--- title: "β˜•οΈ [Task Coins Giveaway] Daily Market Talk" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000649554.md" description: "πŸ‡ΊπŸ‡ΈπŸ‡­πŸ‡°πŸ‡ΈπŸ‡¬ Big moves across US, HK, SG markets. Join the chat & earn Task Coins!" datetime: "2026-05-12T02:54:03.000Z" locales: - [en](https://longbridge.com/en/topics/100000000649554.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000649554.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000649554.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # β˜•οΈ [Task Coins Giveaway] Daily Market Talk **Midday update:** Tech ripped overnight β€” **S&P 500 and Nasdaq 100 both at fresh closing ATH**, SOX **+2.6%**, with **Lumentum +16% and Rocket Lab +11%** as optical and space led. **Circle +16%** on stablecoin use cases; **Micron near US$900B**; **Tesla +4% as Musk joins Trump's Beijing delegation** (May 13–15). Silver **+7%**, LME copper **fresh ATH**. Trump called the Iran ceasefire "**in jeopardy**" and the **US SPR release hit a record**. **US April CPI lands at 20:30 SGT** with Morgan Stanley warning of an "explosive" print. Locally, **MAS expanded the EQDP to S$6.5B**. ## πŸ’¬ **Today's 3 Big Questions** 1. **S&P 500 + Nasdaq 100 at fresh ATH, SOX +2.6%, Lumentum +16%, Micron near $900B**. Tech is parabolic β€” with Trump-Beijing tomorrow and CPI tonight, do you ADD on momentum (AI capex demand visibility now contracted) or TRIM into the highs (hot CPI could compress multiples instantly)? Make the call. 2. **Musk joining Trump's China delegation** is the most interesting signal of the week β€” Tesla +4% on it. Combined with the Apple-Intel-Samsung chip diversification rumor, are we seeing a fundamental US-China tech-cooperation reset (bullish for Tesla, NVDA, BABA, Tencent), or political theater that gets reversed in 30 days? Pick a position. 3. **CPI tonight + Iran ceasefire "in jeopardy" + Silver +7% + Copper ATH + record SPR draw**. Commodity inflation is reasserting just as Warsh's confirmation looms. If CPI prints hot, does the Fed shift hawkish into the Warsh handoff (rotate to SG banks), or does Trump pressure force a dovish reset (stay long tech)? Tell us your line in the sand. πŸ‘‡ Like, drop your take (20+ words), click "Repost" & earn **288 Task Coins** ✨ 🚫 NO duplicates or similar content ⏰ Deadline: **May 12, 2026, 11:59 PM (SGT)** ## πŸ“Š **Quick Market Recap** ### 🌍 **Global Macro & Markets** - **April US CPI tonight at 20:30 SGT**; Morgan Stanley flags "explosive" risk; consensus around 3.1% headline / 3.0% core. - **Silver +7%**, **LME copper at fresh ATH** β€” commodities pricing fresh inflation impulse. - Trump called the **Iran ceasefire "in jeopardy"**; **US SPR crude release hit a record high** β€” buffering oil but signalling concern. - **Trump-China summit begins tomorrow (May 13–15)**; **Musk joins the delegation**. ### πŸ‡ΊπŸ‡Έ **US Markets: ATH on Optical + Memory + Stablecoin Momentum** - πŸ“ˆ **S&P 500 and Nasdaq 100 at fresh closing ATH**; **SOX +2.6%**; bank index **βˆ’1.1%**. - **Lumentum +16%** β€” AI optical interconnect demand continues to compound; the AI infrastructure leg of the cycle is in execution phase. - **Rocket Lab +11%** β€” post-earnings rally extends; Neutron rocket commercial milestones in focus. - **Circle +16%** β€” stablecoin use cases expanding (merchant settlement, B2B cross-border); MAS's tighter stablecoin rules adds regulatory clarity. - **Microvast** β€” Q1 disappointment crushed shares; EV battery cyclicality reminder. - **Micron +6%** β€” market cap nearing **US$900 billion**; AI memory cycle thesis fully validated. - **Tesla +4%** β€” Musk joining Trump's Beijing delegation; potential China commercial / regulatory wins on the agenda. ### πŸ‡ΈπŸ‡¬ **Singapore Markets** - πŸ“ˆ STI hovering near **5,000**; OCBC Research base-case target **5,250**. - **MAS Equity Market Development Programme (EQDP) expanded from S$5bn to S$6.5bn** β€” direct tailwind for SGX listings pipeline; SGX as cleanest beneficiary. - **Singapore palm-oil stocks bid on Iran-war commodity premium** β€” fossil-fuel disruption lifting CPO benchmarks; sustainability-credentialing window opens before EU Deforestation rules tighten. - **SG entry-level ICT job postings βˆ’38% (2022–2025)** β€” Accenture data shows steepest drop of any occupation group since post-Covid peak; automation displacing routine roles, junior positions "structurally upgrading." - **ISCA launches Strengthening Financial Reporting Taskforce with SGX** β€” fresh governance-stack layer alongside Companies Act 2026 Phase 1. - **OCBC (O39.SG)** priced **€500m (~S$746.9m) 2.989% covered bonds due 2029** under its US$10bn global programme; shares **+2.7% to S$22.50**. - **OUE (LJ3.SG)** β€” Treasury subsidiary proposed **S$150m 3.25% green notes due 2033** to finance eligible green projects; shares flat at **S$1.10** pre-announcement. - **SIA Engineering (S59.SG)** β€” H2 net profit **+20.9% YoY to S$85.6m** on revenue +3.7% to S$693.9m; final dividend **lifted to S$0.085** (from S$0.07); shares βˆ’2.5% at **S$3.18** before the print. - **OUE REIT (TS0U.SG)** β€” litigation against independent director Tan Huay Lim **discontinued (May 7)**; units **+1.4% to S$0.365**. - **DBS dividend payment** (66c interim + 15c capital return) β€” **\~May 20**. ### πŸ‡­πŸ‡° **Hong Kong & China Markets** - **Kuaishou (1024.HK)** β€” reportedly preparing a **spinoff of Kling**, its AI video generation product, for IPO. Direct read-across to BABA/Tencent's AI productisation race. - HK IPO greys this week: **Metis Techbio** and **Impact Therap** trade in grey market ahead of formal listings. - Beijing watching for Trump-Musk delegation signals on tariffs, chips, EV. ## πŸ“… **Key Events Tonight / This Week** - πŸ‡ΊπŸ‡Έ April US CPI β€” Tonight 20:30 SGT - πŸ‡ΊπŸ‡Έ JD.com / Oklo earnings β€” Tonight - πŸ‡¨πŸ‡³ Trump-China summit β€” May 13–15 - πŸ‡­πŸ‡° Tencent / Alibaba / SMIC earnings β€” This week - πŸ‡­πŸ‡° Metis Techbio / Impact Therap listings β€” This week - πŸ‡ΈπŸ‡¬ HDB BTO HFE deadline β€” May 15 - πŸ‡ΊπŸ‡Έ Warsh Fed Chair final Senate vote β€” This week - πŸ‡ΈπŸ‡¬ DBS dividend payment β€” ~May 20 *Disclaimer: For reference only, not investment advice.* ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [603020.CN](https://longbridge.com/en/quote/603020.CN.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) ## Comments (13) - **dingdongbell Β· 2026-05-12T08:03:04.000Z**: The market has moved up so much and so fast. I think there is too much FOMO and not much value left in the market. Maybe it’s wiser to step aside and stay defensive. - **Fair_Lemon5303 Β· 2026-05-12T06:44:10.000Z**: Micron near USD900 BILLION market cap. Tesla up 4% on Musk joining Trump's Beijing delegation. Two HUGE signals. My bet: Tesla pops another 6-8% if any Beijing tech-cooperation language softens. Micron stays bid on AI memory pricing tightness β€” it's just price-discovery toward USD1 trillion. Bottom - **TheRaccoonAnalysis Β· 2026-05-12T05:22:10.000Z**: Markets appear priced for near-perfect execution: AI demand visibility and policy optimism are supporting momentum, but valuations leave little room for macro disappointment. A balanced stance may favor selective trimming into strength rather than aggressively adding ahead of CPI and Trump-Beijing h - **NewUser_CkrdqW Β· 2026-05-12T05:12:09.000Z Β· πŸ‘ 1**: Silver was ripping yesterday amidst fresh inflation concerns while memory stocks continue soaring higher. With Trump visiting China and rumours of China investing into facilities in US, will this lead to more optimisim and new ATHs or that just being another fake partnership? Regardless, CPI data wi - **LazyCat Β· 2026-05-12T04:58:57.000Z Β· πŸ‘ 1**: Another CPI to print and yet another time to tickle the itchy fingers and lead time to the buy-sell button. Staying long in the game means we ignore noises and concentrate on the end result and ignore short term noises. For the coming China trip, I'm sure Musk will be thrilled to see the street and - **Fattycat Β· 2026-05-12T04:49:09.000Z Β· πŸ‘ 1**: With Trump at Beijing tomorrow and CPI tonight, I prefer to stay sideline for better clarity. Trump single visit is not likely to solve the underlying long term outstanding issues between US and China. Major breakthrough for business deals are high unlikely. Let’s see if I am correct 🀭. - **Jeanine Β· 2026-05-12T04:30:56.000Z Β· πŸ‘ 1**: I lean more tactical reset than full fundamental reset. Musk joining Trump’s China delegation is definitely a bullish sentiment signal for Tesla, especially if investors start pricing in smoother China access or future policy support.But I wouldn’t call it a true US-China tech cooperation reset yet. - **Fattycat** (2026-05-12T04:50:20.000Z): I like the picture πŸ˜†. Nice oneπŸ‘ - **Heroic Lifesaver Β· 2026-05-12T04:26:47.000Z**: Wow the market is really euphoric into this blowoff. Coupled with concentrated leadership and divergences across multiple sectors as well as ending fifth waves in almost all stocks especially tech, I believe this is not the time to be a hero. Stay safe! - **win win Β· 2026-05-12T03:43:04.000Z**: today 3 local bank drop but not significant. OCBC is biggest drop. - **TC89 Β· 2026-05-12T03:12:53.000Z**: Trim tech into ATH before CPI. Musk-China trip is bullish for Tesla. Hot CPI favors SG banks over tech under Warsh. - **Tiffany lover Β· 2026-05-12T03:07:01.000Z Β· πŸ‘ 1**: Musk joining Trump's China delegation is the most interesting signal of the week β€” Tesla +4% on it. Combined with the Apple-Intel-Samsung chip diversification rumor, are we seeing a fundamental US-China tech-cooperation reset (bullish for Tesla, NVDA, BABA, Tencent), or political theater that gets r - **NewUser_gsGAfq Β· 2026-05-12T03:03:45.000Z**: Still waiting for the MAS Equity Market Development Programme to show its fruits of labour. The SG stock market don’t seem to be benefitting that clearly yet. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**