A-share evening hotspots | It's all about crude oil! Exchange takes action to cool down, "three barrels of oil" and other stocks signal risks in batches.

date
22:28 03/03/2026
avatar
GMT Eight
China National Petroleum, Sinopec, CNOOC, PetroChina, Guanghui Energy, CNOOC Engineering, Sinopec Oilfield Service, Zhenma Oil and CIMC South Oil have successively issued risk warning announcements.
1. The first press conference of the "Two Sessions" was held, and the agenda of the National Committee of the Chinese People's Political Consultative Conference was announced. Importance: The press conference of the National Committee of the Chinese People's Political Consultative Conference was held on the afternoon of March 3rd, where the spokesperson, Liu Jieyi, introduced the relevant details of the conference to both domestic and foreign media. Liu Jieyi stated that the Fourth Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference will open at 3 pm on March 4th at the Great Hall of the People, and will adjourn on the morning of March 11th, lasting 7 days. The main agenda of the conference includes: - Listening to and deliberating on the work report of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and the report on the work of proposals; - Attending the Fourth Session of the Fourteenth National People's Congress, listening to and discussing the government work report and other related reports, as well as discussing the draft outline of the Fifteenth Five-Year Plan for national economic and social development; - Deliberating and passing political resolutions of the Fourth Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference, resolutions on the work report of the Standing Committee, resolutions on the report on the work of proposals since the Third Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference, and reports on the review of proposals at the Fourth Session of the Fourteenth National Committee of the Chinese People's Political Consultative Conference. 2. Gold and silver prices plummet! Major news from the Middle East, the U.S. issues 6 evacuation orders in a row. Importance: Due to the impact of the situation in the Middle East, on March 3rd, after a collective decline in the Asia-Pacific stock markets, the performance of the European and American stock markets was also not optimistic, and both gold and silver followed suit in plunging. As of 10:00 pm Beijing time on March 3rd, spot gold fell by over 3%, while spot silver fell by nearly 8%, having previously plunged 12% to below $79 per ounce. Safe-haven sentiment turned negative, and analyst Thu Lan Nguyen of Deutsche Bank explained, "This is likely due to the market currently focusing more on the inflation risks caused by the Middle East war, thus reducing expectations for interest rate cuts. This also explains why the U.S. dollar continues to strengthen." It is worth noting that in just 3 hours in the early morning of March 3rd Eastern Time, the U.S. State Department issued 6 evacuation orders in a row, requiring non-essential government personnel to evacuate from Jordan, Bahrain, Iraq, Kuwait, Qatar, and the United Arab Emirates. (Translated by GMTEight)