☕️ [Task Coins Giveaway] Daily Market Talk — 10-Year Yield Tops 5%, Highest Since 2007

A blowout US PMI pushed the 10-year Treasury yield through 5% to a 19-year high, lifting October hike odds to about 70% and ending the Nasdaq's record run. After the bell, Meta used Connect to push Muse onto glasses and a new pendant. Let's dig in 👇

💬 With the 10-year yield above 5%, are you trimming growth stocks or buying this dip?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Yields Break 5%

🔑 Key Event: A 58.4 flash PMI, the strongest since 2021, sent the 10-year yield to about 5.11%, its highest since July 2007; Fed Governor Barr called more hikes "likely." $NASDAQ Composite Index(.IXIC.US) -1.13%, $S&P 500(.SPX.US) -0.75%, $Dow Jones Industrial Average(.DJI.US) -0.68%.

@koolgal : When rates go up, asset prices are supposed to go down. Yet time and time again, the Fed drops a heavy rate hike on the table and Wall Street throws a party instead.

👀 Other to Watch

• $Alphabet(GOOGL.US) → -3.8% as Muse fears spread to search; Expedia (EXPE) -7.7%, Airbnb (ABNB) -7.6%.
• $Micron Tech(MU.US) → -2.2% as Shkreli turned short, while Citi lifted its target to $1,300 before Sept 30 earnings.
• $Meta Platforms(META.US) → +1.0%; at Connect it brought Muse to its smart glasses and unveiled $1,299 VR Glasses plus a Muse Charm pendant.
• $SpaceX(SPCX.US) → -4.1% on COO Shotwell's $52M share sale ahead of today's 328M-share lockup expiry.
• Bitcoin slid below $85,000 as yields spiked; $Strategy(MSTR.US) -3.1%.

🇸🇬 Singapore — STI Slips as US Yields Bite

🔑 Key Event: $FTSE Straits Times Index(STI.SG) eased -0.24% to 5,710 Wednesday and opened about -0.5% lower this morning as US yields bit; $CityDev(C09.SG) +3.7% led Wednesday.

👀 Other to Watch

• $DBS(D05.SG) -0.7%, $UOB(U11.SG) -1.0%, $OCBC Bank(O39.SG) flat this morning despite higher US yields.

@TheInvestingIguana : Everyone read the Fed hike as good news for UOB... but UOB's yield gap to my hurdle widened, it didn't narrow.

• $ST Engineering(S63.SG) → signed three multi-year Collins Aerospace component deals and a Hebei Airlines engine contract.

🇭🇰 HK/China — Beijing's AI Probe Sinks Zhipu

🔑 Key Event: $Z.AI(02513.HK) crashed -12% and $MINIMAX-W(00100.HK) -4.0% after The Information reported Beijing is probing DeepSeek and Moonshot over earlier Anthropic claims. $BABA-W(09988.HK) -4.4% and $TENCENT(00700.HK) -2.1% dragged $Hang Seng Index(00HSI.HK) -1.01% below 25,000; -0.4% more today.

@LazyCat : Zhipu may face intense scrutiny in the near term, souring sentiment towards its shares. Rivals like MiniMax, Tencent or Alibaba could cannibalise its market share if corporate users steer away from ZCode.

👀 Other to Watch

• $XIAOMI-W(01810.HK) → -3.7% Wednesday, then launched the 18 Pro from 5,999 yuan on Qualcomm's 2nm chip; +0.3% today.
• $JOYSON ELEC(00699.HK) → +5.5% this morning after Tesla audited its Ningbo plant for Optimus parts.

🌍 Other to Watch

• 🇺🇸🇨🇳 Xi Jinping began a Washington state visit; Bessent said the trade truce is extended two months to January 10. Leaders meet today.
• 🌍 Brent crude jumped +3.9% to $103.08, snapping a five-day slide, as Iran said Hormuz stays shut.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Sept 24, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏