Analyst: The market is not showing signs of panic at present, but the stock market may face larger-scale sell-offs during the Asian session.

Glonghui March 2｜At Monday's opening, stock index futures prices generally showed a downward trend, while oil and gold prices rose, but there is currently no sign of panic in the market. Institutional analyst Mark Cudmore pointed out that the fluctuations in most non-energy commodities are relatively small, and almost all commodity prices have retreated from the extreme levels at the open. Oil price gains narrowed from over 13% at the open to 8%, and some profit-taking has already begun. Both gold and silver prices rose by more than 1%, but considering the recent market volatility, this increase seems relatively moderate. In summary, although it is too early to draw conclusions, there is currently no panic in the market. However, it would be naive to think this can serve as an accurate guide for the entire trading session today. As spot markets across Asia gradually open, we may encounter larger-scale sell-offs, especially if "memory" trades encounter problems (so far this year, "memory" trades have pushed South Korea's KOSPI index up by 50%).