GMT EIGHT - OPPORTUNITIES IN CHINA

The main contract for continuous futures of xylene rose by 13% intraday, now trading at 10218.00 yuan.

Germany will partially release its national oil reserves.

Scams, malicious traffic redirection, TikTok warns of "lobster" related security issues.

On March 11th, the Douyin Blackboard released a statement saying that recently, the popularity of intelligent entities such as OpenClaw on the platform has been steadily increasing, leading to a large number of users flocking to the "raising crayfish" community. Some illegal elements have taken advantage of this trend to carry out scams, malicious traffic redirection, and other illegal activities. These perpetrators use headlines such as "Raise crayfish for free" and "If you don't learn to raise crayfish, you will be eliminated by the times" to mass-produce fake tutorials and hands-on teaching materials, engaging in unauthorized marketing content to stir up anxiety and attract user attention. They maliciously take advantage of platform traffic and disrupt the normal content ecosystem, becoming a breeding ground for various illegal activities. The platform reminds users to increase their awareness of security precautions and crack down severely on illegal activities such as scams, traffic redirection, and implantation of malicious programs using hot topics.

Supercomputer Internet will distribute 10 million Tokens to each OpenClaw user for free.

On March 11th, National Supercomputing Internet announced that all OpenClaw platform users will receive a total of 10 million Tokens per person for a limited time of 2 weeks for free. On the same day, the Supercomputing Internet also announced the repurchase price of OpenClaw's Tokens: 0.1 yuan per million Tokens, which is lower than the market average.

International oil prices rebound, with WTI crude oil rising by 4.07%.

International oil prices rebounded, with WTI crude oil rising by 4.07% to $85.443 per barrel and Brent crude oil rising by 3.37% to $90.759 per barrel.

Spot silver lost the 87 USD/ounce mark and fell 1.51% on the day.

G7 Statement: Support the implementation of proactive measures to address the current situation, including using strategic reserves.

According to data from the China Association of Automobile Manufacturers, in February, the export of cars was 672,000 vehicles, a month-on-month decrease of 1.4% and a year-on-year increase of 52.4%.

The total trading volume of the Shanghai and Shenzhen stock markets has exceeded 2 trillion yuan, an increase of 115 billion yuan compared to the same time the previous day.

Baidu Intelligent Cloud releases zero-deployment service DuClaw

Baidu Intelligent Cloud has released the zero-deployment service DuClaw, further simplifying the previous "one-click deployment" mode to "zero deployment". Users do not need to choose the OpenClaw image to deploy cloud servers, nor do they need to configure the API Key for large model inference services, achieving zero-threshold "shrimp farming". Currently, users can directly use this service through the web. In the future, it will gradually support mainstream communication applications such as Enterprise WeChat, DingTalk, and Feishu. According to reports, users do not need to touch any cloud console operations through DuClaw, do not need to understand professional concepts such as images, servers, API Key, etc., and can directly use the complete OpenClaw service after subscribing. DuClaw deeply integrates Baidu's advantageous skills such as Baidu search, Baike, and academic search, and fully supports mainstream large models such as DeepSeek, Kimi-K2.5, GLM-5, and MiniMax-M2.5. Users can flexibly choose and easily complete complex tasks.

Cathay Pacific Airways (00293) releases 2025 annual performance. Shareholders' net profit is 10.828 billion Hong Kong dollars, a year-on-year growth of 9.51%.

Cathay Pacific Airways (00293) announced its full-year performance for 2025, with the group achieving a profit of HK$116.766 billion, an increase of 11.88% year-on-year; the group's attributable profit to shareholders was HK$10.828 billion, an increase of 9.51% year-on-year; and the basic earnings per share were HK$1.655. The group plans to distribute a second interim dividend of HK$0.64 per ordinary share for the year ending December 31, 2025.

Hong Kong stock market midday review: Hang Seng Index rose by 0.08%, Hang Seng Technology Index rose by 0.26%.

Midday closing of Hong Kong stocks, the Hang Seng Index rose by 0.08%, and the Hang Seng Tech Index rose by 0.26%. The Hang Seng Connect ETF Yinhua rose by 0.15%, and the Hong Kong Tech ETF Penghua rose by 0.42%. In terms of sectors, the automobile and personal care products sectors performed well. In terms of individual stocks, Wuyi Vision rose by 22.03%, Tudatong rose by 21.41%, Health 160 rose by 17.25%, Zhonghui Bio-B rose by 16.92%, and Weilai-SW rose by 16.1%; Botai Vehicle Alliance fell by 9.7%, Ruifeng Power fell by 9.7%, Zhaowei Electromechanical fell by 7.61%, Ying En Bio-B fell by 7.42%, and Dipu Technology fell by 6.69%.

The Suzhou Artificial Intelligence Association releases the OpenClaw Rational Application Initiative: calling for not creating anxiety and not advocating myths.

The Suzhou Artificial Intelligence Industry Association, in conjunction with related enterprises and institutions, issues a call to developers, application companies, entrepreneurs, and relevant organizations in the city to promote the professionalization of OpenClaw. Professional organizations will provide secure deployment, training, and trusted delivery services to ensure that intelligent agents are truly embedded in business processes and become reliable productivity tools. They will strictly implement security configuration baselines, adhere to the principle of least privilege, establish data isolation and audit log mechanisms, regularly conduct vulnerability scans and risk assessments, and enhance developer security literacy training. This will ensure that technological innovation and security governance advance in harmony, achieving standardized and orderly development. Industry media, platform companies, and training institutions will rationally guide expectations, objectively demonstrate technological capabilities and limitations, avoid creating anxiety, and not promote myths, collectively creating a practical, rational, and healthy environment for industrial development.

In comparison to Amazon.com, Inc., OpenAI, and Alphabet Inc. Class C (GOOGL.US), a series of AI tools have recently been launched including the multimodal model Gemini Embedding 2.

Google has launched its first multimodal artificial intelligence (AI) model, Gemini Embedding 2, the latest model released by the tech giant that can map text, images, videos, audio, and documents to a unified embedding space.

The crude oil market is trading in a "fog": the US government is frequently sending out mixed messages, causing oil prices to fluctuate and rise.

Traders are working hard to deal with the ambiguous information issued by the United States about the issue of the Strait of Hormuz, causing oil prices to rise.

Shenzhen Stock Exchange: The list of securities for Hong Kong Stock Connect is adjusted, and Dongfeng Group's shares will be removed starting from March 11th.

China Shipowners' Association: By 2025, the total export value of national ship products is expected to reach $55.08 billion, a year-on-year increase of 26.7%.

On March 11, according to the China Association of Shipbuilding Industry, the total export amount of ship products in the country is expected to reach $55.08 billion in 2025, representing a year-on-year increase of 26.7%. Among them, the total export amount of bulk carriers, oil tankers, and container ships, the three main mainstream ship types, is $30.46 billion, accounting for 55.3% of the total export amount.

After meeting with key Republican Senator Tillis, he praised Powell but still refused to lift the personnel blockade on the Federal Reserve.

The nominee of the Federal Reserve Chairman nominated by President Trump, Kevin Warsh, has won praise from a key Republican senator who is currently obstructing his confirmation, but at the end of the meeting, he still failed to obtain a clear path for his nomination. Senator Thom Tillis called it a "good meeting," but he reiterated his intent: unless the Justice Department completes its investigation into Federal Reserve Chairman Jerome Powell, he will block the Senate Banking Committee from advancing any Federal Reserve nominations. This investigation stems from Powell's testimony last year before the committee on renovation issues at the Federal Reserve office. "I think he has the right mindset as he enters the role. That's why I hope to resolve my objections to that 'false investigation' so that we can have him take office before the term begins in May," Tillis told reporters.

Apple's first foldable screen phone is coming. Industry chain stocks are moving in response to the news.

On March 10, individual stocks in the Apple supply chain rose significantly, with companies such as Dongshan Precision, Ao Hai Technology, and Yuhuan CNC all hitting their daily limit. Companies like Lante Optics, Beibang Technology, and Guangda Tongchuang also saw their stock prices increase by over 10%. Recently, the 3D CAD rendering of Apple's first foldable screen iPhone Fold was exposed online, attracting widespread market attention. There are more than 110 concept stocks related to foldable screens in the A-share market, with companies like Lingyi Smart Manufacturing, Meigemite, and Jingce Electronics all predicted by institutions to have a net profit growth rate of over 30% in the next two years.

WTI crude oil rose 5% intraday, now trading at $86.22 per barrel.

The Middle East situation is expected to ease, international oil prices saw a sharp decline, with both American and Brent crude oil dropping by over 11%.

Amid the ongoing tension in the Middle East and high global energy market attention on the security of shipping in the Strait of Hormuz, international oil prices fell sharply on Tuesday.

AI orders drive Oracle Corporation (ORCL.US) Q3 performance surpassing expectations, with cloud infrastructure revenue increasing by 84% year-on-year.

The financial report for Q3 of the 2026 fiscal year released by Oracle Corporation shows that its cloud business growth significantly exceeded market expectations.

On Tuesday, Oracle (ORCL.N) revealed better-than-expected earnings and made optimistic long-term revenue forecasts (due to its strong focus on investing in the artificial intelligence data center field), causing its stock price to rise by 7.8% after hours. The data released showed that Oracle's revenue for the third quarter of fiscal year 2026 grew by 22% year-on-year to reach $17.2 billion, surpassing market expectations of $16.9 billion. Additionally, the company has raised its revenue forecast for fiscal year 2027 to $90 billion, higher than market expectations. Oracle has launched a strong offensive aimed at competing with larger rivals such as Amazon and Microsoft in providing computing resources for artificial intelligence companies.

US Stock Market Move | Income guidance for 2026 lower than expected BioNTech (BNTX.US) plunges more than 20%

On Tuesday, BioNTech (BNTX.US) plunged more than 20% at the opening, marking the biggest drop since April 25th, and is currently trading at $80.20.

US Stock Market Move | First quarterly profit achieved, NIO Inc. Sponsored ADR Class A (NIO.US) increases by 10%.

On Tuesday, Nio (NIO.US) extended gains to 10%, closing at $5.45.

Due to safety concerns, the Ruwais refinery in the UAE has been shut down after a drone attack.

In 2025, NIO-SW (09866) achieved a total income of 87.4875 billion yuan, an increase of 33.1% year-on-year.

NIO-SW (09866) announced that in the fourth quarter of 2025, the automotive sales revenue was RMB 31.6062 billion (USD 4.5196 billion), an increase of 80.9% compared to the fourth quarter of 2024 and an increase of 64.6% compared to the third quarter of 2025. The total revenue was RMB 34.6502 billion (USD 4.9549 billion), an increase of 75.9% compared to the fourth quarter of 2024 and an increase of 59.0% compared to the third quarter of 2025. Gross profit was RMB 6.0741 billion (USD 0.8686 billion), an increase of 163.1% compared to the fourth quarter of 2024 and an increase of 100.8% compared to the third quarter of 2025.

Today's net outflow of funds southbound amounted to HK$ 17.953 billion.

Regarding the Hong Kong Stock Connect (Shanghai), Tencent Holdings and Alibaba-W received net purchases of 2.923 billion Hong Kong dollars and 699 million Hong Kong dollars respectively; Ying Fu Fund had the highest net selling amount at 11.144 billion Hong Kong dollars. In terms of the Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Alibaba-W received net purchases of 725 million Hong Kong dollars and 633 million Hong Kong dollars respectively; Ying Fu Fund had the highest net selling amount at 2.412 billion Hong Kong dollars.

Wuling Motors (00305) announces that it is expected that the shareholders' net profit for the year 2025 will increase by approximately 54% year-on-year.

Wuling Motors (00305) issued an announcement, expecting that the Group will achieve a net profit of approximately RMB 170 million for the year ending December 31, 2025, an increase of about 53% compared to the previous year; and that the company will achieve a profit attributable to owners of approximately RMB 78 million for the year 2025, an increase of about 54% compared to the previous year.

Saudi Aramco CEO: It is expected that global oil demand will reach a record daily 107.3 million barrels by 2026.

The adjustment of the previous period's energy-related crude oil and low-sulfur fuel oil futures contracts, and the limits on price fluctuations and trading margins ratios.

Announcement from the Energy Exchange: Starting from the closing settlement on March 10, 2026, the adjusted daily price limit and trading margin ratios for the following contracts will be as follows: Crude oil futures contracts SC2604, SC2605, SC2606, SC2607, SC2608, SC2609, SC2610, SC2611, SC2612, and subsequent new contracts will have a daily price limit of 20%, with a margin ratio of 21% for hedged positions and 22% for non-hedged positions. Low sulfur fuel oil futures contracts LU2604, LU2605, LU2606, LU2607, LU2608, LU2609, LU2610, and subsequent new contracts will also have a daily price limit of 20%, with a margin ratio of 21% for hedged positions and 22% for non-hedged positions.

Jiangsu: By 2030, cultivate no less than 30 typical application scenarios of "brain-machine interface + consumption".

Jiangsu Provincial Department of Industry and Information Technology and nine other departments issued the "Jiangsu Province Brain-Computer Interface Industry Innovation and Development Action Plan". Among them, it is suggested to cultivate life and consumption application scenarios. Encourage companies to accelerate the integration of brain-computer interfaces with smart Internet of Things, virtual reality, embodied intelligence, and other technologies, innovate non-invasive brain-computer interface product forms such as patch-style, headset-style, ear patch-style, and hairclip-style. Integrate multimodal data such as brain electrical signals, brain infrared light, and electromyographic signals, develop intelligent, lightweight, wearable products and innovative application service solutions, accelerate application exploration and scenario cultivation in areas such as health care, traffic safety, education and training, sports training, entertainment games, and smart homes. Support eligible regions in building product experience and demonstration centers, and strengthen the promotion of brain-computer interface innovative product experiences through public welfare activities such as popular science promotion and health surveys. By 2030, cultivate at least 30 typical application scenarios of "brain-computer interface + consumption".

From HBM locks to endless demand for DRAM and NAND, Micron's "golden moment" is still ongoing.

The rapid rise in prices of DRAM/NAND series storage products is reshaping the long-term contract norms of the global storage industry, especially as the GPU/TPU systems become increasingly dependent on HBM, DRAM, and enterprise-grade SSDs, leading to long-term supply-demand imbalance.

Zhengzhou Commodity Exchange Announces Adjustments to Margin Requirements and Daily Price Limits for Some Futures Contracts Trading.

According to Zhengzhou Commodity Exchange, starting from the settlement on March 10, 2026, the trading margin standards for PTA futures contracts 2604 and 2605 are adjusted to 12%, and the daily price limit is adjusted to 10%; the trading margin standards for PTA futures contracts 2606, 2607, 2608, and 2609 are adjusted to 11%, and the daily price limit is adjusted to 9%; the trading margin standards for short fiber futures contracts 2604 and 2605 are adjusted to 12%, and the daily price limit is adjusted to 10%; starting from the settlement on March 11, 2026, the trading margin standards for PTA futures contracts 2604 and 2605 are adjusted to 15%, and the daily price limit is adjusted to 13%; the trading margin standards for PTA futures contracts 2606, 2607, 2608, and 2609 are adjusted to 13%, and the daily price limit is adjusted to 11%; the trading margin standards for short fiber futures contracts 2604 and 2605 are adjusted to 14%, and the daily price limit is adjusted to 12%; the trading margin standards for short fiber futures contracts 2606, 2607, 2608, and 2609 are adjusted to 13%, and the daily price limit is adjusted to 11%; the trading margin standards for xylene futures contracts 2604 and 2605 are adjusted to 15%, and the daily price limit is adjusted to 13%.

Hang Seng Index rises more than 2%, now trading at 25918.721 points; Hang Seng Tech Index is up 2.151% now.

TSMC's sales in the first two months of this year reached NT$718.91 billion, a year-on-year increase of 29.9%.

According to reports, Quest Global is expected to invite banks to participate in a $1 billion IPO roadshow.

According to sources familiar with the matter, Quest Global Services Pt, supported by the Keire Group, has begun discussions with investment banks about the possibility of conducting an initial public offering in Mumbai, with the potential to raise up to $1 billion. Sources revealed that this Singapore-based engineering services company has been in talks with bankers in recent weeks and is expected to hire advisors soon. As the discussions are being conducted privately, these sources have requested anonymity.

Reviewing the past 50 years of oil price shocks: Now for the market, only two things are most important!

Based on historical experience, the most critical issues in the current global market can be summarized in two points: How long will the oil price shock last? How will the Federal Reserve and other central banks respond?

General Administration of Customs: China's goods trade import and export increased by 18.3% year-on-year in the first 2 months.

On March 10, the General Administration of Customs announced that according to customs statistics, the total value of China's goods trade imports and exports in the first two months of 2026 was 7.73 trillion yuan, an increase of 18.3% year-on-year.

A good start! The growth rate of China's foreign trade has returned to double digits, reaching 18.3%.

The General Administration of Customs released data on March 10, showing that in the first two months of 2026, the total value of China's import and export of goods was 7.73 trillion yuan, with a year-on-year growth rate returning to double digits at 18.3%. Among them, exports were 4.62 trillion yuan, an increase of 19.2% year-on-year; imports were 3.11 trillion yuan, an increase of 17.1% year-on-year. Overall, in the first two months, China's foreign trade continued to show progress and resilience, with its resilience and vitality further highlighted.

Hong Kong's Hang Seng Index opened higher by 1.31%, the State-owned Enterprise Index rose by 1.11%, the Hang Seng Technology Index opened higher by 2%, and Ningde Times surged by 5.96%.

Japanese finance minister: G7 energy ministers will hold an online meeting tonight.

Japanese Finance Minister Katsunobu Kato stated that after the meeting of G7 finance ministers yesterday, G7 energy ministers will hold an online meeting tonight to discuss how to address concerns regarding energy supply. Kato mentioned that after the closure of the Strait of Hormuz caused oil prices to soar, Japan is still considering whether additional energy price relief measures are needed. The G7 has shown coordination in dealing with the surge in oil prices, and communication among members helps in lowering crude oil prices. The finance ministers also discussed the issue of expanding sources of resources.

"Lobster" explosion caused service instability? Tencent apologizes: Already fixed.

Today, Tencent CodeBuddy issued an apology statement, stating that the login and service instability issues caused by the surge in traffic have been fixed. Currently, the service has been fully restored and stabilized, and you can log in and use all functions normally. Tencent stated that this failure was caused by the unexpected increase in user traffic after the public testing of WorkBuddy in China, leading to a momentary overload of core services. We deeply apologize for any inconvenience this may have caused you. After the failure occurred, the technical team urgently expanded capacity by 10 times. We sincerely thank each user for their enthusiastic support and patience. For all new and existing users of the domestic version, we will provide a one-time gift of 5000 Credits before 3/31/2026. Previously, Tencent's all-scenario AI intelligent body WorkBuddy officially launched, with over 20 Skills skill packages and MCP agreements built in. WorkBuddy's domestic version can seamlessly switch between Hunyuan, DeepSeek, GLM, Kimi, and MiniMax.

Oracle Corporation (ORCL.US) Pre-performance Barclays reaffirms "Hold" rating: AI revenue may slightly exceed expectations, but gross margin and EPS may face pressure.

Barclays maintained its "overweight" rating on Oracle ahead of the upcoming financial report, but lowered the target price by 26% from $310 to $230.

Media: White House is preparing to issue an executive order to remove the artificial intelligence of Anthropic.

According to the U.S. media Axios, the White House is preparing to issue an executive order instructing the federal government to stop using Anthropic's artificial intelligence products in its operations. Court documents show that Anthropic's chief financial officer stated that the U.S. government's actions could result in a decrease of billions of dollars in revenue for Anthropic's entire business by 2026. Anthropic filed a lawsuit on Monday seeking to prevent the Pentagon from including them on a national security blacklist, escalating a high-stakes battle with the U.S. military over restrictions on its technology use. Anthropic claims in the lawsuit that this designation is unlawful and violates its freedom of speech and due process rights. Anthropic has filed a lawsuit in a federal court in California, asking the judge to revoke the designation and to prevent federal agencies from enforcing it.

Even if the IEA releases oil reserves, it would be like a drop in the ocean, Trump faces a dilemma of whether to "fill up" or "release"

Using the oil reserves may not necessarily alleviate the price impact of the Iran war.

The conflict in Iran may increase the trade of liquefied natural gas passing through the Panama Canal.

Ricaurte Vasquez, head of the Panama Canal Authority, stated in an interview that ongoing conflicts in Iran could lead to Asian energy buyers seeking alternative sources of liquefied natural gas, thus increasing traffic through the Panama Canal. He mentioned that if the Middle East conflict persists, Asian countries may turn to U.S. LNG suppliers to replace Qatar. He also mentioned that U.S. shipping companies may take advantage of the Panama Canal to shorten routes to Asia, offsetting rising fuel costs. He said, "In the short term, the Asian market must find alternative sources to Qatar's LNG supply, depending on how long this conflict lasts. We should benefit from this, and we have the capability to do so, as we have enough waterways for ship transit." Currently, the canal handles about 34 vessels per day, with the capacity to increase to 38 to meet the additional demand from LNG transporters. He also mentioned that the canal authority will launch a $1.6 billion LNG pipeline project tender next month, which is expected to be operational by 2031.

Trump calls for military action against Iran to end quickly, financial markets shaken, oil prices plummet.

President Trump stated on Monday that the military actions against Iran by the United States may soon come to an end.

EU officials: ready to use strategic oil reserves

On March 9th, local time, the Eurogroup meeting was held in Brussels, Belgium. At the press conference after the meeting, Eurogroup President Pierre Gacis said that they are closely monitoring the market's response to the developments in the Middle East, "We see that energy prices are facing upward pressure." He stated that the meeting that day discussed the types of measures member countries are considering, as well as the necessity of maintaining coordinated action while closely monitoring local situations. Additionally, they examined structural issues regarding European energy. European Commissioner for Economic Affairs Dombrovskis stated at the press conference that it is too early to discuss specific policy measures in response to the Middle East situation. He also mentioned that they are prepared to take necessary actions, including using strategic oil reserves.

Trump says the war is basically over.

According to a post by the Columbia Broadcasting System's White House correspondent on social media on the afternoon of March 9th local time, President Trump reportedly said in a phone interview that the war may soon be coming to an end. Trump was quoted as saying, "I think the war is basically over, almost. They have no navy, no communication system, and no air force." Trump also reportedly said that the progress is much faster than the initial estimated timeframe of 4 to 5 weeks. The reporter also mentioned that when asked about Iran's newly appointed Supreme Leader Ebrahim Raisi, Trump said, "I have nothing to say about him, nothing at all." Trump claimed that there is already a replacement for Raisi in mind, but did not provide further details.

Latest

5 m ago

The night trading of crude oil futures on the Shanghai Futures Exchange rose by 7.05%, closing at 695.00 yuan per barrel. The night trading of gold futures on the Shanghai Futures Exchange fell by 0.40%, while silver futures fell by 2.80%.

7 m ago

Microsoft launched Fireworks AI on the Microsoft Foundry cloud services platform.

9 m ago

Saudi Arabia: intercepted a drone targeting the Shaybah oil field.

21 m ago

The American Automobile Association (AAA) and GasBuddy's price tracking service data show that this week the national average gasoline retail price in the United States has surpassed $3.50 per gallon, reaching the highest level since May 2024. The transportation disruption of Middle Eastern oil through the Strait of Hormuz has caused a surge in global fuel prices, which could harm consumers and disrupt global economic activities.

23 m ago

The first round of US strikes against Iran is estimated to have cost 40 billion dollars.

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