Yulia Zeng

TradingKey - Nvidia (NVDA) CEO Jensen Huang recently delivered a powerful signal to global memory chip manufacturers at the Morgan Stanley Technology Conference: expand production with confidence, as Nvidia will take all available supply.

TradingKey - The Federal Reserve is caught in a policy dilemma: facing the tangible pressure of a cooling labor market on one side and latent inflationary risks from surging energy prices on the other. Whether to maintain a restrictive high-interest-rate stance to curb inflation or pivot to early rate cuts to bolster employment has become a significant challenge for policymakers.

TradingKey - At noon on March 9 Beijing Time, after escalating geopolitical conflicts in the Middle East caused international crude oil prices to surge, the Group of Seven (G7) urgently activated a response mechanism, planning a coordinated release of oil reserves to stabilize prices. Following the news, international oil prices retreated from their highs, with WTI crude’s intraday gain narrowing to 14% and Brent crude’s intraday gain narrowing to 15%.

TradingKey - NVIDIA (NVDA) GTC 2026, the world's most anticipated annual event in the global AI computing sector, will take place from March 16 to 19.

TradingKey - Following the escalation of the U.S.-Iran conflict, gold (XAUUSD) should have been the primary choice for safe-haven capital based on conventional market reactions to geopolitical instability. However, after surging to $5,400/oz, gold quickly retreated below the $5,000 mark and has since largely oscillated around $5,100. Meanwhile, the U.S. dollar, which had been consistently weakening, instead experienced a rally.

TradingKey - Global markets were spooked by crude oil supply shocks triggered by the escalation of hostilities in the Middle East. U.S. benchmark crude oil futures surged this Thursday, recording their largest single-day closing gain since 2020. U.S. Interior Secretary Burgum subsequently confirmed that the Trump administration is weighing a series of response options, stating that "all options are on the table," including measures for immediate impact as well as more complex long-term solutions.

TradingKey - During the early Asian session on March 6, spot gold (XAUUSD) maintained a volatile and slightly downward trend, currently trading near $5,074/oz. Meanwhile, spot silver (XAGUSD) edged up 0.21% to $82.07.

TradingKey - On March 4 local time, NVIDIA (NVDA) CEO Jensen Huang stated at the Morgan Stanley Technology, Media & Telecom Conference that the company's recent $30 billion investment in OpenAI will likely be its final equity investment in the entity. At the same time, he explicitly ruled out the possibility of a previously proposed $100 billion investment plan proceeding.

TradingKey - The sharp escalation of geopolitical conflicts in the Middle East has triggered market panic regarding disruptions to key supply chains, directly pushing up global aluminum prices and disrupting the established rhythm of international commodity trade. As tensions between the U.S. and Iran intensify, Iran's threat to close the Strait of Hormuz poses a direct threat to the supply chain security of Middle Eastern aluminum smelters, which account for 9% of global production capacity.

TradingKey - On March 4 local time, the U.S. Senate voted 47-52 to reject a resolution aimed at restricting Donald Trump's military actions against Iran. This signifies that a majority of senators support Trump's military operations against Iran, effectively granting him the authority to proceed with further military actions.

TradingKey - On March 5, stock markets in Tokyo and Seoul opened higher and continued to rise, staging a strong rebound. The Nikkei 225 Index opened up 1.8%, with intraday gains expanding to nearly 4%. The KOSPI in Seoul opened with a 3.1% gain, which subsequently expanded further to 12%.

TradingKey - On Tuesday local time, the escalation of conflict in the Middle East triggered intense global market volatility. Gold (XAUUSD), bonds, and stocks fell in tandem, an unconventional movement that shattered the conventional logic of "buying safe havens during turmoil and trading stocks during stability."

TradingKey - On March 4, the benchmark indices of Japan and South Korea opened under pressure and trended lower. South Korea’s KOSPI Index opened down 3.44%, with intraday losses widening to as much as 6% before narrowing. In the Japanese market, the Nikkei 225 Index opened 1.4% lower and continued to decline, breaking below the 55,000 psychological level during intraday trading.

TradingKey - On March 3 local time, European natural gas futures prices surged for a second consecutive trading day, driven by production halts at core facilities of QatarEnergy. European benchmark natural gas futures soared 32% on Tuesday alone, with cumulative gains exceeding 60% over two trading

TradingKey - On Monday, March 2 local time, NVIDIA (NVDA) announced that it has entered into a deep strategic partnership with optical technology manufacturers Lumentum (LITE) and Coherent (COHR). NVIDIA will invest $2 billion in each company, totaling a massive $4 billion investment. This move advances NVIDIA's strategic layout in the field of AI data center network architecture to a new stage.

TradingKey - Over the past year, even against a backdrop where the Trump administration frequently instigated trade frictions, undermined trust in international institutions, and created diplomatic uncertainty, the global economy demonstrated greater-than-expected resilience. The market seemed to signal that geopolitics and economic growth could "follow separate paths." However, a fundamental shift occurred when military actions by the U.S. and Israel against Iran escalated into a regional conflict.

TradingKey - At the opening of the Asian session on March 3, spot gold (XAUUSD) and silver (XAGUSD) prices both edged higher.

TradingKey - On February 28 local time, the United States and Israel launched joint large-scale airstrikes against Iran, targeting its nuclear facilities, missile industry, and naval forces. This marks another sharp escalation in the conflict following the US military strikes on Iranian nuclear facilities in June last year. The military operation not only exacerbates already strained geopolitical tensions but has also sent shockwaves through global capital markets, which is expected to further boost defense stocks.

TradingKey - A sharp escalation in geopolitical risks has directly triggered intense volatility in global crude oil markets. At the market open this Monday, WTI crude oil futures surged by over 11%, and Brent crude opened up 13%, though these gains subsequently narrowed.

TradingKey - On Monday, crude oil prices in Asian markets surged as tensions in the Middle East continued to escalate following joint military strikes by the U.S. and Israel against Iran. International benchmark Brent crude jumped approximately 13% at the open, hitting an intraday high of $82 per barrel before paring some of those gains.