China A-shares were weaker at midday: Shanghai Composite -0.93%, Shenzhen Composite -1.74%, ChiNext Index -1.84%. Wind-turbine equipment stocks led gains — Weili Transmission +11%+, Jixin Technology hit the daily limit. Robotics names also strong with Luozhou Co. and Ningbo Dongli at limit-up. Xinhua Media and Xinhua Winshare hit limits as media stocks rebounded. Coal, banks, medical aesthetics, textiles and small appliances outperformed; precious metals, components and planting sectors lagged.

Hong Kong's HSI closed down 72.99 points (-0.29%) at 24,761.13 on Sept 24; the Hang Seng Tech Index fell 17.94 points (-0.41%) to 4,361.13; the Hang Seng China Enterprises Index (HSCEI) slipped 7.8 points (-0.09%) to 8,266.01; the Hang Seng Red-chip Index fell 7.09 points (-0.18%) to 4,020.12.

The PBOC MPC met on Sept 19 for its Q3 2026 (114th) session. It said macro policy has been more proactive this year and monetary policy remains moderately accommodative, with stronger countercyclical and cross-cycle adjustments and comprehensive use of multiple tools to support sustained improvement in the economy. LPR reform continues to release effects and the deposit-rate marketization mechanism is functioning effectively, boosting monetary policy transmission; social financing costs are at historically low levels. FX supply-demand is broadly balanced; the RMB is allowed two-way fluctuation and has remained basically stable at a reasonable equilibrium. Financial markets have operated smoothly.