GuShiio.com 1. Trump and Zelensky quarreled in public, but the two countries did not sign a mineral agreement;2. US media: The United States is considering stopping all military aid to Ukraine;3. Russian Foreign Ministry: Russia and the United States have determined steps to allow the smooth flow of funds from diplomatic agencies;4. The trading hours of the South Korean stock market will be expanded to 12 hours a day next week.
Cailian News, March 1 (Editor Shi Zhengcheng)Last night and this morning, as U.S. inflation and other economic data sent signals that were favorable to the stock market, European and American markets temporarily gained a glimpse of the sunshine from the “Trump Cloud”. Among them, the three major U.S. indices adjusted at the end of the month, driven by the influx of buying orders, the collective closed up 1%.
But the U.S. stock market still fell collectively in the first full natural month of Trump’s second term. Among them, the Nasdaq fell nearly 4%, which is alsoTechnology index fell by its largest monthly decline since April last year。In the past 16 months, the Nasdaq has only closed down in four months.
Of course, the problem itself lies with Trump himself. Affected by his capricious policies, the “Trump Deal” that has performed well in previous months is coming under pressure. The performance of the U.S. technology giant, which once drove U.S. stocks up, this year has been overshadowed by China technology stocks, as well as European, Canadian and Mexican stocks.Driven by China technology giants such as SMIC and Alibaba, the Hang Seng Index/Hang Seng Technology Index both rose by more than 13% this month, ranking first among global stock markets.
(Monthly chart of the Hang Seng Technology Index, source: TradingView)
Affected by factors such as global trade uncertainty and risk aversion, most commodities weakened on Friday. The wave of high profit-reduction in gold continues, while Bitcoin has retreated more than 20% from its historical high in January after diving more than 12% this week.
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[Trump and Zelensky quarreled in public and the two countries failed to sign a mineral agreement]
On Friday local time, Ukraine President Zelensky visited the White House. But in front of the global media, he had a fierce quarrel with U.S. President Trump and Vice President Vance, and finally left the White House early at Trump’s request. The two sides did not hold a luncheon or hold a press conference, and the two countries did not sign a mineral agreement.
[The United States considers stopping all military aid to Ukraine]
According to the Washington Post, citing a senior U.S. official, the U.S. government is considering stopping all current military aid to Ukraine after a quarrel between U.S. President Trump and Zelensky at the White House. U.S. President Trump told Zelensky on February 28 that if the United States had not only provided military assistance, the conflict in Ukraine would have ended in two weeks or less.
[Russian Ministry of Foreign Affairs: Russia and the United States have determined steps to allow the smooth flow of funds to diplomatic agencies]
The Russian and U.S. delegations held the first round of talks on bilateral relations in Istanbul, Turkey on February 27. The Russian Ministry of Foreign Affairs announced on February 28 that the Russian and U.S. delegations agreed at the meeting to take joint measures to ensure the smooth flow of funds between the diplomatic missions of the two countries.
Russian Foreign Ministry Spokesperson Zakharova said on February 28 that during the talks in Istanbul, Russia and the United States had agreed to take joint measures to ensure the unimpeded flow of funds between Russian and U.S. diplomatic missions on the basis of reciprocity, and Create appropriate conditions for diplomats to perform official duties. Zakharova also said that the two sides also discussed issues related to Russia’s diplomatic property in the United States, namely the return to Russia of six real estate items “seized between 2016 and 2018.”
[The Atlanta Federal Reserve Model predicts a contraction in GDP in the first quarter]
The Atlanta Fed’s GDPNow model updated data on Friday, significantly lowering its forecast for the annualized quarterly rate of U.S. GDP in the first quarter to-1.5%. This figure was still 2.3% on February 19.
[South Korea stock market trading hours will be expanded to 12 hours a day next week]
South Korea’s Financial Services Commission (FSC) announced that with the approval of amendments to the Capital Market Law in Congress, the country’s first alternative stock trading system (ATS) Nextrade will be officially launched on March 4. The trading hours of the South Korean stock market will last from 8 a.m. to 20 p.m.
[Starship’s eighth test flight was approved]
The Federal Aviation Administration announced on Friday that SpaceX has received authorization to launch the “starship” again. SpaceX subsequently announced that the eighth test flight of the “Starship” would take place as soon as March 3 local time. During the seventh test flight in January this year, the new-generation starship spacecraft that debuted disintegrated and exploded in the air.
[Intel’s Ohio chip factory has been postponed again to 2030 and was originally expected to be put into production this year]
U.S. chip giant Intel announced on Friday that it would further delay the production of a $28 billion chip factory in Ohio to 2030-2031, five years later than originally planned. Naga Chandsekaran, the company’s executive vice president, said that the move would slow down the construction progress but leave the possibility of accelerating it due to “financial responsibility” considerations.
The plant was originally scheduled to be put into operation in 2025, but has been delayed twice due to government subsidies and supply chain issues. The second factory is expected to open in 2032. Currently, the Ohio project has completed an investment of US$3.7 billion.
[Amazon competes with Temu/Shein globally: Haul launches expansion in Europe and Mexico]
According to media reports, Amazon has launched a global offensive of value-for-money platform Haul and plans to launch in Europe this year. It has recently begun to deploy the Mexican market. The platform was launched in the United States in November last year with Temu’s low-price model as its core strategy and designed to withstand competitive pressure from emerging discount retailers. The news came from seller consultants and Amazon recruitment announcements.
[CEOs from many neighboring countries support AI strategy]
Shares in many neighboring countries fell under pressure after announcing earnings on Friday, and CEO Louis von An emphasized the need for its AI strategy in an interview. Despite market fluctuations, Von An pointed out that the company maintains growth momentum in all regions of the world, with growth rates particularly significant in mature markets. As of Friday’s close, many neighboring countries fell 16.95%.
Louis von Ann explained that currently at a critical juncture in the development of AI technology, the company plans to continue to increase investment in AI until the first half of 2025, focusing on the development of content generation and dialogue interaction capabilities, aiming to optimize content production through technological innovation. Process and reduce operating costs. Von Ahn made it clear that AI investment is the most correct decision at this stage and will benefit from the efficiency improvement brought by this strategy in the long run.
