TREE NEWS reports: US equities extended their rally during China’s National Day holiday, with the Nasdaq and Nvidia both notching record highs as AI-linked technology shares led gains, while Treasury yields held high, gold traded in a range and crude oil spiked then retreated. In Hong Kong, AI large-language models drew market attention on commercialization progress. Chinese brokerages expect A-shares to rise on volume and price after the break.
Nasdaq, Nvidia Hit Record Highs Over China Holiday as AI Trade Leads
AI take
The record highs landing during China's holiday window underscore how much of the current AI bid sits in US-listed names, leaving mainland and Hong Kong markets to price the theme on their own reopen. That gap matters for cross-listing sentiment: Hong Kong's LLM commercialization chatter and brokerage expectations for a post-holiday A-share pickup are the local mirror of the same trade. Whether the US AI leadership and the onshore reopening narrative stay aligned is the open question.
Generated by AI for reference only.
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