格隆汇3月31日｜据央视，今天上午，全球最大吨位增程式旋挖钻机在湖南长沙下线首发，这款钻机的作业重量达到200吨、扭矩620千牛·米（KN·m）、孔径3500毫米，同时在多电机同步、瞬变大负载缓冲控制、主卷扬势能回收等方面实现关键核心技术突破，获得相关授权专利十余项，实现了多电机转速与转矩双闭环高精度同步。钻杆钻具寿命延长20%，冲击震动降低15%，能量回收率达70%以上，单次下放最高可回收5度电，在低温环境下用于驾驶室供暖和电池辅热，综合节能5%~10%。

John B. Sanfilippo & Son ( JBSS ) declares $1.50/share special dividend . Payable May 21; for shareholders of record April 27; ex-div April 27. See JBSS Dividend Scorecard, Yield Chart, & Dividend Growth. More on John B. Sanfilippo & Son John B. Sanfilippo & Son Is A Buy After The Rally John B. Sanfilippo & Son, Inc. (JBSS) Q2 2026 Earnings Call Transcript JBSS outlines July 2026 bar production launch while expanding margin initiatives and capex investments Seeking Alpha’s Quant Rating on John B. Sanfilippo & Son Historical earnings data for John B. Sanfilippo & Son

格隆汇3月31日｜中国汽车流通协会发布的最新一期“中国汽车经销商库存预警指数调查”VIA（Vehicle Inventory Alert Index）显示，2026年3月中国汽车经销商库存预警指数为57.5%，同比上升2.9个百分点，环比上升1.3个百分点，库存预警指数位于荣枯线之上。

HOT TOPICS China targets excessive competition in tech and green sectors The State Administration for Market Regulation issued a notice aimed at preventing excessive competition in key sectors and fields, including the platform economy, solar power, lithium batteries, and new-energy vehicles. The regulator will strictly identify and penalize platform companies that use search rankings and algorithmic controls to force or covertly force merchants on their platforms to sell goods below cost.

全球最大吨位增程式旋挖钻机在湖南长沙下线首发，这款钻机的作业重量达到200吨、扭矩62万牛·米（KN·m）、孔径3500毫米，同时在多电机同步、瞬变大负载缓冲控制、主卷扬势能回收等方面实现关键核心技术突破，获得相关授权专利十余项，实现了多电机转速与转矩双闭环高精度同步。钻杆钻具寿命延长20%，冲击震动降低15%，能量回收率达70%以上，单次下放最高可回收5度电，在低温环境下用于驾驶室供暖和电池辅热，综合节能5%～10%。此次同步发布的系列钻机既保留了纯电驱动的节能环保优势，又解决了传统纯电设备“续航焦虑”的痛点，能耗成本大大降低，同时具备电机扭矩大、响应快、噪音低的优势，支持纯电、增程、插电模式切换，为超大规模桥梁与高速铁路桩基工程，绿色施工要求严格的城区与敏感区域，高原、山区等电网覆盖不足的野外基建等运用场景提供了强有力支撑。（央视新闻）

BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports Reuters

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Former US Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal joins Former Permanent Representative of India to the UN Syed Akbaruddin for a panel on how South Asia is affected by the near-closure of the Strait of Hormuz. (Source: Bloomberg)

Allbirds ( BIRD ), a sustainable footwear company, signed an asset purchase agreement with American Exchange Group under which the latter will acquire Allbirds' ( BIRD ) intellectual property and select assets/liabilities for about $39M. The transaction, unanimously approved by Allbirds’ ( BIRD ) board, is subject to shareholder approval, with a proxy filing expected by April 24, 2026. The deal is anticipated to close in Q2, followed by a distribution after wind-down costs. The agreement includes the transfer of core intellectual property and operational assets, effectively handing control of the brand to American Exchange Group, which is seeking to expand its footprint in footwear and lifestyle categories. BIRD ( BIRD ) stock price jumped 30% on Monday during after-market hours of trading. More on Allbirds Allbirds to close remaining full-price U.S. stores Seeking Alpha’s Quant Rating on Allbirds Historical earnings data for Allbirds Financial information for Allbirds

Australia will likely gain an unexpected multi-billion dollar windfall from the Iran war, as higher coal and gas export prices boost revenues over the five years to 2030, according to Westpac Banking Corp. The national budget will get about A$20 billion ($14 billion) more revenue over that period, senior economist Pat Bustamante wrote in a report Tuesday. And the jump in gold prices since 2024 is estimated to add another A$19 billion to the government’s coffers over the next five years. “Higher commodity prices and elevated inflation are lifting Treasury tax collections,” Bustamante wrote. “Because the tax system operates in the nominal world, tax receipts can continue to rise even as real economic activity slows over the coming years, as we expect.” The national budget is due in May and the government’s updated commodity assumptions and revenue forecasts will be closely watched, as that will affect Prime Minister Anthony Albanese ’s attempts to reduce the deficit. Using spot prices and its commodity forecasts, Westpac’s Bustamante estimated that the higher-than-assumed prices will deliver a windfall of almost A$60 billion over the five years to fiscal 2030, with about a third of that directly tied to the current conflict. The gains are expected to more than offset the estimated A$2.6 billion cost of a temporary cut to a fuel tax which was announced this week, leaving a net improvement in the budget position in the near term, he wrote. The windfall comes after Australia’s 2025 trade surplus shrank to the lowest since 2018 due to a decline in shipments to China, its largest trading partner. Australia’s broader economy is also on shaky footing, with UBS AG predicting a period of “ stagflation ” led by higher borrowing costs and renewed inflationary pressures. “Gold is also delivering an underappreciated windfall,” Bustamante wrote, noting the yellow metal is poised to become Australia’s second‑largest export by value in the fiscal year ending in June, overtaking lique...

Japan’s economy and health ministries are establishing a joint task force to ensure that the country won’t run out of medicines and health products as the conflict in the Middle East disrupts supplies of critical goods. Targeted items include blood products for transfusions, dialysis equipment, as well as syringes, gloves and aprons, the Ministry of Economy, Trade and Industry and the Ministry of Health, Labour and Welfare said Wednesday. The agencies are heeding a call from Prime Minister Sanae Takaichi , who asked the public to remain calm, adding that “there will be no immediate disruption.” The monthlong conflict, triggered by the US attacks on Iran’s leadership and the subsequent closing of the Strait of Hormuz, has disrupted shipments of petroleum products, including naphtha and ethylene, which are used for surgery and dialysis. Ryosei Akazawa , METI’s minister, said it will be critical to respond flexibly, without ruling out any possibilities. While supplies aren’t expected to be interrupted immediately, the government will proceed with procuring alternative products from global markets, he added. Read More: Japan PM Seeks to Ease Concerns Over Medical-Product Supplies Japan relies heavily on imported petrochemical feedstock to manufacture basic medical supplies, leaving hospitals exposed when global energy routes are disrupted. Products dependent on production in Asian countries will be affected by potential crude oil shortages. “We are receiving information suggesting that long-term supply may be impacted,” Akazawa said. Medical-device manufacturers Nipro Corp. , Olympus Corp. and Terumo Corp. have sought to reassure stakeholders, saying that there was no imminent impact to production and that they were monitoring the situation closely. Last week, the Hodanren, a Japanese federation of medical workers and insurers, urged the government to take steps to ensure stable supplies, warning that “if supplies become tight, it will directly impact patients’ lives an...

格隆汇3月31日｜据澎湃，2026年3月，一个成立仅两年的中国品牌“张雪机车”，在世界顶级摩托车赛事（WSBK）上力压杜卡迪、雅马哈、川崎等国际品牌，连续两次为中国捧起冠军奖杯，打破欧美日摩托厂商对WSBK中量级组别的垄断。今年3月初，“张雪机车”完成A轮融资后，公司估值约10.9亿元。

从国际法角度看，伊朗无权在霍尔木兹海峡收取通行费用，霍尔木兹海峡与博斯普鲁斯海峡、苏伊士运河也无法相提并论 【财新网】 当地时间3月30日，伊朗伊斯兰议会国家安全与外交政策委员会成员阿拉丁·布鲁杰迪表示，伊朗目前对霍尔木兹海峡这一战略水道拥有完全的控制权，伊朗计划建立一套全新的海峡管理体系，拟参照土耳其对博斯普鲁斯海峡、埃及对苏伊士运河的管理模式，要求经过该海峡的船只必须获得伊朗方面许可，并支付相应的通行及服务费用。 布鲁杰迪解释，伊朗在过去几十年中为维护该海峡的安全支付了巨额成本，未来将通过制度化手段收回相关支出并加强对该航道的监管。他表示，随着相关议案在议会的推进，未经伊朗政府授权的船只将不再拥有在这一关键水域的自由通行权。更早之前，布鲁杰迪称伊朗已开始向部分船只收取200万美元的通行费用。

Stadtratte/iStock via Getty Images To start 2026, there has been ample coverage of the broad selloff in software stocks due to artificial intelligence ('AI') disruption risk. This selloff has not only rippled through public markets but also private equity and private credit. This article will not explore the disruptive threat of AI to specific software products or other parts of the economy, which could be very real for some companies. Rather, it will build on our belief that the sell-off in publicly listed software and software-linked securities may have been broader than warranted. During this process of figuring out the ultimate winners and losers in the software industry, it is important to keep in mind that indiscriminate selling almost always creates opportunities. Especially for active managers, and particularly for the nimblest active managers. So, how best to harvest these opportunities? Public Versus Private Investments During Market Turmoil In rapidly evolving situations where winners and losers are being identified and priced accordingly in near real-time, should investors feel comfortable being locked into a set of illiquid private software companies that they can’t sell or trim exposure to in the near term? Or might it be more prudent to have a liquid, private equity (PE)-mimicking portfolio that invests in publicly listed software companies and can be responsive to the dynamic situations surrounding individual companies and divest from specific holdings when appropriate? Then, as the dust settles and it becomes clearer which ones may face less disruption risk and thus may be mispriced, a strategy that can be nimble in picking its (re)entry points may allow investors to buy low and potentially capture the recovery more effectively than they can in illiquid private markets. This is the dilemma currently facing many investors, as software is the most dominant industry-level concentration risk in private credit portfolios, at approximately 25% of exposure...

The yen’s weakness has become a growing concern for Japan’s policymakers, given its impact on import prices and household costs. That pressure intensified in late March, when the currency slid past 160 yen per dollar for the first time since July 2024 — a level that has previously triggered government intervention. Officials have since stepped up warnings, with Vice Finance Minister for International Affairs Atsushi Mimura signaling readiness to take “decisive action” against speculative moves. Why is the yen weak? The US-Israel war with Iran has added fresh pressure on the yen. Japan imports almost all of its energy, with more than 95% of its oil imports coming from the Middle East , making it highly exposed to disruptions in the region. Higher oil prices mean Japan must pay more for energy imports — in dollars — increasing demand for foreign currency at the expense of the yen. Structural factors continue to play a role as well. The gap between Japan’s ultra-low interest rates and those in the US and other major economies remain wide, which encourages investors to borrow cheaply in yen and invest in higher-yielding assets overseas, putting sustained selling pressure on the Japanese currency. While the Bank of Japan raised interest rates in December to the highest in 30 years, they remain low by global standards. Why is the yen’s weakness a cause for concern? The yen’s slide over the past decade or so has helped transform Japan into an affordable travel destination for millions of foreign tourists and boosted the profits of the nation’s biggest exporters. But in an economy heavily dependent on imported energy and raw materials, the feeble yen has also driven up costs, fueling inflation for households and squeezing margins for domestically focused businesses. The resulting cost-of-living crunch contributed to the downfall of two prime ministers before current leader Sanae Takaichi took office. Beyond the domestic picture, there’s another reason why Japan’s government...

泰国政府在一份声明中称， 微软 计划未来两年内在泰国投资10亿美元，用于云计算服务与人工智能基础设施建设。声明提到，该项投资还将包括为泰国劳动力培养数字技能。此次投资公告发布前，已有多项数据中心投资落地以支撑人工智能发展；而作为东南亚第二大经济体，泰国正加速推进数据中心、电子产业及发电相关项目。 责任编辑：王永生

Matthew Fowler Judge Kathaleen McCormick said Monday she is reassigning cases involving Elon Musk after he alleged bias stemming from what appeared to be her support of a social media post critical of him. Musk formally accused McCormick of bias last week, and his attorneys demanded that the Delaware Court of Chancery judge recuse herself from two Tesla ( TSLA ) lawsuits. The LinkedIn post that McCormick allegedly responded to with an emoji touted a court verdict that could cost Musk upwards of $2 billion for defrauding Twitter investors. "As should be obvious, disproportionate media ​attention surrounding a judge’s handling of an action is detrimental to the administration of justice," McCormick wrote in her letter ​to the legal teams in the three cases, adding she was not biased against the defendants, according to a Reuters report . She also ⁠said the motion for her recusal was based on the false premise that she was supportive of the LinkedIn post. In a letter to the legal teams last week, McCormick said she had not read the post and reported the incident as suspicious activity to LinkedIn. The defendants said ​if McCormick eventually sided with Tesla's ( TSLA ) shareholders, her ruling would be tainted by her "support" for the people standing up to Musk. More on Tesla Tesla May Beat Deliveries, But This Could Hurt The Bottom Line Tesla: The Market Will Eventually Ignore The Carefully Crafted Disruption Narrative Tesla: The Implosion Isn't Done Yet Tesla scaling up in Japan with plans to double service centers, more showrooms Is merging with SpaceX the new 'master plan' at Tesla?

格隆汇3月31日｜英美烟草马来西亚有限公司：因将于7月1日启用全新市场渠道模式，启动员工队伍优化。

Morning Bid: Some respite for nervy markets after brutal month Reuters

格隆汇3月31日｜据国是直通车，近日从360数字安全集团获悉，其自主研发的360多智能体协同漏洞挖掘系统，在OpenClaw平台中发现一处高危漏洞——MEDIA协议Prompt注入绕过工具权限泄露本地文件漏洞。该漏洞被国家信息安全漏洞库（CNNVD）正式确认，影响范围覆盖全球50多个国家和地区，超17万个可公开访问的OpenClaw实例面临安全风险。据介绍，该漏洞的核心风险在于，MEDIA协议运行于输出后处理层，可完全绕过平台工具策略控制，即便Agent禁用所有工具调用，攻击者仅凭群聊基础成员权限即可发起攻击，直接窃取服务器敏感信息，极易引发后续网络攻击。

中国海外发展在港交所公告，2025年集团收入为人民币1680.9亿元。公司股东应占溢利为人民币126.9亿元。每股基本盈利为人民币1.16元。

三大指数均震荡下挫，轨交设备板块领涨，张雪机车夺冠事件带动宏昌科技连续大涨，贵州茅台隔逾两年再提价早盘涨2.33%，存储芯片概念、通信行业大跌

格隆汇3月31日｜本田：成立初创公司 PATHAHEAD，开发人造骨料。

Versigent plc will replace Titan International ( TWI ) in the S&P SmallCap 600 ( SP600 ) effective prior to the opening of trading on April 2, 2026. S&P 500 constituent Aptiv ( APTV ) is spinning off Versigent in a transaction expected to be completed April 1. Post spin-off, Aptiv will remain in the S&P 500. Titan International's market capitalization is no longer representative of the small cap market space. More on Titan International, Aptiv Aptiv PLC - Attractive In A Problematic Sector Aptiv: Bullish About Valuation Discount And Growth Potential Titan International, Inc. (TWI) Q4 2025 Earnings Call Transcript Meet Versigent: The auto supplier spinning off from Aptiv after a long wait UBS highlights top industrial stocks with strong upside

格隆汇3月31日｜巴基斯坦KSE-100指数上涨1.1%，至148,509.20。

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格隆汇3月31日｜联昌国际证券分析师Ivy Ng Lee Fang在一份报告中表示，印度尼西亚计划推出B50生物柴油强制掺混政策，该政策要求50%的掺混比例基于棕榈油，这似乎对毛棕榈油价格和需求构成利好。她说，该政策每年可能增加最高400万吨的需求，并收紧可出口的供应，不过实施细节仍不清楚。印度尼西亚目前实施的是B40生物柴油强制掺混政策。她补充说，毛棕榈油价格走高可能有利于上游种植园主，不过涨幅可能会被不断上涨的燃料和化肥成本部分抵消。联昌国际将其对2026年毛棕榈油平均价格的预测从每吨4,000林吉特上调至每吨4,400林吉特，并将2027年的预测从每吨4,200林吉特上调至每吨4,500林吉特。