Market colour - markets pare some losses on possibility of G7's joint oil reserve release

Macquarie Warrants Singapore

🔃Markets are paring some losses, led by the $Hang Seng Index - main 2603(HSImain)$ March futures that has bounced 2% from its morning low of 24,700 to trade 1.7% lower at 25,144

🔺Some Hong Kong stocks such as $BYD COMPANY(01211)$ (+2%, HKD 96.60) and $MEITUAN-W(03690)$ (+1.6%, HKD 78.10) are even trading in positive territory as of 145PM

📰The bounce comes on the back of news reported by the Financial Times that the Group of Seven finance ministers will discuss a possible joint release of oil from reserves co-ordinated with the International Energy Agency

📞Three G-7 countries, including the US, have reportedly expressed support for the strategy, with the ministers holding a call at 830PM tonight

🚨There have been five coordinated emergency oil stock releases by the International Energy Agency, including two in 2022 after Russia’s invasion of Ukraine

🛢Prior to this news, Asian markets were heavily sold off in the morning, following a surge in oil prices above USD 100 and toward the USD 120 mark as the Middle East war shows no signs of abating

⛽Gasoline prices have also jumped to its highest level since Aug 2024, exacerbating global inflation

🇯🇵The $Nikkei 225 Index(N225.JP)$ plunged as much as 7.7% to 51,405 today, and has currently recovered 1,000 points from the low to trade at 52,530 as of 153PM

🔝The top warrant gainers table are dominated with put warrants with gains as much as 167%

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markets pare some losses on possibility of G7's joint oil reserve release","html":"<html><head></head><body><p>🔃Markets are paring some losses, led by the <a href=\"https://ttm.financial/FUT/HSImain\">$Hang Seng Index - main 2603(HSImain)$</a> March futures that has bounced 2% from its morning low of 24,700 to trade 1.7% lower at 25,144</p>\n<p>🔺Some Hong Kong stocks such as <a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a> (+2%, HKD 96.60) and <a href=\"https://ttm.financial/S/03690\">$MEITUAN-W(03690)$</a> (+1.6%, HKD 78.10) are even trading in positive territory as of 145PM</p>\n<p>📰The bounce comes on the back of news reported by the Financial Times that the Group of Seven finance ministers will discuss a possible joint release of oil from reserves co-ordinated with the International Energy Agency</p>\n<p>📞Three G-7 countries, including the US, have reportedly expressed support for the strategy, with the ministers holding a call at 830PM tonight</p>\n<p>🚨There have been five coordinated emergency oil stock releases by the International Energy Agency, including two in 2022 after Russia’s invasion of Ukraine</p>\n<p>🛢Prior to this news, Asian markets were heavily sold off in the morning, following a surge in oil prices above USD 100 and toward the USD 120 mark as the Middle East war shows no signs of abating</p>\n<p>⛽Gasoline prices have also jumped to its highest level since Aug 2024, exacerbating global inflation</p>\n<p>🇯🇵The <a href=\"https://ttm.financial/S/N225.JP\">$Nikkei 225 Index(N225.JP)$</a> plunged as much as 7.7% to 51,405 today, and has currently recovered 1,000 points from the low to trade at 52,530 as of 153PM</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8bcab116d1e49488f20cf6ca933ad583\" tg-width=\"697\" tg-height=\"625\"></p>\n<p>🔝The top warrant gainers table are dominated with put warrants with gains as much as 167%</p></body></html>","htmlText":"<html><head></head><body><p>🔃Markets are paring some losses, led by the <a href=\"https://ttm.financial/FUT/HSImain\">$Hang Seng Index - main 2603(HSImain)$</a> March futures that has bounced 2% from its morning low of 24,700 to trade 1.7% lower at 25,144</p>\n<p>🔺Some Hong Kong stocks such as <a href=\"https://ttm.financial/S/01211\">$BYD COMPANY(01211)$</a> (+2%, HKD 96.60) and <a href=\"https://ttm.financial/S/03690\">$MEITUAN-W(03690)$</a> (+1.6%, HKD 78.10) are even trading in positive territory as of 145PM</p>\n<p>📰The bounce comes on the back of news reported by the Financial Times that the Group of Seven finance ministers will discuss a possible joint release of oil from reserves co-ordinated with the International Energy Agency</p>\n<p>📞Three G-7 countries, including the US, have reportedly expressed support for the strategy, with the ministers holding a call at 830PM tonight</p>\n<p>🚨There have been five coordinated emergency oil stock releases by the International Energy Agency, including two in 2022 after Russia’s invasion of Ukraine</p>\n<p>🛢Prior to this news, Asian markets were heavily sold off in the morning, following a surge in oil prices above USD 100 and toward the USD 120 mark as the Middle East war shows no signs of abating</p>\n<p>⛽Gasoline prices have also jumped to its highest level since Aug 2024, exacerbating global inflation</p>\n<p>🇯🇵The <a href=\"https://ttm.financial/S/N225.JP\">$Nikkei 225 Index(N225.JP)$</a> plunged as much as 7.7% to 51,405 today, and has currently recovered 1,000 points from the low to trade at 52,530 as of 153PM</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8bcab116d1e49488f20cf6ca933ad583\" tg-width=\"697\" tg-height=\"625\"></p>\n<p>🔝The top warrant gainers table are dominated with put warrants with gains as much as 167%</p></body></html>","text":"🔃Markets are paring some losses, led by the $Hang Seng Index - 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