China A-share power sector rose; Mindong Power hit the daily limit, while Hangzhou Thermal Power, Henan Yuneng Holdings, Southern Grid Energy and Shennan Electric A also advanced.

A股電力板塊震盪走高，閩東電力漲停，杭州熱電、豫能控股、南網能源、深南電A跟漲。

A-share memory-chip sector opened weaker; Lianrui New Materials fell over 7%, Taiji Industrial fell over 6%, while Shannon Xinchuang and Juchen shares also slipped.

The 18th BRICS summit opened Saturday and on day one adopted a 45-page New Delhi Declaration and backed a payment architecture intended to route cross-border trade outside the Western-dominated financial system. The declaration commits members to expand trade and investment settlement in their domestic currencies and to link national payment and messaging systems so transactions need not be routed via the dollar-denominated SWIFT network. A BRICS payment working group reviewed cross-border interoperability and the use of local-currency settlement and investment. The principal mechanism highlighted is BRICS Pay, a decentralized payment-messaging framework designed to stitch India’s UPI and Russia’s SPFS into a shared interoperability layer to clear payments outside SWIFT. Leaders characterized the move as incremental for most members; for Iran—subject to US comprehensive sanctions, a maritime blockade and roughly six months of conflict with the US and Israel—the arrangement is closer to a lifeline. India’s prime minister Modi said no member objected to the text.

A股存儲芯片板塊盤初走弱，聯瑞新材跌超7%，太極實業跌超6%，香農芯創、聚辰股份跟跌。

At the open on Sept. 14, DR007 fell to 1.4114%, close to the 1.4% policy rate. The PBOC skipped a 7-day reverse repo and injected CNY504 bln via overnight reverse repos. DR007 is China’s short-end money-market anchor; a wide positive spread versus the PBOC 7-day reverse repo signals funding tightness (potentially prompting PBOC injections), while a narrow gap indicates ample liquidity.