EUR/USD
1.15386
-0.243%
Gold
5151.91
-0.458%
Oil
93.413
6.923%
USD/JPY
159.044
0.060%
GBP/USD
1.33703
-0.305%
GBP/JPY
212.651
-0.186%
Real-time News
On March 12, Deepali Bhargava, Head of Research for Asia Pacific at ING, wrote in a report that the impact of rising oil prices on Asia will be uneven. Thailand, the Philippines, and South Korea are likely to be hit hardest, due to their weak buffers, rapid price transmission, and heavy reliance on imports, respectively. She stated, "India and China benefit from built-in shock absorbers because more than half of their energy supply still comes from coal." She pointed out that regions like Singapore appear best positioned to withstand rising oil prices should disruptions escalate. This is because they have relatively strong fiscal positions, healthier current account dynamics, and are better able to provide targeted support.Traders said the Reserve Bank of India is likely to sell dollars to support the rupee, given the surge in oil prices.On March 12th, it was observed on Alibabas judicial auction platform that several equity stakes in banks such as Jiujiang Bank and Guangdong Huaxing Bank, valued at over 100 million yuan, were recently listed again, ultimately entering the disposal process after multiple failed auctions. According to JD.coms asset trading platform, several more bank equity auctions exceeding 100 million yuan have recently been added, including approximately 223 million shares of Guangfa Bank held by Jiangsu Sugang Group, which will be auctioned in early April with a starting price of 784 million yuan, making it the highest single bank equity auction listed this year. Industry analysts point out that "in the short term, the market for auctioning equity in small and medium-sized banks will continue to be sluggish, and may exhibit characteristics of deepening discounts and reduced transaction volume." Bai Wenxi, vice chairman of the China Enterprise Capital Alliance, believes that from the perspective of industry development patterns, the "winter" in the auction of equity in small and medium-sized banks is a concentrated release of risks accumulated from the past extensive development model. The key to breaking the deadlock lies not in waiting for the market to recover, but in restoring investment value to the equity of small and medium-sized banks through substantial risk clearing, governance restructuring, and mechanism innovation.March 12 - According to CNBC, the International Energy Agencys (IEA) plan to release the largest oil reserves in history sends a clear signal that the energy market believes the war with Iran may last far longer than expected. Andy Lipow, president of Lipow Oil Associates, stated that some in the market interpret the IEAs action as indicating the conflict could last for weeks. Saul Kavonic, energy analyst at MST Marquee, also believes the scale of the release highlights the severity of the oil shortage risk, suggesting the IEA believes the war is unlikely to end quickly. Bob McNally, president of Rapidan Energy Group, said traders realize the release plan can only compensate for a small portion of the shortage caused by the Strait of Hormuz blockade, and oil prices are likely to continue rising unless a ceasefire is achieved or Irans military offensive capabilities decline, allowing tanker shipments to resume.On March 12th, WeChat officially announced a new feature: users can now click "Ignore" on unwanted WeChat voice/video calls. The pop-up will disappear after clicking, and the recipient will not receive a "rejected" message. WeChat video calls also support screen locking, a feature that is being rolled out gradually. Furthermore, WeChat voice-to-text now supports simultaneous interpretation, and currently supports 18 languages, including Chinese.
