Good morning #早报

🌞News at a glance

1️⃣ According to data from the U.S. Treasury Department, Japan increased its holdings of U.S. Treasury bonds by $8.9 billion in September, bringing its total holdings to $1.1893 trillion, remaining the largest creditor of the U.S. The UK reduced its holdings of U.S. Treasury bonds by $39.3 billion to $865 billion in September, maintaining second place. China reduced its holdings of U.S. Treasury bonds by $500 million to $700.5 billion in September.

2️⃣ Trump's approval rating has hit a low point due to dissatisfaction with the cost of living and the Epstein case;

3️⃣ Another big player is bearish on U.S. stocks! "Bond King" Gundlach: There are obvious speculative signs in AI and data centers, recommending holding 20% cash to weather the winter;

4️⃣ Saudi Arabia has been approved to purchase U.S. AI chips, confirming an increase in investment in the U.S. to $1 trillion;

5️⃣ The Ministry of Industry and Information Technology: The goal is to establish about 200 high-standard digital parks by 2027, with effective deployment and application of computing power infrastructure;

6️⃣ In October, China's youth unemployment rate for those aged 16-24, excluding students, fell to 17.3%;

7️⃣ Research firm Counterpoint reports that overall smartphone sales in China grew by 8% year-on-year in October, mainly driven by Apple and Chinese brand phones.