News 7 March 2026 - 9 March 2026

ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook
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ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook

ZIM Integrated Shipping reported fourth-quarter net income of $38 million, down sharply from $563 million a year earlier, with revenue falling 32% to $1.48 billion. The company declared a $0.88 dividend but withheld 2026 guidance due to its pending $4.2 billion sale to Hapag-Lloyd. Average freight rates dropped 29% and carried volume slid 9%. Shares rose 1.8% to $28.32 in New York trading.
March 9, 2026
Oil Nears $120 as Iran War Hammers KOSPI, Asian Stocks and Wall Street
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Oil Nears $120 as Iran War Hammers KOSPI, Asian Stocks and Wall Street

Oil prices jumped to $119.50 a barrel Monday as the U.S.-Israeli war with Iran disrupted Gulf supplies and shipping through the Strait of Hormuz. Stocks tumbled worldwide; Seoul's KOSPI fell 8.8%, and Europe's STOXX 600 dropped 1.8%. Saudi Arabia, Iraq, Kuwait, and Bahrain slashed output. Hundreds of tankers idled near Hormuz, and airline fares soared as jet fuel costs spiked.
March 9, 2026
QQQ Falls as $100 Oil Tests AI Trade After $4 Billion ETF Outflow
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QQQ Falls as $100 Oil Tests AI Trade After $4 Billion ETF Outflow

Invesco QQQ Trust dropped 1.34% to $591.74 by mid-morning Monday as crude oil surged past $100 a barrel and investors pulled money from AI-focused stocks. QQQ saw $4 billion in outflows last week and another $810 million in the past five days. Invesco’s QQQM also fell 1.35% with $165 million in outflows. Wall Street indexes opened lower amid renewed inflation fears tied to rising oil prices.
March 9, 2026
Vanguard Total Stock Market ETF (VTI) Slides Despite $846 Million Inflows as Oil Shock Hits Wall Street
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Vanguard Total Stock Market ETF (VTI) Slides Despite $846 Million Inflows as Oil Shock Hits Wall Street

Vanguard Total Stock Market ETF (VTI) fell 0.84% in premarket trading Monday after losing 1.45% over the past five days, despite $846 million in net inflows. U.S. equity funds shed $21.92 billion in the week to March 4 as oil surged and stock futures pointed lower. Major ETFs SPY and QQQ also traded down. VTI’s decline followed weakness in mega-cap tech and semiconductor stocks.
March 9, 2026
BlackRock Caps Private Credit Fund Withdrawals as Market Stress Spreads
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BlackRock Caps Private Credit Fund Withdrawals as Market Stress Spreads

BlackRock capped withdrawals from its $26 billion HPS Corporate Lending Fund after clients sought $1.2 billion in redemptions, exceeding the fund’s 5% quarterly limit. The firm will fulfill about $620 million of requests, marking the first breach of the cap. BlackRock shares dropped 6.7% Friday. Fitch reported U.S. private-credit borrower defaults reached a record 9.2% in 2025.
March 9, 2026
Peraso stock cools after 151% spike on Israeli drone-defense win as cash strain remains
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Peraso stock cools after 151% spike on Israeli drone-defense win as cash strain remains

Peraso Inc. shares dropped 3.9% to $1.96 in premarket trading Monday after soaring 151.5% Friday on news its mmWave chips were selected by Israeli defense firm InTACT for a drone IFF system. The company, facing cash concerns and exploring strategic options, did not disclose the program’s value or deployment timeline. Peraso ended September with $1.865 million in cash and warned of doubts about its ability to continue operating.
March 9, 2026
Olema Pharmaceuticals Shares Sink More Than 40% After Roche Trial Miss
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Olema Pharmaceuticals Shares Sink More Than 40% After Roche Trial Miss

Olema Pharmaceuticals shares fell over 40% Monday after Roche’s breast cancer drug giredestrant failed to meet its main goal in a late-stage trial. Investors viewed the setback as a negative signal for Olema’s lead drug, palazestrant, which is in Phase 3 studies. Roche said the trial showed no significant improvement in progression-free survival. Olema ended September with $329 million in cash and expects top-line data in late 2026.
March 9, 2026
Xenon’s epilepsy drug posts strong Phase 3 data; XENE shares jump ahead of U.S. filing
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Xenon’s epilepsy drug posts strong Phase 3 data; XENE shares jump ahead of U.S. filing

Xenon Pharmaceuticals said its Phase 3 trial showed azetukalner cut monthly focal onset seizures by 53.2% at the 25 mg dose versus 10.4% for placebo. Shares rose over 40% in premarket trading. The company plans to file for U.S. FDA approval in the third quarter of 2026. Dizziness was the most common side effect, with higher discontinuations in the 25 mg group.
March 9, 2026
Relmada Therapeutics (RLMD) Raises $160 Million as NDV-01 Bladder Cancer Data Set Up Phase 3
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Relmada Therapeutics (RLMD) Raises $160 Million as NDV-01 Bladder Cancer Data Set Up Phase 3

Relmada Therapeutics will raise about $160 million in a private placement, priced at $4.75 a share, after reporting 12-month data showing a 76% complete response rate for NDV-01 in non-muscle invasive bladder cancer. The financing, expected to close by March 11, follows FDA feedback backing late-stage studies. NDV-01 showed no cases of disease progression or severe side effects among 25 patients at 12 months.
March 9, 2026
Oil Tops $100 for First Time Since 2022 as Iran War Cuts Supply, G7 Weighs Reserve Release
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Oil Tops $100 for First Time Since 2022 as Iran War Cuts Supply, G7 Weighs Reserve Release

Brent crude surged to $119.50 a barrel Monday as the Iran war disrupted Gulf oil flows, forcing Saudi Arabia, Iraq, and Kuwait to cut output and leaving tankers stranded at the Strait of Hormuz. Central banks shifted rate expectations amid inflation fears. Governments considered releasing emergency reserves. Airline shares dropped as jet fuel prices soared.
March 9, 2026
Chile stocks weekly recap: IPSA sinks 5% as oil shock hits Santiago, rate bets wobble
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Chile stocks weekly recap: IPSA sinks 5% as oil shock hits Santiago, rate bets wobble

Chile’s S&P CLX IPSA index fell 5.2% this week, closing Friday at 10,312.05 after steep losses earlier. Banks and consumer stocks remained pressured, while a flat February CPI and slower annual inflation offered little relief. The peso weakened to 911.62 per dollar amid oil-driven currency stress. Investors are watching the central bank’s next policy meeting on March 24.
March 7, 2026
Nigeria’s NGX jumps 2% in a week and nears the 200,000 mark — here’s what moved the market
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Nigeria’s NGX jumps 2% in a week and nears the 200,000 mark — here’s what moved the market

Nigeria’s NGX All-Share Index gained 2.1% this week, closing Friday at 196,968, with year-to-date returns at 26.6%. Turnover slowed late in the week as the naira weakened to 1,398 per dollar. Friday’s session saw 586 million shares traded in 62,699 deals. The index remains near the 200,000 mark after touching an intraday high close to 198,000.
March 7, 2026
Warsaw Stock Exchange last week: WIG20 suffers worst week of 2026 as oil shock swamps rate-cut hopes
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Warsaw Stock Exchange last week: WIG20 suffers worst week of 2026 as oil shock swamps rate-cut hopes

Poland’s WIG20 index fell 5.17% this week, its steepest drop of 2026, erasing gains from a recent central bank rate cut. The decline followed a broader European selloff, with the STOXX 600 down 5.5% as Middle East tensions pushed oil prices higher. By Friday, the wider WIG lost 1.83%, and major Polish banks and utilities posted sharp losses. Orlen slipped 0.58% after QatarEnergy declared force majeure on LNG cargoes.
March 7, 2026
Qatar Stock Exchange Last Week: Late Rally Fails to Stop 3.2% Drop
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Qatar Stock Exchange Last Week: Late Rally Fails to Stop 3.2% Drop

Qatar’s stock index dropped 3.22% for the week ended March 5, erasing QR21.73 billion in market value as 48 of 54 stocks fell. The selloff followed Qatar’s force majeure declaration on gas exports, with transport and industrial shares hit hardest. Some firms, including Mesaieed Petrochemical and Qatar Aluminum Manufacturing, announced operational cuts after QatarEnergy halted output. Dubai’s index lost 9% for the week.
March 7, 2026
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Stock Market Today

  • Markets Fall as Middle East Tensions and Oil Prices Rise
    May 28, 2026, 9:19 AM EDT. European stock markets opened lower amid renewed geopolitical tensions in the Middle East, triggering a sharp increase in risk aversion among investors. The Paris Stock Exchange fell 0.4%, London's FTSE declined 0.8%, and Milan's FTSE MIB dropped 0.5%. The pan-European STOXX 600 index slipped 0.4%. Brent crude oil prices surged over 2.5%, nearing $100 per barrel, driven by fears of disruptions in the Strait of Hormuz, a critical maritime route for nearly 20% of global oil supply. Rising oil prices have become the key market driver, fueling investor caution and impacting trading across Europe.