US bourse opened lower and trended lower on Thursday amid intensified risk-off sentiment and persistent sell-off pressure on techs. The DJIA slid further, ending down 592 points or 1.2% at 48,908. The Nasdaq closed down 363 points or 1.6% at 22,540. The S&P 500 settled down 84 points or 1.2% at 6,798.

Blockbuster techs remained meager, with Microsoft (MSFT.US) tumbling 5%. Amazon (AMZN.US), which reported earnings after the market close, nosedived 4.4%. Tesla (TSLA.US) declined 2.2%. Nvidia (NVDA.US) lost 1.3%. Apple (AAPL.US) edged down 0.2%.

Alphabet (GOOG.US) logged a 30% profit hike last quarter, exceeding expectations, with capex expected to double this year. The stock initially slipped 8%, and ultimately closed down only 0.6%. Qualcomm (QCOM.US) beat expectations in its last fiscal quarter results, but its guidance was disappointing, leading to an 8.5% plunge in its stock price.

Bitcoin plummeted further, cascading over 15% to bottom at USD62,300. Cryptocurrency stocks followed suit, with major Bitcoin holder Strategy (MSTR.US) plummeting 17% and Coinbase (COIN.US) also slumping 13%.
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AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
ALPBE (C)	10080	360 (-)	0.335	6.3 X
ALPBE (P)	10012	230 (-)	0.070	6.3 X
MSFT (C)	11006	550 (-)	0.082	10.3 X
MSFT (P)	10715	435 (-)	0.435	9.4 X
MSFT (P)	11064	390 (-)	0.530	4.0 X
AMZN (C)	10004	280 (-)	0.020	12.5 X
AMZN (P)	10700	180 (-)	0.042	11.3 X
TSLA (C)	11036	590 (-)	0.235	6.0 X
TSLA (P)	11037	435 (-)	1.010	3.0 X
TSLA (P)	10011	370 (-)	0.147	9.4 X
APPLE (C)	10079	320 (-)	0.101	10.3 X
APPLE (P)	11063	248 (-)	0.255	4.7 X
APPLE (P)	10793	210 (-)	N/A	N/A
Nvidia (C)	10055	230 (-)	0.071	9.1 X
Nvidia (C)	11007	205 (-)	0.295	4.9 X
Nvidia (P)	10057	165 (-)	0.112	6.2 X