To The Moon

【China】

🔸 Chinese Stocks Surge on Return From Holidays as Euphoria Extends. Chinese stocks listed onshore jumped as trading resumed following a week-long holiday, with encouraging home sales and consumption data giving fresh impetus to a rally sparked by Beijing’s stimulus blitz. The benchmark CSI 300 Index and SSEC Index climbed almost 11% in early trading before paring its advance. The measure had gained for nine straight sessions through Sept. 30 before heading into the Golden Week break. $CSOP Star&Chinext50 S$(SCY.SI)$ $CSOP DIV ETF S$(SHD.SI)$

【Asia-Pacific】

🔸 Nikon (7731 JT) Shares Jump After EssilorLuxottica Discloses 5.1% Stake. Nikon shares surge 7.9% in Tokyo, the most since Aug. 6, after France’s EssilorLuxottica disclosed a 5.1% stake in the Japanese precision equipment maker.

🔸 Nissan (7201 JT) to invest in EV tech firm ChargeScape. After transaction, this carmaker will have a 25% stake, equaling those of BMW, Ford and Honda.

🔸 India’s Central Bank Moving Closer to Rate Cut: Decision Guide. India’s new monetary policy committee may lay the ground for an interest rate cut on Wednesday as a wave of global easing kicks off and growth in the world’s fastest. $CSOP SEA TECH ETF S$(SQQ.SI)$ $CSOP SEA TECH ETF US$(SQU.SI)$

【The US】

🔸 AstraZeneca (AZN US) signs US$1.92 billion licensing deal with HK-listed CSPC. AstraZeneca said on Monday (Oct 7) it would pay up to US$1.92 billion to CSPC Pharmaceutical Group in an exclusive licence agreement to boost the Anglo-Swedish drugmaker’s cardiovascular pipeline.

🔸 Google (GOOGL US), research units collaborate to speed AI development. GOOGLE said it has seen faster progress in artificial intelligence (AI) as a result of closer collaboration between its cloud computing unit and its AI research lab.

【Saudi Arabia】

🔸 Saudi Arabia’s MSMEs see 17% growth in credit facilities – SAMA report. Credit facilities extended to micro, small, and medium enterprises in Saudi Arabia grew by 17.04 percent year on year in the second quarter of 2024, totaling SR307.4 billion (US$82 billion), according to recent data. 94% of these were provided by Saudi banks, while finance companies accounted for the remaining 6%. Facilities accounted for 8.8% of banks’ total lending portfolio and 19.5% of finance companies’ credit portfolios.

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