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9/15
22:33
Indian bonds face upward pressure as global yields surge and foreign investors withdraw funds; RBI's planned bond sales may add to pressure
Indian bonds are experiencing upward pressure due to a global surge in yields, with foreign investors recently withdrawing significant funds. The Reserve Bank of India's (RBI) planned bond sales are anticipated to further exacerbate this pressure on yields.
22:30
Crypto industry turns to US regulators after CLARITY Act setback, as Senator Tillis moves to reconsider failed vote
The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
22:29
Intel CEO Pat Gelsinger: We are supporting new specialized chips that can deliver equivalent performance to GPUs at 1/10 to 1/15 the power consumption in specific AI inference scenarios.
Intel CEO Pat Gelsinger recently revealed at an industry summit that Intel is supporting new specialized chips (such as SambaNova, Cerebras) based on dataflow architecture and wafer-scale solutions. In specific AI inference scenarios, these chips can deliver equivalent performance to GPUs at 1/10 to 1/15 of the power consumption. He pointed out that the human brain processes extremely complex cognition with only tens of watts of energy, indicating a "potential technical space for a 10,000-fold reduction in power consumption" for future computing.
22:29
Intel CEO Pat Gelsinger: Intel 18A process is in full production, and 14A process will begin production in Q1 next year.
Intel CEO Pat Gelsinger recently confirmed at an industry summit that the company has made significant progress in its process technology, with Intel 18A process now in full mass production and Intel 14A process set to officially begin production in the first quarter of next year. He also disclosed that Intel has achieved an annual yield improvement of approximately 7% by opening up factory data to equipment suppliers and data analytics partners.
22:29
Intel CEO Pat Gelsinger: AI Era CPU Demand Far Exceeds Supply, Currently Meeting Only About 50% of Demand from Frontier Customers
Intel CEO Pat Gelsinger recently stated at an industry summit that with the rapid expansion of AI agents, CPU demand has far exceeded Intel's current supply capacity, and the company can currently only meet about 50% of the demand from leading-edge customers. He revealed that several CEOs of large tech companies have directly called to request more CPU supply, but the company's production capacity cannot keep up. Gelsinger attributed this shortage to the explosion in CPU demand in AI inference scenarios, believing that CPUs have advantages in agent orchestration, control plane, and multi-threaded task processing that GPUs find difficult to replace.
22:29
On September 16, the three major A-share indices all fell during the morning session, while the STAR 50 index bucked the trend and rose by more than 1%; Hong Kong stocks opened higher but closed lower, with both the Hang Seng Index and the Hang Seng Tech Index posting declines.
A-shares fluctuated downwards in early trading, with the Shanghai Composite Index down 0.26%, the Shenzhen Component Index down 0.34%, and the ChiNext Index down 0.14%. The STAR 50 Index bucked the trend, rising over 1%, as semiconductor industry chains, optical communications, optical chips, and other computing hardware sectors rebounded. Biomedicine stocks rose, with CRO concept stocks surging. CATL and Seres continued to decline, while engineering machinery, cybersecurity, and new energy vehicle sectors entered a correction phase.

Hong Kong stocks opened higher and then fell, with the Hang Seng Index down 0.24% and the Hang Seng Tech Index down 0.59%. Most internet stocks were under pressure, while chip stocks rebounded. AI large model leaders Zhipu AI and MINIMAX both rose over 5%. CATL and Seres H-shares continued their decline, both falling over 4%.

In the bond market, treasury futures fluctuated downwards. Most domestic commodity futures rose, with asphalt up over 3%, fuel oil and soybean meal up 2%, and crude oil and pulp up over 1%.
22:04
British pharmaceutical giant GSK licenses cancer drug from China's Chimagen Biosciences in deal worth up to $750 million
GSK announced plans on Tuesday to acquire full global rights to a T-cell engager (TCE) from Chengdu-based Chimagen, targeting treatment for multiple myeloma, a type of blood cancer.
21:46
Iraqi PM Zaidi faces struggle to control armed factions after Saudi oil pipeline attack; senior source points to 'splinter' group
A senior Iraqi Interior Ministry source believes a resistance 'splinter' group was responsible for the September 10 drone attack on Saudi Arabia's East-West oil pipeline, which originated from Iraqi territory. The incident has intensified pressure on Iraqi Prime Minister Ali al-Zaidi to bring armed groups under state control ahead of the US-led coalition's final withdrawal by September 30. Zaidi has responded by sacking the Maysan operations commander, ordering an investigation, and closing border crossings with Iran.
21:46
Saudi-led coalition intercepts Houthi drone headed for Mecca, warns pilgrim security is 'red line'
Saudi Arabia stated that its air defense forces intercepted and destroyed a drone launched by Yemen's Houthi rebels before it entered the restricted airspace over Mecca on Tuesday evening. The Saudi-led coalition condemned the incident as an attempt to frighten worshippers and harm civilians, warning that the security of the two holy mosques and pilgrims is a “red line”. This marks the first time since 2017 that a security alert was activated in Mecca.
21:42
Bitcoin mining company MARA Holdings bought 1,292 BTC ($98.64M) via FalconX.
21:36
HSBC and ICICI Bank become largest lenders to Indian diaspora via FX loans in GIFT City
HSBC Holdings Plc and ICICI Bank Ltd. in India's GIFT City have emerged as the biggest lenders to the vast Indian diaspora through a special foreign-exchange swap program. This development signals the financial hub's growing role in channeling global capital into the country.
21:21
US charges five people linked to Russian ‘assassination network’
The indictment marks a rare accusation of alleged Kremlin-backed plots on American soil.
21:19
US and China Discuss Cutting Tariffs on American Energy and Agricultural Products Ahead of Next Week's Leaders' Summit
The discussions aim to solidify prospects for an extension to the US-China trade truce.
21:15
New Zealand dairy farmers face profit squeeze in coming months as a very strong El Niño weather pattern looms
21:14
Chinese commercial rockets have successfully launched 18 Yuanxin satellites for the "Qianfan Constellation" in two consecutive days, marking the first batch deployment of a low-Earth orbit internet constellation.
On September 16, the Gravity-1 Y3 carrier rocket successfully launched eight Qianfan constellation networking satellites into their predetermined orbits. Approximately 16 hours prior, the Zhuque-2 improved Y7 carrier rocket also successfully launched ten Qianfan polar-orbit networking satellites into orbit. This marks the first batch networking launch of a low-Earth orbit internet constellation by a Chinese private commercial rocket, signaling the advent of large-scale constellation networking launches in China's private commercial aerospace sector. As of September 16, the Qianfan constellation has deployed 256 satellites, with a goal of completing global networking with 324 satellites by the end of 2026. Yuanxin Satellite Company completed a capital increase of 6.976 billion yuan in August, bringing its post-investment valuation to approximately 50 billion yuan, setting a new record for a single financing round in domestic commercial aerospace.
21:09
Israeli soldiers rappel from helicopter in occupied West Bank
Israeli forces rappelled from a helicopter onto the roof of a residential building in Yatta, in the occupied West Bank.
21:09
US CBO report: Iran war to increase inflation by 0.5% in Q1 2027, has cost $38B, and will take up to 5 years to replenish munitions
The nonpartisan Congressional Budget Office (CBO) released a report on Tuesday, finding that the six-month war on Iran has cost $38 billion, with an expected increase of $3 billion per month. The conflict is projected to raise inflation by 0.5 percentage points in the first three months of 2027. The report also estimates that replenishing depleted US munitions stockpiles could take up to five years. The CBO's cost estimate aligns with Defense Secretary Pete Hegseth's July congressional testimony. The Trump administration, which launched the war with Israel in February, has denied reports of flagging munitions stockpiles, with Trump stating on Monday that oil prices would drop sharply once the conflict ends.
21:04
Traders Brace for Fed Hike With Equities Under Pressure
Bond traders have piled into bearish positions ahead of Wednesday’s Federal Reserve meeting. Equities are under pressure as traders await the Fed's rate decision.
20:58
Seoul stocks open almost flat on Thursday as investors await US Fed rate decision and eye rising oil prices
The benchmark Korea Composite Stock Price Index (KOSPI) was up 0.69 point, or 0.01 percent, to 6,627.95 points as of 9:15 a.m. Wall Street stocks closed lower overnight, with the S&P 500 down 0.45 percent, as investors took a cautious stance over rising oil prices.
20:42
Middle East tensions escalate, with the cost of shipping US crude oil to Asia surging to a record $44.8 million.
According to data from the Baltic Exchange, as of this Tuesday, the cost to charter a Very Large Crude Carrier (VLCC) to transport 2 million barrels of crude oil from the US Gulf Coast to China has surged to approximately $44.8 million, marking an all-time high. This represents a significant jump from $39 million the previous day. In comparison, before the outbreak of the Iran War, this cost was only about $17.8 million. This week, Saudi Arabia's announcement to close its east-west oil pipeline further exacerbated market concerns about supply disruptions, boosting the strategic value of US crude oil. Despite the high freight costs, the price advantage of US WTI crude oil still keeps its landed comprehensive cost below that of competing sources, and Asian buyers' purchasing interest has not been significantly dampened. Driven by strong demand, WTI crude oil rose over 4% in a single day, reaching a new high since April.
20:42
Short positions in the U.S. Treasury market have reached levels rarely seen in recent years, with traders betting on the Federal Reserve raising interest rates by 25 basis points tonight.
The U.S. 10-year government bond yield rose to its highest level since 2007 on Tuesday, while the 2-year yield also hit its 2024 peak. Market pricing indicates that Wall Street's expectation for a 25 basis point rate hike at the Federal Reserve's meeting tonight has exceeded 90%. Citi strategist David Bieber stated that the current short positioning is "tactically extreme." Bank of America strategists Meghan Swiber and Eleanor Xiao noted that shorts have accumulated across the entire yield curve, with asset managers mostly cutting long positions or increasing short positions. JPMorgan Chase's Treasury client survey showed that for the week ending September 14, client short positions jumped 10 percentage points week-over-week, with net long positions falling to their lowest in approximately four months, and the pace of adding shorts being the fastest since early 2025. Surging oil prices, signs of inflation rebound, and concerns about the fiscal deficit have collectively reinforced the market's judgment that the Federal Reserve must act.
20:41
ByteDance's revenue for the first half of the year reached $120 billion, a 30% year-on-year increase, closely trailing Meta. Net profit declined by a single-digit percentage year-on-year to $20 billion, dragged down by AI investments.
According to tech media outlet The Information, ByteDance's revenue in the first half of the year was almost on par with Meta's $117 billion. To support its investment in AI infrastructure, ByteDance recently secured approximately $30 billion in its largest-ever bank loan.
20:41
OpenAI CEO Altman: Confident in the safe development of the AI industry, but disappointed with media coverage.
Altman stated on Tuesday at the Salesforce Dreamforce conference in San Francisco that he believes the AI industry has the capability to advance technology safely without causing significant harm, and expressed dissatisfaction with the external framing of discussions around AI safety. He acknowledged the potential dangers of AI, called for the industry to establish a transparent accident reporting mechanism similar to the aviation industry, and said that if safe advancement is not possible, companies should be prepared to "slow down or even stop." Altman also cited social media as an example, emphasizing that technology governance requires shared responsibility among parents, businesses, and governments.
20:37
New Zealand’s Sovereign Wealth Fund Returns 14.2% in Year Through June
The New Zealand Superannuation Fund, one of the world’s top-performing sovereign wealth funds, achieved this return, powered by a rally in global equity markets despite being underweight in outperforming tech stocks.
20:26
South Korea offers revised guidelines for registered foreign institutions' FX operations, aiming for won's internationalization
South Korea on Wednesday announced revised rules for registered foreign institutions' foreign exchange operations, aiming to internationalize the won. The finance ministry stated these revisions to guidelines on foreign financial institutions' foreign exchange operations and foreign exchange transaction regulations follow a public comment period and regulatory review.
20:25
190 million USDC, worth approximately $190 million, were burned on-chain.
On-chain data shows a single burn of 192,393,762 USDC tokens from the USDC contract, with transaction hash 0x9adf7d00056ba6ba2bb87ca973710a3b352f3a683549983f39c82a22fd025c29.
20:23
Shrinking Chinese Fuel Inventories Raise Chance of Export Curbs
China’s gasoline and diesel inventories are plunging as refiners grapple with a tightening domestic market, raising the chance the government may move to limit fuel exports again.
20:13
Apollo Provides $585 Million Financing to The Executive Centre, Its Largest Asian Hybrid Deal Combining Debt and Equity
20:04
Sepehran Airlines Boeing 737 cabin ripped apart after emergency landing in Mashhad, Iran, due to burst tyre and engine damage
A Sepehran Airlines Boeing 737 returned to Mashhad airport in Iran after suffering a burst tyre and engine damage shortly after takeoff. Iran faces difficulties obtaining spare parts and maintenance services amid decades of strict US sanctions.
20:04
Southeast Asian Investors, Led by Singaporean Capital, Emerge as Top Non-Local Buyers of Hong Kong Commercial Property
According to Savills, Southeast Asian investors have become the largest non-local buyers of Hong Kong commercial property. As of Tuesday, total commercial property transactions above HK$50 million in Hong Kong reached an estimated HK$30.36 billion (US$3.87 billion) so far this year.

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