Fitch's BMI says South Korea's downstream oil and gas sector could remain stable in 2026 despite pressure from elevated freight costs and geopolitical risk. Seoul is shifting to a broader energy-security strategy to reduce reliance on Middle East crude, targeting the Middle East's share of crude imports to fall from 69.1% in 2024 to 60% or below. BMI adds recent import data show more flexible sourcing: January–May Middle East share was 62.8%, while in May the Americas, including the US, accounted for 26.6% of crude imports.

As of Sept 22, margin financing on the Shanghai Stock Exchange (SSE) stood at CNY 1,340.797 bln, up CNY 0.907 bln from the prior trading day; on the Shenzhen Stock Exchange (SZSE) it stood at CNY 1,277.072 bln, up CNY 2.515 bln. Combined margin balance was CNY 2,617.869 bln, +CNY 3.422 bln.

Galaxy Securities research: The Fed hiked 25bp to 3.75%–4.00% on Sept. 16, the first increase since July 2023, lifting the systemic center of the risk-free rate beyond the policy rate. Higher discount rates compress equity multiples, hitting long-duration, high-valuation growth names most. The AI narrative remains robust, but pricing is shifting from long-term visions to near-term delivery and earnings verification. On the first trading day after the hike, compute-related sectors—storage, CPUs, foundries and optical interconnect—generally outperformed, driven by strong current profits and short payback periods that make them less rate-sensitive. Divergence continues: compute hardware with validated cash flows and earnings (advanced process nodes, memory, optical interconnect, equipment and materials) are benefiting as downside is largely priced in, while names reliant on distant narratives without earnings support are being de-rated. AI is entering a rational verification phase.

亚股 1. 中国上证综指9月22日（周二）收盘上涨2.22点，涨幅：0.06%，报3952.13点； 2. 中国深证成指9月22日（周二）收盘下跌6.29点，跌幅：0.05%，报13723.74点； 3. 中国沪深300指数9月22日（周二）收盘上涨5.02点，涨幅：0.11%，报4544.59点； 4. 中国创业板指数9月22日（周二）收盘上涨0.34点，涨幅：0.01%，报3399.93点； 5. 中国科创50指数9月22日（周二）收盘上涨7.56点，涨幅：0.46%，报1665.04点； 6. 香港恒生指数9月22日（周二）收盘上涨45.04点，涨幅0.18%，报25087.75点； 7. 香港恒生科技指数9月22日（周二）收盘上涨14.92点，涨幅0.34%，报4438.21点。 欧股 1. 德国DAX30指数9月22日（周二）收盘上涨14.08点，涨幅0.06%，报25587.74点； 2. 英国富时100指数9月22日（周二）收盘下跌29.86点，跌幅0.28%，报10709.15点； 3. 法国CAC40指数9月22日（周二）收盘上涨15.97点，涨幅0.20%，报8154.91点； 4. 欧洲斯托克50指数9月22日（周二）收盘上涨6.85点，涨幅0.11%，报6325.05点； 5. 西班牙IBEX35指数9月22日（周二）收盘上涨27.94点，涨幅0.14%，报19752.34点； 6. 意大利富时MIB指数9月22日（周二）收盘下跌270.04点，跌幅0.52%，报52101.50点。 美股 1. 道琼斯指数9月22日（周二）收盘下跌185.03点，跌幅0.36%，报51863.80点； 2. 标普500指数9月22日（周二）收盘上涨0.14点，涨幅0.00%，报7764.84点； 3. 纳斯达克综合指数9月22日（周二）收盘上涨122.18点，涨幅0.45%，报27244.28点。

Iran foreign minister Araghchi, speaking during a UN General Assembly meeting with the Dutch foreign minister, accused European countries of double standards for remaining silent or condoning US and Israeli actions against Iran. He said Europe cannot profess support for rule of law and human rights while ignoring or supporting apparent military aggression toward Iran. Araghchi added Iran has acted responsibly on the nuclear file and pursued diplomacy to remove pretexts for US action, and blamed repeated US breaches of commitments and its bellicose policy for current insecurity in the Gulf and the Strait of Hormuz.

【期货盯盘神器专属文章】随着地缘热度降温，天气因素重回视野，美豆若要冲击14美元关口，关键竟在南美的“超级厄尔尼诺”？