☕️ [Task Coins Giveaway] Daily Market Talk — Trump Rejects Iran Deal, Oil Rebounds

Wall Street closed its first up-week in three, then Trump rejected Iran's seven-day Hormuz offer over the weekend, sending Brent higher again and US futures lower into Monday. Microsoft led the week's movers. Let's dig in 👇

💬 With oil climbing again and an October hike priced in, are you buying energy or trimming growth?

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📊 Quick Recap — What Moved & Why

🇺🇸 US — Oil Snaps Back After Trump Says No

🔑 Key Event: Trump rejected Iran's offer to reopen Hormuz within seven days, though talks continue this week; Brent reversed Friday's slide and climbed through Asian trading Monday. $S&P 500(.SPX.US) +0.51%, $Dow Jones Industrial Average(.DJI.US) +0.93%, $NASDAQ Composite Index(.IXIC.US) +0.48%.

@NewUser_CkrdqW : Reports of a Trump deal with Iran to reopen the Strait of Hormuz sent the market into recovery mode... though I remain cautious as it's Friday and anything can happen over the weekend.

👀 Other to Watch

• $Microsoft(MSFT.US) → +3.7% to a 10-month high on its Copilot "super app", now priced by usage, not subscription.
• $Meta Platforms(META.US) → -3.3% as Goldman questioned AI capex returns and a jury found it misled Facebook users.
• $Costco Wholesale(COST.US) → +2.9% on a Q4 beat despite a $152M memory-inflation charge on electronics.
• $Micron Tech(MU.US) → flat ahead of its Sept 30 earnings, due about 4am Thursday SGT; $SK Hynix(SKHY.US) +2.8% as its Solidigm unit weighs a $150B IPO.
• $Apple(AAPL.US) → +1.5% despite a record $5.7B iPhone-haptics patent verdict it will appeal.

🇸🇬 Singapore — Banks Carry the STI Higher

🔑 Key Event: $FTSE Straits Times Index(STI.SG) rose +0.49% Friday to 5,711 and added about +0.4% to 5,734 this morning, with $OCBC Bank(O39.SG) +1.3% leading Friday's gainers.

@TheInvestingIguana : The STI just closed its best week in a while. Friday's rally papered over a tension that hasn't gone anywhere.

👀 Other to Watch

• $UOB(U11.SG) +1.6%, $OCBC Bank(O39.SG) +0.6% and $DBS(D05.SG) +0.5% this morning; DBS is near its 52-week high.
• MAS → another October tightening is expected after 2.2% core inflation; Nomura sees 50bp, UOB 25bp.

🇭🇰 HK/China — Banks Lift HSI as AI Models Slide

🔑 Key Event: $Hang Seng Index(00HSI.HK) fell -1.01% Friday without Stock Connect flows, then rebounded +0.6% to 24,654 this morning as mainland banks jumped. AI model stocks kept falling: $MINIMAX-W(00100.HK) -8.3%, $Z.AI(02513.HK) -4.6% on a model price war.

@Fattycat : Hang Seng Tech is following the same path as S-REITs. I think this shift began when the BOJ and Fed raised their rates; institutional funds are repositioning.

👀 Other to Watch

• $BABA-W(09988.HK) → -1.4% even as Beijing reportedly cleared it and ByteDance to buy Nvidia's RTX Pro 5500.

🌍 Global/Macro

• 🇺🇸🇨🇳 Xi and Trump closed the state visit with eight agreements, including a $30B reciprocal tariff cut and an AI dialogue from November.
• 🇺🇸 The 30-year Treasury yield closed at 5.50%, highest since 2004; October hike odds near 65%.

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🚫 No duplicates · ⏰ Deadline: Sept 28, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏