--- title: "【TrueZhuo Finance】Trump downgrades threat against Iran; Chinese platform companies summoned for talks" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39469423.md" description: "Trump delayed strikes on Iran's energy infrastructure and claimed to have negotiated with Tehran. Despite Iran's denial of dialogue, crude oil futures plummeted and U.S. stocks rebounded strongly. Beijing summoned 12 platform companies for talks. Xi Jinping urged pilot reforms in the Xiong'an area. Overnight highlights: The three major U.S. stock indices all closed up more than 1% on Monday, recording the largest single-day percentage gain since February 6. Influenced by U.S. President Trump's statement to ease tensions in the Middle East: he announced a five-day delay in the plan to strike Iran's energy infrastructure and promoted constructive dialogue to resolve regional hostilities. Subsequently, the market adjusted in tandem..." datetime: "2026-03-24T03:53:38.000Z" locales: - [en](https://longbridge.com/en/topics/39469423.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39469423.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39469423.md) author: "[真灼财经](https://longbridge.com/en/profiles/1067948.md)" --- # 【TrueZhuo Finance】Trump downgrades threat against Iran; Chinese platform companies summoned for talks Donald Trump has delayed strikes on Iran's energy infrastructure and claimed to have negotiated with Tehran, despite Iran denying any dialogue. Crude oil futures plunged and U.S. stocks rebounded strongly. Beijing summoned 12 platform companies. Xi Jinping urged the Xiongan area to pilot reforms. **Overnight Highlights** All three major U.S. stock indices closed up more than 1% on Monday, recording their largest single-day percentage gains since February 6. Influenced by U.S. President Donald Trump's remarks easing Middle East tensions: he announced a five-day delay to the plan to strike Iran's energy infrastructure and promoted constructive dialogue to resolve regional hostilities. Following this market adjustment, the U.S. dollar weakened against most major currencies; oil prices plummeted about 11%, while gold prices rebounded from a four-month low, significantly narrowing their decline. **International News** Before the U.S. market opened on Monday, Donald Trump announced a five-day delay in implementing strikes against Iran's energy infrastructure and said he had initiated negotiations with Tehran, hinting that the U.S. and Iran might jointly control the Strait of Hormuz. However, Iran denied any such dialogue, stating the war would not end until all sanctions were lifted. Signals of easing Middle East tensions pushed crude oil futures sharply lower, with intraday volatility among the largest in history. The S&P 500 index recorded its biggest gain since February, and the Bloomberg Dollar Index retreated. The head of equity strategy at Citadel Securities predicted that if geopolitical tensions ease, the unwinding of massive short interest could trigger a significant rally in the S&P 500. It is reported that the fund under Trump's son-in-law Kushner grew its assets by nearly 30% last year, supported by funds with government backgrounds from multiple Middle Eastern countries. Federal Reserve Governor Meehan said it is too early to change his expectation of four interest rate cuts this year. The Chicago Fed President believes the Fed could either raise rates or return to a rate-cutting path, depending on Middle East developments. The San Francisco Fed President emphasized maintaining flexibility to respond to risks. Preliminary data shows Japan's largest union secured wage increases exceeding 5% for the third consecutive year, potentially prompting the Bank of Japan to continue raising interest rates in the coming months. The UAE's main natural gas processing plant is reportedly back in operation, though LNG production capacity remains at very low levels due to the inability to export through the Strait of Hormuz. The U.S. Ambassador to the EU warned that the EU could face higher tariffs if it fails to approve the stalled U.S.-EU trade deal. The U.S. Federal Communications Commission has banned imports of all foreign-made consumer-grade routers but will not prevent retailers from continuing to sell, import, or promote router models previously approved through the equipment authorization process. Apple (AAPL.US) will hold its annual Worldwide Developers Conference from June 8-12, where it is expected to unveil a series of crucial artificial intelligence (AI) features. A Morgan Stanley survey shows that consumer purchase intent for iPhones, driven by the Chinese market, hit a survey high, but awareness and willingness to pay for Apple Intelligence weakened. After receiving a large number of redemption requests, Apollo has capped redemptions for one of its large, unlisted private credit funds for retail investors at 5%. Italian Prime Minister Meloni conceded defeat in a judicial reform referendum, marking her first loss in a national election, which could weaken her governing grip. Kim Yo Jong, sister of North Korean leader Kim Jong Un, rejected reported intentions by Japanese Prime Minister Takaichi to hold a summit with Kim Jong Un. Estée Lauder (EL.US) is in talks to acquire Spanish company Puig, aiming to create a beauty giant with annual sales of about $20 billion. **Greater China News** CCTV reported that Beijing summoned 12 platform companies including Trip.com (TCOM.US), JD.com (JD.US), and Kuaishou (01024.HK), informing them of issues related to "involution-style" competition and demanding rectification. Chinese President Xi Jinping urged the Xiongan New Area to take the lead in piloting reforms and promote the implementation of innovative policies in technology, finance, and other fields. The head of China's State Administration of Foreign Exchange said a new batch of Qualified Domestic Institutional Investor (QDII) quotas will be issued soon to better meet domestic residents' needs for cross-border securities investment. China has implemented temporary control measures on refined oil product prices. CCTV cited expert opinions reporting that if international crude oil prices continue to rise sharply later, China may adopt some fiscal and tax support policies. China and Brazil have agreed to ease soybean quarantine requirements, which is expected to alleviate pressure on soybean trade between the two countries. China and the EU held export control talks, agreeing to maintain communication and promote stability in industrial and supply chains. Country Garden (02007.HK) expects to return to profitability in the 2025 fiscal year, mainly benefiting from non-cash gains recorded from the completion of its debt restructuring. Alibaba (BABA.US/9988.HK) plans to launch entry-level laptops and other devices supporting user access to OpenClaw. Sony (SONY.US) is reportedly in talks to sell a majority stake in its home entertainment business to TCL (01070.HK) Electronics for about $1 billion, with an announcement possible as soon as this month. **Commodities & Forex Markets** The Bloomberg Dollar Index fell as Donald Trump delayed strikes on Iran's energy infrastructure and said he was in dialogue with Iran to end the war. Oil prices plunged, recording one of the largest swings ever, after Donald Trump announced a delay in strikes on Iranian energy facilities and claimed to have negotiated with Tehran. Potential signs of easing Middle East tensions boosted market sentiment, narrowing gold's losses and pushing silver higher. **Earnings & Economic Data Focus** Japan February Core CPI YoY (Prev: 2.00%, Forecast: 1.70%) U.S. March S&P Global Manufacturing PMI Prelim (Prev: 51.6, Forecast: 51) Source: Golden Horse Capital Management (Hong Kong) Limited Author: Terry Chow Proofreader: Penny Yang ### Related Stocks - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [81024.HK](https://longbridge.com/en/quote/81024.HK.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [EL.US](https://longbridge.com/en/quote/EL.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [09961.HK](https://longbridge.com/en/quote/09961.HK.md) - [6758.JP](https://longbridge.com/en/quote/6758.JP.md) - [SONY.US](https://longbridge.com/en/quote/SONY.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [PHUN.US](https://longbridge.com/en/quote/PHUN.US.md) - [DJT.US](https://longbridge.com/en/quote/DJT.US.md) - [ABTC.US](https://longbridge.com/en/quote/ABTC.US.md) - [DJTWW.US](https://longbridge.com/en/quote/DJTWW.US.md) - [YANG.US](https://longbridge.com/en/quote/YANG.US.md) - [02007.HK](https://longbridge.com/en/quote/02007.HK.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [HJDD.SG](https://longbridge.com/en/quote/HJDD.SG.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [HTGD.SG](https://longbridge.com/en/quote/HTGD.SG.md) - [TCOM.US](https://longbridge.com/en/quote/TCOM.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [06098.HK](https://longbridge.com/en/quote/06098.HK.md) - [603020.CN](https://longbridge.com/en/quote/603020.CN.md) - [01070.HK](https://longbridge.com/en/quote/01070.HK.md)