March 12 Morning News Summary

【Morning News Highlights】 [Taoguba]

1. The People’s Bank of China held the 2026 Technology Work Conference, emphasizing the deep integration of industry and technology, actively and prudently promoting the safe and orderly application of artificial intelligence in the financial sector, and releasing the momentum for digital and intelligent development.
2. Numerous securities firms have issued internal compliance reminders or notices regarding “small lobsters,” with at least 20 firms banning online “lobster farming” by their companies.
3. The National Supercomputing Internet announced that all OpenClaw platform users will receive a free quota of 10 million Tokens, limited to two weeks per person. The Supercomputing Internet also announced the renewal price for OpenClaw Tokens: 0.1 yuan per million Tokens, which is somewhat lower than the market average.
4. According to the China Association of Automobile Manufacturers, in February, the production and sales of new energy vehicles reached 694,000 and 765,000 units respectively, down 21.8% and 14.2% year-on-year.
5. Ruantu Co., Ltd. investor relations activity record shows that the recent black price of disperse dyes has increased by about 24,000 yuan per ton, with current quotes around 40,000 yuan per ton.
6. Putailai announced plans to invest 2.051 billion yuan to build a Malaysian anode material production base.
7. Sanan Optoelectronics stated on its interactive platform that the Micro LED light source devices produced have been sent to leading domestic and international companies for module assembly verification.
8. Shengke Communications announced that the national integrated circuit industry investment fund recently reduced its holdings by 1%. Gaoweida announced that shareholder UnionPay Technology plans to reduce its holdings by no more than 2.43%. Jinkai Shengke announced that shareholders Qilu Investment and Qingsong Investment together reduced their holdings by 2.63%.
9. Zhejiang Rongtai announced that to meet business expansion needs and regulatory filing requirements, it plans to change the original “7 million sets of robot component production project” to “7 million sets of industrial screw production annually.”
10. The three major US stock indices closed mixed: Dow down 0.61%, Nasdaq up 0.08%, S&P 500 down 0.08%. Major European stock indices mostly declined, with Germany’s DAX 30 down 1.51%.
11. The Iranian ambassador stated that Iran’s new Supreme Leader, Mujtaba, was injured in the airstrike on February 28.
12. US President Trump on March 11 local time said that there are “almost no targets left to strike” in Iran, and US military actions against Iran are “about to end.”
13. On March 11, 32 IEA member countries agreed to release 400 million barrels of emergency oil reserves to address disruptions caused by Middle East conflicts. US Energy Secretary Chris Wray announced that starting next week, 172 million barrels will be released from strategic petroleum reserves.
14. The US Consumer Price Index (CPI) for February increased by 2.4% year-on-year, in line with expectations and previous value. The core CPI rose 2.5% year-on-year, also in line with expectations and previous value.
15. The spokesperson for Iran’s Hatam Anbia Central Command emphasized on March 11 that any ships belonging to the US, Israel, or their partners, or their oil cargoes, are considered “legitimate targets” for Iran’s armed forces.
16. International oil prices rose: WTI April crude futures closed at $87.25 per barrel, up 4.55%; Brent May crude futures closed at $91.98 per barrel, up 4.76%.
17. On Tuesday, Google, Tesla, and five other companies in the power equipment and data center supply chain announced the formation of the “Utilize” alliance, aiming to improve US grid utilization, reduce electricity costs, and significantly increase electricity load capacity.
18. Nvidia launched the NEMO TRON 3 Super, a model that offers a fivefold increase in throughput for intelligent agent AI (Agentic AI).

【Major Events Reminder】

① No new stock offerings today.
② The closing session of the Fourth Session of the 14th National People’s Congress will be held at the Great Hall of the People at 3 PM on March 12.
③ The GAIC Global Artificial Intelligence Conference will be held in Hangzhou from March 12 to 14.
④ The China Home Appliances and Consumer Electronics Expo will be held in Shanghai from March 12 to 15.
⑤ The 2026 Shanghai Commercial Spaceflight Conference and Exhibition will take place from March 12 to 14.
⑥ IEA will release the monthly crude oil market report.
⑦ Cambrian, Shenghong Technology, AVIC Heavy Machinery, and others will disclose their 2025 annual reports today.
⑧ There are 23 billion yuan of 7-day reverse repos maturing today.
⑨ Data on US initial jobless claims for the week will be released today.

【Overnight Global News】

1. The Iranian ambassador stated that Iran’s new Supreme Leader, Mujtaba, was injured in the airstrike on February 28.
2. The UN Security Council adopted a resolution calling on Iran to cease attacks on Gulf countries.
3. US President Trump announced he would use the US Strategic Petroleum Reserve to ease the surge in oil prices caused by the Iran conflict.
4. US military preliminary investigation suggests a “friendly fire” incident targeting an Iranian school, allegedly due to outdated data provided by the US Defense Intelligence Agency when selecting strike coordinates, leading to the school being mistakenly marked as a military target.
5. US military warned Iran to keep civilians away from the Hormuz Strait port facilities. Iran’s military responded that if Iran’s ports and docks are threatened, all ports in the region will become “legitimate targets” for Iran.
6. Iran’s president proposed three conditions to end the war, demanding compensation from the US and Israel.
7. Iran’s military stated that “a significant portion” of US and Israeli radar and air defense capabilities have been destroyed.
8. FBI warnings suggest California may be targeted by Iranian drones.
9. IEA member countries will release 400 million barrels of emergency oil reserves, the largest in history: Germany will release nearly 20 million barrels; the UK will contribute 13.5 million barrels; South Korea will release 22.46 million barrels.
10. US President Trump again threatened to cut off trade with Spain.
11. Iran’s Sports Minister Ahmad Donyamali said Iran’s team “has no conditions” to participate in the World Cup and “will not participate.”
12. EU Commission President von der Leyen said the US, Israel, and Iran conflicts have cost Europe billions of euros.
13. The three major US stock indices closed mixed: Dow down 0.61%, Nasdaq up 0.08%, S&P 500 down 0.08%. Major European indices mostly declined, with Germany’s DAX down 1.51%.
14. International oil prices rose: WTI April crude futures closed at $87.25 per barrel, up 4.55%; Brent May crude futures at $91.98 per barrel, up 4.76%.
15. US regulators plan to propose a set of new capital requirements to encourage some Wall Street banks and mid-sized competitors to expand lending.
16. SoftBank-backed PayPay plans to set the US IPO stock offering price at $16 per share.
17. Intel announced the launch of the new Intel Core Ultra 200S+ desktop processor series.
18. Nvidia launched the NEMO TRON 3 Super, a model that offers a fivefold increase in throughput for intelligent agent AI (Agentic AI).

This information, including data and news, is sourced from public online sources and is for reference only; it does not constitute investment advice.