Southbound flows net bought CNY 3.72bn today. Via Shanghai–Hong Kong Stock Connect, Alibaba-W and CNOOC were net bought HKD 438m and HKD 402m; Yangtze Optical Fibre & Cable led net sales at HKD 487m. Via Shenzhen–Hong Kong Stock Connect, Baidu-W and Yangtze Optical Fibre & Cable were net bought HKD 1.735bn and HKD 275m; Innovent Biologics had the largest net sell at HKD 737m.

中韓半導體ETF華泰柏瑞：將於2026年9月9日開市起至當日10:30停牌。

JP Morgan oil trading team’s Jake Pashelinsky says the probability of a US‑Iran agreement has fallen to its lowest level since the war began (Sept. 7 report). Two primary scenarios: (1) the Strait of Hormuz becomes a prolonged conflict zone, possibly extending beyond the U.S. midterms, with Iran reducing transits to undermine a U.S. blockade; (2) the U.S. withdraws, leaving Gulf states to decide on transit fees — a result that would give Iran leverage over strait flows, oil prices and generate large revenues. JP Morgan judges the U.S. is most likely to maintain the status quo while oil prices remain contained; only further upside in oil would likely force a strategic shift. Continued U.S. economic pressure on Iran is viewed as more likely to provoke escalation than détente. Over the long run, higher oil prices could, via demand destruction and lower global reliance on regional supply, eventually ease the challenge.