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Economic Watch: Global oil value surge, market turmoil — financial fallout of U.S.-Israel strikes on Iran

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Economic Watch: Global oil value surge, market turmoil — financial fallout of U.S.-Israel strikes on Iran

The present market volatility highlights escalating issues over the long-term structural harm brought on by the U.S.-Israel strikes on Iran.

BEIJING, March 9 (Xinhua) — The strikes launched by the United States and Israel in opposition to Iran have triggered a pointy spike in world oil costs, thereby sending shockwaves throughout the share market and including to world financial instability.

U.S. crude oil costs surged quickly over the 100-U.S.-dollar threshold within the wake of rounds of strikes, hitting their highest level for the reason that onset of the Ukraine disaster in 2022. The value for Brent crude was buying and selling at 114.78 {dollars} a barrel and U.S. benchmark crude shot to almost 114.00 {dollars}. Both had been greater than 20 % above their closing costs on Friday.

The newest value hikes cap a unstable week that noticed U.S. crude soar by 36 % and Brent climb 28 %. Markets are reacting to intensifying issues that ongoing U.S.-Israel navy strikes on Iran threaten to cripple regional oil output and choke off important delivery routes.

Key components embrace the blockade of the Strait of Hormuz, an important chokepoint for world oil commerce, and manufacturing cuts from main oil exporters like Iraq, Qatar, Kuwait, and the UAE, brought on by restricted storage and refining capability. Kuwait’s National Petroleum Company has already introduced manufacturing cuts as a result of ongoing safety threats and disruptions to delivery.

Despite efforts by different nations to spice up provide, analysts predict that the oil market will proceed dealing with important shortages, with geopolitical danger premiums anticipated to remain elevated. This surge in oil costs provides additional pressure to a struggling world financial system.

Surging oil costs have triggered turbulence throughout world monetary markets, sending main stock indices into sharp decline. In Asia, the Tokyo Stock Exchange noticed heavy losses on Monday, with the Nikkei 225 plunging over 7 %. The South Korean stock market additionally suffered, with the KOSPI 200 futures index falling by greater than 6 %, triggering a brief halt to automated promoting.

European markets confronted a parallel selloff as panic unfold throughout the continent, with EUROSTOXX 50 futures and DAX futures each sliding 3.2 %, and FTSE futures dropping 1.7 %.

In the United States, stock markets reacted with notable volatility, as S&P 500 futures shed 2.1 % and Nasdaq futures dived 2.5 %. Investors are more and more involved that the surge in oil costs will result in greater manufacturing prices and rising inflation, which might additional undermine financial progress because the restoration from the pandemic stays fragile.

The present market volatility highlights escalating issues over the long-term structural harm brought on by the U.S.-Israel strikes on Iran. With the worldwide financial system nonetheless precarious, this escalation dangers stalling nascent restoration traits, creating ripple results that may resonate nicely outdoors the Middle East.

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India-Japan joint train Dharma Guardian 2026 culminates

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India-Japan joint train Dharma Guardian 2026 culminates

Chaubattia (Uttarakhand) [India], March 9 (ANI): The seventh version of the India-Japan Joint Military Exercise Dharma Guardian 2026 was performed on the Foreign Training Node, Chaubattia, Uttarakhand, from February 24 to March 8.

The annual train, held alternately in India and Japan since 2018, is a vital aspect of India-Japan defence cooperation and assumes added significance in view of shared safety challenges and the evolving panorama of world terrorism.

The closing ceremony was held yesterday, marking the profitable fruits of intensive joint coaching between the Indian Army and the Japan Ground Self-Defense Force (JGSDF). The train strengthened the deepening strategic partnership between India and Japan and reaffirmed the shared dedication of each nations in direction of regional peace, stability, and enhanced defence cooperation.

Over the course of the train, troops from each armies skilled collectively to strengthen interoperability and improve joint operational functionality, with a deal with counter-insurgency and counter-terrorism operations, city warfare, and fight drills in complicated terrain.

The coaching facilitated the trade of greatest practices, operational procedures, {and professional} expertise, whereas bettering bodily health, firing expertise, and fieldcraft. The train additionally fostered sturdy bonhomie via significant interplay and publicity to one another’s customs and traditions.

A key spotlight of Dharma Guardian 2026 was Exercise ASAHI SHAKTI, performed because the Validation Exercise to check the requirements achieved throughout joint coaching.

The validation part comprised a 48-hour area train based mostly on a simulated operational situation within the Chaubattia area, whereby joint forces performed operations in opposition to terrorists. The train included terrain evaluation, institution of a Company Operating Base, intelligence gathering via patrols and ambushes, execution of cordon and search operations, particular heliborne operations, room intervention, and hostage rescue drills.

Modern surveillance applied sciences, together with drones, had been employed to reinforce situational consciousness, coordination, and operational effectiveness.

The closing ceremony was attended by Major General Tsunehiro Yanagida, Vice Commanding General, 1st Division, JGSDF, and Major General Sudhanshu Sharma, SM, VSM, Chief of Staff, Headquarters 14 Corps, representing the Indian Army.

The profitable fruits of Exercise Dharma Guardian 2026 stands as a powerful testomony to the rising India-Japan defence partnership and the shared resolve to cooperate intently in addressing modern safety challenges. (ANI)

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Fujitsu and DT-Axis Collaborate to Advance Digital Health Through SaMD Development – Japan Industry News

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Fujitsu and DT-Axis Collaborate to Advance Digital Health Through SaMD Development – Japan Industry News

Fujitsu Limited and DT-Axis Co., Ltd. have introduced a collaboration to boost digital well being by creating Software as Medical Device (SaMD) options. The partnership goals to help analysis and growth establishments, in addition to medical system and pharmaceutical firms, in navigating regulatory approvals and gross sales processes.

SaMD, which incorporates therapeutic purposes and AI-powered picture diagnostics, is poised to play a vital position in well being promotion, preventive drugs, and therapy. Despite international progress in SaMD growth and approval, Japan faces challenges in establishing a compliant system design and growth framework for commercialization.

To handle these challenges, Fujitsu and DT-Axis will leverage their enterprise experience to help firms and organizations in creating system growth frameworks from preliminary phases by means of post-market upkeep. The collaboration goals to enhance the standard and pace of SaMD growth.

Fujitsu brings its operational experience and system growth know-how in healthcare to the partnership, specializing in programmable medical gadgets and peripheral methods. The firm additionally offers post-sales system operation and upkeep, together with a Healthcare Personal Service Platform for safe administration of private well being info.

DT-Axis, with a observe report in acquiring manufacturing and advertising and marketing approvals, collaborates with Fujitsu to streamline design, growth, and operation processes for programmable medical gadgets. The focus is on approval purposes and gross sales readiness.

Looking forward, Fujitsu and DT-Axis plan to discover the institution of a SaMD distribution platform to help organizations and corporations concerned in SaMD growth. This initiative goals to create an ecosystem that gives complete help from growth to distribution, enhancing public well-being.

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China battles from behind to defeat Japan in FIBA World Cup Qualifying

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China battles from behind to defeat Japan in FIBA World Cup Qualifying

China’s Hu Jinqiu (#21) takes a shot in opposition to Japan in a 2027 FIBA World Cup Qualifying Asian Group B recreation in Okinawa, Japan, February 26, 2026. /VCG

China battled from behind in spirited style in Okinawa on Thursday, overturning a 14point halftime deficit to beat Japan 87-80 and report its first win in Asian Group B in 2027 FIBA World Cup Qualifying.

Japan dominated early as Yuta Watanabe picked his spots and China’s protection repeatedly discovered itself in foul hassle, sending the house facet to the free throw line 14 occasions within the first quarter. The Japanese crew led 21-11 after a sloppy opening interval, earlier than momentarily extending the margin to as many as 15 factors.

The hosts took a 47-33 lead into the locker room regardless of transient sparks from Chinese guard Liao Sanning, who created alternatives off the dribble and in transition.

Everything that went incorrect for China within the first half appeared to go proper after the intermission. The guests sharpened their protection with aggressive switching and tighter perimeter strain, forcing turnovers and producing offensive rhythm. A 13-0 run flipped the script because the guests outscored Japan 25-9 within the third quarter and entered the ultimate interval holding a 58-56 edge.

The fourth quarter was scrappy. Zhu Junlong hit a pivotal nook three, whereas Zhao Rui attacked the rim earlier than later fouling out on an offensive cost. Tensions flared on the sideline after a number of technical and unsportsmanlike fouls had been known as in opposition to China.

Japan closed the hole on the line, however Hu Jinqiu’s consecutive buckets and key block, together with a clutch threepoint play from Zhao Jiwei, steadied the visiting squad and helped seal the victory.

Five Chinese gamers reached double figures. Hu led with 20 factors and 12 rebounds, whereas Liao added 16 factors and 5 assists, with Zhao Jiwei contributing 14 factors. He Xining tallied 12 factors and Zhao Rui completed with 10.

The win strikes China to 1-2 in Group B and provides the crew recent momentum, forward of Sunday’s highway recreation at Chinese Taipei.

Source: CGTN

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Japanese startup says area rocket launch aborted after takeoff

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Japanese startup says area rocket launch aborted after takeoff

A Kairos rocket is launched at Spaceport Kii in Kushimoto Town, Wakayama Prefecture, March 5, 2026. /VCG

A Japanese startup’s third try and put a satellite tv for pc in orbit failed on Thursday after its rocket spiraled again to Earth shortly after takeoff.

Space One, hoping to turn into the primary personal Japanese agency to place a satellite tv for pc in area, mentioned that what went improper was “under investigation.”

TV footage confirmed the Kairos rocket blasting off from the launch web site within the coastal Wakayama area of western Japan at 11:10 a.m. (0210 GMT) up into the blue sky.

But shortly afterwards, the slim, white 18-meter rocket appeared to expire of energy and head again downwards in a spin.

It was unclear the place it landed.

The Kairos rocket earlier than its launch at Spaceport Kii in Kushimoto Town, Wakayama Prefecture, March 5, 2026. /VCG

Tokyo-based Space One informed a press convention that “no major anomalies” had been recognized throughout the plane itself and the rocket had not deviated from its flight path.

“So it seems reasonable to assume that some issue occurred within the flight interruption system,” the agency mentioned, referring to a security mechanism able to routinely ending the flight.

The rocket was carrying a number of satellites, together with one for a highschool in Tokyo, based on the agency.

The firm’s first launch try led to spectacular failure in March 2024 when the solid-fuel rocket exploded seconds after liftoff.

A second strive began off higher just for the rocket to immediately spiral downwards after engineers terminated the operation due to a technical downside.

The newest launch had been slated to occur on Wednesday, solely to be cancelled on account of one other glitch simply 28.9 seconds earlier than liftoff.

Source: CGTN

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China beats Japan in wheelchair curling combined doubles opener

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China beats Japan in wheelchair curling combined doubles opener

Yang Jinqiao of China reacts throughout the combined doubles Round Robin match between Team Japan and Team China on the Milano Cortina 2026 Winter Paralympic Games in Cortina d’Ampezzo, Italy, March 4, 2026. /VCG

In a compelling begin to the wheelchair curling combined doubles on the Milano Cortina 2026 Paralympic Winter Games, China’s Wang Meng and Yang Jinqiao outclassed Japan’s Aki Ogawa and Yoji Nakajima with a decisive 10-3 victory of their opening round-robin session.

This occasion marks the Paralympic debut of wheelchair curling combined doubles, kicking off the Games two days forward of the official opening ceremony, an thrilling prelude to the festivities.

The Chinese duo showcased their prowess by scoring 4 factors within the third finish, systematically extending their lead and outmaneuvering the reigning world champions with an easy grace that belied the competitors’s depth.

In different matches on Wednesday, hosts Italy secured a 7-5 victory in opposition to the Republic of Korea, Estonia bested Britain 10-7, and the United States claimed a assured 11-6 win over Latvia.

Source: CGTN

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Asian markets fall after crude surge, Japan’s Nikkei and South Korea’s KOSPI tank 7%

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Asian markets fall after crude surge, Japan’s Nikkei and South Korea’s KOSPI tank 7%

New Delhi [India], March 9 (ANI): Asian markets tanked within the opening session on Monday, with Japan’s Nikkei and South Korea’s KOSPI falling round 7 per cent, after crude oil costs surged sharply amid escalating geopolitical tensions in West Asia.

The sharp fall in regional markets got here after crude costs surged greater than 25 per cent on the opening, triggering risk-off sentiment throughout international markets. Crude was buying and selling at USD 115 per barrel on the time of submitting this report, elevating issues amongst traders about inflation and provide disruptions.

Among main Asian indices, Japan’s Nikkei 225 index declined by 7 per cent to the 52010 degree, reflecting heavy promoting stress within the early session. South Korea’s KOSPI index additionally tanked 7.43 per cent to the 5169 degree, as rising oil costs weighed on investor sentiment.

Other Asian markets additionally witnessed declines in the course of the opening commerce. Singapore’s Straits Times index misplaced 2.65 per cent to the 4720 degree, whereas Hong Kong’s Hang Seng index fell greater than 2.46 per cent to the 25095 degree. Meanwhile, Taiwan’s weighted index dropped 5.77 per cent to the 31767 degree.

The sharp decline throughout Asian equities follows a powerful surge in crude oil costs amid escalating tensions in West Asia.

Brent crude costs surged sharply on Monday, rising by greater than 25 per cent amid the continuing battle within the area which has made crude costs bullish. During the buying and selling session, crude costs additionally touched a excessive of USD 119.45 per barrel, reflecting rising issues within the international power market as geopolitical tensions intensify.

West Asia is presently engulfed in a high-intensity, multi-front battle involving Iran, Israel, and the United States. The disaster escalated following coordinated US-Israeli strikes on Iran, which reportedly resulted within the loss of life of Iran’s Supreme Leader, Ayatollah Ali Khamenei.

The developments have considerably raised fears of provide disruptions in international oil markets, which has triggered volatility throughout monetary markets worldwide.

Meanwhile, US markets had already ended final week beneath stress. On Friday, the S&P 500 declined by 1.33 per cent to the 6740 degree, whereas the Nasdaq additionally fell by 1.53 per cent to the 22400 degree.

The spike in crude costs and rising geopolitical tensions have elevated uncertainty in international monetary markets. (ANI)

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Singer Rihanna's LA mansion struck by gunfire: studies

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Singer Rihanna's LA mansion struck by gunfire: studies

Pop famous person Rihanna’s Los Angeles house was hit by gunfire on Sunday after a lady opened hearth on the property whereas the singer was reportedly inside, in line with U.S. media.

The taking pictures erupted after 1 p.m. when a suspect fired roughly 10 rounds from a car throughout the road from the mansion within the Beverly Hills space, the Los Angeles Times reported, citing police.

At least one spherical pierced a wall of the residence, the place Rihanna lives with accomplice A$AP Rocky and their youngsters, native news station KTLA mentioned. The singer was contained in the residence, the studies mentioned.

Rihanna, one of many world’s hottest pop stars, has not publicly commented on the taking pictures.

Officers mentioned the suspect was a lady in her 30s who allegedly fled the scene earlier than being arrested with out incident a short while later. Police recovered a weapon in the course of the arrest, KTLA added.

Investigators are nonetheless figuring out a motive for the assault.

© 2026 AFP

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Markets bleed as crude spikes, Nifty drops 582 pts, Sensex falls 1862 pts at open

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Markets bleed as crude spikes, Nifty drops 582 pts, Sensex falls 1862 pts at open

Mumbai (Maharashtra) [India], March 9 (ANI): The share markets within the nation opened with a massacre on Monday as each benchmark indices declined sharply within the opening session amid an enormous surge in crude oil costs and heavy promoting throughout world markets.

The Nifty 50 index opened at 23,868.05 with a decline of -582.40 factors or (-2.38 per cent), whereas the BSE Sensex opened at 77,056.75 with a decline of -1862.15 or -2.36 per cent, reflecting sturdy promoting stress throughout sectors.

The sharp fall in home equities comes as crude oil costs surged roughly 25 per cent on Monday to USD 116 per barrel amid the continuing battle in Asia, which has raised considerations over inflation and financial progress.

Market specialists stated the rise in crude costs might considerably impression the Indian economic system, given the nation’s excessive dependence on imported oil.

Ajay Bagga, Banking and Market Expert, instructed ANI, ‘Indian markets are seeing an enormous lower within the stock futures represented by the Gift Nifty. The oil value hit to the Indian GDP, Current account deficit and inflation will likely be enormous on condition that India meets greater than 85 per cent of its crude oil necessities from imports.’

He added that the surge in oil costs is prone to lead to greater gasoline costs domestically.

‘We anticipate retail petrol and diesel value hikes. Cooking fuel value was already hiked final week for each customers and business customers. Jet aviation gasoline costs can even go up,’ Bagga stated.

According to him, a number of sectors will face stress attributable to rising oil costs.

‘Sectors like paints, aviation, autos, tyres, chemical substances and all downstream industries utilizing oil derivatives will see additional cuts. However given the liquidity squeeze as we speak, something that may be bought will likely be bought, so anticipate cuts in main counters, even these not correlated to the oil value, together with in gold and silver,’ he added.

Sectorally, heavy promoting was witnessed throughout a number of indices on the NSE. PSU Bank, Media and Financial Services shares noticed the best promoting stress. The Nifty Auto index fell by 2.9 per cent, whereas Nifty Media declined by 2.36 per cent. PSU Bank index dropped 4 per cent, Nifty IT fell by 1.29 per cent, Nifty FMCG declined by 1.38 per cent, and Consumer Durables index misplaced 2 per cent.

Sunil Gurjar, SEBI-registered analyst and Founder of Alphamojo Financial Services, stated ‘The Nifty 50 had a weak week. The index additionally breached the essential 200-EMA, whereas a bearish EMA crossover signifies weak point within the pattern. The fall was primarily pushed by heavy FII promoting, a weakening rupee, and ongoing world battle tensions, which harm market sentiment,’ he stated.

He added {that a} sustained breakout above 24,646 might sign bullish momentum, whereas a breakdown beneath the present assist zone could result in additional draw back within the index. According to him, the second sturdy essential assist will likely be 23850.

The fall in Indian markets additionally comes amid sharp declines throughout different Asian markets. Japan’s Nikkei 225 index declined by 7 per cent to the 52010 stage, whereas South Korea’s KOSPI index tanked 7.43 per cent to the 5169 stage.

Other Asian markets additionally witnessed declines throughout the opening commerce. Singapore’s Straits Times index misplaced 2.65 per cent to the 4720 stage, Hong Kong’s Hang Seng index fell greater than 2.46 per cent to the 25095 stage, and Taiwan’s weighted index dropped 5.77 per cent to the 31767 stage.

Meanwhile, US markets had already ended final week below stress. On Friday, the S&P 500 declined by 1.33 per cent to the 6740 stage, whereas the Nasdaq additionally fell by 1.53 per cent to the 22400 stage. (ANI)

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Fosun International Reports Significant Loss Due to Impairments – Japan Industry News

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Fosun International Reports Significant Loss Due to Impairments – Japan Industry News

Fosun International has issued a revenue warning, projecting a loss attributable to homeowners of the guardian firm of between RMB21.5 billion and RMB23.5 billion for the yr ending December 31, 2025. The loss is primarily because of one-off non-cash impairment provisions and worth revaluations on sure actual property tasks and goodwill of non-core enterprise segments.

The firm attributes the substantial e book loss to the continued downturn in the true property business, which has pressured its actual property enterprise section. Additionally, Fosun has made impairment provisions on goodwill and intangible belongings of sure non-core enterprise segments, reflecting adjustments in market situations.

Despite the impairments, Fosun emphasizes that the changes is not going to influence the corporate’s total operations and money flows. Analysts view the impairments as a prudent monetary measure to clear historic burdens, sustaining that they don’t have an effect on the corporate’s working money flows or long-term funding worth. Fosun’s asset base stays stable, with web belongings nonetheless close to the RMB100 billion degree.

According to Fosun’s 2024 annual report, web belongings attributable to homeowners of the guardian had been RMB118.103 billion as of December 31, 2024. Based on the mid-point of the anticipated loss, web belongings could be roughly RMB95.603 billion after deduction. Even on the higher finish of the loss estimate, web belongings would stay at roughly RMB94.603 billion.

The impairments are primarily concentrated in the true property section and the goodwill of non-core companies. These changes align with Fosun’s technique of streamlining and specializing in core companies. The firm notes that its core belongings have appreciated and realized worth, offsetting the influence of impairments and probably contributing to web asset development.

Fosun’s core enterprise segments, together with prescribed drugs and healthcare, in addition to insurance coverage and finance, delivered robust efficiency in 2025 and have maintained momentum into 2026. In the modern drug section, Fosun’s world market alternatives have expanded, highlighted by a licensing settlement with Pfizer valued at over US$2 billion and a strategic cooperation with Clavis Bio value as much as US$7.25 billion.

In the insurance coverage section, Fosun’s Fidelidade recorded a web revenue of €170 million for the primary three quarters of 2025, a year-on-year improve of 11.7%. Peak Reinsurance reported a web revenue of US$88.8 million for the primary half of 2025. Domestic insurance coverage corporations additionally confirmed substantial development in premium earnings and web revenue for the yr.

In the tourism and tradition section, Fosun’s companies achieved robust outcomes, with Club Med’s resorts in China reporting a 90% occupancy price in the course of the Spring Festival vacation, and Atlantis Sanya recording its greatest efficiency on report with whole income of over RMB124 million.

Fosun’s resolution to acknowledge a considerable one-off non-cash e book loss is seen as a proactive step to clear dangers and advance its technique of specializing in core companies. The firm has additionally signaled confidence by growing share repurchase efforts, planning to repurchase shares value as much as HK$1 billion on the open market.

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