oil

Bitget UEX Daily Report

The Nasdaq fell more than 1%, marking its largest drop in over seven weeks, while the Dow Jones made a risky rebound. Chip stocks saw Intel drop over 5%, Broadcom fall over 4%, NVIDIA decline nearly 3%, Oracle decrease over 5%, CoreWeave drop nearly 8%, and optical communication stocks Coherent fall nearly 10%, with Applied Optoelectronics down nearly 14%. U.S. Treasury yields initially rose and then fell, with the 10-year yield down 5 basis points.

The S&P 500 and Nasdaq opened higher and continued to rise, while the Dow Jones turned to decline early in the session. On Monday, the Nikkei Index closed up 2.4%. The three major Hong Kong stock indices opened lower but rose, with the AI computing hardware supply chain performing well, and the PCB and optical communication sectors leading the gains, while traditional sectors like real estate continued to face pressure. Brent crude oil briefly surged over 1.2% due to rumors of a key oil pipeline in Saudi Arabia being shut down, but turned to decline after reports confirmed normal operations.

Recently, Trump has intensively stated that Iran "either signs the agreement or ceases to exist," while three U.S. aircraft carrier strike groups are simultaneously gathering in the Middle East. Reports indicate that Saudi Arabia is preparing for a large-scale counteroffensive against the Houthis, and the Mandeb Strait is in a state of emergency. Bank of America pointed out that the pricing of Brent at around $103 falls precisely between "sporadic conflicts" and "intense battles." This week, Trump's decisions, Iran's responses via Qatar, and the developments in Yemen will determine the direction of oil prices, and the boundaries between war and negotiations between the U.S. and Iran may become clearer.