Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes 
U.S. Stock Futures Surge After WSJ Report on Trump's Iran War Exit Strategy 
Oil Prices Dip as Trump Eyes Iran De-escalation, Hormuz Closure Persists 
U.S. Dollar Posts Strong Monthly Gain Amid Middle East Conflict Despite Late Dip 
China Manufacturing PMI Hits 12-Month High Amid Energy Price Concerns 
Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected 
Australia Bans Card Payment Surcharges Starting October 2025 
U.S. Trade Rep Dismisses WTO's Future Role After Failed Cameroon Summit 
Dollar Surges to Nine-Month High as Middle East Tensions Drive Safe-Haven Demand 
South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand 
South Korea's Exports Hit Record High in March on AI-Driven Chip Demand 
Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying 
Asian Stocks Mixed in March 2026 Amid Iran War Fears and Tech Selloff 
Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict 
Gold Prices Rebound But Head for Worst Month Since 2008 Amid Iran War Uncertainty 
Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms 
South Korea's $17.3 Billion Emergency Budget Targets Oil Price Surge 
NIO Inc. Shares Spike on Macquarie Upgrade and Promising Sales Growth
Chinese electric vehicle maker NIO Inc. saw a significant 12.2% surge in Hong Kong trading, reaching HK$46.60 after a Macquarie upgrade from "Neutral" to "Outperform." The stock mirrored a 10.5% overnight jump in NIO’s American Depository Receipts, buoyed by optimism for the company’s third-quarter earnings and an upbeat outlook for the fourth quarter.
Macquarie’s Higher Price Target
Macquarie’s revised target price for NIO rose to HK$65 from HK$52, based on expected strong quarterly earnings and elevated sales forecasts. The firm anticipates that NIO’s fourth-quarter performance will benefit from accelerated sales of its latest mass-market model, the ONVO L60, which launched this year to rival Tesla’s Model Y.
Record Deliveries Amid Competitive Market
Despite a competitive landscape and price pressures, NIO recorded record deliveries of 61,855 vehicles in the third quarter. The ONVO L60 has driven significant sales volumes since its September launch, positioning NIO to continue expanding its market share in the electric vehicle sector.
