Group 1 - Domestic commodity futures opened lower in the morning, with most contracts declining [1] - The Shanghai copper main contract opened slightly higher, with a daily decline narrowing to 2.07%, currently reported at 85,040.00 CNY/ton [1] - The FTSE China A50 index futures fell by 2% at the start of trading, following a previous session decline of 4.26% [1] Group 2 - Spot gold rose by 0.72%, reaching a maximum of 4,060.05 USD/ounce [1] - The international copper main contract's daily decline narrowed to 2.00%, currently reported at 75,600.00 CNY/ton [1] - Other commodities such as crude oil and glass fell over 3%, while BR rubber and NR dropped over 2% [1]

Group 1 - The general consensus among institutions is that the potential restart of interest rate cuts by the Federal Reserve will lead to sustained global liquidity, benefiting A-shares and H-shares as domestic earnings are expected to turn upward [1][5] - Goldman Sachs' chief China equity strategist Liu Jinjun and his team maintain an overweight rating on A-shares and H-shares, predicting potential upside of 8% and 3% for the two markets over the next 12 months, respectively [5] - The Southern Fund's manager for the Hong Kong pharmaceutical sector highlights significant progress in China's innovative drug industry over the past three years, enhancing its competitiveness globally [5] Group 2 - On September 18, the A-share market experienced a high-to-low trend, with the Shanghai Composite Index approaching the 3900-point mark before declining in the afternoon [2] - The Asia-Pacific market indices closed mixed on September 18, with the South Korean Composite Index rising by 1.40% to 3461.30 points [2] - Domestic commodity futures saw most main contracts decline, particularly in the precious metals sector, while government bond futures also fell [2] Group 3 - On September 18, the onshore RMB closed at 7.1079 against the USD, down 23 basis points from the previous trading day [4] - The China Convertible Bond Index fell by 0.68% to 476.2 points on September 18 [3] - The performance of ETFs was mixed on September 18, with the industrial and non-ferrous ETF dropping by 4.14% [3]