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OpenAI will lend funds obtained from Nvidia (NVDA.O) and Amazon (AMZN.O) revolving financing to SoftBank.

On March 6th, Gong Zheng, Deputy Secretary of the Shanghai Municipal Party Committee and Mayor of Shanghai, stated that Shanghai must focus on promoting high-quality development, be pragmatic and diligent, and ensure a good start to the 15th Five-Year Plan. First, it is crucial to expand domestic demand, which is the strategic support for Shanghai's high-quality development. Shanghai must strengthen the leading role of domestic demand, strive to achieve effective qualitative improvement and reasonable quantitative growth in the economy, and play a leading role in national development. Consumption is a lasting driving force for economic growth. Shanghai must thoroughly implement special actions to boost consumption, accelerate the construction of an international consumption center city, accelerate the expansion and upgrading of commodity consumption, actively create new service consumption scenarios, and continuously amplify the integration effect of culture, commerce, tourism, sports, and exhibitions. Expanding effective investment is an important means to stabilize growth and promote development. Shanghai must promote the high-quality development of key infrastructure projects, further stimulate private investment, and direct investment towards technological innovation, industrial upgrading, urban renewal, and people's livelihood.

According to Iranian media, a missile attack struck two military bases near the city of Khomeini.

On March 6th, Phil Flynn, senior analyst at Price Futures Group, stated that the U.S. Treasury Department may be looking to utilize the oil futures market to address soaring oil prices. This is a novel and innovative move, abandoning the traditional approach of using physical crude oil to alleviate market concerns. Instead, it utilizes futures instruments to sell near-month crude oil futures contracts and purchase forward futures contracts. The Treasury Department's traditional functions primarily involve fiscal policy, debt management, and occasional intervention in the currency market through mechanisms such as the Exchange Stabilization Fund, but not intervention in commodities such as oil.

Fitch upgraded Hutchison Whampoa's rating to "A"; outlook stable.

On March 6th, John Kilduff, a partner at Again Capital, stated that the US Treasury's intervention in the oil market would be unprecedented. Comparing it to the use of Treasury futures during the global financial crisis is not entirely accurate. First, the US Treasury has a natural position in the bond market. In this context, presumably aiming to lower futures prices, theoretically, this would require selling a large number of futures contracts on the open market. At this juncture, naked short selling would require substantial funds to support positions, cope with margin calls, and prevent potential further severe supply disruptions. However, the Treasury does indeed possess unlimited financial resources.

Malaysian Deputy Minister of Trade: Malaysia's liquefied natural gas industry has been largely unaffected by tensions in the Middle East.

On March 6th, it was reported that on March 5th, the China Development Bank (CDB) successfully issued 12 billion yuan of 3-year green financial bonds at the Shanghai Clearing House, with an issuance interest rate of 1.55% and an oversubscription rate of 3.01 times. To date, CDB has cumulatively issued 241.5 billion yuan of green financial bonds. According to reports, the funds raised from this bond issuance will be primarily used for green infrastructure upgrades, green and low-carbon energy transformation, resource recycling industries, and energy conservation and carbon reduction industries. Once completed, the related projects are expected to save an average of 254,700 tons of standard coal and reduce carbon dioxide emissions by 616,300 tons annually.

On March 6th, Gao Xiaoli, a member of the Party Leadership Group and Vice President of the Supreme People's Court, revealed that during this year's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) sessions, the Supreme People's Court will expedite the issuance of a new judicial interpretation of the Company Law to provide clearer and more unified rules for adjudication in judicial practice; issue judicial interpretations for handling cases involving both civil and criminal matters to strictly distinguish between economic disputes and economic crimes, resolutely preventing the treatment of economic disputes as economic crimes; and, to strengthen judicial protection for technological innovation, will also study and formulate judicial interpretations on the application of punitive damages for intellectual property rights and judicial policy documents on data property rights protection. Regarding the difficulties and high costs of financing for private enterprises, Gao Xiaoli mentioned that research will be intensified and more targeted judicial measures will be adopted to support the innovative development and sound operation of the private economy.

The Israeli embassy building in Bahrain's capital was attacked by Iran.

The governor of the Central Bank of the Philippines said: "But if oil prices reach $100 a barrel, we may start to exceed the so-called tolerance range. If we exceed the 4% inflation rate, we will have to take measures to regulate monetary policy."

On March 6th, the Zhengzhou Municipal Bureau of Urban and Rural Construction issued a notice soliciting public opinions on the "Implementation Opinions of the Zhengzhou Municipal People's Government on Vigorously Promoting the Development of Prefabricated Buildings (Draft)". The consultation period is from March 6th to April 6th, 2026. The draft proposes, in accordance with relevant notices, to cooperate with relevant provincial departments to support financial institutions in establishing a "green" channel for eligible enterprises engaged in the construction of prefabricated building industrial bases (parks), projects, and technological research and development. This includes increasing credit support, expanding the types and scope of collateral, and providing preferential treatment in loan amounts, terms, and interest rates. For those using housing provident fund loans to purchase prefabricated commercial housing, support will be provided according to differentiated housing credit policies, with loan amounts potentially increasing by up to 20%.

NIO (NIO.N) officially launched its premium all-electric compact car brand Firefly in Thailand on Thursday, as part of its global market expansion strategy.

Fitch: Overseas expansion by major Japanese banks will not bring immediate rating pressure.

March 6th - The policy outlook for central banks in developing Asian countries is shifting as traders increase bets that a war in Iran will trigger an oil price shock. Overnight index swaps show significant changes in interest rate pricing across Asia. The most notable changes are in India and the Philippines, where the market now expects rate hikes rather than cuts; while in Thailand and Indonesia, although rate cuts are still expected, the probability is rapidly declining. Selena Ling, Head of Research at OCBC Bank, said on Friday, "Given the potential for continued conflict in Iran, Asian central banks will remain highly sensitive to oil price movements and will likely closely monitor whether the room for monetary easing has disappeared in the short term." Indonesia and the Philippines saw accelerated CPI growth in February and are expected to rise further. Both countries are heavily reliant on fuel imports, and a weaker currency further increases import costs. Investors are also preparing for higher interest rates in Malaysia, whose economy is among the fastest growing in the region. Even in Thailand, where inflation has been in negative territory for nearly a year, the Ministry of Commerce has warned that the index could begin to rise this month as the Middle East conflict pushes up food and fuel prices.

Malaysian Deputy Minister of Trade: Malaysia and ASEAN have an opportunity to demonstrate to the world their status as a stable, neutral and peaceful region.

On March 6th, State Street Investment Management stated in a report that geopolitical tensions and the global macroeconomic backdrop continue to support gold. Strategists noted that "geopolitical tensions in the Middle East have once again come into focus," triggering safe-haven buying in macro markets, including gold and the US dollar. "Gold allocations in portfolios remain underweight, with significant room for expansion through 2026, both tactical and strategic," they added. They further stated that if the conflict with Iran escalates, gold prices could retest the $5,500 to $5,600 per ounce range in March.

Foxconn: If the war continues, oil and raw material prices will be affected, and the consequences will have a global impact.