SHARES OF U.S. CHEMICAL COMPANIES GAIN IN PREMARKET TRADING AFTER U.S.-IRAN TALKS FAIL DOW UP 1.9%, MOSAIC UP 1.6%, LYONDELLBASELL UP 3.1%

CATL HITS RECORD HIGH INTRADAY IN A-SHARES, PEAKING AT 425 YUAN/SHARE

Chinese clean-tech manufacturers are starting to benefit from supply disruptions in the Persian Gulf, as higher oil and gas prices and a stronger focus on energy security lift demand for batteries and electric vehicles. More than six weeks after US and Israeli strikes on Iran effectively disrupted the Strait of Hormuz, customers are shifting toward greener alternatives to offset rising costs. Ningbo Deye Technology expects first-quarter profit to rise up to 70% on strong overseas orders, while Chinese EV and hybrid exports more than doubled in March to a record 349,000 units. Firms including BYD and Geely are also benefiting as demand accelerates.