Dalian Maritime Safety Administration posted on the China Maritime Safety Administration website that from 00:00 on Sept 23 to 24:00 on Sept 24 parts of the Bohai Strait and the northern Yellow Sea will be closed for military operations; entry is prohibited.

化工期貨主力合約日內集體下跌，短纖、乙二醇、瓶片、苯乙烯跌超2%，甲醇跌近2%，塑料、丙烯、丁二烯膠、對二甲苯、聚丙烯、PTA、純苯跌超1%。

Galaxy Securities said in a Sept. 23 report the Fed hiked 25bps to 3.75%–4.00% on Sept. 16, the first increase since July 2023. A systemic rise in risk-free rates is lifting discount rates beyond the policy rate and compressing equity P/Es, disproportionately hitting high-valuation growth stocks dependent on distant cash flows. The AI narrative remains strong, but pricing is shifting from long‑term visions to near‑term realization. On the first trading day after the hike, storage, CPUs, foundry and optical‑interconnect segments outperformed; strong current earnings and short investment payback make these compute‑hardware nodes less sensitive to higher rates. Valuation differentiation is accelerating: hardware with verified cash flows and earnings (advanced process, memory, optical interconnect, equipment and materials) is benefiting, while narrative‑driven, unprofitable names are being further squeezed.