To The Moon

U.S. stocks were in a precarious position, having breached key support levels across the board. A continued decline could have led to an uncontrollable situation. Former President Trump stepped in urgently to stabilize markets. On the 9th, during a press conference, Trump stated that due to market turmoil caused by U.S. and Israeli attacks on Iran, he would cancel certain oil-related sanctions to curb oil prices. He also indicated that military actions would end "soon," though not within the current week. International oil prices fell sharply, followed by a remarkable rebound in U.S. stocks. Global equity markets responded positively, with Hong Kong's market jumping 2.17% today. Trump's abrupt decision to hit the brakes is attributed to several factors: Firstly, oil prices had risen too rapidly. Although the U.S. is a major oil producer and exporter, its domestic economy is highly dependent on oil. A significant price surge would inflict substantial damage on both citizens and the economy, with Russia emerging as a major beneficiary. Secondly, with mid-term elections approaching, prolonged conflict without clear results would significantly reduce Trump's chances of success. Thirdly, from a practical standpoint, ammunition reserves are severely depleted, making sustained engagement unsustainable. Consequently, a ceasefire became the only viable option. However, this ceasefire is not easily manageable. A key complication is the change in leadership in Iran. Iran's recently proposed three-step negotiation plan is notably comprehensive, calling for involvement from the UN Security Council and world powers, which limits U.S. pressure tactics. Furthermore, the current conflict's nature is incomparable to the war on the 12th last year, given the unprecedented intensity and the targeting of high-level figures like Khamenei. The feasibility and methodology of negotiations remain uncertain. Given Trump's history of unpredictability, caution is warranted. Regarding the critical oil transit chokepoint, Tyler Goodspeed, Chief Economist at U.S. energy giant ExxonMobil, warned that the Strait of Hormuz might remain closed for a longer duration than market expectations. Trump threatened that any Iranian attempt to block oil transit through the Strait would result in a U.S. response "20 times more severe" than before. While earlier talks involved deploying naval escorts, renewed threats seem hollow considering the U.S. carrier group was forced to retreat over a thousand kilometers. Effectively securing oil tanker passage appears challenging. Reports indicate Saudi Arabia, the UAE, Iraq, and Kuwait have cut crude production by up to 6.7 million barrels per day. Iran proposed a solution: passage would be allowed if European and Middle Eastern countries expel U.S. and Israeli ambassadors. However, few are likely to risk provoking the U.S. This move itself highlights Iran's firm stance and confidence, born out of necessity. China's foreign trade data showed strong performance. In USD terms, the total import and export value for the first two months reached $1,099.54 billion, a year-on-year increase of 21.0%. Exports were $656.58 billion, up 21.8%, and imports were $442.96 billion, up 19.8%, both exceeding expectations and significantly accelerating compared to the same period last year. Achieving double-digit growth is commendable. Today's market rebound was led by technology stocks, primarily centered around the "Lobster" theme. Shenzhen's Longgang District announced it will host a "Thousand-Person Lobster Conference" on the afternoon of March 14th at the Shenzhen Robot Theater. Changshu City also entered the "lobster farming" arena, proposing support of up to 6 million yuan for individual companies. On March 9th, Tencent officially launched its full-scenario AI agent WorkBuddy, fully compatible with the OpenClaw skill ecosystem and optimized for domestic compliance and habits. It can integrate into QQ, Enterprise WeChat, and other ecosystems, positioned as a "workplace + life" productivity tool. Tencent's current "AI Lobster Farming" suite includes five "lobsters": Tencent's version WorkBuddy, OpenClaw integrated with Enterprise WeChat, OpenClaw integrated with QQ, OpenClaw deployed on Tencent Cloud's lightweight cloud, and the internally testing QClaw. Post-launch traffic surged, forcing the team to urgently scale capacity tenfold. Tencent (00700) is seizing the initiative in the significant shift from "chat AI" to "executive AI," rising over 7% today. Stocks with strong gains included newly added southbound trading targets. Leader Xunce (03317), whose data product is clawnative with inherent data APIs, enables automated lobster farming upon integration. As a "raw material supplier for lobster farming" in the AI era, Xunce stands to benefit substantially from the AI development wave, rebounding nearly 33%. Jushuitan (06687), China's largest e-commerce SaaS ERP provider, has deeply embedded AI capabilities into core scenarios like customer service, orders, and cross-border operations, rising 20%. Newly listed stocks were also popular. Zhaowei Mechanical & Electrical (02692) officially listed and began trading on the Main Board of The Stock Exchange of Hong Kong on March 9th, surging over 26%. The price increase theme was another driver. The price of 657A2 optical fiber broke through 160 yuan per core kilometer, doubling sequentially. Changfei Optical Fiber & Cable (06869) rose over 24%. Japanese chemical giant Mitsubishi Gas Chemical Company announced a uniform 30% price increase from April 1st for core products in its electronic materials division, including CCL, Prepreg, and CRS. Domestic companies quickly followed suit. According to PCB information, Kingboard Holdings issued a price increase notice on March 10th, raising prices by 10% for all thickness specifications of laminate, PP, and copper foil processing fees effective from orders placed that day. Kingboard Laminates (01888) rose over 8%; Kingboard Holdings (00148) rose over 5%. Supply chain sources indicated that analog chip giant Texas Instruments will raise prices for some semiconductor products from April 1st. Similar concept stock Naxinwei (02676) rose over 6%. Next week, Nvidia's highly anticipated GPU Technology Conference is expected to showcase the company's next-generation chip architecture, with another AI trend component—optical interconnect technology—also in focus. Cambridge Technology (06166) rose over 12%. Lanki Technology (06809) reported 2025 net profit of 2.236 billion yuan, up 58.35% year-on-year, rising nearly 11% today. Innovative pharmaceuticals also performed strongly. The 2026 Government Work Report designated biopharmaceuticals as an emerging pillar industry, a policy tailwind. Mainland capital's investment logic has shifted, focusing more on clinical data, BD deal quality, and commercialization pathways—"capital only prices hard strength." Consonance Biology (09926) recently announced that its novel trispecific antibody drug AK150 received implied clinical trial approval from the NMPA for treating advanced malignant solid tumors, rising nearly 11%. Haixi New Drug (02637) surged over 19%; Yingsigu Intelligent (03696), Kecell Pharma (02171), and Bioocytus (02315) all rose over 10%. CATL (03750) reported 2025 net profit growth of 42% YoY, exceeding expectations, with strong growth in commercial vehicle and energy storage businesses. Market share is expected to continue increasing, sodium-ion battery mass production begins in 2026, and solid-state battery industrialization advances, rising over 9%. Wasion Holdings (03393) estimated last year's net profit increased up to 50%. Institutions noted the company's business has expanded from electric smart metering to communication & fluid metering and smart power distribution, upgrading Wasion from a pure industrial stock to an "industrial + tech" play, rising over 8%.