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on friday eastern time, the u.s. september non-farm payrolls exceeded expectations, and the market reduced bets on the federal reserve's interest rate cuts. the three major u.s. stock indexes opened higher and moved lower. as of press time, the dow fell 0.06%, the nasdaq rose 0.33%, and the s&p 500 rose 0.14. %.

popular chinese concept stocks continued to strengthen. the nasdaq china golden dragon index rose by more than 2%, ctrip rose by more than 6%, jd.com rose by more than 4%, and alibaba rose by more than 1%.

spirit airlines plunged, falling more than 35% at one point in early trading, after reports that the company was discussing the terms of a potential bankruptcy filing with bondholders. rivian fell more than 4% after the company lowered its 2024 auto production forecast.

company news

[one of the people in charge of sora announced that he will switch to google deepmind]

openai's personnel turmoil continues. tim brooks, one of the co-leads of the company's video generator sora, recently announced that he has switched to deepmind, google's artificial intelligence research unit. he is the latest in a series of high-profile resignations from openai executives.

[the american longshoremen’s union reaches a preliminary agreement on wage issues]

the united longshoremen union reached a preliminary agreement on wages, and longshoremen union members returned to work on friday. the american longshoremen's union agreed to extend the main contract until january 15 and will continue negotiations on outstanding issues.

[xpeng motors: acquired an additional holding of approximately hk$639 million from jp morgan]

according to data disclosed by the hong kong stock exchange, xpeng motors acquired approximately 12.15 million shares from jp morgan on september 30 at an average price of hk$52.6312 per share, involving an investment of approximately hk$639 million. after increasing its holdings, jpmorgan chase recently held approximately 83.1 million shares, and its position ratio increased from 4.57% to 5.35%.

[eurostat: nearly 1/3 of eu high-tech product imports in 2023 will come from china]

eurostat released eu high-tech product import data for 2023. the eu imported high-tech products with a total value of 478 billion euros that year, a slight decrease from 2022. exports of high-tech products amounted to 461 billion euros. data show that in 2023, nearly one-third of the eu's high-tech product imports will come from china, accounting for 32%, with a total value of 155 billion euros. electronic telecommunications equipment accounts for the largest share of eu high-tech imports from non-eu countries, with china being the largest partner. in addition, computers and office equipment and pharmaceutical products each accounted for 15% of high-tech imports, mainly from china and the united states respectively.

[coinbase will remove non-compliant stablecoins in the eu in december]

the european union will fully implement new rules governing the crypto industry, known as mica, by the end of this year. coinbase will delist all unauthorized stablecoins from its cryptocurrency exchanges in the european economic area (eea) by the end of the year, which could be a heavy blow to tokens such as tether holdings’ usdt.