chachamal/iStock via Getty Images Asian stocks turned mixed-to-higher on Friday, after a bruising week of geopolitical turmoil. Despite the intraday stabilization, the region remains on track for sharp weekly losses as escalating strife in the Middle East continues to fuel energy price volatility. Meanwhile, the US-Israeli conflict with Iran entered its seventh day, with Iran launching missiles an...
chachamal/iStock via Getty Images Asian stocks turned mixed-to-higher on Friday, after a bruising week of geopolitical turmoil. Despite the intraday stabilization, the region remains on track for sharp weekly losses as escalating strife in the Middle East continues to fuel energy price volatility. Meanwhile, the US-Israeli conflict with Iran entered its seventh day, with Iran launching missiles and drones across the Gulf and striking an oil refinery in Bahrain. While Israel continued airstrikes on Tehran, the US suspended operations at its embassy in Kuwait. The Trump administration is weighing measures to counter surging oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said Thursday. WTI crude futures fell more than 1% to around $79.6 per barrel on Friday, paring gains from the previous session. Gold rose to around $5,130 per ounce on Friday but remained on track for its first weekly decline in five weeks. South Korea's KOSPI index ( KOSPI ) fell more than 2% to around 5,450 on Friday, retreating after a sharp rebound in the previous session as rising oil prices and weaker global risk sentiment weighed on the market. The South Korean won strengthened to around 1,474 per dollar on Friday, gaining traction after stabilizing for two consecutive sessions as the government moved to reassure global investors. Japan ( NKY:IND ) rose 0.48% to around 55,000, while the broader Topix Index slipped 0.4% to 3,688 on Friday, leaving both benchmarks on track to drop more than 6% for the week. The Japanese yen traded around 157.5 per dollar on Friday, on track for its third consecutive weekly decline. Japan’s foreign reserves climbed $15.95 billion to $1.41 trillion in February 2026, marking the highest level since December 2021. China ( SHCOMP ) rose 0.28% to above 4,110, while the Shenzhen Component gained 0.4% to 14,140 on Friday, extending gains from the previous session as investors digested China’s latest economic outlook, and the offshore yuan ro...
The Indian government’s delays in formalizing changes to listing rules are threatening to force Asia’s richest person, Mukesh Ambani , to miss the targeted timeline for an initial public offering of shares in Jio Platforms Ltd. , the digital arm of his flagship company Reliance Industries Ltd. Reliance is waiting for the government to formalize the changes backed by the regulator to appoint banker...
The Indian government’s delays in formalizing changes to listing rules are threatening to force Asia’s richest person, Mukesh Ambani , to miss the targeted timeline for an initial public offering of shares in Jio Platforms Ltd. , the digital arm of his flagship company Reliance Industries Ltd. Reliance is waiting for the government to formalize the changes backed by the regulator to appoint bankers formally and file a draft IPO prospectus, according to people familiar with the matter who asked not to be identified because the discussions are private. The company is now aiming to file the draft prospectus before April, depending on the government notification, they said. Jio, which owns India’s largest wireless operator, is one of the crown jewels of Ambani’s empire and its IPO — the first listing of a major Reliance unit in almost 20 years — could be the country’s biggest ever. Investment bankers have proposed a valuation of as much as $170 billion for the company, which would offer a rare opportunity for investors to buy into one of world’s biggest growth stories of the past decade. Ambani said in August that Reliance was aiming to list Jio in the first half of 2026, a plan he had first signaled 2019 — back then with a five-year timeline. A top-end valuation could raise about $4.3 billion by selling the minimum stake and would place the company among the biggest companies in India by market value. Meta Platforms Inc. and Alphabet Inc. announced investments totaling more than $10 billion in Jio in 2020. Read more: Ambani Targets Reliance Jio’s IPO by June Ending Years of Wait Deliberations are ongoing and details of the offering, including timing and size, may change, the people said. Reliance Industries declined to immediately comment. Representatives for the finance ministry didn’t immediately respond to requests for comment. The Securities and Exchange Board of India in September approved amendments to its regulations, allowing companies with a post-issue market ...
格隆汇3月6日｜格隆汇研究院今日发布哔哩哔哩(BILI.US / 9626.HK)更新报告《Solid Ad Growth Amid Higher AI Investments, and Monitoring on Future Gaming Pipelines》。公司于2026年3月5日美股盘前公布2025财年第四季度业绩。报告期内，公司实现收入83.2亿元人民币(市场一致预期：81.9亿元)，...
格隆汇3月6日｜格隆汇研究院今日发布哔哩哔哩(BILI.US / 9626.HK)更新报告《Solid Ad Growth Amid Higher AI Investments, and Monitoring on Future Gaming Pipelines》。公司于2026年3月5日美股盘前公布2025财年第四季度业绩。报告期内，公司实现收入83.2亿元人民币(市场一致预期：81.9亿元)，同比增长13%，略超市场预期。其中，广告业务表现亮眼，收入达30.4亿元，成为本季度收入增长的核心驱动力。季度非GAAP归母净利润为8.8亿元(市场一致预期：8.2亿元)，同比增长94%；非GAAP净利率提升至10.5%，进一步验证公司规模效应持续释放。用户方面，日活跃用户(DAU)达1.12亿，平均每日使用时长108分钟；月付费用户3400万，平均用户年龄26岁，显示出平台较强的社区粘性与消费潜力。 广告业务的强劲增长主要受益于用户参与度提升与变现效率优化。以高质量内容和社区互动为核心的生态飞轮持续强化，一方面满足用户内容消费升级需求，另一方面不断培育新兴内容创作者，带动DAU及用户停留时长持续提升。同时，公司持续吸引来自游戏、3C/家电及互联网服务(包括AI相关企业)的广告预算。管理层表示，过去2–3年公司推荐与广告算法能力已提升至行业中高水平，未来仍有进一步优化空间。随着核心用户群体进入购买力快速提升、消费结构多元化阶段，平台商业化价值正持续提升。 游戏业务方面，收入下滑趋势有所缓解，复苏迹象逐步显现。2025年第四季度递延收入达47亿元，同比增长23%，在行业淡季中表现稳健。公司认为，贴近年轻玩家群体及持续的内容研发能力是其长期竞争优势。目前公司计划于2026年年中推出新游戏《三国：百将牌》(较此前计划延迟约一个季度)，并在2026年内全球上线《闪耀吧！噜咪》。同时，长线运营游戏《Fate/Grand Order》(FGO)与《碧蓝航线》保持稳定表现，持续贡献稳健收入。2025年10月上线的新作《逃离鸭科夫》前三周销量突破300万份，成为当年国内单机游戏销量冠军，并已跻身历史销量前三。 报告中英全文可从格隆汇官网及App、彭博终端、S&P Capital IQ、LSEG Refinitiv、FactSet、Morningstar、AlphaSense等渠道获取。
bagi1998 Canadian miner Teck Resources ( TECK ) has reportedly agreed with Korea Zinc Co. to sell its zinc concentrates at a slightly higher processing fee in 2026, while charging more on silver and germanium after a surge in prices for both metals. The treatment charge that Korea Zinc will receive for smelting semi-processed ores known as concentrates rose to $85 a ton this year, Bloomberg News r...
bagi1998 Canadian miner Teck Resources ( TECK ) has reportedly agreed with Korea Zinc Co. to sell its zinc concentrates at a slightly higher processing fee in 2026, while charging more on silver and germanium after a surge in prices for both metals. The treatment charge that Korea Zinc will receive for smelting semi-processed ores known as concentrates rose to $85 a ton this year, Bloomberg News reported , citing people familiar with the matter. Teck is one of the world's largest integrated germanium producers, a critical metal used in chipmaking. Zinc futures ( LMZSDS03:COM ) are up 4.3% so far this year, while spot silver ( XAGUSD:CUR ) has advanced 18%. More on Teck Resources Limited Teck Resources Limited (TECK.B:CA) Presents at 35th BMO Global Metals, Mining & Critical Minerals Conference - Slideshow Teck Resources Limited (TECK.B:CA) Q4 2025 Earnings Call Transcript Teck Resources Limited 2025 Q4 - Results - Earnings Call Presentation Teck Resources Non-GAAP EPS of C$1.37, revenue of C$3.06B; provides FY26 outlook Anglo, Teck shareholders approve merger to create $50B mining giant
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Ship traffic in the Strait of Hormuz has ground to a near-complete halt as the Middle East conflict disrupts the key global artery for commodities from oil to fertilizers. A recent reviews of shipping signals in the waterway “indicates transits have reduced to single-digit levels, with only two confirmed commercial transit observed in the past 24 hours,” the Joint Maritime Information Center said ...
Ship traffic in the Strait of Hormuz has ground to a near-complete halt as the Middle East conflict disrupts the key global artery for commodities from oil to fertilizers. A recent reviews of shipping signals in the waterway “indicates transits have reduced to single-digit levels, with only two confirmed commercial transit observed in the past 24 hours,” the Joint Maritime Information Center said in a March 6 note . The crossings involved cargo ships rather than oil vessels, according to the multinational naval advisory group focusing on the Middle East. The escalating war in the region has prompted dozens of fully laden oil and gas tankers to stay hunkered down within the Persian Gulf. The frequency of attacks on ships in and around the strait remains high, making it too risky for energy tankers and their multimillion-dollar cargoes to attempt a transit. Washington offered insurance backstops and naval escorts this week, after international insurers began pulling back on war-risk coverage, but shipowners haven’t yet been assured . “This represents a near-total temporary pause in routine commercial traffic,” the JMIC said. Just one inbound and one outbound vessel were seen transiting the strait on March 4. The tally reflects ships with their transponders turned on, and doesn’t fully capture any transit done without signals. Two vessels, MSC Grace and Sonangol Namibe, were reportedly involved in incidents in the Arabian Gulf and near Iraq. Separately, bulk carrier Iron Maiden exited the Strait signaling “CHINA OWNER” as it made a break through the waterway, an example of how vessels are trying to ensure safe passage. Earlier, another ship — LPG tanker Bogazici — broadcast that it was a Muslim-owned and Turkish-operated vessel.
MoMo Productions/DigitalVision via Getty Images Pension funds across the US and Europe significantly raised their awarded mandates, or actual allocation, to venture capital in 2025. In the US, pension funds issued a total venture capital mandate of $9.25 billion, the highest since 2022 and a 39% increase from $6.66 billion in 2024, according to data from With Intelligence. As of Jan. 19, the colle...
The Philippines is looking at ways to save on energy as tensions in the Middle East push global fuel costs higher, with the government suggesting people use their air conditioners less and shy away from non-essential travel. The Southeast Asian nation imports nearly all of its oil requirements and the war in Iran could spur inflation that already hit a 13-month high in February. President Ferdinan...
The Philippines is looking at ways to save on energy as tensions in the Middle East push global fuel costs higher, with the government suggesting people use their air conditioners less and shy away from non-essential travel. The Southeast Asian nation imports nearly all of its oil requirements and the war in Iran could spur inflation that already hit a 13-month high in February. President Ferdinand Marcos Jnr ’s administration this week ordered government offices to set their air conditioners to no lower than 24 degrees Celsius (75 Fahrenheit) and adopt flexible work arrangements to help conserve fuel. Marcos, who plans to seek emergency authority from Congress to slash taxes on petroleum products, is also entertaining the idea of a four-day work week. Advertisement Vice-President Sara Duterte , meanwhile, has urged her supporters to refrain from organising motorcades or vehicle caravans when they protest against her political rival, Marcos. The mayor of Manila directed the city government to cut fuel consumption by shifting meetings online, switching power off by 5pm and banning non-essential travel. The Philippines is widely seen by economists as one of the most vulnerable nations in the Asia-Pacific region to inflation and growth risks spurred by the Middle East conflict. The archipelago “tends to see a stronger inflation hit because retail fuel prices are more market-driven and subsidies are limited”, Deepali Bhargava, regional head of research at ING Bank, said. 04:04 How US-Israeli strikes on Iran are sending shock waves through global energy markets How US-Israeli strikes on Iran are sending shock waves through global energy markets Some government agencies have said they will provide fuel subsidies to fisherfolk, farmers and public transport drivers. There is also an app citizens can use to lock in energy prices ahead of time.