The market awaited this week's US inflation data, and US President Donald Trump will reportedly extend the tariff deadline on China by 90 days, leading to a volatile decline in US stocks on Monday.
The DJIA slid 200 points or 0.5% to close at 43,975. The S&P 500 finished down 16 points or 0.3% at 6,373. The Nasdaq fell 64 points or 0.3% to 21,385.
NVIDIA (NVDA.US) and AMD (AMD.US) purportedly agreed to pay the US government 15% of their revenue from AI chip sales in China. Trump also stated his willingness to approve NVIDIA's sale of a simplified version of the Blackwell chip to China, with both stocks slightly down by 0.3%.
Apple (AAPL.US) snapped its three-day upswing, closing down 0.8%. Tesla (TSLA.US) jumped up 2.9%. Meta (META.US) fell 0.5%.
Intel (INTC.US) soared 3.5%, reportedly due to CEO Lip-Bu Tan's upcoming meeting with Trump. Micron (MU.US) raised its quarterly revenue and earnings forecast, with shares surging about 4%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10721 |
175 (-) |
0.440 |
4.2 X |
| Nvidia (P) |
10714 |
125 (-) |
0.069 |
4.5 X |
| AMD (C) |
10760 |
225 (-) |
0.355 |
3.4 X |
| AMD (C) |
10572 |
130 (-) |
0.820 |
2.9 X |
| APPLE (C) |
10758 |
243 (-) |
0.330 |
5.6 X |
| APPLE (C) |
10614 |
236 (-) |
0.129 |
12.1 X |
| APPLE (P) |
10678 |
170 (-) |
0.039 |
7.7 X |
| TSLA (C) |
10688 |
420 (-) |
0.350 |
5.2 X |
| TSLA (P) |
10692 |
280 (-) |
0.280 |
4.2 X |
| META (C) |
10579 |
800 (-) |
0.670 |
9.3 X |
| META (P) |
10757 |
700 (-) |
0.940 |
3.6 X |
