【US Stock Futures】Ultimatum Countdown 1 Day　Dow Futures Down 200 Points, Nasdaq Futures Down 0.7%　Gold Price Evaporates Yearly Gains (Continuously Updated)

U.S. President Trump demands full opening of the Strait of Hormuz. With the ultimatum countdown at one day, U.S. stock futures declined on Monday during Asian hours. Dow futures fell 200 points to 45,693; S&P 500 futures dropped 37 points to 6,521; Nasdaq futures declined 167 points or 0.7% to 23,934.

Hong Kong stocks and ADR markets update continuously. For details, see: Next page

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Market Highlights:

[14:13] Dow futures down 200 points, at 45,693; S&P 500 futures down 37 points, at 6,521; Nasdaq futures down 167 points or 0.7%, at 23,934.

[14:13] NY crude oil up 0.8%, at $98.97; Brent crude oil up 0.6%, at $112.85.

[14:13] [Gold Price Trend] Spot gold falls below $4,300, erasing this year’s gains. Local gold price per tael drops another 1,000 HKD, retreating from recent highs by 10,000 HKD.

[13:25] [Oil Price Trend] Goldman warns of the “largest supply shock in history” to the oil market, raising Brent crude oil forecast for 2026 to $85.

[13:15] [Iran Crisis] IEA Director: Over 40 energy assets in the Middle East “severely damaged.” The conflict’s impact is equivalent to two oil crises in the 1970s plus the 2022 Russia-Ukraine crisis.

[11:40] [Yen Trend] Yen against HKD hits 4.9. Japanese officials again use “export tactics”: ready to take all necessary measures to respond to exchange rate fluctuations.

[11:21] [Iran Crisis] Japan and South Korea stock markets experience “Black Monday.” Korean stocks fall another 5%, triggering the sixth “Sidecar” mechanism this year; Nikkei index once dropped over 2,600 points.

[10:56] [AI + Chips] Elon Musk: Terafab project to be established in Austin, jointly operated by Tesla and SpaceX.

[07:30] [Iran Crisis] One day left for the ultimatum. Trump and Iran threaten to strike civilian infrastructure. Oil prices fluctuate (ongoing updates).

[07:30] [Global Outlook] Continue to monitor Middle East conflict; watch Federal Reserve officials’ comments; U.S. March manufacturing PMI to be released Tuesday.

[07:30] Tensions escalate in Iran. President Trump told reporters on Friday, “I don’t want a ceasefire.” Energy prices fluctuate; Dow drops over 600 points at one point; U.S. long-term bond yields hit six-month highs, market odds of a September rate hike reach 40%. Dow closes down 443 points at 45,577; S&P 500 drops 1.51%; Nasdaq falls 2.01%.

See U.S. stock market close:

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Last week’s U.S. stock movements, details at: U.S. Stocks Close｜Trump says he doesn’t want a ceasefire, Dow drops 443 points, U.S. long-term bond yields hit six-month high, 40% chance of rate hike in September

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