Core Viewpoint - Global markets experienced a significant downturn on February 2, referred to as "Black Monday," due to multiple factors including hawkish expectations from the Federal Reserve, technical adjustments, and concerns over high valuations in the tech sector [1][2]. Group 1: Precious Metals Market - Precious metals saw extreme volatility, with gold futures dropping to $4423.2 per ounce, a decline of over 6% from the previous trading day, while silver futures fell to $71.2 per ounce, down more than 9% [1][2]. - In the spot market, London gold prices fell to $4402.06 per ounce, a drop exceeding 10%, and silver prices hit $71.312 per ounce, down over 16% [1]. - Compared to the historical highs on January 29, silver prices experienced a cumulative drop of 40% by February 2, while gold prices fell approximately 20% [1]. Group 2: Oil Market - The oil market also faced significant declines, with light crude oil futures on the New York Mercantile Exchange dropping to $61.43 per barrel and Brent crude futures falling to $65.45 per barrel, both down over 5% from the previous day's close [2]. Group 3: Stock Market - The South Korean stock market suffered a sharp decline, with the KOSPI index closing at 4949.67 points, down 274.69 points or 5.26%, triggering temporary trading halts [3]. - The Indonesian stock market also saw substantial losses, with the Jakarta Composite Index dropping over 5% in early trading [3]. - Japan's Nikkei 225 index closed down 1.25%, and the Tokyo Stock Exchange index fell by 0.85% [3]. Group 4: Cryptocurrency Market - Increased risk sentiment led to Bitcoin prices dropping below the $75,000 mark [4]. - Market volatility intensified following the rise in precious metals and stock market highs, with investors reassessing valuations amid potential changes in Federal Reserve policy under Kevin Walsh's leadership [4].

Group 1 - Global markets experienced a "Black Monday" on February 2 due to multiple factors including hawkish expectations from the Federal Reserve, technical adjustments, and concerns over high valuations in tech stocks [1][2] - Precious metals saw significant volatility, with gold futures dropping to $4423.2 per ounce, a decline of over 6%, and silver futures falling to $71.2 per ounce, down more than 9% [1][2] - The price of gold and silver experienced sharp declines after reaching historical highs, with silver prices down 40% from the peak on January 29 and gold prices down approximately 20% [1] Group 2 - The market's reaction to the nomination of Kevin Walsh as the next Fed Chair has led to strong hawkish expectations, contributing to the sell-off in precious metals [2] - The Chicago Mercantile Exchange's increase in metal futures margin requirements has further pressured the market, leading to forced liquidations and a domino effect across other assets [2] - The oil market also faced declines, with light crude oil futures dropping to $61.43 per barrel and Brent crude futures falling to $65.45 per barrel, both down over 5% from the previous day's close [2] Group 3 - Stock markets in South Korea and Indonesia faced significant declines, with the South Korean Composite Index dropping 5.26% and the Jakarta Composite Index also falling over 5% [3] - The Japanese stock market saw the Nikkei 225 index close down 1.25%, reflecting a broader trend of market reversal after a strong performance in January driven by AI investments [3] - Increased risk sentiment led to a drop in cryptocurrency prices, with Bitcoin falling below $75,000, indicating heightened market volatility [4] Group 4 - Market volatility is intensifying as investors reassess valuations in light of potential changes in monetary policy under Walsh's leadership, which may be influenced by President Trump's stance [4] - The uncertainty surrounding Walsh's potential policies is contributing to increased market fluctuations, as investors remain cautious [4]