Breakfast | The US government may shut down as early as this week, and Indian media reports that Apple plans to increase its production scale in India several times over.

Good morning! A wonderful day starts with making money.

Market: Overnight and this morning's market

US stock index futures opened slightly higher by 0.1%.

Last week, stock markets in Europe and the US fell across the board, with technology stocks experiencing a significant decline. The Nasdaq index dropped more than 3%, and the combined market value of seven major technology stocks, including Apple, Microsoft, Google, Amazon, NVIDIA, Tesla, and Meta, the parent company of Facebook, decreased by a total of $461.5 billion.

What happened to blue-chip stocks and hot stocks

China Evergrande: Unable to meet the qualifications for issuing new notes due to being under investigation

Huawei's Autumn Full-Scene New Product Launch will be held on September 25th at 14:30

At that time, there will be many new products, including Huawei Smart Screen V5 Pro flagship, Huawei MatePad Pro 13.2-inch flagship, and more. It is understood that the new Huawei MatePad Pro 13.2-inch will be equipped with Starry Flash technology, becoming the first tablet to feature this technology.

The Wall Street Journal: Meta plans to launch new AI chatbot characters to attract young users

Indian media: Apple plans to increase its production scale in India several times to $40 billion

Apple's production value in the country exceeded $7 billion in the previous fiscal year, with a target of $40 billion. Apple produces iPhones in India and plans to start producing AirPods next year. India hopes to expand its electronics industry to $300 billion by 2026.

Thai Prime Minister: Expected to receive at least $5 billion in investments from Tesla, Google, and Microsoft

Thai Prime Minister Prayuth Chan-o-cha stated that Tesla will study the establishment of electric vehicle production facilities, while Microsoft and Google will consider setting up data centers. He did not specify whether the $5 billion investment is a joint investment or separate investments by each company.

Guo Mingchi claims that Apple has added orders for iPhone 15 Pro Max, totaling 35 million units

Singapore's Geo Energy Resources secures $220 million loan from Indonesia's Bank Mandiri for coal trading

Singaporean coal producer Geo Energy Resources announced that it has obtained a $220 million term loan from Indonesia's Bank Mandiri. Part of the funds will be used to acquire a 58.65% stake in Golden Eagle, which is part of Indonesia's Rajawali Group. The loan will help Geo Energy increase the production capacity of PT Triaryani mine, a subsidiary of Golden Eagle, to reach 25 million tons per year.

IPO opportunities

Tuhu Auto priced at HK$28, conducting grey market trading today

Tuhu Auto's announcement on the Hong Kong Stock Exchange: It globally issued 42.4448 million shares for listing in Hong Kong, with a final issue price of HK$28.00, raising approximately HK$1.081 billion in net proceeds. Trading is expected to begin on September 26th on the Hong Kong Stock Exchange.

Macro: Taking You Around the World

US Government Faces Possible Shutdown as Early as This Week

The US federal government's fiscal year 2023 will end on the 30th of this month, and if there is no fiscal budget plan by then, the US government will face a "shutdown." Many analysts believe that the probability of a US government shutdown on October 1st is basically 100%.

US Semiconductor Stocks Become the Main Target of Sell-off

Investors weighing high valuations, rising US bond yields, and increasing industry concerns have made US semiconductor stocks the main target of a new wave of sell-offs in the US stock market. VandaTrack reported that funds flowing into the AI sector have continued to decline, and retail investors' interest in companies such as Microsoft and Nvidia has weakened.

US Auto Workers Union Strike Enters Its Ninth Day

Just the day before, due to stalled negotiations with General Motors and Stellantis, the United Auto Workers Union announced that the strike would be expanded nationwide. As of the 22nd local time, the strike has caused an economic loss of up to $1.6 billion.

US Poll: Proportion of People Opposing Biden's Reelection Reaches Highest Level During His Term

According to The Hill, an NBC poll shows that the proportion of respondents who do not support President Biden's reelection has risen to 56%, reaching the highest level during his presidency. Biden's approval rating is 41%, showing a decline compared to previous numbers.

Guosen Securities: Buying Opportunities in US Stocks Approaching, Hong Kong Stocks' Bottom Position Clear

The S&P 500 and Nasdaq Composite have fallen to the MA120 level, and the Nasdaq 100 is also approaching this level. It is recommended that investors wait for further confirmation signals of a temporary bottom in the US stock market and a peak in the 10-year US bond yield, and then choose to enter the market on the right side. As for Hong Kong stocks, the fundamental situation has not undergone a decisive change yet, so it is currently difficult to determine the potential for an upward rebound. However, the bottom position of the Hang Seng Index at 16,200 points seems relatively clear at the moment.

Starting Today, Bulk Reduction of Interest Rates for First Home Loans in Mainland China, No Application Required

Starting from September 25th, borrowers of existing first home commercial personal housing loans can apply to the lending financial institutions for the replacement of their existing loans with new loans. The adjustment covers first home loans, conversion from second home to first home, and commercial personal housing loans in combination with housing provident fund loans.