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.

亞股 1. 中國上證綜指9月22日（週二）收盤上漲2.22點，漲幅：0.06%，報3952.13點； 2. 中國深證成指9月22日（週二）收盤下跌6.29點，跌幅：0.05%，報13723.74點； 3. 中國滬深300指數9月22日（週二）收盤上漲5.02點，漲幅：0.11%，報4544.59點； 4. 中國創業板指數9月22日（週二）收盤上漲0.34點，漲幅：0.01%，報3399.93點； 5. 中國科創50指數9月22日（週二）收盤上漲7.56點，漲幅：0.46%，報1665.04點； 6. 香港恆生指數9月22日（週二）收盤上漲45.04點，漲幅0.18%，報25087.75點； 7. 香港恆生科技指數9月22日（週二）收盤上漲14.92點，漲幅0.34%，報4438.21點。 歐股 1. 德國DAX30指數9月22日（週二）收盤上漲14.08點，漲幅0.06%，報25587.74點； 2. 英國富時100指數9月22日（週二）收盤下跌29.86點，跌幅0.28%，報10709.15點； 3. 法國CAC40指數9月22日（週二）收盤上漲15.97點，漲幅0.20%，報8154.91點； 4. 歐洲斯托克50指數9月22日（週二）收盤上漲6.85點，漲幅0.11%，報6325.05點； 5. 西班牙IBEX35指數9月22日（週二）收盤上漲27.94點，漲幅0.14%，報19752.34點； 6. 意大利富時MIB指數9月22日（週二）收盤下跌270.04點，跌幅0.52%，報52101.50點。 美股 1. 道瓊斯指數9月22日（週二）收盤下跌185.03點，跌幅0.36%，報51863.80點； 2. 標普500指數9月22日（週二）收盤上漲0.14點，漲幅0.00%，報7764.84點； 3. 納斯達克綜合指數9月22日（週二）收盤上漲122.18點，漲幅0.45%，報27244.28點。

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.

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