BABA(US:BABA) Zhong Guo Ji Jin Bao·2025-09-25 00:57Market Performance - The three major U.S. stock indices closed lower, with the Dow Jones down 0.37%, S&P 500 down 0.28%, and Nasdaq down 0.33% [2] - Despite the overall market decline, Intel and Tesla saw gains, with Intel's stock price increasing by 6.41% to $31.22 per share [3] Chinese Stocks - The Nasdaq China Golden Dragon Index rose by 2.83%, led by Alibaba's significant increase of 8.21% [5][6] - Other Chinese stocks such as JD and Baidu also experienced gains of over 5% [5] Federal Reserve and Interest Rates - The probability of a 25 basis point rate cut by the Federal Reserve in October has risen to 91.9% [9][12] - Divergence among Federal Reserve officials regarding future rate cuts has increased, with some supporting further cuts while others express caution [11][12] Trade Policy - The U.S. has officially reduced tariffs on EU automobiles to 15%, effective from August 1, 2025 [16][17] - This adjustment is part of a broader trade agreement and includes various product exemptions [17]