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on the news

1. the interest rate of existing mortgage loans remains unchanged! after the federal reserve cut interest rates by 50 basis points and the russian central bank took the lead in raising interest rates, the market ushered in a wave of increases. but what surprised me was that the lpr quotation announced by the central bank in september remained unchanged, and the 1-year and 5-year interest rates remained the same.

in other words, our central bank chose not to follow suit and cut interest rates this time, which means that everyone's existing mortgage interest rates will continue to stagnate. although the loan interest rate did not change in september, the market generally expects that there will still be a chance for a rate cut in the fourth quarter. after all, the fed's rate cut has given us the conditions to cut the reserve requirement ratio and interest rates, so we can only wait.

2. the stock price of "china's magic ship" opened high and ended low!

the positive news that the market had expected did not appear, and the share prices of china shipbuilding and china heavy industry fell by 9.04% and 6.39% respectively. originally, it was thought that it was just a mistake of the main capital, but now it seems that they may have foreseen all this.

3. the united states announced that it will significantly increase import tariffs on chinese products, which will take effect on september 27.