The Shanghai Composite Index falls below 3,900; the 30-year U.S. Treasury yield hits a new high since 2004—what is the market afraid of?
🌙 Uncle Night Talk｜9.24 (Thursday)
━━━━━━━━━━━━━━━━━━
🪙 BTC drops back to 83K
BTC and ETH continue to decline. After entering a pullback from near the 87K high, 82K is the key support.
🇨🇳 A-share market shows a clear adjustment
The Shanghai Composite Index breaks below 3,900. The Shenzhen Component falls even more, with more than 4,300 stocks down; banks and wind power are relatively resilient.
🇭🇰 Hong Kong stocks hold up better
The Hang Seng Index is down only 0.29%. Southbound capital continues to be net buyers, with support around the 24,700 level.
🌏 Asia-Pacific remains split
Japan’s Nikkei rises 0.76%, and Japanese semiconductors stay strong; South Korea is closed for the Mid-Autumn holiday.
🇺🇸 What really matters: U.S. Treasuries
The 30-year U.S. Treasury yield rises to 5.444%, the highest since 2004; the 10-year yield climbs to around 5.14%. With long-end yields moving up, they continue to weigh on high-valuation tech assets.
⚡ Uncle’s take
The focus of trading today isn’t the meeting—it’s interest rates.
First, watch whether U.S. Treasury yields can stabilize.
Key levels to watch: A-shares at 3,850, BTC at 82K, and the Nasdaq at 27,000.
Don’t chase selloffs or try to catch the bottom—wait for the support.
━━━━━━━━━━━━━━━━━━
🌍 Look at global markets and track the direction of capital.
🧠 Faster News. Better Decisions.
⚠️ Personal observation only; not investment advice.
#大叔夜话 #A股 #美债 #BTC
🌙 Uncle Night Talk｜9.24 (Thursday)
━━━━━━━━━━━━━━━━━━
🪙 BTC drops back to 83K
BTC and ETH continue to decline. After entering a pullback from near the 87K high, 82K is the key support.
🇨🇳 A-share market shows a clear adjustment
The Shanghai Composite Index breaks below 3,900. The Shenzhen Component falls even more, with more than 4,300 stocks down; banks and wind power are relatively resilient.
🇭🇰 Hong Kong stocks hold up better
The Hang Seng Index is down only 0.29%. Southbound capital continues to be net buyers, with support around the 24,700 level.
🌏 Asia-Pacific remains split
Japan’s Nikkei rises 0.76%, and Japanese semiconductors stay strong; South Korea is closed for the Mid-Autumn holiday.
🇺🇸 What really matters: U.S. Treasuries
The 30-year U.S. Treasury yield rises to 5.444%, the highest since 2004; the 10-year yield climbs to around 5.14%. With long-end yields moving up, they continue to weigh on high-valuation tech assets.
⚡ Uncle’s take
The focus of trading today isn’t the meeting—it’s interest rates.
First, watch whether U.S. Treasury yields can stabilize.
Key levels to watch: A-shares at 3,850, BTC at 82K, and the Nasdaq at 27,000.
Don’t chase selloffs or try to catch the bottom—wait for the support.
━━━━━━━━━━━━━━━━━━
🌍 Look at global markets and track the direction of capital.
🧠 Faster News. Better Decisions.
⚠️ Personal observation only; not investment advice.
#大叔夜话 #A股 #美债 #BTC
