☕️ [Task Coins Giveaway] Daily Market Talk — Apple's Foldable iPhone Launches Tonight, Supply Already Short

Apple's foldable iPhone launches tonight (1am SGT) in what Morgan Stanley calls its most consequential event since the iPhone X — but production is reportedly stuck at just hundreds of units a day. Separately, Qualcomm locked in a $60B AI chip deal with Amazon. Let's dig in 👇

💬 A foldable iPhone priced above $2,000, shipping at just a few hundred units a day — can Apple's most ambitious launch in years survive its own supply chain?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Apple's Foldable iPhone Launches Tonight, Supply Already Short

🔑 Key Event: $Apple(AAPL.US) holds its iPhone event tonight (1am SGT) — the first major launch under new CEO John Ternus — expected to unveil a foldable iPhone priced above $2,000. But daily output is reportedly just a few hundred units, far short of an 8-10M target, as Apple locks in a multi-year NAND deal with Kioxia.

@Dacai : While the Apple ecosystem has a strong moat and its services income remains robust, there are some concerns that higher component costs leading to higher prices will dampen sale numbers of the new models.

👀 Other to Watch

• $Qualcomm(QCOM.US) → +3.17% after locking in a deal worth up to $60B with Amazon for custom AI inference chips through 2036, with Amazon getting warrants on up to 25M Qualcomm shares.
• $Corning(GLW.US) → +7.56% on a multi-year fiber supply deal with Verizon running through 2032.
• $Intel(INTC.US) → +9.05%, leading chip-sector gains as its October price-hike plan continues to develop.
• $SpaceX(SPCX.US) → +3.73%, pushing its market cap back above $2 trillion for the first time since early July.
• $Meta Platforms(META.US) → launched Muse, a personal AI agent that can book appointments and handle errands, with free and paid tiers up to $100/month.

🇸🇬 Singapore — STI Falls Further

🔑 Key Event: $FTSE Straits Times Index(STI.SG) closed at 5,767.45 Tuesday, then extended its slide this morning — down -0.65% to around 5,730 as of publish time (~11am SGT).

👀 Other to Watch

• The three local banks fell in step: $DBS(D05.SG) -0.86% to S$77.43, $OCBC Bank(O39.SG) -1.20% to S$31.32, $UOB(U11.SG) -1.23% to S$41.09.
• SG REITs remain the sector most exposed to today's story: the 10-year Treasury yield's climb toward 5% raises borrowing costs and pressures valuations for rate-sensitive names.

@TheInvestingIguana : If you own REITs, your real benchmark was never the S&P 500 — it's the government bond yield. When the safe alternative gets more competitive, the hurdle for everything else rises with it, even if nothing about the company's fundamentals has changed.

🇭🇰 HK/China — Lenovo Rebounds After Tuesday's Crash

🔑 Key Event: $LENOVO GROUP(00992.HK) rebounded about +2% this morning, clawing back part of Tuesday's convertible-bond-driven crash.

👀 Other to Watch

• $LONGSYS(09976.HK) → fell below its HK$236 IPO price on its trading debut, confirming Monday's weak grey-market signal.
• $XIAOMI-W(01810.HK) → -1.78% today, extending its slide as Huawei, Xiaomi and Apple all launch foldable phones this same week (Sept 7-10); Xiaomi's "18 Fold," launched Monday, is reported to outspec Samsung's Galaxy Z Fold 8.

🌍 Other

• 🇾🇪 Houthi forces struck Saudi Aramco facilities and a Saudi air base, wounding 73; the US said it destroyed 5 Iranian oil tankers. Brent rose to $98.61, and Goldman raised its Brent/WTI forecasts by $5. Copper hit a fresh record of $14,673/ton.
• 🇨🇦 Trump signed orders banning Canadian alcohol, dairy and motorcycles, layering onto Canada's own C$27.6B retaliatory tariffs already in effect.
• 🇯🇵 The Bank of Japan is reportedly considering raising rates to ~1.25% at its Sept 17-18 meeting, which would be its highest in about 31 years.

📅 Upcoming Key Events

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨
🚫 No duplicates · ⏰ Deadline: Sept 9, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏