昨夜！中国资产大涨！美政府“停摆”倒计时！

Market Overview - US stock market indices rose, with the Dow Jones increasing by 68.78 points (0.15%) to 46,316.07, the Nasdaq up by 107.08 points (0.48%) to 22,591.15, and the S&P 500 gaining 17.51 points (0.26%) to 6,661.21 [2][3] - The Nasdaq China Golden Dragon Index saw a strong performance, rising over 2% [1] Economic Concerns - The US government is facing a potential shutdown as funding is set to run out at midnight on September 30, with significant implications for government operations and data releases [1][5] - The Bureau of Labor Statistics (BLS) has outlined an emergency plan indicating that the first major data release affected by a government shutdown would be the non-farm payroll report scheduled for October 3 [6] Company Insights - Alibaba's stock rose by 4.65%, driven by increased investment in data centers, widespread application of language models, and collaboration with NVIDIA, leading to an optimistic outlook for its cloud business revenue [4] - Morningstar analysts raised Alibaba's valuation by 49% to $267 for its US Depository Shares and 260 HKD for its H-shares, citing stronger cloud business profits and AI-driven growth [4] - Jefferies also increased its target price for Alibaba from $178 to $230 per share [4] Legislative Developments - President Trump met with congressional leaders to discuss avoiding a government shutdown, with significant disagreements noted between parties [5] - The discussions highlighted the potential impact of a shutdown on critical economic indicators, including employment and inflation data, which are essential for policy decisions by the Federal Reserve [5][6]