Ping An Biomedical Co Ltd

The Panama Canal is experiencing increased vessel traffic as geopolitical tensions near the Strait of Hormuz and rising fuel prices make the shorter route more economical. Tanker crossings surged 11.2% in the first four months of the fiscal year.

Tesla reported a 91% year-on-year increase in China-made vehicle sales for February, reaching 58,600 units, even as the broader Chinese auto market contracted. The company's shares closed at $399.24 on Tuesday.

Brent crude futures edged higher, holding above $81 per barrel as sustained shipping disruptions in the Strait of Hormuz fueled supply concerns. Major financial institutions have revised their oil price forecasts upward in response to the ongoing tensions.

Fortescue Metals Group underperformed major miners, dropping 4.49% as iron ore prices softened. Market attention turns to China's manufacturing data and annual policy announcements, with shipping risks adding pressure.

AbbVie shares climbed 3.29% to $232.08 on Friday, defying a broader market decline. The pharmaceutical giant is set to raise approximately $7.95 billion through a seven-part bond sale settling March 4.

Alibaba's U.S.-listed shares dipped in premarket trading following technical issues with its Qwen AI shopping promotion and regulatory summons for its Amap ride-hailing unit over pricing practices.