Key News
1. US President Trump threatened to destroy Iranian energy facilities if Iran fails to reach a war agreement.
2. Morgan Stanley strategists stated that despite the ongoing military conflict between the US, Israel, and Iran, mounting evidence suggests the US stock market decline is "nearing its end." The strategists also warned that interest rate hikes remain one of the short-term risks facing the US stock market.
3. Iranian Foreign Ministry spokesman Bagaei stated that some ships passed through the Strait of Hormuz after coordination.
4. The EGA aluminum plant in the UAE was attacked by Iranian missiles and drones, resulting in severe damage to facilities and a large-scale production reduction. It is estimated that the Middle East accounts for approximately 9% of global aluminum supply.
Individual Stock News
1. Rio Tinto (RIO.N) resumed operations at three Pilbara port terminals after Tropical Cyclone Narell.
2. Toyota Motor (TM.N) released data on Monday showing that global sales in February fell 2.3% year-on-year to 806,905 vehicles.
3. According to Nikkei: Tesla (TSLA.O) plans to double the size of its service center network in Japan.
4. BlackRock (BLK.N) funds invested approximately $57 million in IQM quantum computing company to support its US IPO.
5. Sysco (SYY.N) is reportedly close to acquiring cash-and-carry wholesaler Restaurant Depot for $29 billion.
6. AstraZeneca (AZN.O) announced that its innovative drug for a rare disease has been approved in China.
