Eastern time on Monday, the three major indexes of the U.S. stock market collectively closed up, the Dow rose 0.59%, the Nasdaq rose 0.39%, the S&P 500 index rose 0.63%, oil and gas, defense and military, precious metals sector led the gains, Houston energy rose more than 26%, the United States energy rose more than 11%, Lockheed Martin rose nearly 9%, General Dynamics rose more than 8%, Conocophillips and Nabors Industries rose more than 5%, Harmony Gold rose nearly 5%, Raytheon Technologies and Occidental Petroleum rose more than 4%. Airlines, cruise lines, semiconductor equipment sectors fell, Conte Technology fell more than 8%, Hawaii Holdings fell more than 7%, Delta Air Lines, American Airlines, Carnival Cruise lines fell more than 4%.



Popular Chinese stocks were mostly lower, with the NASDAQ China Golden Dragon Index down 0.94 per cent. Xiaopeng Automobile fell more than 10%, Ideal Automobile, NiO fell more than 4%, Bilibili fell more than 2%, Alibaba, Manbang, Jingdong fell more than 1%, Baidu, iQiyi, Tencent Music fell slightly; NetEase rose more than 3%, Weibo, Futu Holdings, Vipshop rose more than 2%, Pinduoduo rose more than 1%.





World News

From chip giant to car maker upstart! Which global stocks will be affected by the Israeli-Palestinian conflict?
Global financial markets were also cast a pall on Monday as tensions flared in the Middle East over the weekend following a surprise attack by Hamas on Israel. Not only is the conflict threatening to drive safe-haven assets such as gold and the dollar higher, but the share prices of many listed companies that derive revenue from the Israeli market are also being hit. Saturday's attacks put new pressure on global financial markets as they grapple with the negative impact of higher interest rates and a slowing global economy.
Us debt crisis Roils politics
In the past week, the United States government temporarily lifted the shutdown crisis, the cost of the United States political number three McCarthy was ousted, the House of Representatives "paralyzed." At the same time, the Federal Reserve reported its largest loss in 100 years. All this is closely related to the US debt storm that the global financial market is closely watching. Us Treasuries are heading for the "biggest bond bear market ever". As the "anchor of global asset pricing", the 10-year US Treasury yield hit a 16-year high in the past week, soaring as high as 4.89 per cent. The 10-year Treasury has fallen 46% from its March 2020 peak, which is close to the 49% drop in the U.S. stock market after the dotcom bubble burst in 2000.
The new earnings season is about to begin! Eight out of 10 think U.S. stocks will face a profit warning
Us equities, reeling from rising bond yields, are facing a fresh threat as weakening trends in US consumer spending are expected to trigger a string of profit warnings from listed companies. According to a survey by Markets Live Pulse, 80 percent of 567 respondents are concerned that some industries may warn about earnings trends when they report new quarterly results, causing people to invest less. Respondents included portfolio managers, traders, individual investors, economists and researchers. That means the new earnings season could undercut the S&P 500. The index rose 1.2 per cent on Friday (Oct 6) after a breakthrough in talks between auto unions and carmakers boosted market sentiment.
A wave of bankruptcies and defaults is coming! Charles Schwab: The U.S. economy could fall into recession
As high interest rates hit corporate America, there could be a wave of corporate defaults and bankruptcies. Experts warn that could increase the chances of a recession as high interest rates take their toll on both businesses and consumers. According to S&P Global (S& By the end of August, 459 companies had filed for bankruptcy, according to P Global. That number already exceeds the total number of bankruptcy filings in 2021 and 2022.
At a sensitive time, Saudi Arabia offered a "drag formula" : or it will wait several months before making a production decision
The OPEC+ oil producers' alliance, led by Saudi Arabia and Russia, may wait for guidance from actual oil market data in the next few months before deciding how to adjust its oil output policy amid increasingly volatile oil prices, Saudi Arabia's energy minister said on Sunday. Speaking at an event in Riyadh, Prince Abdulaziz bin Salman, the Saudi energy minister, said, "Yes, we may delay a decision, but we will not give up our precautionary strategy, even if it takes months."
The Finnish operator of a gas pipeline in Europe says it could take months to fix a leak
Finnish gas system operator Gasgrid said on Sunday that the Balticconnector, an undersea gas pipeline connecting Finland and Estonia, had been shut down due to a suspected leak and that repair work could take months or longer if a rupture was confirmed. The company said in a statement that the pressure on the undersea pipeline had dropped sharply and it was working to confirm the exact location and cause of the problem. The valve on the leaking pipe has been closed to prevent more gas from escaping.
Company news

TSMC 3nm yield is said to be only about 50% of the iPhone15 heating problem is related to this?
Both Samsung and TSMC may have experienced production problems with 3-nanometer semiconductors, although this issue has not been reported so far. According to South Korean media ChosunBiz quoted sources as saying that the two semiconductor giants may be difficult to exceed 60% in the 3-nanometer semiconductor yield problem, and this level is not enough to attract the attention of hardware suppliers. According to the semiconductor industry, the yield of Samsung Electronics and TSMC's 3-nanometer chips is around 50 percent.
Ali denied the rumors of the closure of Luohan Tang: "The start of the new team and new work is stepping up preparations"
On October 9, in response to the rumor that "Luohan Hall is closed, Alibaba will fade out of attention to social affairs", the relevant person in charge of Alibaba told the "Daily Economic News" reporter that the news is untrue, and Alibaba's attention and investment in digital economy innovation has never weakened. The person in charge said that with the continuous advancement of the 1+6+N organizational change, the organizational relationship, team composition and work focus of Arhat Hall have been adjusted, the digital economy research work and Arhat Hall research ecology continue to be carried out by Arhat Digital Economy Research Institute, Arhat Hall and Arhat Hall brand continue to exist. At present, the new team and new work are being prepared and promoted.
Does Pinduoduo Temu charge commission to sellers? Response: Misinformation
On October 9, for the outside world, Duoduo cross-border platform "began to charge commission", Pinduoduo responded to surging news reporters that it was pure misinformation. Many cross-border "Customer service outsourcing Service Agreement" has clearly agreed, "This agreement aims to further clarify the rights and obligations of both parties, your settlement will not be affected because of the signing of this agreement", that is, continue to be in accordance with the original "merchant 0 yuan, 0 commission" rule, no different from before. And the relevant situation has been explained to some merchants.
South Korea: The United States has agreed to allow Samsung and SK Hynix to supply semiconductor equipment to their Chinese factories
On October 9, local time, Choi Sang-moo, senior secretary for economic affairs of the South Korean presidential Office, said at a press conference held at the presidential palace building in Yongsan, Seoul, that the US government made a final decision to indefinitely exempt Samsung Electronics and SK Hynix from providing semiconductor equipment to their factories in China without other permits. Choi Sang-moo revealed that the United States has notified Samsung Electronics and SK Hynix and other related companies of this decision, which will take effect from now on.