Concerns over the Iran war intensified again, pushing New York oil futures above USD80 per barrel at one point, and leading to a sell-off in US stocks on Thursday.

The DJIA tumbled incessantly, down as much as 1,162 points or 2.4% at its lowest, and eventually closed down 784 points or 1.6%, at 47,954. The Nasdaq's downswing was relatively mild, ending down 58 points or 0.3%, at 22,748. The S&P 500 finished down 38 points or 0.6%, at 6,830.

Traditional stocks were subdued, with Boeing (BA.US) down 2.3% and Caterpillar (CAT.US) 3.5%. Banks JP Morgan (JPM.US) and Morgan Stanley (MS.US) sagged 2-3%.

The US plans to tighten AI chip export controls, requiring companies like Nvidia (NVDA.US) to obtain government approval before shipping globally. Nvidia closed up 0.2% after fluctuations, while Micron (MU.US) and AMD (AMD.US) lost about 1%.

Techs traded mixed, with Apple (AAPL.US) and Meta (META.US) down about 1%, and Microsoft (MSFT.US) up 1.4% against the market trend, and Amazon (AMZN.US) also up 1%.
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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)	10055	230 (-)	0.017	14.4 X
Nvidia (C)	11007	205 (-)	0.195	5.9 X
Nvidia (P)	10057	165 (-)	0.096	7.8 X
APPLE (C)	10079	320 (-)	0.046	12.7 X
APPLE (P)	11063	248 (-)	0.290	4.7 X
APPLE (P)	10793	210 (-)	N/A	N/A
TSLA (C)	11036	590 (-)	0.122	7.4 X
TSLA (P)	11037	435 (-)	0.980	3.4 X
TSLA (P)	10011	370 (-)	0.055	19.1 X
AMD (C)	10760	225 (-)	0.285	4.9 X
AMD (P)	10777	155 (-)	0.140	4.1 X
MSFT (C)	11006	550 (-)	0.045	11.8 X
MSFT (P)	10715	435 (-)	0.510	10.9 X
MSFT (P)	11064	390 (-)	0.540	4.2 X
AMZN (C)	10004	280 (-)	N/A	N/A
AMZN (C)	11070	245 (-)	0.260	5.4 X
AMZN (P)	10700	180 (-)	N/A	N/A
META (C)	11069	830 (-)	0.435	6.7 X
META (P)	10757	700 (-)	0.820	7.9 X