Evergrande alarm lifted: property listing, 86.3 billion battle investment support, Zhang Jindong and other bosses appeared; Xiaomo was fined US $900 million for manipulating the gold and silver market; NIO Inc. reached an all-time high by Deutsche Silver; Walt Disney Company will lay off 28000 people; New York City's one-day COVID-19 diagnosis rate exceeded 3% for the first time in months.

Hot news

• When the first presidential debate hit, Goldman Sachs Group said investors would use it to assess risk.

Investors are anxiously waiting for the first presidential debate between President Donald Trump and Democratic presidential candidate Joe Biden, which is expected to attract a record audience at 9pm EDT on Tuesday.

Goldman Sachs Group strategists said on Tuesday that they remained "risk-friendly", but warned that unless uncertainty about the US election was alleviated, risky assets could fall into a "fat and flat range" range, characterized by weaker returns and more volatility.

• Mr. and Mrs. Biden released their 2019 tax returns and paid nearly $300000 in taxes.

Democratic presidential candidate Joe Joe Biden paid $299346 in income tax in 2019, according to documents released on Tuesday. It was just hours before the first presidential debate between Biden and Trump.

The media revealed on Sept. 27 that Trump had not paid federal income tax for 10 of the 15 years after 2000 because he reported that his conglomerate's losses were greater than its income. In 2016, when Trump won the presidential election and in his first year in the White House, Trump paid only $750 in federal income tax.

• Pelosi and Mnuchin resume talks, rekindling hopes for a new round of economic stimulus

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin discussed the latest Democratic stimulus package on Tuesday, and their negotiations will determine whether a new stimulus package is possible before the election.

Negotiations between the Trump administration and congressional Democrats are entering a critical moment this week, when the two sides either reach an agreement or the House of Representatives passes the plan proposed by the Democrats and then adjourns the meeting to work on campaign matters.

• Federal Reserve Williams: it will take about three years for the US economy to fully recover

John Williams, chairman of the New York Fed, said on Tuesday that the US recovery from the recession triggered by the COVID-19 epidemic was stronger than expected, although he added that it could take about three years for the economy to recover.

"We hope to return to maximizing employment as soon as possible," Williams said. He added that the US economy would grow strongly and be close to full employment "in about three years".

• UBS: gold will return to $2000 by the end of the year

UBS Global Wealth Management believes investors should now put their money into gold, which will be a "very good hedge" against risky events such as the US election.

The price of gold could reach about $2000 an ounce by the end of the year, Kelvin Tay, the company's regional chief investment officer, said on Tuesday. At a time when the US election and epidemic situation are uncertain, gold is a very good hedge tool. The weakening price of gold now gives investors a very good opportunity to enter the market.

• JPMorgan Chase & Co predicts that US stocks will rise by 10% in the coming year, suggesting that he increase his holdings of cyclical stocks.

Grace Grace Peters, head of equity strategy at JPMorgan Chase & Co's private banking division, said on Tuesday that the US stock market was expected to hit record highs in the coming year, benefiting cyclical stocks such as industrial and construction materials.

Peters said investors should increase their cyclical exposure to their portfolios over the next 12 months to benefit from novel coronavirus's post-crisis economic recovery.

• The one-day diagnosis rate of COVID-19 in New York City exceeded 3% for the first time in months.

New York City Mayor de Blasio (Bill de Blasio) said on September 29th that the correct diagnosis rate of COVID-19 in New York City exceeded 3% for the first time in months, and New York City would continue to observe daily data updates to make the next decision.

It is reported that there were 338 new confirmed cases of COVID-19 in New York City on the 28th, and the correct diagnosis rate of COVID-19 in a single day was 3.25%.

Review of US stocks

• Us stocks closed lower, the S & P 500 fell 0.48 per cent

Us stocks closed slightly lower on Tuesday, with the Dow down 131.40 points, or 0.48%, at 27452.66; the Nasdaq was down 32.28 points, or 0.29%, at 11085.25; and the S & P 500 was down 16.13 points, or 0.48%, at 3335.47.

• NIO Inc. closed up nearly 11%, a record high.

$NIO Inc. (NIO.US) $Auto shares closed up 10.85% at $20.85 on Tuesday, hitting an all-time high of $21.12. Deutsche Bank had previously released a report saying that NIO Inc. could become the next iconic car brand.

Edison Yu, an analyst at Deutsche Bank, said that more and more customers believe that NIO Inc. Automobile is a high-end brand with the most first-class technology and service in its kind of products. At the same time, in a recent study on the brand preference of major electric vehicles, NIO Inc. 's recommendation rate was as high as 62%. The study shows that customers' preference for NIO Inc. cars is as high as that of BMW and Mercedes-Benz.

• Micron Technology Inc's revenue in the fourth quarter was 6.056 billion US dollars, and its net profit increased by 76% compared with the same period last year.

$Micron Technology Inc (MU.US) $Today released the company's financial results for the fourth quarter and full year of fiscal 2020. Micron Technology Inc's revenue in the fourth quarter was $6.056 billion, compared with $4.87 billion in the same period last year and $5.438 billion in the previous quarter, according to the report. Net profit was $988 million, up 76 percent from $561 million in the same period last year, compared with $803 million in the previous quarter.

Micron Technology Inc fell nearly 4 per cent in after-hours trading after the announcement of the results.

• A final agreement was reached with Tencent on the privatization of Sogou. Sohu.com Ltd closed up more than 11% on Tuesday.

$Sogou (SOGO.US) $An announcement was issued yesterday announcing the signing of a final privatisation agreement. According to the announcement, the transaction is expected to be completed in the fourth quarter of 2020. After the completion of the merger, Sogou will become an indirect wholly-owned subsidiary of Tencent, and his American depositary receipts will no longer be listed on the New York Stock Exchange.

The transaction price is $9 / ADS.$Sohu.com Ltd (SOHU.US) $A total of about $1.18 billion in cash will be received, and Sohu.com Ltd will no longer have any beneficial interest in Sogou after the transaction is completed. Affected by the news, Sohu.com Ltd rose 11%.

• COVID-19 's epidemic situation dealt a heavy blow to the business of the theme park, Walt Disney Company will lay off 28000 people

$Walt Disney Company (DIS.US) $Visitors to a long-closed and reopened theme park in California were restricted by COVID-19 's epidemic, forcing the company to cut 28000 jobs in its parks, experience and consumer goods divisions.

• JPMorgan Chase & Co settled a lawsuit accusing him of manipulating the precious metal market.

According to court documents,$JPMorgan Chase & Co (JPM.US) $) has settled a long-standing lawsuit alleging fraud in precious metals market transactions, and details of the settlement have not been disclosed in court documents. JPMorgan Chase & Co agreed to pay more than $920 million to settle US authorities' allegations that the bank manipulated the market in metal futures and US Treasuries over the past eight years.

The Prospect of Hong Kong City

• Evergrande 86.3 billion war investment into common stock

$China Evergrande Group (03333.HK) $The announcement said it had signed a supplementary agreement with a war investment holding 86.3 billion yuan of Evergrande real estate. It is clear that Zhan Investment agrees to be held by ordinary equity for a long time, and the proportion of equity remains unchanged. Of the remaining 43.7 billion of the war votes, 15.5 billion have completed negotiations and are going through the formalities, and 28.2 billion are in the process of negotiations.

It is understood that at the signing ceremony with the war investment, Xu Jiayin, chairman of Evergrande Group, Zhang Jin, chairman of SUNING Holdings, Wang Wenyin, chairman of Zhengwei International, Ye Yuanxi, chairman of Guangtian Holdings, Shao Mingan, chairman of Anxin Trust, Tian Jiayu, chairman of Jiayu Group, and other senior executives of 130 billion strategic investors attended the signing ceremony.

In addition, Evergrande Property Services Holdings Limited submitted an application for listing to the Hong Kong Stock Exchange. Evergrande Property Services intends to raise US $2 billion, and it is reported that Evergrande Property Services may be valued at US $11 billion, and Evergrande Property Services is indirectly held by the China Evergrande Group Group.

• BABA invested in Zhongxin Tourism in 385 million.

On the evening of September 29th, Zhongxin Tourism announced that Feng Bin, the company's controlling shareholder and actual controller, transferred his 45.47 million unlimited terms of circulation shares of Zhongxin Tourism to the BABA network at a price of 8.46 yuan per share. it accounts for about 5% of the total share capital of Zhongxin Tourism signed by the share transfer agreement.$BABA-SW (09988.HK) $Become the third largest shareholder of Zhongxin Tourism.

• HKEx: Li Xiaojia will retire early

Notice from Mr. Li Xiaojia$Hong Kong Exchanges and Clearing (00388.HK) $The board of directors is concerned about its intention to retire as chief executive of Hong Kong Exchanges and Clearing Group. With the full support and consent of the Board of Directors, Mr. Li will continue to serve as the Chief Executive Officer of Hong Kong Exchanges and Clearing Group and an ex officio member of the Board until 31 December 2020. Mr. Dai Zhijian is appointed acting Chief Executive Officer of the Group.

• Zoomlion Heavy Industry Science and Technology plans to issue additional shares to the executive directors, raising about HK $1.136 billion.

$Zoomlion Heavy Industry Science and Technology (01157.HK) $According to the announcement, on September 29, 2020, the company entered into a "subscription agreement" with the subscribers, in which the company intends to issue 193.8 million shares to the subscribers at HK $5.863 per share (a discount of about 16.84% from the closing price of HK $7.05 on September 29). Equivalent to 12.25% of the expanded H shares and 2.39% of the total shares issued after expansion. The total amount of funds received will be about HK $1.136 billion.

At the same time, the meeting of the board of directors of the company examined and approved the proposal on adjusting the company's non-public offering of A-shares, which intends to issue no more than 1.06 billion A-shares to no more than 35 specific investors, and the total amount of funds raised shall not exceed RMB 5.6 billion yuan.

Focus today

Key words: Chinese PMI, American GDP, the first debate of the US presidential election

Niuniu morning reading:

A really good investor is not whether he will always be the winner in the market, but whether he has the courage to stand up from every failure and become stronger! -- Soros