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on september 26, local time, the three major u.s. stock indexes rose across the board, with apple, nvidia, google-a, etc. rising slightly, and amd falling more than 12%, triggering circuit breakers multiple times during the session. european stock markets rose across the board, with the french cac40 index rising by more than 2% and the german dax index rising by more than 1%.

chinese assets strengthened across the board. the offshore rmb surged nearly 600 points, rising above the 6.98 mark. the nasdaq china golden dragon index surged nearly 11%.fangduoduo rose nearly 110%, gaotu group, tal, and beike all rose more than 20%, and bilibili, jd.com, new oriental, alibaba, and new oriental all rose more than 10%. spot gold hit a new all-time high, with a maximum of $2,685.579 per ounce. international oil prices continued to decline, with ice brent oil falling nearly 3%.

the yuan rose nearly 600 points

wind data shows that on september 26, local time, the u.s. dollar index fell 0.36% to 100.5576, the euro rose 0.40% to 1.1177 against the u.s. dollar, the pound rose 0.68% to 1.3415 against the u.s. dollar, and the u.s. dollar rose 0.01% to 144.8155 against the japanese yen. ; the offshore rmb rose 595 basis points against the u.s. dollar to 6.9732, rising above the 6.98 mark and hitting a new high since may 2023.

chinese concept stocks surge

popular chinese concept stocks surged across the board, with the nasdaq china golden dragon index rising 10.85%, the largest single-day increase since 2022. alibaba, pinduoduo, and jd.com all rose by more than 10%, fangduoduo rose by nearly 110%, gaotu group rose by more than 27%, tal rose by more than 23%, beike rose by more than 20%, and xpeng motors rose by more than 10%. ideal automobile stocks rose more than 6%, and nio rose more than 2%.

in addition, ftse china a50 index futures rose more than 2%, hitting a new high in more than a year. since this week, ftse china a50 index futures have risen by more than 16%.

chinese assets have surged across the board, and clocktower group said that from a cyclical perspective, now is the time to buy chinese risk assets. the introduction of china's favorable policies and the federal reserve's interest rate cuts may bring about a wave of global resonance, which will be positive for the performance of commodities and emerging markets and negative for the us dollar.

chinese assets have attracted global market attention. on september 26, local time, hedge fund legend david tepper was asked on a show what chinese assets he bought and said: "i buy everything. i will buy etfs and futures. i will buy everything."

european and american stock markets rose across the board

on september 26, local time, european stock markets rose across the board. as of the close, the british ftse 100 index rose by 0.20%, the french cac40 index rose by 2.33%, the german dax index rose by 1.69%, the italian mib index rose by 1.68%, and the european stoxx50 index rose by 2.35%. %.

all three major u.s. stock indexes rose. as of the close, the dow jones industrial index, nasdaq index, and s&p 500 index rose by 0.62%, 0.60%, and 0.40% respectively. the s&p 500 index hit a record high.

large technology stocks had mixed gains and losses, with apple, google-a, and nvidia all rising slightly, tesla and netflix all falling by more than 1%, and meta, microsoft, and amazon all falling slightly.

bank stocks were mixed, with wells fargo rising more than 5%, citigroup and morgan stanley both rising more than 2%, goldman sachs group rising more than 1%, bank of america rising slightly, and jpmorgan chase falling slightly.

chip stocks generally rose. micron technology rose more than 14%, microchip technology rose more than 5%, asml rose more than 4%, globalfoundries and amd both rose more than 3%, qualcomm and tsmc both rose more than 2%, intel , broadcom both rose more than 1%.

super micro computer fell more than 12%, with its latest market value at us$23.6 billion. it fluctuated sharply during the session, falling more than 18% at one point and triggering circuit breakers multiple times. according to news, amd is facing an investigation by the u.s. department of justice due to accounting irregularities, and the investigation is currently in its preliminary stages.

on september 26, local time, the u.s. bureau of economic analysis released a report showing that the final annualized quarter-on-quarter real gdp of the united states in the second quarter was 3%, slightly higher than the expected 2.9%. in the first quarter, u.s. real gdp grew by 1.6%. in terms of inflation, the final annualized quarter-on-quarter value of the u.s. pce price index in the second quarter was 2.5%, the same as previously estimated.

on september 26, local time, the u.s. department of labor reported that the number of initial jobless claims in the united states fell to 218,000 last week, a four-month low.

the latest data released temporarily eased market concerns about the u.s. economy.

gold prices hit record high again

oil prices plummet

in the commodity market, spot gold rose 0.57% and once rose more than 1% during the session, hitting a record high, with a maximum of $2,685.579 per ounce. comex gold futures rose 0.39% to $2,695.1 per ounce.

international oil prices fell across the board, with u.s. oil falling more than 3% to us$67.46/barrel, and ice brent oil falling nearly 3% to us$70.87/barrel.

for gold, john reade, senior market strategist at the world gold council, said that as geopolitical tensions intensify, gold prices will hit new highs repeatedly in 2024. in addition, falling interest rates have also pushed up gold prices, central banks have increased foreign exchange reserves, and investors have poured into the gold market. however, these are short-term factors, and gold prices may only be 2% to 3% higher than the u.s. inflation rate over the next 10 to 20 years.

for crude oil, citi said it expects brent crude oil prices to average us$74/barrel in the fourth quarter. the bearish sentiment on overall fundamental supply and demand will dominate over time, with brent crude oil prices reaching us$60 in 2025. /bucket.