{"id":73804,"date":"2026-10-29T06:08:20","date_gmt":"2026-10-29T10:08:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/byd-and-linde-post-q3-gains-amid-global-economic-shifts-china-sets-2027-party-congress\/73804\/"},"modified":"2026-10-29T06:08:20","modified_gmt":"2026-10-29T10:08:20","slug":"byd-and-linde-post-q3-gains-amid-global-economic-shifts-china-sets-2027-party-congress","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/byd-and-linde-post-q3-gains-amid-global-economic-shifts-china-sets-2027-party-congress\/73804\/","title":{"rendered":"BYD and Linde Post Q3 Gains Amid Global Economic Shifts; China Sets 2027 Party Congress"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>BYD (<a href=\"\/stock\/002594\">002594<\/a>)<\/strong> reported a <strong>28.1% increase in Q3 net income<\/strong> to \u00a510.02 billion, though it missed analyst estimates of \u00a512.08 billion as domestic competition intensified.<\/li>\n<li><strong>Linde (<a href=\"\/stock\/LIN\">LIN<\/a>)<\/strong> surpassed expectations with an <strong>adjusted EPS of $4.59<\/strong> and raised its full-year guidance, signaling robust demand in the industrial gas sector.<\/li>\n<li><strong>China<\/strong> officially scheduled its <strong>21st Party Congress for the second half of 2027<\/strong> and promoted military loyalist <strong>Zhang Shengmin<\/strong> to the Politburo, consolidating President Xi Jinping&#39;s authority.<\/li>\n<li><strong>UK mortgage approvals<\/strong> fell to <strong>53.4K in September<\/strong>, missing forecasts and hitting their lowest level since late 2023 as high interest rates cooled the housing market.<\/li>\n<li><strong>Tragic accidents and conflict<\/strong> dominated headlines in Europe, with the <strong>Spain train crash death toll rising to 69<\/strong> and a Russian drone strike in <strong>Dnipro, Ukraine, killing 13 people<\/strong>.<\/li>\n<\/ul>\n<h2>Corporate Earnings: BYD and Linde Diverge<\/h2>\n<p>Chinese EV giant BYD (<a href=\"\/stock\/002594\">002594<\/a>) saw its third-quarter profit growth cool to <strong>28.1%<\/strong>, reaching <strong>\u00a510.02 billion<\/strong>. While revenue climbed <strong>13.6% to \u00a5221.49 billion<\/strong>, both figures fell short of market expectations as a brutal price war in China&#39;s domestic auto market weighed on margins. Despite the miss, the company&#39;s <strong>9-month operating cash flow surged 33%<\/strong>, and strong export growth helped offset some of the domestic weakness.<\/p>\n<p>In contrast, industrial gas leader Linde (<a href=\"\/stock\/LIN\">LIN<\/a>) delivered a strong beat-and-raise quarter. The company reported <strong>Q3 sales of $9.40 billion<\/strong>, up 9% year-over-year, driven by price attainment and volume growth in the electronics and energy sectors. Management subsequently raised the lower end of its <strong>full-year adjusted EPS guidance to a range of $17.82 to $17.92<\/strong>, reflecting confidence in its $11 billion project backlog.<\/p>\n<h2>Geopolitical Maneuvers in Beijing<\/h2>\n<p>The Chinese Communist Party (CCP) concluded a key plenary session by announcing that the <strong>21st Party Congress will be held in Beijing in the second half of 2027<\/strong>. This gathering is expected to be a watershed moment where President Xi Jinping may seek a historic fourth term. In a move to further secure his grip on the military, <strong>General Zhang Shengmin<\/strong>, a veteran of the military&#39;s anti-corruption purges, was named as a new member of the <strong>Politburo<\/strong>.<\/p>\n<p>The leadership reshuffle comes as Beijing navigates structural economic challenges and heightens its focus on &quot;rigorous self-governance.&quot; Analysts suggest the promotion of Zhang, who also serves as a vice chairman of the <strong>Central Military Commission<\/strong>, underscores the priority placed on loyalty and discipline within the People&#39;s Liberation Army.<\/p>\n<h2>Economic Indicators: UK and South Africa<\/h2>\n<p>Fresh data from the <strong>Bank of England<\/strong> revealed a cooling UK property market, with <strong>net mortgage approvals dropping to 53,400 in September<\/strong>. This was below the 54,000 expected by economists and significantly lower than the six-month average. While house purchase activity slowed, <strong>remortgaging approvals saw a sharp uptick to 42,600<\/strong>, as homeowners rushed to lock in rates ahead of further economic uncertainty.<\/p>\n<p>In South Africa, inflationary pressures intensified as the <strong>Producer Price Index (PPI) jumped 6.2% year-on-year in September<\/strong>, overshooting the 5.7% estimate. The <strong>1.0% month-on-month increase<\/strong> was fueled by rising costs in manufacturing and mining, potentially complicating the South African Reserve Bank&#39;s path toward future interest rate cuts.<\/p>\n<h2>Global Security and Infrastructure Crises<\/h2>\n<p>A devastating high-speed train collision in central Spain has claimed at least <strong>69 lives<\/strong>, according to regional officials. The accident, involving a state-owned <strong>Renfe<\/strong> train and a private <strong>Iryo<\/strong> service, was reportedly caused by a computer system failure followed by an &quot;inexplicable&quot; human command to proceed. The Spanish government has declared three days of national mourning as investigators probe the second major rail disaster in the country this year.<\/p>\n<p>In Ukraine, a Russian jet-powered drone struck a passenger train at the <strong>Dnipro railway station<\/strong>, killing <strong>13 people<\/strong> and wounding several others. The strike is part of an escalating Russian campaign targeting Ukraine&#39;s civilian transport infrastructure. Meanwhile, <strong>South Korea and Germany<\/strong> responded to rising global volatility by signing an <strong>&quot;Enhanced Strategic Partnership,&quot;<\/strong> pledging to cooperate on semiconductors, batteries, and defense technology to secure critical supply chains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways BYD (002594) reported a 28.1% increase in Q3 net income to \u00a510.02 billion, though it missed analyst estimates 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