Friday, September 11, 2026 — Enflame’s 188% Shanghai debut, a post-ECB dollar bid, and Nifty halting its slide are the three stories setting the tape.

South China Sea risk is live — Manila says flares fired at aircraft near Subi and Mischief Reefs, plus a new note and China coal mine farming plan. Watch shipping and defense names. Dollar rises, euro slips after the ECB hike, and rising US debt/inflation keep pressure on long-end Treasury yields. Bad signal for Asia FX and duration. Enflame jumps 188% in its Shanghai debut as China’s Nvidia challenger. The issue is whether this is real demand or just a tight float. SpaceX changed Korea’s Anthropic IPO playbook and HKEX, HKMA, DFSA and Nasdaq Dubai formed a working group. Asia listing flows are repricing. Nifty halts losing streak and asks if a short-term reversal is possible. BSE falls 3% as NSE gets closer to its mega IPO — not sure people appreciate the overhang. RBI’s Malhotra says fintechs must treat data as fiduciary duty, not business asset. That’s a compliance cost and model risk for Indian fintech names. US producer inflation tops expectations as diesel costs jump. Sticky inpu

South China Sea risk is live — Manila says flares fired at aircraft near Subi and Mischief Reefs, plus a new note and China coal mine farming plan. Watch shipping and defense names.