- Oct. 30, 2026
- 10 ⽉ 30 ⽇
- 11 ⽉ 3 ⽇
- 4 works
Companies mentioned：一般社団法人キネコ・フィルム、世田谷区、文化庁、公益財団法人東京都歴史文化財団アーツカウンシル東京、公益財団法人 日産厚生会玉川病院、Swedish Film Institute、St. Mary's International School、二子玉川商店街振興組合、こども家庭庁、東京都、国土交通省 関東地方整備局 京浜河川事務所、世田谷区教育委員会、大田区教育委員会、川崎市教育委員会、渋谷区教育委員会、横浜市教育委員会、狛江市教育委員会、目黒区教育委員会、一般財団法人児童健全育成推進財団、一般社団法人 日本映画製作者連盟、全興連（全国興行生活衛生同業組合連合会）、一般社団法人 日本国際教育協会、駐日スウェーデン大使館、株式会社ティー ワイ リミテッド
Taiwan | 國家災害防救科技中心（5）
Water Outage (Taoyuan City)
Taiwan Water Corporation 台灣自來水公司 will suspend water supply to some villages in Guanyin District, Taoyuan City, because of a pipeline replacement project in the district.
Companies mentioned：台灣自來水公司
Baoshan No. 2 Reservoir (discharge to Shijing River): Free Overflow (Hsinchu City, Hsinchu County)
The Water Resources Agency 水利署 issued a notice that Baoshan No. 2 Reservoir is in free overflow, discharging into Shijing Creek. Affected areas include Baoshan Township and Emei Township in Hsinchu County, and East District, North District and Xiangshan District in Hsinchu City. Residents along the banks are advised to stay alert and keep away from the riverbed.
Facts
- Effective time: 2026-10-30T23:08:40
- Expiry time: 2026-10-31T02:09:00
Companies mentioned：水利署
Land strong wind advisory (yellow alert) (Pingtung County, Miaoli County, Taoyuan City, Lienchiang County, Hsinchu County, Taichung City, Taitung County, Penghu County)
The Central Weather Administration 中央氣象署 issued a land strong wind advisory (yellow alert), saying that from the evening of Oct. 30 to the evening of 31, 2026, there is a chance of average winds of Beaufort scale 6 or above or gusts of scale 8 or above in some areas of Lanyu, Green Island, Taoyuan City, Hsinchu County and other places.
Facts
- Average winds of scale 6 or above
- Gusts of scale 8 or above
Companies mentioned：中央氣象署
Huoshan Reservoir (discharge to Beigang River): Free Overflow (Yunlin County, Chiayi County)
The Water Resources Agency 水利署 issued an updated notice on Hushan Reservoir's free overflow into Beigang River, affecting multiple townships and cities in Yunlin County and Chiayi County. Residents along the banks are advised to be extra alert and keep away from the riverbed.
Facts
- Effective time: 2026-10-30T22:18:40
- Expiry time: 2026-10-31T01:19:00
Companies mentioned：水利署
Water Outage (Tainan City)
Taiwan Water Corporation 台灣自來水公司 will suspend water supply to some villages in Yongkang District, Tainan City, from 20:00 on the evening of 10/30 to 01:00 the next morning because of emergency pipeline repairs.
Facts
- 20:00
- 01:00
Companies mentioned：台灣自來水公司
Taiwan | Heho健康（1）
Health Calendar | Candy comes, worries go, happiness doubles! (Halloween) - Heho健康
Today is Halloween, Oct. 31. Besides dressing up and playing tricks, it is also the one day of the year when you can eat candy and be silly without a second thought. Let's use this magical holiday to chase away all our everyday stress!
Facts
- Oct. 31
Companies mentioned：Heho健康