B[Alibaba and TSMC are listed to expand U.S. stock options trading hours next week] October 16th, as the U.S. stock market essentially enters “24-hour trading,” options matching stocks will also see an expansion of trading hours. According to an announcement from the Chicago Board Options Exchange (Cboe), its Cboe Options Exchange (C1) will add morning and after-hours trading sessions for designated stock and ETF options starting next Monday. Options on popular companies such as Alibaba, TSMC, NVIDIA, Apple, and Tesla are all covered by the announcement. For investors, the most direct change is that these stock options can participate in pre-market trading of U.S. stocks from 7:30 to 9:25 a.m. ET, or continue trading for 15 minutes after the end of regular trading. This coverage includes the "Seven Big Tech" in the U.S. stock market, as well as popular companies such as AMD, Broadcom, Intel, Micron, Oracle, Marvell Technology, SanDisk, Palantir, and Robinhood. Alibaba, TSMC, Nokia, Pfizer, Bank of America, and Ford are also on the announcement list. A[The Philadelphia Semiconductor Index fell 3.65% at the opening and stocks in the AI hardware sector plummeted] On October 15th, the Philadelphia Semiconductor Index fell 3.65% at the opening and is now at 11,257 points. NVIDIA's stock price fell 3.09%, TSMC's stock price fell 4.22%, Broadcom's stock price fell 2.55%, SK Hynix's stock price fell 5.7%, Micron Technology's stock price fell 4.05%, AMD's stock price fell 5.48%, ASML's stock price fell 2.25%, Intel's stock price fell 5.51%, Lam Group's stock price fell 4.66%, Applied Materials' stock price fell 3.59%, ARM's stock price fell 4.13%. A[Overview of U.S. stock market pre-market news: Cook said Apple Smart plans to release a test version in China at the end of October; Terafab may usher in its first EUV lithography machine in the middle of next year; U.S. debt "risk-off trade" is back] On October 15th, 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 0.35%, S&P 500 futures fell 0.31%, and Nasdaq 100 futures fell 1.25%.
2. International oil prices have been mixed. WTI crude oil futures prices rose 0.33% to US$95.400/barrel; Brent crude oil futures prices fell 1.18% to US$104.804/barrel.
3. International gold and silver spot prices rose collectively. Spot gold prices rose 1.20% to US$4,154.39 per ounce; spot silver prices rose 1.94% to US$56.70 per ounce.
4. Most of the three major European stock indexes rose. Britain's FTSE 100 index rose 0.77%, France's CAC40 index rose 0.27%, and Germany's DAX30 index fell 0.39%.
5. During a visit to Shanghai, Cook, executive chairman of Apple’s board of directors, said that Apple’s smart phone and related Alibaba Qianwen large model have indeed been approved and will release a test version later in October, but do not include Siri AI.
6. Musk’s chip project Terafab may usher in its first ASML EUV lithography equipment in the middle of next year. Terafab's initial chips are expected to still use traditional chip equipment to match Intel's 14A process.
7. TSMC stated that capital expenditures in 2026 are expected to be US$60 billion to US$64 billion; the CPU demand for AI agents is growing, far exceeding the existing supply capacity; it is discussing with Musk whether it can utilize TeraFab's idle production capacity.
8. Concerns about the credit risk of AI cloud service provider CoreWeave have further intensified, with its five-year credit default swap (CDS) spread exceeding 1,000 basis points, reflecting market concerns about its debt repayment and refinancing capabilities.
9. Rocket Lab once again postponed the first flight plan of its new high-thrust rocket Neutron, delaying its first launch to 2027. Rocket Lab shares fell nearly 12% before the market opened.
10. Goldman Sachs expects Google’s capital expenditures next year to be close to US$350 billion, maintaining a “buy” rating on Google and a target price of US$435.
11. The decline in U.S. stocks combined with the attraction of yields has led to the resurgence of the "safe-haven trade" in U.S. bonds. U.S. bond prices have continued their recent gains, driving yields across all maturities lower. The 10-year U.S. Treasury yield fell 10 basis points to 5.08% during the day. B[The decline in U.S. chip stocks intensifies, and the total market value may evaporate by more than 1 trillion US dollars] October 15th, as the market’s concerns about rising interest rates, overvaluation, and the huge cost of AI infrastructure intensify, the total market value of the Philadelphia Semiconductor Index component stocks is expected to evaporate by more than 1 trillion US dollars. The Philadelphia Semiconductor Index has fallen by about 10% in the past six trading days, and is set to set its longest losing streak since May 2025. More than half of the index's components fell at least 10% during that time. Arm Holdings fell nearly 20%, Applied Materials fell about 15%, and Intel fell 11%. GlobalFoundries Semiconductor was the only component to gain. Ulrike Hoffmann-Burchardi of UBS's chief investment office wrote in a research report on Wednesday: "The pressure on global chip stocks has further intensified in recent days. Although intensified competition in the AI field, rising financing needs and higher interest rates may increase market volatility from time to time, we believe that this recent round of decline is more about the market's readjustment of expectations rather than a fundamental change in AI investment logic."
Global AI-themed trading, led by semiconductor stocks, has seen a sell-off over the past week. BOn October 13, the Philadelphia Semiconductor Index opened down 2.6% to 11,926 points. NVIDIA's stock price fell 0.93%, TSMC's stock price fell 1.46%, Broadcom's stock price fell 1.34%, SK Hynix's stock price fell 5.75%, Micron Technology's stock price fell 5.49%, AMD's stock price fell 3.27%, ASML's stock price fell 2.28%, Intel's stock price fell 2.33%, Lam Group's stock price fell 3%, and ARM's stock price fell 3.84%. A[Overnight global news you need to know on Tuesday: Federal Reserve Hammaker said interest rates need to be raised further; Russia and the United States have begun negotiations on a diesel deal; Meta launches the Muse Wonder AI model with "cutting-edge capabilities"]
1. Fed Hammaker said that interest rates need to be raised further; it prefers smaller and more frequent interest rate hikes.
2. Russian Deputy Prime Minister Novak said that Russian and American companies have begun negotiations on diesel supply transactions; Russia may supply 3.5 million tons of diesel to the global market per month in the future, returning to previous levels.
3. Majid Nuzaili, spokesman for the Yemeni government forces, issued a statement on the 12th saying that the government forces killed approximately 950 Houthi armed personnel in military operations in the past 24 hours.
4. Yahya Saraya, the military spokesman of the Yemeni Houthi armed forces, issued a statement saying that on the evening of the same day, the Yemeni Houthi armed forces used a ballistic missile to attack the King Khalid International Airport in Riyadh, the Saudi capital, and claimed that the missile accurately hit the target.
5. Qatar Airways issued a travel warning and announced that it would temporarily suspend flights to and from Riyadh and Dammam, Saudi Arabia.
6. Meta said that after 14 months of hard work, the new Muse model has reached the forefront of AI. This new artificial intelligence model called Muse Wonder has "cutting-edge capabilities."
7. Intel is accelerating the promotion of open infrastructure for the era of intelligent AI and has begun to provide GPU D series samples to customers.
8. NVIDIA and Cisco jointly launched a new pluggable optical module form factor USFP (Ultra-Dense Small Pluggable), aiming to expand the network scale of AI factories.
9. Commodity trader Trafigura announced the signing of a binding 10-year offtake agreement with US lithium technology startup EnergyX, involving 100,000 tons of battery-grade lithium products from projects in the United States and Chile.
10. The American supermarket chain Kroger plans to lay off more than one-third of its headquarters employees to simplify operating procedures and enhance market competitiveness.
11. The three major U.S. stock indexes closed with mixed gains. The Dow rose 0.38%, the Nasdaq fell 0.44%, and the S&P 500 fell 0.06%. The storage sector weakened, with SanDisk falling nearly 6%, and SK Hynix and AMD falling more than 4%.
12. The settlement price of WTI crude oil futures was US$93.74/barrel, an increase of US$1.89, or 2.06%. Brent crude oil futures settled at $106.65 per barrel, up $1.93, or 1.84%.
13. COMEX gold futures closed down 0.48% at US$4,195.9 per ounce; COMEX silver futures fell by 0.78% at US$60.57 per ounce. A[Overview of U.S. stock market pre-market news: Lumentum said optical component production capacity has been sold out until early 2029; Apple cuts production of iPhone 18 Pro series components due to weak demand; Nvidia may use Intel's Foveros packaging technology] October 9th, 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 collectively rose. Dow Jones futures rose 0.14%, S&P 500 futures rose 0.36%, and Nasdaq 100 futures rose 0.73%.
2. International oil prices fluctuated and fell. WTI crude oil futures prices fell 0.55% to US$90.987/barrel; Brent crude oil futures prices fell 1.36% to US$102.864/barrel.
3. International gold and silver spot prices both rose. Spot gold prices rose 1.24% to US$4,184.51 per ounce; spot silver prices rose 2.27% to US$60.49 per ounce.
4. The three major European stock indexes rose across the board. Britain's FTSE 100 index rose 1.12%, France's CAC40 index rose 0.98%, and Germany's DAX30 index rose 1.31%.
5. Hurlston, CEO of U.S. optical communications leader Lumentum, said on Friday local time that the company’s optical device production capacity has been sold out until early 2029.
6. As the cost of memory chips soared, Apple was forced to raise prices, leading to a decline in consumer demand. Apple has told some suppliers to cut component production for its newly launched iPhone 18 Pro and iPhone 18 Pro Max.
7. A report pointed out that Intel’s packaging technology is receiving continued recognition from the market, and Nvidia may adopt Intel’s Foveros chip technology in 2028, when the technology will also be put into mass production.
8. SpaceX announced an agreement to acquire a set of 800MHz low-band spectrum licenses covering the United States to further expand direct-connect satellite and mobile communication services for mobile phones.
9. The Zimbabwean government stated that manufacturers have sufficient preparation time and there is no reason to postpone the lithium concentrate export ban originally scheduled to take effect in January next year. This move is aimed at obtaining higher added value from the country's natural resources.
10. The Japan Meteorological Agency said that the El Niño phenomenon has increased to the strongest on record. The agency predicts that the possibility of the El Niño phenomenon continuing throughout the northern hemisphere winter is 100%, which is consistent with the outlook of the U.S. Climate Prediction Center.
11. UBS said that gold may test the support level of $4,000 in the short term, and a pullback is an opportunity to add positions. UBS predicts that gold prices will reach US$4,600 in December this year and rise to US$5,000 in March 2027. A[Morning News Selection on October 9th]
1. The People's Bank of China issued an article stating that China's trade development is rooted in the improvement of the international competitiveness of its industries. China has no need or intention to gain trade competitive advantages through exchange rate depreciation, and has never engaged in competitive currency depreciation.
2. According to the Ministry of Industry and Information Technology, in the first eight months of this year, China’s software business revenue exceeded 10 trillion yuan, a year-on-year increase of 8.8%, and the total software industry profit increased by 1.3% year-on-year; software business exports were US$45.99 billion, a year-on-year increase of 12.5%.
3. The Ministry of Human Resources and Social Security issued the "Measures for the Protection of Workers' Rights and Interests in New Employment Forms (Draft for Comment)", which stipulates basic labor rights and interests such as equal employment and free choice of employment, labor remuneration, rewards and punishments, working hours and labor intensity, rest, labor safety and health, protection from severe weather, vocational training, social insurance, personal information protection, collective consultation, etc., and sets the bottom line for workers' working conditions in new employment forms.
4. The Beijing Municipal Radio and Television Bureau issued "Beijing's Several Measures to Support the High-Quality Development of the Ultra-HD Audiovisual Industry." It is proposed to increase financial support for the development of the ultra-high-definition audio-visual industry. Conduct targeted listing guidance for key ultra-high-definition companies, and support ultra-high-definition companies to be listed on the domestic main board, science and technology innovation board, gem, and Beijing Stock Exchange.
5. Huang Kunming, Secretary of the Guangdong Provincial Party Committee, went to Shenzhen on October 8 to conduct in-depth research on port hubs and platform enterprises. The survey pointed out that Shenzhen should use the city's efforts to accelerate the development of the artificial intelligence and robotics industries, strengthen the construction of technologies, elements, and scenarios, strive to be at the forefront of cultivating the smart economy, take new paths, and comprehensively enhance new drivers and advantages of industrial development.
6. According to the temporary index adjustment rules and compilation plan, CSI Index Co., Ltd. has decided to adjust the samples of CSI 1000 and CSI 500 indexes, which will take effect after the market closes on October 9, 2026.
7. Citigroup said it expects the CPU market size to reach US$300 billion in 2030.
8. Zunjie Auto released a statement stating that the Zunjie braking system has completed the entire process development and verification in accordance with requirements that are higher than national standards (GB 21670-2025 / GB 7258-2026) and higher than industry standards (QC/T 788-2018). In actual usage scenarios, the brake pedal bracket base did not break.
9. A person from the Securities Department of Changguang Huaxin told a reporter from the Science and Technology Innovation Board Daily that the "FCC 65%" relevant provisions mentioned in the Morgan Stanley report are informal regulations, and domestic 800G/1.6T optical chips are still in extremely short supply in the short term.
10. Dongyue Silicon Materials announced that its net profit in the first three quarters is expected to increase by 19050%-19750% year-on-year; Net profit is expected to increase by 223%-248% year-on-year; Benchuan Intelligent announced that it expects net profit in the first three quarters to increase by 190%-335% year-on-year; Guanghui Energy announced that it expects net profit in the first three quarters to increase by 167%-177% year-on-year.
11. Dongshan Precision responded to rumors related to optical chip procurement restrictions, saying that some of the optical chips used in the optical module business are self-developed and self-produced, and the overall compliance space is sufficient.
12. Xiongsu Technology announced that it plans to acquire no more than 80% of the equity of Xinyuan New Materials.
13. Wavelength Optoelectronics announced that the company and its chairman were prosecuted for smuggling goods prohibited from import and export by the country.
14. Trump stated that he was having productive talks with Iran and would never attack Iran before the midterm elections for the U.S. Congress on November 3.
15. The Houthi armed forces in Yemen issued a statement saying that on the evening of the 8th, the Houthi armed forces attacked the Saudi airport and air base for the third time.
16. The Federal Reserve's Mussallem said that further tightening of monetary policy is needed to bring inflation back to target, and interest rates should be raised in the next 6 to 9 months.
17. Federal Reserve Governor Waller said that further interest rate increases are still needed, but there is "flexibility" in the pace of interest rate increases. The dot plot could reflect a rate hike in early 2027, followed by a rate cut later.
18. The three major U.S. stock indexes closed with mixed gains, with the Dow up 0.1%, the Nasdaq down 1.25%, the S&P 500 down 0.47%, the storage and semiconductor sectors fell, the Philadelphia Semiconductor Index closed down 3.39%, Intel fell over 5%, SanDisk, Micron Technology, and SK Hynix fell over 4%.
19. The settlement price of WTI crude oil futures was US$91.49/barrel, an increase of 3.64%; the settlement price of Brent crude oil futures was US$104.28/barrel, an increase of 4.07%. COMEX gold futures closed up 0.43%, while COMEX silver futures fell 1.43%.
20. Apple plans to hold a product launch event around Tuesday, October 27, to officially launch its first touchscreen version of MacBook and a new generation of iPad mini.
21. According to financial documents disclosed to investors, OpenAI disclosed to investors at the end of September that its current annual revenue is close to US$50 billion, which is about US$20 billion less than OpenAI’s annualized revenue of nearly US$70 billion reported by the media at the end of last month. A[Overnight global news you need to know on Friday: OpenAI’s annual revenue is $20 billion lower than previously reported; Trump said he would not attack Iran before the midterm elections; the Nasdaq closed down more than 1%, and the storage and semiconductor sectors fell]
1. U.S. President Trump stated that he is having productive talks with Iran and will never attack Iran before the U.S. Congressional midterm elections on November 3.
2. Fed Musallem said that further tightening of monetary policy is needed to bring inflation back to target, and interest rates should be raised in the next 6 to 9 months.
3. According to information released on the website of the U.S. Department of the Treasury, the United States has imposed a new round of sanctions on Iran, including 17 ships transporting Iranian crude oil, petroleum products, and petrochemical products.
4. Ukrainian President Zelensky told the media on the 8th that the Ukrainian negotiating team will hold a new round of talks on the Ukraine crisis with US President Trump’s special envoy Witkov and son-in-law Kushner in the United States on the 9th.
5. The Houthi armed forces in Yemen issued a statement on the 8th local time saying that on the evening of the same day, the Houthi armed forces launched two cruise missiles at King Khalid International Airport in Riyadh, Saudi Arabia, and simultaneously launched a ballistic missile at Najran Airport and a ballistic missile at Khamis Mushayt Air Force Base. This is the third time the Houthis have issued a statement on the 8th claiming to have attacked King Khalid International Airport.
6. According to financial documents disclosed to investors, OpenAI disclosed to investors at the end of September that its current annualized revenue is close to 50 billion U.S. dollars, which is about 20 billion U.S. dollars less than OpenAI’s annualized revenue level of nearly 70 billion U.S. dollars reported by the media at the end of last month.
7. Apple confirmed that it will hold a new product launch conference in New York on October 13 to launch new smart home products. The theme of this event is "Welcome home" and a variety of devices will be released.
8. Apple plans to hold a product launch event around Tuesday, October 27, to officially launch its first touch-screen version of MacBook and a new generation of iPad mini.
9. SpaceX officially announced on Thursday that it has reached an agreement to acquire a portfolio of low-frequency spectrum license assets covering the entire United States.
10. According to estimates by the U.S. Congressional Budget Office, the U.S. federal government budget deficit in fiscal year 2026 will total $2 trillion, which is $218 billion higher than the deficit in fiscal year 2025.
11. Freddie Mac said in a statement Thursday that the average interest rate on a 30-year fixed-rate mortgage rose to 7.4% from 7.28% a week ago. The interest rate is currently the highest since November 2023. A year ago it was 6.3%.
12. According to the Investment Company Institute (ICI), the assets of U.S. money market funds increased to $7.96 trillion.
13. The United States’ holdings of U.S. Treasury bonds by foreign central banks decreased by US$16.873 billion in the week to October 2, compared with a decrease of US$15.101 billion in the previous value.
14. The U.S. government suspended green card applications for foreign employees of many technology companies and investigated visa issues at 9 universities.
15. The three major U.S. stock indexes closed with mixed gains. The Dow rose 0.1%, the Nasdaq fell 1.25%, and the S&P 500 fell 0.47%. The storage and semiconductor sectors fell. The Philadelphia Semiconductor Index closed down 3.39%. Intel fell more than 5%. SanDisk, Micron Technology, and SK Hynix fell more than 4%.
16. The settlement price of WTI crude oil futures was US$91.49/barrel, an increase of US$3.21, or 3.64%. Brent crude oil futures settled at $104.28 per barrel, up $4.08, or 4.07%.
17. COMEX gold futures closed up 0.43% at US$4,158.3 per ounce; COMEX silver futures fell by 1.43% at US$59.43 per ounce.
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