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The global market seems to have boarded a roller coaster, with violent ups and downs shaking the nerves of every investor. On one side, the stock markets in Europe and America are collectively diving, with the stock prices of tech giants falling endlessly, and the digital currency market is in a state of despair, with cries of agony echoing one after another. On the other side, Chinese assets are rising against the trend, with Chinese concept stocks "fully revived," attracting the attention of Wall Street giants. Is this scene of ice and fire a fleeting phenomenon or a harbinger of profound changes in the global financial landscape?

On October 1st, the U.S. stock market ushered in a "Black Friday." The Dow Jones Index, the S&P 500 Index, and the Nasdaq Composite Index were hit like a heavy hammer, falling all the way, with declines of 4.1%, 9.3%, and 15.3%, respectively. The once dazzling tech giants were also unable to escape their fate. Apple's stock price, like an apple bitten by a bite, fell by as much as 29.1%, and Microsoft, Amazon, and others also closed down. The chip stocks were also in a state of despair, with chip giants like Nvidia and Intel falling by more than 3%, as if they were hit back to their original form overnight.

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The European stock market was also not immune. The German DAX Index and the French CAC 40 Index fell like dominoes, with declines of 5.8% and 8.1%, respectively. The once prosperous European market is now also filled with a lingering gloom.

The digital currency market has experienced a "bloodbath," with the price of Bitcoin once falling below the $60,000 mark, almost halving from its historical high. Countless investors are in tears, and other digital currencies like Ethereum were also not immune, with declines of more than 5%. Data from C shows that in just 24 hours, more than 150,000 people's positions were liquidated, and countless people's dreams of wealth were shattered in an instant.

At a time when the global market is in a state of despair, Chinese assets are rising against the trend, showing strong resilience and vitality. The Nasdaq China Golden Dragon Index, like the rising sun, has risen by more than 5%, becoming a bright spot in the global market.

Represented by popular Chinese concept stocks such as Beike, Bilibili, and Futu Holdings, the rise is pleasing, with gains of more than 10%. Once undervalued Chinese Internet companies are now regaining vitality and attracting the attention of global investors.

The strong performance of Chinese assets is naturally inseparable from the protection of policies. In recent years, the Chinese government has continuously introduced policy measures to support the development of the real economy, optimize the business environment, and inject strong momentum into the capital market.The fundamental stability and positive trend of China's economy have also provided a solid support for Chinese assets. China possesses the most complete industrial chains globally, a vast consumer market, and continuously improving scientific and technological innovation capabilities, all of which provide strong momentum for the long-term development of the Chinese economy.

The "counterattack" of Chinese assets has also attracted the attention of Wall Street giants. BlackRock, the world's largest asset management company, recently upgraded its rating on Chinese stocks from neutral to overweight, expressing optimism about the long-term investment value of Chinese stocks. Wall Street investment banks such as Goldman Sachs and Morgan Stanley have also published research reports, expressing optimism about China's economic growth prospects and advising investors to increase their holdings of Chinese assets.

Regarding the future trend of Chinese assets, there are also different voices in the market. Some investors worry that factors such as a slowdown in global economic growth and geopolitical risks may have a certain impact on the Chinese economy.

We must also recognize that China's economy is resilient, has great potential, and is full of vitality, with strong capabilities to withstand risks and overcome challenges. The Chinese government is also actively taking measures to respond to external challenges and promote high-quality economic development.