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Higher oil prices on Monday and a stronger dollar may weaken the upward momentum created by the Asian stock market's rebound on Friday. Pre-market futures on US stocks showed risk aversion in the market, and Nasdaq 100 futures fell 0.5%. The Korea Composite Index has been falling for five weeks in the past six weeks, and the beginning of this week is under pressure. The overall risk appetite of US stocks picked up last Friday. The S&P 500 index closed higher, and the VIX volatility index fell to around 15, the lowest level since January this year, but trends in some sectors of the market were weak. High-beta growth stocks generally fell, and Micron's stock price declined. Even before the crude oil price rose sharply, it had brought negative guidance to leading Korean memory chip stocks. Affected by typhoon Bawe, Taiwan's stock market was closed on Friday and is expected to make up for gains today, keeping up with the overall rise in regional stock markets last Friday. TSMC will release its earnings report this Thursday, and the monthly revenue data released by the chip company after opening on Monday will be an immediate reference indicator for judging the progress of global artificial intelligence infrastructure construction. The market will also face a number of macro-level tests this week, including US banking earnings reports and consumer price index data. The dollar weakened in the second half of last week, providing support for the stock market. However, once the geopolitical conflict intensifies, it will push the US dollar to strengthen and tighten the financial environment, which in turn will put more downward pressure on risky assets. Precious metals fell sharply across the board in early Monday trading. The price of gold fell below 4,100 US dollars per ounce, and silver fell about 2%.

Zhitongcaijing·07/12/2026 23:25:01
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Higher oil prices on Monday and a stronger dollar may weaken the upward momentum created by the Asian stock market's rebound on Friday. Pre-market futures on US stocks showed risk aversion in the market, and Nasdaq 100 futures fell 0.5%. The Korea Composite Index has been falling for five weeks in the past six weeks, and the beginning of this week is under pressure. The overall risk appetite of US stocks picked up last Friday. The S&P 500 index closed higher, and the VIX volatility index fell to around 15, the lowest level since January this year, but trends in some sectors of the market were weak. High-beta growth stocks generally fell, and Micron's stock price declined. Even before the crude oil price rose sharply, it had brought negative guidance to leading Korean memory chip stocks. Affected by typhoon Bawe, Taiwan's stock market was closed on Friday and is expected to make up for gains today, keeping up with the overall rise in regional stock markets last Friday. TSMC will release its earnings report this Thursday, and the monthly revenue data released by the chip company after opening on Monday will be an immediate reference indicator for judging the progress of global artificial intelligence infrastructure construction. The market will also face a number of macro-level tests this week, including US banking earnings reports and consumer price index data. The dollar weakened in the second half of last week, providing support for the stock market. However, once the geopolitical conflict intensifies, it will push the US dollar to strengthen and tighten the financial environment, which in turn will put more downward pressure on risky assets. Precious metals fell sharply across the board in early Monday trading. The price of gold fell below 4,100 US dollars per ounce, and silver fell about 2%.