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. B[Apple begins the "Ternus Era" and will usher in the largest wave of product launches in history in the next few years] On September 4, technology reporter Mark Gurman published an article saying that Apple will launch a large number of new products and upgraded products from 2026 to 2029, and the scale of the launch may become the largest in the company's history. Apple's new CEO John Ternus will host a new product launch conference for the first time on September 9, and is expected to launch new iPhones and Apple Watches. This will also be the beginning of a new wave of product releases. Gurman said that in the next few years, Apple will launch new products such as folding iPhones, the first touch-screen OLED MacBook, smart home hubs with screens, smart glasses, and AirPods equipped with cameras, and will continue to update product lines such as iPad, Mac, and Apple Watch. Some products are still in the development stage and release dates may be adjusted or canceled.
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