[US Stock Market] Trump: Considering restarting the "Freedom Plan," not limited to escort ships passing through the strait | Micron previously rose 9% to new highs (updating continuously)

U.S. President Trump said on Monday (the 11th) in an interview with Fox News that he is considering restarting the “Project Freedom” that was briefly implemented last week, but this time the scope will be expanded and no longer limited to escorting ships through the Strait of Hormuz. Additionally, he stated that he has not yet made a final decision on restarting the plan.

Trump announced this plan for the first time last week, but then paused it during peace negotiations with Tehran.

Pakistan emphasized that it will continue efforts to break the deadlock in negotiations between Iran and the U.S., and also stated that there is no imminent danger of war between the U.S. and Iran. Iran reiterated that it is ready to reopen the Strait of Hormuz if the U.S. ends its blockade of its ports.

After President Trump rejected Iran’s proposal, the market continued to watch the developments of the U.S.-Iran situation. According to Iran’s semi-official Tasnim News Agency, Iran’s homemade mini submarine class (Ghadir class) “Ghadir” is acting as an “invisible guardian” of the Strait of Hormuz. The report states that the submarine is designed for shallow waters in the Persian Gulf and the Strait of Hormuz, and has now become a strategic weapon. However, it did not cause significant market fears.

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U.S. stocks fluctuated, with the Dow rising 23 points to 49,633, the S&P 500 up 0.3% to 7,418, and the Nasdaq up 0.2% to 26,298.

Oil prices rose about 1%, with New York futures up 0.9% at $96.28, and Brent futures up 1.7% at $102.98.

Gold prices increased by 0.5%, with spot gold at $4,738.

Focus stocks: chip memory stocks continued to attract funds, with Micron (US: MU) rising 9% to a new high of $818.67; Intel (US: INTC), which also hit a new high, reached $132.75, nearly doubling since April.

In earnings news, Circle (US: CRCL) will release its earnings after the market closes.

Morgan Stanley said that the oil market is “racing against time,” as investors have been expecting the Strait to reopen, so crude oil futures have not broken through the 2022 highs. But if the blockade of the Strait of Hormuz continues until June, beyond what China or the U.S. can bear, the market could tighten again.

The bank’s baseline forecast is that the Strait of Hormuz will reopen before the U.S. needs to restrict exports and China needs to curb imports. However, if supply continues to be blocked and the blockade persists until the end of June or even July, Brent crude oil may face pressure and could rise.

Hong Kong stocks and ADR markets are continuously updating; see the next page for details.

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Market in real-time:

【23:03】Trump: Considering restarting “Project Freedom,” not limited to escorting ships through the strait | Micron rose 9% again to a new high

【21:30】Memory stocks rebounded against the trend, Micron once again rose 9% to a new high, hitting $818.67; Intel also hit a new high, reaching $132.75, nearly doubling since April; Dow fell 20 points, Nasdaq down 0.2%, oil prices up 2%

【19:00】Iran proposed to Trump to “not receive goods,” Dow futures fell 65 points, Nasdaq down 0.1%, oil prices up 3%

【15:03】Dow futures down 79 points, at 49,612; S&P futures down 9 points, at 7,410; Nasdaq futures down 26 points, nearly 0.1%, at 29,306.

【15:03】Oil prices up 3%, New York futures up 3.8% at $99.07, Brent futures up 3.5% at $104.8. Gold prices: NY gold down 1% at $4,681, spot gold down 0.8% at $4,677.

【15:03】【U.S. interest rates】Goldman Sachs: Inflation is more stubborn than expected, delaying the Fed’s rate cut forecast to December this year

【14:39】【Iran crisis】Citi: U.S.-Iran negotiations deadlock may push oil prices higher, maintaining Brent crude forecast of $120 for the next three months

【13:52】【UBS】UBS Asia Investment Forum expected to attract over 6,000 participants; main theme “Investment Strategies in a Changing World”; will star athletes sit in?

【13:45】【Gold price trend】Gold drops 1% through the $4,700 level, Trump rejects Iran’s proposal (updating continuously)

【13:18】【U.S. IPO】Nvidia’s rival Cerebras reportedly plans to raise its IPO price again, raising funds to $4.8 billion; Dunkin’ parent company secretly applying for listing

【13:16】【Korean stocks hit new highs】KOSPI briefly triggered a circuit breaker; Goldman Sachs raised target to 9,000 points, JPMorgan bullish on 10,000; SK Hynix surged 11%, up 30% to break the 100 yuan mark at 7,709

【12:47】【Yen trend】Japan’s intervention appears effective, yen short positions greatly reduced, 100 yen to HKD 4.98

【12:12】【U.S. interest rates】Challenging Wosh’s “AI-driven rate cuts,” Fed officials Goolsbee warns: the hotter the AI hype, the harder it is to cut rates

【11:48】【AI+Market Cap】Alphabet’s market cap approaching Nvidia’s, is it reasonable to replace the “number one”?

【10:31】【AI+Bonds】Alphabet reportedly plans to issue yen bonds for the first time to accelerate AI race funding

【09:49】【U.S. interest rates】Pimco’s chief investment officer: Fed rate cuts will be “counterproductive,” Iran war may lead to a U-turn in rate hikes

【08:25】【Xi-Trump meeting】Trump to arrive in Beijing Wednesday, meeting Xi Jinping Thursday and Friday; expected to discuss Iran, AI, nuclear weapons, and other issues

【06:37】【Iran crisis】Iran’s Supreme Leader issues a statement on ten strategic points in the Strait of Hormuz

【06:10】【Iran crisis】Trump: Iran’s response is “completely unacceptable,” oil prices rise again (updating continuously)

【06:00】【Weekly outlook】Focus on U.S. inflation data this week, April CPI expected to rise 3.7% year-on-year

【06:00】U.S. and China leaders to meet; market still hopeful for positive news from U.S.-Iran negotiations. The Dow rose 12 points last Friday to 49,609, the S&P 500 up 0.84%, and the Nasdaq up 1.71%.