Articles in this Cluster
02-02-2026
Asia-Pacific markets experienced a decline on Monday, with South Korean benchmarks leading the losses. The Kospi index fell over 5%, while the Kospi 200 futures dropped as much as 5%, triggering a temporary halt in trading. China's factory activity showed signs of expansion in January, according to a private survey. Gold and silver prices continued to decline, with spot gold losing around 6% to $4,538 per ounce. Investors are assessing the impact of China's economic data and the recent decline in precious metals prices.
Entities: Asia-Pacific markets, South Korea, Kospi index, Kospi 200 futures, China • Tone: neutral • Sentiment: negative • Intent: inform
02-02-2026
The article discusses the market reaction to US President Donald Trump's announcement of Kevin Warsh as the new Federal Reserve chair. Markets initially reacted positively, with the US dollar strengthening, as Warsh is seen as a credible and independent choice. However, risk assets such as gold, silver, and cryptocurrencies plummeted, with gold and silver experiencing significant losses. Asian markets also fell, with South Korea's Kospi sinking over 5%. The article also touches on other news, including China's factory activity growing at its fastest pace since October and the upcoming earnings reports from tech giants Alphabet and Amazon.
Entities: Kevin Warsh, Donald Trump, Federal Reserve, US, China • Tone: neutral • Sentiment: negative • Intent: inform
02-02-2026
Gold and silver prices continued their sell-off on Monday, with gold losing around 6% to $4,538 per ounce and silver dropping over 12% to $74.36 per ounce. The decline extends last Friday's rout, when gold crashed nearly 10% and silver nosedived 30%. Analysts attribute the pullback to a firmer dollar, profit-taking, and a reassessment of Federal Reserve leadership after President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Fed Chair. Despite the short-term volatility, some analysts remain bullish on gold and silver in the longer term, citing potential renewed dollar weakness or a dovish Warsh.
Entities: Gold, Silver, Donald Trump, Kevin Warsh, Jerome Powell • Tone: neutral • Sentiment: negative • Intent: inform
02-02-2026
The stock market experienced a downturn on Sunday night as traders reacted to a weekend sell-off in bitcoin and concerns over Nvidia's investment in OpenAI. Stock futures fell, with Dow Jones Industrial Average futures losing 143 points, or 0.3%, S&P 500 futures dipping 0.6%, and Nasdaq-100 futures shedding nearly 1%. Bitcoin dropped below $80,000 for the first time since April. The market is also awaiting the release of the January U.S. jobs report and earnings reports from over 100 S&P 500 companies, including Amazon, Alphabet, and Disney. Despite a strong overall reporting season, there have been some high-profile post-earnings sell-offs.
Entities: New York Stock Exchange (NYSE), New York City, Wall Street, Bitcoin, Nvidia • Tone: neutral • Sentiment: negative • Intent: inform
02-02-2026
The shares of major Chinese electric vehicle (EV) makers listed in Hong Kong, including BYD, Xpeng, Li Auto, and Nio, plummeted on Monday morning due to disappointing January sales figures. The sales slump was attributed to the end of government tax incentives and a adjusted cash subsidy policy, which negatively impacted the industry. BYD, the world's largest EV builder, reported a 50% month-on-month decline in deliveries, while Xpeng, Li Auto, and Nio also saw significant sales drops. Analysts predicted a difficult year for the EV industry due to the loss of government support.
Entities: BYD, Xpeng, Li Auto, Nio, Hong Kong • Tone: negative • Sentiment: negative • Intent: inform
