At 1000 CST on the 9th China's Central Meteorological Observatory upgraded its typhoon alert to red for Typhoon No.13 Baihaitun (White Dolphin). The center was at 27.9°N, 122.9°E — about 215 km east of Wenzhou in the southern East China Sea — with maximum winds near the center of 45 m/s (equivalent to 14 on the Chinese scale) and central pressure 950 hPa. Wind radii: 7-level 300–450 km, 10-level 200–250 km, 12-level 100 km. Baihaitun is moving westward at 20–25 km/h with little change in intensi

Founder Securities says the market’s oversold rebound has entered a decisive phase, with technology and high‑cycle (景气) tracks diverging. It highlights three allocation themes. First, technology requires selective positioning: innovation/startup segments have rebounded roughly 10% from their lows and, versus typical oversold-theme rebounds, may have additional upside. The AI narrative shifted after US cloud service provider earnings; marginal weakening of competitive capex makes cloud businesses and healthy cash flow the differentiators. Founder advises a balanced exposure between AI hardware and applications, prioritising overseas compute names with low crowding, domestic compute plays with high visibility in semiconductor equipment and materials, and relatively depressed AI application names and Hang Seng Tech stocks. Second, with Fed rate‑hike expectations easing, seek HALO assets: beyond core resource plays (nonferrous metals and chemicals), consider oversold new and old energy segments — power grid and power equipment, coal and petrochemicals. Third, focus on pharmaceutical large caps with solid fundamentals, low crowding and easing downside pressures.

Iran's Bandar Abbas coast guard said on the 9th it detained 12 vessels in waters off Bandar Abbas after they failed to produce valid documentation. Authorities have not released vessel owners or other details.