Corporate News - Xiaomi (1810.HK) announced a software fix for 30,931 of its SU7 electric vehicles in China to address safety concerns related to the assisted driving system following a fatal crash involving the model earlier this year [5][10] - DeepSeek, a Chinese AI firm, revealed that its top AI model cost just $294,000 to train, significantly lower than the tens or hundreds of millions estimated for similar models by U.S. competitors, potentially reshaping the AI development cost debate [6][10] Market Developments - The Nikkei 225 index in Japan surged to a new all-time high of 45,296.21 points, marking a year-to-date gain of nearly 15% despite ongoing U.S. tariff pressures [2][10] - The Indonesian Rupiah declined by 0.3% to 16,550 per U.S. dollar, reaching its lowest level since May 15, coinciding with a downturn in the Indonesia Stock Index, which opened around 7,990 points [3][10] - Malaysia set its October Crude Palm Oil reference price at 4,268.68 RGT/Ton, maintaining a 10% export duty [7]

Group 1 - The core issue involves Xiaomi's recall of 116,887 SU7 sedans due to software problems related to highway pilot assisted driving [1] - The recall is prompted by insufficient early warnings when the assisted driving feature is activated, as stated by the market regulator [1]

Corporate Developments - Xiaomi is recalling 116,887 SU7 electric vehicles in China due to an issue with the L2 high-speed pilot assist system providing insufficient early warning, with a fix planned through an over-the-air software update [2] Global Market Movements and Currency Fluctuations - Asian stock markets have experienced gains, contributing to a new high for a global equity index, reflecting broader investor optimism [3] - The yield on the Japanese 40-year government bond (JGB) has declined by 1.5 basis points to 3.420%, indicating potential shifts in investor appetite for long-term Japanese debt [3] Currency Markets - The New Zealand Dollar (NZD) and Australian Dollar (AUD) are under pressure due to expectations regarding the Reserve Bank of New Zealand's future interest rate decisions [4] - The Chinese Yuan opened slightly weaker against the U.S. Dollar at 7.1140/USD compared to its previous close of 7.1128, highlighting the sensitivity of regional currencies to central bank policies [4] Commodities and Economic Indicators - Gold prices are holding steady as market participants await signals from the U.S. Federal Reserve regarding monetary policy, indicating a cautious wait-and-see approach by investors [5] - A significant increase in Google searches for "credit card debt" suggests growing consumer financial strain, reaching levels last seen during the 2008 financial crisis, which may indicate potential challenges for household budgets in the U.S. [6] Geopolitical and Legislative Agendas - Indonesia is planning to introduce a tax amnesty bill as part of its 2025 legislative agenda to encourage compliance and boost state revenue [7] - Canada and Mexico are deepening their economic and political cooperation in response to ongoing trade tensions, particularly related to U.S. trade policies [7]

Core Viewpoint - Xiaomi Group's stock price has declined by 2% following the announcement from the State Administration for Market Regulation regarding the recall of certain vehicles from its subsidiary, Xiaomi Automobile Technology Co., Ltd. [1] Group 1 - Xiaomi Automobile Technology Co., Ltd. is recalling a total of 116,887 units of the SU7 standard version [1]

Group 1 - The core point of the article is that Xiaomi Group's stock has declined nearly 2% following the announcement of a recall plan for its electric vehicles [1] - Xiaomi Auto Technology Co., Ltd. has filed a recall plan with the State Administration for Market Regulation, in accordance with the regulations on defective automotive products [1] - The recall affects a total of 116,887 units of the SU7 standard version electric vehicles produced between February 6, 2024, and August 30, 2025 [1]

Group 1 - The core point of the article is that Xiaomi Group's stock has turned downward, dropping over 1% following an announcement from the market regulatory authority regarding a recall of certain SU7 standard electric vehicles by Xiaomi Automobile Technology Co., Ltd [2] Group 2 - The recall involves a specific model of electric vehicles, indicating potential quality or safety concerns that could impact consumer confidence and sales [2] - The market reaction to the recall announcement has resulted in a decline in Xiaomi's stock price, reflecting investor sentiment regarding the implications of the recall [2]

Group 1: Federal Reserve Actions - The Federal Reserve lowered the benchmark interest rate by 25 basis points, bringing the target range for overnight funds to 4.00% - 4.25% [3][6] - White House officials, including trade advisor Navarro, called for a larger cut of 50 basis points, arguing that current rates are at least 100 basis points too high [3][6] - The dot plot indicates that most Federal Reserve officials expect two more 25 basis point cuts by 2025, with median projections for the federal funds rate at 3.5% - 4.0% [3][5] Group 2: Market Reactions - U.S. stock indices showed mixed results, with the Dow Jones rising by 0.57% to 46,018.32 points, while the S&P 500 and Nasdaq fell by 0.1% and 0.33%, respectively [8] - Major tech stocks experienced varied performance, with the Nasdaq China Golden Dragon Index rising by 2.85% and the Chinese tech leaders index up by 2.31% [11] Group 3: Treasury Yield Movements - U.S. Treasury yields increased across the board, with the 2-year yield rising by 4.99 basis points to 3.545% and the 10-year yield up by 6.12 basis points to 4.089% [13]

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of 144.73 billion HKD on September 15, 2023, indicating strong investor interest in certain stocks, particularly Alibaba and the Tracker Fund of Hong Kong [1]. Group 1: Northbound Trading Activity - Northbound trading saw a net buy of 69.68 billion HKD through the Shanghai Stock Connect and 75.05 billion HKD through the Shenzhen Stock Connect [1]. - The most heavily net bought stocks included Alibaba-W (09988), Tracker Fund of Hong Kong (02800), and Meituan-W (03690) [1]. - The most heavily net sold stocks were Xiaomi Group-W (01810) and Tencent (00700) [1]. Group 2: Individual Stock Performance - Alibaba-W (09988) had a net buy of 54.25 billion HKD, with a total trading volume of 79.60 billion HKD, reflecting a significant increase of 28.90 billion HKD in net inflow [2]. - The Tracker Fund of Hong Kong (02800) received a net buy of 27.82 billion HKD, supported by a favorable liquidity environment and improved market fundamentals [5]. - Xiaomi Group-W (01810) faced a net sell of 7.24 billion HKD, despite the upcoming launch of its Xiaomi 17 series [7][8]. Group 3: Sector Trends - The semiconductor sector saw increased interest, with Huahong Semiconductor (01347) and SMIC (00981) receiving net buys of 3.3 billion HKD and 1.18 billion HKD, respectively, amid ongoing geopolitical tensions affecting the industry [6]. - The healthcare sector also attracted investment, with stocks like Brainstorm Cell Therapeutics-B (06681) and Jiatian Pharmaceutical-B (02617) receiving net buys of 2.66 billion HKD and 1.42 billion HKD, respectively, as the pharmaceutical industry is expected to improve significantly by 2025 [6].

小米集团合伙人、总裁，手机部总裁，小米品牌总经理卢伟冰9月15日宣布，全新小米17系列，本月就 会和大家见面。 随后，小米创办人雷军转发该微博，并写道：小米17系列，产品力跨代升级，全面对标iPhone，正面迎 战！ 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 卢伟冰称，5年前，我们开启高端化战略，向最伟大的对手学习，坚定对标 iPhone。迄今，苹果依然非 常出色。iPhone 17 系列的成功大家都看到了，但我们依然很有信心，才会同代同级地直面iPhone。 ...

Core Viewpoint - Xiaomi Group is set to launch the new Xiaomi 17 series this month, marking a significant advancement in the history of its digital series smartphones [1] Product Launch Details - The Xiaomi 17 series will include three models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max [1] - The launch is scheduled to occur one month earlier than the previous generation [1] - The series will feature the global debut of the fifth-generation Snapdragon 8 Supreme mobile platform [1]