The tweet was deleted by the author.
But we saved everything 🙂.
U.S. shutdown and Nvidia record: Market reaction to day key events
September 30 — the global agenda focused on the budget crisis in Washington, Nvidia’s record stock surge, Visa’s pilot program with stablecoins, and tense US-Taiwan negotiations over semiconductor production.
Top stories of the day
U.S. government shutdown. Congress failed to pass a temporary budget, and for the first time in seven years the federal government officially shut down. Government operations have been paralyzed, and about 750,000 federal employees were placed on forced unpaid leave. Economists warn that if the crisis lasts three weeks, the U.S. unemployment rate could rise to 4.7%, while the release of key macroeconomic data will be suspended.
Taiwan rejects U.S. demand. Taipei refused to support Washington’s proposal to shift up to 50% of chip production to the US. Vice Premier Cheng Li-chiun stated that this condition was never discussed in negotiations and is solely an American initiative. Taiwan intends to focus on tariff-related investigations, while the US continues to voice concerns over excessive dependence on semiconductor supplies from the island.
Nvidia record. The company’s stock reached an all-time high of $184, with its market capitalization rising to $4.5 trillion. Analysts at KeyBanc and Barclays raised their price targets to $250 and $240 respectively, betting on rising AI infrastructure spending. Nvidia also participated in a $1.1 billion funding round for Nscale Global Holdings to expand data centers.
Visa tests stablecoins. The payments giant announced the launch of a pilot program that will allow banks and fintech firms to use stablecoins instead of pre-depositing funds in overseas accounts. The new US law — the Genius Act — provided regulatory clarity and legitimized the stablecoin market, encouraging participation by major institutions.
Market Reaction
Wall Street and Asia. US stock futures fell on Wednesday, while Asian exchanges showed mixed dynamics. Investors are factoring in the consequences of the shutdown and the possible delay of the September jobs report, which is a key benchmark for the Fed. According to agencies, the government closure will cost $400 million per day.
Dollar. The US currency hovered near a one-week low against major peers. Market participants fear a prolonged budget crisis, which puts pressure on the dollar and boosts demand for safe-haven assets.
Gold. Gold prices set a new record, reaching $3,875 per ounce. The surge was driven both by the official start of the shutdown and by expectations of Fed policy easing amid weak labor market data. Demand for safe-haven assets remains strong.
Oil. After two days of declines, oil prices stabilized: Brent traded at $66.3 per barrel, while WTI stood at $62.6. The market remains pressured by expectations of increased OPEC+ production and uncertainty surrounding US economic prospects.
Cryptocurrencies. Unlike traditional assets, the crypto market has shown little reaction to the shutdown and shifting macroeconomic expectations. Bitcoin and other major coins remain in a sideways trend, suggesting investors are waiting for clearer signals before taking new positions.
As a reminder, on September 29 the global agenda focused on peace initiatives in Gaza, the budget crisis in Washington, Donald Trump’s legal battles, and falling Russian energy revenues, while the crypto market was preparing for Uptober.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Subscribe to TU news
Did you like the article?
Weekly Top Bonuses
Top News
Top 5 companies for you
United States
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
