The US dollar is strengthening again, and the upward momentum of Asian stock markets may be hindered.

On Monday, oil prices rose and the US dollar strengthened, potentially weakening the upward momentum in Asian stock markets that rebounded last Friday. Pre-market futures in the US showed a risk-averse sentiment, with Nasdaq 100 futures falling by 0.5%. The South Korean composite index has seen five weeks of decline out of the past six weeks, starting this week under pressure. Last Friday, overall risk appetite in the US stock market improved, with the S&P 500 index closing higher and the volatility index VIX falling to around 15, the lowest level since January. However, some sectors in the market showed weak trends, with high beta growth stocks generally falling and Micron stock prices declining. Even before the significant increase in oil prices, concerns have been brought to South Korean chip industry leaders. Due to the impact of Typhoon Bavi, the Taiwan stock market was closed on Friday, with hopes of catching up today to follow the overall upward trend in the regional stock markets last Friday. TSMC will release its financial report this Thursday, with the monthly revenue data released after Monday's opening serving as an immediate reference for assessing the progress of global artificial intelligence infrastructure development. The market will also face various macroeconomic challenges this week, including US bank earnings and consumer price index data. The US dollar provided support to the stock market in the latter half of last week as it weakened. However, if geopolitical conflicts escalate, it will drive the US dollar higher, tighten the financial environment, and bring greater downward pressure to risk assets. In early Monday trading, precious metals saw sharp declines across the board, with gold prices falling below $4100 per ounce and silver down by approximately 2%.