Market Impact of Middle East Conflict and Inflation Concerns on Global Economy in March 2026

In March 2026, global markets experienced significant volatility due to escalating Middle East conflicts and rising inflation fears. Dow industrials dropped over 200 points, reflecting an 8% decline from record highs. The conflict affected energy prices, prompting central banks to reconsider interest rate strategies. Precious metals and aluminum prices fluctuated amid inflation expectations and demand shifts. Economic indicators showed a slowdown, with mixed manufacturing and employment data. The World Trade Organization warned of slower trade growth if the conflict persists, highlighting broad economic uncertainty and market instability.

0 followers

NewsNews
PostsPosts
SelectionSelection

- ZhongRenChunZhongRenChun
  ·03-20 20:15
  But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  9 Comment
  Like
  Share
  Report
- ZhongRenChunZhongRenChun
  ·03-20 20:08
  Just pay for the oil in yuan and you get safe passage.
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  14 Comment
  Like
  Share
  Report
- KekemonKekemon
  ·03-20 19:29
  Aiyo. Why like that.😊
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  15 Comment
  Like
  Share
  Report
- Merdeka1981Merdeka1981
  ·03-20 17:53
  It's the classic saying of "you die, I die, everybody die..."
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  2 Comment
  1
  Share
  Report
- ZhongRenChunZhongRenChun
  ·03-20 20:15
  But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  9 Comment
  Like
  Share
  Report
- ZhongRenChunZhongRenChun
  ·03-20 20:08
  Just pay for the oil in yuan and you get safe passage.
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  14 Comment
  Like
  Share
  Report
- KekemonKekemon
  ·03-20 19:29
  Aiyo. Why like that.😊
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...
  Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait
  15 Comment
  Like
  Share
  Report
- Merdeka1981Merdeka1981
  ·03-20 17:53
  It's the classic saying of "you die, I die, everybody die..."
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.
  It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More
  2 Comment
  1
  Share
  Report

{"themeInfo":{"themeId":"64755f77238e8073601609a82430387e","name":"Market Impact of Middle East Conflict and Inflation Concerns on Global Economy in March 2026","description":"In March 2026, global markets experienced significant volatility due to escalating Middle East conflicts and rising inflation fears. Dow industrials dropped over 200 points, reflecting an 8% decline from record highs. The conflict affected energy prices, prompting central banks to reconsider interest rate strategies. Precious metals and aluminum prices fluctuated amid inflation expectations and demand shifts. Economic indicators showed a slowdown, with mixed manufacturing and employment data. The World Trade Organization warned of slower trade growth if the conflict persists, highlighting broad economic uncertainty and market instability.","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1773969321281,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":64755f77238e8073601609a82430387e}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowSubscriptionFinancial":false,"subscriberCount":0,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":[".DJI"],"tweetCounts":4,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"Market Impact of Middle East Conflict and Inflation Concerns on Global Economy in March 2026","tweetAmount":4,"imageIsDefault":false,"aiDerivativeIssues":[]},"tab":"essen","isFinancial":true,"allList":[{"id":544759080019840,"gmtCreate":1774008922361,"gmtModify":1774008926635,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4142648172044492","idStr":"4142648172044492"},"themes":[],"title":"","htmlText":"But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.&nbsp;","listText":"But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.&nbsp;","text":"But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544759080019840","repostId":"2620226672","repostType":2,"repost":{"id":"2620226672","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1773999000,"share":"https://ttm.financial/m/news/2620226672?lang=en_US&edition=fundamental","pubTime":"2026-03-20 17:30","market":"us","language":"en","title":"It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More","url":"https://stock-news.laohu8.com/highlight/detail?id=2620226672","media":"Dow Jones","summary":"Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.","content":"<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 17:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0861579265.USD":"联博低波幅策略股票基金A","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1670756490.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AT\" (USDHDG) ACC","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BK4591":"室温超导概念","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","BK4592":"伊斯兰概念","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","CF":"CF工业","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4598":"佩洛西持仓","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1645745479.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (HKDHDG) INC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4602":"量子计算概念","LU0079474960.USD":"联博美国增长基金A","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4605":"半导体精选","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4608":"AI应用概念股","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4527":"明星科技股","LU0528227936.USD":"富达环球人口趋势基金A-ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4526":"热门中概股","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1400636574.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AMG\" (HKDHDG) INC","BK4612":"AI芯片","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4614":"Manus概念股","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4579":"人工智能","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD",".SPX":"S&P 500 Index","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0072462426.USD":"贝莱德全球配置 A2","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0109392836.USD":"富兰克林科技股A","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU0444971666.USD":"天利全球科技基金","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1400636657.SGD":"Allianz Europe Income and Growth Cl AMg DIS H2-SGD","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","BK4567":"ESG概念","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4503":"景林资产持仓","LU0238689110.USD":"贝莱德环球动力股票基金","SG9999002224.SGD":"Allianz Global High Payout SGD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4505":"高瓴资本持仓",".DJI":"道琼斯","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","NVDA":"英伟达","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4543":"AI","BK4512":"苹果概念","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4549":"软银资本持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4548":"巴美列捷福持仓","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2041044095.USD":"Blackrock Circular Economy A2 USD","BK4554":"元宇宙及AR概念","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4585":"ETF&股票定投概念","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4587":"ChatGPT概念","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4550":"红杉资本持仓","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","BK4588":"碎股","LU2191332357.HKD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (HKDHDG) INC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4551":"寇图资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU1400636491.USD":"Allianz Europe Income and Growth Cl AMg DIS H2-USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","BK4093":"化肥与农用药剂","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4529":"IDC概念","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU1202635105.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (USDHDG) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620226672","content_text":"Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company toldBarron’sthat “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared force majeure on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker CF Industries Holdings, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”","news_type":1,"symbols_score_info":{"NVDA":2,".SPX":2,".DJI":2,"CF":2,".IXIC":2}},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":544757034423216,"gmtCreate":1774008493315,"gmtModify":1774011990738,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4142648172044492","idStr":"4142648172044492"},"themes":[],"title":"","htmlText":"Just pay for the oil in yuan and you get safe passage.&nbsp;","listText":"Just pay for the oil in yuan and you get safe passage.&nbsp;","text":"Just pay for the oil in yuan and you get safe passage.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544757034423216","repostId":"1158318586","repostType":2,"repost":{"id":"1158318586","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1774001682,"share":"https://ttm.financial/m/news/1158318586?lang=en_US&edition=fundamental","pubTime":"2026-03-20 18:14","market":"us","language":"en","title":"Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait","url":"https://stock-news.laohu8.com/highlight/detail?id=1158318586","media":"Reuters","summary":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...","content":"<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-20 18:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158318586","content_text":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.Nasdaq futures slid 0.93% while S&P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.","news_type":1,"symbols_score_info":{"CLmain":2,"NQmain":2,"YMmain":2,"ESmain":2,"BZmain":2}},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":544747960854312,"gmtCreate":1774006181264,"gmtModify":1774006185433,"author":{"id":"3575949343225606","authorId":"3575949343225606","name":"Kekemon","avatar":"https://community-static.tradeup.com/news/acc569fb2b4b8cb1641acae354a1df48","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575949343225606","idStr":"3575949343225606"},"themes":[],"title":"","htmlText":"Aiyo. Why like that.😊","listText":"Aiyo. Why like that.😊","text":"Aiyo. Why like that.😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544747960854312","repostId":"1158318586","repostType":2,"repost":{"id":"1158318586","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1774001682,"share":"https://ttm.financial/m/news/1158318586?lang=en_US&edition=fundamental","pubTime":"2026-03-20 18:14","market":"us","language":"en","title":"Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait","url":"https://stock-news.laohu8.com/highlight/detail?id=1158318586","media":"Reuters","summary":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...","content":"<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-20 18:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158318586","content_text":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.Nasdaq futures slid 0.93% while S&P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.","news_type":1,"symbols_score_info":{"CLmain":2,"NQmain":2,"YMmain":2,"ESmain":2,"BZmain":2}},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":544724552581648,"gmtCreate":1774000436044,"gmtModify":1774000726442,"author":{"id":"4102568791638160","authorId":"4102568791638160","name":"Merdeka1981","avatar":"https://community-static.tradeup.com/news/370fc16a4d1090b47fe92034808ebbdd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102568791638160","idStr":"4102568791638160"},"themes":[],"title":"","htmlText":"It's the classic saying of \"you die, I die, everybody die...\"","listText":"It's the classic saying of \"you die, I die, everybody die...\"","text":"It's the classic saying of \"you die, I die, everybody die...\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544724552581648","repostId":"2620226672","repostType":2,"repost":{"id":"2620226672","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1773999000,"share":"https://ttm.financial/m/news/2620226672?lang=en_US&edition=fundamental","pubTime":"2026-03-20 17:30","market":"us","language":"en","title":"It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More","url":"https://stock-news.laohu8.com/highlight/detail?id=2620226672","media":"Dow Jones","summary":"Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.","content":"<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 17:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0861579265.USD":"联博低波幅策略股票基金A","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1670756490.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AT\" (USDHDG) ACC","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BK4591":"室温超导概念","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","BK4592":"伊斯兰概念","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","CF":"CF工业","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4598":"佩洛西持仓","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1645745479.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (HKDHDG) INC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4602":"量子计算概念","LU0079474960.USD":"联博美国增长基金A","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4605":"半导体精选","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4608":"AI应用概念股","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4527":"明星科技股","LU0528227936.USD":"富达环球人口趋势基金A-ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4526":"热门中概股","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1400636574.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AMG\" (HKDHDG) INC","BK4612":"AI芯片","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4614":"Manus概念股","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4579":"人工智能","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD",".SPX":"S&P 500 Index","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0072462426.USD":"贝莱德全球配置 A2","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0109392836.USD":"富兰克林科技股A","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU0444971666.USD":"天利全球科技基金","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1400636657.SGD":"Allianz Europe Income and Growth Cl AMg DIS H2-SGD","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","BK4567":"ESG概念","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4503":"景林资产持仓","LU0238689110.USD":"贝莱德环球动力股票基金","SG9999002224.SGD":"Allianz Global High Payout SGD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4505":"高瓴资本持仓",".DJI":"道琼斯","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","NVDA":"英伟达","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4543":"AI","BK4512":"苹果概念","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4549":"软银资本持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4548":"巴美列捷福持仓","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2041044095.USD":"Blackrock Circular Economy A2 USD","BK4554":"元宇宙及AR概念","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4585":"ETF&股票定投概念","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4587":"ChatGPT概念","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4550":"红杉资本持仓","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","BK4588":"碎股","LU2191332357.HKD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (HKDHDG) INC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4551":"寇图资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU1400636491.USD":"Allianz Europe Income and Growth Cl AMg DIS H2-USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","BK4093":"化肥与农用药剂","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4529":"IDC概念","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU1202635105.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (USDHDG) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620226672","content_text":"Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company toldBarron’sthat “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared force majeure on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker CF Industries Holdings, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”","news_type":1,"symbols_score_info":{"NVDA":2,".SPX":2,".DJI":2,"CF":2,".IXIC":2}},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[{"id":544759080019840,"gmtCreate":1774008922361,"gmtModify":1774008926635,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4142648172044492","idStr":"4142648172044492"},"themes":[],"title":"","htmlText":"But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.&nbsp;","listText":"But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.&nbsp;","text":"But nobody thought of a real solution like EV, solar, wind, hydro, nuclear.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544759080019840","repostId":"2620226672","repostType":2,"repost":{"id":"2620226672","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1773999000,"share":"https://ttm.financial/m/news/2620226672?lang=en_US&edition=fundamental","pubTime":"2026-03-20 17:30","market":"us","language":"en","title":"It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More","url":"https://stock-news.laohu8.com/highlight/detail?id=2620226672","media":"Dow Jones","summary":"Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.","content":"<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 17:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0861579265.USD":"联博低波幅策略股票基金A","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1670756490.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AT\" (USDHDG) ACC","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BK4591":"室温超导概念","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","BK4592":"伊斯兰概念","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","CF":"CF工业","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4598":"佩洛西持仓","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1645745479.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (HKDHDG) INC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4602":"量子计算概念","LU0079474960.USD":"联博美国增长基金A","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4605":"半导体精选","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4608":"AI应用概念股","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4527":"明星科技股","LU0528227936.USD":"富达环球人口趋势基金A-ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4526":"热门中概股","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1400636574.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AMG\" (HKDHDG) INC","BK4612":"AI芯片","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4614":"Manus概念股","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4579":"人工智能","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD",".SPX":"S&P 500 Index","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0072462426.USD":"贝莱德全球配置 A2","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0109392836.USD":"富兰克林科技股A","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU0444971666.USD":"天利全球科技基金","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1400636657.SGD":"Allianz Europe Income and Growth Cl AMg DIS H2-SGD","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","BK4567":"ESG概念","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4503":"景林资产持仓","LU0238689110.USD":"贝莱德环球动力股票基金","SG9999002224.SGD":"Allianz Global High Payout SGD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4505":"高瓴资本持仓",".DJI":"道琼斯","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","NVDA":"英伟达","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4543":"AI","BK4512":"苹果概念","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4549":"软银资本持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4548":"巴美列捷福持仓","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2041044095.USD":"Blackrock Circular Economy A2 USD","BK4554":"元宇宙及AR概念","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4585":"ETF&股票定投概念","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4587":"ChatGPT概念","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4550":"红杉资本持仓","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","BK4588":"碎股","LU2191332357.HKD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (HKDHDG) INC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4551":"寇图资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU1400636491.USD":"Allianz Europe Income and Growth Cl AMg DIS H2-USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","BK4093":"化肥与农用药剂","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4529":"IDC概念","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU1202635105.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (USDHDG) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620226672","content_text":"Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company toldBarron’sthat “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared force majeure on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker CF Industries Holdings, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”","news_type":1,"symbols_score_info":{"NVDA":2,".SPX":2,".DJI":2,"CF":2,".IXIC":2}},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":544757034423216,"gmtCreate":1774008493315,"gmtModify":1774011990738,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4142648172044492","idStr":"4142648172044492"},"themes":[],"title":"","htmlText":"Just pay for the oil in yuan and you get safe passage.&nbsp;","listText":"Just pay for the oil in yuan and you get safe passage.&nbsp;","text":"Just pay for the oil in yuan and you get safe passage.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544757034423216","repostId":"1158318586","repostType":2,"repost":{"id":"1158318586","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1774001682,"share":"https://ttm.financial/m/news/1158318586?lang=en_US&edition=fundamental","pubTime":"2026-03-20 18:14","market":"us","language":"en","title":"Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait","url":"https://stock-news.laohu8.com/highlight/detail?id=1158318586","media":"Reuters","summary":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...","content":"<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-20 18:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158318586","content_text":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.Nasdaq futures slid 0.93% while S&P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.","news_type":1,"symbols_score_info":{"CLmain":2,"NQmain":2,"YMmain":2,"ESmain":2,"BZmain":2}},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":544747960854312,"gmtCreate":1774006181264,"gmtModify":1774006185433,"author":{"id":"3575949343225606","authorId":"3575949343225606","name":"Kekemon","avatar":"https://community-static.tradeup.com/news/acc569fb2b4b8cb1641acae354a1df48","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575949343225606","idStr":"3575949343225606"},"themes":[],"title":"","htmlText":"Aiyo. Why like that.😊","listText":"Aiyo. Why like that.😊","text":"Aiyo. Why like that.😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544747960854312","repostId":"1158318586","repostType":2,"repost":{"id":"1158318586","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1774001682,"share":"https://ttm.financial/m/news/1158318586?lang=en_US&edition=fundamental","pubTime":"2026-03-20 18:14","market":"us","language":"en","title":"Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait","url":"https://stock-news.laohu8.com/highlight/detail?id=1158318586","media":"Reuters","summary":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday,...","content":"<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Futures Slide 0.93%; Brent Oil Futures Jump 2%. Trump Mulls Kharg Island Takeover to Force Iran to Open Hormuz Strait\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-03-20 18:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran&#39;s ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.</p><p>Nasdaq futures slid 0.93% while S&amp;P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ff9a6f931857fec66b5aa3e794d276d8\" title=\"\" tg-width=\"552\" tg-height=\"255\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/13f8b58ec50d7d39da7504e5af3a7e42\" title=\"\" tg-width=\"555\" tg-height=\"258\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158318586","content_text":"March 20 (Reuters) - The Trump administration is ‌considering plans to occupy or blockade Iran's ⁠Kharg Island to pressure Iran to reopen the Strait of Hormuz, ‌Axios ⁠reported on Friday, citing four sources ⁠with knowledge of the issue.Nasdaq futures slid 0.93% while S&P futures sank 0.68% on the news. While Brent oil futures jumped about 2% to $105.84 a barrel.","news_type":1,"symbols_score_info":{"CLmain":2,"NQmain":2,"YMmain":2,"ESmain":2,"BZmain":2}},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":544724552581648,"gmtCreate":1774000436044,"gmtModify":1774000726442,"author":{"id":"4102568791638160","authorId":"4102568791638160","name":"Merdeka1981","avatar":"https://community-static.tradeup.com/news/370fc16a4d1090b47fe92034808ebbdd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102568791638160","idStr":"4102568791638160"},"themes":[],"title":"","htmlText":"It's the classic saying of \"you die, I die, everybody die...\"","listText":"It's the classic saying of \"you die, I die, everybody die...\"","text":"It's the classic saying of \"you die, I die, everybody die...\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/544724552581648","repostId":"2620226672","repostType":2,"repost":{"id":"2620226672","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1773999000,"share":"https://ttm.financial/m/news/2620226672?lang=en_US&edition=fundamental","pubTime":"2026-03-20 17:30","market":"us","language":"en","title":"It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More","url":"https://stock-news.laohu8.com/highlight/detail?id=2620226672","media":"Dow Jones","summary":"Fallout from the Middle East conflict is rippling through the global economy—and growing worse the longer it lasts.","content":"<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt’s Not Just Oil. The Iran War Sparked a Supply-Chain Mess That’s Hitting Tech, Medicine, and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-20 17:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.</p><p>The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”</p><p>The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.</p><p style=\"text-align: start;\">The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/114528e2afdc07d6ece332b7553bcfb8\" tg-width=\"956\" tg-height=\"1214\"/></p><p>“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”</p><p style=\"text-align: start;\">Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.</p><p>A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.</p><p style=\"text-align: start;\">Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.</p><p>India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.</p><p style=\"text-align: start;\">Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.</p><p style=\"text-align: start;\">Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company told<em>Barron’s</em>that “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.</p><p style=\"text-align: start;\">For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.</p><p>Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.</p><p style=\"text-align: start;\">The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.</p><p style=\"text-align: start;\">“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”</p><p style=\"text-align: start;\">The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared <em>force majeure</em> on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.</p><p style=\"text-align: start;\">The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.</p><p style=\"text-align: start;\">The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.</p><p>There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker <a href=\"https://laohu8.com/S/CF\">CF Industries Holdings</a>, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.</p><p style=\"text-align: start;\">Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.</p><p style=\"text-align: start;\">“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0861579265.USD":"联博低波幅策略股票基金A","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU1670756490.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AT\" (USDHDG) ACC","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BK4591":"室温超导概念","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","BK4592":"伊斯兰概念","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","CF":"CF工业","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4598":"佩洛西持仓","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1645745479.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (HKDHDG) INC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4602":"量子计算概念","LU0079474960.USD":"联博美国增长基金A","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4605":"半导体精选","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","BK4608":"AI应用概念股","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4527":"明星科技股","LU0528227936.USD":"富达环球人口趋势基金A-ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","BK4526":"热门中概股","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SG9999002232.USD":"Allianz Global High Payout USD","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1400636574.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AMG\" (HKDHDG) INC","BK4612":"AI芯片","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4614":"Manus概念股","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4579":"人工智能","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD",".SPX":"S&P 500 Index","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0072462426.USD":"贝莱德全球配置 A2","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0109392836.USD":"富兰克林科技股A","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU0444971666.USD":"天利全球科技基金","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1400636657.SGD":"Allianz Europe Income and Growth Cl AMg DIS H2-SGD","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","BK4567":"ESG概念","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4503":"景林资产持仓","LU0238689110.USD":"贝莱德环球动力股票基金","SG9999002224.SGD":"Allianz Global High Payout SGD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4505":"高瓴资本持仓",".DJI":"道琼斯","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","NVDA":"英伟达","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4543":"AI","BK4512":"苹果概念","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4549":"软银资本持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4548":"巴美列捷福持仓","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2041044095.USD":"Blackrock Circular Economy A2 USD","BK4554":"元宇宙及AR概念","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4585":"ETF&股票定投概念","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4587":"ChatGPT概念","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4550":"红杉资本持仓","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","BK4588":"碎股","LU2191332357.HKD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (HKDHDG) INC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4551":"寇图资本持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU1400636491.USD":"Allianz Europe Income and Growth Cl AMg DIS H2-USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","BK4093":"化肥与农用药剂","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4529":"IDC概念","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU1202635105.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (USDHDG) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620226672","content_text":"Oil tankers drifting aimlessly in the Persian Gulf may be the most visible economic symbol of the Iran war, but the damage is starting to spread to areas that aren’t as immediately obvious—American farmers, Asian chip makers, and European drugmakers, to name just a few. The war has sparked a supply-chain mess that’s disrupting the global economy and boosting inflation.The U.S. has seemed largely immune to the war’s impact so far, because of strong domestic production of energy and chemicals. Though gasoline prices have surged, there are no lines at gas stations in the U.S., as there were in the 1970s energy crisis. But on Tuesday, Moody’s economist Mark Zandi wrote that the war, along with a weakening U.S. labor market, has raised the odds of a recession in the next year to an “uncomfortably high 49%.”The rest of the world is in a tougher spot. Energy is the biggest problem in sheer dollar terms. The war has cut off access to about 20% of the world’s crude oil and another 20% of the liquefied natural gas, or LNG, that normally traverses the Strait of Hormuz that connects the Persian Gulf with the rest of the world. Oil prices are up about 50% since the war began.The impact on some other commodities, though, is starting to cause serious problems. Urea, a crucial fertilizer, and helium, which is needed to make microchips, are in short supply due to the war. Aluminum, a material used in everything from cans to cars, was already in a supply deficit before the war, and is now getting more scarce and expensive as output from the Middle East is curtailed. Some of these commodities have been in the direct line of fire—attacks on Qatar last week hit a processing plant that makes helium and sulfur as well as LNG, and are expected to take supplies offline for years, QatarEnergy’s CEO told Reuters.“Most people are just focusing on the energy market,” says Chris Tang, a professor at the University of California, Los Angeles’ business school who focuses on supply chains. “But I think the impact is really far-reaching. People are just beginning to see it.”Just how this plays out for the global economy depends on how long the war lasts, say economists and supply-chain experts.A quick resolution—say, in three to five weeks—would push inflation higher but result in a relatively small hit to global gross domestic product. “You would have to take out your magnifying glass” to see the GDP impact, says Nathan Sheets, Citigroup’s chief global economist. In a more grinding and drawn-out scenario, the stakes rise. If Iran succeeds in blocking the strait for months, and oil stays above $100, Sheets thinks it could shave 0.9 percentage points off his expectations for 2.9% global GDP growth this year. J.P. Morgan sees a similar impact if the war drags on, with a 1.2 percentage point hit to GDP in the first half of the year. Inflation, too, would pick up significantly.Some areas face much more dire risks, and could be forced into recession or hyperinflation sooner. Asia and Europe, in that order, are most exposed, at least in the near term. A recession seems likely in Asia “if this drags on for a couple months,” says Jennifer Schuch-Page, a principal at The Asia Group. Historically, about 80% of the oil and natural gas transported through the Strait of Hormuz goes to Asia. Already, countries in the region are taking emergency measures to reduce the impact. China was the biggest buyer of Iran’s oil, but the world’s second-largest economy has been building reserves and diversifying in ways that cushion some of the blow better than its neighbors.India is facing a shortage of liquefied petroleum gas—used for cooking, heating, and powering factories—and has limited how much businesses are allowed to use to make sure consumers have enough. Some Indian restaurants have had to close for lack of cooking fuel. Sri Lanka is running so low that it declared that Wednesdays will be public holidays for the foreseeable future. Bangladesh is closing its universities early, and Pakistan is limiting fuel use by businesses. Emerging market stocks were leading global markets through February, but the war has “reversed that sharply,” notes Abhishek Gupta, executive director of research and development at MSCI.Richer Asian countries and major multinational businesses are also at risk. It isn’t just because of energy. Fitch Ratings warned this week that chip companies in Korea and Taiwan face looming shortages of helium —a gas used in semiconductor manufacturing. Helium cools so-called clean rooms where chips are made under extremely precise temperature and pressure conditions. Substituting another gas would entail completely reconfiguring the system, says Tang.Taiwan Semiconductor Manufacturing is the world’s most important chip maker and arguably Nvidia’s most important partner. Asked about the helium shortage, the company toldBarron’sthat “we do not anticipate any significant impact at this time, and we will continue monitoring the situation closely.” Fitch sees the danger as more of “medium term” risk than an immediate supply crunch.For agricultural products, commodity shortages are more acute. The spring planting season is here, and fertilizer prices are skyrocketing. The Middle East accounts for more than a third of urea supplies and nearly as much ammonia and sulfur—chemicals that are hugely important to farmers. Nearly two-thirds of India’s nitrogen-based fertilizer comes through the Persian Gulf, according to Robin Mills, a fellow at Columbia University who is based in Dubai.Urea, a nitrogen-rich fertilizer that increases corn yields, is 32% more expensive since the start of the war. On top of that, farmers use a lot of diesel fuel, which now fetches over $5 a gallon at the pump, 38% higher than a month ago. American corn farmers have already dealt with three years of financial losses, and this year is setting up for a fourth, says Gretchen Kuck, an economist with the National Corn Growers Association. Farmers say they’re struggling to manage costs, which may lead to higher food prices in the months ahead. “We’re in a pretty tough spot today,” says Kentucky farmer Brandon Hunt.The American Farm Bureau Federation, which represents nearly six million farmers, warned the White House in a letter of a “shortfall in crops” unless policymakers prioritize the issue. Its policy recommendations include allowing for higher blends of ethanol in gasoline year-round, suspending tariffs on fertilizer, and loosening shipping restrictions to allow products to get to farmers faster. The White House announced a 60-day waiver for certain shipping rules on Wednesday.“Many of the producers have used up their equity, they’ve used up their borrowing power, and they simply have no cash to even put a respectable crop in this year on top of those high prices,” says Matt Frostic, a corn farmer in Michigan. “It’s a real red flag at this point.”The aluminum market has also been upended. Smelters in the Middle East—responsible for 9% of global production—have had trouble exporting their products. Alba, a major aluminum company in Bahrain, declared force majeure on contracts because of the war. Aluminum goes into cars, cans, and products like solar panels. Smelters take a long time to restart once capacity has been restricted. And as prices rise, those products are likely to get more expensive.The disruptions extend to even more unexpected places, including the supply chain for pharmaceuticals. The Middle East is an important link in the pharma supply chain, serving as a hub for drugs that are transported from factories in Asia to markets in Europe. Countries like the United Arab Emirates own “cold chain” warehouses to store the drugs mid-transit and help distribute them. With airports closed, pharmaceutical companies are relying on new routes, and some analysts have warned that the supply chain is at risk for critical medicines such as cancer drugs. “The logistics operation is much more complicated,” Tang says.The full impact of all this disruption has yet to hit. Ships tend to take about two weeks to get from the Middle East to Asia, and the war started 2½ weeks ago. The pace at which the U.S. and Israel can get the Strait of Hormuz unstuck will determine just how long these problems last. “Time is the enemy for the macro outlook,” says Joyce Chang, chair of global research at J.P. Morgan.There aren’t many easy ways for investors to profit off gummed-up supply chains. The stocks of companies that can replace disrupted commodities, like fertilizer maker CF Industries Holdings, have already risen. Investors can hedge against more inflationary shocks—which are sure to come if the war drags on—through a broad-based commodities index fund like theInvesco DB Commodity Tracking.Regardless of the war’s resolution, analysts see it having lasting impacts on supply chains. Middle Eastern fossil-fuel producers are likely to build pipelines to divert products to the Red Sea from the Gulf. Asian countries may tilt toward alternate sources of supply like the U.S. And everyone will take a harder look at alternate-energy sources, from renewables to nuclear power, says Mills.“If this goes on a bit longer and the consequences all come home very clearly, I expect big changes,” Mills says. “There will be a lot more desire for self-sufficiency or reliable partners, diversification of partners, diversification of supply chains, alternative materials—obviously a lot less reliance on oil and gas, a lot more on renewable energy.”","news_type":1,"symbols_score_info":{"NVDA":2,".SPX":2,".DJI":2,"CF":2,".IXIC":2}},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"allBottom":false,"essenBottom":false}