[Morning News Selection on October 8th] 1. Domestic Chapter 1. Minister of Finance Lan Fo'an published an article "Accurate and Effective Implementation of More Active Fiscal Policies" on Qiushi.com on October 1. The article pointed out that the financial department should study and formulate highly targeted incremental policies, promote more active fiscal policies to improve efficiency, and provide a strong guarantee for completing the annual economic and social development goals and tasks. We must pay more attention to expanding effective domestic demand and maintaining stable economic operation. 2. Statistics from the State Administration of Foreign Exchange show that as of the end of September 2026, China’s foreign exchange reserves were US$3.4003 billion, a decrease of US$38.1 billion from the end of August, a decrease of 1.11%. 3. China’s gold reserves at the end of September were at 77.47 million ounces, an increase of 740,000 ounces from the previous month. At the end of August, China’s gold reserves were at 76.73 million ounces. The People's Bank of China has increased its gold holdings for the 23rd consecutive month. 4. The central bank will launch a 1.2 trillion yuan buyout reverse repurchase operation on October 8 with a period of 3 months. 5. France and Germany require the EU to strengthen protectionist tools such as trade defense. The Ministry of Commerce responded that it hopes that France and Germany, as important global economies, can adhere to open cooperation and free trade, abide by WTO rules, and not encourage the EU to use protectionist tools at every turn, let alone politicize and pan-security economic and trade issues, and avoid taking the wrong path in the wrong way and ultimately backfire on themselves. 6. In response to a reporter’s question regarding the launch of an anti-dumping investigation into imported para-nitrotoluene originating in the EU, a spokesman for the Ministry of Commerce said that China has repeatedly reiterated that the EU needs to face up to the economic and trade issues it faces and resolve mutual concerns through dialogue and consultation. 7. Hang Seng Index Company announced that it will carry out six reforms of the Hang Seng Technology Index, which will expand the constituent stocks from 30 to 50 and will be implemented in December. 8. According to the latest notice from the airline, starting from October 10, the fuel surcharge for domestic routes will be increased. 9. China has recently proposed for the first time the strategy of directly electrolyzing seawater to produce hydrogen using AC power instead of traditional DC power to achieve on-site hydrogen production through offshore power generation, which fundamentally solves the bottleneck problem of seawater electrolysis for hydrogen production. 10. The latest data from Mobility Global shows that in the first half of 2026, pure gasoline models accounted for 49% of global new car sales. This is the first time in history that the proportion of pure gasoline vehicle sales has fallen below 50%, and it has dropped significantly by 24% from 73% in 2021. 11. Wenjie Auto announced that on September 30, the strategic cooperation signing ceremony for Hongmeng Zhixing Wenjie business upgrade was held in Shenzhen. The two parties will continue to anchor the core positioning of Wenjie's high-end smart car brand, jointly establish a dedicated Wenjie business team, and further upgrade Wenjie's business. 12. According to people familiar with the matter, Dark Side of the Moon has completed the last round of private equity financing, with a valuation of approximately US$50 billion, and is promoting an IPO in Hong Kong in the first quarter of next year. 13. A reporter from the Science and Technology Innovation Board Daily learned exclusively that Amazon Bedrock, a large model service platform under Amazon Cloud Technology, officially announced that it will be connected to Wisdom Spectrum GLM-5.3. AWS will share revenue with Wisdom Spectrum based on the number of model calls. 14. Shengmei Shanghai announced that as of September 29, orders on hand reached 17.073 billion yuan, a year-on-year increase of 88.2%; Zhishang Technology announced that it had signed a US$500 million memorandum of cooperation on optical fiber connector demand forecasting. 15. Dongyangguang announced that the controlling shareholders and persons acting in concert plan to increase their holdings of shares by 600 million to 1.2 billion yuan. 16. Feilong Co., Ltd. announced that its net profit in the first three quarters was expected to drop by 59.2%-66.87% year-on-year. 2. Global Chapter 1. During the National Day holiday, many indexes such as the Nasdaq, S&P 500, and Japan's Topix once hit record highs. At the close of trading on October 7, all stocks fell from their historical highs, with the Dow Jones Industrial Average falling 0.66%, the Nasdaq Composite Index falling 0.22%, and the S&P 500 Index falling 0.22%. 2. During the National Day holiday, major European stock indexes generally fell. European stocks generally fell on October 7, with the British FTSE 100 index falling by 0.79%, the French CAC40 index falling by 1.44%, and the German DAX30 index falling by 1.41%. 3. International crude oil futures prices are basically the same as before the holiday. On October 7, the settlement price of WTI crude oil futures was US$88.28/barrel, down 1.3%; the settlement price of Brent crude oil futures was US$100.2/barrel, down 0.38%. 4. The number of non-farm employment in the United States increased by 29,000 in September, which is expected to increase by 90,000, and the previous value increased by 162,000. 5. The minutes of the Federal Reserve meeting showed that there was unanimous support for raising interest rates at the September meeting, and most participants preferred another rate increase within the year. 6. Fed Governor Bowman, Fed Kashkari and many other officials spoke intensively. The overall remarks were hawkish, and most believed that interest rates would continue to be raised in 2026. 7. The International Energy Agency issued a statement on the 7th saying that its member governments agreed to speed up the implementation of the oil reserve release plan announced in March this year. If all previously committed but not yet released reserves are put on the market, it is expected that about 100 million barrels of oil will be released. 8. The yields on long-term U.S. Treasury bonds have risen again, with the yields on 10-year and 30-year Treasury bonds hitting new highs since 2022. 9. Bank of America strategists said that the attractiveness of U.S. debt has increased, forming "real competition" with U.S. stocks for the first time in decades. The current 10-year U.S. Treasury yield has exceeded 5%, and its team’s valuation framework shows that the return rate of the S&P 500 Index in the next 10 years may not reach this level. 10. NVIDIA announced that the DGX SPARK 64GB configuration will be launched through major partners starting this month. The device can locally run AI models with up to 100 billion parameters. 11. Apple’s upcoming new smart home products will include a batch of smart doorbells, smart thermostats and other supporting accessories jointly developed through cooperation with LG Electronics. 12. People familiar with the matter revealed that Anthropic is seeking to go public as soon as mid-November, after the company had previously postponed its IPO plan. Anthropic may officially launch its IPO promotion as early as the week of November 9, which could lead to trading before Thanksgiving on November 26. 13. Solidigm, a subsidiary of Hynix, has selected the lead investment bank for its U.S. initial public offering next year, including Goldman Sachs Group and Morgan Stanley. 14. Samsung Electronics’ third-quarter sales were 195.00 trillion won, a year-on-year increase of 127%, and it is estimated to be 201.9 trillion won. Operating profit in the third quarter was 107.40 trillion won, a year-on-year increase of 783%, and is expected to be 108.67 trillion won. 15. OpenAI fully launches GPT-6 for all free and paid ChatGPT users around the world, officially replacing GPT-5.6 SOL and GPT-5.6 LUNA. 16. Micron Technology CEO said that industry HBM demand growth will continue to outperform traditional DRAM until 2028. 17. Micron Technology’s adjusted revenue in the fourth quarter of fiscal year 2026 is US$54.23 billion, a year-on-year increase of 379%. It is estimated to be US$51.49 billion, compared with US$11.32 billion in the same period last year; the company expects adjusted revenue in the first quarter of fiscal year 2027 to be US$60 billion to US$63 billion. 18. The 2026 Nobel Prize in Chemistry, Physics, Physiology or Medicine is announced. 3. The situation in the Middle East 1. Iran stated that it will soon block the "illegal" passage through the Strait of Hormuz, and that the range of weapons can be expanded according to battlefield needs. Iran reiterated that the Strait of Hormuz will remain closed until its demands are met. 2. U.S. President Trump said in a speech in Sparrows Point, Maryland, on the 6th that the military action against Iran “must come to an end.” 3. The conflict between the Houthi armed forces in Yemen and Saudi Arabia continues. As of October 7, the Houthi armed forces in Yemen claimed to have attacked Saudi Arabia's main airports and air bases, and repelled the government's offensive in the direction of the Bab el-Mandeb Strait; the Yemeni government claimed that the operation against the Houthi armed forces had made progress. 4. Trump announced on September 30, local time, that the last batch of U.S. troops was withdrawing from Iraq. 5. Saudi Arabia, Pakistan and Turkey held an emergency meeting of the "Mecca Defense Alliance" Strategic Political and Defense Committee in Riyadh and issued a joint statement announcing the activation of a collective defense mechanism.