Japan 30-year government bond auction bid-cover ratio 3.36; previous auction 3.88.

烏克蘭總統澤連斯基：以割讓烏克蘭領土換取和平，只是一種抽象的說法。這不僅涉及現實問題，更涉及哲學層面的問題。普京曾談論頓巴斯，但隨後他決定佔領基輔，也就是我們的首都。他嘴上談的是頓巴斯，但實際行動卻是針對基輔。

At Shenwan Hongyuan’s 2027 capital markets conference, Fu Jingtao, head of macro allocation research, said the 2026 H2 correction has not broken historical patterns and the next large upcycle is still likely to be driven by the AI industry trend. He flagged Mar–Apr 2027 as a potential oversold rebound window in which the A-share market may stop making new lows. After that period the market could reach a bottom region, boosting structural opportunities and thematic activity as a new consensus forms. Fu expects a ‘second-phase’ rally to build in H2 2027 as asset-allocation conditions, industry trends and funding supply-demand potentially shift from negative resonance to aligned, reinforcing momentum.