A[Overview of U.S. stock market pre-market news: Tesla plans to mass-produce the second-generation Roadster sports car in 2028; Nvidia and Mercedes-Benz extend their autonomous driving cooperation; market expectations for the Federal Reserve’s “hold on hold” in October are rising] October 16th, the financial news in the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures rose 0.09%, S&P 500 futures rose 0.17%, and Nasdaq 100 futures fell 0.22%.
2. International oil prices have been mixed. WTI crude oil futures prices fell 0.46% to US$97.523/barrel; Brent crude oil futures prices rose 0.06% to US$105.986/barrel.
3. International gold and silver spot prices fluctuated upward. Spot gold prices rose 0.23% to US$4,180.01 per ounce; spot silver prices rose 0.94% to US$57.93 per ounce.
4. The three major European stock indexes rose across the board. Britain's FTSE 100 index rose 0.05%, France's CAC40 index rose 0.24%, and Germany's DAX30 index rose 0.99%.
5. Tesla’s second-generation Roadster supercar was unveiled at the press conference, equipped with an air-conditioned propulsion system jointly developed with SpaceX and code-named “A71”. Musk revealed that he plans to start mass production in 2028.
6. Mercedes-Benz and Nvidia have extended their partnership to jointly develop next-generation driver assistance and autonomous driving systems. Relevant technologies will support SAE Level 4 autonomous driving and robot taxis.
7. IBM announced that it plans to release an early R&D process design kit (PDK) suitable for its 7A nanostack cutting-edge process in Q1 next year. Its 7A nanostack is the first in the industry to adopt a CFET device structure.
8. According to user feedback, Amazon is preventing Musk’s AI robot Grok Bots from placing orders. Musk responded by saying that perhaps he should start a company to compete with Amazon.
9. Some Anthropic investors are reported to be discussing a valuation of the company at approximately US$1.5 trillion. Compared with the previous market expected valuation of approximately US$2 trillion for the IPO in November, there was a significant "shrinkage".
10. The 3,718 KFC stores in the United States plan to change their beverage supplier from Pepsi to Coca-Cola. The 40-year tradition of cooperation has come to an end, and the conversion work will start in January 2027.
11. The market has reduced expectations for the Federal Reserve to raise interest rates at its October 27-28 policy meeting. After Federal Reserve Chairman Warsh's "dovish" speech, the probability of raising interest rates dropped from about 27% to less than 15%. A[Morning News Selection on October 16th]
1. According to the spokesperson of the Ministry of Foreign Affairs, Li Qiang will visit Uzbekistan and Tajikistan, attend the 25th meeting of the Council of Heads of Government (Prime Ministers) of the Shanghai Cooperation Organization member states, and go to Russia to hold the 31st regular meeting between the prime ministers of China and Russia.
2. When attending the G20 Finance Ministers and Central Bank Governors Meeting, Pan Gongsheng said that the People's Bank of China will continue to implement moderately loose monetary policies to create a good monetary and financial environment for China's stable economic growth and the smooth operation of financial markets.
3. When attending the meeting of G20 finance ministers and central bank governors, Lan Fo'an stated that more proactive fiscal policies will be implemented accurately and effectively to promote the continued development of the economy in a new and better direction and inject confidence and certainty into the world economy.
4. In response to the recent significant increase in the interest in long-term government bond yield trading, some securities firms and banks have received reminders from regulatory authorities, requiring relevant institutions to strengthen bond investment risk management.
5. The Sichuan Communications Administration issued the “15th Five-Year Plan for the Development of Information and Communications Industry in Sichuan Province”. The "Plan" proposes that by 2030, a key information infrastructure backup base serving the national strategic hinterland, an information and communication highland leading the digital and intelligent development of the western region, and a nationally influential network province will be built.
6. In response to the "breakage problem of the Zunjie V800 car brake pedal bracket" reported on the Internet, the Ministry of Industry and Information Technology and other three departments set up a joint investigation team to conduct verification and handle it in accordance with laws and regulations. The relevant situation will be announced in time.
7. Tuojing Technology announced that the chairman proposed to repurchase shares of 200 million to 300 million yuan; Pengding Holdings announced that the chairman proposed to repurchase shares of 300 million to 500 million yuan; Baiwei Storage announced that the controlling shareholder proposed to repurchase A shares of 200 million to 250 million yuan to cancel and reduce registered capital; Tianfu Communications announced that the controlling shareholder proposed to repurchase A shares of 100 million to 150 million yuan; Xinyi Sheng announced that the controlling shareholder proposed to repurchase A shares of 800 million to 1 billion yuan.
8. Shanghai Electric Co., Ltd. announced that the controlling shareholder proposed a cash dividend of no less than 2.2 billion yuan in 2026.
9. Zhongke Sugon announced that its net profit in the first three quarters increased by 78.48% year-on-year; Ganfeng Lithium announced that its net profit in the first three quarters increased by 19,541% year-on-year; Han's CNC announced that its net profit in the first three quarters increased by 214% year-on-year.
10. Shennan Circuit announced that its net profit in the first three quarters is expected to increase by 74%-78% year-on-year; Guangxun Technology announced that its net profit in the first three quarters is expected to increase by 65%-82% year-on-year; Haiguang Information announced that its net profit in the first three quarters is expected to increase by 38%-52% year-on-year; Rockchip Weibo announced that its net profit in the first three quarters is expected to increase by 68%-73% year-on-year; Longsys announced that its net profit in the first three quarters is expected to increase by 1865%-1991% year-on-year; Fudan Microelectronics announced that its net profit in the first three quarters is expected to increase by 188%-248% year-on-year.
11. CICC Gold announced that its net profit in the first three quarters is expected to increase by 50%-58% year-on-year; Han's Laser announced that its net profit in the first three quarters is expected to increase by 145%-157% year-on-year; Muxi Shares announced that its net profit in the first three quarters is expected to be 5.8% 700 million to 717 million yuan, turning a loss into a profit year-on-year; Guangku Technology announced that its net profit in the first three quarters is expected to increase by 142%-162% year-on-year; Hengyi Petrochemical announced that its net profit in the first three quarters is expected to increase by 3319%-3405% year-on-year.
12. Fed Hammaker said that if public inflation expectations deteriorate, the Fed may need to take more aggressive actions to respond.
13. The U.S. PPI in September increased by 6.3% year-on-year, and was estimated to be 5.3%; it increased by 1.3% month-on-month, and was estimated to be 0.6%.
14. Israeli officials said that the United States and Israel are consulting on a plan to attack Iran.
15. The U.S. Central Command stated that Iran’s Islamic Revolutionary Guard Corps’ statement that it controls the Strait of Hormuz is untrue. The United States and its regional partners still control the relevant waters and commercial ships continue to pass through.
16. Russian President Vladimir Putin stated that Russia will respond to attacks launched by Ukraine on Russian oil refineries and other logistics and energy facilities.
17. Cook said that the Apple smart phone and related Alibaba Qianwen large model have indeed been approved and will release a test version later in October; but Siri AI is not included.
18. Google Quantum Artificial Intelligence released a major breakthrough in quantum computing, and the Willow chip project broke through key resource bottlenecks.
19. Meta released the open weight model Muse Spark Open and cooperated with Apple to promote this model to run locally on Mac computers.
20. Some investors attending Anthropic’s investor day event on Wednesday discussed a valuation of about $1.5 trillion, people familiar with the matter reported.
21. TSMC expects the company’s fourth-quarter sales to be US$52.3 billion to US$54.3 billion; the demand for CPUs for AI robots is growing, and the demand still far exceeds the current supply capacity.
22. The three major U.S. stock indexes collectively closed higher. The Dow rose 1.08%, the Nasdaq rose 0.08%, and the S&P 500 rose 0.33%. The Philadelphia Semiconductor Index once fell more than 4% and finally closed down 0.88%, marking the seventh consecutive day of decline. The Storage Concept Index opened lower and closed higher.
23. The settlement price of WTI crude oil futures rose 3.03%, and the settlement price of Brent crude oil futures fell 0.13%; COMEX gold futures closed up 2.06%, and COMEX silver futures rose 3.09%. A[Overnight global news you need to know on Friday: The three major U.S. stock indexes collectively closed higher, and the storage sector opened lower and moved higher; Meta released the open-weighted model Muse Spark Open; Israeli officials said the United States and Israel are negotiating on a plan to attack Iran]
1. Fed Hammaker said that successive supply shocks may trigger inflationary thinking. If public inflation expectations deteriorate, the Fed may need to take more radical actions to deal with it.
2. The U.S. PPI increased by 6.3% year-on-year in September, estimated at 5.3%, and the previous value of 5.4%. The U.S. PPI increased by 1.3% month-on-month in September, which was expected to be 0.6%. In September, PPI rose at the fastest rate in more than four years, and the impact of rising energy costs was further transmitted to the economy.
3. Freddie Mac said in a statement Thursday that the average interest rate on 30-year fixed-rate mortgages remained at 7.4%. The rate is hovering at its highest level since November 2023.
4. Data from the Investment Company Institute (ICI) show that the asset size of U.S. money market funds dropped to $7.92 trillion.
5. The U.S. Central Command stated that Iran’s Islamic Revolutionary Guard Corps’ statement that it controls the Strait of Hormuz is untrue. The United States and its regional partners still control the relevant waters and commercial ships continue to pass through.
6. A spokesman for the multinational coalition led by Saudi Arabia said at a press conference that Yemen’s Houthi armed forces have killed 17 people and injured 333 people in attacks on King Khalid International Airport in Riyadh since October.
7. Israeli officials said that the United States and Israel are consulting on a plan to attack Iran.
8. When communicating with people from the country’s business community, Russian President Vladimir Putin stated that Russia will respond to attacks launched by Ukraine against Russian oil refineries and other logistics and energy facilities.
9. India has set the windfall profit tax on gasoline exports at 2.5 rupees per liter and diesel export windfall tax at 8.5 rupees per liter, effective from October 16.
10. MSCI implemented a freeze on the Türkiye index; MSCI initiated consultations on Indonesia’s proposal to reclassify from an emerging market to an independent market status.
11. The Chicago Board Options Exchange (Cboe) announced that its Cboe Options Exchange (C1) will add morning and after-closing trading sessions for designated stock and ETF options starting next Monday. Options on popular companies such as Alibaba, Nvidia, and Apple are covered by the announcement.
12. Meta released the open weight model Muse Spark Open and cooperated with Apple to promote this model to run locally on Mac computers.
13. Google Quantum Artificial Intelligence released a major breakthrough in quantum computing, and the Willow chip project broke through key resource bottlenecks.
14. Some investors attending Anthropic’s investor day event on Wednesday discussed a valuation of about $1.5 trillion, people familiar with the matter reported. Some investors were disappointed by slower quarter-on-quarter growth in the latest quarter.
15. UniCredit Bank of Italy has officially received approval from the European Central Bank to complete the acquisition of control of Commerzbank.
16. The three major U.S. stock indexes collectively closed higher. The Dow rose 1.08%, the Nasdaq rose 0.08%, and the S&P 500 rose 0.33%. The Philadelphia Semiconductor Index once fell by more than 4% and finally closed down 0.88%, marking the seventh consecutive day of decline. The Storage Concept Index opened lower and closed higher.
17. COMEX gold futures closed up 2.06% at US$4,192.5 per ounce; COMEX silver futures rose by 3.09% at US$57.605 per ounce.
18. The settlement price of WTI crude oil futures was US$97.97/barrel, an increase of US$2.88, or 3.03%. Brent crude oil futures settled at $105.92 per barrel, down $0.14, or 0.13%. A[Morning News Selection on October 15th]
1. The central bank announced that it will launch a 700 billion yuan buyout reverse repurchase operation on October 15 with a period of 6 months.
2. According to central bank data, preliminary statistics show that the cumulative increase in social financing in the first three quarters of 2026 was 27.46 trillion yuan, 2.63 trillion yuan less than the same period last year; RMB deposits increased by 20.76 trillion yuan in the first three quarters; RMB loans increased by 11.52 trillion yuan in the first three quarters. At the end of September, the balance of broad money (M2) was 359.63 trillion yuan, a year-on-year increase of 7.2%.
3. With one arrow and ten stars, 8 stars of the National Star Aerospace "Star Calculation" 02 group have been put into orbit, and the space computing constellation has been expanded.
4. Jiangsu Communications Administration issued the “15th Five-Year Plan for the Development of the Information and Communications Industry in Jiangsu Province”. The "Plan" proposes that by 2030, a new generation of communication network and computing power network with complete coverage and leading performance will be fully built.
5. Li Lecheng, Secretary of the Anhui Provincial Party Committee, investigated Changxin Technology on the 14th and hosted a symposium. Li Lecheng pointed out that it is necessary to highlight the supply of scientific and technological innovation and the traction of industrial demand, support enterprises and universities and scientific research institutes to strengthen scientific research cooperation and talent training, deepen the integration of industry, academia and research, increase efforts to tackle key core technologies throughout the chain, continue to improve the resilience and safety level of the industrial chain and supply chain, and firmly grasp the initiative in innovation and development and the leadership of industrial development.
6. Ping An Electric announced that it planned to raise no more than 1.3 billion yuan for high-performance electronic cloth and other projects; Wuhan Tianyuan announced that it planned to invest 500 million yuan to build a high-purity indium and indium phosphide polycrystalline production base.
7. Rongsheng Petrochemical announced that its net profit in the first three quarters is expected to increase by 778%-823% year-on-year; Satellite Chemical announced that its net profit in the first three quarters is expected to increase by 132%-158% year-on-year; Telford Technology announced that its net profit in the first three quarters is expected to increase by 778%-823% year-on-year. Profit is expected to increase by 561%-621% year-on-year; Deye Co., Ltd. announced that it expects net profit in the first three quarters to increase by 80%-84% year-on-year; Jinlu Electronics announced that it expects net profit in the first three quarters to increase by 193%-219% year-on-year.
8. Suntec Technology announced that its net profit in the first three quarters is expected to increase by 90%-118% year-on-year; Ziguang Technology announced that its net profit in the first three quarters is expected to increase by 72%-118% year-on-year; Hudian Electric Co., Ltd. announced that it expects its net profit in the first three quarters to increase by 72%-118% year-on-year. A year-on-year increase of 101%-110%; Oriental Zirconium Industry announced that its net profit in the first three quarters is expected to increase by 262%-365% year-on-year; Jiayuan Technology announced that its net profit in the first three quarters is expected to increase by 1197%-1319% year-on-year.
9. Dongbai Group announced that it has terminated its acquisition of part of the equity of Hangzhou Kuailing Optoelectronics.
10. The year-on-year growth of U.S. CPI in September was higher than market expectations; traders increased their bets on the Federal Reserve raising interest rates in October, and also expected the Federal Reserve to raise interest rates three more times by the end of 2027.
11. The Federal Reserve’s Beige Book shows that companies in many jurisdictions mentioned inflationary pressures caused by other commodities, tariffs and insurance.
12. Federal Reserve Goolsby stated that if core inflation continues to maintain a monthly increase of about 4% annually, it will be completely unacceptable and the Federal Reserve must take policy action.
13. The IEA predicts that global oil supply will fall by 5.8 million barrels per day in 2026, higher than the previously expected 5.7 million barrels per day; global oil demand will fall by 2.6 million barrels per day in 2026, higher than the previously expected 2.5 million barrels per day.
14. Morgan Stanley CEO Ted Pick said that the bank has reached a "double overweight" on AI infrastructure construction, but he also warned that the growth momentum of AI spending will begin to slow down. Current spending on AI infrastructure construction averages about US$1 trillion per year.
15. SK Hynix executives stated that the performance scale of AI infrastructure will increase by approximately 20 times by 2030, continuing to improve the performance of existing HBM products.
16. In the early morning of the 15th local time, the Houthi armed forces in Yemen claimed to have hit a Saudi Typhoon fighter jet.
17. The Houthi armed forces in Yemen issued a statement stating that in the past 24 hours, the Saudi-led coalition launched 42 air strikes and missile attacks on areas controlled by the Houthi armed forces in Yemen.
18. Tesla announced that more than 300 Tesla Cybercab driverless electric vehicles have been put into operation in Austin, Texas, USA. The service has been online for 30 days and the scale has increased to 8 times. Next stop, Tesla Cybercab will be put into operation in Dallas.
19. SpaceXAI releases Grok Voice 3.0. Grok Voice 3.0 is now available in the voice agent API at a cost of US$0.08 per minute.
20. According to reports, Anthropic PBC told potential investors that its third-quarter revenue reached $16.8 billion, according to people familiar with the matter.
21. The three major U.S. stock indexes collectively closed down. The Dow fell 0.09%, the Nasdaq fell 1.88%, and the S&P 500 fell 1.1%. Popular technology stocks generally fell, and the storage and semiconductor sectors fell one after another. The Philadelphia Semiconductor Index closed down 4.3%. The chip stock index fell for six consecutive days, setting a record for the longest decline since May 2025.
22. The settlement price of WTI crude oil futures was US$95.09/barrel, an increase of 1.01%; the settlement price of Brent crude oil futures was US$106.06/barrel, an increase of 0.35%. COMEX gold futures closed down 1.2%, and COMEX silver futures fell 6.26%. A[Overview of U.S. stock market pre-market news: ASML said customers have inquired about 2030 orders; the U.S. government has begun reviewing the SpaceX starship expansion proposal; U.S. September CPI is coming tonight] October 14th, the financial news in the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures rose 0.28%, S&P 500 futures rose 0.14%, and Nasdaq 100 futures fell 0.13%.
2. International oil prices rose collectively. WTI crude oil futures prices rose 1.78% to US$95.819/barrel; Brent crude oil futures prices rose 0.66% to US$106.386/barrel.
3. International gold and silver spot prices both fell. Spot gold prices fell 0.48% to US$4,140.85 per ounce; spot silver prices fell by 1.12% to US$58.49 per ounce.
4. The three major European stock indexes rose across the board. Britain's FTSE 100 index rose 0.28%, France's CAC40 index rose 0.67%, and Germany's DAX30 index rose 0.52%.
5. ASML CEO stated that the equipment supply in 2027 and 2028 will not be able to fully meet the demand, and some customers have begun to inquire about booking equipment orders for 2029 or even 2030.
6. NVIDIA announced that the new version of DLSS 5 neural rendering model runs twice as fast as the September version, the GPU overhead is halved, and the 4K video memory usage is reduced by 20%. The new model will be connected to games such as "NBA 2K27" and "Hogwarts Legacy".
7. SK Hynix executives stated that the performance scale of AI infrastructure will increase approximately 20 times by 2030. He also said that the company is developing next-generation memory technologies, including 3D stacked DRAM and high-bandwidth flash memory (HBF), while continuing to improve the performance of existing HBM products.
8. U.S. federal regulators are reviewing SpaceX’s proposal to significantly expand operations at its starbase facility in southern Texas. Under the proposal, SpaceX aims to conduct up to 456 launches and 912 landings per year at the facility.
9. Anthropic plans to convene a group of potential institutional investors at its San Francisco headquarters on Wednesday local time to hold a Pre-IPO Investor Day. At that time, the company will disclose its third-quarter revenue data for the first time.
10. The U.S. September (core) CPI data will be released at 8:30 tonight, Beijing time. The market currently estimates that CPI in September will increase by 3.6% year-on-year, and core CPI will increase by 2.5% year-on-year. B[Foreign investors have sold Samsung Electronics and SK Hynix for a total of 176 trillion won this year] On October 14, a brokerage research report stated that foreign investors continued to sell Korean stocks, and the selling trend has not yet eased. However, a series of events from the end of this month to mid-November may become a turning point for the return of foreign investment. The financial reports of the two major memory chip giants, the U.S. midterm elections, changes in the situation in the Middle East, and the listing of AI company Anthropic are regarded as core variables that may reverse market sentiment. Data from the Korea Exchange on the 14th showed that as of the previous trading day, foreign investors had sold a total of 203.6977 trillion won (approximately US$141.5 billion) in the Korea Composite Index main board market this year. Among them, only two stocks, Samsung Electronics and SK Hynix, suffered a net selling of approximately 176 trillion won, accounting for 86% of the total foreign selling scale. The foreign shareholding ratio of Samsung Electronics fell to an 18-year low since 2008; the foreign shareholding ratio of SK Hynix also fell below the ten-year average. This round of withdrawal of foreign capital is the core driver of the downward trend of the KOSPI index. Intensified geopolitical risks in the Middle East, disputes over OpenAI's annual revenue, and concerns about the increased competitiveness of foreign companies have combined to suppress the market. A[A list of US stock market pre-market news: Apple is expanding the production capacity of the foldable iPhone Duo; Broadcom CEO said that AI computing demand will exceed supply in the next two years; Musk said that only three companies have enough programming training data] October 12th, the financial news of the US stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures rose 0.09%, S&P 500 futures rose 0.02%, and Nasdaq 100 futures fell 0.26%.
2. International oil prices rose collectively. WTI crude oil futures prices rose 1.78% to US$93.483/barrel; Brent crude oil futures prices rose 1.64% to US$106.434/barrel.
3. International gold and silver spot prices both fell. Spot gold prices fell 0.79% to US$4,161.34 per ounce; spot silver prices fell by 0.44% to US$60.52 per ounce.
4. The three major European stock indexes rose across the board. Britain's FTSE 100 index rose 0.83%, France's CAC40 index rose 0.49%, and Germany's DAX30 index rose 0.82%.
5. Apple’s chief operating officer said that the team has been advancing manufacturing development for the first foldable screen mobile phone iPhone Duo and is currently expanding production scale in accordance with Apple’s consistent high-quality standards.
6. Musk said that to build truly outstanding AI, a large amount of training data is needed and programming must be mastered. There are only three institutions with sufficient programming training data: OpenAI, Anthropic and Cursor owned by SpaceX, and Google can barely be counted.
7. Tesla’s second-generation sports car Roadster will be released on Thursday. Market rumors say the sports car will have the function of hovering.
8. Broadcom CEO said that the demand for AI computing will exceed supply in the next two years, but most companies’ investment in AI computing will not return.
9. Cloud computing service provider IREN rose more than 4% before the market opened. It was reported that the company had reached a multi-year cloud agreement with Anthropic.
10. Bernstein estimates that the new electricity demand in the United States will be approximately 1,000 terawatt hours between 2025 and 2030. Among them, data centers are expected to bear more than half of the new load.
11. The 2026 Nobel Prize in Economics was announced: Stanford University economist Robert E. Hall and Columbia University economist Michael Woodford won the award in recognition of their research on the microeconomic foundations of macroeconomic stability. B[Network security concept rebounded in shock, Bohui Technology rose by 20cm limit] On October 12, the network security concept rebounded in intraday shock, Bohui Technology rose by 20cm limit, NSFOCUS Technology, Zhaori Technology, Anheng Information, Sino-Singapore, and Tianrongxin followed suit. On the news, after the artificial intelligence company Anthropic experienced multiple security incidents involving unauthorized use of US government systems, the US government announced the implementation of new mandatory AI security incident reporting requirements. A[Morning News Selection on October 12]
1. The Central Committee of the Communist Party of China and the State Council recently issued the "Opinions on Developing New Productivity". The opinion proposes to fully implement the "artificial intelligence +" action. Accelerate the application of new generation intelligent terminal scenarios such as intelligent connected new energy vehicles, artificial intelligence mobile phones and computers, and humanoid robots; strengthen the efficient supply of computing power, algorithms, data, etc.; vigorously promote the application of artificial intelligence in various industries; ensure that artificial intelligence is safe, reliable, and controllable.
2. The China Securities Regulatory Commission held an expert symposium on capital markets and financial situations on the 10th to listen to opinions and suggestions. Experts at the meeting suggested: continue to strengthen the construction of market stabilization mechanisms, further expand medium and long-term funding sources, channels and market entry methods, develop and expand patient capital, etc.
3. Zheng Shanjie, director of the National Development and Reform Commission, chaired a symposium on private enterprises on the 10th. Zheng Shanjie said that the National Development and Reform Commission will increase counter-cyclical adjustments, promote the early start of construction of clear major projects such as the "15th Five-Year Plan" and the "Six Networks" construction implementation plan, and stimulate the release of domestic demand potential.
4. Four departments including the Ministry of Industry and Information Technology jointly issued the "Notice on Further Strengthening the Management of Innovative Design and R&D Testing and Verification of Automotive Products (Draft for Comments)". It is mentioned that automobile manufacturers are not allowed to make false, exaggerated or misleading publicity, and are not allowed to induce drivers to ignore their safe driving responsibilities; they are not allowed to equip fully hidden door handles, and are not allowed to use folding displays, flexible displays, etc.
5. The Ministry of Finance released the "Report on the Implementation of China's Fiscal Policy in the First Half of 2026" on the 9th. It is proposed that a more proactive fiscal policy will be effectively implemented to support the all-round expansion of domestic demand.
6. The Ministry of Finance recently arranged to use local government debt balance limit of 550 billion yuan to improve counties and districts’ general public budget security capabilities and support local governments to expand effective investment.
7. The China Securities Regulatory Commission revised and issued the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comments)" after a lapse of 12 years. It plans to lower the threshold for the establishment of equity funds, hybrid funds, and FOF from 200 million yuan to 50 million yuan, and plans to lift the mandatory liquidation line of "200 million yuan in three years" for sponsored funds and equalize the exit conditions with ordinary funds.
8. According to dealers, wholesalers and terminal retailers in Henan, Shandong, Guangdong, Anhui and other places, overall channel inventory is still being reduced. The inventory of some interviewed wine merchants has dropped by about 10%-20% year-on-year. The turnover of large single products of famous wines is relatively fast, and some terminal inventories have been controlled within 1-2 months.
9. This week (October 12 to 16), many companies have lifted their bans. Shaanxi Energy and Jinke Co., Ltd. have the largest number of shares lifted, accounting for more than 80% of the total number of shares lifted this week. In addition, the market value of five stocks of Shougang Holdings-U, Dapuwei-UW, Jinke, Jerry Technology, and Changjiang Nengke has exceeded 1 billion yuan.
10. Yuexin Semiconductor announced that it will be listed on the GEM on October 13.
11. Luxshare Precision announced that the company and Luxshare Technology are involved in the Section 337 investigation and are still in the early stages of filing the case. Fii Industrial announced that the U.S. International Trade Commission has launched a Section 337 investigation into the company and its holding subsidiaries, involving a "vertical power supply system" patent.
12. Guanghe Technology announced that its net profit in the first three quarters is expected to increase by 100%-107% year-on-year; Jingwang Electronics announced that its net profit in the first three quarters is expected to increase by 205%-265% year-on-year; Hongfuhan announced that its net profit in the first three quarters is expected to increase by 108%-145% year-on-year; China Jushi announced that its net profit in the first three quarters is expected to increase by 100%-110% year-on-year.
13. Tianfu Communications announced in response to rumors of restrictions on overseas import and export policies: Currently, relevant policies do not restrict optical device products and do not affect the company's business.
14. The Shanghai Stock Exchange issued a supervisory letter to Dongbai Group. Dongbai Group announced on the same day that its wholly-owned subsidiary Dongbai Chuangzhi plans to acquire 52.67% of the equity of Kuailing Optoelectronics, a light detection chip company, for 316 million yuan.
15. Beibu Gulf Port announced that it plans to acquire 100% equity of Henggang Terminal, and the stock will resume trading today.
16. Xiontao Co., Ltd. announced that its solid-state battery business has not yet entered the mass production stage.
17. Harbin Pharmaceutical Co., Ltd. announced that the company’s director and president were placed on file and a lien was implemented.
18. Bohai Leasing announced that a subsidiary of its holding subsidiary Avolon plans to purchase 140 B737 MAX series aircraft from Boeing, with a total value of no more than US$26.953 billion.
19. The three major U.S. stock indexes collectively closed higher last Friday, with the Dow Jones Industrial Average rising 0.83%, the Nasdaq Composite Index rising 0.64%, and the S&P 500 Index rising 0.59%. Most popular technology stocks rose. Amazon rose by more than 3%, Microsoft and Tesla rose by more than 2%, Apple fell by more than 1%, and AMD and Intel fell by more than 2%. Popular Chinese concept stocks generally rose, with Century Internet rising nearly 7%, Li Auto, Alibaba, and Miniso rising more than 5%.
20. The airport in Riyadh, the capital of Saudi Arabia, was attacked consecutively on Saturday and Sunday, killing 12 people and injuring more than 300 people. The Houthis claimed responsibility and said the attack was a response to "Saudi aggression." Trump said the United States might consider joining a Saudi-led military campaign and changed his tune to say he would not rule out attacking Iran before the midterm elections.
21. The United States and Russia have reached an arrangement to allow Russia to export diesel. Trump said that relevant diesel will enter the global market starting this month, with a total volume of approximately 13.5 million barrels.
22. Trump said on Sunday that Russia and Ukraine agreed to implement an "energy ceasefire" immediately. Zelensky responded that Ukraine supported the arrangement, while stressing that Russia must also abide by it.
23. A University of Michigan survey showed that the U.S. consumer confidence index fell to a five-month low in October, with inflation expectations rising slightly. The United States will release CPI data for September on Wednesday. Rising gasoline prices are expected to accelerate overall inflation, but core price pressures have eased, which is expected to support the Federal Reserve's view that it will not raise interest rates this month.
24. Nvidia is in preliminary negotiations with Reflection AI, a US open weight model developer, to discuss acquiring the startup or further increasing investment. Amazon is in talks to acquire artificial intelligence startup Decart AI, a deal that could be worth about $7 billion.
25. Micron Technology’s board of directors approved expanding the size of the stock repurchase plan to US$35 billion, which will take effect in December.
26. Anthropic disclosed new misconduct by its AI model, some involving US government websites. Microsoft's CEO has called for an "emergency brake" mechanism for advanced artificial intelligence to prevent agent models from spiraling out of control.
27. The yield premium between France and Italian government bonds reached a new high since the creation of the euro last Friday. Well-known economist Krugman warned that France's deteriorating public finances may trigger a European debt crisis. Bundesbank officials also believe that the risk of the European debt crisis has risen sharply. A[Reminder of important events in the capital market next week: China’s CPI and PPI data for September will be released. ASML and TSMC’s financial reports verify whether the growth momentum of AI infrastructure investment can continue]
1. The National Bureau of Statistics will announce September CPI at 09:30 on October 14, with a year-on-year increase of 0.8% in August. The PPI for September was announced on the same day, with a year-on-year figure of 3.8% in August. In addition, September financial data may be released next week.
2. The General Administration of Customs will announce September import and export data at noon on October 14. In August, exports increased by 25% year-on-year and imports increased by 28.2%.
3. The price adjustment window for this round of refined oil products is 24:00 on October 15, and the domestic retail price of gasoline and diesel is expected to be reduced by 270 yuan/ton.
4. Next week (October 12th to October 16th), a total of 37 companies will gradually lift their restricted shares, with a total market value of 42.61 billion yuan. The top three companies in terms of market value after the lifting of the ban are: Shaanxi Energy (23.856 billion yuan), Shougang Holdings-U (3.008 billion yuan), and Dapu Micro-UW (2.673 billion yuan).
5. One new stock will be issued next week. Wenfeng Optoelectronics officially launched the public issuance process on the Beijing Stock Exchange and determined the issuance price to be 11.45 yuan per share. The online subscription date is October 12.
6. The U.S. Bureau of Labor Statistics will announce September CPI at 20:30 on October 14, with the previous value being 3.4% year-on-year. Agencies expect headline inflation to rise, driven in part by higher energy prices. On October 15 (Thursday), the Federal Reserve will release the Beige Book on Economic Conditions.
7. The 2026 Nobel Prize in Economics will be announced on October 12 (Monday) at 17:45 Beijing time.
8. The 140th Canton Fair will be held in Guangzhou from October 15th (Thursday) to November 4th. 64% of exhibitors apply new technologies such as industrial Internet and artificial intelligence.
9. The 26th China International Industrial Expo will be held in Shanghai from October 12 to 16 (Monday to Friday); the 2026 10th International Industrial Internet Conference and the Space Computing Industry Technology Application Ecological Forum will also be held at the same time.
10. The 2026 Artificial Intelligence Industry Conference will be held in Jinan from October 14th to 16th (Wednesday to Friday). The conference has attracted more than 3,000 high-quality companies in subdivided tracks, and more than 50 domestic and foreign industry leaders, including Nvidia, Huawei, ZTE, Haier, Baidu, and Yushu Technology, will make a concentrated appearance.
11. JD.com’s 2026 “Double 11” event is scheduled to launch on October 12 (Monday), and Taobao and Tmall’s “Double 11” event will launch on October 15 (Thursday).
12. Apple announced that it will hold a "Welcome Home" theme event on October 13, and is expected to launch a new generation of Apple TV 4K, HomePod mini, and a new home hub device. iPhone Duo will start pre-sale on October 16th and will be officially launched on October 23rd.
13. Anthropic will hold a Pre-IPO Investor Day with potential investors on October 14, and may launch formal IPO marketing as early as the week of November 9.
14. The Business, Innovation, Science and Trade Committee of the British Parliament has sent letters to Meta, Google, OpenAI and Anthropic, inviting them to attend the AI safety evidence hearing on October 13.
15. Tesla posted on the X platform that the Roadster event has been rescheduled to October 15; the new car may be equipped with an air-conditioned propulsion system from SpaceX.
16. Step Star will officially open source Step 5 Preview on October 15th. Step Terminal will release the first smart phone STEPX Neo on the 13th; Qianwen AI glasses will be released on the 13th. It is rumored that Gemini 4.0, Claude Opus 5.2, and GLM-5.4 will be released, but there is no official announcement.
17. The Q3 earnings season for the U.S. stock market has kicked off. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo will be the first to announce their results on Tuesday, followed by Bank of America, Morgan Stanley and BlackRock on Wednesday. Technology giants ASML and TSMC will also release financial reports on the 15th and 16th.
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