--- title: "β˜•οΈ [Task Coins Giveaway] Daily Market Talk β€” Chips Snap Their Streak, Asia Doesn't Follow" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000945660.md" description: "The chip rout that defined last week ended on Monday, and Asia is not buying it. At home, the STI is slipping. Let's dig in πŸ‘‡πŸ’¬ Wall Street says the selloff is over, Asia says it isn't. Which side are ..." datetime: "2026-10-20T02:59:48.000Z" locales: - [en](https://longbridge.com/en/topics/100000000945660.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000945660.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000945660.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # β˜•οΈ [Task Coins Giveaway] Daily Market Talk β€” Chips Snap Their Streak, Asia Doesn't Follow The chip rout that defined last week ended on Monday, and Asia is not buying it. At home, the STI is slipping. Let's dig in πŸ‘‡ **πŸ’¬ Wall Street says the selloff is over, Asia says it isn't. Which side are you on?** ## πŸ“Š Quick Recap β€” What Moved & Why ### πŸ‡ΊπŸ‡Έ US β€” The Eight-Day Chip Rout Ends **πŸ”‘ Key Event:** The Philadelphia Semiconductor Index rose **+1.6%** to snap an eight-session streak that had cost it **15.7%**. Memory led the bounce, with $Sandisk(SNDK.US) **+5.5%** and $Western Digital(WDC.US) **+6.1%**. **BofA called memory valuations a cycle bottom.** > @gedebe : Is there light in the tunnel? Yes, if you believe Jensen Huang, who brushed the correction aside and asked people to concentrate on fundamentals. **πŸ‘€ Other to Watch** - $NASDAQ Composite Index(.IXIC.US) β†’ **+1.11%**, $S&P 500(.SPX.US) **+0.41%**, $Dow Jones Industrial Average(.DJI.US) **-0.07%**. - $Coreweave(CRWV.US) β†’ Goldman upgraded it to buy and cut its target from $139 to **$106** in the same note, and it still closed **-0.4%**. - $Intel(INTC.US) β†’ **+2.4%** after JPMorgan ended a four-year underweight call. - $NVIDIA(NVDA.US) β†’ has reportedly asked Samsung, SK Hynix and Micron to use TSMC's 3nm for next-generation HBM base dies. GTC Berlin opens today, keynote tomorrow. - $SpaceX(SPCX.US) β†’ reports after tonight's US close, days after Musk pledged a share of his own stock to every American child. > @Equity research : AI financing has been most expensive for data centres and neoclouds, nearing an 8% weighted average yield, with semis and hardware lowest at 5.8%. ### πŸ‡ΈπŸ‡¬ Singapore β€” The Rebound Stops at the Water **πŸ”‘ Key Event:** $FTSE Straits Times Index(STI.SG) is down about **-0.5%** near 5,385 this morning, with all three banks lower: $OCBC Bank(O39.SG) **-0.7%**, $UOB(U11.SG) **-0.7%** and $DBS(D05.SG) **-0.1%**. **Wall Street's bounce did not travel.** > @η¨³θ΅šε€§ι’± : Singapore bank shares have been under pressure, but I still believe fundamentally strong banks like OCBC can recover over time. **πŸ‘€ Other to Watch** - **S-REITs** β†’ $Lion-phillip S-Reit(CLR.SG) hit another 52-week low of 0.739, a sixth in seven sessions. ### πŸ‡­πŸ‡° HK/China β€” A Rough Return From the Holiday **πŸ”‘ Key Event:** $Hang Seng Index(00HSI.HK) is down about **-1.0%** near 23,952 in its first session back, with the tech index **-0.9%**. $LENOVO GROUP(00992.HK) is off **-5.6%**, $BABA-W(09988.HK) **-3.3%** and $HSBC HOLDINGS(00005.HK) **-2.7%**. ### 🌍 Other to Watch - πŸ‡°πŸ‡· Korea's KOSPI is down about **-3%** and Japan's Nikkei **-0.9%**, neither following Wall Street. - 🏦 The Fed goes silent before the Oct 27-28 meeting, with futures putting an October hike below 20%. - 🏠 The NAHB housing index fell to 29, its weakest since 2012. > @PinkySheepy : Warsh's dovish comments cut the odds of an October hike, and falling Treasury yields sparked a rotation into small caps. ## πŸ“… Upcoming Key Events | **When (SGT)** | **What** | | -------------- | ----------------------------------------------------------------------------------------------------------------------------------------- | | **Tue 20 Oct** | **πŸ‡©πŸ‡ͺ Nvidia's GTC Berlin opens, through Thursday** πŸ‡­πŸ‡° APEC finance ministers meet in Hong Kong πŸ‡¨πŸ‡³ China one-year loan prime rate, 9am | | **Wed 21 Oct** | **πŸ‡ΊπŸ‡Έ SpaceX and Netflix results** **πŸ‡©πŸ‡ͺ Huang's GTC keynote** | | **Thu 22 Oct** | **πŸ‡ΊπŸ‡Έ Tesla, Meta, IBM and Lam Research results** | | **Fri 23 Oct** | πŸ‡ΊπŸ‡Έ Western Digital results πŸ‡―πŸ‡΅ Japan core CPI, 7:30am | πŸ‘‡ Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates Β· ⏰ Deadline: Oct 20, 2026, 11:59 PM SGT Not investment advice, just market talk πŸ™ ### Related Stocks - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) ## Comments (51) - **samso0 Β· 2026-10-21T01:21:47.000Z**: Up up up - **NewUser_oPJWOU Β· 2026-10-20T15:47:22.000Z**: SG Reits are dropping even further today as CLR, SRT all hit fresh 52 weeks low. Really tempted to grab some more, but holding out as I foresee even more dips coming. Besides, ex dates have passed and dividends have been paid out for the year so realistically aiming for a lower capital cost before a - **NewUser_zS0M8w Β· 2026-10-20T15:44:08.000Z**: Many were predicting Black Monday yesterday which ultimately did not occur. This proved that while statistics could be used to gauge and predict the future, it is never accurate. Times are changing and the stock market is increasingly unpredictable with shorter but steeper bursts and dips. - **AaAv Β· 2026-10-20T14:57:58.000Z**: thanks for info - **swq-HengOngHuat Β· 2026-10-20T14:11:28.000Z**: US bounce led by $NASDAQ Composite Index(.IXIC.US)$S&P 500(.SPX.US) but Asia not following, $FTSE Straits Times Index(STI.SG) $Hang Seng Index(00HSI.HK) both red shows caution. Fed hike odds <20% helps small caps near term. Focus this week on $NVIDIA(NVDA.US) GTC Berlin + Jensen keynote Wed, - **Captain Leo** (2026-10-21T11:18:34.000Z): The way you laid out the week by date, GTC Berlin, China LPR, then Tesla, Netflix and WDC, is what makes a watchlist checkable. Most people post the view and skip the calendarπŸ‘ - **ah_head Β· 2026-10-20T13:35:41.000Z**: Nice - **NewUser_hCn26 Β· 2026-10-20T11:51:21.000Z**: Wall Street's bounce reflects technical relief after an oversold chip wash, but Asia’s skepticism is justified given ongoing yield friction and macro uncertainty. Rebuilding high-conviction exposure in core hardware remains favored, yet tactical patience is required until broader regional liquidity - **win win Β· 2026-10-20T11:02:59.000Z**: last night, 19/10/2026. Many experienced investors were worried that black Monday will happen, lucky this year escaped from what happened 19/10/1987 Monday. Let's see Tuesday's performance - **KellyWML Β· 2026-10-20T10:45:59.000Z**: The fear of AI slowing monetary realisation is contagious and spreading rapidly throughout the global markets. The tech sell-off that we had experienced last week was just an early indication we should take note of. At this junction, the ongoing wars, high inflationary pressure, elevated oil price - **Jake_L_Kelly Β· 2026-10-20T09:57:41.000Z**: The ratio for AI CAPEX to Monetary Return is approximately 16 : 1 . So the chip rout that we had experienced last week is just an early sign. The following week earnings release must be in really good number in order to convince and calm down the market’s sentiments. - **CBun Β· 2026-10-20T09:52:57.000Z**: Markets did not have a full green pump to maximum as after the pump there was a slow drop to closing hours. So I will remain bearish for now. If you like the fundamentals of the stocks or the sectors (etf) then slowly DCA to have a good sleep at night while remaining invested in the growth of the in - **Tiffany lover Β· 2026-10-20T08:59:37.000Z**: The Singapore Straits Times Index (STI.SG) fell approximately 0.5% in early trading today, hovering around 5,385 points.All three major banks declined: OCBC (O39.SG) -0.7%, UOB (U11.SG) -0.7%, and DBS Group Holdings (D05.SG) -0.1%.The rally on Wall Street hasn't spilled over here. With economic grow - **Valenxis Β· 2026-10-20T08:42:28.000Z**: the so called black monday didnt really happen. US market rebounded after last friday sell off. so it is temporary excuse for people to offload. however last night action was kinda open high close low, thus market is very shaky or maybe cautious in other words. - **koolgal Β· 2026-10-20T07:15:59.000Z Β· πŸ‘ 1**: Buckle Up: Elon Musk's Tesla Faces an Earnings Reality Check This Week🌟🌟🌟Hold onto your steering wheels, because $Tesla(TSLA.US)is reporting its Q3 26 earnings after the bell this week.The Forecast:Wall Street consensus is braced for a slightly down quarter. Analysts expect EPS of USD 0.44 to USD 0 - **dingdongbell Β· 2026-10-20T06:09:12.000Z Β· πŸ‘ 1**: The US markets rebounded last night but it needs to hold the lows and follow up for this to be a sustainable rally or even a bottom before new highs. - **Heroic Lifesaver Β· 2026-10-20T06:06:47.000Z Β· πŸ‘ 1**: The rebound came in the US markets but it was predominantly in Tech and on narrow breadth overall. Looks like capital rotating again on a smaller level and market still undecided which way to go. - **Kayleen Β· 2026-10-20T05:31:54.000Z**: Yes - **TheRaccoonAnalysis Β· 2026-10-20T05:28:41.000Z Β· πŸ‘ 1**: Meanwhile, the Philadelphia Semiconductor Index’s 1.6% rebound ends an eight-session losing streak that erased 15.7%, with Sandisk and Western Digital leading gains. The memory-led recovery may reflect bargain hunting and renewed interest in AI-related storage demand, but one session does not establ - **TheRaccoonAnalysis Β· 2026-10-20T05:28:37.000Z Β· πŸ‘ 1**: Asian markets are diverging from Wall Street, with South Korea’s KOSPI falling about 3% and Japan’s Nikkei declining 0.9%, suggesting regional caution despite recent US market movements. The Fed’s pre-meeting blackout limits fresh policy signals, while futures pricing a sub-20% probability of an Oct - **Fattycat Β· 2026-10-20T05:27:47.000Z Β· πŸ‘ 1**: Anyone one applying for the new IPO? Close on 26 Oct noon, $1.80 per share. Let’s discuss πŸ˜† --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**