HK, US stocks top stories
WRAPUP 1-Trump and Iran signal no quick end to war as tankers burn in Iraqi watersOil prices are approaching $100 again, the Hang Seng Index opened down 179 points, CNOOC is up, Shandong Molong is up 15%, Guotai Junan International is down over 4%Apple’s foldable iPhone to feature iPad-like interface when openedStocks to watch: Q&M Dental, Del Monte Pacific, RH PetrogasThe IEA's release plan failed to suppress oil prices, and the Asia-Pacific stock market fell broadly, with Dow futures down 0.9% and oil prices rising over 6%Tracking the Investigation of Chinese Investment Banks in Hong Kong: What Happened?The devil is in the details! "The largest release of oil reserves in history": not only is the scale not large enough, but the speed is also not fast enoughPhysical Assets vs Financial AssetsInvestors rush to flee, banks drastically cut credit, the U.S. private credit industry faces a "run on the bank" stormHedge funds have encountered their "largest drawdown" since April of last year, particularly with "long-short equity strategies" that have high positions in Europe and South KoreaIn just a few hours, a "180-degree turnaround"! The United States shifted from "opposition" to "promotion" of the largest strategic oil reserve release in history, driven by Trump's concernsBrazilian sugar giant Raízen launches a $12.6 billion debt restructuring, with BNP Paribas holding $800 million at the topThe IEA proposed the largest release of oil reserves in history, global stock markets rebounded, and the stock markets in Japan and South Korea closed higher, with oil prices stabilizing below $90The IEA approves the release of a record oil reserve, with a scale of 400 million barrels, more than double the level of 2022Reminder: Please pay close attention to the following (all times are in Beijing time)Despite the situation in the Middle East, the confidence of CEOs of large American companies in the economy continues to strengthen, reaching a new high in over a yearIs there a turning point in the U.S. Department of Justice's investigation into Powell? The Chief Prosecutor has been replacedReport: The Trump administration will announce the launch of a trade investigation to pave the way for new tariffsReport: The foldable screen iPhone from Apple will be released later this yearThe 30-year U.S. Treasury yield rose by 7 basis points, with the U.S. CPI data causing a momentary disruption