HEGSETH: PAST 24 HOURS SAW LOWEST NUMBER OF ENEMY MISSILES FIRED BY IRAN

Barclays economists said China’s stronger-than-expected March manufacturing PMI, along with gains in new export orders and production, points to a limited impact from the Middle East war on supply and demand. New export orders reached a near two-year high, supporting the view that exports will remain a key growth driver. A prolonged conflict could also accelerate the global shift to green energy, benefiting China’s leadership in the sector. However, rising input costs and muted pass-through to output prices suggest ongoing pressure on corporate margins.

SOUTH KOREAN WON CLOSES ONSHORE TRADE AT 1,530.1 PER DOLLAR AT 3:30 P.M. LOCAL TIME, WEAKEST LEVEL SINCE MARCH 9, 2009