--- title: "Trump's \"whatever it takes\" vow scares the market, leading to a global sell-off in stocks and bonds, oil prices soaring by 5%, gold and silver declining, and the dollar standing out in the foreign exchange market!" type: "News" locale: "en" url: "https://longbridge.com/en/news/277552593.md" description: "U.S. stock index futures fell, with technology stocks broadly declining in pre-market trading, while oil stocks generally rose. Rising energy prices have sparked inflation concerns, putting pressure on U.S. Treasuries and boosting the dollar. WTI crude oil surpassed $75 per barrel, and Brent crude oil exceeded $82 per barrel, both rising over 5.5% during the day. U.S. natural gas futures rose over 5%. Spot gold's decline widened to 1%, and spot silver fell over 5%" datetime: "2026-03-03T09:56:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277552593.md) - [en](https://longbridge.com/en/news/277552593.md) - [zh-HK](https://longbridge.com/zh-HK/news/277552593.md) generator: "portal-rs" --- # Trump's "whatever it takes" vow scares the market, leading to a global sell-off in stocks and bonds, oil prices soaring by 5%, gold and silver declining, and the dollar standing out in the foreign exchange market! Global financial markets are once again under pressure amid high uncertainty. **U.S. President Trump vowed to push for a new round of stock sell-offs on the Iran issue "at all costs," leading to a continued rise in energy prices, reigniting market inflation concerns, and weakening the global bond outlook.** On Tuesday, **U.S. stock index futures fell, with Nasdaq 100 index futures down nearly 2%.** In pre-market trading, technology stocks broadly declined while oil stocks generally rose. European stocks opened lower collectively, with the MSCI Asia-Pacific index dropping as much as 2.5%, marking the worst two-day cumulative decline since April; Japanese and South Korean stock markets also saw significant declines. The bond market is under pressure, the U.S. dollar is rising, and the dollar index has surpassed 99. In the commodity market, WTI crude oil has broken through $75 per barrel, and Brent crude oil has surpassed $82 per barrel, both rising over 5.5% during the day; U.S. natural gas futures rose over 5%. Spot gold has seen its decline widen to 1%, while spot silver dropped over 5%. This shock has compounded existing market vulnerabilities: prior to the outbreak of conflict, global stock market valuations were already high, and the sustainability of large-scale capital expenditures in artificial intelligence has also come under scrutiny. The inflation concerns triggered by soaring oil prices further weakened market expectations for multiple rate cuts by the Federal Reserve this year, with the pricing for the first rate cut now pushed back to September, and expectations for a third rate cut by 2026 are also fading. Macquarie Bank strategist Gareth Berry stated: > “Contrary to popular belief, shocks from the Middle East that threaten energy flows typically lead to rising global bond yields rather than falling. This is especially true given that the current monetary easing policies have already been priced in by the market and now seem unlikely to be implemented.” Market trends are as follows: > - Dow Jones index futures fell 1.5%, S&P 500 index futures fell 1.5%, Nasdaq 100 index futures fell nearly 2% > > - In pre-market trading, star technology stocks broadly declined, with NVIDIA down 3%, Intel and AMD both down over 3%, and Micron Technology down over 4%. U.S. oil stocks generally rose, with Occidental Petroleum up over 2%. > > - European stocks opened lower collectively, with the Euro Stoxx 50 index down 1.71%, the UK FTSE 100 index down 0.72%, and the French CAC40 index down 1.25%. The German DAX index saw its intraday decline widen to 2%. > > - The Nikkei 225 index closed down 3.1%, the Tokyo Stock Exchange index closed down 3.2%, with Toyota and Sony both down over 6%. > > - The South Korean Composite Index closed down 7.2%, marking the largest single-day decline since August 5, 2024, with Hyundai Motor down nearly 12% and SK Hynix down over 11%. > > - The dollar index continued its previous trading day's increase of 0.7%. > > - The Korean won against the U.S. dollar briefly fell 1.9% to 1467.8, the lowest level since February 24. > > - The 10-year U.S. Treasury yield remained around 4.04% from the previous trading day. > > - The yield on Japan's 5-year government bonds also rose over 5 basis points to 1.585%. The yield on Japan's 40-year government bonds increased by 5 basis points to 3.555%. > > - WTI crude oil broke through $75 per barrel, and Brent crude oil surpassed $82 per barrel, both rising over 5.5% during the day > > - Spot gold's intraday decline has expanded to 1%, reported at $5,256.32 per ounce. Spot silver's intraday decline has expanded to 7%, reported at $83.05 per ounce. > > - Bitcoin is down 2.2%, and Ethereum is down 2.43%. ## Asia-Pacific Stock Markets Lead Decline, US and European Futures Follow On Tuesday, Asia-Pacific stock markets fell across the board, with the MSCI Asia-Pacific Index dropping 2% at one point. The Nikkei 225 Index's decline has expanded to 3%, currently reported at 56,292.02 points. The Seoul Composite Index in South Korea plummeted 7% during the day. SK Hynix and Samsung's stock prices have fallen nearly 10%. **Despite the short-term volatility in the market, Goldman Sachs' Chief Asia-Pacific Equity Strategist Timothy Moe stated in a media interview that the situation in the Middle East could serve as a catalyst for the "technical adjustment that was long overdue" in the market. However, from a strategic perspective, this presents an opportunity to position in Asian assets, as the region's fundamentals remain constructive.** Nick Ferres, Chief Investment Officer of Vantage Point Asset Management, believes that the market's performance on Monday seemed to presuppose a short duration for the conflict, "but this judgment may be overly optimistic." He also pointed out that prior to the outbreak of the conflict, the market was already concerned about the sustainability of AI capital expenditures, technological disruption, and their financing methods. Ana Isabel Gonzalez Encinas, Chief Investment Officer of Farringdon Asset Management Group, stated that the core issue for the market is the duration of the conflict—whether it is a brief risk premium shock or a long-term disruption that will begin to weigh on corporate capital expenditures and hiring decisions. ## Oil Prices Rise, Bond Market Under Pressure The US and Israel continue to strike against Iran, while Iran threatens to block the Strait of Hormuz. The surge in oil prices has driven inflation expectations higher, with traders pushing back the expected timing of the Federal Reserve's first rate cut to September, and the expectation for a third rate cut in 2026 has nearly disappeared. The repricing of interest rate prospects has put pressure on both the stock and bond markets. WTI crude oil has surpassed $75 per barrel, and Brent crude oil has surpassed $82 per barrel, both rising over 5.5% during the day. **Goldman Sachs traders cited historical data indicating that since 2000, in the 22 instances where WTI crude oil rose more than 10% in a single day, the S&P 500 Index often turned positive after an initial decline.** However, the sharp rise in energy prices has raised concerns in the market about inflation prospects, with the 10-year U.S. Treasury yield maintaining around 4.04% from the previous trading day. The yield on Australia's 10-year government bonds jumped significantly by 10 basis points to 4.73% in early trading on Tuesday, while Japan's 5-year government bond yield also rose by more than 5 basis points to 1.585%. Reserve Bank of Australia Governor Michele Bullock stated that the central bank is "highly vigilant" about the potential impact of the Middle East conflict on inflation expectations and is prepared to take policy action if necessary. **According to Bloomberg strategist Mark Cranfield, bonds in Australia, Japan, and South Korea are all in a downward trend, and the overall situation in the Asian fixed income market is more severe than indicated by the overnight performance of U.S. Treasuries.** ## Safe-haven assets remain in demand In the context of declining risk appetite, demand for safe-haven assets has clearly rebounded. Gold prices rose 0.7% on Tuesday, trading at around $5,360 per ounce; silver prices increased by 0.4%, trading near $90 per ounce. Oriano Lizza, a sales trader at CMC Markets Singapore, stated, "This is no longer just headline risk; it has truly entered the pricing phase. Sentiment is bearish, and clients are turning to safe-haven assets like gold for shelter." Anna Wu, a cross-asset investment strategist at Van Eck Associates Corp in Sydney, pointed out that Trump's statement of "at all costs" escalates the narrative against Iran and Syria, "which will extend the duration of volatility shocks." ### Related Stocks - [3110.JP](https://longbridge.com/en/quote/3110.JP.md) - [3023.JP](https://longbridge.com/en/quote/3023.JP.md) - [8617.JP](https://longbridge.com/en/quote/8617.JP.md) - [2820.JP](https://longbridge.com/en/quote/2820.JP.md) - [3069.JP](https://longbridge.com/en/quote/3069.JP.md) - [2806.JP](https://longbridge.com/en/quote/2806.JP.md) - [2809.JP](https://longbridge.com/en/quote/2809.JP.md) - [3067.JP](https://longbridge.com/en/quote/3067.JP.md) - [3040.JP](https://longbridge.com/en/quote/3040.JP.md) - [3175.JP](https://longbridge.com/en/quote/3175.JP.md) - [3097.JP](https://longbridge.com/en/quote/3097.JP.md) - [3189.JP](https://longbridge.com/en/quote/3189.JP.md) - [3167.JP](https://longbridge.com/en/quote/3167.JP.md) ## Related News & Research - [Polygon CEO Triggers Crypto Community With Vacation Take and Schools Critics](https://longbridge.com/en/news/298116277.md) - [Stocks in Play: Bitcoin Treasury Corporation](https://longbridge.com/en/news/298054044.md) - [Bybit upgrades Bitcoin staking vault with a 1.2% guaranteed return](https://longbridge.com/en/news/298058233.md) - [Standard Chartered launches institutional spot crypto trading in UAE](https://longbridge.com/en/news/297888609.md) - [ProCap Financial sells 50 Bitcoin to repurchase shares at 40% discount](https://longbridge.com/en/news/297963677.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**