Iron ore prices are set to trade at $115 to $110 per ton, Jonathan Barratt, CEO of Celsius Pro forecast told CNBC.

“I think the key moment that we’re focusing on is what the Chinese regulatory authorities are doing at the ports in terms of price regulation… and the fact that they really don’t want to see too much [iron ore] inventory at the ports,” he said, saying that what could result from that is a drop from 160 million tons of iron ore inventory down to 120 million tons.

In a recent response to rising iron ore prices in China, the National Development and Reform Commission (NDRC) released a statement that regulations and crackdown on illegal activities will be implemented to strengthen the supervision of iron ore market prices.

“As a result of that, we can see a significant fall back in that inventory build in Chinese ports… that’s going to sort of put a flavor of less demand into the equation,” said Barratt.

The benchmark 62%-grade iron ore last traded at $125.74 per ton.

—Lee Ying Shan

Tesla needs to lower its prices to compete with Chinese electric vehicle makers which have a cost advantage, according to an investment advisory firm.

Chinese battery maker CATL reportedly offered to sell its batteries to Chinese automakers at a discount, as Reuters reported.

“China, in particular, is a very hyper competitive market. CATL has over 30% of the battery supply chain locked in already. With that kind of scale, they can leverage that with pricing advantage,” said Bill Russo, founder and CEO of Automobility Limited, on CNBC’s “Squawk Box Asia” Tuesday.

He added that Tesla “lacks that product range and portfolio that is bringing traffic into the showroom.”

“If you are Tesla, you cannot be selling older models against fresh competition. So its new model has to come in at a low price point in order to create the showroom buzz and to be price competitive in China,” said Russo.

– Sheila Chiang

Despite China’s reopening, investors should still be selective when looking at China stocks, according to Amundi chief investment officer Vincent Mortier.

Speaking to CNBC’s “Squawk Box Asia,” Mortier said he likes A-shares in China, but not very large names.

He highlighted “innovative players” in areas like the health-care and semiconductor sectors, adding that “there is value to be found, but you need to dig a bit further.”

As for the Chinese real estate sector, Mortier thinks there are still opportunities, pointing out that “there have been names which are very cheap for good reason [or have] been hammered too much. So if you select the good names, you can make very good returns. But you need to swallow volatility and the risks.”

— Lim Hui Jie

Shares of South Korean battery materials maker L&F jumped more than 15%, after it announced winning a nearly $3 billion order from Tesla.

The company said in a filing that it has won a $2.91 billion contract to provide high-nickel cathode materials to Tesla starting January 1, 2024 to December 31, 2025.

Shares of L&F last traded 10% higher on Tuesday, hovering at its highest levels since May 2022.

– Jihye Lee

Hong Kong will end its mask mandate for indoors and outdoors on Wednesday, March 1 – its Chief Executive John Lee said in a briefing.

When asked for the reasoning behind the timing, Lee cited “overall assessment” and emphasized that the government had previously said it would be closely monitoring the situation.

Mask rules for hospitals and nursing homes will be “added administratively,” Lee said.

– Jihye Lee

Bank of Japan’s deputy governor Masazumi Wakatabe reiterated his support for the central bank’s inflation target of 2%, according to a transcript of his speech delivered at Columbia University.

“The very idea of having a clearly defined inflation target is based on the importance of communication,” he said in his speech.

“Communication with the general public is particularly important since their perception plays a key role in anchoring inflation expectations, and thus, affects the actual evolution of inflation,” he said, adding the central bank’s “sustainable monetary easing” brought a positive effect on the real economy.

– Jihye Lee

South Korean entertainment company SM Entertainment announced an enhanced shareholder return policy ahead of its annual general meeting in March, according to a Monday filing.

The company plans to expand its shareholder return targets to at least 30% of its separated net income from 20%.

The move is seen as part of wider efforts to keep small investors that own just over 70% of shares in SM.

Rival K-pop agency Hybe became the largest shareholder of SM after purchasing a 14.8% stake from Lee earlier this month, while Kakao bought a 9.05% stake.

Shares of SM Entertainment rose 0.25% on Tuesday, Hybe gained nearly 3% and Kakao inched up 0.32%.

– Lim Hui Jie

Japan’s retail sales surged 6.3% for January compared to the same period last year, beating economists expectations of 4%.

Government data showed commercial sales in January 2023 totaled 45.7 trillion yen ($335 billion), a 3.2% increase over the same month last year.

Wholesale sales were 32.7 billion yen, up 2% compared to last year, while retail sales increased by 6.3% to 13 trillion yen.

–Lim Hui Jie

Japan’s industrial production fell 4.6% compared to a month ago in January, the biggest decline the economy has seen in eight months, according to Japan’s Ministry of Economy, Trade and Industry.

The reading fell further than expectations of a 2.9% decline and follows a rise of 0.3% in the previous month.

Autos, semiconductor-making equipment, tech parts and devices led the decline overall. Shipments moderately fell and leaving inventories lower for the second straight month.

Core capital goods saw sharp falls, the release said.

– Jihye Lee

Two tech themes have taken Wall Street by storm so far this year.

One is the return of semiconductor stocks, as demand bounces back for chips; the other is artificial intelligence, following the buzz surrounding chatbot ChatGPT.

CNBC Pro screened for the highest-rated ETFs with exposure to semiconductor and/or AI-related stocks (among others) using Morningstar data. The resulting funds all received a four- or five-star rating by Morningstar, and have performed well over the past three years.

CNBC Pro subscribers can read more here.

— Weizhen Tan

The People’s Bank of China and the China Banking and Insurance Regulatory Commission released a draft of measures to enhance financial institutions’ capacity in lending to firms that lease residential properties.

The measures are aimed at broadening bond financing channels for rental housing firms, support issuance of operating loans for leasing, and strengthen credit support for construction of rental housing, the draft showed.

— Jihye Lee

Investors wondering what’s pushing equity market moves should look at interest rates.

Chart analysts say last week’s sell-off can be tied with the advances in bond yields. The three major stock market indexes posted their worst weeks of the year last week.

“The recent reset by the equity market feels more of a byproduct of rates higher, rather than a [simple] reset out of overbought territory for stocks,” said JC O’Hara, chief market technician at Roth MKM, in a note to clients Sunday.

“Overall, we believe this pullback has been orderly for stocks,” he added in his note. “However higher rates are becoming a large factor once again.”

And analysts said fixed income moves could be a driver of the stock market going forward. CNBC Pro subscribers can read the full story here.

—Alex Harring

The stock market’s recent attempt to pull out of a downtrend could soon come to an end, according to Morgan Stanley.

Mike Wilson, the firm’s chief U.S. equity strategist, said in a note to clients Monday that the S&P 500 is on the verge of falling back into a bear market.

“With the equity market showing signs of exhaustion after the last Fed meeting, the S&P 500 is at critical technical support. Given our view on earnings, March is a high risk month for the bear market to resume,” Wilson said.

For more, read the full story on CNBC Pro.

—Jesse Pound, Tanaya Macheel

The 2-year yield added to its February gains Monday, reaching 4.8% on the day. That’s its highest level since July 2007. Short-term rates have been moving higher this month as traders fret over the possibility of tighter monetary policy for longer than anticipated.