5 March 2026 — Today’s Market News — Biotech and Asia Lead Gains — Moderna Up 16%, KOSPI Soars 11%
Markets rebound as Nasdaq rises nearly 2%, the Chinese yuan strengthens, and Asian equities surge.
Global markets rebounded as risk sentiment improved, with the Nasdaq Composite rising 1.29% and South Korea’s KOSPI Composite Index surging 11%. China’s yuan strengthened after a stronger policy midpoint.
Today’s Snapshot
• Nikkei 225: 54,245.54 (+1,305 pts, +2.40%)
• Nasdaq Composite: 22,516.69 (+290.79 pts, +1.29%)
• KOSPI: 5,093.54 (+237 pts, +11%)
• Gold: $5,141.31/oz (+0.22%)
• Silver: $83.53/oz (-0.87%)
Global Markets
(A) Precious Metals
Gold: $5,141.31/oz (+0.22%)
The commodity remained elevated as geopolitical risks and uncertainty around energy supply continued to support safe-haven demand.
Silver: $83.53/oz (-0.87%)
The white metal edged lower as investors took profits after the metal’s strong rally earlier this week.
(B) FX
Dollar Index (DXY): ~ 98.8 (−0.15%)
The U.S. dollar eased slightly after a recent rally as improving risk sentiment reduced demand for the safe-haven currency
USD/CNY
The Chinese yuan strengthened after the People’s Bank of China set the USD/CNY midpoint at 6.9007 — the strongest level in nearly three years, signaling efforts to stabilize the currency.
(C) Stock Market — What Happened Today
(C) Stock Market — What Happened Today
U.S. Equities
- Nasdaq Composite: 22,516.69 (+1.29%)
The tech-heavy Nasdaq Composite rose as investors returned to technology stocks after recent volatility eased. Markets stabilized as geopolitical tensions showed signs of calming, and investors bought growth stocks that had fallen earlier in the week.
Major Movers:
Tesla (TSLA) +3.4%
Tesla (+3.4%) rose after Bank of America upgraded the stock to “Buy,” citing growth in robotaxis, self-driving software, and Tesla’s future Optimus robot project, with a $460 price target implying ~14% upside.
Moderna (MRNA) +15.99%
Moderna shares surged after the company agreed to settle a patent dispute with Arbutus Biopharma and Genevant Sciences over technology used in its COVID-19 vaccine. Moderna will pay $950 million to end the global lawsuits and will not owe future royalties for vaccines like Spikevax and mRESVIA.
Nvidia (NVDA) +1.66%
NVIDIA was in focus after billionaire Tesla investor Leo KoGuan said he bought 1 million Nvidia shares worth about $180 million, showing strong confidence in the company and the future growth of artificial intelligence (AI). He also said he may buy another 1 million shares soon.
Korea
KOSPI: 5,093.54 (+237 pts, +11%)
Korean Air (003490.KS) +7.2%
Korean Air shares rose after the airline announced plans to raise up to $307 million through a bond issuance later in the first quarter of 2026, a move aimed at strengthening its finances and supporting future operations.
LG Energy Solution: +6.91%
Shares rose as battery and EV supply chain stocks rebounded following the previous day’s market sell-off.
Volatility & Positioning
Volatility & Positioning
The CBOE Volatility Index (VIX) eased toward the low-20s, signaling slightly lower market stress.
What Traders Are Watching
- Whether global equities can maintain their rebound after the recent geopolitical shock.
- Gold holding above the $5,000/oz level as safe-haven demand remains strong.
- Oil prices and energy supply risks from ongoing Middle East tensions.
Yesterday’s Market News — March 4, 2026
Markets turned defensive as escalating Middle East tensions pushed oil above $80/bbl, raising inflation fears. Global stocks fell, the VIX jumped above 23, and the Indian rupee weakened to a record 92 per dollar, while safe-haven demand lifted gold about 1.5% and silver more than 3%.
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