Global Stock Markets Decline Amid Oil Price Fluctuations

Global stock markets experienced a downturn as oil prices initially fell but later rose. According to Ming Pao, both U.S. and European markets saw declines, with the Nasdaq dropping by 2.01% on the quadruple witching day. In Europe, the German stock market recorded the largest decrease, also falling by 2.01%. Among major tech stocks, Nvidia and Tesla both saw declines of over 3%. Advanced Micro Devices (AMD) faced a significant drop of 33% following revelations of its executives smuggling Nvidia chips to China. On Friday, the Dow Jones Industrial Average briefly fell to 45,369 points, dipping below the 250-day moving average, a key indicator of market trends. By the close of trading, the three major U.S. indices managed to stay above this threshold, though they remain in a precarious position.