Market Performance Hong Kong Stock Market - On September 30, 2025, the Hang Seng Index opened 193 points higher and then widened its gains, rising 494 points or 1.9% to close at 26,622 points. The H - share Index rose 151 points or 1.6% to close at 9,454 points, and the Hang Seng Tech Index rose 129 points or 2.1% to close at 6,324 points. The total turnover of the market was HK$309.096 billion [1]. A - share Market - A - share market's three major indices opened higher and closed higher, rising 0.9% - 2.7%. The Shanghai Composite Index rose 34 points or 0.9% to close at 3,862 points, with a turnover of RMB 968.2 billion. The Shenzhen Component Index rose 270 points or 2.1% to close at 13,479 points, with a turnover of RMB 1.19 trillion. The ChiNext Index rose 86 points or 2.7% to close at 3,238 points, with a turnover of RMB 570.7 billion [1]. US Stock Market - On Monday, the US stock market fluctuated and trended higher. The Dow Jones Industrial Average rose 68 points or 0.2% to close at 46,316 points. The S&P 500 Index rose 17 points or 0.3% to close at 6,661 points. The Nasdaq Composite Index rose 107 points or 0.5% to close at 22,591 points [2]. Macroeconomic News - The People's Bank of China conducted a 7 - day reverse repurchase operation of RMB 288.6 billion in the open market on the 29th, with an operating rate of 1.4%. There were RMB 240.5 billion of reverse repurchases due, resulting in a net investment of RMB 48.1 billion. The central parity rate of the RMB against the US dollar was raised by 63 points to 7.1089 [1]. - US President Trump announced that a 10% tariff will be imposed on imported softwood lumber and timber, and a 25% tariff on kitchen cabinets, washbasins, and padded wooden products. The new tariffs will take effect on October 14, and some tariffs will be increased starting January 1, next year [2]. - As the US federal government approaches a shutdown on October 1, key US economic data may be suspended. If the shutdown occurs after September 30, the employment data originally scheduled for release on October 3 will be affected first, followed by inflation data, and retail sales and new housing construction data are also at risk of delayed release [2]. Company - specific News - NVIDIA's CEO, Jensen Huang, said in a podcast interview that China lags behind the US by only a few nanoseconds in chip manufacturing, and the US should stop banning chip sales to China. Allowing companies like NVIDIA to sell chips to China would spread US technology and expand US geopolitical influence, which is in the US interest [3]. - As of September 29, the margin trading balance on the Shanghai Stock Exchange was RMB 1,223.395 billion, an increase of RMB 4.54 billion from the previous trading day. The margin trading balance on the Shenzhen Stock Exchange was RMB 1,181.431 billion, a decrease of RMB 0.112 billion from the previous trading day. The total balance of the two markets was RMB 2,404.826 billion, an increase of RMB 4.428 billion from the previous trading day [3]. - XGIMI Technology announced on the 29th that it submitted an application to the Hong Kong Stock Exchange to issue shares (H - shares) overseas and list on the main board of the Hong Kong Stock Exchange. The sole sponsor is CICC [3].