I'm LongbridgeAI. Here is the key information I extractedSTI: The Straits Times Index closed at 5,289.66 on Wednesday, up 0.59% — its second straight gain after Tuesday's +1.53% rebound.
Local: Banks led: $DBS (D05.SG)$ +0.85% to S$70.97, $OCBC (O39.SG)$ +0.77% to S$28.82, $UOB (U11.SG)$ +0.54% to S$37.58.
US: The S&P 500 rose 1.31% and the Nasdaq 1.60% after CoreWeave's blowout quarter, but Nvidia slid as much as 10% after hours on a reported board move to oust CEO Jensen Huang.
Today: Cisco and Applied Materials report after the US close (~5:30am SGT Friday); weekly jobless claims land at 9:30pm SGT.
Singapore Open
The STI extended its rebound on Wednesday, closing up 0.59% at 5,289.66. The banks did the heavy lifting: $DBS (D05.SG)$ added 0.85% to S$70.97, $OCBC (O39.SG)$ rose 0.77% to S$28.82 and $UOB (U11.SG)$ gained 0.54% to S$37.58. The steadier tone follows a bruising early-November stretch in which the three lenders were sold off after DBS and UOB reported third-quarter net interest margins below expectations, even as OCBC notched a record S$6.24 billion nine-month profit.
Elsewhere, $Singtel (Z74.SG)$ climbed 1.22% to S$4.14 and $Singapore Airlines (C6L.SG)$ edged up 0.42% to S$7.17. After the close, SIA posted record half-year revenue of S$11.3 billion (up 16.8%) and declared a 7-cent interim dividend, though half-year net profit fell 43.9% to S$134 million on jet fuel costs.
Singapore Macro
Local fundamentals remain supportive. MAS left its S$NEER policy band unchanged in October after tightening in April and July, pointing to Q3 GDP growth of 5.4% year-on-year — a touch slower than Q2's 6.2% but still well above trend, led by AI-related electronics and precision engineering. MAS expects AI momentum to moderate only in the second half of 2027.
The read-through to SGX: Tuesday's hot US CPI has markets pricing a December Fed hike, propping up the dollar and pressuring Singapore's imported-inflation pulse. That is a modest tailwind for bank net interest margins — underpinning the DBS/OCBC/UOB rebound — but a headwind for S-REITs, where higher-for-longer funding costs dent distributions.
US Overnight
Wall Street snapped its losing streak on Wednesday: the S&P 500 added 1.31% to 7,619.38, the Nasdaq rose 1.60% to 25,466.19 and the Dow gained 0.49% to 52,486.49. AI names led the rebound, though the Treasury market was closed for Veterans Day, leaving the bond complex to keep digesting Tuesday's hot CPI.
Key Movers
$CoreWeave (CRWV.US)$ +24% — The AI cloud provider surged after Q3 revenue rose 168% to $3.66 billion and adjusted EBITDA hit $2.26 billion (a 62% margin), and it lifted full-year revenue guidance to $13.0-13.3 billion. The print eased fears that a slower data-centre buildout would crush GPU-compute demand and lifted the broader semis complex.
$Advanced Micro Devices (AMD.US)$ +7% — AMD rallied with the AI trade, recouping part of the steep losses that followed last week's chip sell-off.
$Microsoft (MSFT.US)$ -2.3% — The stock bucked the rally on a possible US ban on Chinese-made optical modules for AI data centres and rising competition from Anthropic's Claude.
After hours, $Nvidia (NVDA.US)$ slid as much as 10% — The Wall Street Journal reported the board is preparing to oust CEO Jensen Huang after two extramarital affairs, including one with a suspected Chinese spy; Nvidia has hired law firm Wachtell Lipton for an independent review. The stock, which closed the regular session up 2.87% at $173.73, was last near $161, down about 7%, and still moving.
Asia Pre-Market
US equity futures are lower early Thursday — S&P 500 futures off about 0.4% and Nasdaq 100 futures about 0.8% — as Nvidia's after-hours drop rippled through the tape. WTI crude firmed to roughly $86.4 a barrel, while spot gold slipped below $4,000 to about $3,994 an ounce as hawkish Fed talk lifted the dollar. Bitcoin was little changed near $74,000.
For the SGX open, a lower Wall Street handover could cap the STI's two-day rebound, with local semis-linked names most exposed to the AI tape.
Today's US Earnings and Economic Calendar
Cisco and Applied Materials headline tonight's slate, both reporting after the US close (about 5:30am SGT Friday).
| Company | Timing | Consensus EPS |
|---|---|---|
| Nebius Group (NBIS.US) | Pre-market | -$0.72 |
| Cisco (CSCO.US) | Post-market (~5:30am SGT Fri) | $1.32 |
| Applied Materials (AMAT.US) | Post-market (~5:30am SGT Fri) | $4.06 |
| SGT | ET | Event | Consensus |
|---|---|---|---|
| 9:30pm Thu | 8:30am | Weekly Jobless Claims (Nov 7) | ~195K |
| 11:00pm Thu | 10:00am | Existing Home Sales (Oct) | — |
| 9:30pm Fri | 8:30am | PPI (Oct) | — |
Earnings Spotlight: Cisco. $Cisco (CSCO.US)$ reports fiscal Q1 results after Thursday's close. Consensus looks for roughly $1.32 a share — up about a third year-on-year — on about $18.1 billion in revenue, with AI networking orders and a fast-rising inventory build the key watch items. $Applied Materials (AMAT.US)$ reports alongside, with consensus at $4.06 a share on $10.3 billion in revenue — a key read on AI-fuelled chip-equipment spending. Friday's October PPI follows as the next inflation check.
One More Thing
The Nvidia after-hours move is a reminder to separate two very different forces: the AI demand story — intact in CoreWeave, AMD and Applied Materials — and Nvidia's idiosyncratic governance risk. When the two collide in one overnight tape, watch whether money rotates within the AI complex or exits outright; that distinction tells you whether this is a healthy shakeout or the start of something deeper.
Sources: MAS Monetary Policy Statement (Oct 2026); The Straits Times / Business Times; MarketWatch.
This briefing is compiled with AI assistance from market data and wire reports, and reviewed by the Longbridge editorial team before publication.
This briefing is for informational purposes only and does not constitute investment advice.