Australian Share Market Sinks Nearly $120 Billion Amid Oil Price Surge
March 9, 2026, 1:34 AM EDT. The Australian sharemarket has lost about $130 billion following a sharp spike in oil prices, which soared 20% to $110 per barrel. The ASX200 index dropped 3.93%, falling as much as 4.3% at one point, marking its steepest single-day decline since early 2020. This plunge reflects fears of a prolonged conflict in Iran, disrupting global oil supply and triggering concerns of an energy shock. The market has now declined around 7% over the last week. Analysts warn this could lead to rising inflation, increased household costs, and slower economic growth both in Australia and globally. Other markets, including Japan's Nikkei which fell 7%, also faced sharp declines amid geopolitical tensions.
Sensex and Nifty Plunge Over 2% on March 9 Amid Iran-US-Israel War, Oil Surge
March 9, 2026, 1:33 AM EDT. Indian equity markets tumbled sharply Thursday due to rising global risk aversion triggered by the escalating Iran-US-Israel conflict. The Nifty 50 index fell 2.84% to 23,756.20, slipping below 24,000, while the Bank Nifty plunged 3.93%. The BSE Sensex dropped 2.81%, losing 2,178 points. Heavy selling in financial stocks and rising crude oil prices above $115 a barrel weighed on investor sentiment. The conflict pushed Brent crude prices 24% higher since Friday, sparking fears of an oil shock and inflation spike. The Indian rupee weakened to an all-time low of 92.22 against the US dollar amid the turmoil. Defensive sectors such as IT and Pharma fared better but still posted declines. The market environment reflects fears of economic disruption from geopolitical tensions and energy price volatility.
Market Meltdown as Crude Prices Surge 25% Amid West Asia Conflict; Sensex Drops 2,500 Points
March 9, 2026, 1:32 AM EDT. Global equity markets plunged as crude oil prices surged 25% due to escalating West Asia tensions and the closure of the Strait of Hormuz. Brent crude jumped to $118 per barrel, sparking fears of rising inflation and economic slowdown, especially in oil-importing nations like India. India's BSE Sensex fell nearly 2,500 points to 77,057, while the NSE Nifty50 dropped over 750 points below 23,700. Most Nifty stocks declined, led by IndiGo, Tata Motors, and SBI. Asian markets also faced heavy losses, with South Korea's Kospi hitting a lower circuit twice this week. Rising energy prices threaten inflation and corporate margins globally. SBI Securities highlighted negative U.S. jobs data, with a drop of 92,000 non-farm payrolls and a 4.4% unemployment rate, adding to market concerns.
Sensex Plunges Over 2,345 Points on West Asia War-Induced Oil Price Surge
March 9, 2026, 1:30 AM EDT. Indian stock markets opened sharply lower on Monday, with the Sensex dropping 2.36% to 77,056.75 and the Nifty 50 tumbling 2.38% to 23,868.05. The sell-off was driven by a spike in crude oil prices, which surged around 26% to the highest level since July 2022. The conflict in West Asia disrupted supply, with Iraq and Kuwait cutting output, fueling inflation concerns in India, the world's third-largest oil importer. Major sectors and banks faced notable losses, including HDFC Bank and ICICI Bank, down over 3%. Reliance Industries also declined. Asian stocks fell broadly, while Wall Street and European futures dropped, pressured by potential global interest rate hikes amid surging energy costs. The U.S. dollar remained firm amid safe-haven demand.
Bitcoin Faces Pressure as U.S. Market Meltdown Odds Rise to 35%
March 9, 2026, 1:29 AM EDT. Bitcoin held firm at $67,378 despite a shaky global market showing limited resilience. Ether and other major cryptocurrencies also posted modest gains. However, S&P 500 futures dropped over 2% and the VIX volatility index hit levels unseen since April, signaling increased risk appetite downturn. Veteran strategist Ed Yardeni raised meltdown odds to 35%, citing inflation and unemployment risks tied to oil shocks. Historically, Bitcoin falls with equities during market stress despite its hedge reputation. Analyst Greg Cipolaro noted Bitcoin's recent price moves partly mirror U.S. stocks due to shared macro risks, though most of its volatility stems from other factors. Global equities remain weak, especially in Asia, while U.S. markets show some insulation but face mounting pressure.
Acetech E-Commerce Shares Debut Flat on NSE SME at ₹112
March 9, 2026, 1:28 AM EDT. Acetech E-Commerce's shares debuted flat at ₹112 on the NSE SME platform, matching their initial public offering (IPO) price. Investors who purchased shares in the IPO saw neither gains nor losses upon listing. The flat debut signals cautious market reception amid a competitive landscape for SME (small and medium enterprises) listings. Market participants are watching for further performance as trading progresses.
Airline Shares Drop as Oil Prices Surge Amid U.S.-Israeli Iran War Escalation
March 9, 2026, 1:17 AM EDT.Airline stocks in Asia tumbled on Monday following a sharp spike in oil prices driven by the escalating U.S.-Israeli conflict with Iran. Oil jumped 20% to levels not seen since July 2022, raising jet fuel costs substantially. The war has disrupted Middle East airspace, leading to cancellations exceeding 37,000 flights since February 28. Airlines face soaring expenses as fuel, their second-largest cost after labor, becomes scarcer and costlier. Some carriers have fuel price hedges, while others, especially in the U.S., do not. Travel disruptions persist, with airports like Dubai temporarily closing and private jets redirected, complicating evacuations. Market pressure hit major carriers including Qantas, Cathay Pacific, and China Southern, with shares falling between 4% and 10%. The situation underscores mounting operational risks amid geopolitical tensions and rising crude prices.
VIX Surges Nearly 40%, 3 ETFs Highlighted for Trading Market Fear
March 9, 2026, 1:15 AM EDT. The CBOE Volatility Index ($VIX) jumped from under 17 to nearly 24 in five weeks, reflecting market anxiety amid Middle East tensions. This 40% rise signals growing market fear and volatility. Investors looking to navigate or profit from this turbulence have three key exchange-traded funds (ETFs) to consider. The ProShares VIX Short-Term Futures ETF (VIXY) tracks near-term VIX futures for quick, sensitive exposure but carries erosion risks in calmer markets. The ProShares VIX Mid-Term Futures ETF (VIXM) offers a more measured approach, holding longer-dated contracts for stability. Lastly, the ProShares Ultra VIX Short-Term Futures ETF (UVXY) provides aggressive leverage on short-term volatility moves. Each ETF presents different risk and timing profiles for managing or trading rising market fear.
Sensex and Nifty Plunge on Oil Price Spike and Global Market Woes
March 9, 2026, 1:13 AM EDT. Indian benchmarks Sensex and Nifty 50 tumbled sharply on Monday, triggered by a nearly 25% surge in crude oil prices to about $116 per barrel amid geopolitical tensions in Asia. The market reaction reflects concerns over India's heavy reliance on oil imports, which could worsen inflation and pressure economic growth indicators like GDP and the current account deficit. Sectoral indices across banking, media, auto, and FMCG faced broad-based selling. Experts noted that fuel and commodity-linked sectors, including aviation, paints, and chemicals, will likely bear the brunt of rising oil costs. The market sell-off was compounded by weak global cues and technical breaks in key support levels, amplifying investor caution.
Sensex Falls Over 2,000 Points as Crude Oil Surge Sparks Market Sell-Off
March 9, 2026, 1:01 AM EDT. The BSE Sensex dropped 2,205.93 points to 76,712.97 early Monday, while the Nifty 50 fell 2.74% to 23,778.95 amid escalating US-Iran tensions. Rising geopolitical risks pushed crude oil prices to their highest since July 2022, with Brent crude jumping nearly 20% to $111.05 a barrel. Key sectors suffered; the Nifty PSU Bank index lost over 4%, and both Nifty Bank and Financial Services indices declined. Market participants reacted to possible supply disruptions in the Strait of Hormuz. Previous session saw significant falls with the Sensex closing down 1,097 points. India's broader markets mirrored this downtrend, with Nifty Midcap 100 and Smallcap 100 indexes each dropping about 2.5%. The India VIX volatility index rose 14%, signaling increased market uncertainty.
Nifty Set to Test Major Support as West Asia Tensions Boost Oil Prices
March 9, 2026, 1:00 AM EDT. The Nifty 50 fell 1.27% on March 6, wiping out prior gains amid escalating US-Israel-Iran conflicts, which sent oil prices close to $111 per barrel. Heightened geopolitical tensions sparked market fears over economic growth and earnings potential. Technical indicators, including a surging VIX (volatility index) and bearish momentum signals, put the 24,300 support level under threat. Analysts warn a sustained drop below this could trigger a correction toward 24,000-23,800. Resistance is expected near 24,700, but downside risks prevail. The Bank Nifty also showed weakness, slipping below its 100-day moving average and approaching the 200-day mark, signaling strengthening bearish sentiment. Market watchers should monitor these critical thresholds closely ahead of March 9 session openings.
Japan's stock volatility hits peak since 2020 as Goldman Sachs warns of correction
March 9, 2026, 12:59 AM EDT. Japan's stock market volatility index surged above 30 points, marking the highest level since the 2020 COVID-19 crisis, amid soaring oil prices and economic concerns. The Nikkei 225 Index dropped 7%, falling 3,880 points to 51,740. Major stocks including SoftBank and Kioxia declined sharply between 11% and 14%. Goldman Sachs warned that the risk of a significant market correction is growing, noting Japan's market has stayed unusually calm since April 2025 despite tariff-related tensions. The investment bank expects volatility to continue until geopolitical uncertainties clear, highlighting mounting investor anxiety.
Sensex plunges over 2,000 points as crude oil spikes; Nifty below 24,000
March 9, 2026, 12:58 AM EDT. The S&P BSE Sensex plunged 2,444.51 points to 76,474.39, while the NSE Nifty50 dropped 729.90 points to 23,720.55 amid rising crude oil prices driven by the Iran-Israel-US conflict. Brent crude surged past $115, triggering heavy selling across sectors with State Bank of India falling 5.56% and IndusInd Bank down 7.55%. Investor sentiment turned bearish as inflation concerns intensified due to the oil price shock. Volatility index India VIX jumped 21.52%, reflecting market nervousness. Experts warn prolonged geopolitical tensions could further pressure markets but advise patience, noting such impacts tend to be temporary. Midcap and smallcap indices also slipped over 3%, with broad-based losses in financials, autos, metals, and IT sectors.
Oil Hits Highest Level Since 2023 Amid Iran Conflict, U.S. Stocks Drop After Weak Jobs Report
March 9, 2026, 12:51 AM EDT. Oil prices surged to their highest point since 2023, with Brent crude jumping 8.5% to $92.69 and U.S. crude reaching $90.90 a barrel, driven by escalations in the Iran war affecting key oil transport routes. The S&P 500 fell 1.3%, suffering its worst week since October, after data showed U.S. employers cut more jobs than created, signaling economic weakness. The Dow and Nasdaq also declined sharply. Economists warned this could increase stagflation risks-a combination of stagnant growth and high inflation-complicating Federal Reserve policy as rising oil prices fuel inflation, limiting the effectiveness of rate cuts to stimulate the economy.
Credo Projects 50% Forward Annual Revenue Growth
March 9, 2026, 12:50 AM EDT. Credo is set for explosive 50% forward annual revenue growth, indicating significant expansion. Khaveen Investments, a global advisory firm specializing in disruptive technologies such as AI, cloud computing, 5G, and IoT, provided a detailed analysis emphasizing Credo's growth potential. The firm employs a unique investment approach blending global macro, fundamental, and quantitative strategies across diverse sectors. Analyst disclosures state no current or planned holdings in Credo to maintain objectivity. The report highlights growth prospects without offering direct investment advice. Investors should consider these insights within broader market assessments. Past performance does not guarantee future results, and readers are urged to perform independent evaluations before investing.
Oil futures surge past $110 on Middle East tensions, Asian stocks tumble
March 9, 2026, 12:49 AM EDT.Oil futures jumped over 20%, surpassing $110 a barrel as Middle East conflict fears roiled markets. West Texas Intermediate crude rose about 17% in 24 hours. Asian stocks plummeted, with Japan's Nikkei 225 down more than 6% and South Korea's Kospi dropping around 8%. The spike relates to risks around the Strait of Hormuz, a key oil transit route. Bitcoin held steady near $67,000, indicating crypto markets view the rally as energy-specific. However, some traders expect a pullback, as funding rates on oil futures turned negative. Meanwhile, Federal Reserve rate hikes remain likely, with markets pricing a 98% chance rates stay unchanged in March, reflecting concerns about inflation pressures from rising crude prices.
Stock Market Today: Nifty 50 Outlook Amid US-Iran Conflict, Surging Oil, Falling Gold and Silver
March 9, 2026, 12:48 AM EDT.Crude oil prices surged 20% early Monday, hitting a 52-week high at $111.24 per barrel amid ongoing tensions in the US-Iran war. This spike strengthened the US Dollar, causing significant drops in safe-haven assets: gold fell nearly 2% and silver plummeted about 5% on COMEX. Asian markets reacted sharply; Japan's Nikkei 225 and South Korea's Kospi each fell over 6%, signaling deep risk-off sentiment. The Gift Nifty index was down 2%, indicating a possible gap-down open for the Nifty 50 in India. Technical analysts cite immediate support levels around 24,300 for Nifty, but warn of potential further declines if breached. Meanwhile, Iran's leadership succession has intensified geopolitical risks, adding uncertainty to the markets.
Sensex Falls Over 2,100 Points as Oil Prices Surge Past $115, Markets Tumble Globally
March 9, 2026, 12:46 AM EDT. Indian equity markets opened sharply lower Monday as the Sensex dropped over 2,400 points and the Nifty slipped below 23,750. The plunge followed Brent crude oil prices rising above $115 per barrel, triggering worries of renewed inflation and economic fallout from escalating Middle East conflict. The Nifty PSU Bank and Bank indices suffered heavy declines of more than 4%, while market volatility spiked, with India VIX up 20% to 24.01. Expert VK Vijayakumar highlighted the risk to oil-importing economies like India if crude remains elevated. Broader market breadth was weak, indicating widespread selling across sectors including auto, metals, and realty. Global markets also faced intense pressure amid rising geopolitical tensions and inflation concerns.
Sensex Crashes Over 2,000 Points as Middle East Tensions and Oil Surge Hit Markets
March 9, 2026, 12:45 AM EDT. The BSE Sensex plunged 2,308 points, or nearly 3%, amid escalating Middle East conflict, surging crude oil prices, and persistent foreign institutional investor (FII) outflows. The conflict has sparked fears of global instability and energy supply disruptions, causing crude oil prices to surge about 25%, which poses inflation risks for India, a major oil importer. This uncertainty has rattled investor sentiment, leading to broad-based sell-offs across banking, IT, and metal sectors. Experts caution that prolonged geopolitical tensions could sustain market volatility and economic disruption.
Sheng Siong Group Reports Stronger 2025 Earnings and Revenue Growth: Implications for Shareholders
March 9, 2026, 12:43 AM EDT. Sheng Siong Group Ltd (SGX:OV8) posted higher full-year 2025 sales of S$1.57 billion and net income of S$149.46 million, lifting basic earnings per share to S$0.0994 from S$0.0915. The results underline the company's steady profitability and cash-generation as a mature supermarket operator. Despite trading about 24% above some fair value estimates, Sheng Siong's resilient earnings and robust return on equity maintain its appeal to investors seeking healthy dividends. However, rising CEO pay and limited board renewal introduce execution risks investors should consider. Valuations remain dependent on margin stability amid competitive and inflationary pressures. Market views vary widely, with fair value estimates ranging from S$1.26 to S$3.43, urging shareholders to weigh governance and margin outlook carefully before positioning themselves.
TransUnion (TRU) Valuation Reviewed Following AI Analytics Orchestrator Launch
March 9, 2026, 12:42 AM EDT. TransUnion (TRU) unveiled its AI Analytics Orchestrator Agent, powered by Google Gemini, enhancing credit analytics speed and transparency. Despite this, TRU's shares recently slid to $77.38, below the $94.75 fair value estimate derived from detailed cash flow analysis. Management forecasts improved free cash flow conversion post-2025, potentially boosting shareholder returns via buybacks or acquisitions. The SWS discounted cash flow (DCF) model estimates a higher intrinsic value at $153.30, suggesting deep undervaluation. Investors face risks from tighter data privacy rules and cyber threats that could impact earnings. With mixed signals on TRU's valuation amid AI optimism, market participants are urged to assess underlying assumptions before positioning.
CI Health Care Giants Covered Call ETF (FHI.U) Stock Signals and Ratings on March 9
March 9, 2026, 12:41 AM EDT. CI Health Care Giants Covered Call ETF (FHI.U:CA) trades with AI-generated signals showing a short-term weakness. The recommended trading plan suggests buying near 9.22 with a target of 9.54 and a stop loss at 9.17. Conversely, a short position near 9.54 targeting 9.22 is advised, with stop loss at 9.59. Ratings for March 9 indicate a weak near-term outlook, while mid and long terms hold a neutral stance. These updated signals reflect cautious momentum in the healthcare ETF's price action, highlighting potential swings around the 9.2 to 9.5 price range.
Sensex and Nifty 50 Fall as Iran Conflict Drives Crude Oil Above $100
March 9, 2026, 12:36 AM EDT. India's stock markets opened sharply lower as the Iran war in West Asia pushed crude oil prices above $100 a barrel, disrupting global energy supplies. The BSE Sensex dropped over 3%, sliding to 76,424, while the NSE Nifty 50 fell 3%, closing below 23,800. Major sectors, including midcap and smallcap stocks, also declined nearly 2%, with energy giants BPCL and HPCL losing up to 8%. The India VIX, a measure of market volatility, surged 20%, highlighting investor anxiety. The oil price surge threatens to stoke inflation, widen fiscal deficits, weaken the rupee, and pressure corporate margins in India, the third-largest crude importer. Foreign investors sold shares worth ₹6,030 crore ($654 million) recently, offsetting domestic purchases. Analysts warn prolonged conflict may cause sustained high fuel prices and economic strain.
South Korea Short-Selling Surges $338M as KOSPI Tumbles on Middle East Tensions
March 9, 2026, 12:34 AM EDT.Short-selling transactions in South Korea jumped over $338 million on the first trading day after U.S. and Israeli air strikes against Iran. Data from Korea Exchange showed short selling hit 2.46 trillion won Tuesday, up 518 billion won from Monday. The benchmark KOSPI index plunged more than 7% amid heightened risk aversion over Middle East unrest. Short selling, a strategy of selling borrowed stocks expecting to buy them back cheaper, surged above the 2025 daily average of 1.9 trillion won. Analysts link the increase to expectations of greater market volatility and a sharp fall in the Korean won to its lowest level since 2009. Daishin Securities' Lee Kyoung-min noted the market was primed for a cooling after strong gains early in the year.
Global Markets Tumble as Oil Surpasses $100 Amid Middle East Conflict
March 9, 2026, 12:33 AM EDT.Indian equity benchmarks Sensex and Nifty are set for a gap-down opening on March 9, following losses in GIFT Nifty and sector-wide selling pressure. Asian markets plunged sharply; South Korea's Kospi fell nearly 8%, and Japan's Nikkei dropped 6.4%, driven by oil topping $100 a barrel for the first time since 2022. Wall Street's major indexes closed lower Friday, with the Dow Jones posting its steepest weekly decline since April 2025 amid labor market setbacks and rising oil prices. The dollar surged to a three-month high against the euro, while U.S. Treasury yields rose. Asian currencies mostly weakened except the Chinese renminbi. Foreign institutional investors sold over Rs 6,000 crore in Indian equities, marking their sixth consecutive day of net outflows.
DS Investment Advises Buying as VIX Signals Early Stage of Market Fear
March 9, 2026, 12:32 AM EDT. DS Investment & Securities analyst Yang Hyung-mo advises investors to consider buying if stock markets fall further, based on the current level of the Volatility Index (VIX) at 26.0. The VIX, which measures market volatility and investor fear, has not yet reached the historical spike median of 29.1 seen during past crises such as the 2008 financial crash. Data since 1990 shows that VIX above 28 has a 77.3% chance of hitting 30, typically signalling increased buying opportunities. The KOSPI benchmark could fall between 5070 and 4316 points before bottoming, while the S&P 500 might drop to as low as 5776 points. The analyst concludes that the current fear in markets should be viewed as a buying opportunity rather than a warning.
Bank of America flags extended stock market reset amid global shocks
March 9, 2026, 12:31 AM EDT. Bank of America's chief investment strategist, Michael Hartnett, warns that the stock market reset sparked by external shocks like the Iran conflict isn't over. Despite a recent pullback-with the S&P 500 dropping about 2% last week-the market lacks a key sign of recovery: weakening safe-haven assets such as oil and the U.S. dollar. Hartnett highlights the ongoing market rotation where heavily sold tech and risk assets appear to bottom out, but cautions investors against expecting a significant rebound until fundamentals shift. Major indices like the S&P 500 and Dow Jones have slid notably, underlining investor caution in a volatile environment. This perspective contrasts with past years of market gains, signaling a more cautious outlook going forward.
Market Sentiment Wanes as Iran Conflict Enters Second Week
March 9, 2026, 12:30 AM EDT.Investor confidence dips as the Iran war stretches into its second week. Marketwide call options, bets on rising prices, plunged sharply against put options, which are wagers on price drops. This shift signals bulls, or optimistic investors, are hesitant to 'buy the dip,' a common strategy during market falls. Analysts warn the Nifty index could drop up to 2.7% to 23,800 if tensions persist. The market's caution reflects growing unease amid ongoing geopolitical conflict.
KOSPI Short-Selling Hits Record Amid Market Decline
March 9, 2026, 12:29 AM EDT. Short-selling on South Korea's KOSPI market surged to a record 3.0445 trillion won ($2.06 billion) on March 4, driven by institutional and foreign investors betting on a declining index. This marks the highest level since short-selling fully resumed last March. The increase coincides with a 19.24% drop in KOSPI over three days, including a historic 12.06% single-day plunge. Investors are also buying 'double inverse' ETFs that profit from index falls, signaling cautious market sentiment. Despite this, securities analysts suggest the sharp decline may be temporary, citing priced-in geopolitical risks and intact company fundamentals. Meanwhile, the stock lending balance, a short-selling indicator, fell over 30 trillion won in three days, reflecting changing investor behavior amid volatility.
US-Iran Conflict Spurs Wall Street Turmoil, Tech Giants Emerge as Safe Havens
March 9, 2026, 12:28 AM EDT. As the US-Iran conflict intensifies, international oil prices surged, triggering a global market sell-off. Wall Street analysts point to tech giants like Microsoft, Apple, and Alphabet as defensive stocks providing a safe haven amid volatility. Microsoft's AI investments and massive backlog, Apple's steady consumer demand, and Alphabet's stable business model underpin their resilience. However, Meta, heavily reliant on advertising revenue, faces greater risk from economic downturns. Amazon's retail and cloud services also attract bullish sentiment. Meanwhile, escalating geopolitical risks boost the cybersecurity and defense sectors, highlighting firms like Palantir, CrowdStrike, and Palo Alto Networks as critical players in a volatile market environment.
Sensex Plunges 1,900 Points as Iran Conflict Boosts Oil Prices Above $110
March 9, 2026, 12:27 AM EDT. India's equity markets opened sharply lower on Monday, with the Sensex falling nearly 1,900 points and Nifty dropping below 23,900 amid escalating geopolitical tensions in West Asia. The Iran conflict has driven Brent crude oil prices to over $110 per barrel, the highest since July 2022, raising fears of inflation and pressure on the Indian rupee. The surge in oil prices, triggered by potential supply disruptions in the Strait of Hormuz and production cuts by Iraq, Kuwait, and Qatar, has rattled investors. India's status as the world's third-largest crude oil importer adds to economic concerns, as the conflict fuels market volatility and risk aversion.
Indian Markets Tumble as Crude Oil Prices Surge 25%, Nifty Drops 582 Points at Open
March 9, 2026, 12:26 AM EDT. Indian share markets opened sharply lower Monday with the Nifty 50 falling 582 points (-2.38%) and the BSE Sensex dropping 1,862 points (-2.36%) amid a 25% surge in crude oil prices to $116 per barrel. The spike, driven by ongoing conflict in Asia, stoked inflation worries and raised concerns over economic growth. Heavy institutional selling and a weakening rupee compounded market losses. Sectors tied to oil derivatives such as paints, aviation, and autos faced intense pressure, while PSU banks, media, and financial services also saw steep declines. Experts warned domestic fuel and cooking gas prices are expected to rise, intensifying inflationary pressures given India's reliance on oil imports. Market analysts emphasized critical support levels for the Nifty and cautioned about risks of further downside amid uncertain global conditions.
Harvest Meta Enhanced High Income Shares ETF (METE:CA) Trading Signals and Analysis
March 9, 2026, 12:25 AM EDT. Updated AI-generated trading signals for Harvest Meta Enhanced High Income Shares ETF (METE:CA) as of March 9, 2026, advise a long position near 9.19 CAD, targeting 10.59 with a stop loss at 9.14. Conversely, a short position near 10.59 CAD is suggested, with a target of 9.19 and stop loss at 10.64. Short-term ratings indicate a strong buy, whereas mid and long-term ratings remain neutral. Investors are encouraged to monitor these levels closely and consider the risk management parameters outlined in the stop losses.
Singapore Stocks and Gold Prices Drop Amid Middle East Crisis and Rising Oil Costs
March 9, 2026, 12:18 AM EDT. Singapore's Straits Times Index slid 2.9% to 4,707.41 on March 9 as the Middle East conflict escalated, pushing oil prices above US$100 a barrel. Key sectors like aviation and shipping suffered, with Singapore Airlines down 4.21% and Yangzijiang Shipbuilding off nearly 5%. Oil-related stocks fared better, though Sembcorp Industries declined 1.75%. Local banks DBS, OCBC, and UOB dropped over 2%. Gold prices fell below US$5,100 per ounce, pressured by a stronger dollar and inflation worries amid Federal Reserve rate expectations. Despite recent volatility, gold remains up nearly 18% year-to-date. The ongoing crisis and tightening energy supplies have heightened inflation fears, complicating global interest rate outlooks and weighing on Singapore's market performance.
Mideast Conflict Dampens Hong Kong IPO Market Momentum
March 9, 2026, 12:17 AM EDT.Hong Kong's stock market faces pressure as new initial public offerings (IPOs) struggle amid escalating Middle East tensions. Investors are cautious, weighing geopolitical risks before committing capital to fresh listings. This environment slows the early momentum typically seen during IPO debuts in the Asian financial hub. Market watchers note that heightened uncertainty from the conflict undermines investor confidence, affecting trading volume and pricing for new equities. The broader impact on Hong Kong's IPO pipeline remains uncertain as regional instability continues.
Ellington Financial (EFC) Shares Drop; Analysis Suggests Undervaluation
March 9, 2026, 12:16 AM EDT. Ellington Financial's (EFC) shares closed at $12.03, down 3.1% over the past week and 7.5% in 30 days. Year-to-date losses hit 12.1%, with a slight 0.4% decline over one year. Despite short-term weakness, its three- and five-year returns remain strong at 54% and 33%, respectively. An analysis using the Excess Returns model reveals EFC's estimated intrinsic value at $23.03 per share, signaling a 47.8% discount from the current price, suggesting the stock is undervalued. Analysts expect stable earnings of $1.79 per share and a return on equity of 12.58%, exceeding the estimated cost of equity, indicating potential for excess returns. This points to a possible buying opportunity despite recent market concerns about the company's positioning amid financial sector volatility.
Impact of A$584 Million Equity Raise on PYC Therapeutics ASX:PYC Investors
March 9, 2026, 12:15 AM EDT. PYC Therapeutics raised A$584.14 million through a follow-on equity offering at A$1.50 per share, expanding its ASX-listed share base and extending its funding runway. The capital injection reduces near-term financing risk but causes significant shareholder dilution. PYC's half-year results show lower revenue and improved loss per share, yet the clinical trial progress remains the key catalyst. Wider free float may intensify share price volatility in response to trial outcomes. Valuation estimates for PYC vary widely, reflecting divergent investor views on clinical and commercial success probabilities. The stock trades beyond some estimated values, highlighting uncertainty amid ongoing losses.
Copper Stocks Slide as Citi Flags Short-Term Price Risks Amid Rising Inventories
March 9, 2026, 12:14 AM EDT.Copper stocks extended declines with Luoyang Molybdenum down 6.82%, Jiangxi Copper off 6.25%, and others falling between 5-6%. Citi warns of significant downside risks for copper prices, citing rising inventories and disruptions from the Iran conflict. Copper prices could dip below USD 12,000 per ton amid energy infrastructure issues and weaker growth expectations. Huayuan Securities reported a sharp weekly rise in copper inventories across global exchanges and domestic stockpiles, pressuring prices further. Market focus is on the post-holiday industrial restart and peak season sales impacts, with short-term copper price outlook remaining weak.
U.S. Orders Staff Out of Saudi Arabia as Iran Conflict Escalates and Oil Surges Past $110
March 9, 2026, 12:13 AM EDT. The U.S. ordered non-essential diplomats to leave Saudi Arabia amid escalating Iran war risks, citing threats from missile and drone attacks. Oil prices surged above $110 per barrel, driven by disruptions in the Strait of Hormuz, a key shipping route, and production cuts by UAE, Kuwait, and Iraq. Iran appointed Mojtaba Khamenei as the new supreme leader, raising geopolitical tensions further. The conflict expansion sparked a market sell-off in Asia, with West Texas Intermediate crude jumping 30% to $117 and Brent crude surpassing $118. U.S. Energy Secretary vowed to restore Strait of Hormuz traffic by neutralizing Tehran's threats. Experts warn of a prolonged crisis with wider economic impacts.
Wall Street Veteran Raises U.S. Stock Market Crash Probability Amid U.S.-Iran Tensions
March 9, 2026, 12:12 AM EDT. Ed Yardeni, founder of Yardeni Research, has increased the probability of a U.S. stock market crash this year from 20% to 35%, citing escalating U.S.-Iran tensions as a major risk. The conflict is disrupting global markets, pushing oil prices above $100 per barrel and triggering sharp declines in Asia-Pacific equities. Yardeni also cut the chance of a market "melt-up" to 5%, reflecting concerns over inflation, consumer spending, and Federal Reserve policy challenges. Despite these risks, his baseline forecast remains positive, with a 60% probability of strong U.S. economic growth by year's end and an 85% chance the "Roaring 2020s" continue. However, he warns stagflation could increase the risk of a bear market. The complex geopolitical and economic landscape is intensifying market uncertainty.
Nifty50 dips below 24,000, Sensex loses over 1,700 points amid Middle East tensions
March 9, 2026, 12:11 AM EDT. Indian stock markets opened sharply lower on Monday with the Nifty50 falling below 24,000 points and the Sensex dropping over 1,700 points amid escalating tensions in the Middle East. The conflict has pushed Brent crude oil prices above $114 per barrel, raising concerns about supply disruptions. Foreign investors have pulled nearly Rs 21,000 crore from Indian equities in recent sessions as geopolitical risks weighed on sentiment. Analysts highlight global crude trends, foreign institutional investor flows, and currency movements as key factors to watch this week. Asian markets also took a hit, reflecting broader risk aversion linked to the crisis. Investors brace for continued volatility amid uncertain geopolitical and economic developments.
