2026-09-29 Market Morning News｜ChiNext falls 4.53%, ZEC retreats by more than 7%
Message window: from 00:00 on September 28 to 07:00 on September 29 (Beijing time).
【Hot Topics】
Spot gold briefly dropped to $4,110.55 per ounce overnight, down more than 4%, touching a near 8-week low; the December gold futures contract on COMEX closed at $4,168.4, down 3.5%. Rising USD and Treasury yields are key market focus. The spot figure reflects the intraday low, not the real-time quote at 7 this morning.
The SEC’s Division of Corporation Finance has revised its crypto-asset Q&A, adding a “no central party” condition to the token repurchase question: for systems that already have functionality and no central party, when the issuer announces a plan to repurchase non-security crypto assets, it does not constitute a statement or commitment to undertake essential managerial efforts. This is staff guidance with no legal effect, and it is not a blanket exemption for all token repurchases.
A report from the head of NEAR Intents states that SHIELD detected attempts to move suspected funds worth more than $50 million related to the Bitget incident (deduplicated). About $166,000 was moved through, while approximately $503,000 is frozen during execution. Frozen funds remain subject to restrictions, pending legal and recovery procedures. This is follow-up progress on the September 24 incident; a freeze does not mean the funds have been returned.
【Hong Kong Stocks】
As of the close on September 28, the Hang Seng Index was 24,642 points, up 0.54%; the Hang Seng Tech Index was 4,296 points, down 0.37%; main-board turnover was about HK$177.5 billion. Yangtze Optical Fibre and Cable fell nearly 17%, and MINIMAX fell 9%. The Hang Seng rebounded, but tech stocks still showed dispersion; you can’t judge only by the index’s rise or fall.
【Securities Market】
In the A-share market, the close on September 28 showed the SSE Composite at 3,823 points, down 1.67%; the SZSE Component Index at 12,858 points, down 3.44%; and the ChiNext Index at 3,139 points, down 4.53%. Sectors such as computing-power hardware and semiconductors were under pressure, with the ChiNext’s decline noticeably larger than the SSE.
US stocks closed on September 28 (early morning of September 29 Beijing time): the Dow was 51,481 points, down about 0.7%; the S&P 500 was 7,683 points, down about 0.8%; and the Nasdaq was 26,820 points, down more than 0.9%. Nvidia rose nearly 2% against the trend, while Boeing fell about 7%. As of 7:00 today, Hong Kong and A-shares have not opened yet; all figures above are closes from the most recent trading days.
【Popular Tokens】
Binance spot sampled at 07:00:44 on September 29 (unit: USDT; numbers in parentheses indicate the change over the past 24 hours):
$BTC 83544 (-0.82%)
$ETH 2687.79 (+0.34%)
$ZEC 1477.82 (-7.22%)
SOL 118.6 (-2.48%)
XRP 1.4938 (-1.14%)
Among these five actively traded samples, ZEC had the largest drop, ETH rose slightly, and the direction of BTC and ETH diverged. The data only represent this round of Binance spot samples.
Message window: from 00:00 on September 28 to 07:00 on September 29 (Beijing time).
【Hot Topics】
Spot gold briefly dropped to $4,110.55 per ounce overnight, down more than 4%, touching a near 8-week low; the December gold futures contract on COMEX closed at $4,168.4, down 3.5%. Rising USD and Treasury yields are key market focus. The spot figure reflects the intraday low, not the real-time quote at 7 this morning.
The SEC’s Division of Corporation Finance has revised its crypto-asset Q&A, adding a “no central party” condition to the token repurchase question: for systems that already have functionality and no central party, when the issuer announces a plan to repurchase non-security crypto assets, it does not constitute a statement or commitment to undertake essential managerial efforts. This is staff guidance with no legal effect, and it is not a blanket exemption for all token repurchases.
A report from the head of NEAR Intents states that SHIELD detected attempts to move suspected funds worth more than $50 million related to the Bitget incident (deduplicated). About $166,000 was moved through, while approximately $503,000 is frozen during execution. Frozen funds remain subject to restrictions, pending legal and recovery procedures. This is follow-up progress on the September 24 incident; a freeze does not mean the funds have been returned.
【Hong Kong Stocks】
As of the close on September 28, the Hang Seng Index was 24,642 points, up 0.54%; the Hang Seng Tech Index was 4,296 points, down 0.37%; main-board turnover was about HK$177.5 billion. Yangtze Optical Fibre and Cable fell nearly 17%, and MINIMAX fell 9%. The Hang Seng rebounded, but tech stocks still showed dispersion; you can’t judge only by the index’s rise or fall.
【Securities Market】
In the A-share market, the close on September 28 showed the SSE Composite at 3,823 points, down 1.67%; the SZSE Component Index at 12,858 points, down 3.44%; and the ChiNext Index at 3,139 points, down 4.53%. Sectors such as computing-power hardware and semiconductors were under pressure, with the ChiNext’s decline noticeably larger than the SSE.
US stocks closed on September 28 (early morning of September 29 Beijing time): the Dow was 51,481 points, down about 0.7%; the S&P 500 was 7,683 points, down about 0.8%; and the Nasdaq was 26,820 points, down more than 0.9%. Nvidia rose nearly 2% against the trend, while Boeing fell about 7%. As of 7:00 today, Hong Kong and A-shares have not opened yet; all figures above are closes from the most recent trading days.
【Popular Tokens】
Binance spot sampled at 07:00:44 on September 29 (unit: USDT; numbers in parentheses indicate the change over the past 24 hours):
$BTC 83544 (-0.82%)
$ETH 2687.79 (+0.34%)
$ZEC 1477.82 (-7.22%)
SOL 118.6 (-2.48%)
XRP 1.4938 (-1.14%)
Among these five actively traded samples, ZEC had the largest drop, ETH rose slightly, and the direction of BTC and ETH diverged. The data only represent this round of Binance spot samples.