☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Cuts Capex, Meta Raises It

Tesla and Meta reported the same night and made opposite calls on AI spending. One cut its budget, the other raised it. At home, banks are easing back after Wednesday's gains. Let's dig in 👇

💬 Tesla cut its AI budget and Meta raised it. Which one is reading the cycle right?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Two Opposite Bets on AI Spending

🔑 Key Event: $Tesla(TSLA.US) cut its full-year capital spending target to about $20 billion from over $25 billion. $Meta Platforms(META.US) raised the floor of its own to $135 billion. Their cash flows moved in opposite directions.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) → +0.69%, $S&P 500(.SPX.US) +0.58%, $NASDAQ Composite Index(.IXIC.US) +1.05%, all settled before the results landed.
• $Tesla(TSLA.US) → closed +3.41%. Profit fell about 43%, but free cash flow turned positive against forecasts of a burn.
• $Meta Platforms(META.US) → closed +0.47%. Revenue grew 26%, but a $9.89 billion legal settlement cut operating profit 37%.
• $Lam Research(LRCX.US) → closed -1.00% on record revenue, up 54%, though its outlook disappointed. $IBM(IBM.US) beat and $Texas Instruments(TXN.US) guided higher.
• $NVIDIA(NVDA.US) → closed +2.54% after unveiling its DSX POD factory design at GTC Berlin.

@Gene Munster : Elon suggests the EV winter is ending, targeting 5 million vehicles a year from 2030.

🇸🇬 Singapore — Banks Give a Little Back

🔑 Key Event: $FTSE Straits Times Index(STI.SG) closed Wednesday +0.63% at 5,437.99, led by $UOB(U11.SG) +1.40% and $OCBC Bank(O39.SG) +1.18%, with $DBS(D05.SG) also up. All three eased this morning.

👀 Other to Watch

• $Frasers Cpt Tr(J69U.SG) → FY26 net property income rose 15.7% and distributions per unit rose 8.2%.
• $Lion-phillip S-Reit(CLR.SG) → flat at 0.743, still just above its 52 week low.
• $Sea(SE.US) → fell another -3.10% to $77.94, down about 12% in two days.
• SGX listings → Singapore will publish free IPO guides and warned listed firms off illegal land burning.

@JPJP : This rate-driven correction is a chance to accumulate high yield local names.

@ももさん : Singapore industrial and business park REITs are in an extended pullback on rate uncertainty.

🇭🇰 HK/China — The Selloff Arrives From New York

🔑 Key Event: $Hang Seng Index(00HSI.HK) closed Wednesday -0.90% at 23,651.87, then extended the slide this morning. $BABA-W(09988.HK) broke below HK$100, about -5% as of mid-morning.

👀 Other to Watch

• $TENCENT(00700.HK) → down about -3% this morning, a one year low per ET Net, with Hang Seng Tech under 4,000.

@Rainwijaya : My Tencent leveraged long is down 64%, so I have stopped adding and am reassessing.

🌎 Other to Watch

• 🇺🇸 Ken Griffin → called an AI bubble almost certain, while still telling investors to hold the survivors.
• 🇺🇸 Fed → a Reuters poll puts the rate peak at 4.00-4.25%, with the next decision on 28 October.
• 🇰🇷 Korea → chip exports jumped 222.5% in October's first 20 days, per customs data.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Oct 22, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏