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9/20
23:06
Global shipping costs are experiencing a new round of severe shocks, with container freight rates surging by 201%, nearing the crisis peak of 2021, while geopolitical turmoil has pushed tanker charter rates to historical highs. Analysts warn that if the pressure persists, it will further strengthen inflation and drag down economic growth.

Bank of America analyst Lorraine Hutchinson noted in a research report last Saturday that sea freight rates have jumped by 201%, approaching the 250% peak increase seen during the container shortage in 2021. ShippingChina.com, citing data from shipbroker Gibson, reported that due to escalating tensions in the Strait of Hormuz and the Bab-el-Mandeb Strait, the daily charter rate for VLCC (Very Large Crude Carrier) TD3C route has exceeded $1.24 million.

The Houthi group stated on September 19 that it had launched military operations against "sensitive targets" in the Saudi capital Riyadh and Saudi Aramco's Yanbu facilities. Saudi Aramco has informed at least two European refinery clients that it will be unable to fulfill crude oil delivery obligations next month due to pipeline attacks.
23:03
Lookonchain monitoring shows that the whale continues to rotate Bitcoin into Ethereum on the Hyperliquid platform and stakes all of it after purchase.
22:57
On-chain data shows a single issuance of 70 million USDC from the USDC contract, with transaction hash 0x7d89777deba7ef906fc81a9191383dadfb972ed47db70be4916be0daf27662c8.
22:57
HanmiGlobal is overseeing construction of SK hynix's advanced chip packaging plant in Indiana, the project management firm said Monday, as Korean tech firms lean more heavily on specialized managers for their US expansions. The facility in West Lafayette, Indiana, will be SK hynix's first US production base for advanced packaging for high bandwidth memory chips. Site excavation began in March, with clean room completion targeted for October 2028. HanmiGlobal joined the project in August 2024.
22:51
The move will be one of Australia's largest listings ever.
22:51
Bank of America Securities analyst Simon Woo noted in his latest research report that channel checks confirm DRAM average selling prices (ASPs) will rise by 20-30% quarter-over-quarter in Q3 2026, with NAND prices increasing by over 15%. Given the persistent memory supply shortage and intensified competition among OEMs/tech companies to secure inventory, hyperscale cloud vendors have pre-signed contracts to lock in higher DRAM prices for Q1 2027. Bank of America raised its DRAM ASP forecast for 2027-2028 by 8-12% and NAND by 2-3%. It also projects the global memory market size will be revised upwards from $1.8 trillion to $2.0 trillion by 2030, with a compound annual growth rate (CAGR) of 21% for DRAM+NAND sales from 2027-2030.
22:48
India's foreign exchange reserves have declined, ending their longest winning streak in over five years. Interventions by the Reserve Bank of India (RBI) in the currency market could put further pressure on the reserves.
22:20
On September 21st, A-shares collectively rose in early trading, with the Shanghai Composite Index up 0.50%, the Shenzhen Component Index up 0.80%, and the ChiNext Index up 1.29%. The biomedical sector surged, with CRO, innovative drugs, weight-loss drugs, and gene sequencing concept stocks all rising significantly. Storage chip stocks strengthened, with CXMT up 5%.

Hong Kong stocks saw mixed performance, with the Hang Seng Index up 0.51%. The Hang Seng Tech Index rose initially before pulling back and turning negative, while the Hang Seng Biotech Index surged nearly 5%.

Most domestic commodity futures rose, but crude oil fell sharply by 6%, and pulp gained 3%.
22:20
JPMorgan Chase analysts noted in a September 18 report that despite the disruption to Saudi Arabia's East-West oil pipeline, crude oil flows from the Middle East remained "surprisingly strong," averaging 17.1 million barrels per day over the past 10 days. Meanwhile, U.S. President Donald Trump, in an interview with Fox News, stated that he is in "decision mode" regarding a "very big thing" about to happen concerning a U.S.-Iran war, and warned Iran that "they better be good."
22:14
Deutsche Bank's latest metal flow report indicates an anomalous rise in gold prices following the Federal Reserve's rate hike, despite no significant increase in volume from conventional buyers (commercial and non-commercial purchases, CTA positions, China ETF inflows). The bank suggests that the driving force behind this gold price rally points to reserve management institutions. Geopolitical conflicts in the Strait of Hormuz and the simultaneous decline in energy prices have a far more critical impact on gold than the Federal Reserve's rate hike stance. Falling oil prices mean reduced foreign exchange income for energy-exporting countries, increasing pressure on reserve allocation and thereby enhancing gold's attractiveness as a non-sovereign reserve asset. Deutsche Bank concludes that gold's sensitivity to oil prices is rising and maintains its strategy: if crude oil prices increase in the coming week, buy gold on algorithmic selling pressure; if crude oil prices show a reversal signal, actively long gold.
22:08
China has met over half of its pledge to buy 25 million tons of US soybeans this year, but progress on a separate commitment to spend billions more on other American crops has largely stalled. These mixed signals emerge ahead of this week's presidential summit in Washington, highlighting the fragility of the trade truce.
22:08
U.S. senior officials stated on Sunday that the U.S. and China have agreed to exempt "non-sensitive" goods from future tariff actions and establish formal dialogue channels on artificial intelligence. These developments lay the final groundwork for this week's high-level summit between the two heads of state. This follows U.S. Treasury Secretary Scott Bessent's meeting with Chinese Vice Premier He Lifeng in New York on September 20.
22:02
The World Gold Council (WGC) stated that China's gold jewelry consumption plummeted by 34% due to fluctuating gold prices, prompting Chinese gold jewelers to seek expansion in the Middle Eastern and Indian markets, leveraging their advanced craftsmanship. Wang Lixin, CEO of WGC China, revealed in a recent interview with the South China Morning Post that buyers from these two regions accounted for the majority of visitors at the recent Hong Kong Jewellery & Gem Fair.
21:55
Syrian state media reported a powerful explosion at a Syrian army site near Aleppo, injuring at least four people. Officials urged civilians to stay away from the blast site near the town of al-Eis, south of Aleppo, as ongoing explosions hindered access for emergency services. The cause of the blast remains unknown.
21:54
SoftBank Group is seeking to issue over $11 billion in junk bonds, which would be one of the largest junk bond deals in history, to fund Masayoshi Son's SoftBank Group's increased investment in ChatGPT creator OpenAI, sources revealed on Monday. SoftBank reportedly plans to issue $10 billion in dollar-denominated securities and €1 billion (approximately $1.1 billion) in euro-denominated notes, with part of the proceeds to be used to complete a follow-on investment in OpenAI next month.
21:42
The upgrade is expected around 04:00 PM UTC on Sep 21, 2026, at block height 22,942,000. Deposits and withdrawals for LUNA will be suspended from 03:00 PM UTC on the same day to ensure a smooth transition, though trading will remain unaffected.
21:41
ANZ Research analysts noted that initial concerns over extended disruptions to pipeline flows from Saudi Arabia are easing. Saudi Arabia expects its East-West pipeline to return to about half its capacity within days after a drone attack. However, the market remains focused on the longer-term fallout from Houthi militant group attacks on the country's energy infrastructure.
21:36
The People's Bank of China (PBOC) will issue Renminbi Bills via the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA). The PBOC has attached the tender notice and information memorandum for the Renminbi Bills, along with tender-related information provided by the Issuing and Lodging Agent through the HKMA.
21:31
Bybit will temporarily suspend VANA (VANA) deposits and withdrawals from Sep 21, 2026, 11:30 AM UTC, in support of its v7.1.8 network upgrade. The upgrade is expected to take place around Sep 21, 2026, 12:30 PM UTC. Other activities such as trading will not be affected.
21:27
The measures, which could be announced soon, would prohibit most transactions with the ICC after a six to seven-month grace period, barring US citizens and companies from providing money, goods, or services without a license. This marks a sharp escalation, targeting the institution itself rather than individual judges and prosecutors.
21:21
The United Steelworkers bargaining committee, in a text message to union members on Sunday, stated that discussions with Japanese-owned US Steel (Nippon Steel Corp.) have yet to yield concessions on key issues including healthcare and job protection, as negotiations enter a critical stretch.
21:04
The upgrade, which capped a yearslong effort to meet FTSE Russell's criteria, could open the door to billions of dollars from global investors. Vanguard has pledged $2.5 billion.
20:47
U.S. retail diesel prices have surpassed $6.50 per gallon for the first time, extending a war-driven rally that is having ripple effects across the economy.
20:43
Bank of America, JPMorgan Chase, and Goldman Sachs latest forecasts indicate that the U.S. Treasury will net borrow approximately $1 trillion through the issuance of short-term Treasury bills in the current fiscal year ending September 2027, nearing historical highs. This scale is notably higher than the official target of "around 20% over the long term" set by the Treasury Borrowing Advisory Committee. Meanwhile, Treasury Secretary Scott Bessent is attempting to suppress long-term interest rates by expanding long-term Treasury buybacks, while his Treasury Department continues to rely on short-term debt to meet record borrowing demands. This has sparked widespread market concerns about the accumulation of interest rate risk and refinancing risk, also leading to questions about the consistency of Bessent's own policies. The two-year U.S. Treasury yield has risen to a multi-year high of approximately 4.75%, with investors focusing on short-term Treasuries, betting that the Federal Reserve will ultimately win the fight against inflation.
20:36
Seoul stocks opened higher Monday, with the benchmark Korea Composite Stock Price Index (Kospi) up 64.09 points, or 0.93 percent, to 6,958.32 as of 9:15 a.m., led by gains in tech heavyweights. However, elevated oil prices and lingering tensions in the Middle East kept investors cautious. Overnight, Wall Street stocks closed higher as investor sentiment improved on falling oil prices and easing pressures. On Friday, Seoul stocks advanced 2.66 percent as easing inflation concerns lifted investor sentiment.

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