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ChainCatcher news, according to Golden Ten Data, the US dollar retreated after hitting a three-month high on Tuesday, mainly driven by safe-haven capital inflows and the US-Iran conflict pushing up oil prices. Jefferies economist Mohit Kumar stated that Trump proposed providing insurance for ships passing through the Strait of Hormuz, and Gulf countries may take countermeasures against Iran. These reports boosted market sentiment. Federal Reserve's Williams said that cooling inflation may provide room for further rate cuts in the future. Investors are focusing on upcoming US economic data, including the ADP private sector employment report at 21:15 (UTC+8) and the ISM services index at 23:00 (UTC+8).

格隆汇 March 4｜Morgan Stanley has lowered Novo Nordisk's target price from $42 to $40, while upgrading its rating from "Underweight" to "Equal Weight". (格隆汇)

as Iran's blockade of the Strait of Hormuz triggers a global energy supply crisis, traders are increasingly worried about potential inflation risks and are rapidly withdrawing from the frenzy of artificial intelligence trading. Overseas investors sold off more than $3 billion worth of South Korean stocks this week, following a record $13.7 billion sell-off last month. Taiwan was also heavily sold off, with a scale of $3.6 billion, and the Taiwan stock market is expected to set the largest weekly capital outflow record since the end of December last year. Matthew Haupt, portfolio manager at Wilson Asset Management in Sydney, said that as the situation in Iran deteriorates, investors are scrambling to reduce market risk exposure. This wave of sell-offs is mainly concentrated in AI-related stocks because the market still doubts whether the industry's large-scale capital expenditure plans will ultimately generate sufficient profits.