On Thursday, the U.S. Dollar Index rose after fluctuating, driven by market expectations that the U.S. economy would remain resilient and Iran’s call for Houthi forces to prepare to block the Strait of Mandeb; it ultimately closed up 0.22% at 100.73;The benchmark 10-year U.S. Treasury yield closed at 4.559%, while the 2-year U.S. Treasury yield, which is sensitive to the Federal Reserve’s policy rate, closed at 4.158%.
Spot gold continued its downward trend, breaking below the $4,000 threshold. It fell nearly $100 during the session and ultimately closed down 2.06% at $3,976.42 per ounce;Spot silver followed gold lower, ultimately closing down 3.9% at $55.50 per ounce.
International oil prices experienced sharp volatility amid concerns that the Hodeidah Strait could be blockaded by Houthi forces.WTI crude briefly surged to $80 during the session but quickly gave up all its gains and turned lower, ultimately closing down 1.05% at $78.88 per barrel; Brent crude closed down 0.78% at $84.02 per barrel.
The three major U.S. stock indices closed lower: the Nasdaq fell 1.47%, the Dow Jones Industrial Average dropped 0.2%, and the S&P 500 declined 0.51%.SK Hynix ADR (SKHY.O) closed down 13.6%, SanDisk (SNDK.O) fell 12.6%, and Micron Technology (MU.O) dropped 5.6%.Google (GOOG.O) fell more than 4%, and Nvidia (NVDA.O) fell more than 2%. The Nasdaq China Golden Dragon Index closed up 1.8%, with Tencent Music (TME.N) rising 4%.