Nvidia has now fallen for seven straight sessions to $208.48 Monday, its longest losing streak since 2022, as investors turn cautious ahead of Wednesday's earnings — a slide compounded by a memory-chip sector rout after reports Washington may let Apple source memory from Chinese suppliers. Meanwhile, Trump escalated the US-Canada trade fight further, threatening to double auto tariffs to 50% effective 2027. Let's dig in 👇

💬 Nvidia's 7-day slide meets Wednesday's earnings test: healthy caution, or the first real crack in the AI trade?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Nvidia's Losing Streak Hits Day 7 as Memory Chips Crash

🔑 Key Event: $NVIDIA(NVDA.US) fell for a 7th straight session Monday, closing -2.91% at $208.48, its longest losing streak since 2022 and down over 7% cumulatively, as investors grow cautious ahead of Wednesday's earnings and reports of steep AI-server price hikes next year. The slide was compounded by a memory-chip sector selloff — $Sandisk(SNDK.US) -9%, $Micron Tech(MU.US) and $Western Digital(WDC.US) -7%, $SK Hynix(SKHY.US) -5% — after weekend reports Washington may let Apple source memory from Chinese suppliers, reversing Commerce Secretary Lutnick's earlier opposition.

@CLuo : As an NVDA shareholder, I'm less focused on guessing the post-earnings price move and more interested in whether results can keep supporting the market's high expectations. Holding is also a decision.

👀 Other to Watch

• US indices → closed mixed Monday: $Dow Jones Industrial Average(.DJI.US) +0.26% to 53,417.16, $S&P 500(.SPX.US) -0.28% to 7,652.86, $NASDAQ Composite Index(.IXIC.US) -0.76% to 25,980.19, as chip weakness offset industrial gains.
• Canada tariffs → Trump threatened to double tariffs on Canadian autos, auto parts, and steel to 50% effective Jan 2027; Canada vowed dollar-for-dollar retaliation from Sept 8.
• $PDD(PDD.US) → Q2 EPS beat estimates, but adjusted profit fell 13% YoY; the stock swung from +3% premarket to a -1.48% close at $87.07.
• $XPeng(XPEV.US) → closed -7% on a wider-than-expected Q2 loss, even as its robotics unit raised over $900M at a $6.3B valuation.
• US-Iran → Washington unveiled fresh sanctions under "Operation Economic Outcast" targeting Iran's oil revenue; the rial hit a record low.

🇸🇬 Singapore — STI Steady as DBS Pays Out Its Capital-Return Dividend

🔑 Key Event: $FTSE Straits Times Index(STI.SG) slipped 0.15% to 5,680.46 Monday and was roughly flat, up about 0.04% near 5,683, Tuesday morning. The clearest dateable event was $DBS(D05.SG) paying out its S$0.81/share capital-return dividend today; $OCBC Bank(O39.SG) and $UOB(U11.SG) had no fresh company news this week.

@Door_Donut : Bought 600 OCBC stock at 29.6 and now it's just one week and profit of 1k. I think Singapore stock market actually has a lot of potential.

👀 Other to Watch

• Singapore's July CPI → rose 2.2% y/y (from 1.9% in June), the highest reading since Aug 2024, as core inflation firmed to 2.0%.
• STI movers → $Wilmar(F34.SG) was Monday's top gainer, up 1.35% to S$3.76; $Seatrium(S51.SG) led decliners, down 2.79% to S$2.09.

🇭🇰 HK/China — Alibaba Slides Below Placement Price as Tsai, Wu Buy In

🔑 Key Event: $BABA-W(09988.HK) closed Monday down 8.54% at HK$112.50, just below the HK$112.70 price of its record HK$80B share placement, even as Chairman Joseph Tsai and CEO Eddie Wu bought a combined HK$120M of shares to signal confidence. $Hang Seng Index(00HSI.HK) fell 1.89% to 25,517.33 Monday on the broader tech selloff, before rebounding 1.94% to 25,829.91 Tuesday, led by NIO (+15%), Alibaba (+5.5%), and Tencent (+2.5%).

👀 Other to Watch

• $Zhongji Innolight(300308.SZ) → fell over 11% Monday despite H1 net profit surging 241.7% YoY, as investors flagged weakening operating cash flow and rising receivables.
• $INGENIC(03223.HK) → debuted Tuesday at HK$99.75, down 0.3% from its HK$100 IPO price, a flat landing despite 73x retail oversubscription.
• $XIAOMI-W(01810.HK) → unveiled its new Xring O3 chip, made by TSMC on a 3nm process, for its upcoming flagship foldable phone.

🌍 Other

• 🇺🇸 The US unveiled a fresh round of sanctions on Iran under "Operation Economic Outcast," targeting its oil revenue and trading partners; Iran's rial hit a record low.
• 🌍 Gold hit a 15-week high above $4,600/oz, and the 10-year Treasury yield eased to 4.70%, as investors position for this week's Jackson Hole symposium (Thu-Sat), where Fed Chair Warsh delivers his first keynote as chair Friday.

📅 Key Events Tonight / This Week

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🚫 No duplicates · ⏰ Deadline: Aug 25, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏