HONG KONG, April 1, 2025 /PRNewswire/ -- On 30 March 2025, Fosun International Limited (HKEX stock code: 00656) announced its annual results for the year 2024. During the period, the Group's total revenue reached RMB192.14 billion. Its four core subsidiaries – Yuyuan, Fosun Pharma, Fosun Insurance Portugal, and Fosun Tourism Group – generated a total revenue of RMB134.65 billion, accounting for 70.1% of the Group's total revenue, supported by a solid asset base.

In 2024, the Group's industrial operation profit reached RMB4.9 billion, demonstrating stable operational fundamentals. Excluding one-off effect, the profit attributable to owners of the parent amounted to RMB0.75 billion.

During the period, the Group's overseas revenue grew 6.2% year-on-year, increasing the proportion of overseas revenue to 49.3% of total revenue. Global operations have become a new growth engine for Fosun. The Group's investment in technology innovation amounted to around RMB6.9 billion. It has established more than 20 global technology innovation centers, covering various industries and fields.

In 2024, Fosun's operating cash flow remained healthy and stable. The signed asset divestment amounted to approximately RMB17.5 billion equivalent at the group level, and approximately RMB30.0 billion equivalent at the consolidated level. In November 2024, after an absence of three years, Fosun returned to the offshore USD bond market and successfully issued long duration USD bonds. The international credit rating agency S&P fully recognized the Group's steady improvement in credit matrix, and reaffirmed the BB- rating and a stable credit outlook. 

Guo Guangchang, Chairman of Fosun International, stated, "We believe that the clear strategic focus and robust industrial operational capabilities are the key to driving Fosun's long-term steady development. Looking ahead, we will further deepen our focus on core industries. By leveraging our globalization and innovation capabilities, we believe that we can create long-term, stable value for our shareholders, even in a challenging environment."

Shengli Oilfield leads exploration breakthroughs with theoretical innovation, stimulates cost reduction and efficiency improvements with technological progress, and boosts both quantity and quality enhancements with equipment upgrades, driving shale oil exploration and development in China to new heights.

ZIBO, China, April 1, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation's (HKG: 0386, "Sinopec" or "the Company") announced the discovery of over 140 million tonnes of proven geological reserves of shale oil with technically recoverable reserves of 11.3599 million tonnes at its Shengli Oilfield's Jiyang shale oil national demonstration zone in East China's Shandong province on March 24, 2025. This is the first shale oil field with proven geological reserves of over 100 million tonnes that has been certificated by China's Ministry of Natural Resources.

Shengli Oilfield has developed advanced automated drilling equipment that extracts efficiently, and explored horizontal well optimization and fast drilling technology, and dense cutting combined seam network volume fracturing technology. The average drilling cycle has been reduced from 133 days to 29.5 days, and the drilling cycle of 6,000-meter wells has reached 17.7 days, and the single well production capacity has continued to set new records.

"Through 150,000 times of indoor experiments, we developed the theory of shale oil enrichment in continental fault lake basins, reshaping the traditional common understanding that shale oil can only be enriched and mobilized when its maturity is higher than 0.9%," shared Liu Huimin, Vice President and Chief Geologist of Sinopec Shengli Oilfield Branch. "With the support of this theory, the amount of shale oil resources in Jiyang has tripled after re-evaluation."

Shengli Oilfield has tackled challenges of high temperature, pressure, and leakage in shale oil development. By advancing reserve-fracture-pressure theories, developing full-cycle 3D technologies, and building an integrated geological engineering platform, it expanded shale oil development from three to seven layers, addressing extraction efficiency and maximizing resource recovery.

Sun Yongzhuang, Assistant to President of Sinopec Group and Managing Director of Shengli Petroleum Administration Bureau Co., said estimated shale oil resources in Shengli Oilfield have reached 10.5 billion tonnes, equivalent to the conventional oil and gas resources recovered during the past  60 years in China. "After more than 10 years of continuous research and innovative breakthroughs, Shengli Oilfield is expected to add 80 million tonnes of proven reserves this year through the integrated promotion of exploration and development," Mr. Sun said.

Sinopec is ramping up its shale oil exploration and development efforts, achieving key breakthroughs in multiple areas. In January 2021, the Company tested a high-yield shale oil and gas well at the Fuling shale gas field in Chongqing, with shale oil production surpassing 30,000 tonnes for the first time in 2024. By December 2021, Sinopec identified a favorable area of 420 square kilometers in the Qintong Depression of the Northern Jiangsu Basin, with shale oil resources totaling 350 million tonnes. In July 2022, a Northern Jiangsu Basin well yielded more than 30 tonnes of oil and 1,500 cubic meters of natural gas daily, activating 1.1 billion tonnes of shale oil resources. Sinopec's 2024 shale oil production reached 705,000 tonnes, up 308,000 tons year-over-year.

Jia Chengzao, an Academician with the Chinese Academy of Sciences and an expert in petroleum and structural geology, said shale oil is a key resource for boosting and stabilizing domestic crude oil production, commenting, "Proven reserves are the core indicator supporting current production. In January, the Ministry of Natural Resources issued specifications for estimating oil reserves in shale formations, marking a new stage of normalization and standardization in China's shale oil resource management."

For more information, please visit http://www.sinopec.com/listco/en/.

香港和上海2025年4月1日 /美通社/ -- 2025年4月1日，復星國際有限公司（香港聯交所股份代號：00656，簡稱「復星國際」）及其附屬公司（統稱「復星」或「集團」）在上海舉行2024年度業績發佈會。針對投資者關心的盈利問題，復星國際董事長郭廣昌直接回應，認為今年的財務調整並非由於復星自身的運營不力或市場競爭力下降導致，而是一次性賬面價值調整的影響，並不影響復星的正常運營和核心產業的穩定發展。

他表示，剔除了菜鳥項目帶來的賬面影響，復星產業運營利潤和經營性現金流一直保持健康穩定。當然管理層要繼續努力，未來要保持公司持續穩定發展。

郭廣昌表示，2024年，復星一直在推進「瘦身健體、有進有退、進退平衡」戰略，這一年推動復星旅文和復宏漢霖的私有化，其中復宏漢霖被小股東否決有些遺憾，但也很感謝小股東，說明他們對復宏漢霖充滿信心。

「復宏漢霖是復星最具未來想像力的企業，我們有信心看到復宏漢霖未來出現百億美元銷售的產品，它是復星未來的『珠穆朗瑪峰』，戰略制高點，我們會全力支持。復星一直注重創新，注重有成長潛力的企業和產品。我們講『有進有退』，退的是重資產項目和一些非核心產業，進的是有巨大想像力和廣闊成長空間的創新產業。」郭廣昌說。

談及當前世界格局變化時，郭廣昌談到，地緣政治對所有企業都有影響，躲也躲不過去，關鍵是如何面對，最好的辦法就是打造全球化能力。十多年來，復星持之以恆進行全球化能力建設，今天越來越感受到全球化能力帶來的回報。2024年復星國際49.3%的收入來自海外。復星的全球化，一方面是推動中國企業、中國優勢產業走出去；另一方面，復星投資的海外企業本身在全球拓展，像葡萄牙保險目前已有29.8%收入來自葡萄牙以外市場，國際業務利潤貢獻佔比超過50%。

對於復星未來的目標，郭廣昌表示，復星會繼續退出一些重資產項目，降低財務槓桿，保持「有進有退，進退平衡」，同時繼續深化產業運營。目前復星產業運營利潤約人民幣49億元，希望未來能翻番，達到100億。這意味著未來要持續推動經營利潤上升，這是可以期待的。

「復星的整個戰略調整會有陣痛，不容易，需要有戰略定力，需要時間一步步驗證。復星一直在說要做對的事、難的事，我們會堅持做下去。」郭廣昌說。

3月30日，復星國際公佈2024年度業績，總收入人民幣1921.4億元，產業運營利潤人民幣49億元，歸屬於母公司股東之虧損約為人民幣43.5億元，主要由於調整所投菜鳥項目的賬面價值所致。復星國際CFO龔平表示，復星投資菜鳥實現內部收益率（IRR）約為34%。剔除該因素影響，2024年度歸屬於母公司股東之利潤約為人民幣7.5億元。

復星管理層在業績會上表示，對復星今年淨利潤很有信心，未來會致力於逐步提升盈利水平。未來幾年內，在全球化深度經營方面，要逐步提升海外收入比重；集團有息負債水平要從現在的人民幣800多億元力爭逐步下降到人民幣600億元；產業運營利潤乃至歸母淨利潤目標爭取達到人民幣100億元；同時不斷提升經營能力，努力達到「投資級」評級。

BEIJING, April 1, 2025 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") officially disclosed the Company's operating revenue in accordance with International Financial Reporting Standards (IFRS) on March 23, hitting 3.07 trillion yuan (USD 422.739 billion) with profit attributable to shareholders amounting to 48.94 billion yuan (USD 6.74 billion) and earnings per share reaching 0.404 yuan.

Sinopec stresses shareholder returns and has implemented a return-oriented action plan with enhanced quality and efficiency, a dividend return plan for shareholders in the next three years, and its first-ever market value management strategy. It is expected that a cash dividend of 0.286 yuan per share (including tax) will be paid for the whole year of 2024, which, when combined with the repurchase amount, will result in an annual payout ratio of 75 percent.

In 2024, Sinopec reported record highs in terms of oil and gas equivalent production, crude oil processing volume, kerosene production, and domestic oil and gas reserve replacement rate:

• Produced 515.35 million barrels of oil and gas equivalent, 1,400.4 billion cubic feet of natural gas, up 4.7 percent year-on-year, and hit record high of natural gas industry chain profit;
• Produced 254 million barrels of crude oil, up 0.9 percent year-on-year with domestic oil and gas reserve replacement rate reaching 144 percent;
• Processed 252 million tonnes of crude oil, a year-on-year increase in kerosene production of 8.6 percent;
• PX production hit record high; the annual ethylene output was 13.47 million tonnes, and the total sales volume of chemical products was 83.45 million tonnes, of which the export volume increased by 13.1 percent year-on-year;
• The total sales volume of refined oil products reached 239 million tonnes.

As a service provider of fuel, natural gas, hydrogen, electricity and non-fuel business, Sinopec responds to market changes and gives full play to its integration and network advantages, building over 1,000 LNG/CNG refueling stations and over 10,000 battery charging and swapping stations. Pushing forward the steady development of hydrogen mobility, Sinopec is also exploring the domestic and international low-sulfur marine fuel market and has the second highest marketing volume of marine fuel in the world.

Sinopec is also vigorously promoting the integration of sci-tech innovation and industrial innovation. It has put into operation the world's first cyclohexene esterification hydrogenation unit for producing cyclohexanone and digital twin-based smart ethylene factory, also completed China's first factory-scale seawater to hydrogen production demonstration project. Throughout 2024, Sinopec applied for 9,666 domestic and foreign patents, and 5,550 were authorized.

In addition, Sinopec is responding to climate challenges with concrete actions; it's carrying out the second phase of the green enterprise action program and launched the 10,000 PV Sites initiative. The annual carbon capture volume has increased 20.1 percent year-on-year, and methane recovery increased by 9.4 percent. It has lowered comprehensive energy consumption per 10,000 yuan of production output by 4.9 percent year-on-year. With the rapid development of emerging industries such as hydrogen energy, biofuels, CCUS and more, Sinopec has established 11 hydrogen fuel cell supply centers in China and successfully developed the "Beijing-Shanghai Hydrogen Transportation Corridor."

"In 2025, as China's economy rebounds, Sinopec will have a broader space for transformation and upgrading. We will anchor on high-end, high-quality, intelligent and green development, while steadily carrying out green and low-carbon transformation, fulfilling corporate social responsibilities, and joining hands with global stakeholders to promote the sustainable development of the Company, creating greater values for the shareholders and society," said Ma Yongsheng, President of Sinopec.

For more information about Sinopec, please visit http://www.sinopec.com/listco/en/.

HONG KONG, April 1, 2025 /PRNewswire/ -- The Board of Directors (the "Board") of China High Speed Transmission Equipment Group Co., Ltd. (the "Company", Stock Code: 0658.HK, together with its subsidiaries, the "Group") today announced that its wholly-owned subsidiaries, Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd. ("Nanjing Drive"), Nanjing Handa Import and Export Trade Co., Ltd. ("Nanjing Handa") and Nanjing Shengzhuang Supply Chain Co., Ltd. ("Nanjing Shengzhuang", together with Nanjing Drive and Nanjing Handa, the "Relevant Subsidiaries"), issued a writ of summons (HCA 656/2025) in the High Court of Hong Kong on 31 March 2025.

The Legal Proceedings

The action is brought against the following defendants (the "Defendants"):

(1)  Fang Jian (former Executive Director of the Company and former Legal Representative of the Relevant Subsidiaries),

(2)  Fullshare Holdings Limited ("Fullshare", Stock Code: 0607.HK),

(3)  Five Seasons XVI Limited, a wholly-owned subsidiary of Fullshare,

(4)  Ji Changqun (Chairman and Executive Director of Fullshare),

(5)  16 other companies (the "Counterparties") which are counterparties to certain agreements for the sale and purchase of commodities (the "Agreements"), and

(6)  10 other individuals who were Fullshare personnel improperly involved in the administration, financial management and contract approval of the Relevant Subsidiaries.

The claim is based on the alleged wrongful conduct of the Defendants, which resulted in the loss of RMB 6.64 billion (the "Relevant Amounts") of the Relevant Subsidiaries.

The legal action reflects the Group's commitment to safeguarding the interests of all shareholders, particularly minority shareholders, in light of potential unlawful activities by the Defendants.

"Our Board takes this matter very seriously and has taken decisive steps to protect the Group's interests and uphold our obligations to shareholders," said Hu Jichun, Chairman of the Group. "We are duty-bound to rectify any misconduct that undermines corporate governance and shareholder value. We will pursue all necessary legal remedies to ensure accountability and transparency."

Key Considerations

As of 31 October 2024, receivables and pre-payments due to the Relevant Subsidiaries under the Agreements totaled approximately RMB 6.64 billion. 

Demand letters were sent to the Counterparties, which were not properly answered. Amongst the limited replies received, the Counterparties claimed that amounts owed were transferred to third parties following instructions from the Relevant Subsidiaries.

The Relevant Subsidiaries have reported to the authorities in the PRC, which have, after vetting, initiated formal criminal investigation into suspected embezzlement and misappropriation of the Relevant Subsidiaries' funds and assets by individual(s) in position(s) of authority.

Whilst the details surrounding the Relevant Amounts are still under independent investigation and formal criminal investigation, the Company and the Relevant Subsidiaries have been advised of the following:

• Meeting minutes, commercial records and communication records of the Relevant Subsidiaries indicate that Fullshare personnel, reporting to Ji Changqun, were improperly involved in the decision-making and management of the trading business of the Relevant Subsidiaries for which the Agreements were signed.
• According to Nanjing Drive's employees interviewed and financial records reviewed, Fullshare's financial personnel and accountants directly handled various payments between the Relevant Subsidiaries and the Counterparties;
• Financial records of the Relevant Subsidiaries were recovered from Fullshare's premises at Fengsheng Science Park in December 2024, after repeated demands from the current management of Nanjing Drive, demonstrating the potential control of Fullshare over the financials of the Relevant Subsidiaries;
• There existed a parallel contract approval procedure of the Relevant Subsidiaries where former legal counsel and other former or current executives of Fullshare were substantively involved;
• Crucially, public company search records show that certain Counterparties, which received the funds of the Relevant Subsidiaries, could be related to Ji Changqun or Fullshare. Nanjing Drive's current and former employees also indicated that the Counterparties are indirectly connected to Fullshare; and
• Fang Jian was responsible for the operation and management of the Relevant Subsidiaries when the Agreements were executed. Fang Jian also oversaw the management and approval of the company seal for these subsidiaries at the relevant time.

In view of the above, the Relevant Subsidiaries have started to pursue the Defendants named in the legal action for the Relevant Amounts. Further defendants may be added to the proceedings as the investigations progress.

Actions taken

Upon discovering the Agreements, the Board promptly formed an Independent Investigation Committee to oversee an investigation into the matter. An independent investigative consultant was engaged and is expected to deliver a preliminary report of its findings by mid-May.

The Board and the Group have reiterated their unwavering commitment to strengthening the Group's internal controls and have to date implemented interim remedial measures, including:

• Enhanced oversight and control of commodities trading operations
• Streamlined cash flow controls and inventory management
• Optimized senior management roles to ensure robust corporate governance
• Heightened management oversight and compliance

- END -

About the Group

China High Speed Transmission Equipment Group Co., Ltd. (Stock Code: 0658.HK, together with its subsidiaries, the "Group") operates as a professional corporation principally engaged in the manufacture of high-speed and heavy-duty gears. The Group was established in 1969 and listed in Hong Kong in 2007. The Group's "NGC" brand is famous in the PRC market and well established in the international market. Its business is focused on wind energy gearboxes, rail vehicle gearboxes, industrial gearboxes, robot reducers and new energy vehicle gearboxes. For more information, please visit www.chste.com.

US Commerce Secretary Howard Lutnick said that he may suspend promised Chips Act subsidies, as companies wishing to receive federal subsidies are required to commit to substantial expansion in US projects first, Bloomberg quoted sources as saying.

Lutnick reportedly wanted subsidized companies to follow the footsteps of TSMC (TSM.US), which recently announced it would invest an additional US$100 billion in US factories, after committing to invest US$65 billion.

Lutnick's goal is to make tens of billions of dollars in additional chip investment commitments without increasing the size of federal subsidies.
~



AAStocks Financial News
Web Site: www.aastocks.com

香港2025年4月1日 /美通社/ -- 中國高速傳動設備集團有限公司（「公司」，港交所股票代號：0658，連同其附屬公司統稱「集團」）董事會（「董事會」）今日宣佈，本公司全資附屬公司南京高精傳動設備製造集團有限公司（「南京傳動」）、南京翰達進出口貿易有限公司（ 「南京翰達」）及南京市盛裝供應鏈有限公司（「南京盛裝」，與南京傳動、南京翰達統稱「相關附屬公司」）已於2025年3月31日在香港高等法院發出傳訊令狀（高等法院訴訟2025年第656號）進行起訴。

法律訴訟

本次訴訟針對以下被告（「被告」）：

(1)  房堅（本公司前執行董事及相關附屬公司前法定代表人），

(2)  豐盛控股有限公司（「豐盛」，港交所股票代號：0607），

(3)  豐盛全資附屬公司Five Seasons XVI Limited，

(4)  季昌群（豐盛董事長兼執行董事），

(5)  16家相關商品買賣協議（「相關協議」）的交易對手方公司（「交易對手方」），及

(6)  10名不當參與了相關附屬公司行政、財務管理和合同審批的豐盛人員。

本次訴訟基於被告的涉嫌不當行為，導致相關附屬公司損失人民幣66.4億元（「相關款項」）。

本次法律行動反映了集團在面對被告可能存在違法行為時，致力維護全體股東，尤其是小股東的合法權益。

本集團董事長胡吉春表示：「董事會對此事高度重視，並已採取果斷行動保護集團利益，履行對股東的義務。 我們有責任糾正任何損害公司治理及股東價值的不當行為，並將採取一切必要法律措施追究責任，確保企業治理規範透明。」

主要因素

截至2024年10月31日，相關協議項下應付給相關附屬公司的到期應收款項及預付款項總額約為人民幣66.4億元。

本公司已向交易對手方發出催款函，但未獲妥善回應。 在有限的回復中，交易對手方聲稱相關款項已根據相關附屬公司的指示，轉至第三方。

相關附屬公司已向中國大陸警方報案，警方審查後已就該案刑事立案，就公司資金及資產涉嫌被職務侵佔及挪用進行正式調查。

儘管涉訴相關款項的具體情況仍在獨立調查和刑事偵查中，本公司及相關附屬公司已被告知以下信息：

• 相關附屬公司的會議紀要、業務記錄和通訊記錄顯示，向季昌群滙報的豐盛人員不當參與了相關附屬公司貿易業務的決策和管理，而相關協議為貿易業務的一部分;
• 根據對南京傳動員工的訪談及財務記錄核查，豐盛的財務及會計人員直接處理了相關附屬公司與交易對手方之間的資金調撥;
• 2024年12月，南京傳動現任管理層在多次要求後，最終從豐盛科技園的豐盛辦公室取回了相關附屬公司的財務記錄，顯示豐盛可能控制了相關附屬公司的財務管理;
• 相關附屬公司有一套平行的合同審批程式，豐盛前法務顧問及其他現任或前任高管實質性參與其中;
• 尤為關鍵的是，公開工商登記信息顯示，部分收取相關附屬公司款項的交易對手方可能與季昌群或豐盛存在關聯; 此外，南京傳動現任及已離職員工亦指認交易對手方與豐盛存在間接聯繫; 及
• 房堅在相關協議簽訂時負責相關附屬公司的運營管理，且在有關期間負責及監督相關附屬公司的用印審批。

基於上述情況，相關附屬公司已經展開訴訟，向被告追討涉訴相關款項。 隨著調查推進，後續或將在訴訟中追加其他被告。

已採取的行動

發現相關協議後，董事會已成立獨立調查委員會，全面調查相關事項。 獨立調查委員會已聘請獨立調查顧問開展調查，預計於五月中旬提交初步調查發現。

董事會以及集團已表明堅定決心加強內控，並已實施以下臨時整改措施，包括：

• 加強對商品貿易業務的監督與管理;
• 簡化現金流控制和庫存管理;
• 明確高級管理層職責，以確保穩健的企業管治; 及
• 加強管理監督與合規性。

- 完 -

關於集團

中國高速傳動設備集團有限公司（港交所股票代號：0658，連同其附屬公司統稱「集團」）是一個以專業生產高速重載齒輪為主的大型企業集團。 集團創建於1969年，並於2007年在香港上市。 旗下品牌「NGC」是中國名牌及江蘇省重點培育和發展的國際知名品牌，下轄業務：風電齒輪箱、軌道車輛齒輪箱、工業齒輪箱 、機器人減速機、新能源汽車齒輪箱。 欲瞭解更多資訊，敬請訪問：www.chste.com。

With escalating global uncertainties, the Hong Kong stock market showed a volatile trend in March, BOCOMI opined in its report. After a strong rise in February, the upward momentum of Hong Kong stocks weakened in March, with the HSTECH entering a technical adjustment phase, yet it still led major global indices YTD. Earnings expectations remained relatively cautious as valuations of leading internet stocks had largely recovered.

Meanwhile, southbound funds continued to show net inflows. With funds experiencing periodic divergence and the long-short game intensified, Hong Kong stocks have shifted from a unilateral rise to a volatile trend.

In terms of industry style allocation, BOCOMI suggested focusing on "high flexibility + high dividends". In the tech innovation sector, the broker was upbeat about Hong Kong's AI and internet sectors (especially with the push from Chinese-made foundation models like DeepSeek) creating a valuation restructuring window for AI infrastructure providers, cloud computing service providers, and AI application-related targets. It recommended focusing on leading companies with technical accumulation and commercialization capabilities.

In addition, the semiconductor industry chain also merits attention. Particularly, the accelerated localization process of the industrial chain has highlighted opportunities for mainland chip design companies with import substitution potential.

The report also mentioned that adjustment risks triggered by hedging sentiment should not be ignored with recent overseas volatility remaining significant. BOCOMI suggested using high dividend sectors as a defensive base, while paying attention to sectors like power utilities, telecom operators, and banks, which have stable cash flows and attractive dividend yields.

BOCOMI listed its stock picks for April, including LINK REIT (00823.HK), BABA-W (09988.HK), JD-SW (09618.HK), MENGNIU DAIRY (02319.HK), XPENG-W (09868.HK), SIMCERE PHARMA (02096.HK), REMEGEN (09995.HK), and JNCEC (00579.HK).
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AAStocks Financial News
Web Site: www.aastocks.com

U.S. White House Press Secretary Karoline Leavitt confirmed that U.S. President Donald Trump will unveil reciprocal tariffs targeting specific countries on Wednesday. On the news, U.S. stocks experienced a bumpy ride on Monday, initially plunging before staging a late recovery.

The Nasdaq briefly busted below 17,000, tumbling as much as 468 points, but closed down just 23 points or 0.1% at 17,299. The DJIA, after an early plunge of 435 points, rebounded strongly to close up 417 points or 1% at 42,001. The S&P 500 hit a six-month low during the day but ended with a gain of 30 points or 0.6%, finishing at 5,611.

Tesla (TSLA.US) saw its stock drop 1.7% after a fire at its Rome, Italy store destroyed 17 vehicles, an incident founder Elon Musk labeled as a terrorist act. NVIDIA (NVDA.US), Amazon (AMZN.US), and Microsoft (MSFT.US) also subsided by approximately 1% each.

The 1Q25 concluded with the Nasdaq logging a cumulative slump of over 10%, marking its steepest quarterly correction since 2Q22. The S&P 500 slid 4.6% in aggregate for the quarter, snapping a five-quarter winning streak, while the DJIA shed 1.3% in total.

For the full month of March, the S&P 500 slipped by about 6%, its worst monthly performance since December 2022, while the Nasdaq plummeted 8.2% and the DJIA dived 4.2% in combined.
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AAStocks Financial News
Web Site: www.aastocks.com

Apple (AAPL.US)'s personal intelligent system, Apple Intelligence, started supporting multiple new languages on Monday, expanding its availability to all regions globally, including Chinese (Simplified), Japanese, Korean, French, German, Italian, and Portuguese (Brazil), among others.

At the same time, Apple Intelligence features have extended to the EU region. EU-based iPhone and iPad users can access an initial feature set in American English through Apple Vision Pro, helping users communicate, collaborate, and express themselves in entirely new ways.
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AAStocks Financial News
Web Site: www.aastocks.com