Rising oil prices intensify market unease, and the S&P 500 still has room to decline

MarsBitNews · 2026-03-30T03:44:22+00:00

Mars Finance reports that according to Jinjia, Paul Chew from HSBC Securities Research stated that, despite the continued rise in oil prices, the S&P 500 index still has room for further decline. Since the outbreak of the Middle East conflict, the index has fallen 7.9% from its peak. He pointed out that during the Gulf War and the Russia-Ukraine war, the declines were 17% respectively. Chew added, "The market still has further downside potential, especially as oil prices continue to climb."

MarsBitNews

2026-03-30 03:44:22

According to Mars Finance, as reported by Jinshi, Paul Chew from Phillip Securities Research stated that with the continuous rise in oil prices, the S&P 500 index still has room for further decline. Since the outbreak of the Middle East conflict, the index has fallen by 7.9% from its peak. He pointed out that during the Gulf War and the Russia-Ukraine war, the index had declines of 17% respectively. Chew added, “The market still has room for further downside, especially with oil prices continuing to rise.”

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