At the White House on Monday, Trump said about 30 vessels transit the Strait of Hormuz each night and that a large volume of oil flows through the chokepoint. He warned the U.S. may strike Iran, signaling elevated geopolitical risk for oil markets. He added U.S. interest rates are currently too high and said he respects Fed Chair Kevin Warsh, who will do what he must.

CMB Securities said an improving financing backdrop is restoring funding for innovative drug R&D. Jan–Aug 2026 global pharma primary+secondary financing totaled $53.8bn, up 72% YoY and about 92% of 2025 full-year. China 1H BD deal value and license-out-to-overseas volumes are set to hit record highs, and primary-market financing has markedly improved since 2026. China CXO sector 1H revenues and net profit attributable to parent rose 24.5% and 52.7% YoY respectively, with profit growth near the prior cycle peak. Backlogs and new orders are broadly recovering and industry leaders have raised full-year guidance. Offshore preclinical R&D demand has turned up; Charles River’s DSA book-to-bill reached a four-year high. AI-driven drug discovery could further boost R&D efficiency, supporting sector demand.

韩元兑美元汇率创下自2025年7月8日以来的最高水平，现报1369。