Trump Says Iran Deal Enters Second Phase and Rules Out U.S. Investment in Iran

TradingKey - On Monday, October 12, Eastern Time, futures tied to the three major U.S. stock indexes were mixed in pre-market trading. Trading was relatively subdued due to the Columbus Day holiday, as investors awaited earnings reports from major banks this week and the U.S. September CPI data. Meanwhile, tensions in the Middle East and shipping risks in the Strait of Hormuz pushed oil prices higher again, capping risk appetite for tech stocks.

TradingKey - On October 12, US memory stocks generally weakened in pre-market trading. After Chinese memory chipmaker ChangXin Memory Technologies (CXMT) announced its R&D progress in next-generation DRAM technology, the market refocused on the global memory industry's competitive landscape, while memory stocks that had previously surged continued to face profit-taking.

TradingKey - ASML (ASML) will report its third-quarter fiscal 2026 financial results on October 14. As a key global supplier of extreme ultraviolet (EUV) lithography equipment, the company is benefiting from demand for advanced chips driven by the expansion of artificial intelligence infrastructure.

TradingKey - On Monday, October 12 (ET), the New York Stock Exchange and Nasdaq will operate with normal trading hours and will not close early. Regular trading hours are from 9:30 to 16:00. SIFMA recommends a full-day closure for related bond trading, and certain payment services will also follow holiday schedules.

TradingKey - On October 12, South Korean memory chip stocks fell significantly in intraday trading. As of press time, Samsung Electronics (005930.KS) dropped by as much as around 4.1% to 252,500 won, while SK Hynix (000660.KS) fell by as much as about 4.01% to 1,624,000 won. Chinese DRAM manufacturer ChangXin Memory Technologies (CXMT) announced R&D progress on next-generation memory technology, further fueling market concerns over intensifying competition in the global DRAM industry.