---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — STI Hits Fresh Highs as SpaceX Shrugs Off $100B Share Unlock"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000842262.md"
description: "Singapore's banks delivered a clean sweep this week: DBS, SGX and Venture Corp all beat, then OCBC and UOB followed with strong earnings of their own, sending $FTSE Straits Times Index(STI.SG) to fres..."
datetime: "2026-08-07T03:24:42.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000842262.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000842262.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — STI Hits Fresh Highs as SpaceX Shrugs Off $100B Share Unlock

Singapore's banks delivered a clean sweep this week: DBS, SGX and Venture Corp all beat, then OCBC and UOB followed with strong earnings of their own, sending $FTSE Straits Times Index(STI.SG) to fresh highs. Meanwhile $SpaceX(SPCX.US) faced its first major share unlock since going public, roughly $100 billion of insider stock hitting the market, and the stock rose anyway as retail investors piled into call options. Add a fresh selloff in storage names and a reversal in oil, and it's a lot to unpack. Let's dig in 👇

**💬 SpaceX rallied through a $100B share unlock while SG banks send the STI to fresh highs — which trend do you trust more, retail conviction or steady local fundamentals?**

## 📊 Quick Recap — What Moved & Why

### 🇺🇸 US — SpaceX Shrugs Off a $100B Share Unlock

**🔑 Key Event:** $SpaceX(SPCX.US) faced its first major post-IPO lockup expiration Thursday, with **911.5 million insider shares (about $100B worth)** becoming eligible to sell, even though the stock already sat roughly 50% below its post-IPO high. Instead of selling off, $SpaceX(SPCX.US) rose about **5-6%** as retail investors bought heavily, including a rush into short-dated call options. $Dow Jones Industrial Average(.DJI.US) fell **0.9%** to **53,885**, snapping its win streak, while $S&P 500(.SPX.US) slipped **0.2%** and $NASDAQ Composite Index(.IXIC.US) was roughly flat.

> "I've been holding NVDA long-term, and thanks to the big catalyst from Elon Musk it broke out, so I added to my position, expecting more short-term upside." — @升烟

#### **👀 Other to Watch**

-   **Western Digital (**$Western Digital(WDC.US)**)** and **SanDisk (**$Sandisk(SNDK.US)**)** → extended Wednesday's guidance-miss selloff into Thursday, falling another **16-19%** and **11-13%** respectively, as several banks (Mizuho, UBS, Jefferies) cut price targets; $Micron Tech(MU.US) slipped about **6%** in sympathy.
-   **AppLovin (**$AppLovin(APP.US)**)** → Wednesday's after-hours crash carried through Thursday's session, closing down **17-19%** to a 52-week low.
-   **Atlassian (**$Atlassian(TEAM.US)**)** → Q4 revenue rose 28% to **$1.77B**, beating estimates, with cloud revenue up 31%; shares surged **31-35%** after hours.
-   **Airbnb (**$Airbnb(ABNB.US)**)** → guided Q3 revenue as high as **$4.77B**, above expectations on strong US and European travel demand; shares rose about **9%**.
-   **Alphabet (**$Alphabet(GOOGL.US)**)** → priced a **$25B** multi-tranche bond offering that drew about $115B in orders, one of the largest AI-capex-linked debt deals this year.
-   $AMD(AMD.US) → announced it's acquiring AI-inference chip startup Taalas; terms undisclosed.
-   **Datadog (**$Datadog(DDOG.US)**)** → revenue rose 36% to **$1.12B** and full-year guidance was raised, but shares plunged **17-19%**, a historic-scale drop, after management said its largest customer will cut usage starting Q3.
-   **Cloudflare (**$CloudFlare(NET.US)**)** → revenue rose 36% to **$696M**, beat estimates and raised guidance on AI-agent traffic growth; shares jumped about **15-18%** after hours.

### 🇸🇬 Singapore — DBS, SGX, OCBC & UOB All Beat as STI Hits Fresh Highs

**🔑 Key Event:** Singapore's banks delivered across the board this week. **DBS (**$DBS(D05.SG)**)** extended its post-earnings rally into a third session, **SGX (**$SGX(S68.SG)**)** posted record full-year results Thursday (adjusted net profit **+24.6%**, dividend raised 52% to **S$0.57**), and **Venture Corp (**$Venture(V03.SG)**)** jumped nearly **7%** on its own results. **OCBC (**$OCBC Bank(O39.SG)**)** and **UOB (**$UOB(U11.SG)**)** followed Friday morning, both beating estimates with double-digit profit growth. $FTSE Straits Times Index(STI.SG) closed Thursday up **1.03%** to **5,638.99** and extended gains to about 5,656 (**+0.3%**) Friday morning.

> "DBS's record S$3.08B profit is less telling than its compressing net interest margin — even with the raised payout, the trailing yield still falls short of my buy hurdle." — @TheInvestingIguana

> "Holding a 5x leveraged long on DBS, I see the pullback as short-term profit-taking rather than a deterioration in the business, so I'm staying patient rather than reacting to it." — @Rainwijaya

#### **👀 Other to Watch**

-   **Sembcorp Industries** → rose about **2%** in early Friday trading, extending the week's gains.

### 🇭🇰 HK/China — Insurers Slammed as China Taxes Offshore Policies

**🔑 Key Event:** Hong Kong's insurers were hit hard Thursday after a Caixin report said mainland China has begun levying a **20% personal income tax** on returns from offshore (HK-sold) insurance policies. **AIA (**$AIA(01299.HK)**)** fell about **6-8%** and Prudential dropped **6-10%**, dragging HSBC and Standard Chartered lower too. $Hang Seng Index(00HSI.HK) closed down **1.49%** to **25,530**, and extended losses into Friday morning, down a further **0.3-0.4%** to about 25,440; $Hang Seng China Enterprises Index(HSCEI.HK) fell **1.22%** Thursday.

#### **👀 Other to Watch**

-   Chip and AI-linked names also fell Thursday as the US storage-earnings selloff revived AI-profitability worries across the region.
-   **Nasen Technology (**$NASN TECH(02261.HK)**)** → began trading Friday following its HK listing; check the live price in Longbridge before posting, first-day data wasn't available at research time.

### 🌍 Other

-   Oil reversed sharply, with Brent up about **4%** to the $82-83 range and WTI up roughly **3%** to about $77-78, after Iran's state news agency published a restrictive draft plan for the Strait of Hormuz, undoing the de-escalation optimism from earlier in the week.
-   Trump signed a **15% tariff** on polysilicon and derivative products (wafers, solar cells), plus minimum import price floors, targeting China's dominance in the industry; the tariff takes effect December 4, not immediately.
-   China's July trade data, released Friday, showed a surplus of about **$125.6B**, with exports up **23.9%** and imports up **36%** year-on-year.

## 📅 Key Events Tonight / Next Week

-   🇺🇸 US July jobs report (nonfarm payrolls) → tonight, 8:30pm SGT.
-   🌍 China July CPI & PPI → Sun Aug 9.
-   🇭🇰 FIT Hon Teng ($FIT HON TENG(06088.HK)) → interim results board meeting, Aug 10.
-   🇭🇰 Tencent Music ($TME-SW(01698.HK)) → Q2 results, Aug 11.
-   🇺🇸 US CPI (July) → Aug 12.
-   🇸🇬 CapitaLand Integrated Commercial Trust (CICT) → results webcast, Aug 12.
-   🇭🇰 Tencent ($TENCENT(00700.HK)) → H1 2026 results, board meeting Aug 12.
-   🇺🇸 Applied Materials ($Applied Materials(AMAT.US)) → fiscal Q3 2026 results, Aug 13 after close.
-   🇭🇰 JD.com ($JD-SW(09618.HK)) → Q2 results, Aug 13 before US open.
-   🇺🇸 US PPI (July) → Aug 14.

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: Aug 7, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

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## Comments (39)

- **Valenxis · 2026-08-07T16:01:02.000Z**: i will just keep SPCX and NASA for future. gotta be diamond hand. hold it and keep in freezer first. haha.
- **NewUser_oPJWOU · 2026-08-07T13:01:38.000Z**: STI hit fresh highs as both OCBC & DBS smashed earnings. UOB's reporr was decent but clearly lagged behind the other 2 local banks. A big congrats to all bank holders as capital has been rotating into the financial sector. Do be cautious when trading though as we continue to hit ATHs.
- **Fattycat · 2026-08-07T12:41:26.000Z · 👍 1**: US jobs figures missed estimates badly: NFP printed at -23,000, with wage growth easing to only 0.1%.• This points to a definite cooling in the labor market, reinforcing expectations that the Fed may shift to a more accommodative policy.• That would keep weighing on the USD and act as a strong tailw
- **Fattycat · 2026-08-07T12:35:27.000Z · 👍 1**: US labour data weaker than expected . Meaning no rate increase 😆
  - **Fattycat** (2026-08-07T12:35:43.000Z): Good for gold too
  - **Fattycat** (2026-08-07T12:37:38.000Z): Gold up usd/yen down 🤣
- **FaithAnchor · 2026-08-07T10:34:13.000Z · 👍 1**: DBS: Peak earnings or new engine?Q2 profit hit a record S$3.08bn, beating estimates, but NIM compressed sharply to 1.87%. Wealth fees surged 42% to S$919m, cushioning the rate drag. Sustainable? Likely—but at ~3x book, DBS looks richly priced. I’d divert fresh capital toward cheaper OCBC/UOB. (Reute
- **NewUser_ThinkSwim · 2026-08-07T09:44:44.000Z · 👍 1**: Hope everyone have a great week. If you are in profit consider taking gains. If you are in the red, do not have a gambler mindset and all-in in position sizing. Markets are uncertain so trade wisely with systematic instead of emotions.
- **koolgal · 2026-08-07T09:43:14.000Z · 👍 1**: 🌟🌟🌟$STI ETF(ES3.SG)has reached a historic all time high following an absolute blockbuster earnings season from Singapore's banking giants $DBS(D05.SG)$OCBC Bank(O39.SG)& $UOB(U11.SG) today .  This isn't just a minor technical breakout.  All 3 banks threw a party, delivering towering net interest
- **Dacai · 2026-08-07T09:08:25.000Z · 👍 1**: I'm happy the banks have done well, with DBS and OCBC reaching new highs. The positive earnings were within my expectations but the premium at which the banks are trading at also makes the dividend yield less attractive.
- **Fattycat · 2026-08-07T09:01:45.000Z · 👍 1**: Spot gold running 650 pips before NFP. Do you think gold will continue its rally ?🤔
  - **Fattycat** (2026-08-07T11:35:58.000Z): Gold has done crazy….. 🚀🚀🚀🚀4325 now
- **Victor y · 2026-08-07T08:37:46.000Z · 👍 1**: Singapore equities remained strong as DBS, OCBC and UOB delivered better than expected earnings, pushing the STI to fresh record highs. Solid bank fundamentals and shareholder returns continue to support market sentiment.US markets were mixed as SpaceX climbed despite its US$100 billion share unlock
- **dingdongbell · 2026-08-07T07:57:49.000Z · 👍 1**: Markets like to climb when people don’t expect it to. It’s just how sentiments are. After a pullback of a prolonged duration like what Tech went through, most expect a bounce. But as the bounce gets higher and nearer to the ATH, that’s when everyone turns bullish again.
- **Heroic Lifesaver · 2026-08-07T07:27:40.000Z · 👍 1**: What is interesting about this market is that despite making new highs, many especially retail remain skeptical and doubtful. Technically, the charts look bullish if they continue holding the levels they broke above. And they are doing well. All these makes me lean bullish.
- **NewUser_Unm6i · 2026-08-07T06:25:53.000Z**: Good news for local banks delivered clean sweep and strong earnings send Straits Times to fresh high.SpaceX rallied through a $100B share unlock. Unsure whether the retail conviction or steady local fundamentals trend to trust more. Glad for Atlassian, Airbnb and Datadog revenues rose. Hope it can b
- **TheRaccoonAnalysis · 2026-08-07T05:52:50.000Z · 👍 1**: Singapore equities gained support as strong earnings from major banks and corporates reinforced confidence in the domestic economy, lifting the FTSE Straits Times Index to new highs. In the U.S., SpaceX absorbed a large insider share unlock with resilient demand, highlighting strong retail participa
- **Pingu · 2026-08-07T05:19:48.000Z · 👍 1**: This week is packed with market-moving events across the US, China, Hong Kong, and Singapore. The US July jobs report and CPI/PPI data will shape expectations for the Fed's next policy move, while China's inflation figures offer clues about the strength of its economic recovery. On the corporate sid
- **Fattycat · 2026-08-07T04:56:47.000Z**: Sharing one of the article and I find it interesting: Singapore reserves approaching 2 Trillion*https://vulcanpost.com/912561/singapore-financial-reserves-two-trillion/
- **Fattycat · 2026-08-07T04:40:29.000Z · 👍 1**: Happy dividends for 3 banks shareholders 😘
- **Fattycat · 2026-08-07T04:38:30.000Z · 👍 2**: Singapore banks share price is based on fundamentals. SpaceX share price is based on expectation and speculation. Which one do you trust more?
- **NewUser_CkrdqW  · 2026-08-07T04:26:38.000Z · 👍 1**: I'm really surprised by OCBC's performance this year as it stages one of the bigger comebacks I have seen from a bank, to the extent that they are now not too far off from DBS. Not only did non interest income rose significantly, OCBC has also pledged to commit fully to its $2.5 Billion capital retu
  - **Fattycat** (2026-08-07T04:47:53.000Z): Agreed. My view SG banks are less speculative than S&P 500.  Better don’t chase 👍👍. Right and prudent thought ☺️.
- **Tiffany lover · 2026-08-07T04:23:19.000Z · 👍 1**: Singaporean banks performed exceptionally well across the board this week. DBS announced record full-year results on Thursday (adjusted net profit +24.6%, dividend increased by 52% to S$0.57).OCBC ($Oversea-Chinese Banking Corporation(O39.SG)) and UOB ($United Overseas Bank(U11.SG)) followed suit on


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**