📉As stocks continue to sell off this morning given the entry of Iran-backed Houthi forces entering the conflict and an expanded US military presence, leading crude oil to climb back above the US$100 mark, one can’t help but wonder, are certain markets over-penalised? 📰Financial Times have painted China as one of the winers from the ongoing Iran war. If so, what does this mean for China’s equities? ✍Macquarie Sales and Trading’s (S&T) addresses this question in a report published today on 30 March 2026 👀Read on for important disclaimers The below communication has been prepared by Sales and Trading (S&T) Personnel at Macquarie and is not a product of the Macquarie Research Department. For important disclosures relating to this communication, please see: www.macquarie