☕️ [Task Coins Giveaway] Daily Market Talk — US Strikes Iran as Oil Surges 5%

US Central Command struck Iranian Revolutionary Guard targets Tuesday; Iran retaliated against US bases in Jordan and Bahrain. Oil jumped over 5%. Dell raised its full-year revenue guide by $25 billion on record AI server demand. Let's dig in 👇

💬 Oil jumped 5% on fresh US-Iran strikes — are you rotating into energy, or fading the headlines?

📊 Quick Recap — What Moved & Why

🇺🇸 US — US Strikes Iran as Oil Surges 5%

🔑 Key Event: US Central Command struck Iranian Revolutionary Guard targets Tuesday; Iran retaliated against a US base in Jordan. WTI settled +5.20% at $90.22, Brent +4.6% at $94.65. US indices closed lower ($Dow Jones Industrial Average(.DJI.US) -0.79% to 52,766.88, $S&P 500(.SPX.US) -0.71% to 7,631.47, $NASDAQ Composite Index(.IXIC.US) -1.03% to 26,099.77).

@trade carefully : Long period of war on Iran push up the inflation. Federal Reserve should increase the interest rate by 0.25% in line with the market.

@EdmundK : Warsh flipping September to 50/50 rate hike odds changes everything. Even strong Nvidia/AMD earnings couldn't save the market. Add Iran + Venezuela oil risks. Expect more downside ahead.

@Spartan : Don't think rate hikes will happen any sooner. Venezuela oil supply may take off some pressure on oil price probably for this 2 qtrs. Next year will be interesting to watch.

👀 Other to Watch

• $Apple(AAPL.US) → closed +2.61% Tuesday; the company confirmed its Sept 10 event, with Alibaba's Qwen model integrated into China's Apple Intelligence and Baidu also confirmed participating. New CEO John Ternus's first all-staff memo called it "extraordinarily special."
• $Dell Tech(DELL.US) → fell -6.80% to $425 Tuesday in a broad pre-earnings selloff, then reported after close: Q2 revenue $47.0B (+58% YoY), EPS $7.04 (+203% YoY), and raised FY guidance from ~$167B to $192B on a record $95B AI-server backlog.
• $NVIDIA(NVDA.US) → fell -1.51% to $217.44; Ming-Chi Kuo reports Nvidia has redesigned its "Rubin CPX" inference chip with 168GB of HBM4 memory (up from 128GB GDDR7), targeting Q1 2027 production.
• $Credo Tech(CRDO.US) → tumbled -8.65% despite Q1 revenue of $479M (+114.7% YoY); investors focused on softer sequential gross margin guidance (62.9-64.9%) for Q2.

@Vt3 : I am looking for a positive but volatile move driven by the Sept foldable iPhone launch cycle and anticipation of the Oct earnings report. My base case is moderate upside if demand remains strong and supply issues ease.

🇸🇬 Singapore — Tracking the Global Selloff Lower

🔑 Key Event: $FTSE Straits Times Index(STI.SG) fell 0.8% to about 5,710 Tuesday, tracking regional weakness lower again Wednesday. $DBS(D05.SG), $OCBC Bank(O39.SG), and $UOB(U11.SG) traded steadily.

👀 Other to Watch

• SG REITs → the sector most exposed to Tuesday's yield spike; with the 30-year US Treasury yield at its highest since 2007, Singapore's rate-sensitive REITs face renewed pressure even as no single REIT had a distinct company-specific headline today.

🇭🇰 HK/China — HSI Falls for a Second Day

🔑 Key Event: $Hang Seng Index(00HSI.HK) fell 0.93% to 25,329 Tuesday, then extended the decline Wednesday morning. $SHEIN-W(00625.HK) actually closed flat at HK$48.56 on debut day, before slipping to around HK$46.96 Wednesday.

👀 Other to Watch

• $CHINA OVERSEAS(00688.HK) & $CHINA RES LAND(01109.HK) → both fell -9% Tuesday, the session's worst performers, as mainland property led the broader selloff.
• $Zhongji Innolight(300308.SZ) → announced a RMB4-8B buyback plan for employee incentives, then bought back its first 374,100 shares (RMB318M) Tuesday, even as Morgan Stanley cut its long position in the stock from 11.09% to 6.55%.

🌍 Other

• 🇰🇷 Samsung unveiled its HBM5 roadmap, targeting 2x the performance of HBM4E on an in-house 2nm base die, mass production around 2028.
• Micron's Taiwan union is threatening a strike over bonus-scheme reform, covering roughly two-thirds of its 15,000 Taiwan employees; no strike has started yet.
• 🇺🇸 US 10-year Treasury yield hit 4.79%, its highest since January 2025; the 30-year touched 5.29% intraday, highest since 2007.

📅 Key Events Tonight / This Week

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🚫 No duplicates · ⏰ Deadline: Sept 2, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏