Global Financial Highlights U.S. proposes to impose port call fees on ships built or registered in China South Korean military says North Korea fired several missiles, no response from North Korea for now Ukraine becomes world’s largest arms importer Japan’s basic wage hike hits 32-year high Positive signals emerge On Monday, the sell-off in U.S. equities accelerated to its biggest one-day drop since 2022 The U.S.-Canada trade war continues to ramp up Ontario, Canada, has introduced a $440 million tax increase on electricity exported to the United States. Thailand Launches $440 Million Stimulus to Boost Economic Growth Hong Kong stocks made history yesterday! Mainland funds grab crazy close to HK$30 billion As elections approach, Singapore hands out money and vouchers Trillion-dollar U.S. pension agency’s emerging-markets fund takes position in Meituan, adds to Ping An holdings
Global Financial News
U.S. to impose port call fees on ships built or registered in China North Korea launches several missiles, South Korean military says; no response from North Korea Ukraine becomes world’s biggest arms importer Japan’s basic wage hike hits 32-year high Positive signals emerge Selling in U.S. stocks accelerated on Monday, marking the biggest one-day drop since 2022 The U.S.-Canada trade war continues to intensify Ontario, Canada, raises taxes on U.S.-transported electricity by 25 Thailand Thailand Launches $440 Million Stimulus to Boost Economic Growth Hong Kong stocks made history yesterday! Mainland funds go crazy, close to HK$30 billion As elections approach, Singapore hands out money and vouchers Trillion-dollar U.S. pension agency’s emerging-markets fund opens position in Meituan, adds Ping An to its holdings
U.S. to impose port call fees on ships built or registered in China
North Korea fires several missiles, South Korean military says; no response from North Korea yet
Ukraine Becomes World’s Largest Arms Importer
Japan’s basic wages rise to 32-year high, positive signals emerge
The sell-off in U.S. stocks accelerated on Monday to the biggest one-day drop since 2022
U.S.-Canada trade war continues to pick up steam as Ontario, Canada, raises taxes on electricity exports to the U.S. by 25 percent
Thailand Launches $440 Million Stimulus to Boost Economic Growth
Hong Kong stocks made history yesterday! Mainland funds go crazy, approaching HK$30 billion.
Singapore is giving out money and vouchers as the election approaches.
The trillion-dollar U.S. pension agency’s emerging market fund has opened a position in the U.S. group, adding to its holdings in Ping An.
0 1 U.S. proposes to impose port call fees on ships built or registered in China According to Surfing News, Foreign Ministry spokesman Mao Ning chaired a regular press conference. A foreign media reporter asked, according to reports, the United States is considering the imposition of harbor docking fees on ships built or registered in China, may I ask what China has to say? Previously, we have already stated our position on the relevant issues. Mao Ning reiterated that the imposition of port charges The imposition of tariffs on cargo-handling equipment is a kind of measure that is detrimental to others and harms oneself, pushes up the global cost of maritime transportation, disrupts the stability of the global supply chain, and also increases the inflationary pressure within the U.S., harms the interests of U.S. consumers and businesses, and ultimately fails to revitalize the U.S. shipbuilding industry. We urge the U.S. side to respect the facts and multilateral rules, immediately stop the wrong practices, China will take the necessary measures to defend its legitimate rights and interests. Mao Ning said.
0 1 U.S. proposes to impose port call fees on ships built or registered in China
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According to surging news, Foreign Ministry spokesman Mao Ning chaired a regular press conference. A foreign media reporter asked, according to reports, the United States is considering imposing harbor docking fees on ships built or registered in China, may I ask what China has to say? Previously, we have already stated our position on the relevant issues. Mao Ning reiterated that the imposition of port charges The imposition of tariffs on cargo-handling equipment is a kind of measure that is detrimental to others and harms oneself, pushes up the global cost of maritime transportation, disrupts the stability of the global supply chain, and also increases the inflationary pressure within the U.S., harms the interests of U.S. consumers and businesses, and ultimately fails to revitalize the U.S. shipbuilding industry. We urge the U.S. side to respect the facts and multilateral rules, immediately stop the wrong practices, China will take the necessary measures to defend its legitimate rights and interests. Mao Ning said.
According to surging news, Foreign Ministry spokesman Mao Ning chaired a regular press conference. A foreign media reporter asked, according to reports, the United States is considering the imposition of port call fees on ships built or registered in China, may I ask what China has to say?
Previously, we have already stated our position on the relevant issues. Mao Ning reiterated that the imposition of port charges The imposition of tariffs on cargo-handling equipment is a kind of measure that is detrimental to others and to oneself, pushes up the global cost of shipping, disturbs the stability of the global production and supply chain, and also increases the inflationary pressure within the U.S., harms the interests of U.S. consumers and businesses, and ultimately fails to revitalize the U.S. shipbuilding industry.
We urge the U.S. side to respect the facts and multilateral rules, immediately stop the wrong practices, China will take the necessary measures to defend its legitimate rights and interests. Mao Ning said.
0 2 The South Korean military said that North Korea launched several missiles, the North Korean side has no response for the time being The South Korean Ministry of Defense local time on the 10th news, North Korea on the day of the launch of several missiles into the western waters of the peninsula. In this regard, the North Korean side has no response for the time being.
0 2 The South Korean military said North Korea launched several missiles, North Korea has not responded to the
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South Korea’s Ministry of Defense (MoD) said that the DPRK launched several missiles into the western waters of the peninsula on the 10th of the local time. There was no response from the North Korean side.
0 3 Ukraine Becomes World’s Largest Arms Importer
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Süddeutsche Zeitung 10 cited the Stockholm International Peace Research Institute (SIPRI) Sipri report pointed out that, compared with the past 10 years, Ukraine’s arms imports increased by nearly 100 times, has become the world’s largest arms importer.
According to the data, Ukraine’s current share of total global heavy weapons imports reached 88, ahead of India, Qatar, Saudi Arabia and Pakistan. Germany ranks 33rd in the global ranking of arms imports, but is also the world’s fifth largest arms exporter.
Since the outbreak of the Russian-Ukrainian conflict in February 20 22, at least 35 countries have provided military assistance to Ukraine. The report noted that the United States, the world’s largest arms exporter, accounted for 45 of Ukraine’s total arms supply Germany provided about 12 , while Poland 11 .
In addition, arms imports by NATO countries have increased by 105 over the past five years. Of these, more than 60% came from the United States.
Currently, the United States maintains its position as the world’s largest arms exporter, accounting for 43 per cent of total global exports. France, in second place, accounted for 9.6 percent.
SIPRI researcher pointed out that European countries are highly dependent on the United States in the field of defense and security. Countries such as the United Kingdom and Italy have recently ordered more than 500 F 35 fighter jets and Patriot air defense systems from the United States. In contrast, France is the least dependent on the United States.
Reportedly, with the U.S. diplomatic turn in the Russia-Ukraine conflict, European countries generally began to worry about the security situation.
0 4 Japan’s Basic Wage Rise Hits 32-Year High Positive Signals Emerge Japan’s Ministry of Health, Labor and Welfare January basic wages rose 3 1 year-on-year, the largest increase since October 1992, according to the Ministry of Health, Labor and Welfare. Related indicators show that the wages of full-time employees rose by 3 , exceeding this threshold for the first time since July.
0 4 Japan’s Basic Wage Rise Hits 32-Year High Positive Signals Emerge
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Japan’s Ministry of Health, Labor and Welfare Basic wages rose by 3 1 in January, the biggest increase since October 1992, on a year-on-year basis. Related indicators show that wages for full-time employees rose 3 , exceeding this threshold for the first time since July.
Japan’s Ministry of Health, Labor and Welfare January basic wages rose 3 1 year-on-year, the largest increase since October 1992 .
Related indicators show that the wages of full-time employees rose 3, the first time since July exceeded this threshold.
0 5 Selling accelerates in U.S. equities on Monday in biggest one-day drop since 2022 Selling accelerated in U.S. equities on Monday as the S&P 500 fell another 2 7 , and the Nasdaq 100 fell 3 8 , its biggest one-day drop since 2022. In the large-cap space, Tesla fell 15, while Nvidia pushed the much-hyped chipmaker index to its lowest point since April. The Dow Jones Industrial Average fell 2 1 . The culprit? Uncertainty. Continued anxiety over Donald Trump’s unpredictable tariff threats prompted investors to turn to safe-haven assets. The mass firings of federal employees by the President of the United States, many of them related to lawsuits, as well as his ambivalence about the possibility that he could trigger a recession, seem to have contributed to the fall in the stock market.
0 5 On Monday, the sell-off in the US stock market accelerated to its biggest one-day drop since 2022
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The sell-off in US equities accelerated on Monday, with the S&P 500 falling a further 27 and the Nasdaq 100 dropping 38, its biggest one-day drop since 2022. In the large-cap space, Tesla fell 15, while Nvidia pushed the much-hyped chipmaker index to its lowest point since April. The Dow Jones Industrial Average fell 2 1 . The culprit? Uncertainty. Continued anxiety over Donald Trump’s unpredictable tariff threats prompted investors to turn to safe-haven assets. The mass firings of federal employees by the President of the United States, many of them related to lawsuits, as well as his ambivalence about the possibility that he could trigger a recession, seem to have contributed to the fall in the stock market.
On Monday, the sell-off in the U.S. stock market accelerated, with the S&P 500 falling another 27 and the Nasdaq 100 dropping 38, the biggest one-day drop since 2022.
In the large-cap space, Tesla fell 15, while Nvidia pushed the much-hyped chipmaker index to its lowest point since April. The Dow Jones Industrial Average fell 21.
The culprit? Uncertainty.
Continued anxiety over Donald Trump’s unpredictable tariff threats prompted investors to turn to safe-haven assets.
The US President’s mass dismissal of federal employees, many of them related to lawsuits, and his ambivalence about the possibility that he could trigger a recession, seem to have led to a fall in the stock market.
0 6 U.S.-Canada Trade War Continues to Gain Steam Ontario, Canada, raises tariffs on electricity exports to the U.S. by 25 The government of Ontario, the top province in Canada’s economy, announced on March 10 local time that it would begin imposing tariffs of 25 on electricity exports to the U.S. with immediate effect as part of its retaliatory measures against U.S. President Donald Trump’s tariffs on Canadian goods. Ontario said the newly imposed tariffs will increase electricity exports to the U.S. by about C$10 per megawatt-hour. U.S. states importing electricity from Ontario include the northern border states of New York Michigan and Minnesota, totaling about 1.5 million customers. Ontario Premier Doug Ford said homes or businesses in those states will see their electricity bills increase by C$100 a month. Ford added suspending some of the tariffs, making last-minute exemptions, none of that’s going to work. We need to end the mess once and for all. In addition, the province says the tax will bring in between $300,000 and $400,000 a day in revenue to Ontario, which will be used to support workers and businesses.
0 6 U.S.-Canada Trade War Continues to Gain Steam Ontario, Canada Increases Taxes on Electricity Exports to U.S. by 25
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The government of the province of Ontario, Canada’s top economic province, announced on March 10 local time that it would begin imposing a tariff of 25 on electricity exports to the U.S. with immediate effect as part of its retaliation against U.S. President Donald Trump’s tariffs on Canadian goods. Ontario said the newly imposed tariffs will increase electricity exports to the U.S. by about C$10 per megawatt-hour. U.S. states importing electricity from Ontario include the northern border states of New York Michigan and Minnesota, totaling about 1.5 million customers. Ontario Premier Doug Ford said homes or businesses in those states will see their electricity bills increase by C$100 a month. Ford added suspending some of the tariffs, making last-minute exemptions, none of that’s going to work. We need to end the mess once and for all. In addition, the province says the tax will bring in between $300,000 and $400,000 a day in revenue to Ontario, which will be used to support workers and businesses.
Canada’s top economic province The Ontario government announced on March 10 local time that it would begin imposing tariffs of 25 on electricity exports to the U.S. with immediate effect as part of its retaliatory measures against U.S. President Donald Trump’s tariffs on Canadian goods.
Ontario said the newly imposed tariffs will increase electricity exports to the U.S. by about C$10 per megawatt-hour. U.S. states importing electricity from Ontario include the northern border states of New York Michigan and Minnesota, totaling about 1.5 million customers. Ontario Premier Doug Ford says homes or businesses in those states will see their electricity bills increase by C$100 a month.
Ford added suspending some of the tariffs, making last-minute exemptions none of this is going to work. We need to end this mess once and for all.
In addition, the province says the tax will bring in between $300,000 and $400,000 a day to Ontario, which will be used to support workers and businesses.
0 7 THAILAND LAUNCHES $440 MILLION IN STIMULUS MEASURES TO BOOST ECONOMIC GROWTH The Thai government is aiming to surpass its economic growth target for this year3 , which was helped by a strong first half of the year and will be boosted by the next phase of its signature stimulus program and measures worth 150 billion baht $4.4 billion. Deputy Finance Minister Paopoom Rojanasakul said these stimulus measures, including the next phase of the digital wallet program, would be implemented by the end of the third quarter. He assured that the government has prepared sufficient resources and will use the spending wisely at the right time. The government is looking to its flagship program, the digital wallet scheme totaling 450 billion baht 13.3 billion dollars, to revive an economy that has been struggling since the outbreak. The program will distribute 10,000 baht 300 dollars each to about 45 million people . According to the central bank governor, consumption remains a challenge despite the fact that about one-third of the payments have already been made in cash. He noted that not all of the subsidy was used for consumption during the previous disbursement phase, with some of the funds being used to repay loans. Growth in the fourth quarter of last year missed expectations, coming in at just 3 2 . Throughout last year, the second-largest economy in Southeast Asia grew at a lower-than-expected rate of 2 5 and lagged behind other neighboring countries.
0 7 Thailand Launches $440 Million Stimulus to Boost Growth
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The Thai government is aiming to surpass its economic growth target for this year3 , which was helped by a strong first half of the year and will be boosted by the next phase of its landmark stimulus program and measures worth Bt150 billion and US$4.4 billion. Deputy Finance Minister Paopoom Rojanasakul said these stimulus measures, including the next phase of the digital wallet program, would be implemented by the end of the third quarter. He assured that the government has prepared sufficient resources and will use the spending wisely at the right time. The government is banking on its flagship program, the digital wallet scheme totaling 450 billion baht 13.3 billion dollars, to revive an economy that has been struggling since the outbreak. The program will distribute 10,000 baht 300 dollars each to about 45 million people . According to the central bank governor, consumption remains a challenge despite the fact that about one-third of the payments have already been made in cash. He noted that not all of the subsidy was used for consumption during the previous disbursement phase, with some of the money being used to repay loans. Growth in the fourth quarter of last year missed expectations, coming in at just 3 2 . For the whole of last year, the second-largest economy in Southeast Asia grew by 2 5 , which was lower than expected and lagged behind other neighboring countries.
The Thai government is aiming to exceed its growth target of 3 this year, which was helped by a strong first half and will be boosted by the next phase of its landmark stimulus program and measures worth 150 billion baht and 4.4 billion dollars.
Deputy Finance Minister Paopoom Rojanasakul said these stimulus measures, including the next phase of the digital wallet program, would be implemented by the end of the third quarter. He assured that the government has prepared sufficient resources and will use the spending wisely at the right time.
The government is banking on its flagship program, the digital wallet scheme totaling 450 billion baht 13.3 billion dollars, to revive an economy that has been struggling since the outbreak. The program will distribute 10,000 baht 300 dollars each to about 45 million people .
According to the central bank governor, consumption remains a challenge despite the fact that about one-third of the payments have already been made in cash. He noted that not all of the subsidy was used for consumption during the previous disbursement phase, with some of the money being used to repay loans.
Growth in the fourth quarter of last year missed expectations, coming in at just 3 2 . For the whole of last year, the second-largest economy in Southeast Asia grew by 2 5 , which was lower than expected and lagged behind other neighboring countries.
0 8 Yesterday, Hong Kong stocks made history! Mainland funds grabbed crazy close to 30 billion Hong Kong dollars As of the close of trading on March 10, the southbound funds net buying more than 29,626 million Hong Kong dollars, a record high. Among them, the Hong Kong Stock Connect Shanghai net buy about 17,997 million Hong Kong dollars, Hong Kong Stock Connect deep net buy 11,626 million Hong Kong dollars. It is worth mentioning that, since the opening to March 7, the cumulative net purchase of southward funds has exceeded four trillion Hong Kong dollars. Market participants analyzed that the funds like to go south to buy buy buy, or with the AH premium is gradually narrowing related. The valuation of Hong Kong stocks compared to the A-share discount, and this discount is expected to be repaired, or to bring a constant flow of funds south of the gold rush.
0 8 Yesterday, Hong Kong stocks made history! Mainland funds went crazy, approaching HK$30 billion.
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Yesterday, Hong Kong stocks made history! Mainland funds go crazy, approaching HK$30 billion.
As of the close of trading on March 10, southbound funds net buying more than 29,626 million Hong Kong dollars, a record high. Among them, the Hong Kong Stock Connect Shanghai net buying about 17,997 million Hong Kong dollars, Hong Kong Stock Connect deep net buying 11,626 million Hong Kong dollars.
It is worth mentioning that since the opening to March 7, the cumulative net purchase of southbound funds has exceeded four trillion Hong Kong dollars.
Market participants analyzed that the funds like to go south to buy buy buy, or with the AH premium is gradually narrowing related. The valuation of Hong Kong stocks compared to the A-share discount, and this discount is expected to be repaired, or to bring a constant flow of funds south of the gold rush.
0 9 As Elections Approach, Singapore Gives Out Money and Vouchers As Singapore’s general elections approach, the government is back with a massive distribution of vouchers Cash grants and tax breaks. This year, all households will receive S$800 in Community Development Council CDC vouchers for small retailers and hawker stalls. In addition, the Singapore 60th National Day Special Grant will provide S$600 for citizens aged 21 to 59, S$800 for those aged 60 and above, and a cash subsidy for low-income earners to offset the impact of the GST hike. Despite these measures aimed at easing the pressure on the cost of living, surveys show34 that voters still consider the cost of living to be a key factor in deciding their votes. 10 Trillion U.S. Pension Agency’s Emerging Markets Fund Builds Position in Meituan, Adds to Ping An, Data analysis showed that the $1.3 trillion Teachers Insurance and Annuity Association of America’s TIAA’s Emerging Markets Fund built up a position in Meituan, added to Ping An and Shell, and reduced its holdings of Tigers Tencent and Poundland in January in the Chinese equities space.
0 9 As elections approach, Singapore hands out money and vouchers
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As Singapore’s General Election approaches, the government is back with another massive distribution of vouchers cash grants and tax breaks. This year, all households will receive S$800 in Community Development Council CDC vouchers for small retailers and hawker stalls. In addition, the Singapore 60th National Day Special Grant will provide S$600 for citizens aged 21 to 59, S$800 for those aged 60 and above, and a cash subsidy for low-income earners to offset the impact of the GST hike. Despite these measures aimed at easing the pressure on the cost of living, surveys show34 that voters still consider the cost of living to be a key factor in deciding their votes. 10 Trillion U.S. Pension Agency’s Emerging Markets Fund Builds Position in Meituan, Adds to Ping An, Data analysis showed that the $1.3 trillion Teachers Insurance and Annuity Association of America’s TIAA’s Emerging Markets Fund built up a position in Meituan, added to Ping An and Shell, and reduced its holdings of Tigers Tencent and Poundland in January in the Chinese equities space.
As Singapore’s general election nears, the government is back to handing out vouchers, cash grants and tax breaks on a massive scale.
This year, all households will receive S$800 in CDC vouchers for small retailers and hawker stalls.
In addition, the Singapore 60th National Day Special Grant will provide S$600 for citizens between the ages of 21 and 59, S$800 for those aged 60 and above, and a cash subsidy for low-income earners to offset the impact of the GST hike.
Despite these measures aimed at easing the pressure on the cost of living, surveys show34 that voters still consider the cost of living to be a key factor in determining their votes.
10 Trillion Dollar U.S. Pension Agency’s Emerging Markets Fund Builds Position in Meituan Increases Holdings in Ping An of China
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The emerging markets fund of the $1.3 trillion Teachers Insurance and Annuity Association (TIAA) opened a position in China equities in January, adding to Ping An and Shell, and reducing holdings in Tencent and Pinduoduo, according to an analysis of data.
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