The Iran war continues, military intervention causes market turmoil. The research institution for Hong Kong's Mandatory Provident Fund stated that as March enters its final trading week, as of March 23, Trillions of MPF has recorded an investment loss of approximately 6.3%, expected to be the worst performing month since September 2022 and the seventh largest monthly decline in history. Taking into account contributions, based on current investment performance estimates, Trillions of MPF's total assets are expected to decrease to approximately HK$1.531 trillion by the end of March, a decrease of HK$100.3 billion from the end of February, with an average account balance per member of HK$319,345, a decrease of HK$20,917 from the end of February. In absolute terms, Trillions of MPF's investment loss is approximately HK$103.3 billion, equivalent to a loss of HK$21,542.7 per member. Facing rising energy prices and concerns about inflation and economic growth, investors have generally reduced their risk exposure, resulting in a decline in all stock markets. The research institution for Hong Kong's Mandatory Provident Fund points out that all types of stock funds recorded losses in March, with Japanese stocks expected to see the largest monthly decline since October 2008, and AH stocks possibly showing their worst monthly performance since October 2022. Francis Chung, Chairman of the research institution for Hong Kong's Mandatory Provident Fund, stated that considering the military interventions by the United States and Israel in Iran, resulting in significant concerns about energy prices, market fluctuations, inflation, and economic recession, this outcome is not surprising. Trillions of MPF's long-term performance remains stable, with five-year and ten-year annualized returns of approximately 1.28% and 4.01% respectively. Chung emphasized that remaining calm and diversifying investments is the message the research institution for Hong Kong's Mandatory Provident Fund hopes to convey to Trillions of MPF members. Events in the Middle East are beyond control, but focusing on long-term, diversified investments to create sustainable and stable returns is within reach. The risks of trying to time the market are much higher than those of consistent investment.