The US S&P 500 futures, a risk barometer, are under intense selling pressure in early dealings on Monday, as Asian traders react to the news of a renewed military conflict in the Middle East between Palestine and Israel, which could risk spreading to other parts of the region.

On Saturday, the Palestinian militant group, Hamas,  invaded ISrael by luanching an unprecedented attack from the Gaza Strip into nearby Israeli towns, killing residents and taking hostages.

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