Due to the U.S. Senate taking a key step towards ending the longest federal government shutdown in history, reigniting investors' risk appetite, the three major U.S stock indices collectively closed higher on Monday, Eastern U.S. time. As of the close, the Dow Jones rose 0.81% to 47,368.63 points; the Nasdaq rose 2.27% to 23,527.17 points; and the S&P 500 rose 1.54% to 6,832.43 points.

Large-cap tech stocks generally rose, with Nvidia closing up 5.79%, marking its largest single-day gain since April. AMD rose over 4%, Google and Tesla rose over 3%, while Microsoft, Amazon, and Netflix rose over 1%.

Ross Mayfield, an investment strategy analyst at Baird, pointed out: "This is a technical rebound from last week's oversold conditions. The investment mantra of 'buying the dip' has once again been validated in the tech and AI sectors. The AI theme hasn't encountered any structural headwinds; on the contrary, many earnings reports from this sector have been extremely impressive."

U.S. stock storage concept stocks generally rose, with Micron Technology up over 6%, SanDisk up nearly 12%, and Western Digital up nearly 7%.

Popular Chinese concept stocks generally rose, with the Nasdaq Golden Dragon China Index closing up 2.25%. XPeng Motors rose over 16%, Baidu rose over 5%, Tiger Brokers and Weibo rose over 3%, iQiyi rose over 2%, and Pinduoduo rose over 1%.

"Not only will the government reopening boost market sentiment, but it will also pave the way for data releases, giving us deeper insights into the health of the U.S. job market and the broader U.S. economy ahead of next month's Fed interest rate decision," said Fiona Cincotta from City Index.

That day, some Fed officials again expressed cautious stances regarding the decisions at the next monetary policy meeting. However, Fed Governor Milan stated that he supports further interest rate cuts to prevent future weakness in the U.S. economy. Milan insisted that the pace should be faster than the traditional 25 basis points per cut. As in the previous two Federal Open Market Committee (FOMC) meetings, he again advocated for a 50 basis point rate cut, while also stating that at least a 25 basis point cut should be implemented.