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Market Review

US: U U.S. stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, although all three major indexes posted losses for the week as fourth-quarter earnings season kicked off. Asia: Most Asian stocks fell on Monday after U.S. President Donald Trump revived global fears of trade tariffs by imposing duties on several major European nations over Greenland.

India: Indian equity benchmarks gave up a considerable part of their intraday gains in the second half of the Friday session, driven by profit-taking in heavyweight stocks and cautious sentiment of investors ahead of key Nifty50 earnings. Market is expected to open on a gap down note and likely to witness negative move during the day.

Global economy: Global markets are facing volatility after President Donald Trump vowed to slap tariffs on eight European nations until the U.S. is allowed to buy Greenland, injecting fresh trade uncertainty as stocks slid and the dollar broadly weakened.

Powerchip Semiconductor Manufacturing Corp rose nearly 10% after U.S. memory chipmaker Micron Technology said it would buy a fabrication plant from the company.Micron Technology said it had signed a letter of intent to acquire Powerchip’s P5 fabrication site in Tongluo, Miaoli County, Taiwan, for $1.8 bn in cash.

A draft charter sent to about 60 countries by the U.S. administration calls for members to contribute $1 bn in cash if they want their membership to last more than three years. The three-year membership term shall not apply to Member States that contribute more than USD $1 Bn in cash funds to the Board of Peace within the first year of the Charter’s entry into force

Commodities: Oil prices saw little change. Iran's crackdown on protests eased concerns about a U.S. attack disrupting supplies. Brent crude traded at $64.18 a barrel. U.S. West Texas Intermediate for February rose to $59.52.

Gold and silver prices reached record highs as escalating U.S.- Europe trade tensions drove investors to safe-haven assets. President Trump's threat of new tariffs on European countries over Greenland prompted a broad risk-averse market move, with U.S. stock futures and the dollar sliding.

Currency: The dollar fell on Monday, as investors unnerved by U.S. President Donald Trump's latest tariff threats against Europe over Greenland piled into the safe-haven yen and Swiss franc, in a broad risk-averse move across markets.

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