INDIA GOVT: RECOMMENDS ANTI-DUMPING DUTY ON CHINESE VISCOSE FILAMENT YARN

• Stock futures are soaring this morning after President Donald Trump said the U.S. would postpone any strikes against Iran’s energy infrastructure for five days following “good and productive conversations” between the two countries. Stock futures pared back some of their gains, though, after Iranian state media denied that the two countries were in direct talks. The president had said on Saturday that the U.S. would attack Iranian power plants if the Strait of Hormuz wasn’t reopened in 48 hours. • Immigration and Customs Enforcement agents will be deployed to U.S. airports to help ease long security lines starting today, White House border czar Tom Homan announced yesterday. • A California jury on Friday found billionaire Elon Musk defrauded Twitter investors ahead of his acquisition of the social media platform. Attorneys for the plaintiffs said damages could total as much as $2.6 billion. • OpenAI spent last year inking a salvo of infrastructure deals to ensure compute capacity. But as the artificial intelligence startup readies to potentially go public, it has started taking a more measured approach. In recent weeks, CEO Sam Altman has acknowledged supply chain problems and the fallout of severe weather on its data centers. He said at a conference this month that “so much stuff goes wrong” when working at this scale. • Market volatility is pushing wealthy investors toward tangible assets. One particularly popular investment: colored gemstones. Resale markets and the surge in gold prices have bolstered jewelry’s standing as a haven that can maintain value over time. Now, collectors are looking beyond diamonds to stones like rubies, sapphires and emeralds.

恆生科技指數跌幅擴大至3%，恆生指數現跌2.89%。