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• Global funds are flocking to buy, with fund managers pouring into the Chinese stock market at a record pace.

This week, four of the largest ETFs related to China collectively attracted an inflow of $2.5 billion, with KraneShares' $KraneShares CSI China Internet ETF (KWEB.US)$ setting a new record for the largest single-day inflow on Tuesday. Earlier, Beijing rolled out a series of stimulus measures to boost the economy, driving China's stock market to its best single-day performance since 2008. Fund managers and hedge funds, after years of low allocations, are pouring into the Chinese stock market at a record pace.

• "China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.

During the sharp rise in the Chinese stock market, on Thursday, a new ETF tracking the performance of large Chinese companies, called "China Dragon", debuted on the US stock market. This ETF's full name is $ROUNDHILL CHINA DRAGONS ETF (DRAG.US)$ The component stocks currently include Tencent, PDD Holdings, Alibaba, Meituan, Byd Company, Xiaomi, JD.com, Baidu, and Netease. The issuer collectively refers to these companies as the 'China Dragon.'

• The size of the US money market fund has reached a record 6.46 trillion US dollars.

According to the Investment Company Institute (ICI), the assets of the US money market fund have increased to 6.46 trillion US dollars, reaching a record level. Despite the Federal Reserve's rate cuts and a series of industry reform measures taking effect, investors are still pouring into US money market funds, driving the total assets of such funds to a record high. Data released by the Investment Company Institute on Thursday showed that as of the week ending October 2, the size of the money market fund increased by approximately 38.7 billion US dollars. The total assets reached a record level of 6.46 trillion US dollars. The single-quarter influx of funds marks the largest since the banking crisis in March 2023.

• Biden's vague stance triggers an energy storm, with international oil prices soaring over 5%.

The situation in the Middle East has escalated rapidly in recent days. Iran recently launched a large-scale missile attack on Israel, causing global tension over potential retaliatory actions by Israel. In response to a question about whether the US would support Israel's strike on Iran's oil facilities, President Biden stated, 'We are discussing that.' As a result, WTI crude oil futures prices surged over 5.69% on Thursday, hitting a daily high of 74.09 US dollars per barrel and currently trading at 73.84 US dollars.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• The three major indices collectively declined, with energy stocks leading the S&P sector.

On Thursday, October 3, the three major US stock indices closed lower as investors worried about the escalating tension in the Middle East. At the close, the Dow Jones Industrial Average fell by 0.44%, the S&P 500 Index dropped by 0.17%, and the Nasdaq Composite Index declined by 0.04%.

大型科技股多数走低，英伟达涨3.37%，市值重回3 trillion美元上方；Meta涨1.74%，谷歌C跌0.06%，微软跌0.14%，苹果跌0.49%，亚马逊跌1.52%，特斯拉跌3.36%。

石油和天然气股多数走高，马拉松石油涨5.72%，EOG能源涨1.92%，康菲石油涨1.87%，埃克森美孚涨0.87%，雪佛龙涨0.20%。

中概股方面，纳斯达克中国金龙指数跌2.37%，终结五连涨。热门中概股多数走低，房多多跌13.93%，哔哩哔哩跌8.80%，蔚来跌7.07%，小鹏汽车跌7.05%，理想汽车跌3.61%阿里巴巴跌2.09%，京东跌0.45%，拼多多跌0.06%。

• Tesla's largest-scale battery project? Four new versions of the 4680 battery are planned to be launched in 2026, including a special version for Robotaxi.

科技媒体The Information美东时间10月3日周四的报道援引知情者消息称， $Tesla (TSLA.US)$ 启动了一个公司史上同时研发电池做多的电池项目，要设计四款新型自有电池，计划2026年推出，为电动卡车 Cybertruck、即将推出的无人驾驶出租车 Robotaxi 和其他电动汽车提供动力。

• 英伟达内部人士今年股票套现超1.8 billion美元，更多减持在路上

According to data, $NVIDIA (NVDA.US)$ Executives and directors have collectively reduced their holdings of nearly 11 million shares of NVIDIA stock this year, marking the largest scale of shareholding reduction since at least 2020 after accounting for the stock split effect. While NVIDIA CEO Jensen Huang has already sold 6 million shares, other insiders are still selling. For example, NVIDIA director Mark Stevens has sold 1.6 million shares of stock this year and disclosed plans to sell another 3 million shares.

• Silicon Valley giants are showing their magic in using electricity for AI: Microsoft plans to restart abandoned nuclear power plants, while Google is also eyeing nuclear energy.

Microsoft recently reached an agreement to use nuclear energy from abandoned nuclear power plants to power data centers. Google is also not falling behind, as they are exploring ways to utilize green energy sources and are eyeing nuclear power. Google's CEO mentioned on Thursday that the company is considering additional investments in solar energy and evaluating technologies like small modular nuclear reactors. Overnight, nuclear energy stocks collectively rose by over 5%. $Vistra Energy (VST.US)$ Increased by over 5%, $Constellation Energy (CEG.US)$ Up more than 4%. $NRG Energy (NRG.US)$ Rises by more than 1%.

• Just finished financing, OpenAI has obtained a $4 billion credit line, with liquid assets exceeding $10 billion.

Media reports that OpenAI currently has a $4 billion revolving credit line provided by multiple financial institutions, bringing its total liquid assets to over $10 billion. OpenAI has stated that the company plans to use this funding for research and product investment, expand infrastructure, and attract talent. Previously, OpenAI announced on Wednesday that it had completed a financing round at a valuation of $157 billion, raising $6.6 billion from a large number of investment companies and tech giants.

• US regulators state that Hers' weight loss drug is no longer in short supply, while the "substitute" manufacturer Hims & Hers plunges nearly 10%.

The US Food and Drug Administration (FDA) announced that due to increased demand, the GLP-1 injectable medication containing Tirzepatide, a component of Hers owned by Eli Lilly, has been in short supply since 2022. The FDA has now determined that the shortage issue of this type of medication has been resolved. Stimulated by this news, the affordable medical care company $Hims & Hers Health (HIMS.US)$ Intraday once fell by 15.3%, eventually closing down nearly 10%.

If you want to play this game, you must believe in yourself and your judgment.

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• The six consecutive rises suddenly ended, has the rebound in the Hong Kong stock market come to an end?

On Thursday, October 3rd, after six consecutive days of gains, Hong Kong stocks experienced a pullback. The Hang Seng Index plummeted by 4.4% in early trading, but saw a V-shaped rebound in the afternoon, recovering most of the decline, and eventually closing down 1.47%.

Zhang Yidong, Chief Global Strategy Analyst at Industrial Securities, stated that the volatility in the Hong Kong stock market is here, precisely validating the reversal logic, rather than a fleeting wave of rebound. In October, Hong Kong and A-shares are expected to shift from the recent short-squeeze rebound to a more sustainable oscillating reversal. Chen Guo, Chief Strategy Analyst at CSC Securities, also mentioned that the fluctuations in the Hong Kong stock market are normal, and there is no need to worry about the bull market coming to an end at this point.

• Foreign investment accelerates its position building! Several companies listed in Hong Kong have announced that JPMorgan increased its shareholding in BYD Company Limited and others by over 4.1 billion Hong Kong dollars in just one day.

According to the disclosure of HKEX's Easy Data today, JPMorgan continued to significantly increase its holdings on September 27th (Note: HKEX trading data is disclosed with a delay of 3 trading days) including $BYD COMPANY (01211.HK)$Please use your Futubull account to access the feature.$HKEX (00388.HK)$Please use your Futubull account to access the feature.$CPIC (02601.HK)$Please use your Futubull account to access the feature.$TSINGTAO BREW (00168.HK)$等股票，4只shareholding较多的个股合计金额已超4.1 billion港元。

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: US unemployment rate; US seasonally adjusted non-farm employment population in September

On the economic data front, the US seasonally adjusted non-farm employment population for September and the US unemployment rate for September will be released.

In terms of financial events, opening remarks will be given at a meeting held by the FOMC permanent voting member, New York Fed President Williams.

In addition, during National Day, A-shares will be closed, and the Hong Kong Stock Connect and Shanghai-Shenzhen Stock Connect will pause trading.

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