--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Singapore Marks National Day as STI Extends Its Streak" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000845437.md" description: "Singapore's market is closed today for National Day (observed), but Friday left plenty to talk about: $FTSE Straits Times Index(STI.SG) notched its 9th straight weekly gain, with $DBS(D05.SG) extendin..." datetime: "2026-08-10T03:00:18.000Z" locales: - [en](https://longbridge.com/en/topics/100000000845437.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000845437.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000845437.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Singapore Marks National Day as STI Extends Its Streak Singapore's market is closed today for **National Day** (observed), but Friday left plenty to talk about: $FTSE Straits Times Index(STI.SG) notched its 9th straight weekly gain, with $DBS(D05.SG) extending its post-earnings rally. Over in the US, a surprise July jobs report showing a loss of 23,000 positions sent $S&P 500(.SPX.US) to a record close, as traders bet the weak print gives the Fed more room to cut rates. Add $Apple(AAPL.US) reportedly testing Chinese memory chips and Berkshire Hathaway ending a 14-quarter selling streak, and it's a lot to unpack. Let's dig in 👇 **💬 A jobs report this weak used to spook markets, but this time it sent the S&P to a record — has bad news quietly become good news again?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — Jobs Shock Sends the S&P to a Record **🔑 Key Event:** US July nonfarm payrolls unexpectedly fell by **23,000** (vs. +80,000 expected), with unemployment ticking down to **4.1%**, and traders read the weak print as giving the Fed more room to cut rates. $S&P 500(.SPX.US) jumped **0.62%** to a **record close of 7,757.64**, $NASDAQ Composite Index(.IXIC.US) surged **1.30%** to 26,690.62, and $Dow Jones Industrial Average(.DJI.US) rose **0.28%** to 54,036.93, capping the S&P's and Nasdaq's strongest week since April. #### **👀 Other to Watch** - $Apple(AAPL.US) → reportedly testing memory chips from China's ChangXin Memory Technologies for potential use in iPhones and MacBooks, as an AI-driven memory shortage strains its usual suppliers; the move would need US government approval given export controls. - **Berkshire Hathaway** → disclosed it turned net buyer of stocks for the first time in 14 quarters, buying about **$20B** in Q2, with $Alphabet(GOOGL.US) now among its top five holdings; the detailed 13F breakdown lands this Friday. - $Lumentum(LITE.US) → rose **6%** Friday, capping a 25% weekly climb, on reports Washington may bar new Chinese optical transceivers from US data centers plus Nvidia's $2B investment pledge to Lumentum and Coherent for US photonics manufacturing. ### 🇸🇬 Singapore — STI Notches a 9th Straight Weekly Gain, Market Closed Today **🔑 Key Event:** $FTSE Straits Times Index(STI.SG) closed Friday at **5,698.43 (****+1.05%****)**, its 9th consecutive weekly gain, though still below its July 29 record of 5,713.19. $DBS(D05.SG) extended its post-earnings rally, closing Friday up **1.67%** on continued analyst optimism, while Elite UK REIT jumped about **3%** on a dividend-per-unit increase. Singapore's market is closed today for National Day (observed) and reopens Tuesday. > @TheInvestingIguana : All three banks beat estimates, yet the market only rewarded two of them — I'm less interested in the profit beat than in what management's guidance says about the next few quarters. #### **👀 Other to Watch** - $UOB(U11.SG) → slipped **0.6%** Friday despite beating profit estimates, a "sell the news" reaction as its fee-growth guidance lagged DBS's and OCBC's. ### 🇭🇰 HK/China — Hang Seng Rebounds as Insurers Recover **🔑 Key Event:** $Hang Seng Index(00HSI.HK) rebounded Friday, closing up **0.54%** at **25,668**, recovering from Thursday's insurer-driven selloff; $Hang Seng China Enterprises Index(HSCEI.HK) rose **0.39%** to 8,531.58. The rally extended into Monday morning, with $Hang Seng Index(00HSI.HK) up a further **0.53%** to about 25,805. China's July inflation data, released over the weekend, showed CPI up **0.5%** year-on-year (slowing from June) and PPI up **3.5%**. **👀 Other to Watch** - **Moore Threads** → the Chinese GPU maker's board approved plans to issue H-shares and list on the Hong Kong Stock Exchange's Main Board, pending further approvals. - Chinese photonics/optical-component names extended this week's rally on continued Nvidia-linked supply-chain optimism. ### 🌍 Other - Oil extended its climb, with Brent up about **1%** Friday and again Monday morning to around $84.50, and WTI near $78.80, as Iran said it wasn't yet in direct talks with the US to reopen the Strait of Hormuz, dampening hopes for a quick resolution. - SK Hynix is reportedly planning a shareholder-return program worth roughly **$71B**, with about 40% earmarked for buybacks — though the company says details won't be finalized until Q3. - Elon Musk confirmed on social media that his Terafab chip project will attempt an in-house free-electron-laser approach to generating EUV light, an early-stage bet that could reduce reliance on ASML's core lithography technology. ## 📅 Key Events Tonight / This Week | **When (SGT)** | **What** | | --------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Today, Mon 10 Aug** | 🇸🇬 Singapore market closed for National Day (observed), reopens Tuesday 🇺🇸 $Rocket Lab(RKLB.US), $AST SpaceMobile(ASTS.US), $Hims & Hers Health(HIMS.US) — Q2 earnings, after close | | **Tue 11 Aug** | 🇺🇸 $Lumentum(LITE.US), $Coreweave(CRWV.US) $Super Micro Computer(SMCI.US) — earnings, after close | | **Wed 12 Aug** | 🇺🇸 US CPI (July), 8:30am ET 🇺🇸 Google's Pixel 11 launch event 🇭🇰 $TENCENT(00700.HK) — H1 2026 results 🇺🇸 $Coherent Corp.(COHR.US), $Cerebras(CBRS.US) — earnings, after close | | **Thu 13 Aug** | 🇺🇸 US PPI (July), 8:30am ET 🇺🇸 $Sandisk(SNDK.US) investor day 🇭🇰 $JD-SW(09618.HK), $SMIC(00981.HK) — results | | **Fri 14 Aug** | 🇺🇸 Berkshire Hathaway Q2 13F filing deadline — will reveal its exact Alphabet position change | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Aug 10, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [DOW.US](https://longbridge.com/en/quote/DOW.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) ## Comments (31) - **LetMeRetire · 2026-08-11T10:53:21.000Z**: I think STI will continue its rally with bank displaying an increasing amount of income coming from wealth management as wealth come into SG from unstable geopolitical landscape. On a technical POV, price did breakout of a 17 year range so I expect price to head up higher, people forget there are ‘d - **FaithAnchor · 2026-08-10T13:12:04.000Z**: Apple testing China’s CXMT memory chips signals a pragmatic supply-chain pivot as AI demand squeezes DRAM supply. My stance: strategically positive for Apple, but a geopolitical risk. CXMT’s rising capacity could pressure Micron, Samsung and SK Hynix on pricing. - **Victor y · 2026-08-10T12:57:19.000Z**: Global markets remain bullish, with weaker-than-expected US jobs data boosting rate-cut hopes and pushing the S&P 500 and Nasdaq to record highs.Singapore's STI extended its winning streak to nine weeks, supported by strong bank earnings and continued DBS momentumMarket participants now turn to - **Yoopie · 2026-08-10T10:07:04.000Z**: Holiday season seem to slow down market movement - **NewUser_oPJWOU · 2026-08-10T08:39:22.000Z · 👍 1**: Crucial week ahead with US CPI coming in on Wednesday night which earnings continue to roll on. Friday's Bershire Hathaway's 13F filling would also reveal how much exactly they have added to their Alphabet position which may continue to affect investors' confidence in Google. Rest day for our local - **Helen72 · 2026-08-10T08:11:00.000Z · 👍 1**: The divergence in forward guidance is the most decisive factor. The market only "rewarded" DBS and OCBC, while neglecting UOB. The core reason is that the first two banks raised their future earnings guidance, demonstrating stronger profit resilience against interest rate cuts, whereas UOB l - **dingdongbell · 2026-08-10T06:59:25.000Z · 👍 2**: The markets did well consolidating into the weekend after a good rally. If we keep getting shallow pullbacks, they look good for a sustained rally. - **koolgal · 2026-08-10T06:50:02.000Z · 👍 1**: $Rocket Lab(RKLB.US) reports its Q2 2026 financial results today, August 10 2026 after the US market closes. Wall Street expects around USD 231 million in revenue. This is a staggering 60% jump year over year. If Rocket Lab hits it, this is 5 record breaking quarters in a row.Rocket Lab has just - **Darkwinter · 2026-08-10T06:03:05.000Z · 👍 1**: CPI and PPI are the main crux. All others are noise - **Fattycat** (2026-08-10T07:09:14.000Z): How about Trump 🤭 - **NewUser_CkrdqW · 2026-08-10T05:54:57.000Z · 👍 1**: Berkshire Hathaway seems to be going all in on Google with their large purchases of Alphabet shares recently, making Google their top 5 holdings in their portfolio. I agree with them, holding Google for the long term could work out nicely. - **NewUser_Unm6i · 2026-08-10T05:30:18.000Z · 👍 1**: Wonder on Straits Times notched its 9th straight weekly gain in. Since US reported 23,000 job position loss and unployment ticking down 4.1%, this is not good for the country. Though Apple reported testing Chinese memory chips and Berkshire Hathaway ending 14-quarter selling streak, what will be the - **KellyWML · 2026-08-10T04:57:59.000Z · 👍 1**: Straits Times index having a good decent run up for past weeks, driven further upwards by the SG TRIO'S earnings that beat the consesus and closed Friday at 5698.43, realising 09/08 N-DAY effect perfectly. Let's celebrate, HAPPY BIRTHDAY SINGAPORE. - **Rainwijaya · 2026-08-10T04:54:23.000Z · 👍 2**: This week looks event-driven, with US CPI and PPI likely to set the tone for rates and equities. Softer inflation could support risk assets and tech, while hotter prints may revive Fed concerns and pressure valuations. Oil and Hormuz tensions remain another key wildcard, keeping inflation and volati - **Fattycat** (2026-08-10T05:59:54.000Z): Volatility means opportunity for day traders 🤭 - **NewUser_ThinkSwim · 2026-08-10T04:48:32.000Z · 👍 2**: Sti increase due to recent banks stocks increase from good earnings. Please exercise caution or if you are already up by lots year to date. Have a good day. - **Fattycat** (2026-08-10T05:03:36.000Z): Cheers and have a good day 😘 - **Shyon · 2026-08-10T04:33:39.000Z · 👍 1**: The weak US jobs report is probably the biggest thing I’m watching. Payrolls unexpectedly fell by 23,000, yet the S&P 500 and Nasdaq both hit record highs as investors bet weaker employment gives the Fed more room to cut rates. For now, “bad news is good news” seems to be back, but upcoming CPI - **Heroic Lifesaver · 2026-08-10T04:02:04.000Z · 👍 1**: Its encouraging to see Berkshire deploy their cash and amass Google. In true Buffet style, they gravitate to an established name with a moat. The choice is clear. AI is here to stay. - **Fattycat** (2026-08-10T04:08:33.000Z): I believe Google is the only tech stock that Berkshire Hathaway invests in. I trust their take because their research is unlikely to be wrong.🤭 - **Heroic Lifesaver** (2026-08-10T07:36:47.000Z): Apple is their first tech stock. They used to not think much about tech. But they seem to realise they need to rethink their thinking or get left behind. 🤓 - **longOnly · 2026-08-10T03:59:22.000Z · 👍 2**: soon sti may lose its streak. nothing goes up forever. the same for ai stocks. ai spending will cause inflation leading to interest rate increase. - **Fattycat** (2026-08-10T04:11:07.000Z): True. DBS CEO Tan Su Shan and DBS Research paint a bullish long-term picture projecting that STI index to reach 10,000😱🤭🤭. - **Vt3 · 2026-08-10T03:57:54.000Z · 👍 1**: I keep thinking tonight is full swing off day after our Lion Roars🦁 Markets open with cautious optimism, balancing earnings momentum and macro risks. ☕️ - **Fattycat** (2026-08-10T04:04:39.000Z): i think market will trade sideways before CPI results announcement. Let’s see if I am right😉 - **relf · 2026-08-10T03:48:11.000Z · 👍 1**: While new highs are positive, have to balance between staying invested for the long term versus fomo trading. Happy belated birthday Singapore! - **LazyCat · 2026-08-10T03:47:20.000Z · 👍 1**: The Tencent and JD earnings could likely be catalysts for the beaten down Hang Seng Tech to rally. Looking forward to a positive market reaction. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**