ASML is trading at $1,351.52 (-5.06%) in pre-market as escalating geopolitical tensions in the Middle East drive a sharp global market downturn.
- Major indices are under significant pressure, with the NASDAQ down 1.88% and the S&P 500 down 1.44% as investors adopt risk-off positioning.
- The semiconductor sector is facing broad weakness following military strikes on Iran and threats to close the Strait of Hormuz, which have sent oil prices up 10%.
- Safe-haven assets are seeing increased demand as markets price in prolonged regional conflict and potential long-term inflation impacts.