格隆汇3月25日｜阿联酋官方数据显示，其防空系统24日拦截了从伊朗发射的5枚弹道导弹和17架无人机。阿联酋国防部说，自2月28日以来，该国防空系统已累计拦截357枚弹道导弹、15枚巡航导弹和1806架无人机。

上期所欧线集运主力合约暴跌10%，报1726点。

格隆汇3月25日｜沪银涨超9%，铂、钯涨超7%，碳酸锂涨超5%，沪金涨超4%，沪锡、多晶硅涨超3%，沪铜、国际铜、铝合金涨超1%，沪铝、沪镍涨近1%。

上期所沪银主力合约暴涨9%，报18466元/千克。上期所沪金主力合约大涨超4%。

格隆汇3月25日｜美国散户投资者——过去数年间美股最可靠的逢低买入力量——正在发出令市场警惕的信号。据彭博援引Vanda Research数据，散户投资者于本周一录得自2023年11月以来首个单日净卖出，合计抛售约2060万美元的个股。 同时，衡量散户风险偏好的Citadel Securities指标已从2月高点大幅回落，显示个人投资者对股市前景的信心正在动摇。尽管周二散户重返买方，但这一信号出现的时机颇为敏感——标普500指数本月已累计下跌近5%。散户买盘的降温，令市场多了一层隐忧。在过去三年的牛市中，散户的购买力在每一轮波动中都发挥了稳定市场的作用。如今这一力量开始松动，对本已承压的美国股市而言，影响不容小觑。

格隆汇3月25日｜亚马逊宣布收购初创公司Fauna Robotics，后者正在开发一款名为Sprout的人形机器人。据悉，该人形机器人的身高42吋(约107公分)，拥有手臂和腿，可以与人互动、行走、抓取物品和跳舞。

格隆汇3月25日｜美国总统特朗普周二表示，美国通过谈判结束与伊朗战争的努力取得进展，包括从伊朗方面争取到了一项重要让步。与此同时，《纽约时报》等多家媒体称，华盛顿已提交了一份15点和解提案。目前各家媒体都未透露具体细节，但大致聚焦在伊朗导弹与核计划、霍尔木兹海峡航线等问题方面。 特朗普在白宫对记者表示，美国正与伊朗的“合适的人士”进行对话，以达成结束敌对行动的协议，并补充说伊朗方面非常渴望达成协议。伊朗方面则否认进行过直接对话。 目前美、以、伊三方的军事打击仍在持续，消息人士称华盛顿正准备向该地区增派更多部队。

格隆汇3月25日｜截至2026年03月24日，全球最大的黄金ETF SPDR Gold Trust持仓量为1052.99吨，较前一个交易日增加0.29吨。

上期所燃油主力合约暴跌10%，报4170元/吨。

格隆汇3月25日｜据财政部消息，2026年3月22日，财政部部长蓝佛安会见了来华出席中国发展高层论坛的世界银行运营常务副行长安娜·比耶德，重点就中国与世行合作交换了意见。财政部副部长廖岷参加会见。

上期所欧线集运主力合约大跌8%，报1762.9点。

2026年3月22日，财政部部长蓝佛安会见了来华出席中国发展高层论坛的世界银行运营常务副行长安娜·比耶德，重点就中国与世行合作交换了意见。财政部副部长廖岷参加会见。(财政部)

格隆汇3月25日｜现货铂金上涨逾3%，至2000.65美元/盎司。

格隆汇3月25日｜据半岛电视台，以色列中部响起警报，警告来自伊朗的导弹。

阿里发布新型CPU ，性能刷新纪录 在AI的世界里，Token是模型处理信息的最小计量单位，无论是用户的提问，还是AI生成的一段代码，最终都要被拆解成Token来完成运算。图：视觉中国 中国驻日使馆：日本不法之徒强闯我馆、威胁杀人，再度表明自卫队扩军失管必须引起高度警惕 据中国驻日本大使馆，3月24日上午，一名自称日本自卫队人员翻墙强行闯入我馆，威胁以所谓神的名义杀死中国外交人员。

格隆汇3月25日｜能源化工商品期货主力合约波动剧烈，早盘全线下跌，液化石油气（LPG）跌超11%，乙二醇、燃料油、低硫燃料油（LU）跌超9%，PX、丙烯、聚丙烯、塑料、甲醇、SC原油、PTA、纯苯、集运指数（欧线）跌超7%，苯乙烯、PVC、瓶片、短纤跌超6%。

Klaus Vedfelt/DigitalVision via Getty Images Overview When I previously covered Sixth Street Specialty Lending ( TSLX ), I issued a hold rating at the time due to the potential recovery within the debt markets. Unfortunately, the small cuts to interest rates were not enough of a catalyst to provide relief across the BDC sector, and conditions have continued to deteriorate. TSLX reported its Q4 earnings recently, so I wanted to revisit the overall value proposition going forward. I anticipate that downside risks remain going forward unless interest rates are substantially reduced. Looking at the performance over the last twelve months, we can see that TSLX's share price has declined by nearly 19%. Unfortunately, TSLX has not held up much better than the rest of the BDC market over the last few quarters. Even when including all distributions that were paid out to shareholders, the total return sits at a loss of 13.3% over the same time frame. Following the decline, TSLX now offers investors a starting dividend yield of 11.2%, and net investment income levels continue to support these payouts. Data by YCharts Due to the challenging market conditions, TSLX's price to NAV valuation has fallen to the lower end of its historical range. Despite this, I do not believe that it is yet an attractive time to accumulate shares. While the portfolio has remained resilient in some aspects, there are also some concerns that I have. For instance, TSLX failed to allocate a meaningful level of capital towards new investments over the last year. As a result, there aren't any meaningful growth catalysts in the near term. Q4 Earnings According to the latest portfolio overview , TSLX has total investments at a fair value of $3.34B that are spread across a diverse range of debt investments. Unlike traditional equities, TSLX's portfolio does not rely on the earnings growth of its positions. Instead, TSLX lends capital to middle market businesses and relies on a borrower's ability to keep up w...

NYMEX铂金主力合约大涨5%，现报2010.0美元/盎司。NYMEX钯金主力合约涨超4%，现报1486.0美元/盎司。

Nicola Willis, New Zealand’s Finance Minister, said she still expects the economy to grow, though at a slower pace, due to the impact of the ongoing Middle East conflict. She noted that higher fuel prices will affect local businesses as well as the broader economy. She speaks with Haidi Stroud Watts and Shery Ahn on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Super Micro Computer (NasdaqGS:SMCI) is expanding its ecosystem partnerships to automate AI cloud infrastructure with Mirantis. The collaboration focuses on integrating open source platforms, including k0rdent AI, with NVIDIA based GPU cloud environments. The move targets sovereign AI and hybrid GPU cloud use cases, with an emphasis on operational automation and reduced manual provisioning. For investors watching AI infrastructure, this partnership illustrates how NasdaqGS:SMCI is...

President urges people to reduce consumption after power line passing through Ukraine damaged by drones; Moscow spring offensive steps up. What we know on day 1,491 Moldova declared a state of emergency in the energy sector after a key power line with Europe was disconnected following Russian strikes in Ukraine. The declaration comes into effect on Wednesday and lasts for 60 days. Prime minister Alexandru Munteanu appealed to people to “avoid unnecessary consumption, especially during peak hours” and “stay united”, according to a statement from parliament. The former Soviet republic imports electricity from neighbouring European Union member Romania, mostly via a power cable that passes through southern Ukraine. Moldovan authorities said crashed drones had been identified in Ukraine near the line and that “demining operations” were needed before repairs could be done. Restoring the power line itself is expected to take up to seven days, energy minister Dorin Junghietu was quoted by Moldovan media outlet Ziarul de Garda as saying. “Russia alone bears responsibility,” Moldovan president Maia Sandu wrote on X, while the foreign ministry also condemned the Russian attacks. Russia has frequently targeted Ukraine’s energy infrastructure since it invaded its neighbour in 2022. Ukrainian president Volodymyr Zelenskyy has accused Russia of “absolute depravity” after Moscow fired an unprecedented daytime barrage across Ukraine, including on the historical centre of the western city of Lviv. “Iranian ‘shaheds’ [attack drones], modernised by Russia, are striking a church in Lviv – this is absolute depravity, and only someone like [Vladimir] Putin could find this appealing,” Zelenskyy said in his daily address. “The scale of this attack makes it abundantly clear that Russia has no intention of actually ending this war,” Zelenskyy added, vowing that Ukraine “will certainly respond to any attacks.” Moscow appears to be stepping up a spring offensive intended to break Ukrainian res...

广期所多晶硅主力合约大涨5%，报37600元/吨。

广期所铂主力合约大涨8%，报517.35元/克。

Amazon.com (NasdaqGS:AMZN) agreed to acquire Fauna Robotics, signaling an entry into consumer humanoid robotics alongside its existing automation efforts. AWS experienced repeated and severe service disruptions in its Bahrain region, with outages linked to drone strikes connected to ongoing Middle East conflict. The disruptions triggered customer migrations and operational changes, raising fresh questions about cloud resiliency in higher risk geographies. For a company already active in...

现阶段的流动性折价，或许恰恰为那些专注于企业长期价值的投资者，提供了一个更具性价比的观察与介入窗口。当恐慌性抛售平歇，决定股价长期走向的，仍是公司基本面的边际变化。 3月23日，药师帮（ 9885.HK ）发布 2025 年度业绩报告，公司实现营业收入 209.70 亿元，同比增长 17.1 %； 归母 净利润 1.53 亿元，同比增长 409.7 %；经调整净利润 2.37 亿元，同比增长 51.2 %。药师帮延续盈利增长态势，公司基本面实现跨越式跃升，在医药行业转型深水区走出了兼具成长性与确定性的发展路径。 业绩飘红：核心数据亮眼，盈利结构优化 2025年度，公司业绩全维度增长，经营质量稳步提升，全年营业收入、净利润、经调整净利润均实现同比增长：实现收入209.70亿元，同比增幅17.1%，远超行业增速；其中，自营收入增长18.2%，毛利率提升至7.7%；平台业务收入8.67亿元，毛利率提升至83.5%。厂牌首推业务作为公司的高附加值业务，其交易规模达24.45亿元，同比增长111.2%。此外，公司实现归母净利润达1.53亿元，同比增长409.7%。高质量增长特征显著。 公司用户端的广覆盖强粘性是业绩增长核心支撑。现阶段，公司用户已覆盖全国98.9%的县域及91.5%的乡镇，深度触达院外医药市场终端；月均活跃买家数46.1万家，同比增长6.5%，月均付费买家数43.5万家，同比增长8.4%，付费率稳定在94%，单个付费买家月均订单数约29.6单，高付费率与高复购率验证了平台的核心价值。 药师帮在上游构建起多元供给生态，品类与规模优势持续强化：公司合作上游商家超 11000家，推动平台品类、品质、服务全方位升级，月均SKU数增长至420万个；中药业务提速，建立365个金方品种及898个等级标准，中药饮片销售量达4万吨，同比增长约32.8%；与科赴中国、以岭药业等头部药企深度合作，打造高韧性供应链体系，订单交付准时率稳步提升。 盈利端的核心突破来自于公司高附加值业务的孵化加速。厂牌首推成为盈利增长关键抓手，自有品牌更是实现爆发式增长。厂牌首推作为高毛利业务，其交易规模合计达人民币24.45亿元，同比增长111.2%。目前，药师帮已成功布局乐药师、元典、回泰等多个自有品牌，财报数据显示，2025年自有品牌SKU超1200个，交易规模增长约282.8%，推动自营业务毛利...

Adobe, ticker NasdaqGS:ADBE, plans to acquire marketing platform Semrush for US$1.9b. The company also announced an expanded partnership with NVIDIA focused on next generation Firefly models and AI agent workflows. These moves are aimed at deepening Adobe's AI driven marketing and search capabilities beyond its core creative tools. For you as an investor, this sits at the crossroads of creative software, search marketing, and generative AI. Adobe already plays a central role in content...

智东西3月24日报道，昨天，“小龙虾”OpenClaw更新 OpenClaw 2026.3.22 版本，因激进、无兼容层的重构，导致大量用户反馈插件瘫痪、功能失效，成为龙虾诞生以来最严重的一次升级事故。 有网友称，升级后，他的基础结构Agent不能再进行配置更改，变得无法使用，他不得不回滚到OpenClaw 2026.3.13版本。 用户反馈（来源：X） 在此次更新中，小龙虾系统的 入口地址和配置文件夹 都改了。这一操作也导致微信ClawBot以及飞书的“龙虾”插件全部“宕机”，用户主动将龙虾回滚到OpenClaw 2026.3.13版本后才可以正常使用。 用户反馈（来源：X） 对此，微博中有微信员工发文回应称：“我们很快会更新下插件，解决这个问题。目前只有升级了最新版的原生OpenClaw的用户会暂时遇到这个问题，其他比如workbuddy、QClaw接入的没啥影响。” 腾讯公司公关总监张军也转发回应称：“（微信）插件已经更新。” 腾讯回应（来源：微博） 小龙虾3.22版本更新与上一次更新时隔9天，共有315条更新，有118名开发者参与其中，被网友们称为 “龙虾史上最大更新” 。 详情链接： https://github.com/openclaw/openclaw/releases/tag/v2026.3.23 9天本来不久，但龙虾之前的更新速度几乎是一天一更，所以3.22的更新算是憋了个大招，广大小龙虾用户们对此也十分期待。不少网友都提到了3.22版更新的ClawHub插件市场，将其赞誉为“一项足以改变OpenClaw竞争格局的架构级动作。” 用户反馈（来源：X） 今早，“小龙虾之父”Peter Steinberger发文承认，他在昨晚发布3.22版小龙虾时遗漏了Web控制界面资源的一个步骤，当前版本无法正确加载该部分。 Peter Steinberger发文（来源：X） 紧接着，今天中午，龙虾就紧急推出 OpenClaw 2026.3.23 版本，重点更新了 DeepSeek插件、Qwen按量付费模式 、OpenRouter自动定价、Anthropic思考顺序优化、Chrome MCP等待标签页加载以及Discord/Slack/Matrix及Web界面修复等内容。 OpenClaw官宣更新（来源：X） 智东西梳理了小龙虾3.23与3.22的两次版本更新内容，...