--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Micron Gives Back $1,000" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000860289.md" description: "Bonds set the price of everything yesterday, and an SG portfolio felt it from both ends. Memory took the worst of it, Micron handing back the $1,000 level it won a session earlier, while the STI slid ..." datetime: "2026-08-19T03:19:30.000Z" locales: - [en](https://longbridge.com/en/topics/100000000860289.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000860289.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000860289.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Micron Gives Back $1,000 Bonds set the price of everything yesterday, and an SG portfolio felt it from both ends. Memory took the worst of it, Micron handing back the $1,000 level it won a session earlier, while the STI slid from record territory and the local banks now trade off that same curve. One more worth your time: Anthropic quietly passed OpenAI on revenue. Let's dig in 👇 **💬 Are you adding into the memory flush here, hedging it with the inverse ETFs, or sitting in cash until tonight's Fed minutes tell you whether a hike is actually back on the table?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — Rates Found 2007, Memory Paid For It **🔑 Key Event: Dow** **-0.22%****, S&P 500** **-0.69%****, Nasdaq** **-1.33%**, a third straight down day, and none of it about earnings. The **30-year yield hit 5.31%**, its highest since July 2007, and the **10-year at 4.70%** is a full point above the top of the Fed's target. Long-duration assets pay for that first, so the chip gauge fell **-5.5%**. **👀 Other to Watch** - **Memory took the whole hit** → $Micron Tech(MU.US) **-7.0%** to **$940.76**, one session after Monday's 4.1% run to **$1,011.75** and a fresh Mizuho **$1,375** target. Also $Sandisk(SNDK.US) **-9.0%**, $SK Hynix(SKHY.US) **-7%**, $Marvell Tech(MRVL.US) **-7.8%**, $Western Digital(WDC.US) **-7.4%**, $Intel(INTC.US) **-6.6%**, $AMD(AMD.US) **-4.3%**, $NVIDIA(NVDA.US) **-2.3%**. - **The ordering is the message** → the further a name is from present-day cash flow, the harder it fell. Nvidia prints cash today and lost 2%. The buildout names borrow to grow, so $Coreweave(CRWV.US) **-12.1%** and $Nebius(NBIS.US) **-7.6%** took a straight cost-of-capital hit. - **BofA says the market has Nvidia backwards** → even after a **50% haircut** on the cash Nvidia routes into AI investments and backstops, Vivek Arya still sees a **34% to 50% discount** and a **$350** target. That call landed on the day chips fell 5.5%. - **Anthropic passed OpenAI on revenue for the first time** → per the WSJ, Anthropic more than doubled Q2 revenue to about **$11.5 billion** with a small operating profit, against OpenAI's **$6.7 billion**, up 18% with losses widening. Its pre-IPO credit line is set to clear **$10 billion**, with a listing possible this autumn. Own the AI supply chain and you now track two buyers, not one. - **Two regulatory resets** → $Meta Platforms(META.US) went to trial in Oakland against 29 state attorneys general, six to seven weeks, Zuckerberg testifying. $Apple(AAPL.US) settled with Brussels: the Core Technology Fee is scrapped for a flat **5%** on outside-store digital transactions, App Store commission **26%** or **15%**, effective **1 October**. > @Shyon**:** is averaging up into semiconductor exposure, reading the recent correction as a healthy reset rather than the end of the chip cycle, with AI infrastructure and memory demand still doing the work. ### 🇸🇬 Singapore — The Banks Are Now a Rates Trade **🔑 Key Event: STI closed Tuesday at 5,701.40, down about 1.2%**, near **5,679** this morning. With a 5.3% long bond, the local read-across runs through the banks. $Singtel(Z74.SG) showed what is getting paid: **S&P raised it to A+/A-1**, its first ever upgrade, purely for cutting adjusted debt to **S$7.5 billion** from a **S$12.3 billion** peak through asset sales, not earnings growth. **👀 Other to Watch** - $DBS(D05.SG)**,** $OCBC Bank(O39.SG) **and** $UOB(U11.SG) put up a **S$530 million** green loan for a DayOne data centre here that will pilot hydrogen power → this is where local loan growth is coming from, which ties all three banks to the AI buildout that just got repriced overnight. - $UOB(U11.SG) priced **£1 billion** of floating-rate covered bonds due 2030 at **SONIA plus 0.49%**, listing on SGX from 25 August → funding at 49 basis points while the long end screams is a real vote of confidence. The catch is full-year NIM guidance of **1.75% to 1.80%**, so the squeeze shows up on the deposit side. - $Sembcorp Ind(U96.SG) **+1.84%** was the top STI gainer on a red day, calling a possible Indian renewables listing that Bloomberg sized at up to **US$500 million** still preliminary → same theme as Singtel. Capital recycling gets paid, promises do not. > @Victor y**:** likes the export backdrop for local equities but with the STI near records prefers a selective approach in quality names and buying pullbacks, arguing that beats chasing the rally on risk reward. ### 🇭🇰 HK/China — The Selloff Crossed Time Zones **🔑 Key Event:** The **Hang Seng closed Tuesday at 25,471.15, essentially flat**, near **25,455** this morning. For anyone long memory the action is one market over: **SK Hynix and Samsung both fell 7%** today, the **Nikkei down with SoftBank** **-6.5%**. Korea decides this trade before New York opens. **👀 Other to Watch** - $BABA-W(09988.HK) reports FY2027 Q1 before the US open tomorrow, the last big Asian tech catalyst this week. ### 🌍 Other - **Brent closed near US$91 and WTI rose 2.55% to US$84.50**, both the highest since 24 July, after the 60-day ceasefire window expired on Monday and Trump said he was not interested in extending the interim deal. Hormuz stays unresolved, which is much of why the long end will not calm down. - **Gold fell 1% to US$4,423.90**, snapping a two-day rise. Losing ground on an escalation day is the clearest sign that rates, not risk, is the dominant variable this week. ## 📅 Key Events Tonight / This Week | **When (SGT)** | **What** | | ---------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------- | | **Today, after close** | 🇸🇬 **SATS (S58)** Q1 FY2027 update 🇭🇰 **Kuaishou (1024)** Q2 results | | **Tomorrow, 02:00** | 🇺🇸 **FOMC minutes** from the 28 to 29 July meeting, where rates held at 3.50% to 3.75% on a 9 to 3 vote with three dissents in favour of a hike | | **Tomorrow** | 🇭🇰 **Alibaba (BABA / 9988)** FY2027 Q1 before the US open 🇺🇸 US initial jobless claims, 20:30 | | **Friday** | 🌍 Global flash S&P PMIs | | **Watching** | 🇺🇸🇨🇦 50% tariffs on about US$20 billion of Canadian goods, due at midnight with talks still live 🇺🇸🇮🇷 Hormuz reopening after the ceasefire lapse | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: August 19, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [U96.SG](https://longbridge.com/en/quote/U96.SG.md) - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) ## Comments (32) - **Fattycat · 2026-08-19T14:34:50.000Z**: Gold rally 1500 Pips before Fed meeting minutes plus the news of US Treasury said that it would at least double the maximum size of its liquidity-support buybacks for longer-dated Treasury - **TheCollector · 2026-08-19T12:04:00.000Z**: keeping an eye on Alibaba. it looks cheap relative to historical highs and peers, but whether it’s truly undervalued depends on China’s regulatory environment, competitive landscape, and AI monetization potential. - **NewUser_Unm6i · 2026-08-19T11:04:05.000Z**: Yesterday, Micron won Singapore portfolio. Sembcorp Ind and WTI increase their percentages. However, many companies’ shares fell in percentages due to competitions and issues.AI (Artificial Intelligence) creates the trend now. Will it be good for the society in a long-term basis? People also need th - **Tiffany lover · 2026-08-19T09:26:14.000Z**: The US 30-year Treasury yield rose to 5.31%, its highest since July 2007, while the 10-year yield hit 4.70%, a full percentage point above the Fed's target range ceiling.Long-duration assets came under pressure first; US Treasuries are at their lowest in 20 years. Is this due to market selling of US - **Dacai · 2026-08-19T08:18:56.000Z**: The price movements in memory stocks have been doing sharp swings up and down for weeks but have the fundamentals and demand and supply situation really changed? AI is still a super cycle. I will just ignore the noise. - **Helen72 · 2026-08-19T07:47:51.000Z**: A fascinating market phenomenon regarding capital efficiency and 'valuation discounts': SK Hynix leads in both technology and market share, yet trades at a cheaper valuation (5.8x P/E vs. Micron's 7x P/E). This is largely due to the persistent 'Korea discount' that keeps overall valuations on the KR - **Valenxis · 2026-08-19T06:37:04.000Z · 👍 1**: Memory stocks going down is fine and normal, given that it ran up so much previously. It will go back to the fair value price range. Enter there if wanna then. - **koolgal · 2026-08-19T06:11:52.000Z · 👍 1**: 🌟🌟🌟I will be watching $BABA-W(09988.HK)as it reports its latest earnings on Thursday August 20 2026. While Alibaba's top line cloud and ecommerce volumes are successfully expanding, massive structural investments into AI infrastructure are eating away at its immediate bottom line.The consensus rev - **Fattycat · 2026-08-19T06:00:54.000Z · 👍 1**: Causal talk : After the historic joint US Treasury and Bank of Japan intervention on 3 August 2026, the Yen surged 5.27% (USD/JPY down to 155.20) .But in less than two weeks, its raise all the way back to 159.30. Both BOJ and US spent approximately US$80–95 billion spent on intervention and look lik - **Fattycat · 2026-08-19T05:33:42.000Z · 👍 1**: Too many gold sellers. Expect US market to open “RED” before Fed meeting minutes. What do you think ? - **relf · 2026-08-19T05:13:29.000Z · 👍 1**: Markets have largely rebounded over the last two weeks. Not surprising to see some form of a pullback as people take profits. Time in the market is still better than timing the market for most. - **dingdongbell · 2026-08-19T04:53:02.000Z · 👍 1**: When you compare general markets and tech, it is obvious that one is not for the faint hearted. Looks like risk off rotation again, from risk on high beta to defensive names like healthcare and defensive tech. - **Fattycat · 2026-08-19T04:50:22.000Z · 👍 2**: Today is Kuaishou earnings. I will be watching closely as I hold it through the HST ETF. I believe a good result will set the mood for Hang Seng Tech tomorrow. 🧐It will also support Alibaba shares price before its earning due tomorrow HK market closed. Beside this, metals close RED yesterday .Mar - **Heroic Lifesaver · 2026-08-19T04:49:37.000Z · 👍 1**: When I look at high beta tech, it really resembles a roller coaster. The way it goes up and then down and when it coasts, be prepared for the next thrilling phase. 😂 - **Vt3 · 2026-08-19T04:46:14.000Z · 👍 2**: Yesterday just mentioned beware of roller coaster ride, seems it began last session, get ready to add products spread or buy dips to build back your portfolios if per thesis, direction, which stock am going to buy more? What goes up will comes down and still will goes back up. Nothing is stagnantly - **Fattycat** (2026-08-19T04:53:58.000Z): Yes. You are right .sit tight . Buckle up safety belt.🤣 - **Vt3** (2026-08-19T05:04:21.000Z): 💯 Trained on roller coaster. Last Zhang Jia Jie trip this year, tried the hell coaster long ride, most eerie ride than my Hokkaido 🚁3 times continued ride. Live Life To Fullest Liao yeah ~ Nothing to - **Fattycat** (2026-08-19T05:09:13.000Z): I love Zhang Jia Jie . I was there in 2007. Donkey years ago.Let’s go SPCX. ( seems like no more ENGINE OIL🤣 need to install BYD rechargeable batteries) - **Victor y · 2026-08-19T04:45:25.000Z · 👍 2**: Market volatility is being driven largely by higher interest rates and rising bond yields. Singapore equities have eased from recent highs as investors remain focused on the interest rate outlook. Despite this the broader economy continues to show resilience, supported by steady exports, technology - **win win · 2026-08-19T04:32:16.000Z · 👍 2**: Memory stocks went up so high, yesterday US memory stocks went down just a bit. Year to date, major memory stocks went up many folds. Let us see the coming performance - **NewUser_ThinkSwim · 2026-08-19T04:32:00.000Z · 👍 1**: Stocks have shown either slowly dip or maybe a correction pullback. System plan will be to slowly dca into a stock that you want to own that will generate good free cash flow and growth for the years you are holding its shares. When to sell can always be +100%,+150% or +200% as a gauge. A win is a w - **NewUser_CkrdqW · 2026-08-19T04:14:34.000Z · 👍 1**: The 30 year Treasury Bill yield just hit 5.31%, highest since 2007, and this was a major warning sign for most stocks. Even the reliable and relatively stable STI fell back by 1.2% yesterday and is still pulling back today. This however, could be great as our local banks have run up so much in the p - **ShortWalk · 2026-08-19T03:54:17.000Z · 👍 1**: With SG stocks impacted by the bond, perhaps its time to double down.The major banks commitment to sustainability will only translates to better growth for the future.Personally feel that with the growth of AI, memory demand. The impact from bond is just temporary - **Fattycat** (2026-08-19T04:22:26.000Z): My understanding:When there is a higher demand for AI and memory chips, price will go up. When price go up, higher inflation. Hence bond holders will ask for higher rates of returns to fight against i --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**