Gate News message, April 6, a Haitong Securities research report stated that the ongoing duration of the conflict in the Middle East and its impact on global supply and demand have already gone beyond the scope of a “temporary” shock, causing in some areas a substantive break in capital flows and in the supply. Even if the situation improves later, the market allocation approach after April will be different from the period of spring jitters. The research report said that the performance of the U.S. dollar and oil prices this year will be stronger than expected; the degree of global liquidity easing will be lower than expected; and the corresponding upside potential for valuation improvement will also be lower than expected. The market may go through a psychological process of shifting from tracking news statements back to focusing more on fundamentals, paying greater attention to risks of shortages of goods, supply chains, and cash flows. Haitong Securities believes that investors need to maintain a certain level of respect for market volatility.