Hot News Updates

1. US Announces 100% Tariffs on Chinese Goods, Commerce Ministry Responds

2. Global Stock Markets Plunge – What to Expect Tomorrow?

US stocks plummeted on Friday, with the S&P 500 falling 2.71% to 6,552.51 points, marking its largest single-day decline since April. The Nasdaq Composite dropped 3.56% to 22,204.43 points, also recording its biggest daily drop since April.

Chinese concept stocks, FTSE A50 futures, and Hang Seng Index futures all experienced significant declines.

Analysis:

The market is expected to open significantly lower tomorrow. How will this situation compare to the April 7th market movement?

Research institutions generally believe that the market volatility triggered by this year’s “reciprocal tariffs” won’t be a repeat of past events, so there’s no need for excessive pessimism about equity assets. From an operational perspective, investors shouldn’t rush to act when panic first appears. Instead, they can wait for market panic to slightly ease and for a rebound trend to emerge before adjusting their positions according to their needs.

Research reports indicate that A-shares may experience minor fluctuations but the upward trend remains unchanged, accompanied by market style shifts.

Analysis suggests that while the current tariff conflict may cause some short-term market disturbances, it won’t change the long-term bullish characteristics of A-shares.

Two key market indicators deserve attention:

First, mysterious capital flows. Looking back at the bottom on April 7th, substantial amounts of mysterious capital purchased ETFs, and numerous listed companies issued share buyback announcements.

Second, chip exchange. The significant decline on April 7th, driven by emotional fluctuations, led to noticeably increased trading volume, indicating rapid chip exchange.

From the perspective of pricing power, mysterious capital intervening to support the market mainly affects large-cap stocks. Quantitative funds control the pricing of micro-cap stocks, so investors should be mentally prepared if the rebound shows divergence.

3. New Kalay to Showcase Key Equipment at Bay Chip Expo

The 2025 Bay Area Semiconductor Industry Ecosystem Expo will be held from October 15-17 at the Shenzhen Convention and Exhibition Center (Futian). A press conference was held to introduce the “2025 Bay Area Semiconductor Industry Ecosystem Expo.”

It was stated that in March of this year, New Kalay made a remarkable appearance at the semiconductor equipment exhibition in Shanghai. At this Bay Chip Expo, everyone is encouraged to look forward to more surprises. New Kalay includes several subsidiaries, each of which will bring unexpected surprises to this exhibition.

Analysis:

New Kalay was established in 2021 as a state-owned semiconductor equipment and component manufacturing enterprise wholly owned by Shenzhen Major Industry Investment Group.

The core technology drawing attention to New Kalay is SAQP technology. This is an advanced micro-nano processing technology that achieves smaller chip circuit line widths under existing lithography machine precision limitations through multiple exposures and etching, representing one of the key paths to breakthrough advanced processes.

What surprises will they bring? Here’s a reference list of core component suppliers.

4. Trending Topic: Commerce Ministry Announcement Attachments Switch to WPS Format for First Time

Market Commentary

Where will the market go from here? Opinions vary over the weekend.

Optimists believe it will replicate the April 7th pattern, considering low openings as good opportunities.

Cautious investors argue that the situation is different from when it was at 3,000 points, prioritizing position control.

Multiple market perspectives maintain that the bull

S&P 500

The S&P 500 is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. It was introduced by the financial firm Standard & Poor’s in 1957 and has since become a leading indicator of the health of the U.S. stock market and economy.

Nasdaq Composite

The Nasdaq Composite is a major stock market index that tracks the performance of over 3,000 common equities listed on the Nasdaq stock exchange. It was launched in 1971, becoming the world’s first electronic stock market, and is heavily weighted towards technology and innovation companies. Its history is closely tied to the rise of the tech industry, making it a key barometer for that sector’s health.

FTSE A50

The FTSE China A50 Index is not a physical place or cultural site, but a financial market index. It tracks the performance of the 50 largest and most liquid Chinese companies (A-shares) traded on the Shanghai and Shenzhen stock exchanges. It was launched by FTSE Russell in 2003 to give global investors a benchmark for the Chinese mainland equity market.

Hang Seng Index

The Hang Seng Index is Hong Kong’s primary stock market index, established in 1969. It tracks the performance of the largest and most liquid companies listed on the Hong Kong Stock Exchange and serves as a key indicator of the market’s overall health and the Hong Kong economy.

A-shares

A-shares are a class of stocks representing ownership in companies based in mainland China and traded on its two stock exchanges, in Shanghai and Shenzhen. Historically, these shares were only available for purchase by domestic Chinese citizens, but since 2003, a series of reforms have gradually opened the market to qualified foreign institutional investors. This market is a crucial component of the world’s second-largest economy and reflects China’s ongoing financial liberalization.

ETFs

It appears there may be a misunderstanding, as ETFs (Exchange-Traded Funds) are not a physical place or cultural site but a type of financial investment fund. They are traded on stock exchanges like individual stocks and were first introduced in the early 1990s, with the SPDR S&P 500 ETF (SPY) being one of the most famous and oldest examples. Their history is rooted in providing investors with a simple, cost-effective way to gain diversified exposure to a basket of assets.

Bay Area Semiconductor Industry Ecosystem Expo

The Bay Area Semiconductor Industry Ecosystem Expo showcases the technological and economic impact of the semiconductor industry in the San Francisco Bay Area. This region has a rich history in the field, being the birthplace of Silicon Valley and home to pioneering companies like Fairchild Semiconductor and Intel since the mid-20th century. The expo highlights the entire supply chain, from design and manufacturing to innovation, that continues to drive global advancements in computing and electronics.

Shenzhen Convention and Exhibition Center

The Shenzhen Convention and Exhibition Center is a major modern venue in Futian District, opened in 2004 to support the city’s booming economy and trade. It is renowned for hosting large-scale events like the China Hi-Tech Fair, playing a pivotal role in Shenzhen’s development as a global innovation and exhibition hub.