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US President Trump: We will wait for this storm to pass and we will not let a rainstorm interrupt the 250th anniversary celebrations.Artificial Intelligence: 1. Doubao and Qianwen will discontinue their intelligent agent functions. 2. Zhang Yufeng of Wujie Power: Global humanoid robot production is expected to reach approximately 20,000 units by 2025, but commercial application remains largely untapped. Integrated Circuits (Chips): 1. Micron invests $9 billion to expand its chip factory in western Japan. 2. The first neurodynamic chip has been developed, contributing to the development of technologies such as brain-computer interfaces. 3. He Tingbo of Huawei released the V2 version of the "Tao Law" paper, supplementing engineering details and experimental data. Other: 1. my countrys first integrated aerial survey aircraft successfully completed its maiden flight. 2. Goldman Sachs maintains its "Buy" rating on MiniMax with a target price of HK$860. 3. The Taipingling Nuclear Power Plant Unit 2, the first "Hualong One" project in the Guangdong-Hong Kong-Macao Greater Bay Area, was connected to the grid for the first time. 4. Chen Li of Unitree Technology: The core technology of its articulated motors is entirely self-developed, with upstream suppliers relying solely on raw materials such as copper wire and magnets.Conflict Status: 1. Putin said large-scale attacks on Ukrainian military industrial facilities must continue. 2. Large-scale mutual attacks between Russia and Ukraine; Russian military claims control of several settlements. 3. The Ukrainian General Staff denies that Russian troops have occupied Kostyadinovka in eastern Ukraine. 4. Russian Ministry of Defense: Zelenskys attempts to sabotage Russian civilian facilities will not be ignored. 5. Russia says it is willing to hand over the remains of Ukrainian soldiers killed in action and demands that Ukraine stop shelling Konstantinovka. Peace Negotiations: 1. Zelensky and Trump spoke by phone and agreed to meet during the NATO summit. 2. Putin and Trump spoke by phone, reiterating his preference for a political solution to the Ukraine crisis; Trump said he would continue to mediate the Russia-Ukraine conflict. 3. Zelensky said that if the key Donetsk town of Konstantinovka were under Russian control, Putin could meet with him there. 4. Russia responded to the proposal for a meeting between Zelensky and Putin, stating that Konstantinovka is now completely under Russian control and that Zelensky could travel to Moscow once he is willing to make a "significant and responsible decision," as Moscow is the capital of Russia, not Konstantinovka. Other developments: 1. According to TASS: Putin signed a law revising tax regulations to support the domestic fuel market.July 5th - According to the Aviation Industry Corporation of China (AVIC), my countrys first fixed-wing aircraft platform for comprehensive atmospheric environmental monitoring, the "Yun-12F Atmospheric Comprehensive Aerial Survey Aircraft," recently completed its maiden flight at Harbin Pingfang Airport. It is reported that this aircraft, based on the Y-12F aircraft, has completed large-scale integration and modification of over 60 mission-related equipment to meet the high-sensitivity, three-dimensional detection requirements of multiple pollutants, including particulate matter, gaseous pollutants, greenhouse gases, and cloud water physicochemical properties. It possesses integrated aerial survey capabilities for detecting multiple pollutants, greenhouse gases, and cloud water. The successful development of this aircraft will provide an important vertical detection method for regional air pollution monitoring in my country.Kremlin: Putin invited Trump to visit Russia during the call.

Hang Seng Index, ASX200, Nikkei 225: Hang Seng Jumps on China PMI

Steven Zhao

Mar 01, 2023 15:37


Market Overview

It was a bullish Wednesday morning session for the Asian markets, with the Hang Seng Index leading the way. The Asian markets brushed aside bearish sessions for the Dow and the NASDAQ Composite Index. US economic indicators disappointed on Tuesday, with consumer confidence weakening for a second consecutive month and house price growth slowing.


The CB Consumer Confidence Index fell from 106.0 to 102.9 in February, with the S&P/CS HPI Composite n.s.a rising by 4.6% year-over-year in December. House prices were up 6.8% in November. Elevated US mortgage rates continue to impact buyer demand, with US mortgage rates bouncing back after a brief retreat.


On Tuesday, the NASDAQ Composite Index fell by 0.10%, with the Dow Jones and S&P 500 seeing losses of 0.71% and 0.30%, respectively. This morning, the US Futures reversed early losses. The Dow mini was up 16 points, with the NASDAQ mini flat.


Private sector PMI numbers from China delivered support to riskier assets this morning. After a China data void, today’s stats provided investors with much-needed relief. The all-important Caixin Manufacturing PMI increased from 49.2 to 51.6 in February. Economists forecast a PMI of 50.2. Significantly, the manufacturing sector expanded for the first time since July 2022.