☕️ [Task Coins Giveaway] Daily Market Talk — Western Digital Beats, Chip Stocks Crumble

Western Digital grew revenue 55% and raised its dividend, then fell 6%. Lam Research beat and fell twice as hard. At home, banks slip while REITs bounce. Let's dig in 👇

💬 Chip stocks are selling off on good earnings. Buy the dip, or wait for the March quarter?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Good Numbers Were Not Enough

🔑 Key Event: $Western Digital(WDC.US) grew revenue 55%, beat on profit and raised its dividend 17%, then closed -6.43%. $Lam Research(LRCX.US) also beat and fell -11.76%. Component shortages are capping both.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) → +0.02%, but $S&P 500(.SPX.US) -1.21% and N$NASDAQ Composite Index(.IXIC.US) -2.60%.
• $Bloom Energy(BE.US) → -8.70% even after revenue grew 138% to a record and it raised full-year guidance.
• $Meta Platforms(META.US) → -6.98% after disclosing about $825 billion of future spending commitments. OpenAI is reportedly raising $30 billion at $1.25 trillion.
• $Micron Tech(MU.US) → -6.26%, $Sandisk(SNDK.US) -8.51% and $Intel(INTC.US) -8.04%, as Tesla's capex cut fed doubts about chip demand.
• $Apple(AAPL.US) → +1.23% to a record close, the only Magnificent Seven stock up, as money favoured cash flow over AI spend.
• $NVIDIA(NVDA.US) → -4.40% despite pledging to lift substrate capacity 2.5 times, while $SpaceX(SPCX.US) -9.14% gave back Wednesday's post-earnings jump.

@Minerva Capital : Breadth was better than the declines implied, with most stocks rising as the AI complex sold off.

🇸🇬 Singapore — Banks Slip, REITs Catch a Bid

🔑 Key Event: $FTSE Straits Times Index(STI.SG) closed Thursday -0.42% at 5,415.14 and is lower this morning, with $DBS(D05.SG), $OCBC Bank(O39.SG) and $UOB(U11.SG) easing. REITs are bouncing as the 10 year yield falls.

👀 Other to Watch

• $Frasers Cpt Tr(J69U.SG) → FY26 distribution per unit hit a record 12.35 cents, up 8.2%, with net property income up 15.7%.
• $Lion-phillip S-Reit(CLR.SG) → rising this morning, with the sector tracking the drop in US yields.
• $Sea(SE.US) → fell -2.89% for a third straight session, about 14% over three days.

@FaithAnchor : Frasers Centrepoint delivered a strong FY26 at a 6% yield, but I would not rush in before the ex-dividend date.

@Fattycat : Mapletree Logistics is holding major support, momentum is slowing and a bounce may be coming.

🇭🇰 HK/China — A Black Thursday

🔑 Key Event: $Hang Seng Index(00HSI.HK) shed 717 points Thursday to close at 22,934.68, and $Hang Seng TECH Index(STECH.HK) dropped over 5%. Two sessions wiped out 772 points. It is steadier this morning.

👀 Other to Watch

• $XIAOMI-W(01810.HK) → the only megacap riser this morning, while $BABA-W(09988.HK) and $TENCENT(00700.HK) drift lower.

🌎 Other to Watch

• 🇺🇸 Treasuries → the 10 year yield fell 19.3 basis points to 4.952%, its biggest daily drop since March 2023. Hike bets are gone.
• 🪙 Gold → slipped under $4,050 for the first time since early August, silver below $55, Brent above $113.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Oct 23, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏