Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [2]. Core Insights - The report highlights that the U.S. inflation data for February was lower than expected, which may provide some relief to the market [9][10]. - Canada has imposed retaliatory tariffs on approximately $21 billion worth of U.S. goods in response to U.S. tariffs on aluminum and steel [9][10]. - The European Union plans to counter U.S. tariffs by imposing tariffs on $28.3 billion worth of U.S. goods, indicating an escalation in trade tensions [9][10]. - China is focusing on accelerating economic tasks and supporting the development of the smart connected new energy vehicle industry, encouraging foreign investment [9][10]. - The report mentions that Hong Kong's IPO fundraising scale is expected to reach between $17 billion and $20 billion this year, benefiting from optimism in the tech sector [9][10]. Economic Data Summary - U.S. CPI for February increased by 0.2% month-on-month, lower than the previous month's increase of 0.5% [8][10]. - Japan's PPI year-on-year for February was reported at 4.0%, matching market expectations [8]. - The Canadian central bank maintained its interest rate at 2.75% [8]. Market Performance - The Hang Seng Index closed at 23,600.31, down 0.76% for the day [2]. - The H-share index closed at 8,682.13, down 0.84% [2]. - The Shanghai Composite Index and Shenzhen Component Index both experienced declines, with the Shanghai Composite Index showing a significant drop [7]. Company News - Intel appointed Lip-Bu Tan as the new CEO, with the stock price rising over 11% following the announcement [9]. - Insilico Medicine Inc., an AI drug discovery company, is considering an IPO after achieving a valuation of over $1 billion [9]. - Longfor Group's preliminary debt restructuring plan faced opposition from some bondholders due to lower-than-expected recovery rates [9].