Analyst: The market has not shown panic at the moment, but the stock market may face a larger-scale sell-off during the Asian trading session.

BlockBeats News, on March 2nd, Monday opening, stock index futures prices generally declined, while oil and gold prices rose slightly, but there is currently no sign of panic. Institutional analyst Mark Kudmore pointed out that the fluctuations of most non-energy commodities are relatively small, and almost all commodity prices have retreated from extreme levels at the open.

Oil prices narrowed from over 13% at the open to 8%, with some profit-taking beginning to appear. Gold and silver prices both increased by more than 1%, but considering recent market volatility, this gain seems relatively moderate. Overall, although it is too early to draw conclusions, the market has not shown signs of panic so far.

However, it would be naive to think this can serve as an accurate guide for the entire trading session today. As spot markets across Asia open one after another, we may face larger-scale sell-offs, especially if there are issues with “memory” trading (which has already pushed the KOSPI index up by 50% this year) (Jin10).