Treasury yields rose further after the data release; the 10-year U.S. Treasury yield climbed 5.81 bps to 5.025%.

Combined turnover on the Shanghai and Shenzhen exchanges totaled RMB1.765 trillion on Sept. 23, down RMB370.574 billion from the prior session. Shanghai turnover was RMB834.133 billion (prev. RMB1,007.996 billion) with volume 467 million lots (vs 506 million); Shenzhen turnover was RMB930.844 billion (prev. RMB1,127.555 billion) with volume 585 million lots (vs 646 million). Zhongji Xuchuang led individual-stock turnover at RMB13.68 billion, followed by Changxin Technology RMB12.149 billion, Hengtong Optic RMB11.147 billion, GigaDevice RMB10.522 billion and Xinyisheng RMB10.295 billion.

Politico, citing five sources, reports the Trump administration is drafting a 90-day diesel export pause intended to lower domestic diesel prices ahead of the midterms. The plan has provoked splits inside government and the oil sector; Energy Secretary Wright, Treasury Secretary Bessent and Interior Secretary Burgum oppose a full ban. Wright warned a simple export prohibition could force refiners to cut runs — because diesel is co-produced with gasoline and jet fuel — and raise other fuel prices. Recent US strikes on Iran and an attack on a Russian refinery have pushed diesel prices higher. Farm-state Republican pressure, including public support from Senator Chuck Grassley, has pushed the proposal; Trump is said to be inclined to announce measures before the weekend, but the decision remains subject to change.