Overnight US stocks | Trump said the war is basically over, the three major indexes closed higher, and the oil price intraday fluctuated by over 40%.

On Monday, the three major indices opened lower and then trended higher. The Dow Jones Industrial Average fell nearly 900 points at one point in the morning, while the S&P 500 and Nasdaq both saw declines of up to 1.5%. U.S. President Trump said in a phone interview that the war with Iran is basically over. Following this news, the U.S. stock market surged, oil prices plummeted, and there was a volatility of over 40% during the day. [US Stocks] At the close, the Dow Jones rose 239.25 points, or 0.50%, to 47,740.80 points; the Nasdaq rose 308.27 points, or 1.38%, to 22,695.95 points; and the S&P 500 rose 55.97 points, or 0.83%, to 6,795.99 points. ASML Holding NV ADR (ASML.US), AMD (AMD.US), and Intel Corporation (INTC.US) all rose by around 5%. The Nasdaq Golden Dragon Index closed up 1.7%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose 6%, and Li Auto, Inc. Sponsored ADR Class A (LI.US) rose 3.9%. [European Stocks] The German DAX30 index fell 133.82 points, or 0.57%, to 23,413.69 points; the UK's FTSE 100 index fell 27.66 points, or 0.27%, to 10,257.09 points; the French CAC40 index fell 78.13 points, or 0.98%, to 7,915.36 points; the Euro Stoxx 50 index fell 29.94 points, or 0.52%, to 5,689.96 points; the Spanish IBEX35 index fell 121.11 points, or 0.71%, to 16,933.39 points; and the Italian FTSE MIB index fell 108.76 points, or 0.25%, to 44,043.50 points. [Asian Stock Markets] The Nikkei 225 index fell by 5.2%, the South Korean KOSPI index fell by 5.96%, and the Indonesia Jakarta Composite Index fell by 3.27%. [Cryptocurrency] Bitcoin rose by over 3.7% to $68,701.46, while Ethereum rose by over 4% to $2,020.67. [Oil] Oil prices continued to fluctuate sharply on Monday. Following Trump's comments, futures fell below $80 per barrel during the post-settlement trading period. During the crazy trading session in Asia, WTI futures surged by up to 31% due to market concerns that oil tanker transport in the Strait of Hormuz was disrupted, potentially cutting off supply to other parts of the world. However, by the end of the trading session, most of the gains were reversed due to global major economies considering coordinated emergency oil releases. WTI closed up by about 4%. Subsequently, oil prices plunged significantly in after-hours trading due to Trump's latest remarks. WTI fell by over 10%, hitting a low of $81.19. At the close, April WTI crude oil prices rose by 4.3% to $94.77 per barrel, while May Brent crude oil rose by 6.8% to $98.96 per barrel. [Macro News] Trump says the war is basically over. According to media reports, in a phone interview, U.S. President Trump said that the war could soon be over. Trump said, "I think the war is basically over, pretty much. They (Iran) have no navy, no communication system, and no air force." Trump also said that progress had been much faster than his initial expectation of 4 to 5 weeks. When asked about Iran's new Supreme Leader, Ayatollah Ali Khamenei, Trump said, "I have nothing to say about him, absolutely nothing." Trump claimed to have a replacement in mind for Khamenei, but did not provide further details. Regarding the Strait of Hormuz, Trump pointed out that ships are currently passing through, but he is "thinking about controlling it." Trump warned Iran: "They've done all the hitting they can do, they better not play any tricks, or they're finished." U.S. short-term inflation expectations rise, market betting on inflation rising to 3% in the next year. Traders expect that as the conflict with Iran continues, consumer inflation in the U.S. will accelerate over the next 12 months. Refinitiv data shows that bets in the inflation swap market reflect an expectation of around 3% inflation over the next year, higher than the level of around 2.4% at the end of February. Market concerns about inflation are mainly focused on the short term. Expectations for the 12-month inflation rate starting a year from now remain relatively moderate, around 2.4%. Sources: The U.S. is considering easing sanctions on Russian oil. Three sources familiar with the plans revealed that the Trump administration is considering easing sanctions on Russian oil to alleviate the global energy price surge caused by the Middle East conflict. The announcement could be made as early as Monday. This move could also complicate U.S. efforts to deprive Russia of revenue from the conflict in Ukraine. The discussions may include broad sanctions relief measures, as well as more targeted schemes that would allow certain countries (such as India) to purchase Russian oil without fearing U.S. penalties, including tariffs. EU officials: Prepared to use strategic oil reserves. On March 9, the Eurogroup meeting was held in Brussels, Belgium. At a press conference after the meeting, Eurogroup President Paschal Donohoe said that they are closely monitoring market reactions to developments in the Middle East, "We see energy prices facing upward pressure." He stated that the meeting discussed the types of measures member states are considering, as well as the need to take coordinated action while closely monitoring local developments. Structural issues related to European energy were also reviewed. European Commissioner for Economic Affairs, Valdis Dombrovskis, stated in the press conference that it is too early to discuss specific policy measures in response to the situation in the Middle East. He also stated that they are prepared to take necessary actions, including using strategic oil reserves. [Individual Stock News] Apple Inc. delays the release of its smart home display. According to sources, Apple Inc.'s struggles in the field of artificial intelligence are affecting its product plans, forcing the company to delay the launch of a long-developed smart home display to later this year. The product, codenamed J490, was originally planned for release in the spring of 2025, but the release date was postponed to allow the company to complete the development work on the new Siri digital assistant, which is an essential part of the device interface. This difficulty highlights the necessity for Apple Inc. to catch up in the field of artificial intelligence. Siri is key to their AI strategy, and many future products rely on this technology. However, Apple Inc. has delayed many promised features, some of which were even demonstrated to consumers nearly two years ago.