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According to a report by India’s Politico on March 15, the Bombay Stock Exchange Sensitive Index (SENSEX) and N Index fell for the first time in a single week after rising for four weeks. Both indices fell about 2% this week, the biggest weekly decline in 20 weeks.

The SENSEX index fell 062% on the day to close at 7264343 points. The N50 index of the National Stock Exchange of India (NSE) fell 0.56% to close at 2202335 points.

The Bombay Stock Exchange (BSE) mid-cap index also closed down 0.51%. However, the BSE Small Cap Index bucked the trend and closed up 0.25%.

On the weekly chart, the benchmark SENSEX index fell 22% for the week and the N index fell 21%. This is the largest weekly decline since October 2023. The BSE mid-cap and small-cap indices fell about 4% and 6% respectively this week.

From an industry perspective, the N-Metal Index and FMCG Index closed flat, while all other industry indices closed down.

The biggest declines were in the oil and gas industry and the automobile industry, with declines of 198% and 157% respectively. The N Bank index fell 0.42%.

As some funds release stress test results, they are confident that their portfolios can cope with volatile market conditions.

In global stock markets, the weakness is believed to be driven by discouraging U.S. economic data and weakening expectations of a Federal Reserve interest rate cut.

Some reports showed that the U.S. industrial producer price index (PPI) exceeded expectations in February. At the same time, the number of people applying for and receiving unemployment benefits was lower than expected. These factors weaken the Fed’s case for interest rates.

Market participants will be closely watching the Fed’s monetary policy stance next week. Most expect the Fed to keep interest rates unchanged and start cutting rates from the end of June or July. (Compiled by Zhu Jie)

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According to a report by the Tass news agency on March 11, Budanov, Director of the Intelligence Directorate of the Ministry of Defense of Ukraine, said that Ukraine is preparing to take major actions in Crimea.

According to reports, the Information Service of the Intelligence Directorate of the Ukrainian Ministry of Defense quoted Budanov as saying on the Telegraph social platform: Our operations in the Black Sea are preparations for a major operation in Crimea.

The General Intelligence Directorate of the Ukrainian Ministry of Defense stated that all Ukrainian military operations in the Black Sea region from 2022 to 2023 are linked by the same strategic consideration, and the Ukrainian military’s attempt to attack the left bank of the Dnieper River in Kherson Oblast is also for the same purpose.

According to reports, the Ukraine television channel recently broadcast a film about the successful operations of the Ukraine armed forces and military intelligence in the region.

The report pointed out that Uzbekistan’s claim that it will take certain actions is due to the serious delay in aid by its allies. The U.S. Congress has been unable to approve spending to support Kiev for months, and supplies provided by EU countries cannot meet all the needs of the Ukraine military.

The report believes that for the Ukrainian army, the situation became more complicated after the fall of Afdeevka. If Washington does not provide new aid to Kiev, the Ukrainian army will soon face a new disaster. Uzbekistan is trying to attract the attention of Western allies with isolated and decentralized actions that some media exaggerate to shape opportunities that Kiev does not actually have. (Compiled by Wei Lianglei)

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According to Agence France-Presse reported on March 19, Russian official media confirmed on the 19th that Russia has replaced its commander-in-chief of the Navy. Earlier reports said that Nikolai Evmenov was dismissed as commander-in-chief of the Navy because Black Sea Fleet warships were repeatedly attacked and damaged by Ukraine.

Reported that according to RIA Novosti, former commander of the Russian Northern Fleet Alexander Moiseyev has been appointed acting commander-in-chief of the Navy, replacing Nikolai Evmenov, who has served as commander-in-chief of the Navy since May 2019.

RIA Novosti reported: Moiseyev was introduced as acting commander-in-chief of the Russian Navy at a ceremony.

Reported that the Kremlin declined to comment on Moiseev’s appointment last week. This marks the largest reshuffle of the Russian military’s top ranks in months.

According to reports, the Ukraine military claims to have destroyed more than 20 Russian ships since the conflict began in February 2022, including a military patrol boat earlier this month.

Reports said that these attacks embarrassed Moscow and forced it to transfer ships from the Sevastopol naval base in Crimea to the port of Novorossiysk further east. (Compiled by Liu Xiaoyan)

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Islamabad, Kabul, March 18 (Reporter Jiang Chao, Zhao Jiasong) The Pakistani Ministry of Foreign Affairs issued a statement on the 18th saying that the Pakistani military launched a counter-terrorism operation in Afghanistan in the border area of Pakistan early that morning, targeting terrorists who have committed many terrorist attacks in Pakistan together with the Pakistani Taliban. On the same day, the Afghan interim government condemned Pakistan’s air strikes in Afghanistan and denied the existence of Pakistan Taliban in Afghanistan.

Pakistan’s Ministry of Foreign Affairs stated that the terrorists targeted this time had carried out many terrorist attacks in Pakistan, resulting in the deaths of hundreds of civilians and law enforcement personnel. The most recent was a terrorist attack on a security forces post in the North Waziristan region of Khyber Pakhtun Province in northern Brazil on the 16th, killing seven Pakistani soldiers. Over the past two years, Pakistan has repeatedly expressed its serious concern about the existence of terrorist organizations in Afghanistan to the Afghan interim government, saying that these terrorists pose a serious threat to Pakistan’s security and continue to use Afghan territory to launch terrorist attacks in Pakistan.

Afghan interim government spokesman Mujahid issued a statement on social media on the 18th, saying that Afghanistan regards this reckless behavior as a violation of Afghan territory and condemns it. According to the statement, at about 3 a.m. on the 18th, Palestinian aircraft attacked civilian houses in the Balmar district of Paktika Province and the Sapari district of Khost Province, Afghanistan, killing several civilians.

Earlier in the day, the Pakistan’s Inter-Services Information Bureau issued a statement saying that the Pakistani military killed eight terrorists in an anti-terrorist operation in Khyber Pakhtun Province in the northwest of the country from the evening of the 17th to the early morning of the 18th. (Participating reporter: Zou Xuemian)

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According to Bloomberg News reported on May 20, copper prices soared to their highest level in history, continuing their months-long rally. The rally was driven by financial investors who poured into the market amid predictions that supply shortages would intensify.

Copper futures prices on the London Metal Exchange rose more than 4%. Copper prices topped US$110,000 a tonne for the first time, but gave up some of their gains in afternoon trading.

For months, banks, mining and investment funds have been touting copper’s bright long-term prospects. In the past few weeks, investment has poured into the market.

Several developments in 2024 have emboldened copper bulls and attracted more and more speculative funds. Rumors are rampant that tight supply of copper ore has caused smelters to cut production. Investors predict that a surge in copper use in fast-growing sectors such as electric vehicles, renewable energy and artificial intelligence will offset the drag caused by traditional industries such as construction.

In early April, copper prices began to rise. Last week, a short squeeze on the New York futures market triggered a global rush to buy copper, and copper prices rose into overdrive.

Investors, traders and mining executives have been warning for years that the world will face severe copper shortages as demand for green industries surges.

However, many people involved in physical transactions warn that copper prices are outperforming reality. Demand remains relatively tepid, especially in China, the largest buyer, where inventory levels remain high and suppliers of copper wire and rod have been cutting production.

Since the beginning of this year, copper prices have risen by more than a quarter, leading the overall increase in major industrial metals. Like copper, gold prices also rose to record levels. Both metals are supported by optimism that the Federal Reserve will start cutting interest rates this year. (Compiled by Qiu Fang)

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Abidjan, March 15th: Cote d’Ivoire’s network communication services began to gradually resume on the 15th after 24 hours of widespread interruption across the country due to the rupture of submarine optical cables.

A major network operator in Cote d’Ivoire said the problem that caused the interconnection outage has been partially resolved and the resolution is continuing.

Four submarine optical cables serving West Africa suddenly broke on the 14th, causing the interruption of fixed and mobile network services provided by many telecom operators and Internet service providers in Cote d’Ivoire. It is reported that this incident affected more than ten African countries including Cote d’Ivoire, Liberia, Benin, Ghana, and Burkina Faso.

Cote d’Ivoire’s Minister of Digital Transformation and Digitalization Konat said in a statement on the 15th that the interruption of the national network in Cote d’Ivoire is an unprecedented special event, and the government is taking measures to restore network connectivity within the next 48 hours to minimize the impact on the economy and people’s daily lives.

According to officials from the Ministry of Digital Transformation and Digitalization of Cote d’Ivoire, the two major network operators in Cote d’Ivoire have switched to a cable that is still operating normally to gradually restore network communication services. (Reporter Zhang Jian)

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According to Agence France-Presse reported in Brussels on March 21, European leaders meeting in Brussels on the 21st decided to move forward and adopt a plan to use the proceeds of Russian frozen assets in the EU to arm Ukraine.

The EU’s High Representative for Foreign Affairs and Security Policy, Josep Borrelli, pointed out that the interest on these assets is between 2.5 billion and 3 billion euros per year.

Reported that European Council President Charles Michel said at a press conference held on the evening of the 21st: We are determined to take quick action so that part of this money can be used to support Ukraine.

Ukraine President Zelensky told leaders of the 27 European Union via video link that it is crucial for the EU to provide more ammunition to the Ukraine army.

He urged: Please strengthen the (Ukraine) defense industry as soon as possible and do not waste time.

According to a report by the Russian news agency Moscow on March 21, Russian Presidential Press Secretary Peskov said that Russia will use all judicial mechanisms and choose other means to retaliate against the EU to prevent the EU from using frozen Russian assets to aid Ukraine.

Peskov said in response to reporters: Of course, we will make use of all possible legal mechanisms, those that are currently available and that we will use when they arise in the future. Of course, on the basis of mutual visits, we will not copy it completely, but choose other means to retaliate to the extent that is in line with our interests. (Compiled by Zhao Kexin and Li Ran)

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Seoul, March 18 (Reporters Lu Rui and Sun Yiran) The so-called Third Democracy Summit led by the United States was held in Seoul, South Korea from the 18th to the 20th. South Korean citizen groups held a rally in central Seoul on the 18th to protest the so-called democracy summit.

According to local media reports, South Korean citizens ‘group National Popular Action held a press conference near the venue of the Democracy Summit on the same day to express their protest. People held banners that opposed the democracy summit held to maintain U.S. hegemony, and shouted slogans such as the democracy summit spreading false democracy and condemning Yin Yue’s government for blindly following the U.S. -centered value alliance.

Some rally participants said that the United States decided to hold the democracy summit in South Korea. Its intention was very obvious, to maintain its hegemony that was gradually collapsing and push South Korea to the front line of camp confrontation.

South Korea’s “Jingxiang Shimbun” published a commentary on the 17th, saying that the so-called democracy summit with the logic of camp confrontation does not have much support around the world, but South Korea has taken the lead in promoting the new Cold War values of the United States. Whether such an approach will help South Korea’s national interests is questionable.

Under the banner of democracy, the United States held the so-called democracy summit via video in December 2021 and a combination of online and offline in March 2023, which have been widely questioned by the international community.

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According to a Reuters report quoted by KCNA on March 20, North Korean leader Kim Jong Un directed the ground ignition test of a new medium-and long-range hypersonic missile with a multistage solid fuel engine as part of North Korea’s plan to develop its national defense capabilities.

KCNA said the test was carried out on the morning and afternoon of the 19th at the Sohai Satellite Launch Site near the west coast of North Korea.

The report said that the test was a great success, and the timetable for the development and completion of the new medium-and long-range hypersonic missile weapon system was determined.

The report mentioned that in January this year, North Korea conducted a flight test of a medium-range hypersonic missile. At that time, North Korea announced that it had used a new solid fuel engine and also conducted operational tests of a mobile warhead.

KCNA did not disclose details about the engine tested on the 19th, nor did it explain the type of technology tested.

The report pointed out that North Korea is developing an intercontinental ballistic missile capable of striking the United States. (Compiled by Hu Xue)

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According to a report by the German News TV channel on March 14, a latest report released by the American Institute for War Studies stated that due to lack of ammunition and supplies, the Ukrainian defense line may be more fragile than the impression given by the relatively slow advancement of the Russian army in various places.

The report said that in order to curb the continued advancement of the Russian army, Ukraine currently has to use the small amount of existing materials as efficiently as possible. The Institute for War Studies wrote: The Ukrainian army concentrated its supplies in the areas of the line where the Russian army encountered the most fierce attack, which would lead to poor defense in other areas, allowing the Russian army to launch surprise attacks there and achieve breakthroughs.

The American think tank also quoted a report in the magazine Der Spiegel. A Ukraine officer said in a report that in secondary battlefields such as Kharkiv or Vukhredar, which are currently receiving little attention, the situation of troops, weapons and ammunition is very bad. An artillery commander said: We can’t hold on like this for long. The analysis report wrote that the reason why some Ukrainian troops were able to hold their positions with limited ammunition and supplies was only because the Russian army did not attack with all its strength.

The Institute for War Studies warned that the Russian army did not attack areas where Ukraine was extremely poorly guarded, concealing the risks there. In other words, as long as the Russian army launches large-scale attacks in these areas, it will expose the current situation that the Ukrainian army is unable to resist due to lack of ammunition. Ukraine’s Armed Forces Commander-in-Chief Sersky warned on a social platform telegram that Russian troops may break into the depths of the Ukrainian defense line.

The Institute for War Studies said the words of Sersky and other Ukrainian commanders suggested that if the Russian army stepped up its offensive, it could break through and shake previously stable areas in a short period of time.

The report concluded that the current defense line is likely to be unstable. It is crucial for the West to transfer resources to the Ukrainian army as soon as possible to prevent Russian troops from waiting for opportunities to break through weak defensive areas on the front line. (Compiled by Wang Ting