Iran turned down the US ceasefire proposal and presented five demands, while US President Donald Trump threatened to escalate the conflict, prompting higher oil prices and deepening downswing in US bourse on Thursday.
The DJIA settled down 469 points or 1% at 45,960. The Nasdaq plummeted 521 points or 2.4% to 21,408, down 10% from its earlier peak into correction territory. The S&P 500 ended down 114 points or 1.7% at 6,477.
The Los Angeles court ruled that Meta (META.US) and YouTube were negligent in a social media addiction case and must pay damages. Hence, Meta dived 8% and Alphabet (GOOG.US) slumped 3.1%.
Chip stocks tumbled, with Micron (MU.US) and AMD (AMD.US) both down 7%, Intel (INTC.US) down 6.5%, and NVIDIA (NVDA.US) down 4.2%. Amazon (AMZN.US) and Microsoft (MSFT.US) both fell over 1%, while Apple (AAPL.US) remained stable.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| META (C) |
11069 |
830 (-) |
0.105 |
8.4 X |
| META (P) |
10757 |
700 (-) |
2.31 |
N/A |
| ALPBE (C) |
10080 |
360 (-) |
0.061 |
10.5 X |
| ALPBE (P) |
10012 |
230 (-) |
0.099 |
7.0 X |
| MU (C) |
11115 |
700 (-) |
0.305 |
3.9 X |
| MU (P) |
11114 |
400 (-) |
1.720 |
1.4 X |
| Nvidia (C) |
11007 |
205 (-) |
0.096 |
7.9 X |
| Nvidia (P) |
11090 |
168 (-) |
0.400 |
2.4 X |
| Nvidia (P) |
10057 |
165 (-) |
0.079 |
11.2 X |
| AMZN (C) |
11070 |
245 (-) |
0.187 |
6.2 X |
| MSFT (C) |
11006 |
550 (-) |
0.013 |
13.8 X |
| MSFT (P) |
11064 |
390 (-) |
0.770 |
3.7 X |
| APPLE (C) |
10079 |
320 (-) |
0.019 |
16.0 X |
| APPLE (P) |
11063 |
248 (-) |
0.325 |
4.6 X |
| AMD (C) |
10760 |
225 (-) |
0.285 |
5.2 X |
| AMD (P) |
10777 |
155 (-) |
0.109 |
4.6 X |
