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.

On March 2nd, Monday’s opening, stock index futures generally declined, while crude oil and gold prices rose. However, there is currently no sign of panic. Institutional analyst Mark Kudmore pointed out that most non-energy commodities have experienced relatively small fluctuations, and nearly all prices have retreated from extreme levels seen at the open. Oil prices narrowed their gains from over 13% at the open to 8%, with some profit-taking already beginning. Gold and silver prices both increased by more than 1%, but considering recent market volatility, these gains seem relatively moderate. Overall, while it’s too early to draw conclusions, there is no sign of panic in the market at the moment. However, it would be naive to think this can serve as an accurate guide for the entire trading session today, as the opening of spot markets across Asia may lead to larger-scale sell-offs, especially if there are issues with “memory” trading (which has already boosted the Korea KOSPI index by 50% this year) (Jin10).