Outside the U.S., China-linked exposures showed notable strength, with $KWEB, $FXI, and $MCHI all higher, while Brazil remained a standout over multiple horizons through $EWZ. Bonds were little changed, so the day’s tone came mainly from equities and metals rather than duration.

Key Mover for Oct 9: $KWEB (▲3.79%)
Climbed 3.79% and outperformed most regional ETFs, confirming renewed strength in China internet exposure.

International equities also showed strong participation, with Taiwan, Korea, Brazil, Japan, and EM ex-China outperforming, while China remained a clear laggard as $FXI and $KWEB fell sharply.

Market Observation for Oct 2:
International strength was selective, with $EWT, $EWY, $EWZ, and $EWJ strong while China-linked $FXI and $KWEB diverged lower.

International equities also showed notable strength, with developed ex-U.S. and parts of Asia leading: $VEA +1.11%, $EFA +1.01%, $EWJ +2.21%, $EWY +2.55%, while China-linked funds such as $FXI and $KWEB lagged.