Investors stay cautious despite relief rally from easing geopolitical tensions.
Markets turned more positive after a 2-week U.S.–Iran ceasefire eased fears of a wider conflict, with oil +0.68% and equities edging higher (Nasdaq +0.10%), while gold slipped −0.55%, reflecting mixed sentiment.
Today's Snapshot
- Nasdaq Composite: 21,996.34 (+0.10%)
- KOSPI: 5,494.78 (+6.53%)
- Nikkei 225: 53,429.56 (+5.48%)
- Gold: $4,705.85/oz (-0.55%)
- Brent Crude: $109.27/bbl (+0.68%)
Global Markets
(A) Precious Metals
Gold: $4,705.85/oz (-0.55%)
Gold prices changed little in almost three weeks after Trump agreed to halt airstrikes on Iran for two weeks, easing worries about war-driven energy costs and inflation.
(B) Energy
Brent Crude: $109.27/bbl (+0.68%)
Oil prices plunged after a temporary 2-week ceasefire agreement raised hopes that the Strait of Hormuz would reopen, easing supply concerns and inflation pressures.
(C) FX
USD/INR: 92.30 (-1.12%)
The Indian Rupee strengthened to its highest level in nearly three weeks against the U.S. Dollar. The USD/INR pair declined toward 92.30 as the dollar weakened and global oil prices dropped, following news of a temporary ceasefire between the United States and Iran.
Stock Market — What Happened Today
United States
U.S. Equities
- Nasdaq Composite: 21,996.34 (+0.10%)
The Nasdaq Composite edged slightly higher, supported by modest gains in technology and growth stocks.
Major Mover
Intel | NASDAQ: INTC | +4.19% ▲
Intel shares surged after the company announced it will participate in Elon Musk's Terafab project, contributing to the production of high-performance chips for SpaceX, xAI, and Tesla. Terafab represents an ambitious plan to build a large-scale semiconductor manufacturing facility.
South Korea
KOSPI: 5,494.78 (+6.53%)
Major Mover
SK Hynix | KRX: 000660 | +13.65% ▲
SK Hynix shares jumped ~13–15% after Samsung Electronics projected a sharp earnings rebound, signaling strong recovery in the memory chip cycle. The outlook reinforced expectations of tighter supply and higher prices for DRAM and HBM (high-bandwidth memory), where SK Hynix is a key supplier. HBM demand — critical for AI servers — is expected to grow over 50% in 2026.
Volatility & Positioning
The VIX is currently around 23–24, slightly lower on the day, which suggests moderate volatility, with markets still cautious but not in panic mode.
What Traders Are Watching
- Ceasefire durability — whether the U.S.–Iran agreement holds or escalates again.
- Oil price direction — continued declines could ease inflation and support equities.
- Central bank response — whether policymakers look through the energy shock or react to rising inflation risks.
“In investing, what is comfortable is rarely profitable.”
Yesterday's Market News – 07 April 2026
Markets were volatile as oil surged near $110/bbl on escalating Middle East tensions, dragging equities lower and raising inflation concerns. Investor sentiment remained fragile ahead of key geopolitical developments.
Read full recap →Sources
- Reuters — Commodities — Gold steady as ceasefire eases geopolitical risk
- Reuters — Energy Markets — Oil drops on Iran ceasefire hopes, easing supply concerns
- Reuters — Currencies — Rupee rises as dollar weakens and oil prices fall
- Reuters — U.S. Markets — Nasdaq edges higher amid cautious trading
- Yahoo Finance — U.S. Stocks — Intel jumps on Terafab chip project announcement
- News.az — Asia Tech — SK hynix surges on Samsung's strong earnings outlook
Disclaimer
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