白银兼具贵金属（850300）与工业金属（881168）属性，在贵金属（850300）板块整体承压的同时，又受到市场对全球增长与风险偏好回落的拖累，因此跌幅通常大于黄金。前期白银涨幅较快、仓位更拥挤，在宏观预期快速切换时更容易触发止盈与被动减仓，导致价格调整呈现放大效应。若黄金ETF（518680）流出、利率上行与商品普跌共振，白银会同时承受金融属性回撤与工业属性降温的双重压力，短线表现往往更弱。展望：短线白银或仍以高振幅调整为主，需等待油价、美元与美债收益率的再平衡完成；若后续市场由“再通胀担忧”逐步转向“增长放缓+宽松回归”，白银相对黄金的弹性仍有望重新体现。当前阶段宜将白银视为高波动资产，关注宏观预期切换带来的修复窗口。(中信期货)

Salesforce (CRM) is an enterprise software company and one of the world’s top Customer Relationship Management (CRM) systems. The company offers a variety of services, from helping businesses centralize and organize their sales pipelines to managing customer service operations and marketing ...

格隆汇3月20日｜据中国海事局网站消息，烟台海事局发布航行警告，3月20日12时至23日1时，黄海部分海域进行火箭发射，禁止船舶驶入。

文章提及标的 伦敦金 -- 现货黄金站上4670美元/盎司，日内涨0.45%。

美團-W將於03月26日發布業績，一圖即睇分析師最新預測 富途牛牛

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Lenovo Group (SEHK:992) has expanded its multiyear collaboration with NVIDIA, targeting new AI solutions and infrastructure for the global sports industry. The company will act as the Official Technology Partner for the FIFA World Cup 2026, providing AI powered platforms across personal, enterprise, and cloud environments. New hybrid AI offerings are being rolled out for use in areas such as sports analytics, media workflows, and event operations, including applications in Formula 1. For Lenovo, known for its PCs, servers, and infrastructure solutions, this move extends its AI capabilities into some of the most visible and time sensitive use cases in global sports. Investors looking at SEHK:992 now have more detail on how the company is positioning its AI hardware and software stack for enterprise grade deployments across different venues and broadcasters. The financial impact is not yet clear. However, the breadth of this collaboration gives Lenovo a higher profile across sports, media, and large event operations. Readers may want to monitor how Lenovo translates these AI deployments into broader adoption across other industries that also rely on real time data and mission critical uptime. Stay updated on the most important news stories for Lenovo Group by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Lenovo Group. SEHK:992 Earnings & Revenue Growth as at Mar 2026 📰 Beyond the headline: 0 risks and 4 things going right for Lenovo Group that every investor should see. Quick Assessment ✅ Price vs Analyst Target : At HK$9.37, Lenovo trades about 23% below the HK$12.24 analyst target. ✅ Simply Wall St Valuation : Shares are flagged as trading 65.6% below an estimated fair value. ✅ Recent Momentum: The 30 day return is about 0.75%, suggesting modest positive short term performance. There ...

格隆汇3月20日｜瑞士私人银行瑞联银行(UBP)预计，将对人民币兑美元升值的信心提升至最高水平，与看涨黄金的立场一致。在基本面和政策改革推动下，人民币将进入长达十年的牛市。该行将人民币列为最看好的投资标的之一，并预测人民币兑美元于今年底将升至6.7。 UBP高级经济学家Carlos Casanova表示，以购买力平价、实际有效汇率及利差等指标衡量，人民币似乎被低估10%至15%。今年以来，人民币兑美元曾触及3年高位，而自2月底伊朗战争爆发以来，人民币下跌约0.6%，但表现仍优于全球大多数货币，展现出对油价飙升的韧性。Casanova直言，短期内，避险情绪可能推高美元，中期而言，人民币将回复走强趋势。

Prime Minister of Japan Sanae Takaichi (L) meets with U.S. President Donald Trump during a bilateral meeting in the Oval Office of the White House on March 19, 2026 in Washington, DC. Alex Wong | Getty Images In an apparent awkward moment at the Oval Office on Thursday stateside, U.S. President Donald Trump referenced Pearl Harbor in his first meeting with Japan's Prime Minister Sanae Takaichi after her landslide electoral victory. When asked by a Japanese reporter on why the U.S. did not inform allies such as Japan before carrying out the attacks against Iran on Feb. 28, the U.S. president said it was to maintain the element of surprise. "Who knows better about that. Why didn't you tell me about Pearl Harbor? You believe in surprise much more so than I." Trump was referencing the surprise Japanese attack on the U.S. Pacific Fleet in 1941, which saw the deaths of over 2,400 personnel and drew the U.S. into World War II. Takaichi appeared to draw a deep breath and lean back in her seat with an uneasy expression. "Who knows better about that. Why didn't you tell me about Pearl Harbor? You believe in surprise much more so than I." Donald Trump U.S. President Trump said that the surprise attack had helped the U.S., adding that it "knocked out 50% of what we anticipated" in Iran within the first two days. During the meeting, Trump praised Japan for "stepping up" to assist in efforts to secure the Strait of Hormuz, "unlike NATO." Before the meeting, Japan, as well as Britain, France, Germany, Italy and the Netherlands had released a joint statement expressing their readiness to "contribute to appropriate efforts to ensure safe passage through the Strait." Trump had called on Japan and other countries to help secure the Strait of Hormuz, but Takaichi had reportedly said Monday that there were no plans to dispatch naval vessels to escort boats in the Middle East. Her office also said in a post on X that there was "no specific request from the United States to Japan for the ...

沙特阿拉伯认为，若能源冲击持续至4月底，油价将飙升至180美元/桶。（华尔街日报） 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

财联社3月20日讯，3月贷款市场报价利率（LPR）报价出炉：5年期以上LPR为3.5%，上月为3.5%。1年期LPR为3%，上月为3%。

智通财经获悉，华尔街股票交易员正为周五异常庞大的期权到期规模严阵以待，这有可能为一个因持续升级的中东地缘政治冲突而经历数周剧烈动荡的股票市场注入更多波动。高盛近日发布的一份研究报告显示，跨资产相关性与波动率正以极快的速度发生结构性转变，并且美国股票市场正处于“崩盘”与“轧空”并存的临界点，这也意味着2月底美国/以色列空袭伊朗引爆新一轮中东地缘政治超级风暴以来的全球股市波动可能将愈发剧烈，甚至美国股票市场有可能在周五“四巫日”出现创纪录的剧烈波动行情。 根据花旗集团可追溯至1996年的数据，周五将有大约5.7万亿美元名义价值、与美国个股、指数和交易所交易基金挂钩的期权到期——也将是历年来规模最庞大的3月到期价值，这一季度性事件长期以来被交易员们称为“四巫日”，不过现在叫“三巫日”更符合现状。该项名义期权到期数字包括4.1万亿美元的指数合约、7720亿美元的交易所交易基金合约以及8750亿美元的单一个股期权。 “四巫日”发生在三月、六月、九月和十二月的第三个星期五，以导致交易量飙升和资产价格突然之间剧烈波动而闻名，通常伴随超大规模仓位展期和旧仓平掉。这些交易日的股票交易量往往呈现飙升趋势，并且通常在上述交易日的最后一个小时内交易量最大，因为交易员可能大幅调整其投资组合。不过自2020年单一股票 期货 在美国市场正式停止交易以来，“四巫日”这一经典说法仅限于象征意义，“三巫日”(即股指期货合约、指数期权及个股期权同时到期)更符合实际交易情形。 “四巫日”这一事件通常会迫使交易员们大规模平仓、展期或重新平衡仓位，长期以来一直被认为会引发资产价格的突然间剧烈波动，因为大规模衍生品敞口会骤然消失。 中东地缘政治冲突升级之际，华尔街屏息以待“四巫日” 由于外交层面的进展仍然非常有限，围绕这场冲突走向的不确定性继续沉重压制全球金融市场。在股票市场重新恢复到相对平静时期之前，市场可能还要经历数周剧烈波动与动荡。一些期权市场交易员们押注，股市最难熬的剧烈动荡行情还将持续一周甚至一个月左右，在世界两大经济体领导人正式会晤之后，然后才会相对平静地回归常态化交易模式。 本季度的创纪录到期恰逢市场处于一个格外紧张的时刻，标普500指数更是跌破重要支撑点位。随着美国/以色列与伊朗之间的新一轮中东战争大幅推高原油价格并引发市场对全球陷入另一轮通胀乃至“滞胀”的担忧，投资者们对于美联储降息的押注正在...

Highlights Global semiconductor leader maintains strong manufacturing capabilities across markets Multiple firms adjust ratings while overall sentiment remains broadly positive Institutional activity continues reflecting steady interest in semiconductor sector The semiconductor sector plays a central role in modern technology, supporting everything from consumer electronics to advanced computing systems. Taiwan Semiconductor Manufacturing Company (NYSE:TSM) operates as a leading pure-play foundry, delivering fabrication services to a wide range of global clients. Its operations support industries such as artificial intelligence, mobile communications, automotive systems, and high-performance computing, positioning the company as a key participant in the global supply chain. Taiwan Semiconductor Manufacturing has built a reputation for advanced process technologies and consistent execution. Its fabrication capabilities span logic processes, specialty technologies, and integrated circuit production for complex applications. The company’s presence within the semiconductor ecosystem reflects its importance in enabling technological advancement across multiple industries, reinforcing its standing within the broader technology sector. Recent Rating Activity Summary Recent updates from various research firms have introduced adjustments to the company’s rating profile. Zacks Research revised its stance, contributing to a broader mix of perspectives across the market. Other firms have maintained positive views, including reaffirmations of favourable ratings from established institutions. Several organizations have continued to express confidence through strong-buy and buy classifications, while a smaller group has issued neutral stances. This distribution reflects a range of viewpoints while maintaining an overall positive sentiment toward the company’s position within the semiconductor industry. Diverse Analyst Sentiment Trends The spread of ratings across firms highlights ...

Earnings Call Insights: GrowGeneration Corp. (GRWG) Q4 2025 Management View Darren Lampert, Co-Founder, CEO & Chairperson of the Board, reported, "2025 was a defining year for GrowGen. We transformed the business, rightsizing our retail footprint, dramatically expanding proprietary brand penetration to 32.8% for the full year and delivering a 370 basis point improvement in gross margin to 26.8%." Lampert emphasized that these structural improvements led to a 58.9% year-over-year improvement in adjusted EBITDA and more than halved the GAAP net loss. He highlighted, "Importantly, looking specifically at the fourth quarter of 2025, net sales were up year-over-year...with fewer retail locations." Lampert further noted an expansion into new revenue channels including B2B and a distribution partnership with Arett Sales, as well as the acquisition of Viagrow for home gardening market entry. The CEO also announced a $10 million share repurchase program, describing it as "a compelling and responsible allocation of capital." Greg Sanders, Chief Financial Officer, stated, "GrowGeneration reported net sales of $37.8 million, up $0.4 million compared to $37.4 million during the same period last year." Sanders highlighted, "Gross margin increased to 24.1% for the fourth quarter of 2025 compared to 16.4% for the prior year period, primarily due to higher proprietary brand penetration and the absence of restructuring-related costs incurred in the prior year." Outlook The company is guiding 2026 net revenue in the range of $162 million to $168 million, with proprietary brand sales as a percentage of cultivation and gardening revenue expected to reach approximately 40% by year-end. Gross margins for 2026 are anticipated to be in the range of 27% to 29%. Management expects "approximately breakeven adjusted EBITDA for the full year 2026." The outlook assumes a softer Q1 due to seasonal factors, with profitability building through Q2 and Q3. Lampert stated, "We anticipate reaching appro...

财联社3月20日讯（编辑 潇湘） 随着美欧英日四大央行议息的结束，本轮“超级央行周”各大央行释放的鹰派基调，无疑让全球债券和利率市场陷入了震荡之中。尽管本周除澳洲联储外的几乎所有主要发达市场央行都维持利率不变，但它们普遍强调如果美国和以色列对伊朗的战争造成的能源冲击导致物价全面飙升，它们随时准备采取行动抑制通胀…… 自上月底美伊爆发开始以来，交易员们已大幅削减了对美联储今年宽松货币政策的押注，并预期其他央行将在年内加息。而在过去几天经历了各大央行的议息会议后，人们无疑加深了这一市场押注。投资者在主要央行暗示对油价飙升可能引发通胀冲击的新担忧后，纷纷押注利率可能进一步走高。 周四全球债券市场的盘中抛售由英国引领 ，当地收益率的疯狂飙升甚至让一些人联想起了2022年，当时英国前首相特拉斯的财政计划曾令市场陷入混乱。而这一次，债市的地震源于央行——在英国央行周四表示“准备好”采取行动防止通胀加速后，两年期英债收益率一度跳升40个基点，达到4.49%。 其他多个经济体的短期债券也在周四盘中纷纷遭遇了重创 ，因投资者押注欧洲各国央行将不得不加息，美联储在今年余下时间里将至少维持利率不变。这推动两年期美国国债收益率在周四盘中一度飙升18个基点至3.95%，德国2年期国债收益率也一度上涨了近15个基点。 周四，短期美债盘中的抛售幅度，甚至一度令“债王”冈拉克都颇感震惊。这位创立了双线资本的债市大佬在X平台上写道，美国两年期国债收益率在不到三周内攀升了50个基点，这一走势可能预示着美联储即将加息。 尽管此后随着油价回落，债市抛售潮有所缓解 ——有报道称以方将“遵守”特朗普所提暂停后续空袭伊朗能源设施的要求，受此提振，美国国债在当日尾盘反弹，几乎完全收复了早先跌幅。但这些剧烈波动凸显出，市场走势已在多大程度上取决于这场似乎短期内难以结束的中东战争。 惠灵顿管理公司投资组合经理Brij Khurana表示：“此前市场普遍认为这场战争会很快结束。但现在市场终于开始担心，这场战争可能会持续更长时间。” “超级央行周”彻底点燃全球加息预期 值得注意的是，近来债券市场的下跌主要集中在对货币政策变化最为敏感的短期债券上，这凸显了自上月底美国对伊朗发动战争以来，全球前景发生了多么迅速的变化。 此前，交易员在上月曾预计美联储今年将降息两次，而英国央行则有望在今日的会议上降息以支撑疲软的英国劳动力市场...

小米集團-W(01810)根據股份計劃發行26.44萬股 作者 智通財經 Investing.com 香港 - 股市報價& 財經新聞

格隆汇3月20日｜瓶片跌超7%，LU燃油跌超6%，原油、PTA、沪银跌超5%，沪金、沥青、苯乙烯跌超4%。液化气涨超4%，苹果涨超2%，纸浆、沪镍涨超1%。

2026年3月，1年期和5年期以上贷款市场报价利率（LPR）分别维持在3%和3.5%不变。 据央行消息，2026年3月贷款市场报价利率（LPR）报价出炉：1年期LPR为3%，上月为3%；5年期以上LPR为3.5%，上月为3.5%。

格隆汇3月20日｜富时中国A50指数期货高开0.01%。

文章提及标的 纽约钯 -- 伦锡 -- 钯金 -- NYMEX钯金主力合约涨超1%，现报1463.5美元/盎司。LME锡主力合约涨超1%，现报44405.0美元/吨。

文章提及标的 瓶片主力合约 -- 郑商所瓶片主力合约大跌8%，报8074元/吨。 涨跌都能赚 盈利就能离场！点击开通期货“T+0、双向交易”特权！>>>

富时中国A50指数期货在上一交易日夜盘收跌0.07%的基础上高开，现涨0.01% 2026-03-20 09:00:57 来源： 同花顺7x24快讯 分享 文章提及标的 富时A50期指 -- 富时中国A50指数期货在上一交易日夜盘收跌0.07%的基础上高开，现涨0.01%。

格隆汇3月20日｜3月贷款市场报价利率(LPR)报价出炉：1年期和5年期贷款市场报价利率(LPR)分别维持在3%和3.5%不变，与市场预期一致，为连续10个月保持不变。

昨晚的全球资本市场经历剧烈博弈。原本市场正受到全球央行集体“转鹰”以及中东战争长期化担忧的严重压制，但以色列总理内塔尼亚胡的一通讲话，直接成为了扭转市场情绪的关键转折点。 当地时间3月19日晚，内塔尼亚胡在耶路撒冷举行新闻发布会。关于中东进展，据 新华社 报道，内塔尼亚胡表示， 经过以美20天空袭，伊朗已经失去铀浓缩和弹道导弹生产能力。他表示，对伊朗军事行动有三个目标，一是消除伊朗“核威胁”，二是消除伊朗弹道导弹威胁，三是“政权更迭”。 对于后续局势，内塔尼亚胡给出了一个时间预期。他说道， “我认为这场战争结束得将比人们想象的要快得多。在战争中，你必须咬紧牙关。” 内塔尼亚胡驳斥了对伊朗发动无休止军事行动的想法，他在发布会上表示，他设定的目标是可以实现的。 能源战降温：以色列承诺“暂停”空袭伊朗能源设施 前几日伊朗最大气田——南帕尔斯气田遇袭，引发伊朗对卡塔尔等海湾能源枢纽的报复。核心能源设施遭受打击，一度直接推动布伦特原油在周四早盘突破119美元/桶。 然而局势在当晚迎来转折。 新华社 报道称，内塔尼亚胡在发布会上证实， 是以色列“单独”空袭了伊朗天然气田。但他当场承诺，将“遵守”美国总统特朗普的要求，“暂停”后续对能源设施的空袭。 特朗普当天早些时候在白宫回答媒体提问时表示，他已经告知内塔尼亚胡不要攻击伊朗境内的能源设施。特朗普此前表示对南帕尔斯气田遇袭一事“毫不知情”。 对于原油市场最关心的能源咽喉——霍尔木兹， 内塔尼亚胡称以色列正协助美国努力重新开放被封锁的霍尔木兹海峡。 与此同时， 华尔街见闻 提及，美国财政部（OFAC）发布了通用许可证，放宽了对部分俄罗斯原油的交付与销售限制，这进一步平息了原油供给端的焦虑。 市场迅速定价：原油高位跳水，美股尾盘企稳 内塔尼亚胡的表态叠加美国放宽原油供给的政策，直接抽离了原油市场的“风险溢价”。 WTI原油盘中一度突破100美元/桶，但在表态后迅速跳水，较日高跌超8%。布伦特原油在美股尾盘转跌逾3%。 中东核心产区的阿曼和迪拜油价同样暴跌，其中迪拜油价盘中曾因极度恐慌触及每桶177美元的历史新高，随后大幅回落。 油价的急速回落犹如给风险资产松绑。两年期美债收益率从3.96%的高点降温，最终基本持平于3.784%。三大美股指在收盘前最后一小时收复了大部分跌幅，最终道指仅跌0.44%，罗素小盘股指甚至逆势跑赢大盘收涨0.6...

文章提及标的 对二甲苯主力合约 -- PTA主力合约 -- 郑商所对二甲苯主力合约大跌6%，报9504元/吨。PTA主力合约大跌5%，报6604元/吨。

(RTTNews) - The China stock market headed south again on Thursday, one day after ending the four-day losing streak in which it had dropped almost 85 points or 2.1 percent. The Shanghai Composite Index now sits just above the 4,000-point plateau and it's expected to open in the red again on Friday. The global forecast for the Asian markets is weak on concerns over the Middle East conflict, although easing oil prices may limit the downside. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion. The SCI finished sharply lower on Thursday following losses from the property stocks and energy companies, although the financial shares offered support. For the day, the index dropped 56.43 points or 1.39 percent to finish at 4,006.55 after trading between 3,994.17 and 4,042.02. The Shenzhen Composite Index tumbled 60.93 points or 2.27 percent to end at 2,619.95. Among the actives, Industrial and Commercial Bank of China jumped 1.89 percent, while Bank of China collected 0.55 percent, Agricultural Bank of China vaulted 1.34 percent. China Merchants Bank shed 0.38 percent. Bank of Communications dipped 0.14 percent, China Life Insurance retreated 1.60 percent, Jiangxi Copper plunged 5.37 percent, Aluminum Corp of China (Chalco) plummeted 6.41 percent, Yankuang Energy rallied 3.66 percent, PetroChina soared 5.23 percent, China Petroleum and Chemical (Sinopec) vaulted 2.61 percent, Huaneng Power eased 0.13 percent, China Shenhua Energy jumped 4.19 percent, Gemdale tanked 1.95 percent, Poly Developments surrendered 1.89 percent and China Vanke stumbled 2.81 percent. The lead from Wall Street is soft as the major averages opened sharply lower on Thursday and stayed that way for most of the session, although a late rally pared the damage to mild by the day's end. The Dow dropped 203.72 points or 0.44 percent to finish at 46,021.43, while the NASDAQ sank 61.73 points or 0.28 percent to close at 22,090.69 and the S&P 500 fell 18.21 point...

中国央行将一年期和五年期贷款市场报价利率(LPR)分别维持在3%和3.5%不变，为连续十个月保持不变。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

美團-W將於03月26日發布業績，一圖即睇分析師最新預測 富途牛牛

3月19日380股获融资买入超亿元 新易盛获买入33.70亿元居首 2026-03-20 09:00:17 来源： 同花顺7x24快讯 分享 文章提及标的 中际旭创 -- 新易盛 -- 华工科技 -- 3月19日共有3487只个股获融资资金买入，有380股买入金额超亿元。其中，新易盛（300502）、中际旭创（300308）、华工科技（000988）融资买入金额排名前三，分别获买入33.70亿元、24.77亿元、19.38亿元。

Astera Labs, Inc. (NASDAQ:ALAB - Get Free Report) CEO Jitendra Mohan sold 157,500 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $131.58, for a total transaction of $20,723,850.00. Following the transaction, the chief executive officer directly owned 4,531,732 shares of the company's stock, valued at $596,285,296.56. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Jitendra Mohan also recently made the following trade(s): On Tuesday, February 17th, Jitendra Mohan sold 94,971 shares of Astera Labs stock. The stock was sold at an average price of $123.81, for a total value of $11,758,359.51. Get Astera Labs alerts: Sign Up Astera Labs Trading Down 0.2% Shares of ALAB traded down $0.26 during mid-day trading on Thursday, hitting $126.08. The company's stock had a trading volume of 4,151,528 shares, compared to its average volume of 4,535,431. The firm has a 50-day simple moving average of $145.64 and a 200 day simple moving average of $166.93. Astera Labs, Inc. has a 1-year low of $47.13 and a 1-year high of $262.90. The firm has a market capitalization of $21.46 billion, a P/E ratio of 116.98, a P/E/G ratio of 2.49 and a beta of 1.74. Astera Labs (NASDAQ:ALAB - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. The firm had revenue of $270.58 million during the quarter, compared to analysts' expectations of $249.46 million. Astera Labs had a return on equity of 16.12% and a net margin of 25.70%.Astera Labs's revenue was up 91.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EP...

China has followed last year’s secretive high-orbit satellite-to-satellite refuelling test with another in-orbit servicing mission that is aimed at advancing docking and refuelling technologies, while also testing ways to speed up the disposal of satellites at the end of their usefulness. Hukeda-2, which lifted off from the Jiuquan Satellite Launch Centre in the Gobi Desert on Monday, is China’s first commercial test satellite equipped with a flexible robotic arm to capture other spacecraft , the state-owned Science and Technology Daily said. “Unlike the rigid robotic arms commonly used on space stations, this one is designed more like an elephant’s trunk or an octopus tentacle. It can bend smoothly along its length, making it more flexible and better able to adapt as it approaches a target.” Hukeda-2 lifts off from the Jiuquan Satellite Launch Centre in the Gobi Desert on Monday. Photo: Handout The satellite, jointly developed by Hunan University of Science and Technology and Suzhou Sanyuan Aerospace Technology, will run a series of simulated refuelling tests, validating the full process from approach and identification to docking and mock transfer. Advertisement According to the report, Hukeda-2 will also test a potential solution for Earth’s increasingly crowded orbits, with a device on board that can inflate into an ultralight sphere with a diameter of about 2.5 metres (8 feet). By dramatically increasing atmospheric drag, researchers hope satellites that otherwise would take decades to fall back and burn up will be able to re-enter the Earth’s atmosphere within a year, it said. Advertisement With growing numbers of megaconstellations, like SpaceX’s Starlink, such technologies are set to play a key role in extending satellite lifespans, managing orbital space more efficiently and lowering the cost of operating in space, the report noted. According to Cheng Lei, head of research and development at Sanyuan Aerospace, in-orbit refuelling technology “could transform...