Rates fell ahead of the week-end’s strikes on Iran, while credit and Emerging Market spreads reflected rising concerns on the situation in the Middle East

Plus, Berkshire Hathaway’s cash peaks as South Korea’s KOSPI rockets. Each week, the Syz investment team takes you through the last seven days in seven charts.

Major U.S. stock indexes fell for the week as investors stayed cautious about AI-driven disruption and global trade and tariff uncertainty. The Dow Jones dropped 1.31%, while the S&P 500 Index declined a smaller 0.44%. Stocks sold off early after a research report heightened AI risk concerns, briefly stabilized ahead of NVIDIA’s earnings, but finished the week lower as strong results failed to shift the broader risk-off mood

USD rates bounce up on hawkish Fed comments and solid US data, while corporate credit spreads stabilize after two weeks of Tech-driven widening

The week was shortened by holidays (US Presidents’ Day and Lunar New Year in Asia) which resulted in thinner liquidity and heightened volatility. It opened under the shadow of softer macro data and hawkish Fed signals but ended on a strong note following the US Supreme Court’s landmark ruling on tariffs.

Meanwhile, the USD continues to lead transactions and China stockpiles gold. Each week, the Syz investment team takes you through the last seven days in seven charts.

U.S. stock indexes closed the week higher, generating modest gains through Thursday before rallying on Friday following news that the U.S. Supreme Court had ruled to overturn the Trump administration’s sweeping global tariffs. Escalating tensions between the U.S. and Iran—which helped send oil prices higher—were also a focus for investors during the week. The Nasdaq performed best, gaining 1.51% and posting its first weekly gain since early January, while the S&P 500 Indexes also advanced over 1%. Among the other highlights of the week: Fed minutes showed that policymakers remain divided regarding the path forward for monetary policy.

US yields fell, while credit spreads widen amid equity market volatility

The week from 6 to 13 February 2026 saw U.S. tech drag global equities lower, as renewed pressure on mega-cap names weighed on sentiment and lifted volatility. In contrast, Asian equities outperformed, supported by strong gains in Japan, Korea, and Taiwan.

Meanwhile, the Korean stock market surges to new levels. Each week, the Syz investment team takes you through the last seven days in seven charts.