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格隆汇 March 4｜Morgan Stanley stated that as the ongoing conflict in the Middle East puts previously strong-performing Asian growth stocks at risk, Asian stock markets may take a heavy hit. Jonathan Garner, Morgan Stanley's Chief Asia Equity Strategist, wrote in a report that given the strong returns of Asian stocks since the beginning of the year and their significant outperformance over US stocks, Asian markets are expected to experience a "significant pullback" both in absolute and relative terms. Although value attributes may help support the performance of Japanese and Korean stock markets, both countries are major energy importers. Considering the strong gains over the past 12 months, some degree of profit-taking is expected during broader risk reduction and position trimming. Beneficiaries of the "Kishida Strategy" may have more sustainability, such as companies related to economic security and supply chain resilience. Korean defense and companies related to the "super cycle" theme may be more resilient than during previous oil price shocks. Companies like SK Bioscience may face pressure from rising upstream petrochemical raw material costs.

According to HyperInsight monitoring, Abraxas Capital has been continuously increasing its short position on the gold-mapped contract xyz:GOLD via sub-address 0xb83 on the Hyperliquid platform. The total position size has reached $30.1 million, with the average holding price adjusted upward from $4,786 to $5,281, and the liquidation price at $6,989. The current unrealized profit is approximately $680,000. Over the past three days, this address deposited $7.5 million to expand its short position, with a significant increase in holdings early this morning and partial profit-taking in the past two hours. Additionally, this address holds about $6.85 million worth of XAUT spot assets on-chain. Abraxas Capital’s total position size has decreased from the peak of $920 million last November to around $40 million.

Malaysian palm oil futures fell after reaching a four-week high, due to weakness in related oil markets. With Malaysian palm oil inventories and production in February expected to shrink significantly, can this offset the impact of sharply reduced exports?