Asian Markets Jittery as Metals Plunge, Earnings Loom; Japan's Nikkei Bucks Trend

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CNBC TV18•02-02-2026, 07:16
Asian Markets Jittery as Metals Plunge, Earnings Loom; Japan's Nikkei Bucks Trend
- •Asian share markets declined, mirroring Wall Street futures, amidst volatile silver trading and a busy week for corporate earnings and central bank meetings.
- •Silver plunged an additional 5% after Friday's 30% drop, impacting leveraged positions and influenced by the suspension of UBS SDIC silver futures fund in China.
- •Oil prices fell nearly 3% after President Trump's comments on Iran-Washington talks, potentially easing U.S. military strike risks.
- •Japan's Nikkei index gained 0.7% due to polls suggesting a landslide victory for PM Sanae Takaichi's LDP, promising stimulus and reduced political uncertainty.
- •The dollar stabilized against the euro and yen, supported by yen weakness and speculation around Kevin Warsh's potential nomination as Fed chair, influencing interest rate expectations.
Why It Matters: Global markets face uncertainty from metal volatility, geopolitical shifts, and upcoming earnings, while Japan shows resilience.
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