Global Market Outlook

6 February 2026 — Today’s Market News — Asian Markets Weaken as Jakarta Composite Slides 2% and VIX Jumps to 21.77

February 6, 2026

Markets Turn Defensive as Anthropic Spurs Tech Fears and Moody’s Hits Indonesia

Markets turned cautious after U.S. tech stocks fell, with the S&P 500 down 1.23% and the Nasdaq off 1.59%, following concerns linked to Anthropic’s Claude chatbot. The weakness carried into Asia, where the Jakarta Composite dropped 2%, with the silver down by 3.73%.

Today’s Snapshot

  • S&P 500: 6,798.40 (−84.32 pts, −1.23% – last close)

  • Nasdaq Composite: 22,540.59 (−363.99 pts, −1.59% – last close)

  • Jakarta Composite Index: 7,180.20 (−146.80 pts, −2.00%)

  • Gold: ~ $4,868.13/oz (+0.01%)

  • Silver: ~ $74.51/oz (−3.73%)

Global Markets

Precious Metals

Gold: ~ $4,868.13/oz (+0.01%) 
Gold traded around $4,868.13/oz. Investors stayed cautious and used the safe-haven asset as a place to keep money steady after tech stocks fell, rather than to make quick gains.

Silver: ~ $74.51/oz (-3.73%)
Silver fell nearly 4% because it is widely used in electronics, solar panels, and industrial equipment. When tech stocks dropped, investors worried that production of electronic devices and industrial components could slow, so they sold silver, expecting weaker demand from these sectors for the white metal.

FX

(A) Dollar Index (DXY): 97.92 (steady)

The dollar stayed near 98 because heavy losses in U.S. tech stocks made investors take less risk on currencies, leading them to keep their dollar positions unchanged.

(C) GBP/USD: 1.2635 (pound weaker)
The pound fell by about 0.6% because investors expect UK interest rates to be cut in the coming months from the current interest rate of 3.75%. Lower future interest rates mean investors earn less by holding pounds, so they sold the currency and decided to move the money elsewhere.

Stock Market — What Happened Today

U.S. Equities

  • S&P 500: 6,798.40 (−84.32 pts, −1.23% – last close)

  •  Nasdaq Composite: 22,540.59 (−363.99 pts, −1.59% – last close)

U.S. stocks fell sharply, led by technology shares, with the S&P 500 down 1.23% and the Nasdaq Composite lower by 1.59%, after AI firm Anthropic unveiled new legal tools for its Claude chatbot, adding to concerns that heavy AI spending is rising faster than near-term profits.

Indonesia

Jakarta Composite Index:7,180.20 (−146.80 pts, −2.00%)
The index fell about 2% after Moody’s cut Indonesia’s credit outlook to negative from stable, while keeping the rating at Baa2. The move reflects uncertainty over economic policies under President Prabowo’s new government, expectations of a larger budget deficit due to higher spending, and concerns about possible pressure on the central bank. Foreign investors also sold about $1 billion worth of Indonesian shares in 2025, adding to the market’s weakness.

Volatility & Positioning

The VIX rose to 21.77, it’s highest since 21 November, showing rising fear in markets as investors brace for bigger price swings after the tech sell-off.

What Traders Are Watching

  1. Whether US. tech stocks can stop falling after recent heavy losses, as they continue to drive overall market direction.
  2. Whether gold and silver can stay steady after sharp swings this week.
  3. Whether the US. dollar holds near current levels as investors remain cautious.

Risk comes from not knowing what you’re doing.
- Warren Buffett

Last Available Market News — 5 February 2026

U.S. markets fell sharply, led by technology stocks, as concerns over rising AI costs and weaker growth outlooks hit investor confidence. KOSPI sank nearly 4%, and the Nasdaq slid 1.51% while the VIX was around 15.8.

Catch up on: Tech Rout Spreads in Asia; KOSPI Sinks Nearly 4% & Silver Tumbles 10%

1. Reuters — Wall Street ends sharply down as AI worries weigh

2. Reuters — Tech-led selloff drags Asian stocks; Indonesia tumbles on Moody’s outlook cut

3. Reuters — Gold, silver set for weekly losses on tech selloff, stronger dollar

4. Reuters — Stocks dive, silver looks for cover after rout

Disclaimer:

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