Huanyao Fang

TradingKey - Amid intensifying geopolitical tensions, investors once bet on risk premiums in precious metals and safe-haven assets. On February 28, 2026, the United States and Israel launched localized air strikes against Iran. The strikes resulted in the death of Iran’s Supreme Leader and triggered multi-directional retaliatory actions across the region. Subsequently, Trump declared that strikes against Iran would be pursued "at all costs."

TradingKey - U.S. stock futures continued to slide, with Dow Jones and S&P 500 futures both falling over 1.5%, and Nasdaq 100 futures dropping nearly 2%.

TradingKey - During the Asian trading session, spot silver's intraday decline widened to as much as 7%, reaching $83.05/oz, before subsequently narrowing. As of press time, silver was trading at $85.8/oz. Influenced by recent severe tensions in the Middle East and a complex, volatile international landscape, global commodities—particularly pure benzene, liquefied petroleum gas (LPG), ethylene glycol, styrene, and polypropylene—have experienced significant volatility.

TradingKey — Asia-Pacific stock markets plummeted during the Asian trading session. The Nikkei 225 Index fell over 3.3% to 56,124, while the TOPIX Index dropped 3.3% to 3,769 points. South Korea's KOSPI Index closed down sharply by 7.2% at 5,792.2 points. The Shanghai Composite Index fell more than 1.4%, the Shenzhen Component Index dropped over 3%, and the Hang Seng Index declined by more than 1%.

TradingKey - Pre-market losses for the three major US stock index futures narrowed as risk-off sentiment receded from its peak toward rationality. The stabilization of the indices was primarily supported by heavyweight stocks and defensive sectors, reversing the downward trend in index futures. Previously, Nasdaq futures had dropped over 2%; as of press time, the decline narrowed to 1.2%. Meanwhile, losses for Dow Jones and S&P 500 futures both narrowed to less than 1%.

TradingKey - During Monday's U.S. pre-market trading session, several small-cap energy stocks surged significantly. According to the pre-market top gainers list, companies including Battalion Oil, Trio Petroleum, Indonesia Energy, and US Energy all saw share price increases of over 30%, while TMD Energy soared by more than 260%. This indicates a concentrated inflow of short-term capital into the energy sector.

TradingKey - In traditional macroeconomic frameworks, the US dollar and gold typically exhibit an inverse relationship: a stronger dollar weighs on dollar-denominated gold, while gold rallies are usually accompanied by a weakening dollar. However, both have recently strengthened in tandem. Does this signify a renewed reinforcement of the US dollar credit system, or is it a sign that the global risk premium is rising sharply?

TradingKey - Global stock markets (excluding China's Shanghai Composite Index) plunged on Monday, while international oil prices saw their largest single-day gain in four years. Safe-haven assets rallied across the board as the sharp escalation of tensions in the Middle East injected a new round of uncertainty into global financial markets.

TradingKey - Impacted by ongoing geopolitical tensions in the Middle East, Occidental Petroleum surged 7% in pre-market trading before pulling back to nearly 6%. The persistent conflict has driven oil prices higher, directly benefiting the company. This, coupled with capital preference for safe-haven assets, has collectively pushed the stock price upward.

TradingKey - Following a significant rally in the memory chip sector, Morgan Stanley has reshuffled its rankings within the semiconductor industry. The bank has designated NVIDIA (NVDA) as its top pick in the semiconductor sector, replacing its previous favorite Micron Technology (MU), signaling a renewed positive shift in its medium-to-long-term outlook for the leader in AI core computing power.

TradingKey - During Monday's Asian trading session, futures on the three major Wall Street indices extended their declines as intensifying concerns over escalating geopolitical risks and macroeconomic uncertainty put pressure on risk assets. Gold, silver, and crude oil rose in tandem, with crude oil

TradingKey - With U.S. President Donald Trump nominating Kevin Warsh as the next Federal Reserve Chair, the hawkish-dovish balance within the Fed is undergoing a pivotal shift. If successfully confirmed by the Senate, Warsh will succeed current Chair Jerome Powell in May 2026. This development also

TradingKey - According to the Associated Press, an area near the office of Iran's Supreme Leader has been attacked. Israeli Defense Minister Katz has declared an immediate nationwide state of emergency.

TradingKey - Amid structural downside risks for the U.S. dollar, elevated U.S. equity valuations, and the uncertainty premium stemming from inconsistent White House policies, Wall Street's long-standing confidence in the "structural outperformance" of U.S. stocks is beginning to waver.

TradingKey - In February 2026, the precious metals market strengthened significantly against a backdrop of rising geopolitical risks and fluctuating macroeconomic expectations. Gold (XAUUSD) and silver (XAGUSD) not only extended their strong performance since the beginning of the year but also showed signs of accelerated upward momentum toward the end of the month.

TradingKey — Recently, weighed down by earnings missing expectations and factors such as AI bubble and disruption theories, Tesla (TSLA) shares have continued to slide, falling nearly 20% from their December 2025 peak.

TradingKey - Gold, silver, and oil surged collectively. Gold (XAUUSD) rose nearly 2% on the day to close at $5,280/oz, approaching $5,300. Silver (XAGUSD) recorded its tenth consecutive monthly gain, rising over 6% by the close to reach nearly $94. WTI crude oil front-month futures rose over 3% to settle at $67.29.

TradingKey — Nvidia (NVDA) reported fourth-quarter results that once again exceeded market expectations, but its share price fell 5.5% in overnight trading, erasing approximately $260 billion in market capitalization in a single day as the market engaged in "buy the news, sell the fact" trading.

TradingKey – Netflix (NFLX) has officially withdrawn from the acquisition bid for Warner Bros. Discovery (WBD), stating that the current offer is "no longer financially attractive," and announced the resumption of its share buyback program to reward shareholders.

TradingKey - During the February 27 Asia trading session, gold prices attempted to break through 5,200 again, pulling back after a brief breakout. Signs of profit-taking by bulls are significant, with short-term speculative capital showing an increased inclination to exit as fundamental support weakens.