Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
[US Stock Market] Trump: Iran issue will be resolved soon, energy prices will fall back; Egypt confirms participation in mediation; Dow drops 75 points, oil rises 4% (updating)
U.S. President Trump recently extended the deadline for opening the Strait of Hormuz to Iran by 5 days. However, only 48 hours remain, and the two countries have yet to reach an agreement at the negotiation table. Trump posted on social platform Truth Social, saying Iran’s negotiators are unusual and a bit “strange.” On one hand, they “plead” for a deal, which is understandable. But they also publicly say they are only considering the U.S. proposals. He bluntly said this is a big mistake and urged Iran to take it seriously soon, or it will be too late with dire consequences!
Later, in an interview, he said the Iran issue will be resolved soon, not too long, and energy prices will fall back, possibly even to lower levels. He is unsure if they are willing to reach an agreement with Iran now, noting they should have done so four weeks ago and have missed that opportunity. He also mentioned the U.S. has thoroughly destroyed Iran’s navy and air force, as well as about 90% of its missiles and missile launchers. He claimed Iran should have used nuclear weapons against Israel, other regional countries, and the U.S.
Iran’s Tasnim News Agency quoted sources saying Iran officially responded on Wednesday (25th) to the U.S. proposed 15-point ceasefire agreement and is awaiting the other side’s reply. Iran stated that enemy aggression and terrorist acts must end, objective conditions must be created to ensure war does not recur, war reparations must be guaranteed and resolved, and the end of the war must be implemented on all fronts, targeting all resistance groups involved, across the entire region.
Egypt confirmed participation in U.S.-Iran mediation. Foreign Minister Abdelatty said Egypt, along with Turkey and Pakistan, is helping facilitate messages between the U.S. and Iran and is involved in broader mediation efforts to de-escalate regional tensions.
Markets are worried about renewed Middle East conflict, with international oil prices rebounding. NY crude futures are at $93.02, up 3%; Brent crude futures at $106.7, up 4.4%. Gold prices, after rising for two days, have recently fallen back, with spot gold down 1% at $4,462.
U.S. stocks opened on Thursday with mixed performance. The Dow rose 58 points to 46,487; the S&P fell 26 points to 6,565; the Nasdaq dropped 145 points or 0.6% to 21,784.
Schroders said that the development of the Iran conflict remains uncertain, making the economic and financial outlook difficult to predict: in scenarios where oil prices are above $120 per barrel or below $90, the global economy would look very different. Compared to February, the probabilities of these two extreme scenarios have increased, while the “economic stability” scenario, which was more moderate and dovish, has decreased in likelihood.
The firm noted that due to inflationary pressures from oil price shocks, the probability of an “overheating” economy has increased, but this assessment remains lower than market expectations. Central banks worldwide will closely monitor the potential for “second-round impacts,” such as rising medium-term inflation expectations, wage increases, and supply chain disruptions.
Hong Kong stocks and ADR markets are continuously updating. See the next page for details.
Market Trends:
【23:00】Trump: Iran issue will be resolved soon, energy prices will fall; Egypt confirms participation in mediation; Dow down 75 points, oil up 4%
【21:30】Trump urges Iran negotiators to take negotiations seriously; Egypt confirms mediation participation; Dow down 218 points, oil up 4%
【18:15】Dow futures down 317 points, Nasdaq futures down 0.8%; oil up 4%, gold latest after two days of rebound
【14:27】Dow futures down 190 points at 46,521; S&P futures down 29 points at 6,611; Nasdaq futures down 126 points or 0.5% at 24,241
【14:27】Oil up 2%, NY crude at $92.41, up 2.3%; Brent at $104.68, up 2.4%. Gold, after two days of rebound, latest at $4,446, down 1%; spot gold down 1.7% at $4,429.
【14:19】【Private Equity】Goldman Sachs former CEO warns of hidden “fire” in private markets; potential large impairments if assets are not sold
【13:39】【Stock Analysis】Dow up 300 points; analysis: current rebound driven by ceasefire hopes, US-Iran conflict unlikely to end soon, oil prices expected to rise again
【11:58】【Iran Crisis】BlackRock CEO warns investors underestimate Iran war risk; even if “war ends tomorrow,” oil could surge to $150
【11:43】【AI + Meta】Massive AI investments; Meta launches new round of layoffs involving hundreds
【10:47】【Dollar Trend】Morgan Stanley: Rising dollar may be a “trap for long positions”; market underestimates negative impact of Iran conflict on US economy; expects two rate cuts this year
【10:15】【US Rate Cuts】Fed Board member Mester raises rate cut expectations by 0.5%, citing no relation to oil or Iran
【09:28】【Gold Trend】Gold continues to stabilize after two days of rebound, remains above $4,500
【08:47】【Oil Trend】US evaluates impact of oil prices rising to $200; White House denies
【08:29】【Iran Crisis】Citrini founder: Fed will “ignore” oil shocks, do not give up on rate cuts; AI “Doomsday Report” in February unsettled markets
【08:04】【Xi-Trump Meeting】White House announces Trump’s visit to China on May 14-15; Xi Jinping to visit Washington later this year
【07:27】【Iran Crisis】No signs Iran will “send big gift”; White House Leavitt: if Iran refuses to accept reality, Trump will escalate strikes (ongoing updates)
$1 or less for March 25 U.S. stock market overview====
Wednesday: Dow up 305 points; Iran shot down US F-18; White House: Trump to visit China in mid-May
White House Press Secretary Leavitt announced Wednesday that President Trump will visit China on May 14-15 in Beijing; market expects this schedule indicates the US expects the Middle East war to end around mid-May, leading to a significant rebound in US stocks.
See the market close:
Dow Jones rose as much as 594 points amid ongoing war uncertainty, closing at 46,429; S&P up 0.54%, Nasdaq up 0.77%, Chinese concept stocks (Golden Dragon Index) up 1.86%.
Key stocks: Tesla released a video of the Optimus robot, revealing details about its development environment, gearboxes, dexterous hands, etc. Tesla claims Optimus will revolutionize labor and manufacturing economies. Elon Musk said Optimus 3 is expected to start production this summer, with mass production possible by 2027. Tesla (TSLA) up 0.8%.
Amazon and Nvidia stocks rose 2%; UK chip designer ARM announced its own chips, boosting ADRs by 16.4%.
Iran’s Islamic Revolutionary Guard Corps announced Wednesday that its air defense shot down a US F-18 in southeastern airspace that afternoon; the aircraft later crashed into the Indian Ocean.
Iran’s Fars News Agency quoted sources saying Iran will reject the US ceasefire proposal and continue attacks on Israel and Gulf Arab countries. They criticized Trump’s indirect negotiations as illogical and unfeasible at this stage. Iran focuses on achieving its goals; only when these are met can the war end, not just a ceasefire. This news caused oil prices to fall slightly, with NY crude dropping up to 6.38%, closing at $90.32, down 2.2%; Brent once plunged 7% to $97.15, closing at $102.22, down 2.2%.
Iran’s Press TV cited the Atomic Energy Organization reporting that the Bushir nuclear plant was attacked again Tuesday night at 9 pm local time. The plant was previously attacked in mid-March; IAEA said the reactor was undamaged.
Iran reiterated that non-hostile ships can pass safely through the Strait of Hormuz after coordination. Marine Traffic data shows nine ships have passed through the strait since Monday (23rd).
Spot gold rose up to 2.83%, at $4,602.34; Bitcoin briefly up 2.79% to $72,013.
Memory chip stocks tumbled against the trend. Micron (MU) fell 3.4%, Sandisk (SNDK) down 3.5%. The decline was mainly due to South Korea’s SK Hynix planning to list in the U.S.
Foreign media reported SK Hynix has submitted confidential filings to the SEC to issue ADR within the year, aiming to raise up to $10 billion. A company spokesperson said that measures to increase shareholder value, including ADR issuance, are under review but no final decision has been made.
Hong Kong stocks and ADR markets are continuously updating. See the next page for details.
Market Trends:
【22:40】Iran reportedly collecting “passage fees” from ships passing through the Strait of Hormuz; Dow down 88 points, Nasdaq down 0.6%, oil up 3%
【21:30】Pakistan ready to host US-Iran talks; Dow down 338 points, Nasdaq down 0.6%, oil up 4%
【18:00】【Iran Crisis】Possible signs of easing? Trump’s alleged offer of huge protection fee: $2.5 trillion to end war
【16:00】【Iran Crisis】US sets April 9 as “end of war” date; Iran continues denial
【14:00】Dow futures down 258 points at 46,264; S&P futures down 38 points at 6,596; Nasdaq futures down 150 points or 0.6% at 24,258
【14:00】Oil rebounds, NY crude at $91.6, up nearly 4%; Brent at $103.4, up 3.4%. Gold continues to weaken, NY gold down 0.9% at $4,400, spot gold at $4,357.
【14:00】【Iran Crisis】DBS: Short-term gold prices expected to fluctuate with Middle East conflict; target end-2023 at $6,250
【13:23】【AI + OpenAI】OpenAI reportedly offers generous terms to private equity firms, with a 17.5% minimum return, competing for enterprise AI market
【13:08】【OnlyFans】Billionaire owner Leonid Radvinsky dies of cancer at 43
【12:34】【Gold Trend】Gold prices after nine consecutive declines remain soft; local two-ounce gold price drops below HKD 40,000
【12:15】【Switch 2】Nintendo plans to cut Switch 2 production by about 33% this quarter; cut may continue into April
【11:51】【Gold Trend】Gold enters bear market, down over 20% from high; Morgan Stanley: funds flowing from safe-haven assets to stocks, positive for US equities
【11:19】【Iran Crisis】Minister of State Shoei Naka orders assessment of oil supply chain amid crisis; Ministry of Finance reportedly consulting markets on possible intervention in crude futures
【10:36】【AI + Investment】BlackRock CEO: AI wave may worsen wealth inequality; investors should hedge via stock holdings
【08:37】【AI + OpenAI】OpenAI states dependence on Microsoft in investor documents as a risk; what other risks exist?
【08:08】【Iran Crisis】Fed official Daly: US economy faces at least two scenarios; Fed needs flexibility to respond to risks
【07:48】【AI + Apple】Apple’s annual WWDC scheduled for June 8, expected to introduce new AI features
【06:32】【Iran Crisis】Iranian Parliament Speaker denies negotiations with Trump; UK’s “Dragon” destroyer arrives in Mediterranean (ongoing updates)
$1 or less for March 23 U.S. stock market overview====
Monday: Trump’s comments questioned; Dow halves gains to 631 points; oil down 10%
U.S. President Trump claimed negotiations with Iran have paused attacks on power plants, boosting oil and stocks. The Dow once rose 1,134 points to a high of 46,712; the S&P rose 2.2% to 6,651; Nasdaq up 2.5% to 22,189. But gains narrowed at close: Dow up 631 points at 46,208; S&P up 1.1%; Nasdaq up 1.4% at 21,946.
See the market close:
Oil once fell 14.1%, closing down 10%, NY crude at $88.13, Brent at $100.5. Gold fell 7% at one point, low of $4,099.18, closing down 1.9% at $4,407.18.
Macquarie’s FX and rates strategist Thierry Wizman said, “We remain cautious about early reports of ‘breakthroughs’ and tweets,” believing that the war is unlikely to last beyond April, as Iran’s threat may weaken, but large-scale military action probably won’t end this week.
Trump posted on Truth Social that negotiations went smoothly over the past two days, with talks ongoing, and he has instructed the U.S. military to pause all attacks on Iran’s power plants and energy infrastructure for five days, contingent on successful meetings and discussions.
He later said the two sides have reached multiple agreements and discussed Iran’s leadership candidates, claiming Iran has agreed to give up nuclear weapons. But he also warned that if negotiations break down, bombing will continue.
Iran’s Tasnim News Agency later quoted sources saying the U.S. and Iran have not engaged in negotiations and are not currently talking. They also indicated that U.S. attacks continue, and the Strait of Hormuz will not return to pre-conflict status. Another agency, Mehr, cited Iran’s Foreign Ministry saying Trump’s comments aim to lower energy prices and buy time for military plans.
Iran’s Foreign Ministry also stated that some initiatives to ease tensions exist, but Iran’s response is that the U.S. should be the party to dialogue, as Iran is not the one initiating war.
Trump further responded, saying negotiations took place on the evening of Sunday (22nd), emphasizing Iran’s urgent desire for a deal, and expressing confusion over why Iranian media refutes his statements.
T. Rowe Price noted that after Iran was attacked, gold initially surged as a safe haven, but the rally was short-lived as markets quickly reinterpreted the event as a geopolitical risk. Investors did not see it as a sustained geopolitical shock but rather as inflation driven by energy prices. This shift pushed real yields higher, strengthened the dollar, and weakened gold’s outlook.
Gold had already gained significantly before the event, limiting further safe-haven inflows. The outlook remains influenced by macro and geopolitical factors. In the short term, key factors include real yields, central bank policies, energy prices, and the dollar. The firm still views gold as a strategic asset rather than a short-term trading tool. Structural demand from central banks and uncertain policy outlooks support gold prices, even if short-term prices may remain volatile.
Hong Kong stocks and ADR markets are continuously updating. See the next page for details.
Market Trends:
【22:15】Trump: If US-Iran talks break down, bombing will continue; Dow rebounds 890 points, oil down 10%
【21:30】Trump delays final deadline by 5 days, says negotiations ongoing; Dow up 744 points, oil down 8%
【20:10】Iran denies negotiations; Dow futures narrow gains; oil down 5%
【19:10】Trump: Progress in talks, final deadline delayed 5 days; Dow futures up 1,207 points, Nasdaq futures up 2.2%; oil drops 10%
【14:13】Dow futures down 200 points at 45,693; S&P futures down 37 at 6,521; Nasdaq futures down 167 points or 0.7% at 23,934
【14:13】Oil rises, NY crude at $98.97, up 0.8%; Brent at $112.85, up 0.6%
【14:13】【Gold Trend】Spot gold drops below $4,300, erasing this year’s gains; local two-ounce gold drops HKD 1,000, back below HKD 40,000
【13:25】【Oil Market】Goldman warns of “largest supply shock in history,” raises 2026 Brent forecast to $85
【13:15】【Iran Crisis】IEA chief: Over 40 energy assets in Middle East severely damaged; conflict’s impact akin to two oil crises in the 1970s plus 2022 Russia-Ukraine crisis
【11:40】【Yen Trend】Yen/ HKD at 4.9; Japanese officials again “export tactics”: ready to take all necessary measures to respond to exchange rate fluctuations
【11:21】【Iran Crisis】KOSDAQ “Black Monday”; Korean stocks fall 5%, sixth “Sidecar” mechanism this year; Nikkei drops over 2,600 points
【10:56】【AI + Chips】Elon Musk: Terafab project to land in Austin; Tesla and SpaceX jointly operate
【07:30】【Iran Crisis】Final day of deadline; Trump and Iran threaten to strike civilian infrastructure; oil volatile (ongoing updates)
【07:30】【Market Outlook】Focus on Middle East conflict, Fed officials’ comments; US March manufacturing PMI due Tuesday
【07:30】Iran conflict intensifies; Trump: “I don’t want a ceasefire”; energy prices fluctuate; Dow drops over 600 points at one point; 6-month US bond yield hits high; market expects 40% chance of rate hike in September. Dow down 443 points at 45,577; S&P down 1.51%; Nasdaq down 2.01%.
See the market close: