Pre-market report on A-shares | Conflict escalation combined with hawkish stance of the Fed! The "triple kill" of US stocks, bonds, and gold; chemical giant announces price increases again.

Pre-market headlines 1. Escalating conflict plus hawkish Fed stance, US stocks, bonds, and gold experience a "triple kill"! Brent crude oil surges by 7%, the US dollar rebounds to 100. Type: Market Sentiment Impact: Negative The energy infrastructure in the Middle East has been attacked, February PPI data far exceeds expectations, inflation pressures rise, combined with the hawkish signal released by the Federal Reserve which significantly reduces expectations of interest rate cuts this year, overnight crude oil rises strong. US stocks and bonds fall together, the US dollar rises back to the 100 level, oil and gas are the only sectors in the US stock market that have gained, spot gold falls by 3.6% and approaches the $4800 support. 2. Middle East conflicts ignite the chemical price increase chain! BASF issues another price increase announcement, with some products seeing a 30% increase. Type: Industry Sentiment Impact: Positive Global chemical giant BASF issued a statement on Wednesday stating that it will increase prices for all products in its portfolio in the European region including household care, industrial and institutional cleaning (I&I), and industrial formulation businesses, with the price increase reaching up to 30%. The main reasons are significant fluctuations in key raw material prices and supplies, combined with rising domestic and transcontinental logistics costs, as well as significant increases in packaging and energy costs. 3. The Federal Reserve keeps interest rates unchanged as scheduled, dot plot reveals one more rate cut later this year. Type: Macro Sentiment Impact: Neutral On March 19, the Federal Reserve announced that it will maintain the federal funds rate target range at 3.5% to 3.75%, marking the second consecutive time of keeping rates unchanged. The FOMC statement indicates that despite the spike in oil prices and inflation pressures caused by Middle East conflicts, members expect one rate cut this year and more rate cuts in 2027. 4. CSRC: Firmly eliminate "roadblocks" and "stumbling blocks" affecting the reform and development of the capital market. Type: Macro Sentiment Impact: Positive The CSRC held a comprehensive meeting on strict party governance and discipline inspection and supervision work, emphasizing further deepening of anti-corruption governance in key areas, increasing efforts in investigating and handling cases, and resolutely cracking down on behaviors that disrupt market order and harm the interests of investors to firmly eliminate "roadblocks" and "stumbling blocks" affecting the reform and development of the capital market. Investment Calendar The Second Siasun Robot & Automation Conference Investment Tips Investment Tip: When a highly leveraged banking system is combined with speculative frenzy, it will create a large number of unstable investment bubbles, and these bubbles will inevitably burst, leading to the collapse of the entire economy. Clark's "Charlie Munger's Investment Ideas" Institutional Views 1. Guotai Haitong: The current market correction is not solely caused by geopolitical conflicts, this period is more suitable for a defensive stance. 2. Huatai: Overall reduction in risk appetite, geopolitical tensions and the upward risk of oil prices remain the main contradictions in market pricing. 3. Orient: The upside of the moving averages is unlikely to be achieved in one go, with 4100 points as the short-term rebound target. Positive and Negative Prospects 1. The popularization of AI applications and the popularity of OpenClaw, the computing power service market enters a period of price increase. Type: Market discussion Sinolink: The computing power gap will be rapidly released under the catalysis of more modes and wider scenarios. The outbreak of C-end traffic with AI cartoons, programming, and other native scenes, combined with the B-end vertical model's potential, will collectively drive a substantial increase in real-time reasoning computing power consumption. 2. LB Group Co., Ltd. adjusts prices again after half a month! The titanium dioxide welcomes the second round of price hikes this year. Type: Market discussion Huachang Securities: Cost-side rigid support is significant, internal and external prices resonate upward. Cost pressure on the raw material side is the core reason for this round of price adjustments for titanium enterprises, the continuous shrinkage effect on the supply side is evident, driving the steady rise in titanium dioxide prices. 3. Beijing: Subsidies will be provided for commercial aerospace insurance companies in accordance with relevant policies. Type: Policy focus Huatai: The visibility and attention of the commercial aerospace capital market and industry have significantly increased, driving the acceleration of the industry's closed-loop formation. The commercial aerospace industry is facing an accelerated development opportunity under the three major industry turning points of policy, performance, and technology. Announcements Positive Announcements 1. Zhejiang Great Shengda Packaging: Plans to invest 550 million yuan in the high-performance graphics processor company Core Vision Semiconductor. 2. Hunan Heshun Petroleum: Plans to acquire 51.11% voting rights of Ke Xin Technology, a high-speed interface IP company, with a total of 5.4 billion yuan and gain control. 3. Nanya New Material Technology: Repurchases 686,200 shares, with a total payment amount of 90.23 million yuan. Negative Announcements 1. Wells Advanced Materials: Shareholder Dongrui International plans to reduce its stake by no more than 3%. 2. Zbit Semiconductor, Inc.: Three shareholders plan to collectively reduce their stake by no more than 3% of the company's shares. 3. Shijihengtong Technology: Some shares of the actual controller have been judicially frozen due to a divorce dispute. Overseas Markets Note from Zixuan: Inflation pressures and Powell's remarks have put pressure on stock indices, with all three major US indices falling by over 1% on Wednesday. Seven giants in the market all declined, with Amazon down by 2.48% and Nvidia down by 0.84%; most popular Chinese concept stocks also experienced declines, with Ideal Auto down by 5.12%. This article is reproduced from "Tencent Selects Stocks", edited by Chen Xiaoyi.