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The Democratic Party's comprehensive victory in the US midterm elections triggered a wave of AI sell-offs. The semiconductor index fell 12%, marking its worst single-day performance since March 2020, while the Nasdaq 100 dropped 6.4%.

Investors now view the new Congress and key states as brakes on AI expansion. Texas's newly elected governor called for a pause on new data center construction. S&P 500 -4.36%, Nasdaq -5.52%, Dow Jones -3.44%; VIX panic index surged to 28.

US tech companies remain relatively stable, but stocks in data centers and energy-intensive AI infrastructure sectors plummeted.

Particular attention should be paid to the Wall Street sell-off triggered by the surge in the panic index.

The results of the US midterm elections saw the Democratic Party sweep Congress, securing a majority in both the Senate and the House. The outcome led to the Dow Jones Industrial Average posting its best single-day performance since midterms 44 years ago.

High electricity demand from AI data center operations directly caused a decline in some chip stocks.

Similarly, the Israel-Iran conflict triggered an oil energy crisis, exacerbating US inflation, which in turn impacted the market economy and caused stock market volatility.

The Dow's rise last night sent a clear message to the market: the impact on people's livelihoods cannot be underestimated.

DBS shares fell about 5% after earnings missed expectations at $1.25 billion SGD. The Straits Times Index dropped to around -1.1% this morning, trading near 5,210, following Tuesday's close of 5,269.29 (-0.65%), now nearly 10% off its September peak.

The three major Singapore bank stocks have been falling for nearly a month, which is truly unexpected.

If this trend continues, the Singapore stock market could collapse; shouldn't the government investment company step in?

Brent crude plummeted 7.6% to $104.77 on hopes for Iran talks, but rebounded following reports of a US strike on Qeshm Island. A return to normalcy for international crude remains distant.

International gold prices bounced back after briefly dipping below $3,900, moving inversely to crude oil for the second consecutive day as yields fell.

The US dollar weakened amid sinking exchange rates; it remains unclear if the results of the midterm elections will boost the market again.

The Straits Times Index (STI.SG) fell about -1.3% this morning to around 5,305, following Friday's close of 5,376.74 points (-0.36%). OCBC (O39.SG) saw its decline reach 3.9%, as its insurance subsidiary Great Eastern reported a 72% drop in profit.

Singapore stocks have been falling relentlessly; is there a problem with the economic outlook?

Alphabet (GOOGL.US) closed down 12.64% on revenue that missed estimates, marking its worst day since its 2004 IPO and wiping out ~$480bn in market cap. Other tech giants Amazon and Intel also saw their shares fall further after earnings reports.

Wall Street took a hit, and the Singapore stock market has been sliding recently. Is an economic slowdown really happening?

Alphabet (GOOGL.US) rose 1.34% pre-earnings but fell after-hours; despite cloud revenue doubling, free cash flow turned negative, triggering a late-session plunge of over 10%. While revenue grew, EPS and gross margin both significantly missed estimates.

I believe Alphabet's overall structure remains healthy and stable, so we can adjust our positions without panic.

Crude oil fell below $100 as Iran hinted at potentially easing restrictions on the Strait of Hormuz, alleviating inflation concerns ahead of the Fed's decision.

However, crude prices still have significant room to fall from normal levels, and the volatile situation continues to impact currencies, precious metals, and market sentiment.

International gold prices fell below $4,000 for the first time since July, while Brent crude continued to climb, with energy stocks leading the S&P 500.

The divergent trends, combined with expectations of unchanged interest rates before year-end and long-term Treasury yields hitting a 25-year high,

Is the AI bubble persisting? Or are tech stocks still on a healthy trajectory?

Local major bank stocks continue to decline; is this a fundamental signal?

All these questions remain shrouded in mystery.

The US Treasury 10-year yield fell 19.3 bps to 4.952%, marking the largest single-day drop since March 2023. Rate hike expectations have vanished.

Global gold broke below $4,050 for the first time since early August; silver dropped below $55, while Brent crude rose above $113.

All signs suggest that rate hikes by year-end are unlikely, which will also impact US stock performance.

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 Singapore's economic growth momentum remaining strong, why does the stock market keep falling?

The Singapore Straits Times Index (STI.SG) was basically flat, hovering around 5,421 points.

DBS Group Holdings (D05.SG) rose about +0.8%, UOB (U11.SG) +0.3%, but OCBC (O39.SG) fell -0.4%. These three major banks are no longer moving in tandem.

In the past, OCBC had the largest gains, while UOB's performance once plunged significantly. The divergence among bank stocks should just be temporary, right?

The US September PPI, released this week, rose 6.3% month-over-month, beating the expected 5.3%, and increased 1.3% year-over-year, surpassing the forecast of 0.5%. Citibank now anticipates a rate hike in December, while UBS forecasts a third hike in March.

Rising rate expectations may have already been priced in by the market too early.