Natural gas HDT +14.8x YoY in Oct on low base; Expect momentum to continue; Weichai our top pick Margin intact with topline acceleration 3Q23 earnings beat on strong operating leverage and business innovation NBS Oct data in line, Nov-Dec may continue to be weak on low buying sentiment Fixed Income Daily Market Update Fixed Income Daily Market Update Hyperscalers to deploy more custom AI chips to optimize&integrate AI infrastructure for maximized performance China Heavy Duty Truck:Weichai’s multi-cylinder engine sales +71% YoY;Market share gain continues Global fabless/IDM 3Q23 wrap: PC/SP recovery, auto/industrial mixed; Eye on Edge AI as new growth driver Good execution but rising concerns on price competition