First Squawk
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Indonesia’s currency falls to 17,125 per dollar at the start of trading.
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China’s foreign ministry says the president of Mozambique will visit the country between the 16th and 22nd.
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China’s customs vice minister warns of a turbulent international environment, with escalating geopolitical conflicts and volatile oil markets.
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China’s trade is operating in a complex and difficult external environment, the customs vice minister says.
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The Abu Dhabi crown prince met China’s Xi Jinping during a Beijing visit.
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China says it wants to be more than the world’s factory, also becoming a global market, the customs vice minister said.
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Indonesia’s currency falls further to 17,135 per U.S. dollar.
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U.S. Blockade of Strait of Hormuz Takes Effect-wsj
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ASIA AIR TRAVEL FACES TURBULENCE AS IRAN WAR EXPOSES JET FUEL VULNERABILITY-SCMP
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Malaysian bust spotlights shadow fleet oil trade in Southeast Asia-scmp
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According to AP, Pakistani officials say they have suggested Islamabad as the venue for a second round of US-Iran negotiations.
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VIRGIN ATLANTIC BOSS SAYS HIGHER JET FUEL PRICES ARE ‘HERE TO STAY’-FT
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China’s president Xi is scheduled to meet the Spanish prime minister, according to CCTV.
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Japan, South Korea stocks near highs reached before Iran war-NA
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Bitcoin prices rise to a four-week high on hopes of US-Iran peace talks-CNBC
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Taiwan’s stock market climbs more than 2%.
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The US should hold off on rate cuts and “wait and see,” Bessent told Semafor.
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CHINA (MAR) EXPORTS (YOY) ACTUAL: 7.1% VS 21.8% PREVIOUS;EST 8.3%
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Bessent said the economy was “very strong” through January and February, Semafor reports.
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CHINA (MAR) IMPORTS (YOY) ACTUAL: 27.8% VS 19.8% PREVIOUS;EST 11.1%
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CHINA (MAR) TRADE BALANCE (USD) ACTUAL: 51.13B VS 213.62B PREVIOUS;EST 107.50B
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