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10/2
17:10
According to Bloomberg data, Hong Kong's IPO market is losing momentum, with 7 out of 12 IPOs in September falling on their first day, bringing the total number of first-day drops in Q3 to 15 out of 31 IPOs. Among them, Medcaptain Medical Technology plunged 43% on its debut, and fast-fashion giant Shein's stock price also fell by 10% at one point. In contrast, only 14 out of 77 IPOs in the first half of the year experienced first-day declines.
17:07
French President Emmanuel Macron called on the Group of Seven (G7) on October 2 local time to coordinate actions to avoid implementing export restrictions and jointly curb rising fuel prices. He proposed a plan for European countries to release 50 million barrels of diesel and International Energy Agency members to release 50 million barrels of crude oil. Following the news, international crude oil prices fell sharply, with WTI crude dropping 3.0% to $89.96/barrel and Brent crude falling below $100/barrel to $99.95/barrel. Market risk appetite clearly rebounded, with the Euro Stoxx 50, France's CAC 40, and Germany's DAX indices all extending gains to over 1%, and US stock index futures also rising. US Treasury Secretary Scott Bessent stated that the United States has fulfilled its obligation to release 172 million barrels of crude oil and looks forward to allies translating commitments into action.
17:06
★★★★★Previous 0.4%Forecast 0.5%Actual 0.6% Above forecast↑
17:06
★★★★★Previous 103.69PointsForecast 104.1PointsActual 104.3Points Above forecast↑
17:03
The US Securities and Exchange Commission (SEC) proposed a custody framework on Oct. 1, allowing investment advisers and regulated funds to hold crypto under specific rules. This is the latest of nine agency actions since Aug. 18, spanning most of an asset's life from fundraising to safekeeping. These actions include the SEC's Regulation Crypto Assets proposal, FAQs, a transfer-agent proposal, and the CFTC's Innovation Exemption, no-action position, and updated FAQs. The CFTC also registered Coinbase Clearing LLC for derivatives clearing. Citi raised its 12-month Bitcoin forecast to $113,000 from $82,000, citing ETF inflows and growing adviser and brokerage allocations, with Bitcoin trading near $84,600.
17:02
★★★★★Previous 2.4%Forecast 2.5%Actual 2.5% In line with forecast
17:02
★★★★★Previous 3.2%Forecast 3.6%Actual 3.8% Above forecast↑
17:02
Eurozone's annual inflation rate accelerated to 3.8% in September, up from 3.2% in August and surpassing the 3.6% consensus forecast, according to Eurostat. Core inflation also saw a slight increase to 2.5% from 2.4%, matching expectations. The hotter-than-expected headline reading strengthens the case for the European Central Bank (ECB) to maintain a restrictive policy stance.
17:02
Strategy Executive Chairman Michael Saylor stated that the company expects Bitcoin to appreciate by around 20%-30% annually over the long term. He noted that even with STRC paying a 12% annual dividend, the cost remains manageable under his assumptions. Saylor described STRC as a credit instrument, not a product requiring investors to take on Bitcoin’s full volatility. The credit foundation behind STRC comes from Strategy’s large Bitcoin holdings, aiming to convert part of Bitcoin’s value into a relatively stable income-generating instrument, WuBlockchain reported.
16:55
The United States has delivered two F-16V Block 70 fighter jets to Taiwan, part of an $8 billion deal for 66 F-16Vs approved during former President Donald Trump’s first term. The aircraft landed on Friday, following months of delay. The delivery comes amid growing concern in Taiwan about the Trump administration’s commitment to arming Taipei, as the island seeks to build its defense capabilities against a feared attack by China. Taiwan's Minister of National Defence Wellington Koo stated that more F-16Vs would be delivered by the end of the year. The jets, upgraded in 2023, feature advanced avionics, weapons, and radar systems to counter the Chinese air force.
16:38
★★★★★Previous 3.1%Forecast --Actual 3.3%
16:38
U.S. equity futures and European stocks rose, while Treasury yields stabilized, boosting market sentiment ahead of key employment data. The U.S. September non-farm payrolls report is due later on Friday and will influence market expectations for the Federal Reserve's October interest rate meeting. A stronger-than-expected report could reinforce the narrative of an overheating U.S. economy and potentially increase the likelihood of a Fed rate hike.
16:34
Tether’s USDT stablecoin is set to return to the Bitcoin network this month through its backed infrastructure project Utexo. The world’s largest stablecoin, with a market cap of nearly $190 billion, first debuted on Bitcoin in 2014 before moving to Ethereum and Tron. Utexo, which raised $7.5 million earlier this year, plans to support private USDT transfers, direct swaps between native Bitcoin and USDT, and loans backed by Bitcoin, while keeping most transaction data off Bitcoin’s public ledger.
16:32
U.Today analysis indicates that Bitcoin (BTC) is trading around $86,000-$86,300, with several concentrated resistance zones to overcome before reaching $90,000. Key levels to watch are $86,900, $87,700, and $88,000, according to perpetual futures order data. The daily chart remains structurally bullish, with the price above major moving averages and the daily RSI in a neutral range.
16:23
Al Jazeera reported that Russia has launched its largest combined attack on Ukraine's energy infrastructure since the end of the last heating season, striking a thermal power plant in the Kyiv region on September 30, causing power outages and killing at least five people nationwide. Russia also tested a new drone specifically designed to destroy high-voltage pylons and targeted data centers in September, aiming to disrupt connectivity and digital commerce. Ukrainian President Zelenskyy warned that Russia intends to heavily target Ukraine's energy sector this winter.
16:18
Bitcoin briefly topped $86,885 on Friday before easing to around $86,000, up about 1.5% on the day and roughly 3% in October. Traders are awaiting the U.S. September jobs report, which is expected to show nonfarm payrolls increased by 90,000, with the unemployment rate holding at 4.1%. The cryptocurrency's advance comes despite a surge in U.S. 10-year Treasury yields to a multi-decade high of 5.34% and the U.S. Dollar Index (DXY) reaching an 18-month high above 102. Meanwhile, concerns over France's public finances have pushed the euro to $1.12, its lowest since May 2025, with the gap between French and German 10-year bond yields widening to a 14-year high.
16:17
The US urged Europe to immediately release diesel reserves as the Iran war pushed oil prices to record levels. US Treasury Secretary Scott Bessent said on Thursday that European partners should accelerate existing commitments and immediately provide additional supplies to address ongoing market disruptions. This comes as US President Donald Trump is considering whether to implement a diesel export ban to control high energy prices. EU countries are scheduled to hold crisis talks on Friday to coordinate their response to soaring diesel prices. Data from the International Energy Agency shows that the US supplies about half of the EU's diesel imports, highlighting Europe's vulnerability to a potential US export ban. The average US diesel price surged to a record high of $6.50 per gallon late last month, mainly due to supply disruptions caused by the Iran war and Russia's invasion of Ukraine. Oil exports through the Strait of Hormuz have returned to pre-war levels this week.
16:04
The podcast features David Kang, former group treasurer at Qatar Airways, who shares firsthand experience on managing this significant expense. Fuel prices are highly volatile, exacerbated by two major wars impacting energy infrastructure, making hedging strategies like swaps and options crucial for airlines.
16:00
SK Group Chairman Chey Tae-won plans to sell 944 billion won ($701 million) worth of shares in the holding company SK Inc. to fund a property division payment to his former wife Roh Soh-yeong, as ordered by a court. The sale involves 1,653,924 shares, representing a 2.3% stake. SK Inc. stated in a regulatory filing on Friday that 544 billion won worth of shares will be sold to a strategic investor.

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