March 10 Morning News Summary

【Morning News Highlights】 [Taoguba]

1. U.S. President Trump stated at a press conference on the 9th that due to market turmoil caused by the U.S. and Israel’s attacks on Iran, he will lift some oil-related sanctions to stabilize oil prices. Trump also said that the conflict with Iran “will end soon,” but “not” within this week. As a result, WTI crude oil opened down 10% in the Asian session to $85.52 per barrel. As of press time, it remains down 6.7%, at $88.3 per barrel.
2. Starting from 24:00 on March 9, domestic retail prices for gasoline and diesel increased by 695 yuan and 670 yuan per ton respectively. On average nationwide: 92-octane gasoline, 95-octane gasoline, and zero diesel increased by 0.55 yuan, 0.58 yuan, and 0.57 yuan per liter respectively. Filling a 50-liter tank with 92-octane gasoline will cost 27.5 yuan more.
3. The National Development and Reform Commission stated that China National Petroleum Corporation, Sinopec, China National Offshore Oil Corporation, and other crude oil processing enterprises should organize production and transportation of refined oil to ensure market stability, and strictly implement national pricing policies.
4. Wuxi High-tech Zone released “Several Measures to Support the Integration of OpenClaw and Other Open Source Community Projects with OPC Community (Draft for Comments).” The 12 policies range from basic support to industry implementation, from talent recruitment to safety compliance, with individual support up to 5 million yuan.
5. As of the close on the 9th, net inflow of southbound funds reached 37.213 billion HKD, setting a record for the highest single-day net purchase.
6. CATL announced that its 2025 net profit will reach 72.201 billion yuan, a year-on-year increase of 42.28%. The company plans to distribute a cash dividend of 69.57 yuan per 10 shares (tax included). In Q4, net profit was 23.167 billion yuan, exceeding analysts’ consensus estimate of 18.1 billion yuan. The company plans to issue bonds not exceeding 40 billion yuan.
7. Tianqi Materials announced that its 2025 net profit will grow by 181% year-on-year, with a plan to distribute 3 yuan per 10 shares; Tonghuashun announced a 75.79% increase in net profit for 2025, with a 10-for-4 stock split and a dividend of 51 yuan; *ST Songfa announced a 1083% increase in net profit for 2025.
8. Guangyang Co., Ltd. announced signing a strategic cooperation agreement with Zhujiji Dynamics to jointly develop integrated joint modules; Zhongbei Communications announced signing a service procurement contract worth 429 million yuan to provide computing resources and related services.
9. Ningbo Construction announced that its current main business under Zhongjing Cloud is only the leasing of cabinet spaces and is not included in the company’s consolidated financial statements.
10. *ST Jinlun announced that its stock may be delisted due to a market value below 500 million yuan.
11. Hengrui Medicine announced that its subsidiary received approval for clinical trials of HRS9531 injection.
12. The three major U.S. stock indices closed higher on Monday: Dow +0.5%, Nasdaq +1.38%, S&P 500 +0.83%. Storage concept stocks surged, with SanDisk up over 11%, Western Digital up over 6%, Micron Technology up over 5%. Chip stocks also rose, with ASML and AMD up over 5%.
13. Reports indicate that G7 energy ministers will hold a video conference on Tuesday morning Eastern Time. The U.S. believes that jointly releasing 300 to 400 million barrels of crude oil is appropriate.
14. Trump considers taking control of the Strait of Hormuz to ensure global energy and oil supply security.
15. Putin and Trump had their first call this year, discussing Iran issues. The EU stated that the U.S. informed G7 partners that sanctions exemptions for Russia are temporary and very limited in scope.
16. Iran stated it will only end the war when it is certain it will no longer be attacked, and the countries that expelled U.S. and Israeli ambassadors in the Strait of Hormuz are open.
17. It is reported that Saudi Arabia has begun reducing crude oil production, and Qatar will delay a major liquefied natural gas expansion project.
18. A New York Fed survey shows that consumer inflation expectations remained generally stable in February, with expectations of voluntary resignations falling to a record low.
19. A Bloomberg Markets Pulse survey last week found that investors believe the Korean stock market is most vulnerable to the Iran conflict.
20. Apple is reportedly delaying the release of a long-anticipated smart home display device until later this year.
21. Samsung expressed hope to reach strategic cooperation agreements with more AI companies to integrate various AI models into its smartphones, aiming to weaken Apple’s global market lead.
22. U.S. Central Command issued a statement on March 9 that U.S. military operations recently destroyed or damaged about 50 Iranian ships and struck over 5,000 Iranian targets.

【Major Reminders】

① No new stock offerings today.
② On March 10, the General Administration of Customs will release import and export data for January-February.
③ The U.S. will hold a roundtable with robot manufacturers on March 10.
④ The HarmonyOS Connect Partner Summit and HarmonyOS Smart Selection 2026 Spring New Product Launch will be held on March 10.
⑤ The theme summit “Powering Life with Computing—From API to All-Scenario AI Applications” will be held on March 10.
⑥ Saudi Aramco, the world’s largest oil and natural gas company, will announce its latest earnings on March 10.
⑦ Today, Industrial Fulian, Chongqing Beer, Yueyang Forest Paper, and other companies will disclose their 2025 annual reports.
⑧ A 34.3 billion yuan 7-day reverse repurchase will mature today.
⑨ U.S. February existing home sales data will be released today.

【Overnight Global News】

1. U.S. President Trump said in a phone interview that the war could end soon. Trump also claimed that “there is already a candidate in mind to succeed Khamenei,” but did not elaborate further.
2. G7 energy ministers will hold a video conference on Tuesday morning Eastern Time. The U.S. believes that jointly releasing 300 to 400 million barrels of crude oil is appropriate.
3. G7 finance ministers issued a statement on March 9, saying that all parties are ready to take necessary measures, including releasing reserves, to support global energy supply.
4. Russian President Putin and U.S. President Trump spoke on the same day, focusing on Middle East issues related to Iran and the Ukraine peace negotiations.
5. French President Macron stated on the 9th that France may send troops to the Strait of Hormuz.
6. Ukrainian President Zelensky said that the planned Ukraine-U.S.-Russia talks this week have been postponed due to Middle East tensions.
7. Croatia announced on the 9th a two-week price cap on gasoline and diesel, lasting until the 23rd of this month.
8. Reports indicate that in the first week of U.S. and Israeli military actions against Iran, about 6 billion USD has been spent.
9. The three major U.S. stock indices closed higher: Dow +0.5%, Nasdaq +1.38%, S&P 500 +0.83%. Major European indices closed lower, with Germany’s DAX 30 down 0.71%.
10. International oil prices plunged from high levels, with Brent crude futures dropping as much as 9%, to $83.975 per barrel; WTI crude futures also fell about 9%, to $82.457 per barrel.
11. The Freeport LNG plant in the U.S. is returning to full capacity after shutdown on Sunday.
12. The U.S. Congressional Budget Office (CBO) estimates the February budget deficit at $308 billion.
13. SoftBank’s PayPay in Japan received multiple times oversubscription in its U.S. IPO.
14. Apple has delayed the release of its smart home display device, awaiting new AI features.
15. Meta Platforms temporarily closed its Tel Aviv office.
16. Anthropic sued the U.S. Department of Defense over supply chain risks.
17. FTSE Russell reports that Middle Eastern stock markets are currently operating as planned.
18. A 5.9 magnitude earthquake occurred in Hokkaido, Japan (latitude 42.00°N, longitude 140.45°E), at a depth of 150 km.