K-linePoet

Although due to insufficient orders, terminal weaving continues to slightly reduce its workload, causing both filament and short fiber to be passively accumulated to relatively high levels, and polyester capacity utilization has slightly declined passively; however, as the U.S. president continues to threaten to bomb Iran's bridges and power plants, market expectations that the U.S.-Israel conflict with Iran will persist remain. Driven by the anticipation of raw material supply contraction, PX prices have rebounded rapidly. In the short term, spot supply is relatively sufficient, and it is recommended to pay attention to opportunities for futures-spot arbitrage; until the U.S.-Israel conflict with Iran is resolved, cautious participation is advised. (Haitong Futures)

Qichacha APP shows that recently, Hohhot Times Electric Service Technology Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes artificial intelligence application software development; software development; information technology consulting services; intelligent control system integration, etc. Equity penetration data from Qichacha indicates that the company is indirectly wholly owned by CATL. (People's Financial News)

GCL System Integration announced that the shareholder Shenzhen Qianhai Oriental Venture Capital Financial Holdings Co., Ltd., which held more than 5% of the shares, has completed its reduction plan. From March 12 to March 17, 2026, the company reduced a total of 58 million shares through centralized bidding, with average prices of 5.84 yuan/share, 5.11 yuan/share, and 5.63 yuan/share, accounting for 0.9914% of the company's total equity and 0.9992% of the total equity excluding shares held in the repurchase dedicated account; after the reduction, the shareholding is 235 million shares, accounting for 4.0486%.

Global stock markets are recovering, with technology stocks surging collectively, and the US stock market has experienced a significant rebound. Despite the market facing risks from Middle East conflicts, economic resilience and profit growth have supported the stock market. News about the Iran conflict has impacted the capital markets, with investors focusing on future trends and policy support.

The electronic chemicals sector surged straight up, with Tongyu New Materials rising over 10%, followed by Guanggang Gas, Fuwotai, Fangbang Shares, Ruilian New Materials, Wanrun Shares, and others.

Lamei Pharmaceuticals Announcement: In 2025, operating revenue is expected to be 776 million yuan, a decrease of 2.50% year-on-year. Net loss attributable to shareholders of the listed company is 135 million yuan, compared to a net loss of 87.8044 million yuan in the same period last year. The company plans not to distribute cash dividends, not to send bonus shares, and not to convert capital reserves into share capital.

On the evening of March 4th, the three major U.S. stock indices all opened higher, with the Nasdaq up over 1%. U.S. non-farm payrolls for February increased by 63k, exceeding expectations. Micron Technology and Tesla among tech stocks performed strongly, and the Nasdaq China Golden Dragon Index also rose over 1%. Chinese concept stocks generally increased, especially Zai Lab and Huitu Technology showing outstanding performance.

The Sci-Tech Innovation 50 Index rises by 1%, currently at 1268.78 points.

Japanese Defense Minister Shinjiro Koizumi announced the deployment of missiles with "enemy base attack capability" in Kumamoto and Shizuoka, marking a shift in defense policy. The missiles have offensive capabilities, sparking public protests, and comments suggest they go beyond the scope of "self-defense."

On March 5th, the three major U.S. stock indices opened lower, with most chip stocks declining, gold and silver stocks falling, and oil stocks rising. Berkshire Hathaway resumed its stock buyback program. Iran launched missiles at U.S. military oil tankers, claiming the right to control the Strait of Hormuz. The number of initial unemployment claims in the U.S. was slightly below expectations, indicating the labor market remains steady. The probability of the Federal Reserve cutting interest rates has dropped to a historic low.

Today, the China Securities Regulatory Commission implemented the "Regulations on Short-Selling Trading Supervision," aiming to prevent major shareholders and senior executives from exploiting information advantages for short-term trading and to maintain market fairness. The new rules specify the applicable subjects, trading timing, and exemption scenarios, and detail regulatory requirements.

Since its opening, the China-Laos Railway has transported over 70 million passengers. The number of daily passenger trains on the domestic section has increased from 8 to 86, and on the Laos section from 4 to 18, greatly promoting regional economic and cultural exchanges.

U.S. stocks fell sharply, mainly due to the surge in oil prices, with the Dow Jones Industrial Average dropping over 600 points. Supply concerns caused by the Iran conflict intensified, leading to continued oil price increases. Although Trump stated that the U.S. will provide navigation guarantees, the market remains uncertain about the future. Analysts predict that if the conflict is resolved, Brent crude oil prices may retreat.

ETFs opened with mixed gains and losses. The Cash Flow ETF (159276) led the gains with a 4.97% increase, Hong Kong Stock Connect 100 ETF (513900) rose 3.01%, and the Hang Seng Biotechnology ETF (159132) increased by 2.98%. The Pharma ETF (562050) led the declines with a 0.88% drop, Financial Technology ETF (516100) fell 0.71%, and the CSI 500 Cash Flow ETF (560120) decreased by 0.7%.

The Hong Kong-registered container ships “COSCO North Arctic” and “COSCO Indian Ocean” passed through the Strait of Hormuz on March 31, marking the first passage of large vessels since late February and restoring confidence in the global supply chain. The two ships are expected to arrive at Port Klang in Malaysia on April 6.

BlackRock's iShares U.S. Equity Factor Rotation Active ETF(DYNF.US) attracted significant capital inflows, but its recent performance has been average, with a 6.1% return over the past six months. Although it has not been able to timely capture market style rotations in the short term, its long-term performance remains strong. The fund primarily invests in the technology sector and needs time to adjust its strategy to adapt to market changes.

During the holiday period, U.S. stocks did not fall but rose again, once again confirming that a decline in U.S. stocks is an unbearable burden for the U.S. economy. Trump continues to play out the boring script of "threatening as the weekend approaches and compromising just before the market opens," with the core purpose of demonstrating his negotiation skills with Wall Street. We believe that the Iran-U.S. issue has not yet been fully settled, and recommend paying attention to whether Trump's repeatedly delayed threats will materialize. Observe more, act less. (CICC Wealth Futures)

According to the Ministry of Commerce, on March 30, 2026, the UK Trade Remedies Authority issued an announcement deciding to initiate an anti-absorption review investigation into anti-dumping measures applicable to imported excavators originating from China, in order to determine whether to maintain or adjust the current anti-dumping tax rates. In December 2024, the UK Trade Remedies Authority, after an investigation, decided to impose provisional anti-dumping measures on excavators from China, and in May 2025 it issued its final determination to levy anti-dumping duties ranging from 18.81% to 40.08%.