Sept 18 afternoon — Shengu Group surged as much as 297% intraday, hitting a high of CNY82.59 per share. Turnover exceeded 80% and trading value approached CNY4.0bn. The stock was halted twice during the session. Analysts say the post-listing rally reflects an ultra-low issue price, an extremely small free float, a scarcity-themed bid and a rotation in market fund flows.

Wells Fargo APAC chief strategist in Singapore Chidu Narayanan said the Bank of Japan’s decision lacked hawkish substance and is likely to push USD/JPY higher and depress short-end JPY yields. He noted two of the most dovish board members voted against, which does not support expectations of rapid BOJ tightening. The statement appeared hawkish on the surface but fell short relative to pre-meeting market pricing.

【期貨盯盤神器專屬文章】市場深談：油價還沒到177美元，爲什麼專家已經開始擔心“需求破壞”？柴油裂解價差處於紀錄高位，卡車和航空公司已感受到成本壓力，而全球石油庫存仍以約400萬桶/日的速度下降。油價繼續漲，油股還能一直跟嗎？點擊閱讀。