Market snapshot
| Index | Level | Change |
|---|---|---|
| SSE Composite | 3842.19 | ▲0.31% |
| SZSE Component | 12887.62 | ▼0.11% |
| ChiNext | 3135.28 | ▼0.23% |
| Hang Seng | 23972.29 | ▼2.60% |
| Hang Seng Tech | 4157.94 | ▼2.26% |
| S&P 500 | 7722.72 | ▲0.73% |
| Nasdaq | 27190.86 | ▲1.19% |
| Dow Jones | 51176.96 | ▲0.49% |
| Gold | 4140.68 | ▼0.88% |
| Crude oil | 91.26 | ▼1.73% |
| VIX | 15.31 | ▼6.59% |
Shanghai turnover: CNY 679.4bn
Macro & policy
No major macro releases today.
Finance news
1. Cerebras stock hits post-IPO low, tumbling 20% for the week on Nvidia pressure and lockup expiration
Cerebras shares fell to a post-IPO low, dropping 20% over the week. The decline stemmed from competitive pressure from Nvidia and a selloff after its lockup period expired.
Source: CNBC Markets
2. China’s National Day holiday sees over 329 million cross-regional passenger trips on first day
On the first day of China’s National Day holiday, cross-regional passenger trips exceeded 329 million, mini.caixin.com reported. The figure underscores the huge scale of holiday travel.
Source: 财新
3. US Stocks to Go Overnight: 23-Hour Trading Era Starts in December
Starting in December, U.S. equities will shift to a 23-hour trading day, moving closer to round-the-clock trading. The change marks a major adjustment to U.S. market hours and could affect global investors’ trading schedules.
Source: 华尔街见闻
4. CCTV Exposes Car Rental Firms That Scratch Cars to Claim Compensation
CCTV has exposed car rental companies that deliberately scratch their own vehicles in order to frame customers and demand hefty compensation. The practice shines a light on consumer-rights abuses in China’s rental car industry.
Source: 界面新闻
5. America’s data center fight is a preview of what’s to come for the rest of the world
America’s data center fight is going global. Communities in Europe and Asia are pushing back against rising costs from the AI infrastructure boom.
Source: CNBC Markets
6. Q4 ‘Short Squeeze’ Signals Emerge in US Stocks: CTA Positions Retreat as $1.3 Trillion in Buybacks Awaits
Wallstreetcn reports signals of a potential fourth-quarter short squeeze in US equities, as CTA funds sharply cut their positions while roughly $1.3 trillion in corporate buybacks stands ready to support the market.
Source: 华尔街见闻
7. Global Food Prices Rise Again in September - Yicai
Yicai reports that global food prices rose again in September. The report did not provide specific figures on the increase or affected categories.
Source: 第一财经
8. UK Diesel Prices Reach Highest Point in Recent Years
UK diesel prices have risen to their highest level in recent years, according to Yicai. The increase adds cost pressure on transport and logistics firms and may feed through to consumer prices.
Source: 第一财经
Filings & research
Company filings (CNINFO, titles in Chinese)