Japan's Economic Watchers Current Conditions Index for February was 48.9, in line with expectations of 48 and the previous reading of 47.6.

The euro fell below 0.90 against the Swiss franc for the first time since 2015.

Individual Stock News 1. Mengniu Dairy (02319.HK): The company expects its profit attributable to owners of approximately RMB 1.4 billion to RMB 1.6 billion in 2025, with an operating profit margin of 7.9% to 8.1%. Meanwhile, the group's total revenue is expected to decline by 7% to 8%. 2. Longyuan Power (00916.HK): In February, the company completed 6.3729 million MWh of power generation, a year-on-year increase of 0.73%. The cumulative power generation in 2026 is expected to reach 13.5357 million MWh, a year-on-year increase of 6.42%. 3. Huishang Bank (03698.HK): Revenue in 2025 is expected to be approximately RMB 37.67 billion, a year-on-year increase of approximately 1.2%; net profit is expected to be approximately RMB 16.93 billion, a year-on-year increase of approximately 6.3%. 4. Poly Property Group (00119.HK): In the first two months of 2026, the Group achieved cumulative contracted sales of approximately RMB 6 billion, with a cumulative contracted sales area of approximately 221,000 square meters and an average contracted sales price of approximately RMB 26,992 per square meter. 5. Zhongliang Holdings (02772.HK): In the first two months of 2026, the Group achieved contracted sales of approximately RMB 1.5 billion, with a cumulative contracted sales area of approximately 154,000 square meters and an average contracted sales price of approximately RMB 9,700 per square meter. 6. Longfor Group (00960.HK): Net profit attributable to shareholders in 2025 is expected to be approximately RMB 1 billion. Excluding the impact of fair value changes and other factors, the core equity profit is expected to record a loss of RMB 1.5 billion to RMB 2 billion. 7. Xiabuxiabu (00520.HK): 2025 revenue is expected to be approximately RMB 3.8 billion, a decrease of approximately 20% year-on-year; net profit for 2025 is expected to be a loss of approximately RMB 290 million to RMB 310 million, narrowing by 22.2% to 27.2% year-on-year. 8. Didi Chuxing (02559.HK): 2025 revenue is expected to be approximately RMB 477 million to RMB 528 million, a decrease of 33% to 39% year-on-year; adjusted net profit for 2025 is expected to be approximately RMB 131 million to RMB 145 million, a decrease of 32% to 38% year-on-year.