[長虹] Corrective announcement: Company sale of real estate to related parties
Published ・ Source Taiwan | 臺灣證券交易所
The summary of this item is not shown
Facts
On Oct. 5, ROC year 115, 長虹 sold 3 office units and 3 underground parking spaces in the Changhong YunChuang Technology Business Building on Section 2, Wenhua 3rd Road, Linkou District, New Taipei City, to related parties.
Original李虹寬購買1戶，建物面積52.44坪外加1車位，交易總金額新台幣30,580仟元。
Original蔡宜珍購買1戶，建物面積52.44坪外加1車位，交易總金額新台幣29,890仟元。
Original李虹儀購買1戶，建物面積29.70坪外加1車位，交易總金額新台幣19,050仟元。
The 三 transaction counterparties, Li Hongkuan, Cai Yizhen and Li Hongyi, are all 二-degree relatives of directors of 長虹 and are related parties.
The transaction was decided through bilateral negotiations, with the price set based on the development's price list and market conditions. The decision-making authority was the chairman.
Hsu Mien-sheng's view: Creating an international organization of one's own will not resolve Taiwan's isolation
Published ・ Source Taiwan | 風傳媒
Retired Ambassador Hsu Mien-sheng wrote in a commentary that the World Disaster Management Alliance (WADM), established by President Lai Ching-te on Sept. 19, is in fact political calculation and psychological consolation. It adds another layer of bureaucracy and will not help improve Taiwan's international isolation. The initial NT$50 million in funding will be borne solely by Taiwan's Ministry of Foreign Affairs.
Facts
On Sept. 19 this year, the Democratic Progressive Party government invited 11 diplomatic allies and Somaliland, which is not widely recognized internationally, to jointly establish the World Disaster Management Alliance (WADM).
At the WADM's founding meeting, President Lai Ching-te said its establishment was an important breakthrough in Taiwan's efforts to participate internationally over half a century.
In its initial phase（2026 to 2028）, the WADM's funding will be fully covered by a NT$50 million budget allocated by Taiwan's Ministry of Foreign Affairs.
Starting in 2029, the WADM will switch to membership dues, jointly apportioned according to economic conditions, disaster-risk proportions and the proportions of member countries.
Taiwan was invited to attend the World Health Assembly for 8 consecutive years in the past, but was again blocked during Tsai Ing-wen's presidency.
WADM full membership is limited to sovereign states, but all major countries in the world have no diplomatic relations with Taiwan, making it impossible for Taiwan to join as a country.
Lu Wen-hao's view: Military observations of the Taiwan Strait should move beyond 'large-scale drills' toward an era of 'long-term attrition and competition on multiple fronts'
Published ・ Source Taiwan | 風傳媒
Military observer Lu Wen-hao published an essay on military observations of the Taiwan Strait, arguing that analysis should shift from 'large-scale drills' to 'long-term attrition and competition on multiple fronts.' He proposed a three-tier analytical framework covering activity, attrition and organization, and emphasized replacing observations based on a single sortie count with multiple indicators, including cost exchange and force-fill ratios.
Facts
Recent media reports have said that purges of senior Chinese military officers have weakened command and combat capabilities, and that the military's actual combat power is lower than its apparent strength.
In April 2026, the overall force-fill ratio for Taiwan's volunteer-service personnel was 76.33%, and it has remained below 80% since 2023.
U.S. officials believe the likelihood of China invading Taiwan before 2028 is gradually declining. However, if the DPP wins a fourth consecutive term in 2028, Beijing may become increasingly inclined to use force in 2028 and beyond.
University of Chicago professor John Mearsheimer believes the chances of China invading Taiwan within the next 10 years are low, citing the difficulty of amphibious landings, China's lack of combat experience and the certainty of U.S. intervention.
Since the start of this year, the number of Chinese military aircraft has clearly declined, while the number of Chinese vessels, including government ships, has increased, because ships can remain self-sufficient at sea for at least 一 month.
On Sept. 9 to 10, the Ministry of National Defense reported that 18 sorties of Chinese military aircraft, 8 warships and 1 government vessel operated around the Taiwan Strait, with 13 aircraft sorties crossing the median line. The following day, there were 11 aircraft sorties, 8 warships and 2 government vessels.
Li Woteng column: Shen Boyang's cognitive warfare is astonishingly effective, but how can it be aimed at Taiwan's own people?
Published ・ Source Taiwan | 風傳媒
In a column, commentator Li Woteng said that Shen Boyang, a scholar who studies cognitive warfare, was accused of substituting methadone treatment for his 2014 proposal to provide drug users with needles at community centers, then mobilizing medical professionals to sign a petition attacking Chiang Wan-an over a position he never proposed. Li called it a textbook example of cognitive warfare.
Facts
In 2014, Shen Boyang published 'Ko Chen-tung's Scandal Exposes the Festering Sore in Our Drug Policy,' advocating that 'community centers provide drugs and clean needles to drug users.'
The word 'methadone' does not appear in Shen Boyang's 2014 article.
Methadone treatment was introduced in Taiwan as early as 2006.
When Chiang Wan-an was a legislator, he proposed support for methadone substitution therapy and was one of the signatories to the proposal.
A petition launched by Tu Cheng-che had drawn 2,267 signatories by 8:20 a.m. on Oct. 4, including 1,825 healthcare workers; it later surpassed 五千 signatories.
In a Facebook post in the early hours of Oct. 4, Centers for Disease Control Director-General Lo Yi-chun cited research on the cost-effectiveness of clean needles and methadone, saying every dollar invested could save 十九 dollars in medical expenses.
An Apple Daily News report on Oct. 5 replaced 'drugs' in Chiang Wan-an's original remarks with 'methadone' in its opening.
The controversy prompted Taipei City's Department of Health to add wording about legal enforcement to its explanation of clean-needle vending machines, disrupting a harm-reduction understanding that had lasted 二十 years.
In 2025, enrollment in Master of Divinity programs was about 15 at 台灣神學院, 11 at 台南神學院 and 12 at 玉山神學院, for a combined total of about 38 students at the 三 schools.
The Presbyterian Church faces problems including falling seminary enrollment, difficulty finding successors for pastors, the consolidation of seminaries and declining church strength.
In his series of articles 'Joseph and His Brothers,' Tseng Ching-pao extensively discussed the political history of Taiwan's Christian community in the 1960s and 1970s.
In a 2022 interview with the Taiwan Church News, Tseng Ching-pao said the Presbyterian Church had taken on the posture of a 'quasi-state church' after the DPP came to power.
Pastor Kao Chun-ming initiated the National Prayer Breakfast.
Tseng Ching-pao criticized certain Christians in the Chiang Kai-shek era for bringing 'leader, ideology and obedience' into Christianity.
Author Wu Rong-chen is a university instructor.
The author argues that criticism of political power should be consistent across party lines.
Li Hua-chiu's view: Shen Boyang's protective aura has taken shape; how will the KMT respond?
Published ・ Source Taiwan | 風傳媒
Political commentator Li Hua-chiu said that Shen Boyang, the DPP's Taipei mayoral candidate, claimed 12萬 people had flocked to the opening of his campaign headquarters, and that the momentum of the 'Shen wave' had forged a protective aura whose effects were spreading across Taiwan.
Facts
Original民進黨於5月提名沈伯洋參選台北市長。
Shen Boyang recently opened his campaign headquarters, claiming that 12萬 people packed the venue.
The author wrote an article in late July titled 'The DPP's Intent in Playing the Shen Boyang Card,' analyzing the 'Shen card.'
A poll released by Dai Li-an in late September showed Lai Ching-te's trust rating at 51.2% and his approval rating at 51.4%.
The author describes himself as a commentator on politics and election news.
The author believes that if the 'Shen card' wave wins in 2026, the contest will extend into the 2028 election and split the KMT and TPP camp.
The column says 台積電 is in talks to cooperate with Musk's Terafab project, which aims to produce 100萬 wafers per month, about 7成 of 台積電's total capacity. The biggest risks are political and geopolitical.
Facts
Last week, an independent media outlet reported that 台積電 was exploring a partnership with Terafab. Elon Musk himself responded on X: the two sides had only discussed it, but something might come of it.
Terafab’s initial target is to produce 100,000 wafers per month, with an ultimate target of 1 million, equivalent to about 7 tenths of 台積電’s total capacity.
英特爾 has sent personnel to Terafab to assist with fab design, process technology and capacity planning. Musk also confirmed that he is working with 英特爾.
Citing national security, the U.S. government pressured TikTok to sell its U.S. operations to an American company and issued an executive order requiring 瀚孚光電 to divest the Emcore半導體-related assets it had acquired.
Citing national security, the British government used legislation to forcibly take over and nationalize the British steel company acquired by Chinese investors.
The author quotes Henry Kissinger: “It may be dangerous to be America’s enemy, but to be America’s friend is fatal.”
Opinion: Kaohsiung will never thrive as long as the New Tide faction remains in power. The harbor city can no longer be a long-term lease for political factions!
Published ・ Source Taiwan | 風傳媒
A current affairs commentator writes that “Kaohsiung will never thrive as long as the New Tide faction remains in power” is a declaration for institutional reform. The faction’s long-standing privileges over nominations, personnel, state-owned enterprises, land and policy resources must be dismantled, and transparency and political accountability demanded.
Facts
In the 2026 DPP party-official elections, the New Tide faction won 9 of 30 Central Executive Committee seats and 3 of 10 elected Central Standing Committee seats, ranking first among individual factions in both.
After being elected president, Lai Ching-te announced that he was leaving the New Tide faction, saying the president should rise above factional politics and objectively advance national policies.
Zhang Junning and Zhao Lusi lose out! She tops the list of the 10 most beautiful supporting actresses in Chinese dramas: She stunned the internet playing a wealthy heiress at 19 and is still beautiful more than 20 years later
Published ・ Source Taiwan | 風傳媒
This article compiles a list of the 10 most beautiful supporting actresses in Chinese dramas, introducing nine actresses ranked from 10th to 2nd and their signature roles, with each role accompanied by its Douban rating and user reviews.
Facts
Mao Xiaotong was named the 10th most beautiful supporting actress in a Chinese drama for playing Li Changru in “The Princess Weiyoung.” The show has a Douban rating of 4.9.
Yang Rong was named the 9th most beautiful supporting actress in a Chinese drama for playing Xiao Huanyun in “The Legend of Lu Zhen.” The show has a Douban rating of 7.8.
Ady An was named the 8th most beautiful supporting actress in a Chinese drama for playing Dugu Banruo in “The Legend of Dugu.” The show has a Douban rating of 6.1.
Li Qin was named the 7th most beautiful supporting actress in a Chinese drama for playing Yuan Chun in “Princess Agents.” The show has a Douban rating of 5.3.
Zhao Lusi was named the 6th most beautiful supporting actress in a Chinese drama for playing Li Leyan in “The Long Ballad.” The show has a Douban rating of 6.1.
Janine Chang was named the 5th most beautiful supporting actress in a Chinese drama for playing Xu Hui in “The Empress of China.” The show has a Douban rating of 5.4.
Chen Duling was named the 4th most beautiful supporting actress in a Chinese drama for playing Ye Bingshang in “Till the End of the Moon.” The show has a Douban rating of 5.6.
Lu Yuxiao was named the 3rd most beautiful supporting actress in a Chinese drama for playing Shangguan Qian in “My Journey to You.” The show has a Douban rating of 6.3.
Opinion: When the “Republic of China” and “Taiwanese” alike become politicians’ “chamber pots”
Published ・ Source Taiwan | 風傳媒
This article was submitted by a Taoyuan City council candidate from the Labor Party. Against the backdrop of the “Trump-Xi meeting” discussing joint Chinese-American resistance in the war, the author singles out Mainland Affairs Council Deputy Minister Liang Wen-chieh and Taoyuan City Councilor Yu Beichen for criticism, accusing them of treating the “Republic of China” as a political tool and an ATM for votes, and urging grassroots voters not to be duped by the slogan “resist China and protect Taiwan.”
Robinhood held its annual HOODSummit in Houston, Texas, on Sept. 29 and launched its AI trading agent, “Robinhood Agents”
Within 4 months of Robinhood opening access to external AI models, more than 150,000 customers had opened AI-agent trading accounts
AI calls Robinhood’s trading tools nearly 30 million times a day
Meta launched its personal AI agent, Muse, on Sept. 8
Morgan Stanley’s wealth management division oversees $7.35 trillion in client assets
Morgan Stanley’s employee stock plan platform has brought in a total of $1.2 trillion in assets
Britain’s Revolut posted $6 billion in revenue and $2.3 billion in pretax profit in 2025, with 68.3 million personal customers
Brazil’s Nubank posted quarterly net profit of more than $1 billion for the first time, while its AI private banker is used by more than 15 million people each month
Original阿里巴巴「千問」AI助理App於今年2月每月活躍用戶突破3億人
Taiwan stocks have risen more than six-tenths so far this year. On Sept. 24, their total market capitalization was about $5.3 trillion, the world’s fourth largest
As of the end of July this year, Taiwan’s robo-advisory services had fewer than 260,000 customers across 16 providers, with NT$18.7 billion in assets under management
Yu Che-an’s view: How payment gains are being redistributed among the U.S., Europe and China
Published ・ Source Taiwan | 風傳媒
Writing in issue 201 of Taiwan Banker magazine, Yu Che-an says stablecoin issuers profit from zero-interest liabilities and the yield spread on reserve assets, creating a structural conflict of interest with banks. Section 404 of the CLARITY Act highlights this dilemma.
Facts
The CLARITY Act passed the House of Representatives in July 2025 and the Senate Banking Committee in May 2026.
Stablecoin issuers pay no interest on stablecoin liabilities and earn yield on their reserve assets.
Stablecoin issuers cannot pay interest directly to stablecoin holders, but can do so indirectly through activity rewards offered by partners.
Europe requires stablecoins to place 30% or 60% of their reserves in banks.
In 2017, China’s central bank required payment institutions to deposit a proportion of customer reserve funds into designated accounts, with no interest paid on the deposited funds for the time being.
China moved to centralized custody of 100% of customer reserve funds.
The author argues that stablecoin activities can be split into two long-established businesses: payments and yield spreads.
Wang Qi’s view: Taiwan is an AI island, yet AI is on the verge of wiping out its media. What has the government done?
Published ・ Source Taiwan | 風傳媒
In a commentary published by 聚傳媒, veteran media professional Wang Qi notes that Taiwan has benefited from the AI supply chain, with its 2026 GDP growth forecast revised upward to 9.64% and the TAIEX projected to reach 60,000. But the media industry has been hit hard by successive waves of AI and the internet, losing advertising revenue as trust falls to 25%. The government, however, has yet to advance legislation requiring international platforms to share revenue.
Facts
Taiwan’s Directorate-General of Budget, Accounting and Statistics sharply revised its 2026 real GDP growth forecast upward to 9.64%
The TAIEX has climbed from 20,000 to above 40,000, and surged nearly 60% in the first half of 2026 alone
Pope Leo XIV publicly warned on Sept. 28 that AI could destroy the world and singled out Jensen Huang for criticism over his contradictory stance
Trump convened 7 tech giants at the White House to jointly sign the “White House Compact on Superintelligence” (a kind of AI constitution)
Organic search traffic to information websites fell 55% between 2022 and 2025
Lai Hsiang-wei’s view: The value of human civilization—looking back at poet-sage Du Fu, whose younger son starved to death and whose eldest son, driven by hunger, turned against him
Published ・ Source Taiwan | 風傳媒
In a feature published by 禾流論壇, Lai Hsiang-wei, a professor at the National Taiwan University of Arts, reflects on the extreme poverty of poet-sage Du Fu: his younger son starved to death, his eldest son turned against him out of hunger, and Du Fu himself eventually died of illness at the age of 58.
Facts
Du Fu’s father, Du Xian, died in 740 CE, when Du Fu was 29, leaving the Du family without a source of income
When Du Fu’s father, Du Xian, served as an official, his income was about 11 times that of farmers at the time
The An Lushan Rebellion broke out at the end of 755 CE
In 760 CE, at the age of 48, Du Fu wrote a poem seeking help from the governor of Pengzhou
In 761 CE, at the age of 49, Du Fu wrote “A Collection of a Hundred Worries,” describing how his eldest son, Du Zongwen, became angry with him because of hunger
Opinion: A referendum to overturn a constitutional court ruling—is this madness?
Published ・ Source Taiwan | 風傳媒
This letter criticizes KMT Legislator Weng Hsiao-ling’s proposal to amend the Referendum Act in an attempt to use a referendum to overturn Constitutional Court rulings. Citing Judicial Interpretation No. 499 and the U.S. Dred Scott case, it argues that fundamental constitutional principles such as the separation of powers must not be shaken and calls for replacing constitution-destroying confrontation with a change of government through elections.
Facts
At the start of the Legislative Yuan’s new session, KMT Legislator Weng Hsiao-ling reportedly proposed amendments to the Referendum Act that would allow a referendum to overturn Constitutional Court rulings.
The DPP camp denounced the proposal as an act that would undermine the Constitution and throw governance into chaos.
Judicial Yuan Interpretation No. 499 states that provisions of fundamental importance to the Constitution cannot be changed through constitutional amendments.
The U.S. Dred Scott v. Sandford case, in which slavery was protected by the Constitution, ultimately helped trigger the Civil War and led to the Thirteenth, Fourteenth and Fifteenth Amendments.
The author argues that the only viable path is for the opposition to build its strength and achieve a change of government through elections, thereby lawfully gaining the power to nominate grand justices.
The author criticized Weng Hsiao-ling’s record of proposing highly controversial constitutional bills during her tenure as being too numerous to recount.
Opinion: When Drug Policy Becomes an Election Battleground—The Academic Divide and Democratic Distraction Behind the Controversy Over Shen Po-yang’s Old Writing
Published ・ Source Taiwan | 風傳媒
Shen Po-yang, the DPP’s Taipei mayoral candidate, has come under attack from the KMT, which has dug up a drug policy column he published under the pen name “Puma” ten years ago. The controversy highlights the divide between academic harm-reduction theory and ordinary people’s concerns about public safety.
Facts
The KMT camp has dug up and scrutinized columns Shen Po-yang published under the pen name “Puma” ten years ago.
The arguments in Shen Po-yang’s 2014 article were based on introducing the “harm reduction model” and “labeling theory.”
Taiwan has promoted clean needle exchanges and oral methadone replacement therapy since 2005.
Shen Po-yang once sharply criticized drug screening at New Taipei City schools as “disgusting.”
Tens of thousands of comments flooded Chiang Wan-an’s Facebook page.
Shen Po-yang has now proposed 4 anti-drug measures, including “introducing screening.”
Opinion: Taiwan Needs Not More Health Slogans, but a System That Can Change the Food Environment
Published ・ Source Taiwan | 風傳媒
The author argues that Taiwan should look to Singapore’s Nutri-Grade system and establish a nutrition grading system in stages, covering bubble tea and foods high in sodium and fat. The author stresses an integrated approach to labeling, advertising, platform responsibility and local healthy environments.
Facts
Singapore’s Nutri-Grade system translates complex sugar and fat values into grades A to D.
A nutrition grading system for beverages and foods high in sodium and fat will be introduced in stages from ROC 116 to ROC 121.
In ROC 116, establish a baseline, regulations and a pilot system.
From ROC 117 to ROC 119, gradually roll out the system for packaged beverages, bubble tea and delivery channels.
From ROC 120 to ROC 121, expand the system to foods high in sodium and saturated fat, and review advertising rules for Grade D products.
Products containing ingredients such as aspartame and steviol glycosides will receive a maximum grade of B, even if their total sugar content is below 1 gram per 100 milliliters.
Grading will follow the principle of “dual assessment, taking the lower grade”: a product rated A for sugar but C for saturated fat will be graded C.
The policy should gradually expand to 23 categories of prepackaged foods high in sodium and saturated fat.
A Piece of Frozen Stone—A Civilizational Dream in a Miniature Labyrinth: Excerpt from Luo Yi-chun’s Novel Little House
Published ・ Source Taiwan | 風傳媒
This is an excerpt from Luo Yi-chun’s latest novel, Little House, titled “A Piece of Frozen Stone—A Civilizational Dream in a Miniature Labyrinth.” Set in Taipei during the Cold War, it depicts the inner worlds of intellectuals such as Xu Shoushang, Qiao Dazhuang and Tai Jingnong, who retreat under political repression into the miniature world of seal stones. Through the account of Old Wu, who runs a Shoushan stone shop in Fuzhou, it also offers a delicate portrayal of the beauty and identification of various Shoushan stones, including Duling, Furong, Qijiang, Wenyang, Yuewei Green and Nigu Lou. Ultimately, “lamp-lit frozen stone” symbolizes the last glimmer of light remaining in the hearts of writers who have endured hardship.
Facts
Ten years, twenty years, thirty years, forty years, half a century
So he devoured hundreds of tons at a time.
Actually, a lot has come out over the past ten years.
In less than a year, he lost everything.
Let it sit like this for a year, then unwrap it.
Why this old man, with his crooked eyes and mouth and pained expression, from more than a hundred years ago
Wells Fargo bullish on Muse’s potential; sets Meta price target at $1,000, sees 35% upside
Published ・ Source Taiwan | 鉅亨網
富國銀行 analyst Ken Gawrelski is bullish on the potential of Meta’s AI assistant Muse and raised his price target to $1,000, the highest among analysts tracked by FactSet, with expected upside of about 35%.
Facts
富國銀行 analyst Ken Gawrelski raised the price target for Meta from $796 to $1,000.
The $1,000 price target is the highest among analysts tracked by FactSet.
The new price target implies about 35% upside for Meta shares.
Oil shipments through Hormuz are returning, but not the kind the world needs most
Published ・ Source Taiwan | 鉅亨網
Oil shipments through the Strait of Hormuz are gradually resuming, with crude averaging 10.3 million barrels per day over 7 days, or 76% of the prewar baseline. Refined products, however, are at just 1.3 million barrels, or 11%, worsening the global diesel shortage. U.S. diesel prices have hit a record high.
Facts
Crude shipped through the Strait of Hormuz averaged 10.3 million barrels per day over 7 days, equivalent to 76% of the prewar baseline.
Shipments of refined products through the Strait of Hormuz totaled only 1.3 million barrels per day, accounting for 11% of total oil shipments.
Before the war, refined products typically accounted for more than 20% of oil shipments through the Strait of Hormuz.
Late last month, the U.S. national average diesel price rose to a record $6.53 per gallon.
Diesel in California reached $8.44 per gallon, also setting a record.
Trump paused collection of the 24.4-cent-per-gallon federal diesel tax through the end of the year and allowed highway vehicles to use tax-exempt dyed diesel intended for agricultural use.
The G7 agreed to release 100 million barrels of crude and fuel from emergency reserves and decided not to restrict exports of diesel or other petroleum products.
Saudi Arabia’s oil exports reached 7 million barrels per day in September, twice the August level.
Marvell surges 5.8% as strong targets and AI narrative win Wall Street’s approval
Published ・ Source Taiwan | 鉅亨網
Marvell Technology set a revenue target of about $80 billion for fiscal 2031, sending its shares up 5.8% on the 6th. Analysts at Morningstar, Stifel and Seaport endorsed its AI narrative. The stock is up 226% so far this year.
Facts
Marvell shares surged 5.8% on Tuesday (the 6th).
Marvell expects revenue to reach about $80 billion by fiscal 2031.
Marvell expects custom AI accelerators and related products to generate $12 billion in revenue by fiscal 2029.
At the end of August this year, Marvell forecast $10 billion in revenue from custom AI accelerators.
Marvell’s $80 billion revenue target is based on the company’s analysis of “design wins already secured.”
Marvell shares have risen 226% this year, ranking sixth among S&P 500 constituents.
Gold rose on Tuesday (the 6th), mainly as the rise in Treasury yields paused and the dollar weakened. Spot gold was at $4,168.33 per ounce, while futures settled at $4,187.10. Investors are awaiting the Federal Reserve’s September FOMC meeting minutes. CME FedWatch shows only a 22% chance of a rate hike this month.
Facts
Spot gold rose 0.7% to $4,168.33 per ounce.
U.S. gold futures settled up 0.7% at $4,187.10 per ounce.
The U.S. 10-year Treasury yield edged lower after rising to a more than 20-year high on Monday
The CME FedWatch Tool shows traders see only a 22% chance of a Fed rate hike this month
The probability of a rate hike in December stands at 84%
The biggest fear is not high inflation! Institutions: This is what hurts Treasuries most; real returns on 10-year bonds could plunge 11.7%
Published ・ Source Taiwan | 鉅亨網
The 彭博 U.S. Treasury Index fell about 2.2% in September, while the 10-year Treasury yield rose 53 basis points for the month to about 5.25%. A report from Man Group said rapidly accelerating inflation poses a major threat to Treasuries. 摩根大通 remains cautious, while Pimco has turned more positive on longer-dated Treasuries.
Facts
The 彭博 U.S. Treasury Index fell about 2.2% in September, its worst monthly performance since October 2024
The 10-year Treasury yield rose 53 basis points for the month
The 10-year Treasury yield is about 5.25% and the 30-year yield about 5.65%, both near their highest levels since 2002
When inflation rapidly rises above 4%, the annualized real return on 10-year Treasuries is negative 11.7%
摩根大通's model shows that 10-year bond valuations returned to fair value for the first time in six months
摩根大通 is not ready to enter the market yet and is waiting for a clearer buy signal
Pimco favors 5-to-7-year Treasuries and has adopted a more positive stance on longer-dated bonds
Pimco Chief Investment Officer Dan Ivascyn said long-bond yields above 5% are prompting the firm to reduce its underweight position
〈New York FX Market〉 Dollar weakens, euro rebounds as pressure from Treasury selloff eases
Published ・ Source Taiwan | 鉅亨網
The dollar weakened on Tuesday (6th) from a near 18-month high, with the DXY down 0.3% at 101.86; the euro rebounded 0.3% to $1.1259, lifted by French far-right leader Le Pen's pledge to cut spending and positive remarks from ECB officials.
Facts
The U.S. Dollar Index (DXY) fell 0.3% to 101.86, retreating from a near 18-month high
The euro rose 0.3% against the dollar to $1.1259
France's fiscal deficit is forecast to reach 5.4% of GDP this year, while public debt is nearing 120% of GDP
The French government plans to cut 54 billion euros (about $60.79 billion) in government spending to bring the deficit to 5% of GDP
The 10-year U.S. Treasury yield fell 3.5 basis points to close at 5.278%, while the 30-year yield closed at 5.661%
Original法國將於明年4月與5月舉行兩輪總統大選
ECB Chief Economist Philip Lane said European energy prices have not yet triggered strong second-round inflation effects
S&P 500 hits record high; 25 stocks have surged more than 100% this year, with SanDisk leading at 608%
Published ・ Source Taiwan | 鉅亨網
The S&P 500 hit an intraday record on October 6, 2026, nearing 7,830 points. Seeking Alpha data show that 25 index constituents have doubled this year, led by SanDisk at 608.3%, with memory, semiconductor, energy and cybersecurity stocks among the leading groups.
Facts
The S&P 500 hit an intraday record on October 6, 2026, setting a new high for the first time since August 13. It rose about 0.7% that day and briefly neared 7,830 points.
SanDisk (SNDK) has gained 608.3% year to date, leading the gainers.
Moderna (MRNA) has surged 582.2% year to date, ranking second; Dell Technologies (DELL) ranks third with a 360.4% gain.
美光科技 (MU) has gained 274.2% year to date, Marvell Technology (MRVL) has risen 242.6%, 英特爾 (INTC) has gained 210.8%, and 超微半導體 (AMD) has risen 204.3%.
Among cybersecurity and enterprise software stocks, CrowdStrike (CRWD) has gained 140.3%, Fortinet (FTNT) 138.5%, Palo Alto Networks (PANW) 128.9%, Datadog (DDOG) 105.1%, and Twilio (TWLO) 102.1%.
Other companies joining the list of stocks that have doubled include Western Digital (WDC), up 140.5%; Teradyne (TER), 124.1%; Everpure (P), 119.9%; Illumina (ILMN), 116.5%; and Applied Materials (AMAT), 106.7%.
Index nears record while most constituents lag; 高盛 warns: The S&P 500 is distorted
Published ・ Source Taiwan | 鉅亨網
高盛 derivatives strategist Brian Garrett warned that the S&P 500 no longer offers balanced pricing of U.S. market risk. The median decline among constituents from their 252-day highs is about 17%, yet the index is just 0.3% below its August closing record, while the combined market capitalization of the Magnificent Seven is nearing a record $25 trillion.
Facts
The median decline in S&P 500 constituent share prices from their respective 252-trading-day highs is about 17%
At Monday's close, the S&P 500 was just 0.3% below the latest closing record set in August
The Magnificent Seven's combined market capitalization neared $25 trillion at Monday's close, setting a record high
高盛 strategist Brian Garrett said the S&P 500 no longer appears to offer balanced pricing of U.S. market risk
10 of the S&P 500's 11 sectors closed higher on Monday, marking the second consecutive trading day this has happened
The last time at least 10 S&P 500 sectors closed higher for 2 consecutive trading days was April 14, 2025
The number of stocks trading with negative beta to the S&P 500 has recently surged to a record high
Russia may have plague case; Trump says he will speak with Putin soon and could provide details as early as tomorrow
Published ・ Source Taiwan | 鉅亨網
U.S. President Trump said on the 6th that he would speak with Russian President Putin to discuss reports that employees at a plague research institute in Irkutsk, Siberia, Russia, may have died after exposure to plague bacteria.
Facts
U.S. President Trump said on Tuesday (6th) that he had arranged a call with Russian President Putin
A 28-year-old laboratory employee at a plague research institute in Russia's Irkutsk region of Siberia died of severe pneumonia last week
Nearly 200 contacts have consequently been placed under observation
Unverified local media reports said the researcher may have been exposed to the bacteria that cause plague after breaking a test tube
U.S. Secretary of State Rubio urged Russia to release more information about the case and be transparent
The U.S. Embassy in Russia issued a statement on Tuesday reiterating that U.S. citizens should not travel to Russia
The U.S. Centers for Disease Control and Prevention (CDC) said on social media that it is closely monitoring reports related to the matter
〈After-hours U.S. stocks〉 S&P tops 7,800 for the first time; tech stocks lead as yields retreat
Published ・ Source Taiwan | 鉅亨網
U.S. stocks closed higher across the board on Tuesday (6th), with the S&P 500 closing above 7,800 for the first time. The Magnificent Seven led gains, while AI investment enthusiasm and retreating yields lifted the broader market. Investors are awaiting the start of third-quarter earnings season.
Facts
The S&P 500 closed above 7,800 for the first time, and it and the Nasdaq both set record closing highs
6 of the Magnificent Seven companies rose, providing a further lift to the broader market
Capital goods imports rose 4.4% in August, reflecting spending on AI-related infrastructure
The market sees just a 19.4% chance of another Fed rate hike this month, down from 50.9% a week ago
The U.S. 10-year Treasury yield fell 3 basis points to 5.281%, while the 30-year yield stood at 5.655%
邁威爾 raised its revenue forecast for fiscal 2028 to about $20 billion and announced a fiscal 2031 revenue target
Tech stocks face the highest bubble risk; BofA offers a strategy for investors afraid of missing the rally
Published ・ Source Taiwan | 鉅亨網
BofA Securities strategists said in a report published Tuesday (6th) that the Nasdaq 100's rally is concentrated in a handful of AI stocks and shows bubble-like characteristics. They recommended participating in the rally through a call spread strategy on the Invesco QQQ Trust ETF.
Facts
BofA Securities strategists said investors seeking to capture the Nasdaq 100's gains while avoiding the impact of a potential bubble can still participate in the rally through equity derivatives.
The Nasdaq 100’s rally is driven by only a handful of AI-related stocks, a typical sign of a bubble.
Bank of America strategists Goyal, Prasad and Bae published a research report on Tuesday (6).
Bank of America recommends buying call options on the Invesco QQQ Trust ETF (QQQ-US) and favors a QQQ call spread strategy.
Bank of America ranked bubble risks across 32 asset classes and industries, with U.S. technology stocks posting the highest “bubble risk indicator” reading.
Oil, health care and the South Korean stock market also ranked near the top for bubble risk.
South Korean stocks are dominated mainly by the 2 technology companies SK海力士 and 三星電子.
Bullish options positions can be funded by selling downside protection on the Nasdaq 100 and collecting premiums.
Companies mentioned：美銀證券（Bank of America）、景順（Invesco）、SK海力士、三星電子
輝達’s strength masks “a whole lot of pain” in U.S. stocks, Rosenberg warns: market cracks are widening
Published ・ Source Taiwan | 鉅亨網
Rosenberg Research founder Rosenberg warned that the strength of AI megacaps such as 輝達 is masking broad weakness in U.S. stocks. Although the S&P 500 is nearing a record high, about 38% of its constituents are down more than 20% from their 52-week highs.
Facts
Rosenberg warned that the strength of AI-related megacaps such as 輝達 is masking “a whole lot of pain” across the broader market.
The average S&P 500 stock is about 20% below its 52-week high, while the median stock is down about 17%.
In September, the market-cap-weighted S&P 500 rose 0.2%, while the equal-weighted index fell 4.4%.
輝達’s market capitalization is nearing $6 trillion, and its weighting alone exceeds the combined weighting of the 256 smallest companies in the S&P 500.
About 40% of the S&P 500’s weighting is concentrated in the 10 largest companies, which have gained 13.6% this year; excluding the top 10 stocks and semiconductors, the index is up just 5.2%.
About 38% of S&P 500 constituents are down more than 20% from their 52-week highs, while about half of the Russell 3000’s constituents have entered bear market territory.
Rosenberg believes the biggest risk to the AI trade is that the market may question whether returns on massive capital spending will materialize.
Rosenberg noted that the S&P 500’s Shiller price-to-earnings ratio (CAPE) is nearing 40 times, in an extremely overvalued range.
〈Energy Close〉Bulls and bears in a tug-of-war! Saudi exports surge, G7 reserve release weighs on prices, but Middle East conflict still supports oil
Published ・ Source Taiwan | 鉅亨網
International oil prices held steady on Tuesday amid opposing pressures, with Brent settling at $100.58 a barrel. A sharp rebound in Saudi crude exports and the G7’s agreement to release 100 million barrels from strategic reserves eased supply concerns, but conflict in the Middle East and the Russia-Ukraine war continued to support prices.
Facts
Brent crude futures settled up 26 cents, or 0.3%, at $100.58 a barrel on Tuesday; WTI futures rose 1 cent to $89.44 a barrel.
The Vitol chief executive said that about 12 million barrels of crude oil and 2 million barrels of refined products had been shipped by tanker from the Middle East each day over the past 7 to 10 days.
Saudi crude exports in September rose by about 4.2 million barrels per day from August, reaching 6.6 million barrels per day.
G7 members agreed last Friday to release 100 million barrels of emergency diesel and crude oil reserves and pledged to avoid imposing energy export restrictions.
The EIA expects global oil production to fall from 106.3 million barrels per day in 2025 to 101.1 million barrels per day in 2026; demand is projected to decline from 104.4 million barrels per day in 2025 to 102.4 million barrels per day in 2026.
In September, flows of crude oil and condensate from the Middle East recovered to 91% of prewar levels, but exports of refined fuels, including liquefied petroleum gas, recovered to only about 60% of prewar levels.
Analysts estimate that U.S. crude inventories rose by about 1.8 million barrels in the week ended October 2, which would mark the first 3 consecutive weeks of increases since August.
The U.S. National Hurricane Center said the chance of a cyclone forming within the next 7 days is 100%.
〈Taiwan Stocks: Pre-Market Briefing〉蘇姿丰 visits Taiwan as AMD expands investment; Taiwan stocks hit another high, but foreign investors turn sellers
Published ・ Source Taiwan | 鉅亨網
The summary of this item is not shown
Facts
AMD Chair and CEO 蘇姿丰 visited Taiwan on October 6 and announced plans to further increase investment in Taiwan. The company expects to significantly increase CPU supply in 2027 and extend capacity planning with key supply-chain partners from the previous 1 to 2 years to 3 to 5 years.
Taiwan stocks hit an intraday high of 49,968 points on October 6 and closed up 110 points at 49,822, a record closing high.
台塑汽車 unveiled a new-generation DAF heavy-duty truck in Taichung on October 6. Dutch DAF heavy trucks have sold a cumulative 15,000 units in Taiwan over 20 years. The company plans to bring in new-energy heavy trucks for trial operations in 2027 and for domestic sales in 2029.
儒鴻 (1476-TW) Chair 王樹文 said on October 6 that fourth-quarter performance would surpass the third quarter, full-year revenue and profit were expected to hit records, year-over-year growth in the first quarter of next year was expected to remain positive, and overall order visibility had reached the second quarter.
【袁志峰 Column】Hong Kong stock turnover remains thin as market awaits A-share reopening
Published ・ Source Taiwan | 鉅亨網
袁志峰’s column notes that the Hang Seng Index closed at 24,280 points on Tuesday, up 1.0%, with turnover below 100 billion yuan for 2 consecutive days, and recommends that long-term investors increase their positions. The column recommends 舜宇光學 (2382) with a target price of $70.5; it also says DeepSeek’s latest funding round, worth at least RMB 80 billion, is being led by 寧德時代 and 騰訊.
Hong Kong stock turnover has been below 100 billion yuan for 2 consecutive days. Valuations are low, and long-term investors are advised to moderately increase their positions.
The Hang Seng Index closed at 24,280 points on Tuesday, up 240 points, or 1.0%.
Turnover on Tuesday was about 98.3 billion yuan, compared with an average daily turnover of 201.6 billion yuan in September.
DeepSeek is reportedly close to completing a new funding round worth at least RMB 80 billion.
寧德時代 (3750) and 騰訊 (700) are leading DeepSeek’s latest funding round.
Trump changes tune, praising strong dollar as sign of U.S. strength and a way to curb inflation
Published ・ Source Taiwan | 鉅亨網
U.S. President Trump changed his tune on Tuesday (6), calling the dollar “very strong” and saying a strong dollar symbolizes a healthy U.S. economy and can also curb inflation. His remarks sharply contrasted with his past complaints that the dollar was too strong and his argument that a weaker dollar benefits exports. The comments come as the midterm elections approach.
Facts
U.S. President Trump said on Tuesday (6) that the United States currently has “a very strong dollar.”
Trump has said in the past that a weak dollar can actually make more money.
Trump has recently mounted a vigorous defense of his administration’s record as the midterm elections draw near.
Trump claimed the United States is experiencing “the greatest economy ever.”
French students say they have “the right to be angry,” put forward 10 demands as teachers and parents show support
Published ・ Source Taiwan | 中央社 CNA
French high school students, dissatisfied with inadequate educational resources, staged nationwide demonstrations and put forward 10 demands, including renovating school buildings, hiring more education and counseling staff, and ending the screening system used by the university application platform Parcoursup. A student union said at least 450,000 people took part nationwide, while the Interior Ministry put the figure at about 256,000. The Paris demonstration was largely peaceful, but clashes between police and protesters broke out near Place de la Nation, the endpoint. Police used anti-riot grenades and tear gas. Nationwide, 488 people were arrested and 43 law enforcement officers were injured. Teachers, parents and university students joined in support. The demands included improving teacher pay, reducing class sizes, ending police violence and scrapping differential registration fees for foreign students. The education minister promised to respond within a week to the shortage of substitute teachers.
Facts
At least 450,000 people took part in demonstrations nationwide.
About 100,000 people in Paris
About 256,000 people marched nationwide
About 56,000 people in Paris
A Marianne statue standing as high as 25 meters
When a teacher is absent for less than 2 weeks, a substitute is often not provided.
Pelosi meets Tsai Ing-wen: Congress's commitment to the people of Taiwan and their freedom is unwavering
Published ・ Source Taiwan | 中央社 CNA
Former President Tsai Ing-wen visited San Francisco and met with former U.S. House Speaker Nancy Pelosi. In a social media post, Pelosi called Tsai a “brave defender of democracy” and a “cherished friend of the United States,” and stressed that Congress's commitment to the people of Taiwan and their freedom is unwavering. Tsai presented a green scarf designed by Taiwanese designer 簡君嫄's brand C JEAN. She will later attend the “2026 Technology and National Security Conference,” hosted by Stanford University and Stanford DEFCON.
Facts
Pelosi visited Taiwan in August 2022
Became the first U.S. House speaker to visit Taiwan in 25 years
Vice President Hsiao Bi-khim's outfit at a diplomatic welcome reception in May 2024
The “2026 Technology and National Security Conference,” hosted by Stanford University and Stanford DEFCON
Trump considers permanent U.S. military base in Lithuania; Russia warns tensions will escalate
Published ・ Source Taiwan | 中央社 CNA
U.S. President Donald Trump said he would consider establishing a permanent U.S. military base in Lithuania. The Lithuanian prime minister and defense minister welcomed the idea and said the country was willing to cover the costs, while parliament moved to amend the constitution to lift a ban on deploying nuclear weapons. The Kremlin warned that the move would escalate tensions and said it would take necessary measures to ensure its own security.
Facts
The U.S. military has deployed battalion-sized forces in Lithuania on a rotational basis since 2019
Each rotation typically comprises about 1,000 personnel
2 U.S. Army battalions are expected to arrive in Lithuania at the end of October
Lithuania's parliament passed the first reading of a constitutional amendment on the 6th
Cristiano Ronaldo apologizes for leaving without permission, says he is willing to return to Portugal's national team
Published ・ Source Taiwan | 中央社 CNA
Portuguese soccer star Cristiano Ronaldo publicly said he was willing to return to the 葡萄牙國家足球隊 and apologized to his teammates and fans for leaving without permission recently. He also accused head coach Roberto Martínez of breaking promises twice, stressed that he would leave if he felt he was not helping the team, and said he was willing to accept a suspension from the Portuguese Football Federation (FPF).
Facts
Martínez suddenly asked him whether he could play for 30 minutes
U.S. stocks close higher as tech shares extend gains and Treasury yields retreat
Published ・ Source Taiwan | 中央社 CNA
U.S. Treasury yields retreated, while optimism about the AI outlook propelled technology stocks higher. Wall Street's three major indexes and the Philadelphia Semiconductor Index all closed higher on the 6th. The Dow Jones Industrial Average rose 253.38 points, or 0.49%, the S&P 500 edged up 44.98 points, or 0.58%, the Nasdaq Composite gained 122.48 points, or 0.45%, and the Philadelphia Semiconductor Index added 45.09 points, or 0.34%.
Facts
The Dow Jones Industrial Average rose 253.38 points, or 0.49%
Closed at 51521.28 points
The S&P 500 edged up 44.98 points, or 0.58%
Closed at 7818.93 points
The Nasdaq Composite gained 122.48 points, or 0.45%
Closed at 27599.79 points
The Philadelphia Semiconductor Index edged up 45.09 points, or 0.34%
Taiwan Railways overhead line fault between Jinlun and Longxi; repairs expected to be completed by 6 a.m.
Published ・ Source Taiwan | 中央社 CNA
An overhead line fault occurred last night between Jinlun and Longxi on Taiwan Railways' South-Link Line, disrupting some train services. Repair work is underway, with services expected to return to normal by 6 a.m. today.
Facts
At 8:16 p.m. last night, Taiwan Railways train 432 spotted sparks from the overhead line while passing through Dazhu No. 2 Tunnel between Jinlun and Longxi
Found 2 abnormal catenary support structures at K62
Affected trains included 323, 434, 167 and 327, for a total of 4 services
A 50-meter section of overhead line was damaged
15 cantilever assemblies
22 suspension wire assemblies
A Level 1 emergency response team was established at 9:50 p.m. last night
Repairs are scheduled to be completed by 6 a.m. today
To obtain a refund, present the ticket at a station ticket window within one year of the date of travel
China suspected of surveilling President Lai's son in U.S.; Pence says Beijing is America's greatest threat
Published ・ Source Taiwan | 中央社 CNA
34-year-old Zhang Wanying is suspected of acting on the Chinese government's instructions to surveil President Lai Ching-te's son, Lai Ting-yu, and his family in the United States. She was arrested by the FBI and detained on the 4th at Los Angeles International Airport as she prepared to depart for China. Former U.S. Vice President Mike Pence wrote on X that China is the greatest economic and strategic threat facing the United States in the 21st century, and shared a Wall Street Journal editorial. The editorial said the case was only the tip of the iceberg of China's espionage activities in the United States and questioned how Beijing dared to surveil the family of Taiwan's president on U.S. soil.
Facts
34-year-old Wanying Zhang was arrested by the 聯邦調查局（FBI） on the 4th as she prepared to leave for China at Los Angeles International Airport
Was arrested by the 聯邦調查局（FBI） on the 4th at Los Angeles International Airport as she prepared to leave for China
China is the greatest economic and strategic threat facing the United States in the 21st century
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Companies mentioned：聯邦調查局（FBI）、華爾街日報（The Wall Street Journal）、X
No sign of easing in Middle East war; international oil prices edge higher
Published ・ Source Taiwan | 中央社 CNA
As the Middle East war entered its 8th month, oil industry executives warned that countries were running out of measures to cope. International oil prices edged higher on the 6th. U.S. West Texas Intermediate crude for November delivery settled at $89.44 a barrel, while December Brent crude settled at $100.58 a barrel.
Expanding beyond U.S. markets, Canadian Prime Minister Carney to visit Turkey
Published ・ Source Taiwan | 中央社 CNA
Canadian Prime Minister Mark Carney will visit Turkey from October 21 to 23 and meet Turkish President Recep Tayyip Erdoğan. It will be the first dedicated bilateral visit to Turkey by a Canadian prime minister. After talks with Canada's largest trading partner, the United States, broke down, Carney has actively sought to expand markets beyond the U.S., vowing to increase trade with countries outside the United States by 1 times over the next 10 years. He is also promoting cooperation with Turkey in energy, minerals, climate, defense and security. Turkey has joined Carney's proposed Defense, Security and Resilience Bank (DSRB) as one of its 10 founding members.
Facts
Carney (Mark Carney) will visit Turkey from October 21 to 23 and meet Turkish President Erdoğan
Aims to increase Canada's trade with countries outside the United States by 1 times over the next 10 years
Became one of the 10 founding members of this multilateral “middle-power” bank
Carney and Erdoğan formally launched free trade agreement negotiations during the NATO annual leaders’ summit in July
after Canada’s trade negotiations with its largest trading partner, the United States, broke down in August
Companies mentioned：加拿大總理辦公室、路透社、Defence, Security and Resilience Bank (DSRB)、北大西洋公約組織 (NATO)
The reality of attending academic conferences with children when no childcare is available…
Published ・ Source Japan | m3.com
An article for doctors on m3.com’s Docpedia LIFESTYLE, available exclusively to physician members, about the realities of attending academic conferences with children when no childcare service is available.
東大寺学園, one of the Kansai Big Three boys’ schools, will mark its 100th anniversary in 2026. It began as a temple-school-style institution on the grounds of 東大寺, and Buddhist studies have been deeply rooted in its 100-year history. Students maintain a comfortable distance from religion, but the depth of that history supports the school’s “freedom.”
Facts
2026 marks exactly 100 years since the school was founded.
Are you sure you’re diversified? Check your investment trust portfolio for “the illusion of diversification”!
Published ・ Source Japan | m3.com
Investment trust holders often say they invest in the S&P 500 or regularly buy an all-country equity index fund. This explanatory article breaks down the indexes to examine which countries and companies the funds actually invest in and in what proportions, and to check whether “the illusion of diversification” really amounts to diversification.
Content exclusively for m3.com physician members. An introduction to a series of articles on Docpedia LIFESTYLE in which experts and physicians answer questions about careers and lifestyles.
[Manga] A call forwarded from your alma mater! Who was the voice on the other end?
Published ・ Source Japan | m3.com
A manga depicting an episode in which a doctor in residency receives a call from their alma mater while working at a hospital far from home, only to discover that it was not a former mentor or friend as expected, but someone completely unexpected.