【Market Opening Go】Trump plans to stabilize oil prices, JD.com records quarterly loss for the first time in nearly four years, BYD's battery technology upgrade

March 6, 2026 [News Summary]

1. U.S. stocks faced heavy selling pressure on Thursday (5th), with the Dow Jones Industrial Average plunging over 1,000 points at one point. Triggered by the impact of the Middle East conflict on the oil supply chain, New York crude oil broke through the $80 mark, rising over 8% to exceed $82, reaching its highest level since July 2024. London Brent crude oil was reported at $84.55, up 3.9%. The China Golden Dragon Index reported 6,913 points, down 1.4%. Nikkei futures fell 75 points as of 7:51 AM.

2. U.S. President Trump stated that measures to alleviate oil prices are imminent; the European Union is brewing short-term measures to mitigate rising energy prices.

3. Iran launched a new round of missile and drone attacks on Gulf countries on Thursday evening, with the foreign minister stating they are prepared to respond to a U.S. ground attack; Israel plans to promote Kurdish armed groups to join the war against Iran, while the CIA is working to arm the Kurds and incite an uprising in Iran.

4. U.S. President Trump believes it is unacceptable for Khamenei's son to come to power and will personally participate in selecting Iran's next Supreme Leader.

5. The U.S. plans to expand export controls on NVIDIA and AMD AI chips from about 40 countries to a global scope.

6. Chinese President Xi Jinping stated that achieving the "14th Five-Year Plan" economic and social development goals requires addressing a more complex environment and resolving deeper contradictions. Attention will be on the economic-themed press conference held by the Governor of the People's Bank of China and the Chairman of the China Securities Regulatory Commission on Friday.

7. Trump dismissed Homeland Security Secretary Nom, appointing Oklahoma Federal Senator Markwayne Mullin as his successor, marking the first cabinet member change since returning to the White House.

8. U.S. productivity growth in the fourth quarter exceeded expectations. The number of layoffs in U.S. companies fell in February, and the number of initial unemployment claims remained low last week, indicating a stabilizing labor market.

9. The Pentagon notified Anthropic that its products pose risks to the U.S. supply chain; OpenAI released new financial service tools, intensifying competition.

10. On Thursday, southbound funds net sold Hong Kong stocks amounting to HKD 27.7 billion, setting a record for the largest single-day net sell-off.

11. BYD launched a new generation of batteries and fast-charging technology, aiming to reverse the sales decline in the Chinese market.

[Focus Stocks]

JD.com (09618)

- Adjusted net profit in the fourth quarter fell 90%, still better than expected, marking the first quarterly loss in four years, with new business losses narrowing to RMB 14.8 billion; JD.com ADR rose 0.2%.

BYD Company Limited (01211)

- Launched a new generation of batteries and fast-charging technology, charging from 10% to 70% in just 5 minutes, with a full charge range exceeding 1,000 kilometers.

Bilibili (09626)

- Fourth-quarter profit increased 4.71 times to RMB 510 million, adjusted profit increased by 94%; Bilibili ADR fell 7%.

Oil Stocks: CNOOC (00883), Sinopec (00386), PetroChina (00857)

• Trump says he is not worried about rising oil prices, military action takes priority

• New York crude oil rose 8.51% overnight, Brent crude rose 4.93%

Shipping stocks: China COSCO Shipping Holdings (01919), Orient Overseas International (00316), Pacific Basin Shipping (02343)

• Iranian deputy commander says the Strait of Hormuz is not blocked

• Iranian Revolutionary Guard states that during wartime, the right of passage through the Strait of Hormuz is controlled by Iran, and vessels from the US, Israel, and Europe are banned; violators will be attacked

GPU concept: Baidu (09888), Bairun Technology (06082), Tianxu Zhixin (09903) AI concept: Alibaba (09988), Tencent Holdings (00700), SenseTime (00020)

• The US reportedly plans to extend AI chip export controls globally, requiring US permission to export NVIDIA and AMD AI accelerators

AI concept stocks: Alibaba (09988), Tencent Holdings (00700), SenseTime (00020)

• Oracle faces cash shortages due to AI data center expansion and plans to lay off thousands, with implementation as early as this month

Storage chip stocks: Zhaoyi Innovation (03986), Lanke Technology (06809)

• Alibaba, ByteDance, and Tencent reportedly turn to domestic chip manufacturers to mitigate the impact of global storage chip shortages

Travel stocks: Trip.com Group (09961), Tongcheng Travel (00780)

• Reports indicate that after the US and Israel attack Iran, 20,000 flights in the Middle East are canceled, affecting over 1 million people and threatening the $11.7 trillion global tourism industry

JD Health (06618)

• Last year's net profit increased by 29.2% to 5.38 billion RMB, no dividend declared

InnoCare Pharma (03696)

• United Therapeutics and InnoCare's CKD anemia new drug completes the first patient dosing in Phase I clinical trial

Melco Resorts & Entertainment (00880)

• Last year turned a profit into a loss of 430 million HKD, gaming net revenue decreased by 2.4%, no dividend declared

JD Logistics (02618)

• Last year's net profit increased by 7.2% to 6.65 billion RMB, adjusted profit decreased by 2.6%

Prada (01913)

• Last year's net profit of 850 million euros increased by 1.6%, final dividend of 0.166 euros declared

Xindong Company (02400)

• Expected last year's net profit to increase by 77%, revenue increased by 14%

Hutchison China MediTech (00013)

• Last year's net profit increased 11 times with no dividend declared, expects revenue from oncology and immunology products to increase by 57% this year

CITIC Resources (01205)

• Reduced holdings in Alcoa, cashing out over 900 million HKD, resumed trading this morning

InnoCare Pharma (03696)

• United Therapeutics and InnoCare's CKD anemia new drug completes the first patient dosing in Phase I clinical trial

【Oil and Gold Prices】

New York crude oil rose 0.60%, reported at $79.36 per barrel

Brent crude oil rose 3.57%, reported at $84.31 per barrel Spot gold rose 0.10%, reported at $5,085.20 per ounce.

Gold futures rose 0.05%, reported at $5,095.99 per ounce