☕️ [Task Coins Giveaway] Daily Market Talk — Fed Hikes 25bp Unanimously, Signals More Ahead

The Fed delivered its first rate hike in three years: 25bp to 3.75%-4.00%, unanimous 12-0, with the dot plot pointing to at least one more hike this year. Trump said rates should be at 1% or lower. Let's dig in 👇

💬 A unanimous hike, a hawkish dot plot, and a furious White House — does the Fed just risk its independence for 25bp?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Fed Hikes 25bp Unanimously, Signals More Ahead

🔑 Key Event: The Fed raised rates 25bp to 3.75%-4.00%, unanimous 12-0 — the first hike since 2023. The dot plot: 16 of 18 officials expect at least one more hike this year. Chair Warsh cited a strong economy, above-target inflation, and Middle East tension as reasons for the unanimous vote.

@koolgal : Cross-border yen borrowing, the ultimate carry-trade engine, has ballooned to $2.35 trillion... fasten our seatbelts, it's going to be a bumpy ride this week.

👀 Other to Watch

Company news

• $SK Hynix(SKHY.US) reportedly in talks to lease Intel's Ohio site for memory chips, denied same-day as unfinalized. $Intel(INTC.US) +4.03% on AI-driven CPU demand reviving its old memory ambitions; SK Hynix ended flat +0.02%.
• $Lumentum(LITE.US) +9.59% after raising long-term guidance and three banks (Deutsche Bank, Evercore, Redburn) initiating or raising price targets on AI optical demand.

Crypto

• The CLARITY Act failed again, 49-50 (short of 60) — $Circle(CRCL.US) -6.78%, $Robinhood(HOOD.US) -5.46%, $Coinbase(COIN.US) -4.42%, a second and smaller wave after Tuesday's bigger crash.

Macro

• $Dow Jones Industrial Average(.DJI.US) -1.21%, $S&P 500(.SPX.US) -0.45%, $NASDAQ Composite Index(.IXIC.US) flat at -0.01%.
• JPMorgan sees 7 hyperscalers' combined capex hitting $1.58T by 2027 (from $443B in 2025); Goldman privately urged its top clients to hedge AI exposure.

🇸🇬 Singapore — STI Holds Up as Banks Gain Post-Hike

🔑 Key Event: $FTSE Straits Times Index(STI.SG) closed Wednesday at 5,635.41, then edged up +0.47% to around 5,662 this morning.

@NewUser_CkrdqW : The STI Index continues to fall, albeit the banks leading the way today... Not too worried as the banks are somehow still up even from comparing with last month.

👀 Other to Watch

• All three local banks rose post-hike: $DBS(D05.SG) +0.33%, $OCBC Bank(O39.SG) +0.55%, $UOB(U11.SG) +1.55%.

🇭🇰 HK/China — HSI Falls, Tech Names Lead the Decline

🔑 Key Event: $Hang Seng Index(00HSI.HK) closed Wednesday at 24,713.78, then fell -1.03% to around 24,460 this morning, as HKD short-term rates rose to 4.25% in tandem with the Fed hike.

👀 Other to Watch

• Megacap tech led the decline, underperforming the index: $TENCENT(00700.HK) -1.75%, $BABA-W(09988.HK) -1.60%, $XIAOMI-W(01810.HK) -0.99%, $MEITUAN(03690.HK) -2.62%.

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Not investment advice, just market talk 🙏