News

Among popular Chinese concept stocks, NIO rose by 5.5%, Pony.ai, WeRide, and Xiaomi increased by over 4%, New Oriental climbed 2.7%, while XPeng, NetEase, Tencent, and Meituan all gained more than 1%.

Golden Ten Data reported on March 5 that the US Dollar Index, which measures the dollar against six major currencies, fell by 0.28% that day, closing at 98.764 in the foreign exchange market. By the close of the New York forex market, 1 euro exchanged for 1.1625 US dollars, higher than the previous trading day's 1.1603 US dollars; 1 pound exchanged for 1.3351 US dollars, higher than the previous trading day's 1.3334 US dollars. 1 US dollar exchanged for 157.15 yen, lower than the previous trading day's 157.76 yen; 1 US dollar exchanged for 0.7800 Swiss francs, lower than the previous trading day's 0.7822 Swiss francs; 1 US dollar exchanged for 1.3669 Canadian dollars, higher than the previous trading day's 1.3667 Canadian dollars; 1 US dollar exchanged for 9.1761 Swedish kronor, lower than the previous trading day's 9.2882 Swedish kronor.

Golden Ten Data reported on March 5 that, three months after the Trump administration took control of Venezuela's oil sales, crude oil exports from Venezuela's main export hub have soared to their highest levels in years in March. According to a preliminary loading plan, shipments from Jose Port, the country's main oil export port, are expected to surge to 848,000 barrels per day in March. If this figure is achieved, it will be the highest shipment volume from Jose Port since 2019. The export volume is being boosted by ongoing imports of naphtha, which is used to dilute Venezuela's extra-heavy crude oil so it can be transported through pipelines and thus exported. As in February, at least five batches of this base oil product are scheduled to be unloaded in Venezuela this month.