Global asset markets staged a strong rebound as both the United States and Iran signaled a potential de-escalation of conflict. US stocks closed sharply higher on Tuesday, with the Dow Jones Industrial Average surging over 1,100 points. Former President Trump indicated that Iranian hostilities could conclude within two to three weeks. The Nasdaq Composite jumped 3.83%, while the Dow gained 2.49%. Popular US-listed Chinese stocks also advanced.
Analysts noted that ceasefire negotiation signals between Washington and Tehran boosted market sentiment, causing the VIX volatility index to plummet over 17%. Gold and silver prices rallied significantly, with spot gold rising more than 3% at one point, breaking through $4,700. Asian markets opened strongly, with South Korea's benchmark index climbing over 5%.
The People's Bank of China's Monetary Policy Committee held its first-quarter meeting for 2026 on March 26. The committee stated it will continue implementing appropriately accommodative monetary policies while strengthening counter-cyclical and cross-cyclical adjustments. The central bank aims to enhance coordination between monetary and fiscal policies to promote stable economic growth and reasonable price recovery.
Colorful Guizhou Airlines briefly issued a notice about a five-fold increase in domestic fuel surcharges effective April 5, but later retracted it after the Civil Aviation Administration withdrew its published April fuel information. The airline stated it would issue new operational notices after receiving updated guidance from authorities.
The Shanghai Stock Exchange showed that LandSpace and ChangXin Technology simultaneously suspended their STAR Market IPO processes due to expired financial documentation in their application materials. Investment bankers noted that IPO applicants' financial data remains valid for six months, with a possible three-month extension for updates. Currently, 56 companies across China's exchanges have suspended IPO reviews.
Institutional perspectives remain optimistic about the market outlook. Guosen Securities described recent adjustments as temporary showers during a bull market, identifying three key investment themes. Huajin Securities suggested April trading may show volatility with a positive bias, maintaining the slow-bull trend with potential outperformance in technology and cyclical sectors. Orient Securities noted a consolidation range forming around 3,900 points, highlighting rebound opportunities in sectors like power utilities.
The motorcycle sector gained attention following Zhang Xue's double championship wins, with terminal orders reportedly scheduled through May-July. Huatai Securities highlighted Chinese motorcycle manufacturers' growing overseas market share and improving cost-performance ratios.
The National Data Administration announced plans to enhance computing power supply systems for low-altitude operations and strengthen algorithm development in the low-altitude sector. Guotai Junan Securities observed increasing policy refinement and industry maturation in low-altitude economy-related sectors.
Galaxy Aerospace, a commercial satellite unicorn valued over ¥10 billion, has initiated IPO辅导 procedures. China Securities Co noted steady progress in commercial rocket company listings, with leading firms potentially listing on the STAR Market this year amid favorable policy, technological, and capital conditions.
Positive corporate announcements included Midea Group repurchasing 1.3051 million shares for approximately ¥100 million, SF Holdings repurchasing 67.0432 million shares for ¥2.6 billion, and Huaxin Building Materials forecasting Q1 net profit growth of 126%-213%. Negative announcements featured Galaxy Electronic's subsidiary receiving a ¥3 million fine for bribery, Western Materials' controlling shareholder planning to reduce holdings by up to 1%, and HuiJie reporting a 30.66% decline in 2025 net profit to ¥54.8165 million.
Overseas markets saw tech stocks rebound while energy shares declined. Meta gained 6.67% and Nvidia advanced 5.59%. US-listed Chinese stocks rallied collectively, with NIO rising over 9% and iQiyi climbing more than 6%.
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