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Midnight! US stocks and gold rally collectively, Chinese stocks surge! Oil prices plummet
On the evening of March 13, the three major U.S. stock indices all opened higher and continued to rise. International gold prices surged, while oil prices initially plummeted.
As of press time, the Dow Jones Industrial Average increased by 0.85%, and the Nasdaq and S&P 500 both rose nearly 0.9%.
Chip stocks rebounded early in the session, with NVIDIA, ASML, Western Digital, TSMC, Intel, and SanDisk each rising over 1%.
Chinese concept stocks surged; as of press time, the Nasdaq Golden Dragon China Index rose over 1.8%. NIO gained over 4%, Bilibili, Tencent Music, and KE Holdings each increased by more than 2%.
International gold and silver prices rose during trading; as of press time, spot gold was up 0.7%.
Cryptocurrencies broadly rallied; as of press time, Bitcoin was up over 5%, and Ethereum increased over 6%.
Recently, the upward trend in oil prices reversed today, with international crude oil futures prices plunging during trading, with declines reaching up to 2%. As of press time, they were still down nearly 1.4%.
On the news front, according to media reports, U.S. Secretary of Defense Lloyd Austin downplayed concerns that the closure of the Strait of Hormuz caused by war would be an ongoing issue. At a Pentagon press conference, he stated, “We’ve been dealing with this issue, no need to worry.”
According to CCTV News, Ukrainian President Zelensky said at a press conference in Paris on the 13th that, given the U.S. decision to partially ease sanctions on Russian oil, this could bring about approximately $10 billion in war funding for Russia.
Additionally, CCTV News cited U.S. sources saying that President Trump claimed during a G7 leaders’ video conference on the 11th that Iran was “about to surrender,” but in fact, “the Iranian regime has shown no signs of surrender or collapse.”
Sources familiar with the matter said that Trump stated during the G7 video call that Iran was “about to surrender,” but Iran “no longer has anyone who can declare surrender.”
U.S. Secretary of Defense Lloyd Austin on the 13th said that the U.S. plans to destroy all of Iran’s threatening military capabilities.
Some content summarized from CCTV News.
Editor: Liang Qiuyan
Proofreader: Pan Daqi