1. Trump Sparks Global Capital Market Shockwaves According to reports, U.S. President Donald Trump stated that the U.S. will launch extremely severe strikes against Iran within the next two to three weeks. Trump added that Iran's new leadership is less radical and more rational. If no agreement is reached, the U.S. will target Iran's power plants. "We haven't attacked their oil yet, although that would be the easiest target," Trump said. Regarding the Strait of Hormuz, Trump claimed the U.S. does not need oil from the Middle East, noting that the country barely imports oil transported through the strait. He suggested the strait would naturally reopen once conflicts end. Interpretation: Markets found no indication of a troop withdrawal timeline, with the possibility of continued conflict for two to three weeks, dashing hopes for de-escalation. Investors shifted toward defensive assets. International oil prices surged sharply, with WTI crude futures climbing over 10% to exceed $110 per barrel. Global stock markets, along with gold and silver, declined collectively. South Korea's stock market plunged sharply enough to trigger a trading halt, having experienced multiple recent halts amid extreme volatility resembling a "monkey market."
2. A-Share New Account Openings Hit 460.14 Million in March Shanghai Stock Exchange data shows 460.14 million new A-share accounts were opened in March 2026, an increase of 82.38% month-over-month and 50.10% higher than the 306.55 million accounts opened in March 2025. Cumulative new accounts for 2026 reached 1.20402 billion, up 61.15% year-over-year. Interpretation: This data raises questions for many observers. Given the generally poor performance of global capital markets in March, with median stock declines exceeding 10%, why did account openings surge? The March figure exceeds all monthly totals from 2025 and 11 months of 2024, approaching the level seen in January this year. According to financial media reports, multiple securities brokerage professionals indicate that many clients view A-shares as more attractive after recent pullbacks, seeking to position themselves at lower levels. Previously, during sustained market rallies, some investors hesitated to chase gains over fears of a downturn. The recent correction has released certain risks, creating entry opportunities for retail investors and strengthening the investment inclination of观望 funds.
3. MIIT First Proposes "Computing Power Bank" and "Computing Power Supermarket" China's Ministry of Industry and Information Technology has explicitly suggested exploring innovative services like "computing power banks" and "computing power supermarkets" for the first time. These would support small and medium-sized enterprises in depositing idle computing resources, enabling flexible access through cross-regional and cross-period scheduling. According to MIIT's explanation, computing power banks would allow SMEs to "deposit" unused computing resources into a platform. Through intelligent scheduling across regions and time periods, this would facilitate flexible access, peak-shaving allocation, and value realization of computing resources. Interpretation: CITIC Securities noted that dual drivers of "training + inference" are maintaining strong demand for computing power. As AI applications accelerate their large-scale implementation, Token call volume growth in the first half of 2026 is expected to significantly exceed expectations. Meanwhile, Zhipu AI's GLM 5 model saw a price increase of over 30% for its packages due to exploding demand for coding and Agent scenarios, with adjusted packages selling out quickly—further validating the current tight supply-demand balance in computing power. Which sectors stand to benefit? First, computing power scheduling and operation platform providers. Second, IDC/computing centers with low-cost or idle computing resources. Third, computing power leasing and service operators.
4. Putin: Russia Ready to Do Everything to Restore Middle East Peace (CaiLianShe)
Daily Market Commentary "Fierce analysis yields little; market moves hinge on Trump." Investors face frustration as global markets opened April on a positive note, with risk assets rising before Trump's speech. His hawkish comments triggered an oil price surge and declines in stocks, gold, and silver. Notably, U.S. markets will be closed tomorrow. The oil price movement suggests some investors are betting on significant developments in the coming days. Although over 4,000 stocks declined today, few hit downside limits, and the Shanghai Composite Index recovered somewhat in late trading, holding above 3,900 points. Technology stocks experienced considerable volatility, partly due to differentiation within AI themes and concerns about central banks maintaining interest rates. Under current conditions, even sell-side analysts find their reports quickly outdated. Controlling position size and pacing while awaiting clearer trends represents a relatively prudent approach for most investors.
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