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last night, from the futures market to the stock market and the digital currency market, all major global financial markets surged, and chinese assets exploded.

global surge

on thursday, the three major u.s. stock indexes closed higher. as of the close, the nasdaq rose 2.51%, the s&p 500 rose 1.7%, and the dow jones rose 1.26%.

among them, the dow jones industrial average and the s&p 500 index hit record highs.

in terms of individual stocks, large technology stocks generally rose. tesla rose by more than 7%, hitting a new closing high since late july. nvidia, meta, and apple rose by more than 3%.

the three major european stock indices closed higher across the board.

germany's dax index rose 1.55% to 19002.38 points, france's cac40 index rose 2.29% to 7615.41 points, and britain's ftse 100 index rose 0.91% to 8328.72 points.

in addition, the digital currency market also surged.

china's asset explosion

chinese assets are experiencing an overall recovery.

in the u.s. stock market last night, popular chinese stocks generally rose, and the nasdaq china golden dragon index rose 4.15%.

futu holdings rose nearly 14%, xpeng motors rose more than 8%, nio rose more than 7%, jd.com and bilibili rose more than 6%.

domestic commodity futures closed mostly higher in the night session, with energy and chemical products rising across the board.

low-sulfur fuel oil rose 3.26%, fuel oil rose 2.22%, pta rose 2.05%, pulp rose 1.51%, glass rose 1.43%, and styrene rose 1.03%.

black series generally rose. iron ore rose by 3.24%, coke rose by 2.05%, hot-rolled coil rose by 1.96%, coking coal rose by 1.93%, and rebar rose by 1.76%.

in addition, yesterday, the shanghai composite index rose 0.69% to 2736.02 points, the shenzhen component index rose more than 1% to 8087.60 points, and many sectors rose more than 3% throughout the day. 19 secondary industries received net inflows of major funds. the hong kong stock market also saw a strong rebound.

from the foreign exchange market, stock market to futures market, all related products have significantly strengthened. analysts said that based on factors such as improved global liquidity, the federal reserve's unexpected interest rate cut and the historically low valuation of a-shares, the attractiveness of chinese assets has significantly increased.

galaxy securities believes that in the overseas market interest rate cut cycle, many industries in the domestic market will usher in investment opportunities. as the interest rate cut cycle begins, this round of global liquidity will improve, foreign capital will flow into the domestic market, and related sectors are expected to usher in an upward trend.

recently, the people's bank of china has repeatedly released signals about the next monetary policy, clearly stating that it will "adhere to a supportive monetary policy stance" and "start to launch some incremental policy measures." at the same time, as the federal reserve has pressed the "confirm button" on its interest rate cut, the start of the global interest rate cut trend has further broadened the autonomy of my country's monetary policy.

market expectations for a reserve requirement cut have increased. entering the fourth quarter, the central bank may introduce more incremental policies, and there is room and possibility for reserve requirement cuts, interest rate cuts, and adjustments to existing mortgage rates. the financial markets department of china everbright bank believes that the central bank is expected to flexibly carry out open market operations or introduce measures such as reserve requirement cuts, and the market funding situation is expected to remain generally stable.