Sou Hu Cai Jing·2025-09-18 22:49Group 1: Chip Stocks Performance - Chip stocks showed strong performance with Intel rising over 22%, Applied Materials and ASML increasing over 6%, and Micron Technology up over 5% [1] - Nvidia's stock price reached $176.24, up 3.49%, with a market capitalization of $4.28 trillion, adding $144.6 billion (approximately 102.85 billion RMB) to its market value overnight [1] Group 2: IPO and Market Trends - Cybersecurity company NetSkope saw an 18% increase on its first day of trading in the U.S. IPO market [1] - The Nasdaq Golden Dragon China Index fell by 1.79%, with notable declines in stocks such as NetEase (over 4%), Bilibili (over 3%), and others like Weibo, Li Auto, and Alibaba (over 2%) [2] Group 3: Federal Reserve Interest Rate Decision - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to between 4.00% and 4.25%, marking the first rate cut of the year and following three cuts last year [5] - Fed Chairman Jerome Powell highlighted the challenge of balancing rising inflation with a weak labor market, indicating a "dual risk" scenario [7][9] Group 4: Economic Implications of Rate Cuts - Analysts suggest that the Fed's rate cut is primarily driven by downward pressure from weak employment, with a shift in focus towards job stability as a core concern [8] - The rate cut is expected to lower borrowing costs, potentially stimulating demand and supporting employment, although external factors like tariffs and immigration policies may negatively impact consumer and business confidence [9]