Both major US indexes hit new highs, with the S&P 500 and the Dow Jones Industrial Average rising for a second consecutive day. Nvidia surged over 2%, reaching a historic high in four months, becoming a significant force supporting the rise of US stocks.
Meanwhile, Chinese concept stocks index experienced a decline of over 2%. Xpeng and Nio Inc dropped by nearly 10% and over 7% respectively, while PDD Holdings also fell by 6%, hitting the lowest point of the month. Offshore RMB dropped by nearly 300 points mid-day, breaking through 7.10 to reach a new low in over a week.
In China's financial markets, new social financing in September reached 3.76 trillion yuan, with new RMB loans totaling 1.59 trillion yuan. Boosted by the stock market rebound, M2 money supply growth rate rose to 6.8%, while M1 money supply continued to decline. At the same time, the phenomenon of early repayment by residents has somewhat decreased recently.
In the international market, the USD index rebounded to a two-month high as US bonds were closed, while the yen hit a low of over two months. Bitcoin prices surged by nearly $4000 mid-day, breaking through the $66,000 mark, hitting a high in over two weeks.
Nvidia's stock price surge is benefiting from high expectations for its new Blackwell chip. In a recent lengthy interview, CEO Huang Renxun mentioned that Artificial General Intelligence (AGI) is imminent, and AI is expected to completely change productivity, further fueling investors' enthusiasm.
Taiwan Semiconductor's financial report is highly anticipated. HSBC's research report predicts that TSMC's performance will continue to stay at the high end of expectations. HSBC Bank also stated...

Stocks in the A-share and Hong Kong stock markets in the semiconductor sector surged, with semiconductor manufacturing international corporation's A-shares hitting the 20cm daily limit in the afternoon, with a turnover of 23.8 billion yuan. Stocks such as hg semi, Cambricon Technologies, Unisplendour Corporation, Camtek, Long-Time Technology, and Hubei Dinglong reached historical highs. In the Hong Kong stock market, the semiconductor sector continued to rise in the afternoon, with hg semi up over 30%, semiconductor manufacturing international corporation up over 10%, while Solomon Systech, Hua Hong Semiconductor, and others followed the uptrend.