U.S. manufacturing PMI surged to 57 in September, far exceeding the expected 53.7; services PMI rose from 56.5 in August to 58.7, higher than the estimated 55.8. Additionally, Iranian President Pezeshkian stated at the United Nations General Assembly that Tehran does not rule out negotiations but refuses to be threatened, and as long as sanctions and blockades remain, Iran will not allow free navigation through the Strait of Hormuz. Brent crude futures price rebounded above $100 per barrel.
The OECD raised its inflation forecast for the G20 in 2027 to 3.6%, 0.5 percentage points higher than its June estimate, and projected one additional rate hike by the U.S. Federal Reserve this year. Federal Reserve Governor Barr also stated that U.S. inflation remains above the Fed's 2% target and has not clearly moved toward the target level, and under the baseline scenario, further monetary policy adjustments are needed to ensure inflation returns to target in a timely manner.
Current interest rate futures indicate that the market now sees a 73.5% chance of another 25 basis point rate hike in October. The yield on the U.S. 10-year Treasury bond once again rose above the 5% level, reaching a high of 5.139%, while the U.S. 30-year fixed mortgage rate increased by 15 basis points to 7.12%, a new over two-year high.
Currently, the Hang Seng Index stands at 24,741, down 92 points or 0.4%, with main board turnover nearing HK$20.9 billion. The Hang Seng China Enterprises Index is at 8,256, down 16 points or 0.2%. The Hang Seng Tech Index is at 4,347, down 31 points or 0.7%. (am)
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| SMIC (00981) | 62.7 | Down 1.72% |
| Hua Hong (01347) | 110.2 | Down 3.5% |
| Cambridge Industries (06166) | 118.5 | Down 3.74% |
| ASMPT (00522) | 166.3 | Down 2.75% |
| Shanghai Fudan (01385) | 27.48 | Down 1.58% |
| GigaDevice (03986) | 494.8 | Down 4.11% |
| Biren Technology (06082) | 38.92 | Down 3.09% |
| Tiandashizhi (09903) | 120.3 | Down 5.42% |
| Montage Technology (06809) | 301.4 | Down 1.7% |
