B[CITIC Securities: The global AI pharmaceutical market is expected to exceed US$46 billion in 2035] On October 15th, a CITIC Securities research report believed that AI has reshaped the underlying changes in pharmaceutical logic and accelerated its commercialization breakthroughs. Traditional pharmaceuticals are faced with the dilemma of the "Double Ten" law of high investment, long cycle, and low success rate. AI technology has fully penetrated into core pharmaceutical links such as target identification, virtual screening, new design, ADMET prediction, and automated synthesis, effectively breaking the throughput limit of traditional high-throughput physical blind screening, and greatly improving pharmaceutical efficiency and success rate. Currently, the AI pharmaceutical industry chain has evolved into a network-like empowerment system with platforms and technology centers as the core, with deep collaboration between upstream, midstream and downstream, and has shown a development trend in which multiple business models are compatible and advancing side by side. The global AI pharmaceutical market will be approximately US$2.49 billion in 2025, and is expected to exceed US$46 billion in 2035, with a CAGR expected to exceed 33%. The Chinese market is growing at the same pace as the world and is expected to become one of the most certain incremental markets. B[Domestic first brain-computer rehabilitation technology, hemiplegic patient successfully played "Little Star"] October 13th, October 12th, Union Hospital Affiliated to Tongji Medical College of Huazhong University of Science and Technology announced a first-of-its-kind clinical result in China: the team successfully developed the first domestic brain-computer interface fine movement reconstruction system based on high-channel matrix electrical stimulation. Relying on this innovative technology, a patient with hemiplegia of the right limb due to brain glioma, after nearly two months of standardized rehabilitation training, successfully realized finger flexion and extension, fine key pressing and other movements, and was able to play simple music such as "Little Star" in a coherent manner. This system innovatively integrates non-invasive brain-computer interface and functional electrical stimulation technology to build a closed-loop neural rehabilitation pathway of "idea decoding - precise electrical stimulation - muscle contraction - action execution - sensory feedback", and expands brain-computer interface rehabilitation training to single-finger and multi-finger collaborative fine finger movement training, bringing new hope for patients with motor dysfunction related to neurological diseases to rebuild fine motor functions. (CCTV Finance) B[CITIC Securities: The advancement of scale-up optical and the withdrawal of copper has become the general trend, and the value of NPO/CPO driven passive components has been revalued] On October 12, CITIC Securities reported that copper interconnection is approaching the physical limit, the advancement of scale-up optical and the withdrawal of copper has become the general trend, and the value of NPO/CPO driven passive components has been revalued. In terms of usage, FAU and optical engines form a 1:1 rigid match, and the usage increases with the pure increment of Scale-up; in terms of price, the quadruple premiums of high-channel, process, optical fiber, and pluggable drive the price of FAU in NPO/CPO. Domestic passive manufacturers bind overseas leading customers through OEM/cooperation. FAU's core barrier lies in high-precision manufacturing and large-scale delivery. B[ASEAN and China, Japan and Korea Macroeconomic Research Office: The overall regional performance is still solid] On October 5th, the ASEAN and China, Japan and Korea Macroeconomic Research Office officially released the "ASEAN and China, Japan and Korea Regional Financial Stability Report (2026)" and the "2026 ASEAN and China, Japan and Korea Regional Economic Outlook" October 5th update, local time. The report pointed out that despite the impact of the energy shock in the Middle East, the overall regional performance remained solid. The ASEAN, China, Japan and Korea Macroeconomic Research Office predicts that regional economic growth will be 4.1% in 2026 and 2027, and inflation rates will be 1.6% and 1.7% respectively. Strengthening artificial intelligence-related exports and investment are supporting economic growth, while rising energy prices and food price pressures from El Niño could push up inflation. In addition, shipping obstruction in the Strait of Hormuz has pushed up energy prices and once again raised concerns about global inflation. The report pointed out that despite facing external adverse factors and rising US dollar interest rates, the economies of ASEAN, China, Japan and South Korea still showed strong resilience. A[Overnight global news you need to know on Saturday: Saudi Arabia plans to attack the Houthi armed forces in Yemen on multiple fronts, G7 will release 100 million barrels of energy, European and American stock markets rose across the board, Nasdaq and Nvidia hit new highs during the session]
1. According to reports, Saudi Arabia plans to launch an offensive against the Houthi armed forces in Yemen, and is expected to launch a multi-front offensive in the next few weeks.
2. Trump said that the United States will not implement a diesel export ban.
3. French President Macron said that the G7 will release up to 100 million barrels of diesel and crude oil reserves within four months.
4. Fed Goolsby said that he would not react strongly to one month's data and would not rule out making any decisions at the next interest rate meeting.
5. Swaps contracts linked to the Fed’s policy rate no longer price in a full 25 basis point rate hike this year.
6. TD Securities expects the Federal Reserve to raise interest rates in December and March, compared with previous expectations of October and January.
7. When talking about U.S. bond yields, Hassett said that a strong economy drives up yields.
8. NVIDIA announced that it will launch DGX SPARK 64GB, which can run up to 100 billion parameter AI models locally.
9. SEC documents show that Qualcomm has submitted a prospectus and plans to resell up to 25 million common shares.
10. Anthropic reportedly plans to expand its cutting-edge engineering team to 10,000 people by 2027.
11. Google announced that Spanner Queues is officially fully open to support transactional messaging in agent workflows.
12. It is reported that the cloud businesses of Microsoft and Amazon will face stricter scrutiny by the European Union.
13. SK Group Chairman Choi Tae-won will sell 2.26% of SK Corp’s shares for approximately 944 billion won. The transaction is expected to be completed on November 2.
14. Pakistan’s Foreign Minister stated on the 2nd that no fees should be charged for passing through the Strait of Hormuz.
15. CME Group withdrew its application to launch an all-weather 10-barrel crude oil futures contract.
16. Trump said that the agreement with South Korea included US$8.4 billion in projects to enhance oil recovery.
17. 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.
18. The three major U.S. stock indexes collectively closed higher. The Nasdaq rose 1.19%, setting a new intraday high, rising 0.45% this week, and rising for three consecutive weeks; the S&P 500 rose 0.73%, falling 0.27% this week; the Dow rose 0.49%, falling 1.26% this week. Nvidia hit another intraday high. Major European stock indexes collectively closed higher, with Germany's DAX30 index rising 1.13%.
19. The international crude oil futures settlement price closed down. WTI crude oil futures November contract fell by 1.9%, and has fallen by 1.4% this week; Brent crude oil futures December contract fell by 0.06%, and has fallen by 1.98% this week.
20. COMEX gold futures fell 0.72%, down 3.45% this week; COMEX silver futures fell 0.76%, down 6.31% this week. A[Philadelphia Semiconductor Index rose 3%] On October 2, US chip stocks rose, and the Philadelphia Semiconductor Index rose 3% to 13222.15 points. ARM rose more than 4%, NXP, Intel, AMD, Applied Materials, and Broadcom rose more than 3%, Nvidia rose 2.8%, Qualcomm rose 2.3%, and TSMC rose 2.2%. B[U.S. chip stocks generally rose before the market opened] On September 29, most U.S. chip stocks rose before the market opened. As of press time, SK Hynix rose 1.29%, ASML rose 1.49%, Micron Technology rose 1.43%, Broadcom rose 0.41%, Nvidia rose 0.80%, AMD rose 0.68%, SanDisk rose 0.92%, Qualcomm rose 0.61%, and TSMC fell 0.35%. A[Most U.S. chip stocks fell, ARM fell nearly 10%, and the Philadelphia Semiconductor Index fell 3%] On September 28, most U.S. chip stocks fell during the session, with the Philadelphia Semiconductor Index falling 3.00%. In terms of individual stocks, Arm fell 9.77%, Qualcomm fell 7.21%, SanDisk fell 6.52%, SK Hynix fell 6.32%, Intel fell 6.11%, Lumentum fell 6.02%, Western Digital fell 5.21%, AMD fell 5.09%, and Micron Technology fell 4.56%. Nvidia bucked the trend and rose 1.68%, TSMC fell 1.61% and Broadcom fell 1.50%. B[TSMC’s 2nm chip monthly production capacity may reach 120,000 pieces by the end of the year] On September 28, it was reported that sources said that as major customers such as Apple, Nvidia, AMD, Qualcomm and MediaTek increased their orders by 10% to 20%, TSMC is accelerating the expansion of its 2nm production capacity. According to reports, TSMC’s monthly production capacity of 2nm chips may reach 120,000 pieces by the end of the year, higher than the previous market estimate of 90,000 to 100,000 pieces. The accelerated pace of production capacity expansion will enable the production capacity level originally scheduled to be reached in 2027 to be achieved ahead of schedule. B[AI hardware stocks rose almost across the board before the U.S. stock market opened] On September 25th, AI hardware stocks rose almost across the board before the U.S. stock market opened. Nvidia rose 0.29%, TSMC rose 0.46%, Broadcom rose 1.02%, and S K Hynix rose 1.23%, Micron Technology rose 0.89%, Advanced Micro Devices rose 1.94%, Intel rose 1.48%, ASML rose 1.00%, Lam Group rose 1.23%, Arm Holdings rose 2.85%, SanDisk rose 1.88%, Qualcomm rose 0.42%, Western Digital rose 1.37%, Seagate Technology rose 1.28%, Marvell Technology rose 1.61%, Lumentum rose 1.55%, Coherent rose 2.17%, and the triple long semiconductor ETF-Direxion rose 3.34%. B[U.S. chip and semiconductor stocks fell before the market opened Multiple stocks fell more than 2%] September 24th, U.S. chip semiconductor stocks fell before the market. Nvidia fell 1.25%, TSMC fell 1.42%, Broadcom fell 1.50%, SK Hynix fell 2.03%, Micron Technology fell 2.43%, Super Micro fell 2.07%, Intel fell 3.03%, ASML fell 2.12%, Lam Group fell 2.49%, Arm Holdings fell 4.07%, SanDisk fell 2.97%, Qualcomm fell 1.72%, Western Digital fell 3.15%, Seagate Technology fell 2.44%, Marvell Technology fell 3.39%, Lumentum fell 2.45%, Coherent fell 3.29%, and the triple long semiconductor ETF-Direxion fell 5.76%.
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