Zheng Quan Shi Bao·2025-10-28 15:03Group 1 - Trump criticized Federal Reserve Chairman Powell, calling him "incompetent" and indicating a change in leadership is expected by May next year [1][2][3] - The U.S. stock market showed slight gains, with the Dow Jones up 0.45%, S&P 500 up 0.09%, and Nasdaq up 0.35% as of the report [1] - Microsoft saw a significant rise, with shares increasing nearly 4%, and its market capitalization reaching $4 trillion after signing a new agreement with OpenAI for an additional $250 billion in Azure services [1] Group 2 - The Federal Reserve is expected to announce a 25 basis point rate cut during its upcoming meeting, bringing the target range to 3.75%-4% [3] - Recent reports indicate that foreign capital inflow into the Chinese stock market rebounded to $4.6 billion in September, the highest since November 2024, with a total of $18 billion inflow year-to-date [4] - Morgan Stanley's chief China equity strategist expressed confidence in the Chinese stock market, citing macroeconomic stability, improved global investor confidence in Chinese policies, and significant advancements in innovation [4]