GMT EIGHT - OPPORTUNITIES IN CHINA

"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.

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.

WTI crude oil fell below $83 per barrel, dropping 8.69% intraday.

The G7 is ready to take action to support global energy supplies and may release strategic oil reserves if necessary.

The Group of Seven (G7) has made new progress in addressing energy supply risks.

Oil price surge impact energy market G7 has not yet reached consensus on joint release of strategic oil reserves

At the time when the war in Iran has caused severe turbulence in the global energy market, the Group of Seven (G7) is closely monitoring the situation, but has not yet reached a consensus on jointly releasing strategic oil reserves.

Contemporary Amperex Technology (03750) announced that its net profit attributable to shareholders in 2025 is approximately 72.201 billion yuan, a year-on-year increase of 42.28%. A dividend of 69.57 yuan will be paid for every 10 shares.

Ningde era (03750) announced its performance in 2025, with operating income of approximately 423.702 billion RMB, a year-on-year increase of 17.04%; net profit attributable to shareholders of the listed company was approximately 72.201 billion RMB, a year-on-year increase of 42.28%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately 64.508 billion RMB, a year-on-year increase of 43.37%; basic earnings per share was 16.14 RMB, and a cash dividend of 69.57 RMB per 10 shares is proposed (including tax).

Did Russian oil come to save the market? The Black Sea port resumed loading and the soaring oil prices welcomed a "cooling valve".

Unexpected variables in the Hormuz Storm: Russia's resumption of exports combined with the US exemption deal. This has relaxed the "stagflation" logic that had heavily impacted the stock market.

US Stock Market Move | OpenClaw's popularity is rising, KINGSOFT CLOUD (KC.US) surges more than 15% in early trading.

On Monday, Kingsoft Cloud (KC.US) surged by more than 15% in early trading, reaching $13.80 per share.

Geopolitical conflicts trigger a rise in international oil prices, with major oil companies increasing their oil price expectations. "Three major oil companies" profit forecasts and target prices have risen in unison.

Driven by the strong rise in oil prices, many international major banks have raised their profit forecasts and target prices for the "big three oil companies", making the energy sector the focus of the market in an instant.

The leading indicator of economic conditions looks promising: Contemporary Amperex Technology (03750) contract liabilities exceed 49.2 billion yuan, an increase of 77%.

CATL's 2025 annual report released by Ningde Times shows that the company's revenue has returned to a growth track, with total revenue reaching 423.7 billion yuan, an increase of 17% year-on-year; net profit attributable to shareholders increased by 42% to 72.2 billion yuan, and the unit profit ability further strengthened.

Brent crude oil fell below $104 per barrel, up 12.10% on the day.

Net inflow of funds from the south reached HKD 35 billion.

The VIX volatility index rose by 5.53 points to 35.02, hitting a new high since April 2025.

Multiple places announced a reduction in parking fees: lowering the starting price, extending the free parking period, making short-term parking more cost-effective.

Since 2026, many places have successively announced a reduction in public parking lot and road parking fees. One change is the reduction in the fee standards: for the first type of government-invested public parking lot, the starting price for the first hour has been reduced from 5 yuan for the first 2 hours to 3 yuan for the first hour; for the core second class and peripheral area of the fifth type of road temporary parking spaces, the starting price for the first hour has been reduced by 1 yuan. In terms of renewal duration, the billing duration has been shortened, from 1 hour to 30 minutes and from 30 minutes to 15 minutes, making the billing method more precise and reasonable. Another change is the expansion of the free range: first, extending the free duration. The one-year trial promotion has been solidified as a policy outcome, specifying that all public interest institutions in the third category can park for free for up to 2 hours in supporting parking lots. Second, expanding the free range. Roadside parking is free at night; during major holidays such as the Spring Festival, May Day, and National Day, the first type of public parking lots and the fifth type of road temporary parking spaces are open for free.

Oil prices close to $120! War causes Middle East to fall into oversupply reduced production, crude oil expands gains, gold falls.

The Iran war forced further cuts in oil production, causing oil prices to soar to around $120.

National Bureau of Statistics: In February, the year-on-year decline in PPI narrowed by 0.9%, a decrease of 0.5 percentage points from the previous month.

In February 2026, the national industrial producer prices fell by 0.9% year-on-year, a decrease of 0.5 percentage points from the previous month; on a month-on-month basis, they increased by 0.4%, the same as the previous month.

National Bureau of Statistics: In February, the year-on-year increase in the CPI was 1.3%, and the month-on-month increase was 1.0%.

In February 2026, the national consumer price index rose by 1.3% year-on-year.

National Bureau of Statistics: In February 2026, the national consumer price index rose by 1.3% year-on-year.

The Nikkei 225 index opened at 54,608.63 points in the morning, a decrease of 1.82%.

Crude oil breaks $100, US stock futures plummet, and VIX panic index surges! Analysts warn: the worst time for the market has not yet arrived.

The flames of war are raging, spot oil prices break through $110, and US stock index futures are falling.

Mujeetaba elected as the new supreme leader of Iran.

According to CCTV news, on the 9th local time, Hossein Khamenei, the son of Ali Khamenei, was elected as the new supreme leader of Iran.

Goldman Sachs: Middle East tension unresolved, speculators bet heavily on US stock market correction

Goldman Sachs said that hedge funds have increased their short positions on US stocks amidst the battle.

NVIDIA's new chips may adopt Samsung or Hynix's HBM4 technology.

NVIDIA plans to use Samsung and Hynix's HMB4 memory technology in its new Vera Rubin chip.

Oil tanks filled, oil tankers shut down, multiple countries forced to reduce production! The oil price skyrocketed by 20% at the opening, breaking through $110.

With key waterways almost completely closed, more major oil-producing countries cutting production, and the United States threatening to deepen the conflict that has already disrupted the energy market, the international price of oil has soared to over $110 per barrel.

"Energy nuclear bomb" completely detonated! Goldman Sachs: may soar to $150 this month, impact far beyond Russia-Ukraine conflict.

Brent crude oil surged 20% to $111.04 per barrel at the opening, while West Texas Intermediate crude oil rose 22%. Due to the continued closure of the Strait of Hormuz, storage quickly filled up, leading the United Arab Emirates and Kuwait to start reducing production, and Iraq began halting production last week.

The port was illegally taken over by the Panamanian government, and Cheung Kong Holdings is claiming $2 billion in compensation.

Hong Kong-based Hutchison Whampoa Limited's Panama Ports Company issued a statement on the 6th, stating that they have taken further actions to hold the Panamanian government accountable for their illegal takeover of the two container terminals in Balboa and Cristobal ports on February 23 this year. The Panama Ports Company has initiated international arbitration against the Panamanian government under the International Chamber of Commerce arbitration rules, seeking compensation of at least $2 billion.

Apple may launch three new Ultra products.

Technology journalist Mark Gurman said that Apple plans to launch at least three new Ultra-level devices this year. Despite Apple's current entry-level product line - Apple Watch SE, 11th generation iPad, and MacBook Neo - being well-established, the company is undergoing a more significant transformation towards higher-end Ultra devices. Apple plans to launch at least three such products this year: iPhone Ultra: priced at approximately $2000, equipped with a large internal screen and under-screen sensors, this first foldable screen iPhone will "eclipse other models in the product line." AirPods Ultra: priced higher than the existing AirPods Pro, positioned at the top of the product line. The new AirPods will feature a computer vision camera, providing visual intelligent data for Siri. MacBook Ultra: featuring a touch-supported OLED screen, the overall price will be increased by up to 20%. This new device will be positioned higher than the current M5 Pro and M5 Max versions of the MacBook Pro, rather than replacing them.

Fully embrace the OpenClaw ecosystem - Wondershare Technology Group (300624.SZ) officially launches part of Skills on ClawHub.

Intelligence Finance APP learned that on March 8th, AIGC software A-share listed company Wanxing Technology (300624.SZ) increased its investment in AI Agent and became the first to fully embrace the globally popular OpenClaw ecosystem. It announced that nearly ten atomic abilities of its Wanxing Tianmu creation engine targeting developers and enterprise users have officially launched on the overseas OpenClaw market platform ClawHub. Users can log in to access relevant atomic abilities with a single click, unlocking the entire chain of audio and video creation from creativity to finished product, and can use this to create their own exclusive AI Agent.

JP Morgan: Short-term driver for Hong Kong banking stocks is uncertainty in Middle East geopolitics.

The overall industry trend shows that despite the continuous decline of Hong Kong interbank interest rates and the still loose liquidity environment, loan growth continues to recover steadily against a backdrop of generally stable asset quality.

Soochow: Beware of the chain reaction brought by the "prolonged conflict". It is suggested to divide the technology + energy holdings into three response paths.

Analogous to 2022, oil prices will become the core price contradiction in the subsequent market.

Wang Yi: Continuing to optimize personnel exchanges policies and further release visa exemption dividends.

Wang Yi said that we will continue to optimize personnel exchange policies, further release visa-free benefits, improve various supporting services, make it more comfortable and convenient for foreign friends to travel and live in China, and make it smoother and safer for Chinese citizens to "go out".

Zhongjin: The contradiction between supply and demand in overseas electricity is prominent, and Chinese manufacturers are welcoming an accelerated period of going global.

Overseas data centers are facing the dilemma of difficulty in finding electricity, with waiting times in congested areas of power grids in Europe and America reaching over 7 years.

OpenAI's annual revenue exceeds 25 billion dollars, Anthropic closing the gap.

Insiders revealed that as of last month, OpenAI's annualized revenue has surpassed $25 billion. This figure represents a 17% growth in annualized revenue compared to the company's $21.4 billion at the end of last year. OpenAI's revenue is still higher than its competitor Anthropic, but the gap between the two giants is narrowing: Anthropic's annualized revenue recently surpassed $19 billion, doubling from the end of last year, and increasing by 36% compared to two weeks ago. OpenAI calculates annualized revenue by multiplying the income of the past four weeks by 12. If OpenAI were to calculate this metric based only on the peak income of the last week, its annualized revenue would be around $30 billion. Recently, Anthropic's success in selling AI models for processing encoding tasks has helped rapidly narrow the income gap with OpenAI.

The spokesperson of the Ministry of Commerce responded to questions from reporters regarding ASML's mass banning of the use of office software by Chinese employees.

A reporter asked: On March 6th, ASML China issued a customer announcement, stating that ASML Netherlands recently disabled the office accounts of ASML China employees in large quantities, resulting in some office systems being unusable and affecting some production processes. What is the Ministry of Commerce's comment on this? I have noticed the relevant reports. With the promotion of both China and the Netherlands, SMIC and ASML Netherlands are currently negotiating on internal disputes in the company. However, at this time, ASML Netherlands has disabled the office accounts of ASML China employees in bulk, creating new conflicts and making it difficult for the company to negotiate. China has always held a responsible attitude towards the global semiconductor supply chain. ASML Netherlands' actions this time seriously disrupt the normal production and operation of the company. If it triggers another crisis in the global semiconductor supply chain, the Dutch side must take full responsibility for it.

Merchants Macro: The employment structure of the US labor market is fragile, and overseas stagflation expectations are rising.

After the data was released, overseas interest rate cut expectations fell back to one interest rate cut in July this year.

Minister of Culture and Tourism: The number of domestic travelers and their spending during the entire year of 2025 and the Spring Festival holiday in 2026 both reached record highs.

Minister of Culture and Tourism Sun Yueli stated at the fourth session of the 14th National People's Congress' theme press conference on March 7th that during this year's 9-day Spring Festival holiday, domestic tourism reached 5.96 billion visits, with spending exceeding over 800 billion yuan, hitting a new historical high. By 2025, the number of domestic resident trips is expected to surpass 6.5 billion, a year-on-year increase of over 16%, with spending reaching 6.3 trillion yuan, a year-on-year growth of 9.5%, also setting a new historical record.

Xpeng (XPEV.US) G6 Super Long-Range Version Listed: 2250 TOPS Computing Power + Second Generation VLA

Xiaopeng Motors held a press conference in Guangzhou, announcing the official launch of the Xiaopeng G6 super extended-range version.

After hours, Vertiv Holdings rose more than 5%, EchoStar communication rose 4%, Lumentum rose more than 2%, and Coherent rose more than 1%. Standard & Poor's Dow Jones Indices has included the above companies in the S&P 500 Index.

US crude oil futures closed at $90.90 per barrel, rising $9.89, marking the largest single-day increase since April 2020.

The Dow fell 0.95%, the Nasdaq fell 1.59%, and the S&P 500 fell 1.33%. Among the top traded stocks, Nvidia fell 3.01%, Tesla fell 2.17%, Broadcom fell 0.69%, and Micron Technology fell 6.74%.

Nasdaq China Golden Dragon Index closed up 0.75%

Wanguo Data increased by 7.16%, Haitian Network increased by 7.10%, Tims China increased by 6.47%, Youpinche increased by 6.11%, and Jingdong increased by 6.14%.

US Stock Market Move | Star Technology Stocks Generally Decline, Meta (META.US) Falls More Than 3%

On Friday, tech stocks in the U.S. fell, with Meta (META.US) dropping more than 3%.

Shenzhen Zhaowei Machinery & Electronics (02692): Priced at 71.28 Hong Kong dollars per share, the Hong Kong public offering received 1536.76 times oversubscription.

Zhaowei Electrical (02692) announced that the company will globally issue approximately 26.7483 million H shares, with 10% of the shares being offered in Hong Kong and 90% offered internationally. The final offer price is HK$71.28 per share, with a net raise of approximately HK$1.828 billion from the global sale. Trading of the H shares, with a lot size of 100 shares, is expected to commence on the Stock Exchange of Hong Kong at 9:00 a.m. on Monday, March 9, 2026.

Ecolab Inc. (02649) finally priced its shares at 11 Hong Kong dollars per share, with the public offering in Hong Kong oversubscribed by 5,297.23 times.

You'll share the match (02649) announced the distribution results, the company sold about 20.336 million H shares globally, with 10% of public sales in Hong Kong and 90% of international sales. The final offer price is HK $11.00 per share, with a net fundraising of approximately HK $176 million from global sales. Each lot is 200 shares, and it is expected that H shares will begin trading on the Hong Kong Stock Exchange at 9:00 am on Monday, March 9, 2026.

Traders increase holdings betting that the Federal Reserve will cut interest rates at least once in 2026.

Latest

1 m ago

The main PTA futures contract fell 5% intraday, now reporting 5980.00 yuan.

3 m ago

The continuous main contract of polypropylene fell 5% intraday and is now reported at 7605.00 yuan.

3 m ago

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

3 m ago

The lithium carbonate continuous main contract rose 6% intraday and is now trading at 165900.00 yuan.

4 m ago

The Straits Times Index, Singapore's benchmark stock index, rose 1.8% to 4840.77 points.

Seeking Coverage

Being Writer

Exploring Cooperation