Memory chip stocks dropped in overnight trading. SK hynix fell 3%; SanDisk and Roundhill Memory ETF fell 2%; Western Digital fell 1%.
Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated.
United States Oil Fund LP rose 1.6% in overnight trading.