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2023.10.02 00:02
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Breakfast | US stocks in September recorded the largest monthly decline this year, and the new Tesla Model Y officially launched in mainland China.

The S&P 500, Nasdaq, and Russell 2000 indexes all experienced their largest monthly decline in September. Apple has been revealed to have most of the elements needed to create its own search engine. Apple has acknowledged the overheating issue in the iPhone 15 series. The new Tesla Model Y has officially launched in mainland China, with prices starting at 263,900 yuan. Intel plans to build two chip factories in the United States, with an investment of over $20 billion. The lawyer for the owner of LV has called the money laundering accusations absurd and baseless.

Good morning! A wonderful day starts with making money.

Today, the Hong Kong stock market is closed for the National Day holiday.

Market: Overnight and this morning

Over the weekend, the US Congress passed a compromise bill to temporarily keep the government running. On Monday, US stock index futures rose, with the S&P 500 index up 0.4% and the Nasdaq 100 index up nearly 0.6%.

Last Friday, only the Nasdaq closed higher among the three major indices, with a gain of 0.14%. The major indices all declined in September and the third quarter. The benchmark 10-year US Treasury yield, known as the "anchor of global asset pricing," ended its eight-day streak of hitting new highs since 2007, with a cumulative increase of over 40 basis points in September.

In September, the S&P 500 index fell 4.87%, marking the largest monthly decline this year. The Nasdaq dropped 5.81%, also the largest monthly decline this year. The Nasdaq 100 fell 5.07%, experiencing its largest monthly decline this year after five consecutive months of gains. The Russell 2000 fell 6.03%, marking the largest monthly decline since December last year. The Dow Jones Industrial Average fell 3.5%, the largest monthly decline since February this year, for two consecutive months.

What happened to blue-chip stocks and hot stocks

Report: Apple can develop its own search engine

A report suggests that Apple can develop its own search engine and end its reliance on Google, as Apple already has most of the elements needed to create its own search engine.

NIO: Delivered 15,641 vehicles in September 2023, a YoY increase of 43.8%.

Li Auto: Delivered a total of 36,060 new vehicles in September, a YoY increase of 212.7%, reaching a new monthly delivery record.

XPeng: Delivered 15,310 vehicles in September, a MoM increase of 12%; total deliveries in the third quarter exceeded 40,000 vehicles.

Geely Auto: September sales reached 170,472 vehicles, a historical high.

Geely Auto's sales in September increased by approximately 12% MoM and approximately 31% YoY. Among them, Geely's new energy vehicle sales in September reached 53,692 vehicles, a historical high, accounting for over 31% of total sales. MoM, it increased by approximately 14%, and YoY, it increased by approximately 37%.

New Tesla Model Y officially launched

The new car is available in three models, with no price increase but added features such as ambient lighting and improved acceleration. The price range is from 263,900 yuan to 3,499,000 yuan.

Tesla's sales in France in September increased by 60% YoY

In September, Tesla accounted for 3.55% of the overall car market in France, selling 5,557 vehicles, a 60.5% increase compared to September 2022.

BYD Dolphin right-hand drive version launched in Thailand, with over a thousand orders on the first day

BYD Thailand and local partner Rêver Automotive held a launch event for the Dolphin right-hand drive version in Bangkok, Thailand. The event showcased three configurations: standard version, long-range version, and four-wheel drive performance version. Apple acknowledges overheating issues with iPhone 15 series

Apple has stated that it will fix these issues in an upcoming software update. The company also mentioned that the heating problem is not a safety risk and will not affect the long-term performance of the phone.

Intel plans to build two new state-of-the-art chip factories in Ohio, USA, with an investment of over $20 billion

Analysts point out that Intel's massive investment is related to the "Chip and Science Act" launched by the United States a year ago. Through this investment, the company can obtain semiconductor subsidies from the US government.

Lawyer responds to money laundering investigation against LV boss, LV boss's lawyer calls money laundering allegations absurd and unfounded

Bernard Arnault's lawyer, representing LVMH, stated that the financial transaction being investigated in France was conducted in full compliance with the law. The actions related to the expansion of the Courchevel White Horse Hotel are well-known, and the allegations are absurd and baseless.

Macro: Taking you around the world

White House: President signs short-term spending bill to avoid government shutdown

The US Senate has passed a short-term spending bill for 45 days with enough votes. The bill provides government funding for natural disaster assistance and avoids a government shutdown. Previously, the bill was passed by the US House of Representatives with 335 votes in favor and 91 votes against.

Analyst: Government shutdown has less impact on the stock market than expected

Adam Crisafulli, founder of Vital Knowledge, wrote, "In fact, the government shutdown does not create as much anxiety as imagined, so there should not be a sustained significant rebound just because the government shutdown is avoided."

Analyst: The threshold for the Fed to cut interest rates is high

Jersey stated that the Fed will remain patient with interest rate cuts because a slight economic downturn in the United States is not enough to panic the Fed and prompt an early rate cut. Only a significant increase in unemployment and/or deflation will lead to an early rate cut by the Fed.

Morgan Stanley: Risk of delayed release of US September CPI data

Morgan Stanley predicts that the release of the September Consumer Price Index (CPI) scheduled for October 12th may be "missing" or delayed, which may force the government to rely on alternative indices and bring significant uncertainty to traders.

CICC: Positive factors in the Hong Kong stock market are gradually accumulating

The current market is at a "policy bottom," and the bottom of sentiment seems to be within reach. Specific manifestations include the continued low turnover of the main board of the Hong Kong stock market, sustained low valuations, and the recent rise of the VIX index. Against this backdrop, the market may be more sensitive to the emergence of positive signals.

Joint Statement of the Third China-Germany High-Level Financial Dialogue: Opposing trade protectionism, jointly supporting the expansion of China-Europe International Exchange's business, strengthening communication and cooperation in the securities, futures, and derivatives markets

Both sides agreed to strengthen cooperation in the financial field and expand bilateral market access on the basis of fair competition. They are committed to jointly promoting the improvement of international economic governance, opposing trade protectionism, and supporting a multilateral trading system that is centered on the World Trade Organization, based on rules, non-discriminatory, fair, open, inclusive, just, sustainable, and transparent. Both China and Germany welcome and encourage eligible German entities to actively participate in the Chinese interbank market, including issuing panda bonds, investing in RMB bonds, using RMB bonds as collateral, and participating in the Chinese interbank foreign exchange market.

Both sides are willing to jointly support the expansion of the China-Europe International Exchange's business, including the listing of Chinese A-share stock index futures and options, and increase efforts to timely evaluate the necessary licenses. Both sides welcome the possibility of issuing and listing Global Depositary Receipts (GDRs) and Chinese Depositary Receipts (CDRs), and will increase support for more companies to issue GDRs and CDRs, continuously improving the level of connectivity between the Chinese and German capital markets.