13 February 2026 — Today’s Market News — Nearly 2% Rout: Nasdaq and Hang Seng Slide in Global Tech Selloff
Investors remain cautious ahead of key U.S. inflation data, while silver extends its strong weekly rebound.
Markets turned defensive after a nearly 2% drop in both the Nasdaq and Hang Seng, which intensified global risk aversion. Ahead of key U.S. inflation data, investors shifted toward safe havens, lifting gold near $4,955.05/oz and pushing silver higher while oil steadied around $67.36/bbl.
Today’s Snapshot
- S&P 500: 6,832.76 (-108.71 pts, −1.57% — last close)
- Nasdaq Composite: 22,597.15 (-469.32 pts, −2.03% — last close)
- Hang Seng: 26,476.20(-557.43 pts, −2.05%)
- Gold:~$4,955.05/oz (+0.97%)
- Silver:~$76.19/oz (+1.41%)
Global Markets
(A) Precious Metals
Gold: ~$4,955.05/oz (+0.97%)
Gold moved up by 0.97% because the US dollar became weaker and the US stock markets fell, making investors nervous and parking their money in the safe asset. Also, with important U.S inflation data coming soon, many people shifted money to gold as a safer option.
Silver: ~$76.19/oz (+1.41%)
Silver moved up by 1.41% because it had fallen sharply earlier, so many investors saw it as a cheaper option and started purchasing the white metal again. This fresh new buying pushed the prices higher, even more than gold.
(B) Energy
Brent: $67.36/bbl. (+0.2%)
Brent crude rose 0.2% to $67.36 per barrel as prices stabilized after a recent fall. Oil was supported by ongoing geopolitical tensions in the Middle East, especially concerns around the U.S.–Iran situation that could affect oil supply, even as demand worries remain.
(C) FX
Dollar Index (DXY): 96.93 (slightly weaker)
The dollar fell because investors are waiting for U.S. inflation data and expect interest rates to be cut soon. If rates are reduced, returns in the U.S. become lower, so some investors move their money to other countries. This reduces demand for the dollar and keeps it under pressure.
EUR/USD: 1.1860 (slightly weaker)
The euro eased 0.09%, a touch as markets paused ahead of key U.S. data.
Stock Market — What Happened Today
U.S. Equities
- S&P 500:6,832.76 (-108.71 pts, −1.57% — last close)
- Nasdaq Composite:22,597.15 (-469.32 pts, −2.03% — last close)
U.S. markets fell sharply, mainly because Cisco (-12.32%) after providing revenue guidance of $61.2–$61.7 billion, which was below market expectations of around $63.9 billion. Apple fell 5% because many Investors were nervous about the tech sector, selling the shares of the same, leading to its decline.
Hong Kong
Hang Seng Index: 26,476.20 (-557.43 pts, −2.05%)
The Hang Seng fell 2.05% because U.S. tech stocks dropped sharply, which made investors worried about the global tech sector. When investors see big U.S. companies falling, they often sell tech stocks in Asia as well. In Hong Kong, Alibaba fell around 4% and Tencent dropped about 3%, which pulled the index lower.
Volatility & Positioning
The VIX rose sharply to around 20.82, up about 18% from its previous close, after the tech-led selloff.
What Traders Are Watching
- U.S. inflation data: Whether the print is calm enough to ease rate fears and steady risk assets.
Tech sentiment: Whether the selloff spreads further after Cisco’s drop and broader pressure on mega-cap tech.
Yen strength: USD/JPY remains the key FX focus after the yen’s strong week.
Yesterday’s Market News — 12 February 2026
Stocks were mostly steady in the U.S., with the Nasdaq closing at 23,066.47 (−0.16%), while Robinhood fell 9% after weak revenue. In Japan, the Nikkei 225 briefly crossed the 58,000 mark for the first time before easing. Gold slipped 0.3% to $5,063.11/oz on strong jobs data, and silver fell 0.8% as investors booked profits.
Catch up on: Yen Strengthens as Nikkie 225 Breaks 58,000 & Robinhood falls ~9%
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