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Vinci SA (EPA:DG) disclosed February traffic data showing airport business grew 1.6% year-over-year, while highway traffic declined 0.8% year-over-year. Airport growth was driven by performance in Japan, Hungary, and Chile, while weak highway traffic was affected by holiday schedules and unfavorable weather conditions.

UK technology company Nexteq reported full-year revenue of $90.20 million, up 4% year-over-year, driven by gaming business growth. Adjusted earnings per share declined 29% to $0.04, while gross margin fell to 32.8% due to rising component costs. Sales from the largest customer decreased significantly, requiring business diversification. The company projects revenue decline in 2026, targeting $108 million in revenue and improved margins by 2028.

UK wound care device manufacturer AMS announced 2025 results with revenue growth of 29% and adjusted EBITDA growth of 24%. The company projects 2026 revenue to reach £245.3 million, with strong growth in the surgical division, recovery in the wound care business, and a 10% dividend increase.

France-based Mersen anticipates organic sales decline of 3.2% in 2025, dropping to €1.186 billion, with net profit declining to €14 million. Despite impacts from asset impairments, the transportation and wind power sectors performed well. The company projects sales growth of 2% to 6% in 2026 and plans capital expenditure of €90 million to €100 million.

Italian Industrie De Nora expects core profit margins to remain between 15%-19% over the next 3-5 years. Net profit for 2025 is forecasted at €89.5 million, representing year-over-year growth of 0.8%. The company plans to develop new markets through electrochemistry and water treatment technologies, with a dividend of €0.103 per share.

Chinese artificial intelligence stocks surged significantly on Wednesday, driven by Nvidia's highly positive assessment of OpenClaw technology. Startups like MiniMax and Zhipu saw their stock prices rise 16% and 10% respectively. Despite the enthusiastic market reaction, Chinese regulators have expressed concerns about the safety of OpenClaw.

TAG Immobilien reported that operating funds I in 2025 increased 3% year-over-year to €181 million, rental business EBITDA increased 4% year-over-year to €333.1 million, and full-year net profit was €90.3 million. The company expects FFO I in 2026 to increase to €187 million to €197 million, with Poland sales profit growth of approximately 40%.

Swiss residential property owner Investis expects rental income to grow 24% in 2025, driven by portfolio expansion and rising rents from full occupancy. Despite a decline in net profit, the company benefited from favorable asset revaluations, with full-year revenue of 79.8 million Swiss francs. The board proposed an increase in dividends, and looking ahead to 2026, the company expects to achieve strong performance.

RBC Capital Markets downgraded Starbucks to "in line with peers" with a price target of $105. Analysis suggests that while North American market revenue remains stable, labor costs exceeded expectations, constraining profit margins. Starbucks faces higher performance expectations during its transformation, while simultaneously advancing its China business restructuring and "Back to Starbucks" initiative to address cost pressures.

French vaccine manufacturer Valneva announced a net loss expansion of €115.2 million for 2025, despite slight revenue growth. The increased loss is due to the absence of one-time gains from 2024. Revenue growth was primarily driven by sales of proprietary vaccines. The company projects 2026 revenue between €155-170 million and reaffirmed it will release key clinical trial results.

Blue Cap announced preliminary 2025 revenue of €129.1 million, slightly below expectations. EBITDA margin improved to 5.5%. Despite weak revenue, HY-Line improved EBITDA performance through cost reduction. 2026 revenue is projected to be between €120 million and €140 million, but market volatility and supply chain friction may impact results.

Samsung Electronics is considering shifting toward multi-year memory chip contracts to address intensifying supply shortages and anticipated surging demand from artificial intelligence. This shift could move from short-term agreements to long-term contracts spanning three to five years to enhance supply stability.

Goldman Sachs is bullish on investment opportunities in South Korean online gaming companies Krafton and NCSOFT, believing that both companies are undergoing strategic transformation, expanding into new markets, and achieving revenue diversification. Krafton is pivoting toward artificial intelligence and defense technology, while NCSOFT is shifting toward mobile casual gaming ecosystems, with plans to significantly increase revenue and return on equity.

ZhiTong Finance APP learned that Zhipu (02513) surged more than 10% intraday. As of press time, it rose 7.64%, trading at 669 Hong Kong dollars, with a trading volume of 953 million Hong Kong dollars.
On the news front, on March 16, Zhipu announced the launch of GLM-5-Turbo, a base model for the OpenClaw lobster farming scenario, which is also Zhipu's first closed-source model since 2025. Simultaneously, the company raised the API pricing for new models by 20%, marking Zhipu's second price increase in recent times. Additionally, the recent "lobster farming" craze continues, with Tencent, Nvidia, and others frequently making moves. According to a Morgan Stanley research report, the OpenClaw craze reflects a shift in the form of artificial intelligence from dialogue to execution level, which is believed to be of great significance to the stock market, as it extends monetization beyond AI agents themselves. The firm believes the earliest and most direct beneficiaries could be model and inference companies.

Apple's Beats company has partnered with Nike for the first time to launch a limited edition Powerbeats Pro 2 headphones, with an official co-branded mark expected to enhance brand awareness and strengthen user loyalty. The headphones feature real-time heart rate monitoring and 45-hour battery life, designed to expand the market in sports scenarios. This collaboration not only helps Apple solidify its position in the wearables sector but also provides Nike with opportunities for brand revitalization and consumer engagement.

On Wednesday, most Asian currencies traded in narrow ranges as markets remained cautious due to concerns about potential US-Israel-Iran conflict and anticipation of major central bank meetings. The US dollar stabilized after consecutive gains, with the Federal Reserve expected to hold rates unchanged. The yen recovered slightly but faced pressure from elevated oil prices, with markets awaiting the Bank of Japan's decision. Meanwhile, the European Central Bank, Bank of England, and Swiss National Bank are also scheduled to hold meetings.

Asian stock markets mostly rose on Wednesday, with technology stocks driving gains in Korean and Japanese markets. Investors await the Federal Reserve's policy decision, which is expected to keep interest rates unchanged. Geopolitical risks remain elevated, with crude oil prices declining slightly. China's stock market fell against the broader trend.

Hong Kong stocks have rebounded since March 2026, with the Hang Seng Tech Index showing outstanding performance. The main drivers are capital inflows and rising risk appetite. Short-selling data indicates that Tencent Holdings' short-selling pressure has weakened significantly, while tech stocks such as Xiaomi Group and Alibaba show divergent performance. Market sentiment has warmed up, and declining short-selling data may signal strengthening market confidence, though there remain differences in valuations for Xiaomi. Overall forecast suggests the Hang Seng Tech Index will maintain a volatile consolidation trend.

The Bank of Japan is expected to hold interest rates unchanged on March 19, but due to inflation and yen weakness, it may hint at a hawkish outlook. Despite uncertain wage growth in the near term, analysts expect a 25 basis point rate hike in the future. Stock markets and exchange rates may be affected by policy signals.

Automotive stocks collectively declined, with Li Auto falling 4.7% and XPeng dropping 3.9%. Several car company CEOs warned that rising chip prices pose cost challenges, and Chery Starry and Zeekr 007GT are about to adjust their prices. HSBC noted that increases in raw material prices will significantly raise manufacturing costs for vehicles.