---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — Trump Rejects Iran Deal, Oil Rebounds"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000915608.md"
description: "Wall Street closed its first up-week in three, then Trump rejected Iran's seven-day Hormuz offer over the weekend, sending Brent higher again and US futures lower into Monday. Microsoft led the week's..."
datetime: "2026-09-28T02:51:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000915608.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000915608.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000915608.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — Trump Rejects Iran Deal, Oil Rebounds

Wall Street closed its first up-week in three, then Trump rejected Iran's seven-day Hormuz offer over the weekend, sending Brent higher again and US futures lower into Monday. Microsoft led the week's movers. Let's dig in 👇

**💬 With oil climbing again and an October hike priced in, are you buying energy or trimming growth?**

> **📝 Help us make Daily Market Talk better!** Take our quick survey and earn **500 Task Coins** once you complete it: [https://forms.gle/npmPXYXHmQ7oFLME8](https://docs.google.com/forms/d/e/1FAIpQLScgNLcqOBBBvLXvBPh-EQ6MM2JDBqz7aALqSZI2KTgsf9d1Tw/viewform?usp=header)

## 📊 Quick Recap — What Moved & Why

### 🇺🇸 US — Oil Snaps Back After Trump Says No

**🔑 Key Event:** Trump rejected Iran's offer to reopen Hormuz within seven days, though talks continue this week; Brent reversed Friday's slide and climbed through Asian trading Monday. $S&P 500(.SPX.US) **+0.51%**, $Dow Jones Industrial Average(.DJI.US) **+0.93%**, $NASDAQ Composite Index(.IXIC.US) **+0.48%**.

> @NewUser\_CkrdqW : Reports of a Trump deal with Iran to reopen the Strait of Hormuz sent the market into recovery mode... though I remain cautious as it's Friday and anything can happen over the weekend.

**👀 Other to Watch**

-   $Microsoft(MSFT.US) → **+3.7%** to a 10-month high on its **Copilot "super app",** now priced by usage, not subscription.
-   $Meta Platforms(META.US) → **-3.3%** as Goldman questioned AI capex returns and a jury found it misled Facebook users.
-   $Costco Wholesale(COST.US) → **+2.9%** on a Q4 beat despite a $152M memory-inflation charge on electronics.
-   $Micron Tech(MU.US) → flat ahead of its Sept 30 earnings, due about 4am Thursday SGT; $SK Hynix(SKHY.US) **+2.8%** as its **Solidigm unit weighs a $150B IPO**.
-   $Apple(AAPL.US) → **+1.5%** despite a record $5.7B iPhone-haptics patent verdict it will appeal.

### 🇸🇬 Singapore — Banks Carry the STI Higher

**🔑 Key Event:** $FTSE Straits Times Index(STI.SG) rose **+0.49%** Friday to 5,711 and added about **+0.4%** to 5,734 this morning, with $OCBC Bank(O39.SG) **+1.3%** leading Friday's gainers.

> @TheInvestingIguana : The STI just closed its best week in a while. Friday's rally papered over a tension that hasn't gone anywhere.

**👀 Other to Watch**

-   $UOB(U11.SG) **+1.6%**, $OCBC Bank(O39.SG) **+0.6%** and $DBS(D05.SG) **+0.5%** this morning; **DBS is near its 52-week high.**
-   MAS → another October tightening is expected after 2.2% core inflation; Nomura sees 50bp, UOB 25bp.

### 🇭🇰 HK/China — Banks Lift HSI as AI Models Slide

**🔑 Key Event:** $Hang Seng Index(00HSI.HK) fell **-1.01%** Friday without Stock Connect flows, then rebounded **+0.6%** to 24,654 this morning as mainland banks jumped. AI model stocks kept falling: $MINIMAX-W(00100.HK) **-8.3%**, $Z.AI(02513.HK) **-4.6%** on a model price war.

> @Fattycat : Hang Seng Tech is following the same path as S-REITs. I think this shift began when the BOJ and Fed raised their rates; institutional funds are repositioning.

**👀 Other to Watch**

-   $BABA-W(09988.HK) → **-1.4%** even as Beijing reportedly cleared it and ByteDance to buy Nvidia's RTX Pro 5500.

### 🌍 Global/Macro

-   🇺🇸🇨🇳 Xi and Trump closed the state visit with eight agreements, including a $30B reciprocal tariff cut and an AI dialogue from November.
-   🇺🇸 The 30-year Treasury yield closed at 5.50%, highest since 2004; October hike odds near 65%.

## 📅 Upcoming Key Events

| **When (SGT)**  | **What**                                                                               |
| --------------- | -------------------------------------------------------------------------------------- |
| **Tue 29 Sept** | 🇺🇸 OpenAI DevDay                                                                       |
| **Wed 30 Sept** | 🇺🇸 August PCE inflation, 8:30pm   🇺🇸 FY2026 funding deadline, shutdown risk from Oct 1 |
| **Thu 1 Oct**   | **🇺🇸 Micron earnings, about 4am**                                                      |
| **Fri 2 Oct**   | 🇺🇸 Nike earnings, about 4am   **🇺🇸 September jobs report, 8:30pm**                     |

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: Sept 28, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

### Related Stocks

- [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md)
- [02513.HK](https://longbridge.com/en/quote/02513.HK.md)
- [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md)
- [U11.SG](https://longbridge.com/en/quote/U11.SG.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [MU.US](https://longbridge.com/en/quote/MU.US.md)
- [STI.SG](https://longbridge.com/en/quote/STI.SG.md)
- [O39.SG](https://longbridge.com/en/quote/O39.SG.md)
- [UOVEY.US](https://longbridge.com/en/quote/UOVEY.US.md)
- [00100.HK](https://longbridge.com/en/quote/00100.HK.md)

## Comments (44)

- **ynwa · 2026-09-29T13:00:24.000Z**: With oil climbing, I’m still hesitant to buy energy companies. Most of the tightness in the energy markets we see will unwind quickly should there be a US-Iran deal - a risk that I don’t want to take. I’d rather continue to ride on the AI theme, but importantly only buy on dips provided by market co
- **Dacai · 2026-09-28T15:59:52.000Z**: I’m not familiar with the players in the energy sector but I will be doing more research on that as it is likely to benefit the most from high oil prices.
- **NewUser_hCn26 · 2026-09-28T14:04:37.000Z**: Rejecting Iran’s offer reignites geopolitical supply shocks, pushing Brent crude higher and adding persistent cost-push inflation to an aggressive Fed rate outlook. Higher energy costs squeeze corporate margins and compress equity valuations, making market broader rallies vulnerable to extended macr
- **KC1028 · 2026-09-28T11:25:14.000Z**: @LongbridgeAI Summarize
  - **LongbridgeAI** (2026-09-28T11:25:14.000Z): Sorry, I can't answer this question. Possible reasons are:1. I (LongbridgeAI) can only answer questions in the finance field.2. I (LongbridgeAI) answers questions based on financial information and co
- **NewUser_gsGAfq · 2026-09-28T09:56:41.000Z**: Gold and silver both plunging 3% and 4.7%
- **NewUser_ThinkSwim · 2026-09-28T09:21:49.000Z**: This week's activities will be a volatile one plus $Micron Tech(MU.US) will be on earnings. No matter if it moves up or down will affect the demand in semiconductor sectors. Plus those stocks linked to AI have benefitted much upside gains it might not be a bad idea to take profits if have not done s
- **NewUser_CkrdqW  · 2026-09-28T08:08:54.000Z**: I think the Meta pullback is healthy as the bulls have over-carried for the past week since Muse went online. As much as I'm optimistic about it, I think now is the consolidation period post bullish momentum. Ofc, Trump's deal with Iran will affect the overall market as well.
- **koolgal · 2026-09-28T07:34:38.000Z**: 🌟🌟🌟What Should Investors Do When Trump Rejected Iran's Latest Ceasefire Truce?Just last Friday, the market was breathing a sigh of relief.  Iran floated a beautiful shiny 7 day truce plan to reopen the Strait of Hormuz.  Then fast forward to the weekend and President Trump said No to Iran's proposal
  - **Captain Leo** (2026-09-29T11:23:08.000Z): Leading with a 0.02% fee rather than the headline is the detail that compounds quietly for anyone buying monthly over twenty years.
  - **koolgal** (2026-09-29T18:53:23.000Z): Thanks for sharing your valuable tip.🥰
- **kaydenh · 2026-09-28T06:49:32.000Z**: Wow unbelievable
- **dingdongbell · 2026-09-28T06:46:27.000Z**: Oil transit through the Straits of Hormuz seems to be picking up so that might indicate that Oman and the US are able to circumvent the blockage. Hence the stance but not surprised with a Taco coming up as well.
- **yzyanggg · 2026-09-28T06:36:45.000Z**: I believe in Bessent
- **relf · 2026-09-28T06:03:16.000Z**: Quiet weekend with no major drama from the US China meeting. Earnings season up next. Lots to look forward to.
- **FaithAnchor · 2026-09-28T05:40:37.000Z · 👍 1**: $STI ETF(ES3.SG)Singapore banks are keeping the STI afloat as rate-hike expectations support sentiment. But REITs are feeling the squeeze: higher bond yields mean costlier refinancing and less attractive yields. Can bank momentum offset property weakness?
- **win win · 2026-09-28T05:17:08.000Z**: War on Iran, Iran wants to open the Straits of Hormuz for 7 days but not permanent with terms and conditions apply. But US President, Trump says no.
- **Heroic Lifesaver · 2026-09-28T05:15:46.000Z**: Haha….Looks like the TACO script is in play again. And markets still fall for it! Expecting talks to progress and the president’s stance to soften again….
- **SleepyPanda · 2026-09-28T05:14:36.000Z**: I guess after Sept ISM numbers all eye are back on the FOMC meeting and interest rate. Interesting time for income investors.
- **The · 2026-09-28T05:03:27.000Z**: After Trump rejected Iran deals, oil price rebound.US Stocks rise except Meta Platforms falls. Singapore Straits Times and local banks stock increase. Hong Kong companies shares decrease except Hang Seng Index later on rebound to slight positivity.
- **LazyCat · 2026-09-28T04:51:22.000Z · 👍 2**: The Microsoft co-pilot "Super App" is not something that was not unforeseen and given enterprise requirements for security and integration of workflow, Microsoft's moat (if any) lies in their established suite of product and service to businesses which they can transform with AI.
- **Fattycat · 2026-09-28T04:47:10.000Z · 👍 3**: Gold is trading 2.06% lower today and 8.8% lower over past month. DXY up 2% over past month too.Watch out for volatility this coming Friday . Are you betting or trading against U.S. Treasury Secretary Scott Bessent wish?He once stated, "I am the house now," and , "You can bet against me 
  - **Fattycat** (2026-09-28T06:21:20.000Z): Going south now 🤔
  - **koolgal** (2026-09-29T18:54:09.000Z): Yes you are absolutely right 👍
- **Vt3 · 2026-09-28T04:43:54.000Z · 👍 2**: 📌🇺🇸👀Higher rates challenge valuations, AI demand survives; easy money fades, selective investing returns.


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