US stocks were pressured with the Nasdaq the clear underperformer as Technology led the broader market lower, while the weakness in Tech was driven by sharp losses in memory names (DRAM -c. 9%) and semiconductor stocks (SOXX -5%) amid concerns surrounding SK Hynix’s upcoming earnings, with the stock also giving back some of Friday’s gains following its US listing. Broader risk sentiment was also weighed down by ongoing geopolitical tensions between the US and Iran after further military strikes over the weekend. President Trump announced that the US would reinstate the blockade on Iran and assume control of the Strait…
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