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Market news: Russia launched a nighttime ballistic missile attack, targeting multiple Ukrainian cities, including Kyiv. The Tripilyska thermal power plant was attacked, along with several warehouses; other unspecified locations in the Kyiv region were also hit. Reports indicate that Ukrainian air defenses intercepted several missiles over the capital during the attack. Damage was reported in the area surrounding the Yuzhmash factory in Dnipropetrovsk. The Kremenchuk hydroelectric power plant was also targeted by missiles, possibly Zircon or Onyx cruise missiles.

The Hang Seng China Enterprises Index (HSI) opened down 108.27 points, or 0.45%, at 24,172.29 on Wednesday, October 7th; the Hang Seng Tech Index opened down 13.94 points, or 0.33%, at 4,209.14 on Wednesday, October 7th; the Hang Seng China Enterprises Index opened down 33.89 points, or 0.42%, at 8,095.08 on Wednesday, October 7th; and the Hang Seng Red Chip Index opened up 10.6 points, or 0.27%, at 4,009.24 on Wednesday, October 7th.

Hong Kong stocks opened lower, with the Hang Seng Index down 0.45% and the Hang Seng Tech Index down 0.33%.

According to the Wall Street Journal, US President Trump has not only placed greater reliance on Treasury Secretary Bessett but has also entrusted him with the heavy responsibility of addressing thorny economic issues, including high borrowing costs, persistent inflation driven by oil prices, and rapidly accumulating government debt. A senior government official who previously worked with Treasury Secretary Bessett stated that the burden of the president's entire economic policy agenda rests on the Treasury Secretary's shoulders.

According to the Wall Street Journal, sources familiar with the matter revealed that Treasury Secretary Bessenter's style of conduct was a factor—and sometimes even the primary factor—in the departure of several key officials. According to more than a dozen current and former Treasury officials, since taking office in early 2025, Bessenter has harshly reprimanded both senior advisors and junior staff on a wide range of issues, large and small.

Samsung says Samsung Wallet now supports digital key functionality for some General Motors models, with the initial support for some 2026 and 2027 Cadillac electric vehicles.