According to Bank of America citing data from EPFR Global, in the week ending October 10, global emerging markets bond funds attracted a ​bonds inflow of $1.2 billion, maintaining positive inflow for four consecutive weeks. China stocks fund set a record with a weekly inflow of $39.1 billion, while India stocks fund experienced an outflow of $0.2 billion for the first time since June 22. In addition, emerging markets stocks funds have continued to achieve net inflows over the past 19 weeks.

Hong Kong: Several self-driving car projects are currently advancing, with the expectation to announce successful projects with licenses by the end of the year. Recently, there have been reports that "Baidu's Robo-Taxi Program has launched self-driving taxi services in Hong Kong." In response, the Hong Kong Transport and Logistics Department stated that a new framework for regulating autonomous vehicles was implemented in March of this year. The new regulatory framework, while ensuring road safety, provides the industry with more flexibility to test and apply self-driving vehicles in more complex road conditions. Hong Kong also funds multiple autonomous vehicles and vehicle networking projects through the "Smart Mobility Fund."

NVDA Q2 Earnings Update
• Sales $30.0B vs Est. $28.6B
• EPS $0.68 vs Est. $0.64
NVIDIA reported a record quarterly revenue of $30.0 billion for the second quarter of fiscal year 2025, a 122% increase from the previous year. Data Center revenue also reached a record $26.3 billion, a 154% increase year-over-year. GAAP earnings per diluted share were $0.67, up 168% from the previous year, and non-GAAP earnings per diluted share were $0.68, up 152%.
For the third quarter of fiscal 2025, NVIDIA...

IBM withdraws R&D from China
IBM executive Jack Hergenroder told employees in a virtual meeting on Monday morning that he was transferring Chinese R&D capabilities to other overseas facilities, according to employees present at the meeting. Hergenrother said IBM has seen a decline in its infrastructure business over the past few years, intensifying competition in China, the employees said.
-WSJ

LIBYA EASTERN GOVT TO HALT ALL OIL PRODUCTION AND EXPORTS

The Japan Department Store Association announced that from January to July, the total sales of duty-free goods by national department stores to visiting Japanese tourists reached 397.8 billion yen (approximately RMB 19.5 billion), exceeding the 348.4 billion yen accumulated in the previous year, setting a new record for annual sales. In July, the duty-free sales for the month reached 63.3 billion yen, about twice the amount of the same period last year. High-priced items such as jewelry and cosmetics are selling well. It is reported that there are more customers from China and South Korea, among other Asian countries.