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9/29
16:07
Derek Grossman, a professor at the University of Southern California, commented that while Washington made no public concession to China during the summit, its commitment to deterring aggression against Taiwan remains unproven.
16:06
European equities broadly rose after investors pared back bets on European Central Bank interest rate hikes. Julius Baer Group Ltd. shares surged after Swiss regulators concluded their enforcement actions against the bank.
16:01
U.S. Treasury yields dipped early Tuesday amid persistent concerns over inflationary pressures. The 10-year U.S. Treasury note yield fell about 1 basis point to 5.2278%, while the 30-year Treasury bond yield was also lower by 1 basis point at 5.466%. This follows a rally in yields during the previous session, with the 10-year and 30-year yields jumping 5 basis points on Monday. Traders are now pricing in a more than 72% chance of another Fed rate hike at its next meeting in October.
16:01
Christian Stracke, president of the US-based asset manager Pimco, which oversaw over US$2 trillion in assets by the end of June, stated that sentiment towards China has “flipped 180 degrees.” He noted that clients, particularly those outside the US, are seeking to reduce concentrations in US dollar and equity assets due to years of strong gains in the American market, making Chinese offshore bonds an attractive option for portfolio diversification.
15:59
Ace Designers Ltd., an Indian industrial machinery manufacturer, has reportedly begun discussions with investment banks regarding a potential initial public offering (IPO) in Mumbai, which could raise up to $400 million, according to sources familiar with the matter.
15:56
Newly updated Google Maps satellite imagery reveals the extensive destruction across the Gaza Strip, nearly three years into the conflict. A recent assessment by the United Nations Satellite Centre (UNOSAT) indicates that 82% of Gaza's structures, approximately 200,000 buildings, have been damaged, with about two-thirds of those completely destroyed. The number of destroyed structures has increased by 9% since a ceasefire took effect nearly a year ago. Since the war began on October 7, 2023, more than 74,000 Palestinians have been killed and over 175,000 injured.
15:56
Palestinian sources and Israeli officials stated that an Israeli airstrike killed Izz al-Din al-Baq, the head of Hamas's armed wing in northern Gaza, in an apartment building in the Nasser neighborhood of Gaza City. Israeli Prime Minister Netanyahu and Defense Minister Israel Katz have issued a joint statement on platform X confirming the incident.
15:53
According to Xinhua News Agency, former US President Donald Trump confirmed on September 28 that US and Iranian negotiators have exchanged messages through mediators. On the same day, Trump denied previous reports that he was willing to lift sanctions on Iran and unfreeze funds in exchange for progress on the nuclear issue. According to CCTV International News citing Iran's Mehr News Agency on September 29, Iranian Foreign Minister Araghchi confirmed that a "7-day plan" had been conveyed to the United States via Qatar, and they are awaiting an official response from the US side. Trump had stated on September 27 that he expected US-Iran negotiations to resume within the next week. Oil prices rose for a second consecutive trading day due to Middle East supply concerns, with Brent crude futures briefly returning above $100.
15:50
Lux Capital, an investor in Anduril Industries Inc. and Hadrian Automation Inc., is reportedly in discussions to become a lead investor in a roughly €200 million ($227 million) funding round for Dutch defense startup Onodrim. The deal would value Onodrim at over $1 billion, granting it unicorn status.
15:35
According to SoSoValue, US Bitcoin spot ETFs saw a total net inflow of $31.07 million yesterday (September 28, Eastern Time), marking 8 consecutive trading days of net inflows. Meanwhile, Ethereum spot ETFs recorded a total net inflow of $17.10 million yesterday, marking their 7th consecutive day of net inflows.
15:32
OpenAI has officially set safety redlines for frontier AI training, mandating that systematic safety argumentation documents must be completed before initiating or continuing any frontier reinforcement learning training. The guidelines stipulate that if priority safety alerts are not responded to in a timely manner during training, the relevant training tasks must automatically pause. Each senior leadership member responsible for reviewing safety argumentation possesses veto power to halt training operations. Furthermore, investigation conclusions, post-mortem reports, and operational improvement measures for severe AI misalignment incidents must be publicly disclosed. This move signifies OpenAI's introduction of a more structured safety control mechanism, and also implies a potential increase in the training cycle and compliance costs for frontier models.
15:16
A senior Chinese diplomat stated that China-Japan relations have deteriorated to a multi-decade low and pressured Japanese Prime Minister Sanae Takaichi to revise her remarks concerning Taiwan. Bloomberg reported that this move aims to normalize relations between the two countries.
14:57
The Monetary Authority of Singapore (MAS) announced today the appointment of the third batch of five asset management companies under the Equity Market Development Programme (EQDP). MAS also committed S$20 million from the Financial Sector Development Fund (FSDF) to establish a new Grant for Equity Market Making (GEMS) to support market-making activities for Singapore Exchange-listed equities until December 31, 2028.
14:55
UBS analyst Simon Penn noted in a Monday morning report that while the market is currently pricing in about a 69% probability of a rate hike at the October 28 meeting, this expectation significantly overestimates the likelihood of the Federal Reserve taking action before the midterm elections. Historical data shows that since 1990, the Federal Reserve has never raised rates at its October meeting close to the November general election. Penn advises traders to downplay October rate hike expectations and reduce the cumulative rate hike pricing for the next year from the current 91 basis points to 75 basis points. Meanwhile, UBS US equity strategist Keith Parker believes that the sharp rise in Treasury yields has significantly suppressed equity valuations, but a pullback in yields also implies substantial room for a market rebound.
14:53
At the SuperReturn Asia Conference, Mr Chee Hong Tat, Minister for National Development, and Deputy Chairman of the Monetary Authority of Singapore (MAS), spoke about enhancing Singapore’s attractiveness as an asset management hub, strengthening Singapore’s growth capital ecosystem, and deepening Singapore’s equities market.
14:37
Aliko Dangote, Africa’s richest man, is racing to attract 10 million investors to his refinery’s initial public offering (IPO), with a marketing blitz across Nigeria. The offer for Dangote Petroleum Refinery and Petrochemicals FZE’s shares will close on October 13, aiming to raise $1.6 billion, mostly from retail investors across the continent. Proceeds are earmarked to help double the refinery’s capacity to 1.4 million barrels of crude a day by Q1 2029.
14:36
Veteran commodities trader Peter Brandt stated that Stellar (XLM) could be a good choice for a "long-term bet" in the coming years. This remark comes as the price of XLM has risen by nearly 7% in the past 24 hours, now trading at approximately $0.2233. The Stellar ecosystem has also seen recent developments, including stablecoin infrastructure provider BVNK integrating Stellar into its payment platform, and Stellar adding USDT0 stablecoin.
14:30
U.S. government bond yields rose in Asian trading on Tuesday, but remained slightly below the multi-year highs set on Monday, the Wall Street Journal reported. The rise in yields was mainly driven by the standoff between the U.S. and Iran over the terms for reopening the Strait of Hormuz, despite an increasing number of oil tankers passing through the waterway.
14:29
Ethlabs states that while CCIP 2.0 can reduce Ethereum confirmation wait times to seconds, achieving these faster transfers requires opt-in settings. Ethereum’s full-finality guarantees and CCIP’s default wait times remain unchanged.
14:28
According to Sina Tech, ByteDance's Doubao is accelerating the launch of personal assistant products, planning to deeply integrate its internal exploratory project codenamed "Spell" with existing Doubao products, with an expected rapid external release. The project is led by the Doubao Mobile Assistant team and began internal testing in April this year, aiming to benchmark against overseas personal assistant products such as Meta's Muse and OpenAI's "o". Meanwhile, Doubao officially released "Doubao Work," an Agent product for enterprise office scenarios, on August 25. It can autonomously break down tasks, invoke tools, handle complex workflows, and supports various content generation and editing. The PC version is now available for download with a 30-day free subscription. This move signifies Doubao's expansion from the enterprise sector to the broader consumer personal assistant market, attempting to establish more comprehensive product coverage in the AI assistant race.
14:15
Upbit, a South Korean exchange, announced that it will suspend deposits and withdrawals of Base network-based digital assets starting from 18:00 KST on September 30, 2026, due to a hard fork on the Base network, until network stability is confirmed. The affected digital assets include AERO, AVNT, BRETT, and several other projects, as well as deposits and withdrawals of Base network NFTs. The announcement emphasized that trading of these digital assets will not be affected.
14:09
Financial authorities on Tuesday stated that a network of Seoul National University alumni working in finance allegedly used confidential deal information to make over 20 billion won ($14.7 million) in illicit trading profits. The suspects, graduates of South Korea’s most prestigious university, reportedly shared information through connections formed at an SNU investment club and a global consulting firm. Investigators indicated the network extended to relatives and friends, with approximately 10 people involved in the trading.

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