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Today’s Market Recap: Powell Sends Dovish Signal, US Stocks Open High and Close Low, Dollar Index Rises for Fifth Straight Day
TradingKey - As Middle East hostilities continue to escalate, the market sold off on rallies despite Powell’s dovish signals indicating that rate cuts remain the primary theme for the year. The Nasdaq Composite closed down 0.73%, the S&P 500 fell 0.39%, while the Dow Jones rose 0.11%.
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an hour ago
Japan's Nikkei treads water, set to lose 11% in March as Mideast war drags on
TOKYO, March 31 (Reuters) - Japan's Nikkei share average limped along on Tuesday, and was on track for a steep monthly decline, as the ongoing Middle East conflict weighed on sentiment.The benchmark Nikkei 225 Index .N225 edged up 0.02% to 51,896.91, reversing early losses, but was set to fall m...Reuters
10 minutes ago
Spot Gold Climbs 2.24% to $4,612/Oz Amid Reports of Potential Iran Conflict Resolution and Fed's Cautious Stance
Gold extended its gains for a second consecutive day, bolstered by reports indicating U.S. President Donald Trump's openness to conclude hostilities with Iran without insisting on the reopening of the Strait of Hormuz, alongside Federal Reserve remarks that tempered expectations for interest rate hi...Tiger News
21 minutes ago
GLOBAL MARKETS-Brent crude set for record monthly gain; Asia shares falter as Iran war rages
Trump tells aides he is willing to end Iran war without reopening Hormuz - WSJU.S., European futures turn higher; Asia shares still struggleBrent crude set for record monthly riseBy Rae Wee SINGAPORE, March 31 (Reuters) - Oil prices on Tuesday were set for a record monthly rise while Asian shares...Reuters
43 minutes ago
Wuling Motors (00305.HK) Reports 56% Surge in Profit in 2025, Driven by Steady Auto Parts Growth and Emerging Momentum in Autonomous Vehicles
According to ZhitongFinance App, despite mounting challenges in 2025, including aggressive price cuts by Chinese OEMs and intensifying competition, Wuling Motors (00305.HK) delivered a resilient performance underpinned by a diversified business portfolio and effective strategy execution. During the reporting period, Wuling Motors (the Group) recorded a total revenue of RMB 8.25 billion, representing a year-on-year increase of 3.8%. Its net profit reached RMB 172 million, up 54.3% year-on-year, while the profit attributable to shareholders amounted to RMB 78.99 million, marking a year-on-year increase of 56.0% and suggesting a notable improvement in overall profitability.As the Group’s “anchor” business, the automotive parts segment achieved a full-year revenue of RMB 5.788 billion, representing a year-on-year increase of 6.0%. The operating profit from this segment rose to RMB 185 million, up 20.3% year-on-year. Within its existing business foundation, the Group continued to expand new business with core customers including SGMW, Chery and Great Wall Motors, and secured 61 product supply orders across multiple key models of SGMW. For incremental markets, the Group successfully entered the supply chain systems of eight OEMs, including Seres AITO, SAIC Maxus and GAC Group, while actively engaging with emerging players such as Xpengand Xiaomi on technical solution development. Meanwhile, the automotive power supply system segment turned profitable, delivering a full-year revenue of RMB 1.815 billion, representing a year-on-year increase of 4.5%.The Group continued to optimize its manufacturing footprint, strategically adding two production bases (Rizhao and Wuxi) in China, while advancing the preparation of its Vietnam facility to accelerate penetration into overseas markets, including Southeast Asia. In the high-end sector, the Group’s self-developed products, such as the 194-platform three-in-one electric drive axle and the high-power coaxial axle, achieved meaningful reductions in both cost and weight through highly integrated design. With industry leading NVH performance, these products have been supplied to OEMs including Great Wall Motors, JAC and Changan Kaicheng.Beyond the steady growth of its core businesses, Wuling Motors is accelerating its expansion into high-potential emerging segments. The unmanned logistics industry is currently transitioning from technical validation to large-scale commercialization, while facing challenges related to mass production capabilities and increasingly stringent regulatory requirements.These challenges underscore the Group’s core competitive strengths. The Group holds a market share exceeding 50% in key chassis components such as drive axles for urban logistics vehicles. Leveraging years of experience supplying urban and inter-city commercial vehicles, the Group has established mature technical pathways, sufficient production capacity and effective cost control that meet the cost reduction demands of logistics operators. In addition, the Group has comprehensive automotive-grade R&D and system integration capabilities.Building on its deep technical expertise and market insight, Wuling Motors established YuancoreDrive in November 2025, focusing on the R&D, production and system integration of drive-by-wire chassis and low-speed intelligent autonomous vehicles. A series of products has since been developed, and a strategic cooperation agreement has been signed with DesayBattery to accelerate commercialization.By further strengthening its traditional businesses while deepening its presence in emerging segments, Wuling Motors has established a clear growth matrix guided by its diversification strategy. As the automotive industry undergoes rapid transformation, the Group is charting a distinctive upgrade path, supported by its technological capabilities and manufacturing strengths.31/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
44 minutes ago
Real Estate trust Fibra Park Life raising nearly $15 million in Mexican IPO
MEXICO CITY, March 30 (Reuters) - Fibra Park Life, a Mexican real estate investment trust specializing in rental housing, on Monday said it was raising 268 million Mexican pesos ($14.8 million) in an initial public offering on Mexico's stock exchange.The trust, with the ticker symbol PLIFE26, sa...Reuters
an hour ago
Iran Strikes Fully Laden Kuwait Oil Tanker in Dubai Port
A Kuwaiti oil tanker carrying a full load of crude was struck by Iran while anchored at Dubai's port, resulting in hull damage and a fire on board, according to a statement from state-run Kuwait Petroleum Corp.The attack on the very large crude carrier Al-Salmi occurred shortly after midnight local ...Tiger News
an hour ago
US Defense Secretary Hegseth's Broker Looked to Buy Defense Fund Before Iran Attack
A broker for U.S. Defense Secretary Pete Hegseth attempted to make a big investment in major defense companies in the weeks leading up to the U.S.-Israeli attack on Iran, the Financial Times reported on Monday, citing three people familiar with the matter.Reuters
an hour ago
Real Estate trust Fibra Park Life raising nearly $15 million in Mexican IPO
MEXICO CITY, March 30 (Reuters) - Fibra Park Life, a Mexican real estate investment trust specializing in rental housing, announced on Monday that it was raising 268 million Mexican pesos ($14.81 million) in its initial public offering on Mexico's stock exchange.The trust, with the ticker symbol...Reuters
an hour ago
Australia's Collins Foods slides to nine-month low on Taco Bell exit move
Shares of Collins Foods CKF.AX fall as much as 3.8% to A$8.450, their lowest level since June 24Stock down 3% at A$8.52, as of 0050 GMT; on track for its worst session in one week Co says it would transfer 20 of its 27 Taco Bell restaurants in the country to an affiliate of Yum Brands YUM.NSays rema...Reuters
an hour ago
Trump Tells Aides He’s Willing to End War Without Reopening Hormuz
President Trump has indicated he’s willing to end the U.S. military campaign against Iran, even if the Strait of Hormuz remains largely closed. U.S. officials say Trump wants to achieve key goals, such as crippling Iran’s navy and missile stockpiles, before winding down hostilities. The U.S. would t...Tiger News
an hour ago
Australia's Ioneer surges as US court backs lithium mine
Shares of Ioneer INR.AX rise as much as 32% to A$0.165, logging their best day since Oct. 7Stock hits its highest level since Feb. 26Lithium-boron producer says the U.S. District Court upheld permit for Rhyolite Ridge lithium and boron mine project in NevadaMine is slated to become one of North Amer...Reuters
3 hours ago
RPT-ROI-Bond blues hit Big Tech at the worst time: McGeever
By Jamie McGeever ORLANDO, Florida, March 30 (Reuters) - No borrower will escape the surge in market-based interest rates unleashed by the Middle East war and resulting energy supply shock. But for U.S. tech firms planning to spend over $600 billion this year in the artificial intelligence arms r...Reuters
3 hours ago
Australia's Metallium rises on offtake deal with US firm
Shares of Metallium MTM.AX rise as much as 7.1% to A$0.60The critical metals miner says its unit executed long-term off-take agreement with U.S. materials refiner Indium CorporationAdds, under deal unit to supply Indium with gallium, copper, tin, goldStock down over 40% this year, including the day&...Reuters
3 hours ago
WTI Crude Oil Futures Rise over 3% to $106.1 a Barrel Amid Trump's Threats of Escalating Conflict with Iran
Oil prices continued their upward trajectory following US President Donald Trump's threats to intensify hostilities against Iran, fueling concerns that the conflict shows no signs of abating and global markets may face increased turmoil.West Texas Intermediate climbed as much as 3.13% to $106.1 per ...Tiger News
3 hours ago
US Crude Oil Surpasses $100 Mark Amid Middle East Conflict
US oil prices closed above $100 per barrel on Monday for the first time since the US and Israel initiated military action against Iran, as former President Donald Trump threatened further escalation, including strikes on critical energy infrastructure.West Texas Intermediate futures climbed over 3%,...Tiger News
3 hours ago
