Core Viewpoint - The high-voltage transmission sector is experiencing a significant surge, driven by recent approvals for major transmission expansion projects in the U.S. and advancements in AI technology that increase electricity demand [1][4]. Group 1: Market Performance - The high-voltage transmission sector index turned from decline to a rise of 4% in early trading, with 12 stocks reaching a涨停 (limit up) or exceeding a 10% increase [2][3]. - Specific stocks such as 川润股份, 积成电子, and 汉缆股份 saw rapid increases, with 通光线缆 hitting a 20%涨停 within 21 minutes of market opening [1][2]. Group 2: U.S. Transmission Projects - U.S. regional grid operators have been approved for a total of $75 billion in transmission expansion projects, focusing on the construction of 765 kV ultra-high voltage lines, marking the largest and most capable power lines in U.S. history [3]. Group 3: AI and Electricity Demand - During MWC26 in Barcelona, Huawei's ICT BG CEO highlighted that AI is accelerating, with global daily token consumption increasing nearly 300 times over the past two years, indicating a surge in electricity demand [4]. - The rise of AI technologies is expected to create unprecedented opportunities in the mobile industry, necessitating enhanced network capabilities to support increased electricity consumption [4]. Group 4: Global Market Conditions - Current global market conditions show a liquidity shock, with significant declines in major indices, while oil and the U.S. dollar have seen increases [5]. - The volatility in non-U.S. markets, particularly in Asia and Europe, is noteworthy, as these regions are exposed to risks related to geopolitical tensions and oil supply disruptions [5][6].

霍尔木兹海峡牵动中东局势。 据最新消息，伊朗伊斯兰革命卫队海军副司令穆罕默德·阿克巴尔扎德表示，霍尔木兹海峡已完全处于伊朗海 军的控制之下，十多艘油轮在该海峡被炮弹击中。另外，美国总统特朗普表示，如果有必要，美国海军将开始 护送通过霍尔木兹海峡的油轮。 与此同时，特朗普还威胁称，目前伊朗"几乎所有军事能力都已被摧毁"，接下来将"承受更大打击"。受局势持 续升级影响，黄金、白银等贵金属价格直线拉升，现货白银日内一度大涨超4%，现货黄金一度涨超2%；国际 油价亦小幅走强。 "完全控制霍尔木兹海峡" 3月4日，据新华社消息，伊朗法尔斯通讯社3日报道，伊朗伊斯兰革命卫队海军副司令穆罕默德·阿克巴尔扎德 表示，霍尔木兹海峡已完全处于伊朗海军的控制之下，十多艘油轮在该海峡被炮弹击中。 阿克巴尔扎德说，革命卫队海军多次警告霍尔木兹海峡处于战争状态，任何船只都可能被炮弹或无人机击中。 但仍有十多艘油轮无视警告，已被炮弹击中并烧毁。 阿克巴尔扎德强调，在伊朗宣布霍尔木兹海峡禁止航行后，油轮、商船和渔船已无法通过该海峡。 此前，革命卫队指挥官贾巴里任何试图通过霍尔木兹海峡的船只都会被击毁，"我们不会允许一滴石油从该地 区流出"。 ...

Group 1 - The core viewpoint of the article is that France, represented by President Macron, does not recognize the military actions taken by the United States and Israel against Iran, stating that these actions violate international law and exacerbate regional conflicts [1] - Macron highlighted that the Strait of Hormuz is effectively closed, and the Suez Canal and Red Sea are under pressure and threat, leading to significant disruptions in oil, natural gas prices, and international trade [1] - France is working on "building alliances" and consolidating military resources to restore and secure vital global trade routes, indicating a proactive approach to geopolitical tensions [1] Group 2 - The French aircraft carrier Charles de Gaulle has been deployed to the Mediterranean, accompanied by air forces and escort ships, demonstrating France's military readiness in response to the situation [1] - The Languedoc frigate is also being sent to Cyprus, further indicating France's commitment to maintaining security in the region [1]

违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 十四届全国人大四次会议3月4日上午举行预备会议，通过了大会议程。 | | A . NAHAN H / WARD HART Juli 发展计划草案 | | --- | --- | | 四 | 审查2025年中央和地方预算执行情况与 | | | 2026年中央和地方预算草案的报告、 | | | 2026年中央和地方预算草案 | | 五 | 审议全国人民代表大会常务委员会关于 | | | 提请审议《中华人民共和国生态环境法 | | | 典(草案)》的议案 | | 六 | 审议全国人民代表大会常务委员会关于 | | | 提请审议《中华人民共和国民族团结进步 | | | 促进法(草案)》的议案 | | 中 | 审议全国人民代表大会常务委员会关于 | | | 提请审议《中华人民共和国国家发展规 | | | 划法(草案)》的议案 | | 16 | 审议全国人民代表大会常务委员会工作 | | | 报告 | | 九 | 审议最高人民法院工作报告 | | + | 审议最高人民检察院工作报告 | | + | 审议全国人民代表大会常务委员会关于 | ...

Group 1 - The core viewpoint of the article highlights President Trump's criticism of Spain for its lack of cooperation in actions against Iran, leading to a declaration to cut all trade ties with Spain, labeling it a "bad ally" [1] - Trump instructed Treasury Secretary Mnuchin to sever all dealings with Spain, emphasizing a complete trade cutoff [1] - The Spanish government responded by asserting the need for the U.S. to respect bilateral agreements with the EU, emphasizing Spain's role as a NATO member and a significant trading partner with the U.S. [1]

3月3日晚间，云谷教育官方微信平台显示，在当日新年阿里开工第一站，马云与阿里、蚂蚁的核心管理层来到杭州云谷学校，与校长、老师们畅谈AI带来的挑战 和机会。 马云表示："我们大家之所以一起到云谷来，就是想告诉大家，这个变化会来得非常快，要迅速做出改变，帮助孩子们从现在开始学会和AI共存，适应这个巨大的 变化。" 阿里巴巴董事长蔡崇信指出，AI时代，思辨能力很重要，思辨能力不是会问问题，而是问对问题。未来很多事情机器都可以做，但是人和机器的沟通，人和人的沟 通能力可能是以后最重要的能力之一。 阿里巴巴CEO吴泳铭认为，未来人和机器的区别在于三样东西：好奇心、共情力和体力。好奇心决定了人会自发地去做一件事，而机器是被动的；共情能力是对人 的理解；而当脑力被AI替代的时候，体力就非常重要，所以以后体育会越来越重要。 蚂蚁集团董事长井贤栋表示，AI应该用来帮人做琐碎和频繁的事，让人有更多的时间去发展我们的特质，发展审美、创意和想象力。在用好AI的同时，要避免AI成 为扔不掉的拐杖，还是要保留独立思考的能力。 根据云谷公开的信息，阿里巴巴集团主席蔡崇信、CEO吴泳铭、风险委员会主席邵晓锋、电商事业群CEO蒋凡，蚂蚁集团董 ...

Core Viewpoint - The article discusses the recent surge in oil prices driven by geopolitical tensions, particularly between the U.S. and Iran, and highlights the investment opportunities in oil stocks and ETFs as a result of this situation [2][3][5]. Group 1: Oil Price Surge - The "Big Three" oil companies in China experienced historic stock price increases, with collective trading halts due to price surges on March 2 and 3 [2][3]. - Brent crude oil prices have risen sharply since mid-February, driven by concerns over shipping safety in the Strait of Hormuz and potential disruptions in oil supply [3][5]. - Multiple factors are contributing to the current oil price spike, including geopolitical catalysts, improved supply-demand dynamics, and supply clearing [2][5]. Group 2: ETF Performance - Several oil and gas ETFs saw significant price increases, with some reaching their daily limit, indicating strong investor interest [3][4]. - The SPDR S&P Oil & Gas ETF experienced a premium rate of 20.76%, while another ETF had a premium of 16.36%, leading to trading halts to manage market volatility [3][4]. - High turnover rates were observed in oil-related ETFs, with some exceeding 100%, reflecting active trading and investor engagement [4]. Group 3: Economic Implications - The geopolitical tensions are expected to create short-term volatility in the market, but the long-term impact on the economy may be limited [6]. - Rising oil prices could increase consumer spending costs, particularly affecting low-income households, and may also contribute to inflationary pressures [6]. - Despite the potential economic challenges, the overall market sentiment remains relatively strong, with consumer confidence and stock market performance showing resilience [6]. Group 4: Broader Market Impact - The escalation of tensions in the Middle East has led to increased interest in gold and other safe-haven assets, with gold prices surpassing $5,300 per ounce [7]. - The chemical industry is experiencing a recovery, with demand improving alongside domestic production resuming, indicating a shift from reliance on oil price increases to profitability recovery and market optimization [7][8]. - The current oil and chemical market dynamics suggest a clear logic for investment, driven by geopolitical factors, improved supply conditions, and recovering demand [7][8].

中东局势，继续搅动全球市场！ 今日早间，韩国、日本股市低开低走，韩国KOSPI指数盘中暴跌超6%；韩国KOSPI 200指数期货下跌5%，程 序化交易暂停5分钟。日经225指数向下跌破55000点，日内跌超3%。其中，日本银行股指数大跌8%。 市场分析人士指出，中东紧张局势引发市场对能源成本上涨影响的担忧，全球避险情绪升温，是韩国、日本股 市下挫的主要原因。 刚刚，中东地区传来新消息。据央视新闻报道，当地时间3月4日凌晨，卡塔尔国防部表示，伊朗当天发射的一 枚弹道导弹击中美军驻卡塔尔乌代德空军基地。 此外，伊朗伊斯兰革命卫队4日凌晨发布"真实承诺-4"行动第19号声明，称袭击了位于印度洋的美军驱逐舰和 补给舰。此前一天，伊朗伊斯兰革命卫队称，已击中两处美军"萨德"反导系统目标。 韩国股市暴跌，股指期货熔断 周三，韩国股市继续暴跌，韩国Kospi指数一度跌超6%，从2月26日高点跌幅超过10%。盘中，韩国KOSPI 200 指数期货下跌5%，程序化交易暂停5分钟。拖累韩国Kospi指数最大的是三星电子和SK海力士，这两只芯片股 盘中均一度下跌超6%。 截至北京时间3月4日8:58，韩国Kospi指数跌幅收窄至4 ...

A股市场，再次书写历史："三桶油"连续2个交易日集体涨停。而且，油气开采、油服、天然气、油运等方向全线爆发，通源石油、首华燃气、中曼石油、中海油服 等油气股连续涨停。 面对市场亢奋的情绪，3月3日晚间，A股油气板块多家公司集中公告，提示短期交易过热与油价波动风险，提醒投资者务必充分了解二级市场交易风险，审慎投 资。 "三桶油"齐发声 3月3日晚间，"三桶油"（中国石油、中国石化、中国海油）同步发布股价异动公告，三家公司均表示，A 股股票连续三个交易日收盘价格涨幅偏离值累计超过 20%，构成股票交易异常波动。经自查，公司生产经营正常，行业政策未发生重大变化，不存在应披露而未披露的重大事项。 三家公司同时提示，国际原油市场受地缘局势、供需格局等多重因素影响，价格宽幅震荡，短期油价波动存在较大不确定性，提醒广大投资者注意交易风险，理性 决策，审慎投资。 截至3月3日收盘，中国石油报收13.15元/股，总市值2.32万亿元，今年累计涨幅达26.32%。中国石化报收7.82元/股，总市值8739亿元，今年累计涨幅达26.54%。中 国海油报收43.41元/股，总市值1.22万亿元，今年累计涨幅达43.84%。 多家热门 ...

违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 伊朗最高领袖军事办公室主任穆罕默德·希拉齐； 伊朗武装部队总参谋部情报副部长萨利赫·阿萨迪； 伊朗武装部队后勤与支援副部长穆罕默德·达雷巴吉； 伊朗武装部队总司令办公室副主任阿克巴尔·易卜拉欣扎德； 法拉贾（警察部队）情报局局长古拉姆雷扎·雷扎伊安； 伊朗武装部队总参谋部作战部计划与作战局局长巴赫拉姆·侯赛尼·莫塔勒克； 伊朗武装部队总参谋部准备与保障局局长哈桑阿里·塔吉克等 。 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 伊朗国防部发言人当地时间3日表示，敌方认为刺杀伊朗指挥官就能让军队崩溃，这是错误判断。 发言人指 出，每位指挥官至少已有三名继任者，伊朗军队不会因指挥官牺牲而出现指挥真空。 据报道，伊朗军队多位指挥官确认已经死亡。 据 ...