The Nasdaq rose more than 1%, with Tesla up about 6%. US bond yields hit a 16-year high, while oil prices fell sharply by 5.6%.

In September, the ADP "mini non-farm" employment in the United States saw the smallest increase since the beginning of 2021, which cooled market expectations for a rate hike by the Federal Reserve this year. The September ISM Services Index met expectations and caused a rebound in US bond yields after hitting bottom. The Dow Jones and small-cap stocks ended their three-day decline, but still recorded a cumulative decline for the year. Chinese concept stocks fell for three consecutive days to a three-month low, but new energy vehicles rose across the board. The two-year US Treasury yield fell by 11 basis points, while the long-term yield hit a 16-year high before falling by 8 basis points. The 30-year yield briefly rose above the 5% mark. Oil prices plunged by $5 to a five-week low and the largest drop in over a year, as weak demand caused US gasoline prices to fall by 6% to a five-month low. The US dollar retreated from its ten-month high, while the offshore renminbi rose more than 100 basis points and briefly broke through the 7.31 yuan level. Commodities continued to decline, with gold futures closing at a ten-month low, spot gold falling for eight consecutive days, silver falling by 2% at one point, palladium hitting a five-year low, and London copper hitting a nine-month low.