Pre-Market | US Futures Rally on Positive Outlook and Cross-Border ETF Connectivity

11 Sep., DOW FUTURES up 0.23% in pre-market, NASDAQ FUTURES up 0.30% in pre-market, S&P FUTURES up 0.24% in pre-market. The pre-market rally in U.S. futures reflects a positive outlook, with the DOW, NASDAQ, and S&P 500 futures all showing gains. This optimism is further bolstered by plans to expand cross-border ETF connectivity between China and Singapore, highlighting international investors' growing long-term perspective on Chinese assets.

In pre-market trading, Alibaba Group Holding Ltd. (BABA) shares rose by 2.68%, while Micron Technology Inc. (MU) saw its stock price increase by 2.32%. Novo Nordisk A/S (NVO) experienced a decline of 1.12%, and TotalEnergies SE (TTE) dropped by 0.96% due to market uncertainty created by its decision to sell a stake in its Nigerian business.

Vince Holding surged over 188% in pre-market trading, marking a significant rally for the company. Meanwhile, YY Group saw a substantial increase of 81.76% in pre-market trading. On the other hand, Robin experienced a notable decline of 25.65% in pre-market trading. Cuprina Holdings also faced a drop of 22.84% in pre-market trading.

Alibaba is pricing its $3.2 billion convertible bonds at a 31.25% conversion premium and will stop accepting investor subscription orders on Thursday. iPhone 17 series pre-sales have shown strong demand, with JD.com and Tmall reporting over 2 million initial reservations and significant growth over previous models, led by white-colored units; analysts forecast robust hardware innovation and AI progress through 2027. Singapore Exchange CEO highlighted international investors taking a long-term view on Chinese assets, focusing on expanding ETF connectivity.