2026-10-09 Market Morning News ｜ Tech Stocks Under Pressure, Waller Talks on Hike Pace
News covers Beijing time from 00:00 on October 8 to 07:00 on October 9.
【Hot Topics】
1. Waller says further rate hikes depend on data. On October 8, Federal Reserve Governor Waller said that if economic data continues to meet expectations, he expects additional rate hikes, but that hikes do not need to be made consecutively at every meeting—the timing can be flexible. This is a personal conditional judgment, and it cannot be used to determine the decision at the next meeting. The focus remains on inflation and economic data, not on converting the remarks directly into a fixed number of hikes.
2. New progress in tokenization of U.S. stocks. Securitize announced the launch of its Stocks product, with the first batch listing 12 U.S. stocks such as Apple, Nvidia, and Tesla. Trading is initially provided on Solana via its registered broker platform. The company says the tokens are 1:1 backed by underlying stocks, representing securities interests; holders are not registered shareholders directly, and conversion remains conditional. Integration with NYSE and OKXICE, as well as 24/7 trading, is still planned. The actual tradable hours and investor eligibility are worth noting.
3. Pyth publishes details of revenue buybacks. On October 8, the official statement said that product revenue received by the DAO will be used entirely to build up the PYTH reserves; after receiving stablecoins, it will purchase PYTH through open-market transactions. Under the relevant authorizations, the first batch of buybacks was executed on September 30; what was disclosed yesterday were the rule details. Going forward, look at actual revenue and token purchase records: an increase in reserve holdings does not automatically mean tokens are being burned.
【Hong Kong Stocks】
As of the October 8 close, the Hang Seng Index was at 23,785 points, down 344 points, or more than 1.4%, reaching a new 3-month closing low; the Hang Seng TECH Index was at 4,073 points, down about 2.9%. Main board turnover was about HKD 207.3 billion. Financials and AI-related shares faced pressure. Huahong fell more than 9%, and MINIMAX dropped nearly 14%; some property and oil-related stocks rose against the trend.
【Securities Market】
A-shares at the October 8 close: the Shanghai Composite was 3,811 points, down nearly 0.8%; the Shenzhen Component was 12,620 points, down about 2.1%; the ChiNext was 3,036 points, down more than 3.1%. Semiconductors and CPO fell, while coal, oil, and banking sectors rose.
U.S. stocks at the October 8 local close: Dow Jones was 51,231 points, up 0.1%; S&P 500 was 7,765 points, down nearly 0.5%; Nasdaq was 27,193 points, down nearly 1.3%. The Philadelphia Semiconductor Index fell more than 3%, and market performance was mixed internally.
【Popular Tokens】
Binance spot sampled at 07:00:23 Beijing time. Price unit: USDT. The day’s change is based on rolling 24 hours:
$BTC 81882.01（-1.62%）
$ETH 2475.90（-3.65%）
SOL 110.32（-4.91%）
ZEC 1188.58（-10.63%）
$NEAR 4.534（-15.60%）
Among this high-activity sample set, NEAR and ZEC saw the largest declines. This is a market snapshot; it cannot be used to conclude that any specific news item is the reason for the drop.
News covers Beijing time from 00:00 on October 8 to 07:00 on October 9.
【Hot Topics】
1. Waller says further rate hikes depend on data. On October 8, Federal Reserve Governor Waller said that if economic data continues to meet expectations, he expects additional rate hikes, but that hikes do not need to be made consecutively at every meeting—the timing can be flexible. This is a personal conditional judgment, and it cannot be used to determine the decision at the next meeting. The focus remains on inflation and economic data, not on converting the remarks directly into a fixed number of hikes.
2. New progress in tokenization of U.S. stocks. Securitize announced the launch of its Stocks product, with the first batch listing 12 U.S. stocks such as Apple, Nvidia, and Tesla. Trading is initially provided on Solana via its registered broker platform. The company says the tokens are 1:1 backed by underlying stocks, representing securities interests; holders are not registered shareholders directly, and conversion remains conditional. Integration with NYSE and OKXICE, as well as 24/7 trading, is still planned. The actual tradable hours and investor eligibility are worth noting.
3. Pyth publishes details of revenue buybacks. On October 8, the official statement said that product revenue received by the DAO will be used entirely to build up the PYTH reserves; after receiving stablecoins, it will purchase PYTH through open-market transactions. Under the relevant authorizations, the first batch of buybacks was executed on September 30; what was disclosed yesterday were the rule details. Going forward, look at actual revenue and token purchase records: an increase in reserve holdings does not automatically mean tokens are being burned.
【Hong Kong Stocks】
As of the October 8 close, the Hang Seng Index was at 23,785 points, down 344 points, or more than 1.4%, reaching a new 3-month closing low; the Hang Seng TECH Index was at 4,073 points, down about 2.9%. Main board turnover was about HKD 207.3 billion. Financials and AI-related shares faced pressure. Huahong fell more than 9%, and MINIMAX dropped nearly 14%; some property and oil-related stocks rose against the trend.
【Securities Market】
A-shares at the October 8 close: the Shanghai Composite was 3,811 points, down nearly 0.8%; the Shenzhen Component was 12,620 points, down about 2.1%; the ChiNext was 3,036 points, down more than 3.1%. Semiconductors and CPO fell, while coal, oil, and banking sectors rose.
U.S. stocks at the October 8 local close: Dow Jones was 51,231 points, up 0.1%; S&P 500 was 7,765 points, down nearly 0.5%; Nasdaq was 27,193 points, down nearly 1.3%. The Philadelphia Semiconductor Index fell more than 3%, and market performance was mixed internally.
【Popular Tokens】
Binance spot sampled at 07:00:23 Beijing time. Price unit: USDT. The day’s change is based on rolling 24 hours:
$BTC 81882.01（-1.62%）
$ETH 2475.90（-3.65%）
SOL 110.32（-4.91%）
ZEC 1188.58（-10.63%）
$NEAR 4.534（-15.60%）
Among this high-activity sample set, NEAR and ZEC saw the largest declines. This is a market snapshot; it cannot be used to conclude that any specific news item is the reason for the drop.