☕️ [Task Coins Giveaway] Daily Market Talk — Chips Snap Their Streak, Asia Doesn't Follow

The chip rout that defined last week ended on Monday, and Asia is not buying it. At home, the STI is slipping. Let's dig in 👇

💬 Wall Street says the selloff is over, Asia says it isn't. Which side are you on?

📊 Quick Recap — What Moved & Why

🇺🇸 US — The Eight-Day Chip Rout Ends

🔑 Key Event: The Philadelphia Semiconductor Index rose +1.6% to snap an eight-session streak that had cost it 15.7%. Memory led the bounce, with $Sandisk(SNDK.US) +5.5% and $Western Digital(WDC.US) +6.1%. BofA called memory valuations a cycle bottom.

@gedebe : Is there light in the tunnel? Yes, if you believe Jensen Huang, who brushed the correction aside and asked people to concentrate on fundamentals.

👀 Other to Watch

• $NASDAQ Composite Index(.IXIC.US) → +1.11%, $S&P 500(.SPX.US) +0.41%, $Dow Jones Industrial Average(.DJI.US) -0.07%.
• $Coreweave(CRWV.US) → Goldman upgraded it to buy and cut its target from $139 to $106 in the same note, and it still closed -0.4%.
• $Intel(INTC.US) → +2.4% after JPMorgan ended a four-year underweight call.
• $NVIDIA(NVDA.US) → has reportedly asked Samsung, SK Hynix and Micron to use TSMC's 3nm for next-generation HBM base dies. GTC Berlin opens today, keynote tomorrow.
• $SpaceX(SPCX.US) → reports after tonight's US close, days after Musk pledged a share of his own stock to every American child.

@Equity research : AI financing has been most expensive for data centres and neoclouds, nearing an 8% weighted average yield, with semis and hardware lowest at 5.8%.

🇸🇬 Singapore — The Rebound Stops at the Water

🔑 Key Event: $FTSE Straits Times Index(STI.SG) is down about -0.5% near 5,385 this morning, with all three banks lower: $OCBC Bank(O39.SG) -0.7%, $UOB(U11.SG) -0.7% and $DBS(D05.SG) -0.1%. Wall Street's bounce did not travel.

@稳赚大钱 : Singapore bank shares have been under pressure, but I still believe fundamentally strong banks like OCBC can recover over time.

👀 Other to Watch

• S-REITs → $Lion-phillip S-Reit(CLR.SG) hit another 52-week low of 0.739, a sixth in seven sessions.

🇭🇰 HK/China — A Rough Return From the Holiday

🔑 Key Event: $Hang Seng Index(00HSI.HK) is down about -1.0% near 23,952 in its first session back, with the tech index -0.9%. $LENOVO GROUP(00992.HK) is off -5.6%, $BABA-W(09988.HK) -3.3% and $HSBC HOLDINGS(00005.HK) -2.7%.

🌍 Other to Watch

• 🇰🇷 Korea's KOSPI is down about -3% and Japan's Nikkei -0.9%, neither following Wall Street.
• 🏦 The Fed goes silent before the Oct 27-28 meeting, with futures putting an October hike below 20%.
• 🏠 The NAHB housing index fell to 29, its weakest since 2012.

@PinkySheepy : Warsh's dovish comments cut the odds of an October hike, and falling Treasury yields sparked a rotation into small caps.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Oct 20, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏