🔥 Biya Morning Brief | This Week’s Market Focus 1️⃣ The latest round of U.S.-China trade talks kicks off this week, with markets watching for new signals on trade, technology, and high-level leadership engagement. 2️⃣ The UN General Assembly’s High-Level Week begins concurrently; Trump will meet with Gulf leaders, and issues involving Iran, Ukraine-Russia, and energy security may continue to influence global risk sentiment. 3️⃣ Federal Reserve officials will deliver a series of speeches this week, including Williams, Jefferson, and Barr, as markets seek clues on the next steps in monetary policy following the rate hike. 4️⃣ Key U.S. data releases include the preliminary September PMI, initial jobless claims, August durable goods orders, and the University of Michigan consumer sentiment index—all of which will further test the resilience of the U.S. economy. 5️⃣ The quarterly rebalancing of the Nasdaq-100 takes effect, with SpaceX’s weight rising from approximately 1.28% to 2.82%, potentially triggering volatility in related tech stocks due to passive fund rebalancing. 6️⃣ The S&P index family also undergoes adjustments, with Palo Alto, Arista, SanDisk, Dell, Bloom Energy, and Illumina being added or reweighted; price and volume movements in these stocks warrant attention. 7️⃣ A series of major tech conferences will take place, including Alibaba’s Cloud栖 Conference, Qualcomm’s Snapdragon Summit, Meta Connect 2026, and the AICC AI Computing Conference—putting AI, chips, and XR innovations in the spotlight. 8️⃣ The GMIF Global Memory Industry Innovation Summit will be held in Shenzhen, China, with AI memory, HBM, and edge/end-device storage demand emerging as key focus areas for the semiconductor supply chain. 9️⃣ In Hong Kong IPOs, StarRocks and Nazheng Technology are listing this week; markets will monitor the performance of new listings in AI infrastructure software and hard tech. 🔟 Earnings season continues with reports from Costco, General Mills, AutoZone, and other U.S. companies; attention will focus on consumer resilience, cost pressures, and changes in corporate guidance.