China fuel oil front-month contract up 6.0% intraday at 4,171 yuan/ton.

BofA economists say a more durable semiconductor upcycle driven by sustained global AI investment could further lift South Korea’s GDP. They raised 2026 and 2027 growth forecasts to 3.6% and 2.5% from 3.1% and 2.2%, respectively, and expect the semiconductor trade surplus to remain elevated for years. Spillovers are already visible: stronger manufacturing and construction investment, higher tax receipts enabling fiscal expansion, and wealth effects supporting consumption. BofA expects the Bank of Korea to deliver two additional 25bp rate hikes, possibly in Nov 2026 and Feb 2027.

A股糧食板塊震盪回調，中糧糖業觸及跌停，亞盛集團、新賽股份逼近跌停，農發種業、萬向德農、海南橡膠、神農種業、登海種業等跟跌。