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9/28
17:53
Hong Kong's HKTDC raises annual export growth forecast to 42%-47% amid strong AI demand
The Hong Kong Trade Development Council (HKTDC) on Monday substantially raised its annual forecast for export growth to between 42 percent and 47 percent, up from its June forecast of 20 percent. This revision is attributed to stronger-than-expected global demand for artificial intelligence-related technologies. Exports of electronics, which account for approximately 80 percent of the city's total, rose by 52.8 percent in the first eight months of this year. The council also cited improved China-US relations as a factor reducing tariff escalation risks.
17:53
Huawei's Harmony Intelligent Mobility Alliance (HIMA) launched three new vehicles: Luxeed RX is available starting from 259,800 yuan, and Stelato V8 is open for pre-orders starting from 329,800 yuan.
Huawei's Harmony Intelligent Mobility Alliance (HIMA) launched three new car models on September 28. The Luxeed RX officially hit the market, priced between 259,800 and 389,800 yuan. The updated Luxeed R7 is priced from 239,800 to 319,800 yuan, with a 500 million yuan investment in this upgrade. Pre-sales for the Luxeed V8 have begun, starting at 329,800 yuan. This seven-seater model is available in both pure electric and extended-range versions.
17:53
Huawei's Richard Yu responded to the adjustment in the AITO collaboration model: Seres will take the lead, and Huawei's resources will focus on the other four brands.
Richard Yu, Huawei's Executive Director and CEO of the Consumer Business Group, stated on September 28 that AITO, as the first brand to partner with Harmony Intelligent Mobility Alliance, will be primarily operated by Seres in the future, with Huawei continuing to empower it. He explained that Seres has made significant progress and proactively proposed to take the lead. Concurrently, Huawei's team has been operating at an overload capacity for the past few years, and will now concentrate more R&D, quality, and testing resources on the other four brands—Luxeed, Stelato, Pinji, and Maextro—to refine product details and user experience. This move aims to alleviate Huawei's burden of deep involvement in each brand individually and to arrange division of labor according to each brand's growth stage.
17:52
JPMorgan's Matejka Says Tech Stocks Look Ripe for Re-Engagement
JPMorgan Chase & Co. strategists believe the sector is poised to regain momentum, citing reduced crowding, strong earnings, and more realistic valuations.
17:47
Jefferies Report: Improved Performance of Small Models May Divert Cloud Computing Demand, Putting Trillions in Data Center CAPEX to the Test
The report indicates that as small language models improve in performance and decrease in cost, enterprise AI deployments may shift from centralized cloud to localized solutions. This could put pressure on the estimated $990 billion in combined cloud computing demand and data center capital expenditure projected for tech giants like Meta, Google, Amazon, and Microsoft by 2027. Recently, AI server utilization has been observed to drop by 26%, and Meta is actively seeking external clients to utilize its computing power, reflecting that utilization has become a new issue amid the rapid expansion of infrastructure supply.
17:39
PB Fintech's Stock Plunges $3.3 Billion on Regulatory Proposal, Fueling Leveraged Bets
Shares of Temasek-backed PB Fintech Ltd. plummeted on Thursday, wiping out $3.3 billion in market value, after India's insurance regulator proposed capping commissions and operating expenses, prompting traders to pile into leveraged bets.
17:38
Bitcoin Futures Open Interest Nears Yearly Lows at 652K BTC, Bears Pay to Short Amid Negative Funding Rates
The capital that's still in the market appears skewed toward bearish positions, with perpetual funding rates averaging minus 0.3% across major exchanges, indicating short sellers are aggressively paying to keep their bets open. This follows a 2% bitcoin price drop to $82,800 after President Donald Trump declined to rule out further strikes on Iran. Gold is also down 3% over the past 24 hours, trading around $4,150 an ounce, while the DXY index has climbed above 101, and U.S. 10-year Treasury yields are above 5.2%.
17:36
QNT (Quant) fell 20.46% in one hour, now trading at $206.640.
17:36
U.S. Pressure Is Awakening an Energy Giant in Canada
America’s trade hostility and the war in the Middle East could fuel a renaissance in Canada's energy sector, according to WSJ Markets.
17:33
CC (Canton) surged 9.31% in 4 hours, now trading at $0.1462.
17:29
CC (Canton) surged 6% in 4 hours, now trading at $0.14337.
17:23
Kremlin: Ukraine will have to pay the price for its actions in recent months, and this is what is happening now
17:17
Crypto Scammers Forge Upbit-Backed GIWA Blockchain, Steal Over $2 Million
Scammers created a fake version of the GIWA blockchain, tricking 1,333 wallets into depositing 767 Ethereum (worth approximately $2 million), which was then almost entirely stolen. The fake network impersonated GIWA's anticipated Ethereum Layer 2 mainnet and even used Chain ID 9134, which is associated with the planned launch. On-chain data shows that the attackers began preparations on September 26 and, after users deposited funds, changed the cross-chain bridge code, stealing 766 ETH in a single transaction. The DYORSWAP project has offered 40% compensation to victims who deposited less than 5 ETH, while claims involving larger amounts require individual verification. The GIWA blockchain was developed by Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange.
17:16
Brent crude oil surpassed $100/barrel, rising over 2.5% intraday; spot gold fell below $4150/ounce, and spot silver dropped 5.01%.
High oil prices combined with strengthening U.S. economic activity are reinforcing market expectations that the Federal Reserve will maintain high interest rates or even continue to raise them, putting pressure on the precious metals market. Market pricing currently indicates a 65% to 70% probability of another Fed rate hike in October.
17:15
Yen strengthens after Japan's "currency czar" warns against weakness.
17:15
India's Reliance Group Plans Up To $1 Billion Securitization Deal, Potentially One of India's Largest This Year
17:11
Bitcoin Rally Wobbles as Macro Risks Overshadow ETF Demand
Bitcoin continued to lose momentum on Monday, cooling after a blistering rally in recent weeks, as a fresh bout of macro uncertainty weighed on risk assets.
17:06
Hong Kong banking industry further extends loan repayment grace period for individuals affected by Tai Po Fire
The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) announced today (September 28) a further extension of credit support measures. This decision was made in recognition that some affected residents may need more time to complete their housing and financial arrangements, following close communication with the banking industry regarding the needs of those impacted by the Tai Po fire.
17:06
Hong Kong Monetary Authority warns public of bank-related fraudulent websites, phishing emails, and scams
The Hong Kong Monetary Authority (HKMA) has alerted the public to fraudulent websites, internet banking login screens, phishing emails, or other scams related to banks. The HKMA reminds that banks will not send SMS or emails with embedded hyperlinks directing users to carry out transactions, nor will they ask for sensitive information like login passwords or One-Time Passwords via phone, email, or SMS. Individuals who have provided personal information or conducted financial transactions in response to these scams should contact their bank and report the matter to the Hong Kong Police Force's Crime Wing Information Centre at 2860 5012.
17:05
Israel imposes a week-long closure on the West Bank, further restricting Palestinian movement.
Israeli Defense Minister Yoav Gallant on Sunday ordered a closure of the West Bank, shutting all crossing points and tightening restrictions on Palestinian movement, citing the Jewish holiday of Sukkot. The closure, which will last until Saturday, further cuts off Palestinians' access to holy sites such as the Al-Aqsa Mosque. Since the outbreak of the Gaza war in October 2023, Israel has significantly reduced the entry of Palestinian workers holding work permits.
17:03
China's MSS Warns Cryptocurrencies Are "Accomplices" in Espionage and Crime, Transactions Not Anonymous
The Ministry of State Security (MSS) stated that overseas intelligence agencies exploit the perceived anonymity of crypto to recruit spies, and that "overseas anti-China hostile forces" use crypto to disrupt financial order and harm national security. It reiterated that crypto businesses remain illegal in China.
17:03
QNT (Quant) fell 15.27% in one hour, now trading at $229.280.
17:02
Nvidia releases Open Agent Safety Platform to prevent AI agents from misbehaving, citing OpenAI's HuggingFace incident
Nvidia announced on Monday the launch of its new software platform, Open Agent Safety Platform, designed to help AI developers set safeguards for agents and prevent them from escaping containment. The company stated that this platform could have prevented the OpenAI HuggingFace incident in July, where OpenAI models breached Hugging Face's open-source developer platform. The release follows recent incidents disclosed by companies including OpenAI, Anthropic, Meta, and Google, where their AI models escaped sandboxes and attempted to hack other companies' computer systems.
16:53
QNT (Quant) fell 11.46% in one hour, now trading at $240.130.
16:51
HBAR (Hedera) surged 13.73% in one hour, now trading at $0.11023.
16:45
Wu Blockchain: 2,042.28 BTC, worth approximately $169 million, from Bitget's Protection Fund have been transferred to a hot wallet.
Wu Blockchain, citing a report from @ai_9684xtpa, stated that 2,042.28 Bitcoin (worth approximately $169 million) from Bitget's 5,500 BTC protection fund have been transferred to a hot wallet, while another 3,457.72 Bitcoin remain on-chain. The report noted that these transfers were made in advance and should not be interpreted as actual user withdrawals.
16:45
Iranian children return to school, while schools in southern provinces will remain online due to war threats.
According to Al Jazeera, Iranian children returned to school last week under the shadow of the ongoing US-Israel war against Iran. However, schools and universities in southern Iranian provinces, including Minab, will remain online for two weeks before the start of the academic year, in response to the potential threat of renewed US bombings. The war has resulted in the deaths of 120 children in an attack on a primary school in Minab and has directly or indirectly damaged 1,288 schools. Iran's Ministry of Education has strengthened its online learning infrastructure and plans to introduce a "Bell of Sacrifice and Martyrdom" into the curriculum to commemorate the war's impact.
16:44
Qatar extends LNG force majeure for Asia and Europe by one month due to ongoing Strait of Hormuz disruption.
16:42
U.S. equity futures fell, and the sell-off in U.S. Treasuries intensified, with the 10-year Treasury yield rising to 5.214%, a multi-year high.
U.S. equity futures fell sharply in early European trading, while the sell-off in U.S. Treasuries intensified. Market sentiment was pressured by key inflation and employment data due to be released this week. A fresh surge in oil prices on Monday exacerbated inflation concerns, reinforcing expectations that the Federal Reserve will further tighten policy, pushing Treasury yields to multi-year highs. Specifically, the 10-year Treasury yield rose 4.9 basis points to 5.214%, the 30-year Treasury yield increased 2.2 basis points to 5.518%, and the 2-year Treasury yield also climbed to around 4.920%. The market currently anticipates a more than 70% probability of the Federal Reserve raising interest rates by 25 basis points next month.
16:40
Erratic Monsoon Rain Threatens India Crop Outlook, Official Says
India's Farm Secretary Atish Chandra stated that monsoon-sown crops are likely to have been affected by rainfall deficits in some areas and excessive precipitation in others. He added that water shortfalls would pose a challenge for winter sowing in areas that have experienced prolonged rainfall deficits.

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