Wall Street Breakfast FM-Radio | September 30, 2025

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Huajian Morning Voice

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Market Overview

Supported by tech stocks, the three major U.S. indexes rose for two consecutive days to a weekly high; Nvidia rose over 2%; the chip index gained for a second day, Micron rose over 4%; EA rose 4.5% after announcing privatization agreement; Chinese concept stocks rebounded, China concept index closed up 2%, Alibaba rose over 4%.

U.S. bonds rose together, with 10-year U.S. Treasury yields declining for the first time in four days. The dollar index continued to fall away from a three-week high; Bitcoin rose nearly $4,000 intraday to break the 114,000 mark, Ether rebounded over 4% at one point.

Crude oil closed down over 3%, the largest drop in three months; U.S. oil fell over 4% intraday, Brent ended a four-day winning streak. U.S. government shutdown fears fueled safe-haven sentiment; gold rose for a third consecutive session, hit a record high, spot gold jumped nearly 2% intraday, topping $3,800 for the first time; silver hit a new high since 2011. London copper rebounded over 2% to a yearly high, NY copper closed up 2.5%.

During the Asian trading session, A-shares and Hong Kong stocks surged in the afternoon, the Growth Enterprise Market Index rose over 2%, bull market leaders soared together, Hang Seng TECH Index rose 2%, tech and internet stocks gained broadly, while coal and coke dropped sharply.

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Key News

CPC Central Political Bureau held a meeting to discuss documents to submit to the Fourth Plenary Session of the 20th Central Committee.

National Development and Reform Commission: Scale of new policy financial tools totals 500 billion yuan, all to supplement project capital and support private enterprises’ deep participation in “AI+” initiatives.

State Administration of Taxation: Platform companies must not in any form shift their tax obligations to platform workers; according to new internet platform tax information reporting regulations, food delivery and courier workers with annual income below 120,000 yuan basically do not need to pay tax.

To reduce Trump's 39% tariff, Switzerland is reportedly proposing investment in U.S. refining industry. Trade war reaches cultural battle: Trumpthreatens 100% tariffs on overseas film production, Hollywood stunned.

U.S. Bureau of Labor Statistics: If a government shutdown occurs, all operations will be suspended and no economic data will be released during this period.

After record-breaking rally, U.S.gold reserves value reached $1 trillion.

Trump claims Israel agrees to end Gaza conflict with "20-point plan", shekel surged nearly 2% intraday, Hamas officials say they haven't received the plan; Qatar says it received apology from Israeli PM, pledge not to launch similar attacks on Qatar again.

Russialaunched large-scale attacks on Ukraine; U.S. is considering providing “Tomahawk” missiles to Ukraine.

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