Bitget UEX Daily: Strong PMI fuels rate hike expectations; Nasdaq drops 1.13%

Stronger-than-expected U.S. PMI data has pushed 10-year Treasury yields to 2007 highs, increasing the probability of a Federal Reserve rate hike in October to 71%. Meanwhile, U.S. President Donald Trump and Chinese President Xi Jinping are scheduled to meet in Washington on September 24 to discuss trade, AI regulation, and technology export restrictions. In crypto markets, BTC and ETH saw declines amid rising yields and profit-taking, despite institutional accumulation reported in previous weeks. Global markets remain cautious as economic data pressures tech valuations.