ChiNext 50 index ETFs traded CNY 3.698 bln today, up CNY 971 mln (35.61%) versus the previous trading day. Huaan ChiNext 50 ETF (159949) turnover was CNY 2.954 bln, up CNY 844 mln (39.99%). Harvest ChiNext 50 ETF (159373) turnover was CNY 80.36 mln, up CNY 44.93 mln (126.85%). Invesco Great Wall ChiNext 50 ETF (159682) turnover was CNY 402 mln, up CNY 35.41 mln (9.67%). By day-on-day increase, Fullgoal ChiNext 50 ETF (159371) and Harvest (159373) led gains, rising 131.82% and 126.85% respectivel

Military force is unlikely to restore regular shipping through the Strait of Hormuz, leaving the US and Iran at risk of a prolonged 'neither peace nor war' state. A ceasefire memorandum after US strikes on Feb. 28 used ambiguous wording that allows both sides to continue pursuing objectives by other means. Washington tried to increase tanker transits via the Omani-side channel, including switching off ship transponders, but the IRGC successfully struck several of those tankers, suggesting traffic is unlikely to return to pre-conflict levels without further agreement. The Pentagon reportedly presented military options to break the stalemate, but they were rejected by President Trump; months of strikes have so far failed to produce decisive results, raising the prospect of extended instability in the strait.

美國駐黎巴嫩大使：黎以談判轉移至羅馬系出於技術原因。