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How the fragile AI ecosystem may be one of the biggest risks to markets this year

The AI ecosystem poses significant risks to markets, according to Scott Helfstein of Global X. Key concerns include the credibility of the Federal Reserve, trade negotiations, geopolitical tensions, and domestic U.S. political issues. A critical risk is the fragility of the AI supply chain, particularly in semiconductors, where Taiwan's dominance and potential disruptions from China are highlighted. Additionally, constraints on AI infrastructure due to energy and material shortages could impact growth. Despite these challenges, some sectors may benefit, and short-term Treasurys could provide market protection.

The night session of futures opened, with fuel oil, crude oil, and low-sulfur fuel oil falling over 2%, and methanol dropping over 1%; while Shanghai silver, corn, and Shanghai zinc rose

Asia Naphtha/Gasoline-Naphtha prices down; South Korean buyer surfaces

Asia’s naphtha prices fell by $4 to $558.75 per ton, influenced by declining crude oil prices and stagnant refining margins. South Korean LG Chem is seeking naphtha for delivery in March and April. Meanwhile, Taiwan’s Formosa has indefinitely extended the shutdown of its oldest cracker due to weak ethylene margins. Singapore's light distillate stocks rose to 25.473 million barrels, while U.S. gasoline stocks increased by 9 million barrels, surpassing expectations. Additionally, China's oil imports from Venezuela are expected to decline starting February due to reduced tanker departures.

The A-shares opened lower and rose higher, with the three major stock indices turning positive. AI applications collectively retreated, the Hang Seng Index fell by 1%, Alibaba slightly declined, Trip.com plummeted by 20%, and Shanghai tin rose by over 7%

The AI application steering wheel has been initially adjusted, with Tianlong Group falling over 10%. Multiple stocks such as InGravity Media, Yanshan Technology, Insai Group, Tianyu Digital Science, and Huichang Technology opened lower. The commercial aerospace concept has been adjusted again, with JuLi Rigging, ShenJian Co., and Haige Communication hitting the limit down, Xinghuan Technology dropping over 10%, and Tongyu Communication, Goldwind Technology, Changjiang Communication, and Leike Defense among those with significant declines

Carbon chain length lineup: Which one takes the C position in Trump's oil strategy? | Lianhe Zaobao

The actions of the United States against Venezuela and Iran have triggered a competition for the C20+ carbon chain length. President Trump has claimed he will dominate Venezuela's oil resources, affecting China's economic position in Latin America. The C-length of oil determines its material state and energy density, impacting various industries. The U.S. strategy may alter the global energy landscape, particularly its influence on China