Aug 18 — Shanghai and Shenzhen combined turnover totaled CNY 2,400.78 bln, up CNY 13.32 bln vs the prior trading day. Shanghai turnover CNY 1,135.19 bln (prev. CNY 1,112.82 bln), volume 511 mln lots (prev. 490 mln). Shenzhen turnover CNY 1,265.59 bln (prev. CNY 1,274.64 bln), volume 675 mln lots (prev. 642 mln). Top-by-turnover: GigaDevice CNY 26.795 bln; ChangXin Technology CNY 25.460 bln; Zhongji Xuchuang CNY 21.831 bln; BOE A CNY 20.484 bln; Eoptolink CNY 17.685 bln.

Demand at Tuesday's five-year JGB auction was the strongest since June 2025 as higher yields attracted buyers. The bid-cover ratio was 4.15 versus 3.43 at the prior auction and a 12-month average of 3.34. The tail (average price minus lowest accepted price) tightened to 0.02 from 0.03 a month earlier. JGB yields have risen in recent weeks amid reports the TAKAICHI-led government supports near-term tightening by the BANK OF JAPAN; overnight index swaps imply a 75% chance of a BANK OF JAPAN hike before September and fully price an October move. The rise in yields reflects weakening global confidence in bonds, with investors demanding greater compensation for duration risk. 30-year US Treasury yields climbed to near 20-year highs on concerns about higher government spending, heavy long-term issuance and persistent inflation.

【期貨熱點追蹤】LPG盤中大幅走高，核心受中東地緣局勢升級及海峽通行受阻引發的供應擔憂提振。後續地緣因素該如何變化？