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International relationship
– President Donald Trump told Israeli media that he will make the final decision on ending military operations against Iran at the appropriate time.
– Due to the closure of the Strait of Hormuz, Kuwait has halted oil production..
Industry
– China has opened a window for raising retail prices of refined oil products. Starting from 24:00 on March 9, the retail prices of domestic gasoline and diesel will be increased by 695 yuan and 670 yuan per ton respectively.
– Apple will launch its first foldable iPhone, the iPhone Fold, in the second half of the year. According to supply chain sources, Apple is highly confident in the sales volume of the new device and has significantly increased its supply chain production forecast by 20% from the original target, a rare large upward adjustment in demand for a new iPhone in recent years.
Data
– Data released by the National Bureau of Statistics show that in February, affected by the Spring Festival factor, China’s CPI rose 1% m/m, the highest in nearly two years; it rose 1.3% y/y, the highest in nearly three years. The national PPI rose 0.4% m/m, rising for five consecutive months; it fell 0.9% y/y, with the decline narrowing for three consecutive months.
Mar 9 Block Trade Info
*Discount
– Holitech Tech (002217 CH) saw 2 block trades worth 185.25mn at 2.47yuan per share, 8.52pct discount from last closing.
– Ankura Intelligent Electric (300617 CH) saw 2 block trades worth 43.02mn at 69.57yuan per share, 3.33pct discount from last closing.
*Premium
– Nanping Sun Cable (002300 CH) saw 11 block trades worth 60.85mn at 10.53yuan per share, 0.10pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
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