Web Trader MT5 
Asian markets fell broadly on Monday, led by a sharp sell-off in South Korea as Kospi plunged over 4%. Market sentiment remained weak despite signs of improvement in China’s manufacturing sector. A private PMI survey showed China’s factory activity expanded modestly in January, hitting its strongest level since October. Despite the positive numbers, Hang Seng index fell 1.6%. Australia’s ASX 200 also lost 1%.
Precious metals remained under pressure following Friday’s historic decline. Gold fell another 9% to around $4,402 an ounce, while silver slid about 10% to $71.53 after last week’s 30% collapse.
Risk aversion spilled into global markets, with U.S. equity futures lower and cryptocurrencies hit hard. Bitcoin dropped below $80,000 for the first time since April, trading near $75,000, signaling further de-risking after the sharp declines in gold and silver..
The pullback was driven by profit-taking, a stronger U.S. dollar, and shifting expectations around U.S. monetary policy after President Donald Trump nominated Kevin Warsh, a known policy hawk, to succeed Fed Chair Jerome Powell. The nomination boosted the dollar and raised concerns about tighter monetary policy.
In the commodities market also, oil prices fell sharply on Monday as fears of a U.S.–Iran supply shock eased. Brent crude dropped more than 4% to around $65.30 a barrel, while WTI fell nearly 5% to about $61.20, reversing recent gains that had pushed prices to six-month highs on escalation fears.
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