Myanmar’s ageing railway stations are bustling with life, crowded with passengers as surging fuel prices due to the Middle East war drive commuters to choose trains over costly planes and cars. On a journey from the country’s largest city Yangon to the capital Naypyidaw, Agence France-Presse journalists sat in air-conditioned carriages full of travellers napping and sharing tea, fried rice and instant noodles. First class adult train tickets cost 19,000 kyats (US$9), while the cheapest bus fares...

智通财经获悉，随着投资者对能源危机将推动美联储加息的疑虑加深，并转而追逐收益率触及年内高点的美国国债，美债市场的抛售势头暂告停歇。 周五，基准美债收益率在攀升至2025年年中以来最高水平后回落。对美联储政策变动最敏感的两年期收益率一度下滑9个基点至3.90%，此前曾触及近4.03%的6月以来高位。 尽管原油价格突破多年新高，债市仍出现反弹，打破了近期两者的联动模式。过去一个月，投资者基本无视燃油成本上涨对经济的拖累，反而因通胀预期升温持续推高收益率。 BMO Capital Markets美国利率策略主管Ian Lyngen表示：“美债收益率曲线前端已不再将能源价格作为通胀风险因素进行跟踪，而是更加关注经济增长和风险资产的下行压力。” 较长期限国债收益率也从年内高点回落。10年期美债收益率当日仍上涨近2个基点至4.43%，此前一度突破4.48%，为7月以来首次。随着油价在美国对伊朗展开军事行动(已进入第五周)推动下继续走高，各期限美债收益率一度触及日内高位。 尽管WTI原油期货合约收于每桶99.64美元，创下2022年中期以来最高水平，短期国债收益率仍维持在当日低位附近。全球基准布伦特原油同样收于多年高点。 由此引发的收益率曲线趋陡，打破了此前一个月油价上涨伴随曲线趋平的格局——彼时投资者预期美联储将对通胀上升作出反应。 Lyngen在周五发布的报告中称，周五的市场走势标志着一个拐点的临近，即“市场对油价进一步上涨的反应机制将发生转变”，转向推动收益率曲线趋陡。 自2月28日美国袭击伊朗、扰乱该地区石油供应以来，美债收益率整体随油价上涨。周四晚些时候，美国总统特朗普将对伊朗能源设施打击的暂停期延长10天，收益率和油价一度短暂回落，但他对达成和平协议的可能性表示质疑。 收益率走高反映出美国零售汽油价格相关上涨可能体现在整体消费通胀指标中，从而阻碍美联储实施市场在冲突爆发前普遍预期的降息。 法国外贸银行美国利率策略主管John Briggs表示，只要霍尔木兹海峡仍处于关闭状态，投资者就会担忧“通胀以及央行将采取类似2022年式的应对措施”。2022年俄乌冲突引发的石油冲击，助推了疫情后的通胀飙升，最终导致美联储在2023年中期前累计加息逾五个百分点。 宏观策略师Michael Ball表示：“美债收益率曲线的下一步更可能是趋陡，由前端收益率的潜在反转引领。前端收益率此前...

“Sabah is not a commodity” to solve issues faced by other countries, a politician from the Malaysian state said on Friday. Azrul Ibrahim of Parti Gagasan Rakyat Sabah Youth said Sabah is part of a sovereign nation and its position within the federation cannot be questioned by any party. “Attempts to link Sabah to current oil and gas issues as an excuse to revive outdated claims are unwarranted and are meant to divert the internal crisis suffered by certain parties,” he said in a statement on...

The deployment of mainland China-made rail equipment and technologies by Hong Kong’s MTR Corporation can provide a “showcase” for their applications overseas, a top representative of manufacturing giant CRRC has said. Jin Guozhong, chief engineer of the CRRC Qishuyan Institute, the Chinese state-owned manufacturer’s research and development centre in Changzhou, said on Friday there was a synergy between the two rail firms that went beyond equipment deployment. The semi-privatised MTR Corp had...

A former top official of Guangdong province, widely seen as a “right-hand man” of former provincial governor Ma Xingrui, is under investigation for corruption. The investigation into Guo Yonghang, Communist Party secretary for Guangzhou from June 2023 until December, deepens the uncertainties about the fate of Ma, who was abruptly removed as Xinjiang’s party secretary in July and has since vanished from public life. Guo was named vice-chairman of the Guangdong provincial committee of the Chinese...

參與美國載人繞月飛行任務的四名太空人抵達佛羅里達州甘迺迪太空中心作最後部署，有望最快下周三出發，履行美國已終止53年的載人探月任務。 美國「阿提密斯二號」載人繞月飛行任務經過一波三折，籌備工作進入尾聲。四名太空人，包括來自美國太空總署的懷斯曼、格洛弗及科克，以及加拿大航天局的漢森，周五到佛羅里達州甘迺迪太空中心作最後部署。爭取最早在美國東岸時間四月一日下午6時24分、即本港時間下周四早上6時24分，乘獵戶座太空船，由火箭搭載發射升空，展開歷時10天的繞月飛行。 阿提密斯二號任務專家科克表示︰「我們將在月球表面4,000至6,000英里上空繞行，遠超於大部分阿波羅任務。我們有機會用肉眼看到月球遠方，以往從未有人這樣看過。」 自1972年，「阿波羅17號」完成登月任務，返回地球後美國未有執行載人繞月及登月計劃，直至逾半個世紀後才重啟。根據原有安排，在載人繞月飛行任務之後，美國將於明年執行載人登月任務，但因任務測試中出現問題，例如流向火箭過渡型低溫推進級的氦氣中斷等，登月任務順延至2028年展開。美國太空總署亦會調整月球探索戰略，暫停「阿提密斯」計劃，現有核心架構項目轉而分三階段推進月球基地建設。 而被視為主要競爭對手之一的中國，目標是2030年前，實現中國人首次登陸月球。

A Chinese man who became trapped while taking part in a viral “zip tie escape challenge” at home called for help and was rescued by a passing delivery man. The case involving the man from Guangzhou in southern China’s Guangdong province was recently reported by the local fire department to raise public awareness. A delivery man passing by the man’s rented home heard him calling for help and notified the police. Firefighters arrived, prised open the gate and discovered the man tied up tightly on...

Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here . This week, John Boudreau gets the details on obstacles confronting travelers because of the war in Iran, Manila Bureau Chief Manolo Serapio Jr. explains the significance of our interview with Philippine President Ferdinand Marcos Jr. and Nurin Sofia discovers The Velvet Cut for steak lovers. Grounded by War Stranded passengers , sudden flight cancellations and soaring fares are making air travel frustrating, particularly for those flying between Asia and Europe. The travel chaos triggered by the Iran war is of particular concern for Singaporeans, who really can’t go anywhere except Malaysia and a few islands nearby without boarding a plane. With thousands already dead from the conflict, airlines are navigating dangerous skies while trying to fulfill passenger needs. Some Gulf carriers known for their gold standard in customer service have left passengers high and dry, K. Oanh Ha , our senior global business reporter, told me after talking with abandoned and angry travelers the past week. The carriers cancel flights suddenly, provide no communication and even kick those with tickets off overbooked planes without providing alternatives. One disgruntled US traveler told Oanh he was bumped off his return flight to Oslo, Norway, from Bangkok. Friends and family around the globe helped him find his way back via six separate flights — including transiting through Portland, Oregon — over four days. Oanh said she’ll avoid airports in the Middle East, where numerous flights have been canceled because of the war. She’s also telling friends and family to be ready to pay even more for direct flights to Europe from Asia to avoid disruptions in transit. Don’t count on travel insurance , which isn’t likely to cover losses caused by war. Watch Oanh explain the travel situation in this video . While Singaporeans may be feeling exposed, they have an advantage over other...

Part-time trainer Hu Yutao leads two students in exercise on March 11 in Kunming, Southwest China’s Yunnan province. Photo: Zhang Ruixue/Caixin On the first weekend after winter break, Li Chengcheng walked into an upscale residential compound in Kunming draped in colorful plastic hoops, carrying a bundle of fitness equipment in each hand and a rolled-up yoga mat tucked under his arm. He is a door-to-door personal trainer, and his job is akin to delivering “sports takeout” — arriving downstairs right on time to provide athletic instruction for children.

【社會+】近年本港有年輕人，夜間參加「酒精路跑」，即是根據預先劃定的路線步行，每經過一間賣酒的商店，就要買一瓶酒來喝，直至走到預定終點。有心理學家指，這種移動式聚會，不但令年輕人有共同冒險的感覺，亦可能反映對日常規律生活的反叛。 ▍ 除了「蒲吧」 也能 「蒲便利店」 網上社交平台群組「交友大學」，專為年輕人提供團體活動和新奇體驗。其中一個活動就是「酒精路跑」。雖然有個「跑」字，但參加者不需要跑步，只需要「行街」。活動搞手會事先劃定活動範圍，多數定在中上環或尖沙咀，把沿途5至6個便利店，設定為會短暫停留的地點，參加者每到一個點，就會買酒喝和玩遊戲。每次活動約1.5至2小時。 「交友大學」負責人Keon形容，酒精路跑是流動的派對，參加者未必認識彼此，不知道自己會遇到甚麼人，也不會預先知道要玩甚麼遊戲，有隨機感和新鮮感，像開盲盒一樣。 他們第一次舉辦酒精路跑，是在2024年12月。Keon指這種活動在台灣較流行，而去年3至4月開始，香港也多了人參與。他認為相比傳統「落老蘭」，部分「Z世代」可能更喜歡酒精路跑的形式，因為不用局限於一、兩間酒吧，可以試多些不同種類的酒。有些年輕人甚至會把不同的酒溝在一起喝，而且越年輕的，溝出來的酒濃度越高。 他亦指，酒精路跑給予人「不需顧及社會身份」的感覺。例如參加者可能是公務員，要跟從一定規矩行事，但下班後，在街燈下喝酒的他，無需再理會別人的目光。 為了令大家最後能平安回家，Keon指搞手們會全程留意參加者會否醉得太厲害，提醒他們量力而為，以及在陌生人面前保護好自己。 ▍ 酒精路跑帶來心理滿足 除了便利店，酒精路跑有時都指「一間接一間地光顧酒吧」，類似外國「串吧」文化 。而便利店版本，就像「串吧」的進化版。為何部分年輕人，不再滿足於只在酒吧喝酒，而渴望邊走邊飲呢？我們訪問了香港心理學會註冊心理學家及副院士馬嘉言博士，他總結了以下幾個原因。 1）共同冒險的快感： 相比傳統喝酒，酒精路跑多了冒險元素。除非步行路線是參加者很熟悉的地段，否則他們不會知道下一間便利店在哪裡，也不知道那裡有甚麼東西可以買，像在探索未知。 參加者有時會自行調酒，例如把酒和雪糕倒在一起，或把幾款酒混在一起喝。有些人天生渴望這種刺激，心理學上叫「感覺尋求」，喜歡「踩界」，享受腎上腺素提升的快感。 2）逃脫常規 加強自主性： 夜深人靜時，於街頭自由穿梭、喝酒，就像是對日常上學...

NVS/iStock via Getty Images By Jennifer Nash Driven by a volatile mix of escalating gas prices and financial market instability, consumer sentiment plunged nearly 6% in March to its lowest level since late 2025. The Michigan Consumer Sentiment Index fell 3.7 points to 53.3, missing the 55.5 forecast and snapping a four-month streak of gains as consumers grapple with the fallout from the ongoing conflict in Iran. This sharp decline places current sentiment in the bottom 1st percentile of the series' history. The Michigan Consumer Sentiment Index is a monthly survey of consumer confidence levels in the U.S. with regard to the economy, personal finances, business conditions, and buying conditions, conducted by the University of Michigan. There are two reports released each month: a preliminary report released mid-month and a final report released at the end of the month. Joanne Hsu, the director of surveys, made the following comments : Consumer sentiment fell back 6% this month to its lowest level since December 2025. Declines were seen across age and political party. Consumers with middle and higher incomes and stock wealth, buffeted by both escalating gas prices and volatile financial markets in the wake of the Iran conflict, exhibited particularly large drops in sentiment. Overall, the short-run economic outlook plunged 14%, and year-ahead expected personal finances sank 10%, while declines in long-run expectations were more subdued. These patterns suggest that, at this time, consumers may not expect recent negative developments to persist far into the future. These views are subject to change, however, if the Iran conflict becomes protracted or if higher energy prices pass through to overall inflation. Interviews for this release were collected between February 17 and March 23, with about two-thirds completed after the start of the US military conflict in Iran. A Historical Perspective on Recession Risk The chart below provides a long-term perspective on this wide...

Carnival (NYSE: CCL) shares were heading lower on Friday, even though the world's largest cruise operator beat estimates in its fiscal first-quarter earnings report. In the last quarter before the war in Iran roiled the global travel market, Carnival reported revenue of $6.17 billion, up 6.1% from the quarter a year ago and ahead of estimates of $6.14 billion. Management noted record net yields, or revenue per passenger cruise day, and strong close-in demand, or bookings made shortly before departure, showing strong demand to start the fiscal year. Continue reading

Americans Are Becoming More And More Interested In Buying Chinese EVs As electric vehicle (EV) adoption grows in the United States, a segment of American consumers is increasingly drawn to Chinese-made models—largely due to their affordability, advanced technology, and feature-rich designs. However, steep trade barriers and political resistance continue to keep these vehicles out of the U.S. market, according to Reuters . With the average price of a new car in the U.S. մոտ $50,000, Chinese EVs—many of which sell for under $30,000 in international markets—are gaining attention for offering strong value. Models from automakers such as BYD, Geely, and Zeekr often include premium interiors, advanced driver-assistance systems, and unique features like in-car entertainment and mini refrigerators, typically found in higher-end vehicles. Reuters writes that industry experts note that Chinese automakers have rapidly improved both quality and innovation. China has recently surpassed Japan to become the world’s largest vehicle exporter, with growing sales across Europe, Latin America, and parts of North America. Countries such as Canada and Mexico have already begun integrating Chinese EVs into their markets at lower tariff rates. In contrast, the United States has imposed tariffs exceeding 100% on Chinese vehicles, effectively blocking their entry. Policymakers cite concerns over data security, regulatory compliance, and the potential impact on domestic manufacturing jobs. Major U.S. auto industry groups have also urged continued restrictions, arguing that domestic automakers could face significant competitive pressure. Despite these barriers, consumer curiosity remains strong. Surveys indicate that nearly half of prospective U.S. car buyers view Chinese vehicles as offering high value, and a notable share support allowing them into the domestic market. At the same time, concerns persist around safety standards, data privacy, and broader economic implications. Auto dealers re...

3月28日，主流品牌足金零售价普遍下调，周大福、周大生1366元/克（跌幅3.26%），老凤祥1368元/克（跌幅2.84%），周生生、金至尊1364元/克（跌幅约2.85%-3.26%）。（新浪财经）

格隆汇3月28日｜据上海航运交易所消息，由于紧张的地缘局势仍然持续，相关航线运输市场继续受到影响，中国出口集装箱运输市场持续面临地缘局势的考验。本周多数远洋航线运价上涨，带动综合指数上升。3月27日，上海航运交易所发布的上海出口集装箱综合运价指数为1826.77点，较上期上涨7.0%。

由于紧张的地缘局势仍然持续，相关航线运输市场继续受到影响，中国出口集装箱运输市场持续面临地缘局势的考验。本周多数远洋航线运价上涨，带动综合指数上升。3月27日，上海航运交易所发布的上海出口集装箱综合运价指数为1826.77点，较上期上涨7.0%。（新浪财经）

随着公募基金2025年年报密集披露，多只绩优基金的完整持仓线路图浮出水面。多位绩优基金经理在年报中明确表示，坚定看多中国资产，将沿着产业趋势布局，挖掘优质标的。从绩优基金披露的持仓线路图来看，绩优基金经理们重点沿着产业发展趋势布局。（上海证券报）

已因大规模赎回承压的私募信贷基金正面临新痛点：2月的亏损势创逾三年来最差表现。 Blue Owl Capital和 贝莱德 旗下HPS Investment Partners两只面向零售投资者的大型基金与同业一样，当月也录得负回报。 彭博基于监管文件计算显示，非上市业务发展公司Blue Owl Credit Income Corp．在2月下跌0.86%。官网显示，规模260亿美元的HPS Corporate Lending Fund当月下跌0.3%。对这两只基金而言，这也是自2022年以来最差单月表现，与杠杆贷款市场创该年以来最大单月跌幅的趋势相吻合。 尽管2月表现相对疲弱，但这些基金今年迄今的业绩表现各异。规模350亿美元的Blue Owl基金正经历自2021年开始投资以来最糟糕的开局，亏损约0.75%。而HPS基金2026年以来仍录得0.51%的正回报，在主要同行中实属罕见。Apollo Debt Solutions今年以来也实现了上涨，涨幅0.39%。 Blue Owl、贝莱德和Apollo的代表均拒绝置评。 责任编辑：刘明亮

进入3月以来，广州楼市的“小阳春”不期而至，一、二手房市场同步走出升温曲线。近日，上海证券报记者探访广州楼市发现：多个千万级豪宅项目成交回暖，成为新房市场复苏的“领头羊”；部分配套完善的次新二手盘成交量回升，甚至有部分业主顺势上调挂牌价。受访人士认为，此轮广州楼市“小阳春”行情的结构性特征明显，小户型成交仍是主力，且以总价100万元至200万元的刚需客为主。展望后市，随着后续新房供应的持续入市，本轮行情有望持续。（上海证券报）

中东紧张局势持续升级再度“带崩”美股市场。当地时间周五，美股三大指数大幅下挫，道指跌1.73%，报45166.64点；纳指跌2.15%，报20948.36点；标普500指数跌1.67%，报6368.85点。本周，道指累跌0.90%，纳指累跌3.23%，标普500指数累跌2.12%，三大指数周线均五连跌。 与此同时，国际油价则再度被“带飞”。截至收盘，WTI原油期货收涨逾7%，报101.18美元/桶；布伦特原油期货收涨逾4%，报106.29美元/桶。有分析认为，过去四周霍尔木兹海峡石油运输中断将对全球供应造成“连锁”冲击，大部分地区将在4月集中承压，而持续高涨的油价则加剧了美股市场大跌的风险。 国际局势方面，据新华社消息， 伊朗伊斯兰议会议长卡利巴夫27日在社交媒体上说，美国方面为抑制油价而散布大量假消息，以致市场已对此麻木，“再也无人买账”。 美股市场全线下挫 当地时间周五，美股三大指数收跌。截至收盘，道指跌793.47点，跌幅1.73%，报45166.64点；纳指跌459.72点，跌幅2.15%，报20948.36点；标普500指数跌108.31点，跌幅1.67%，报6368.85点。本周，道指累跌0.90%，纳指累跌3.23%，标普500指数累跌2.12%，三大指数周线均五连跌。 大型科技股普跌，Meta、亚马逊跌近4%，特斯拉、谷歌、微软跌超2%，苹果跌超1%，奈飞微涨。芯片股表现分化，存储概念股反弹，闪迪涨超2%，西部数据、美光科技、希捷科技小幅上涨；ARM跌近7%，高通、博通、英特尔、英伟达跌超2%。 油气、黄金股普涨，哈里伯顿涨超4%，美国能源涨近2%，西方石油涨超1%；金田、AngloGold Ashanti涨超4%，哈莫尼黄金涨近3%。 加密货币概念股普跌，Coinbase跌逾7%，Circle跌超4%，MARA Holdings跌超6%，Strategy跌逾5%。 银行、航运、量子计算、无人机概念股全线下跌，花旗银行跌超4%，摩根大通跌超3%，摩根士丹利跌近3%，美国银行、高盛、富国银行跌超2%。挪威邮轮、捷蓝航空跌超6%，西南航空跌超5%，联合航空跌超4%。昆腾跌超10%，IonQ跌超7%。Vertical Aerospace跌超13%，Unusual Machines跌逾12%。 热门中概股多数下跌，纳斯达克中国金龙指数跌1.90%，文远知行跌...

The landmark decision in an LA court may go beyond immediate impacts on defendants Meta and YouTube.

Key PointsThe chair of Stoke Therapeutics disclosed selling 4,355 shares for roughly $174,000 at around $40.00 per share on March 10, 2026.

【本文系数据通用户提前专享】汽车行业竞争转向“技术升级” 2026年3月23日，江苏连云港，东方港务分公司码头泊位装载出口车辆。近5000辆国产汽车由大型汽车滚装船运往英国。图：王春/视觉中国

【本文系数据通用户提前专享】在新一轮人工智能浪潮中变成“后来者”的腾讯，欲在智能体时代找回竞争优势 2026年3月21日，深圳，腾讯轻量云OpenClaw云上部署公益活动深圳龙岗站现场。图：视觉中国

中信证券研报指出，在滞胀的环境之下，一旦利率阶段性走高，房地产市场的调整不可避免。房地产市场大繁荣，从根本上还是要依托于经济复苏和利率下行，在美国要等到80年代才出现。滞胀并不会改变都市圈演变趋势。和股票市场相比，房地产市场在滞胀出现之后波动可能更小，但未必能够跑赢股票市场，也未必能够实现保值增值。（新浪财经）

A number of stocks fell in the afternoon session after China initiated a trade barrier investigation against the United States, escalating trade tensions. China's Ministry of Commerce announced it would begin two probes into U.S. trade practices, alleging they have disrupted global supply chains.

Qualcomm Incorporated (QCOM) is attracting investor attention: Here is what you should know msn.com

【本文系数据通用户提前专享】中间人努力促谈，特朗普迫不及待，意在平抑能源和资本市场波动 2026年3月25日，伊朗德黑兰，一名伊朗女性在手机上阅读电子版报刊，伊朗报纸刊登将美国总统特朗普描绘成匹诺曹的漫画，讽刺其在结束战争外交谈判中的“谎言”。

Energy Holding Corp, a 10% owner of Tecnoglass (NYSE:TGLS) , reported the purchase of 306,666 shares of Common Stock in multiple open-market transactions from March 9, 2026 through March 11, 2026, as disclosed in a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($42.84); post-transaction value based on March 11, 2026 market close ($44.76). * 1-year performance is calculated using March 11, 2026 as the reference date. Continue reading