"Pre-Market Brief: US Stocks Plunge, Brokers Open Early for Silver Transfers"

HarmonyOS NEXT officially launches public beta testing;

The Shanghai Stock Exchange: Starting from October 8th,the time to accept designated trading instructions will be extended;

The State Council Information Office will hold a press conference at 10 a.m.on October 8th to introduce the "systematic implementation of a package of incremental policies to solidly promote the economy to move upwards in structure and to improve,and the development trend continues to be positive".

Local time on Monday,U.S.stocks fell across the board,and as of the close,the Dow Jones Industrial Average fell by 0.94%,the Nasdaq fell by 1.18%,and the S&P 500 index fell by 0.96%.The Chicago Board Options Exchange (CBOE) Volatility Index closed at 22.64,the highest level since August 8th.

Star technology stocks performed poorly,with Amazon falling by 3.06%,and Wells Fargo downgraded the company's rating to in line with the market.Apple and Google fell by more than 2%,Meta fell by 1.87%,Microsoft fell by 1.57%,and Nvidia rose by 2.24% against the trend.

Chinese concept stocks performed well overall,with the Nasdaq Golden Dragon China Index closing up by 0.07%.Alibaba rose by 2.63%,Tencent Holdings ADR rose by 2.6%,Baidu rose by 3.63%,EHang Intelligent rose by 21.40%,Canadian Solar rose by 10.29%,Jinko Energy rose by 9.39%,Li Auto rose by 4.18%,and Xiaopeng Auto rose by 2.11%.

In terms of individual stocks,Super Micro Computer rose by nearly 16%,with the company stating that it deployed more than 100,000 graphics processing units (GPUs) in the most recent quarter.

Pfizer's stock price rose by 2.2%,with reports that activist investor Starboard Value has acquired approximately $1 billion worth of shares in the pharmaceutical giant.

Air Products and Chemicals rose by 9.5%,with reports that activist hedge fund Mantle Ridge has established a position in the company.

International oil prices rose significantly,with the WTI crude oil near-month contract rising by 3.71%,报价 at $77.14 per barrel,and the Brent crude oil near-month contract rising by 3.69%,报价 at $80.93 per barrel.According to data released by the Federal Reserve on Monday,the total consumer credit increased by $8.9 billion in August,significantly lower than the $26.6 billion level in July.Revolving credit,which includes credit cards,decreased by nearly $1.4 billion,while non-revolving credit,which includes auto loans and student loans,increased by $10.3 billion.

On the evening of October 7th,multiple securities firm apps pushed notifications regarding third-party transfer arrangements for October 8th.The time for third-party transfers supported by several banks was significantly advanced,with the earliest being 7:30 AM.Among them,the CITIC Securities app showed that to meet investors' transfer needs on October 8th,according to some custodian banks and company business arrangements,the third-party bank-broker transfer time for China Construction Bank,CITIC Bank,and Bank of Communications (excluding credit accounts) was advanced to 7:30 AM,while the Agricultural Bank of China's third-party bank-broker transfer time (excluding credit accounts) was advanced to 8:00 AM.The East Money app showed that starting from the 8th,Minsheng,China Merchants,Everbright,SPD Bank,CCB,BOC,and BOCOM would start supporting bank-broker transfers at 7:35 AM,while ABC,Ningbo Bank,Industrial Bank,and Huaxia would start at 8:05 AM.In addition,according to incomplete statistics,CITIC Securities,Guoxin Securities,and others also pushed similar notifications.

Seres' September new energy vehicle sales reached 37,407 units,a year-on-year increase of 265.09%.

Seres released a quick report on production and sales for September,with September new energy vehicle production at 37,416 units,a year-on-year increase of 312.89%; September new energy vehicle sales at 37,407 units,a year-on-year increase of 265.09%.Among them,Seres Automobile's September production was 36,327 units,a year-on-year increase of 495.43%; September sales were 35,825 units,a year-on-year increase of 402.81%.

BYD: September new energy vehicle sales reached 419,400 units.

BYD announced that the new energy vehicle sales in September 2024 were 419,400 units,compared to 287,400 units in the same period last year; the cumulative sales for the year reached 2,747,900 units,a year-on-year increase of 32.13%.

*ST Zhongrun: The controlling shareholder is planning to transfer control rights,and the stock is suspended.

*ST Zhongrun announced that the company received a notice from the controlling shareholder Ningbo Ransheng on September 30,2024,that Ningbo Ransheng is planning to transfer control rights related to the company.The shares planned to be transferred in this plan account for about 20% of the company's total share capital,and the transaction counterparty is a large enterprise in the mining industry.The transaction still requires the counterparty to go through the approval process.The matter has entered into negotiations,and there is still significant uncertainty at present.The company's stock has been suspended since the opening of the market on October 8,2024,and the suspension period is expected not to exceed two trading days.

CEC Port: The National Integrated Circuit Fund plans to reduce holdings by no more than 0.257%.

CEC Port announced that the shareholder National Integrated Circuit Fund plans to reduce holdings by no more than 1.9531 million shares through concentrated bidding transactions,accounting for 0.2570% of the company's total share capital.The shareholder Guofeng Investment Fund plans to reduce holdings by no more than 1.3021 million shares through concentrated bidding transactions and block transactions,accounting for 0.1713% of the company's total share capital.Shareholders CEC Kunrun Fund and CEC Development Fund plan to reduce holdings by no more than 1.8313 million shares through concentrated bidding transactions,accounting for 0.2410% of the company's total share capital.COSCO Shipping Holdings: Expected Net Profit Growth of Approximately 285.66% Year-on-Year in the Third Quarter

COSCO Shipping Holdings announced that it expects to achieve a net profit attributable to the shareholders of the listed company of about 38.121 billion yuan for the first three quarters of 2024,an increase of approximately 72.72% compared to the same period last year.It is expected that the net profit attributable to the shareholders of the listed company for the third quarter of 2024 will be about 21.251 billion yuan,an increase of approximately 285.66% compared to the same period last year.

Sun Eagle International: Plans to Adjust Share Repurchase Plan,Increasing Repurchase Amount to 600 Million Yuan - 1.2 Billion Yuan

Sun Eagle International announced that the company plans to adjust its share repurchase plan,raising the share repurchase price cap from 1.69 yuan per share to 2.34 yuan per share; the total repurchase fund will be adjusted from no less than 350 million yuan and no more than 700 million yuan to no less than 600 million yuan and no more than 1.2 billion yuan; the source of repurchase funds will be adjusted from the company's own funds to the company's own funds or self-raised funds.

Zhongchuang Environmental Protection: Plans to Raise No More Than 500 Million Yuan Through a Private Placement,Control Rights Will Change

Zhongchuang Environmental Protection announced that the company plans to issue no more than 77.6398 million shares (accounting for 20.14% of the total share capital before the issue) at a price of 6.44 yuan per share to Xingtai Xiaofan Technology Co.,Ltd.(referred to as "Xingtai Xiaofan"),raising no more than 500 million yuan,all of which will be used to supplement working capital and repay bank loans after deducting issuance expenses.Before this issue,Xingtai Xiaofan did not hold any shares of the company; after the completion of this issue,the control rights of the company will change,the controlling shareholder will change to Xingtai Xiaofan,and the actual controller will change to Hu Yu.

WuXi AppTec and WuXi Biologics Respond to Business Sale Rumors: Assessing Operational Options,Regular Business Reviews

According to The Paper,there are reports that WuXi AppTec and WuXi Biologics are preparing to sell part of their businesses,among which WuXi AppTec will sell WuXi Advanced Therapies,and discussions have been going on for several months,contacting contract manufacturers to acquire all or part of the assets.On October 4,WuXi AppTec stated that it is assessing the options to continue the operation of WuXi Advanced Therapies (advanced therapy business) to meet our priorities: our employees and patients who need essential,time-sensitive,life-saving treatments.

CITIC Construction Investment: Current favorable policies are expected to continue,and there is hope for further strengthening in the capital market,real estate,and fiscal policies,with low-value construction central enterprises and housing construction,infrastructure sectors all directly benefiting.During the National Day holiday,the Hong Kong stock market continued to rise,with an average increase of 21.5% for the five construction central enterprises listed in Hong Kong,and the AH premium rate dropped from 110% to 90%.The investment cost-effectiveness of A-shares of construction central enterprises has increased.In the context of policy determination,continuous release of favorable policies,and continuous optimism for low-value construction central state-owned enterprises.

CITIC Securities: There has been a significant change in policy signals,and market expectations have undergone a major reversal.Future continuous strengthening of domestic demand policies may drive the price signal to arrive early,and the market will usher in a major turning point.After the major reversal of expectations,the market is characterized by the concentrated entry of incremental funds dominated by retail investors,and pulse-like rises will continue in the short term.At present,it is in the transition stage from the major reversal of expectations to the major turning point of the market.With low P/B and domestic demand repair as the core,after the price signal is confirmed,the market will usher in a major turning point,and an annual-level bull market with the core characteristic of the credit cycle rising again will be launched,and institutional investors will usher in a better entry opportunity.Zheshang Securities: Entering October,the unprecedented strength of economic support policies,the introduction of total policies beyond expectations,and the clear signals of stabilizing the economy,market,and expectations have reversed market expectations for the economic fundamentals.The over-allocation of the growth style A500ETF entering the construction period is expected to contribute incremental funds to the growth style.Overall,as policy details are further released,it is expected to continuously improve risk appetite.Currently,the trading concentration of the large-cap growth style is at a relatively low level,and it is anticipated that the large-cap growth style will welcome a valuation repair.