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The local governor stated that the Russian attack on Dnipro, Ukraine, resulted in three deaths.

Russian Ministry of Defense: We attacked targets in Kyiv, Poltava, Odessa and Dnipropetrovsk.

Russian Ministry of Defense: We have struck Ukrainian companies in the metallurgical, fuel, and energy sectors.

On September 22nd, according to the Financial Stability Assessment released by the Monetary Authority of Singapore (MAS) on Tuesday, approximately 80% of the chief risk officers surveyed listed network and operational risks as their primary concern, compared to 77% mentioning geopolitical risks. Financial market stress, particularly from over-investment in AI-related capacity, has emerged as a new major risk category, mentioned by 57% of respondents. While geopolitical risks remain the most significant in terms of impact, the survey results highlight that the potential downside risks of the AI boom are increasingly becoming a major concern for banks, insurance companies, and other financial institutions. The report warns that a renewed escalation of geopolitical tensions or a reassessment of market expectations for AI profitability could trigger a widespread repricing of risky assets, leading to fund redemptions and losses for insurance companies.

The Russian Ministry of Defense stated that it has struck Ukrainian ships and port infrastructure.

According to Interfax news agency, citing the Russian Ministry of Defense, Russia has launched a large-scale strike against targets in Ukraine.

European Central Bank Chief Economist Lane: Artificial intelligence brings a lot of uncertainty to individuals, but I think it will ultimately help improve overall living standards. Some professions may be affected, but in terms of the overall economy, I think the net impact will be positive.

European Central Bank Chief Economist Lane: While the Middle East wars and energy shocks are the main issues at present, we must also consider the temporary positive impact of government spending and the potential long-term positive impact of artificial intelligence.

ECB Chief Economist Lane: The future trajectory of oil and gas prices largely points to an improvement in the situation later this year. Things won't return to normal, but they will be better than they are now. Even so, much uncertainty remains surrounding this benchmark.

European Central Bank Chief Economist Lane: If the energy shock is not so severe, we believe there will be some positive factors for the economy.

Market news: Traders say the Reserve Bank of India may be selling dollars to support the rupee.

On September 22, European Central Bank Chief Economist Lane stated that the latest surge in high energy prices means that Eurozone inflation will remain high for longer than the ECB initially anticipated. He said, "We are currently witnessing a second wave of price increases, involving not only oil but also natural gas. We believe this second wave should lead to higher and more persistent inflation, before falling back towards our target from mid-2027." Lane added, "If the shock this autumn proves to be stronger and more persistent, it will put pressure on the economy. But if the shock is less severe, some positive factors should support growth, such as large-scale public spending implemented in certain parts of Europe. Although the center of AI activity is not in Europe, we still have enough companies active in this sector to allow our economy to benefit as well." The baseline scenario is that, provided the energy shock does not intensify, the European economy should continue to grow at a steady but moderate pace.

On September 22, the Hong Kong Stock Exchange (HKEX) continued to advance its listing mechanism reforms and launched a 10-week public consultation. The consultation document disclosed that the reforms involve simplified arrangements for various listed company transactions and spin-off listings. Following the previous phase of listing mechanism reforms targeting new shares, this second phase focuses on ongoing regulatory requirements for issuers after listing, covering three main areas: disclosable transactions, connected transactions, and spin-offs. The new rules aim to make it more flexible and efficient for Hong Kong-listed issuers to conduct significant acquisitions, sales, and spin-offs of subsidiaries. Under the current Hong Kong Stock Exchange Listing Rules, transactions by listed issuers are categorized according to percentages of assets, profits, revenue, and consideration: transactions reaching 5% but less than 25% are classified as "disclosable transactions," requiring only an announcement; transactions reaching 25% but less than 75% (sales) or 100% (acquisitions) are classified as "major transactions," requiring a circular and shareholder approval; larger transactions are categorized into "very substantial acquisitions" and "very substantial sales."

On September 22nd, at the 2026 Hangzhou Yunqi Conference, Pingtouge announced its plans for the Yitian server CPU. In 2027, it will launch two generations of server CPUs, the Yitian 720 and Yitian 730, with continuously improving single-core performance. In the future, Pingtouge will also launch the Yitian 750 based on its second-generation self-developed core. This chip supports Pingtouge's self-developed ICN inter-chip interconnect bus protocol, allowing direct interconnection with the Zhenwu AI chip via the ICN bus, further improving the collaborative efficiency between the CPU and the AI chip and meeting the computing power demands of the Agentic era.

September 22nd - According to a Wall Street Journal survey of ten economists, nine expect the Indonesian central bank to keep its benchmark seven-day reverse repo rate unchanged at 5.75% on Wednesday. One economist predicts the central bank will raise rates by 25 basis points to 6.0%. HSBC economists stated in a report that the stability of the Indonesian rupiah may give the central bank room to hold rates steady at its September meeting. However, oil prices, El Niño, and the dollar's performance could pose risks to inflation, the fiscal deficit, and the trade balance, and could weaken the rupiah later this year. HSBC expects the next central bank rate hike to occur in the fourth quarter, bringing the benchmark rate to 6.0%.

On September 22, the new generation of Qianwen AI hardware made its debut at the Yunqi Conference, including the Qianwen AI Glasses N1 and N1 Pro, and the Qianwen AI clip-on earphones. Online pre-orders for the three new products opened on the same day, and they will be available for immediate purchase on October 13.

European Central Bank Chief Economist Lane: We have not yet seen a second wave of inflation. Rising energy prices will push up food prices, and pressure on the service sector should remain under control. The economy will grow at a stable but moderate pace.

European Central Bank Chief Economist Lane: Inflation will be higher than expected and will last longer.

On September 22, Fitch Ratings stated in a report that Japan's data center industry is entering a new phase as AI workloads become increasingly power-intensive. Power supply conditions are increasingly impacting the development schedule, site selection decisions, and feasibility of data center projects in Japan. Increasingly severe power and land resource constraints in the Tokyo area are prompting future development activities to shift to other regions of Japan, which are better positioned to support AI infrastructure development and meet growing power demands. In some urban development projects, growing resistance from local communities adds additional risks to project execution. Fitch also noted that government policies are increasingly favoring the deployment of digital infrastructure across a wider geographic area.

Jefferies raised its price target for Meta Platforms (META.O) from $710 to $875.