记者丨张嘉钰 吴斌 赖镇桃 美股存储板块走强，闪迪涨超12%，希捷科技涨超5%，西部数据涨超4%。消息面上， 闪迪 2026 财 年 第 二 季 度 营 收 达 30.3 亿 美 元 ， 同 比 增 长 61%； 净 利 润 为 8.03 亿 美 元 ， 同 比 增 长 672%。 花旗集团将闪迪目标价从490美元上调至750美元。 加密货币概念股普跌，Strategy跌超6%。甲骨文涨超3%，公司启动美元债发行计划。迪士尼 跌超8%，创11月以来最大盘中跌幅，公司Q1营收259.8亿美元，同比增5%。 中概股普跌，纳斯达克中国金龙指数跌0.67%，小鹏汽车跌超10%，蔚来跌超5%，爱奇艺跌超 3%， 百度、 哔哩哔哩跌超1%。苏轩堂药业逆势大涨，涨超40%，叮咚买菜涨超7%。 大宗商品方面，贵金属持续调整，截至发稿，现货黄金跌2.43%，现货白银跌3.89%，沪银跌 超19%。据财联社报道，数据显示，黄金三十日波动率已攀升至44%以上，创2008年金融危机 以来最高。这一水平超过了比特币约39%的波动率。 编辑丨黎雨桐 2月2日，美股集体低开，截至23:24，三大指数转涨，道指涨0.71%，纳指涨0.72% ...

Group 1 - The core point of the article highlights the significant decline in the stock price of Strategy (MSTR.US), which dropped over 8% pre-market and is down nearly 70% from its historical peak, currently trading at $137.30 [1] - Bitcoin experienced a sharp decline, reaching a 10-month low of $74,604 before recovering slightly to $77,800, putting pressure on Strategy's substantial cryptocurrency asset reserves [1] - Since the beginning of 2023, Bitcoin's price has fallen below the average holding cost of Strategy, which is $76,037, a level that has been considered a psychological support for the market [1]

Group 1 - Cryptocurrency-related stocks experienced a decline in pre-market trading following Bitcoin's drop to its lowest level since April [2][4] - The stock of Strategy, the largest corporate cryptocurrency reserve platform, fell by 6.6% in pre-market trading [5] - Other notable declines included Riot Platforms down 3.9%, MARA Holdings down 4.7%, and Coinbase down 3.3% [5] Group 2 - Bitcoin recorded a cumulative decline of 14% over the past five days [5] - On Monday, Bitcoin saw a slight recovery, increasing by 2.4% to $78,276.63 [5]

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]

Group 1: Market Overview - Global markets experienced a "Black Monday" on February 2 due to multiple factors including hawkish expectations from the Federal Reserve, technical adjustment pressures, and concerns over high valuations in technology stocks [1][5] - Precious metals market saw significant volatility, with gold and silver prices dropping sharply after reaching historical highs [1][5] Group 2: Precious Metals - Gold futures on the New York Mercantile Exchange fell to $4423.2 per ounce, a decline of over 6% from the previous trading day, while silver futures dropped to $71.2 per ounce, down over 9% [1][5] - In the spot market, London gold prices fell to $4402.06 per ounce, a drop exceeding 10%, and silver prices fell to $71.312 per ounce, down over 16% [1][5] - The cumulative drop from the historical highs reached on January 29 was approximately 40% for silver and about 20% for gold [1][5] Group 3: Market Reactions - Analysts noted that the nomination of Kevin Warsh as the next Fed Chair by President Trump heightened hawkish expectations, leading to a significant pullback in precious metals [2][5] - The Chicago Mercantile Exchange's increase in metal futures margin requirements added further pressure to the market, as higher capital expenditures can reduce speculative participation and liquidity [2][6] Group 4: Oil Market - The price of light crude oil futures on the New York Mercantile Exchange dropped to $61.43 per barrel, while Brent crude futures fell to $65.45 per barrel, both down over 5% from the previous day [2][6] Group 5: Stock Market - The South Korean stock market faced a sharp decline, with the KOSPI index closing at 4949.67 points, down 5.26% and triggering temporary trading halts [3][6] - The Jakarta Composite Index in Indonesia also saw significant losses, dropping over 5% in early trading [3][6] - The Nikkei 225 in Japan closed down 1.25%, while the Tokyo Stock Exchange index fell by 0.85% [3][6] Group 6: Cryptocurrency - Bitcoin's price fell below $75,000 amid increasing risk sentiment in the market [4][7] - Market volatility has intensified following the recent highs in precious metals and stock markets, with investors reassessing valuations in light of potential Fed policy changes under Warsh's leadership [4][7]

Group 1 - The gold market is experiencing the most severe price volatility since the 2008 financial crisis, with a 30-day volatility exceeding 44%, surpassing Bitcoin's volatility of approximately 39% [1][8] - This marks an unusual role reversal, as gold is typically viewed as a more stable store of value compared to cryptocurrencies, which are known for their speculative nature [1][8] - Over the past 12 months, gold has increased by about 66%, while Bitcoin has decreased by 21% [5][12] Group 2 - Economic uncertainty has driven precious metal prices to record highs, with a significant surge in demand due to geopolitical risks, currency devaluation, and concerns over the independence of the Federal Reserve [2][9] - A dramatic reversal occurred after a rapid price increase, with spot gold dropping by $1,000 in just two trading days, nearing the $4,400 mark [2][9] - Bitcoin has not benefited from the same forces driving gold prices up, falling to a 10-month low and experiencing a cumulative decline of over 40% since its peak in October [4][11]

Core Viewpoint - The recent sharp decline in Bitcoin's price, dropping to around $77,000 and breaking the $80,000 support level, has triggered panic among investors, leading to significant market volatility and a loss of $800 billion in market capitalization since its peak of $126,000 in October last year [1][4]. Group 1: Market Dynamics - The decline in Bitcoin's price has resulted in the forced liquidation of $2.5 billion in leveraged long positions within 24 hours, marking a significant deleveraging process [1][4]. - The current market sentiment is driven by three main factors: escalating geopolitical tensions, the failure of Bitcoin to act as a safe haven, and a surge in the U.S. dollar due to the new Federal Reserve leadership, which has increased the reset costs for dollar-denominated hard assets [5][6]. Group 2: Investor Behavior - Small investors holding less than 10 BTC are capitulating due to a 35% price drop, while "super whales" holding over 1,000 BTC are quietly accumulating, indicating a shift of assets from retail investors to stronger institutional holders [6]. - The market is witnessing a mechanical breakdown of trading logic, with automatic liquidation mechanisms causing a domino effect that forces more positions to be liquidated as prices approach critical levels [2][5]. Group 3: Historical Context - The current market frenzy bears striking similarities to the early signs of the 2022 crypto winter, despite the backing of traditional financial giants like BlackRock and improved regulatory frameworks [3][6]. - If the excessive speculation embedded in current valuations is not cleared, the market may face a deeper and more painful correction, echoing past declines of up to 80% [3][6].

Market Overview - Global financial markets are exhibiting significant anxiety as core assets experience rare volatility, with gold prices reaching a historical high of approximately $5600 per ounce before a sharp decline [1][4] - Silver has also faced challenges, dropping from a historical high of $120 per ounce to a low of $108 per ounce, while platinum and palladium fell by about 6% [1][4] - The overall commodity market is undergoing a profound valuation reshaping, reflecting a broad retreat in prices [1][4] Cryptocurrency Market - The cryptocurrency market is in a state of stagnation, with Bitcoin dipping to $81,000, contributing to a low market sentiment [1][4] - MicroStrategy, heavily invested in Bitcoin, saw its stock price plummet nearly 10% to $143, marking a cumulative decline of about 70% since last summer, indicating the vulnerability of digital asset-related stocks during downturns [1][4] Policy Developments - A recent vote by the U.S. Senate Agriculture Committee to pass the cryptocurrency market structure bill is viewed as a significant positive development, providing a clearer regulatory framework for the market [2][5] - This regulatory clarity is expected to lay the groundwork for the future normalization and development of the cryptocurrency market [2][5] Technology Sector - In the tech sector, earnings reports have led to stark stock price differentiation; Microsoft reported better-than-expected earnings but fell 10% due to weak Azure growth and substantial AI investment costs, marking its largest single-day drop since 2020 [2][5] - Conversely, Meta Platforms surged by 10.4% due to significant data center expansion and optimistic revenue outlook, indicating a reassessment by investors of the balance between AI investment and returns [2][5] Other Key Stocks - Tesla's stock declined by 3.5% following its announcement to gradually shift focus from electric vehicles to humanoid robot manufacturing [3][6] - Apple experienced a rise in stock price during after-hours trading, driven by strong iPhone sales contributing to revenue growth [3][6] Investment Strategy - The current trading environment is complex and volatile, with a shift in the volatility center of various assets, prompting investors to remain cautious of potential second dips in high-priced assets due to profit-taking pressures [6]

Group 1 - The Hong Kong stock market saw a collective decline in cryptocurrency-related stocks, with Star Chain Group falling over 23%, OSL Group down over 10%, and OK Blockchain down over 7% [1] - Bitcoin dropped to a 10-month low of $74,546.46 [1] Group 2 - Star Chain Group (code: 00399) decreased by 23.53% to a latest price of $0.065, with a total market capitalization of $139 million [2] - OSL Group (code: 00863) fell by 10.44% to a price of $15.010, with a market cap of $11.927 billion [2] - OK Blockchain (code: 01499) declined by 7.61% to $0.170, with a market value of $91.3 million [2] - Other notable declines include Boyaa Interactive down 6.97%, New Fire Technology Holdings down 6.30%, and Guotai Junan International down 5.24% [2]