The Middle East situation has deteriorated further. Iran's Islamic Revolutionary Guard Corps (IRGC) said that after the US launched a series of military strikes against Iran in response to attacks on oil tankers in the Strait of Hormuz, Iran attacked US military targets in Bahrain and Kuwait, and shot down a US MQ-9 drone that attempted to interfere with the operation.

After US President Donald Trump said the temporary US-Iran ceasefire agreement has ended, international oil prices jumped up more than 6%. Futures for the three major US stock indices moved lower, with DJIA futures down 627 pts, or nearly 1.2%, at 52,570, while S&P 500 futures and Nasdaq futures fell 0.9% and 1.4%, respectively. Spot gold fell nearly 1% to USD4,065 per ounce.

Memory chip stocks were broadly under pressure in pre-market trading, with Micron Technology, Inc. (MU.US) down 5.2% pre-market, while Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX.US), Western Digital Corporation (WDC.US) and Sandisk Corporation (SNDK.US) dived 4.2-5.4% pre-market.

Major European stock markets broadly declined in early trading today. The pan-European STOXX 600 sagged nearly 1.5% to 636.91. The UK's FTSE 100 lost 1.3% to 10,523. France's CAC faded nearly 1.8% to 8,282. Germany's DAX slid 2.1% to 24,940. Italy's FTSE MIB dropped nearly 1.4% to 51,747. Spain's IBEX 35 index lost nearly 2.2% to 19,215. Trump said he did not want any dealings with Spain and wanted to sever all trades.
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AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
MU (P)	11114	400 (-)	0.415	2.2 X