Trump's failure to give a clear statement has caused pessimism in the Asian markets to deepen.

date
02/04/2026
In the final trading session, the Asian market extended its losses as US President Trump's speech did not provide clear information on ending the conflict in the Middle East. Analyst Rania Gule from SX.com stated in a report that Trump hinted at further military strikes against Iran, and traders had already factored this in before the strikes occurred. The South Korean composite index fell by 4.5%, the Japanese Nikkei index dropped by 2.4%, and the Hong Kong Hang Seng index decreased by 1.25%. Near-month WTI crude oil futures rose by 6.2% to $106.29 per barrel, initially dropping by 2.6% before Trump's speech; while near-month Brent crude oil rose by 6.7% to $107.96 per barrel. With increasing economic concerns, the prices of precious metals fell. Spot gold dropped by 3.5% to $4,590.69 per ounce, and spot silver fell by 6.25% to $70.43 per ounce.