South Korea August seasonally adjusted industrial production fell 4.8% MoM, versus consensus +0.5%; July revised from +0.2% to +0.5%.

Key News 1. Starting October 1st, my country will implement loan interest subsidies for residential home purchases. 2. The People's Bank of China (PBOC): Lowered the Pledged Supplementary Lending (PSL) rate by 0.25 percentage points. 3. The PBOC: Included the construction of the "Six Networks" in the PSL support area; increased the re-lending quota for technological innovation and technological transformation by 200 billion yuan. 4. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC): Further focus on key areas such as artificial intelligence and new materials, and proactively cultivate cutting-edge tracks such as quantum technology. 5. A spokesperson for the Ministry of Commerce answered reporters' questions regarding media reports that relevant EU member states are pushing the European Commission to create a European version of the "Section 301" instrument. Individual Stock News 1. BYD: In the second half of intelligentization, semiconductors and software are even more important than batteries. 2. Jiangbolong: Vice General Manager Zhu Yu reduced his holdings of the company's shares by 598,400 shares from September 22nd to September 29th, and the reduction plan has expired and been completed. 3. Enhua Pharmaceutical: Granted exclusive rights to Somnivera, an investigational innovative drug for treating sleep disorders, with the right to receive milestone payments of up to $507 million. 4. Keson Technology: Plans to raise no more than 1.102 billion yuan through a private placement to acquire a 53.26% stake in ZhanGu Technology, a company specializing in liquid-cooled precision metal structural components. 5. Shandong Gold: Chairman proposed a share buyback of 300 million to 400 million yuan worth of A-shares. 6. Changyingtong: Signed a 147 million yuan sales order for polarization-maintaining optical fiber products. 7. Luchang Technology: Controlling shareholder Zoomlion is planning a change of control; trading suspended from September 30th. 8. Huazhijie: Plans to acquire an 83.5% stake in Geliming; trading resumes on September 30th. 9. Shanshui Technology (two consecutive daily limit-up moves): The price and sales volume of 6-nitrate exhibit an inverse relationship to some extent; currently, the impact on the company's performance is expected to be limited.

French Treasury Board (AFT): It expects the yield on French 3-month Treasury bills to reach 3% next year, and the yield on the 10-year benchmark government bond to reach 4.3%.