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Late night dive! What happened? The US government shutdown crisis is looming

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On September 26, local time, most European and American stock markets closed down, the US stock market fell, the three major indexes fell by more than 1%, and most Chinese stocks fell.

The analysis believes that there may be several reasons for the sharp decline in the US stock market. First, with less than a week to go before the start of the new fiscal year on October 1, the federal government is about to fall into the dilemma of the 22nd "shutdown" in its history. Second, the yield on the 10-year Treasury note has risen above 4.5%, a 16-year high, which has hit technology stocks particularly hard. Third, the US consumer confidence index fell to a four-month low in September due to the deteriorating economy and labor market.
According to CCTV news, in the early morning of September 27 local time, the Seoul Central District Court issued the results of the investigation on the need to arrest Lee Jae-myeong, the leader of the largest opposition Democratic Party, and decided to reject the prosecution's arrest application for Lee Jae-myeong. On the 26th local time, the Russian Ministry of Defense released a video of the Black Sea Fleet commander Viktor Sokolov attending a meeting of the Russian Ministry of Defense on the same day, and the officer was notified of his death in the news released by the Ukrainian special forces. An air raid sirens were sounded in the Ukrainian capital Kiev.
Most stocks fell amid Wall Street's decline
On September 26, local time, most European and American stock markets closed down. The three major indexes of the US stock market fell more than 1%, Wind data show that as of the close, the Dow fell 1.14%, the S&P 500 fell 1.47%, and the Nasdaq fell 1.57%.
Technology and bank stocks were lower. Apple fell 2.34%, Amazon 4.03%, Google 1.94%, Goldman Sachs 1.57%, Citi 1.96%, Bank of America 1.59% and Wells Fargo 2.19%.
The majority of China concept stocks fell, Bit deer fell 15.06%, energy chain technology fell 5.34%, 21Vianet fell 5.13%; In terms of growth, Huya Live rose 11.64%, Zhihu rose 9.41%, and good future rose 7.24%. China Concept new energy vehicle stocks were mixed, with NIO up 0.6%, Xiaopeng Automobile down 2.79% and Ideal Automobile down 1.56%.
Pharmaceutical company Immunovant bucked the trend and surged more than 97 percent, at one point rising more than 105 percent. The company is a clinical stage biopharmaceutical company dedicated to providing a normal life for patients with autoimmune diseases.
Europe's three major stock indexes closed mixed. Germany's DAX fell 0.97%, France's CAC40 fell 0.7% and Britain's FTSE 100 rose 0.02%.
In commodities, international oil prices closed higher. Light crude for November delivery rose 71 cents, or 0.79%, to settle at $90.39 a barrel on the New York Mercantile Exchange by the close. London Brent crude for November delivery rose 67 cents, or 0.72%, to settle at $93.96 a barrel.
Gold futures for December delivery fell 0.87% to settle at $1,919.80 an ounce on the New York Mercantile Exchange.
Us consumer confidence for September
Fell to a four-month low
Us consumer confidence fell to a four-month low in September as the economy and Labour market deteriorated. Data from the Conference Board on Tuesday showed its consumer confidence index fell to 103 this month from an upwardly revised 108.7 in August, below economists' median forecast of 105.5. The status quo indicator rose slightly to 147.1. The expectations gauge, which reflects consumers' outlook for the next six months, fell to 73.7, the lowest since May.
In addition, U.S. home prices rose for a sixth straight month as a limited supply of homes for sale sparked a scramble by buyers. The S&P CoreLogic Case-Shiller home price index rose 0.6% in July on a seasonally adjusted month-on-month basis. Mortgage rates hovering around 7% have made many homeowners reluctant to sell, leaving buyers scrambling for a limited supply. The number of homes for sale in August was down 7.9% from a year earlier, according to Realtor.com. "U.S. house prices continue to rise." Craig Lazzara, managing director of S&P Dow Jones Indices, said in a statement on Tuesday. Nationwide, house prices rose 1% in July from a year earlier. June was unchanged from a year earlier.
Sales of new homes in the United States fell to a five-month low in August as stubbornly high home prices and historically high mortgage rates took their toll on the housing market.
Purchases of new single-family homes fell 8.7 per cent in August to an annual rate of 675,000, Commerce Department data showed. The triple threat of tight supply, rising prices and historically high mortgage rates continues to weigh on new home sales. While builders have been offering incentives to try to offset some of these pressures, these growing challenges have kept many potential buyers away while forcing some others to pull out of deals.
The median sales price of a new home fell slightly to $430,300 in August, the report showed. Despite the decline, they remain well above pre-pandemic levels. The number of homes for sale, a measure of the backlog, also rose in August.
The budget is difficult to pass
A US government shutdown looms
According to CCTV news, at present, less than a week before the start of the new fiscal year in the United States on October 1, the two parties are engaged in a new round of fighting over the new fiscal year appropriations, and there are still obvious differences between the two sides. House Republicans recently introduced a short-term funding bill with a series of restrictions on the government. There is no consensus within the Republican Party, much less a chance of winning support from Democrats.
If the two parties cannot reach an agreement in the final days, the U.S. federal government will be plunged into the 22nd "shutdown" in history.
According to reports, the US Congress's comprehensive spending bill for the new fiscal year contains 12 appropriations programs to fund various government agencies, but the process of introducing the bill is time-consuming. As a result, Congress usually passes a stopgap funding bill first to keep government agencies running. But so far, none of the 12 sub-budget items in the new fiscal year budget, as well as various temporary budget bills, have passed Congress.
Within the Republican Party, hard-line conservatives are demanding deep cuts in federal spending and will not accept any stopgap budget bill, making it difficult to move forward with negotiations.
Korean court decision
Lee Jae-myung, the leader of the main opposition party, will not be arrested
In the early morning of September 27, local time, the Seoul Central District Court issued the results of the investigation on the need to arrest Lee Jae-myeong, the leader of the largest opposition Democratic Party, and decided to reject the prosecution's arrest application for Lee Jae-myeong. A judge at the Seoul Central District Court said, It is difficult to see the grounds and necessity of arresting a suspect for reasons such as the need to guarantee his right to defense and the possibility of destroying evidence.
Media pointed out that in the past two years, South Korean prosecutors have conducted more than 300 seizures and searches on Lee Jae-myeong's suspected real estate corruption cases, and mastered a large number of statements of people involved, and Lee Jae-myeong, as the current leader of the largest opposition party, accepted the investigation and trial requested by the prosecutors, and there is no possibility of escape, which is also one of the grounds for the court to reject the arrest warrant.
Ministry of Defense of Russia
Video of the Black Sea Fleet commander attending the meeting
On the 26th local time, the Russian Ministry of Defense released a video of the Black Sea Fleet commander Viktor Sokolov attending a meeting of the Russian Ministry of Defense on the same day.
Earlier, it was reported that the Ukrainian special forces released a message on the same day that the Ukrainian army launched a missile attack on the headquarters of the Russian Black Sea Fleet, including the Black Sea Fleet commander Viktor Sokolov, 34 Russian officers were killed, 105 people were injured, and the Black Sea Fleet headquarters building was seriously damaged.
Air raid sirens were sounded across Ukraine
On September 26, local time, the Ukrainian capital Kiev sounded an air defense alarm. Later, air defense sirens were sounded all over Ukraine.
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