☕️ [Task Coins Giveaway] Daily Market Talk — Micron's 2027 Is 75% Sold

Micron says more than 75% of its 2027 output is already committed, and memory names followed through overnight. The 10-year touched its highest since 2002 before pulling back. At home, SGX is down about 6% this morning. Let's dig in 👇

💬 Memory got its follow-through and SGX is down 6% this morning: are you buying chips or SG banks ahead of tonight's payrolls?

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📊 Quick Recap — What Moved & Why

🇺🇸 US — Memory Gets Its Follow-Through

🔑 Key Event: On the call, Micron said over 75% of 2027 output is committed, customer prepayment commitments rose to $32B, and it will return 100% of excess cash, stepping up buybacks from Dec 9. Day two delivered: $Micron Tech(MU.US) +3.0%, $SK Hynix(SKHY.US) +5.1%, $Sandisk(SNDK.US) +2.7%.

@Powerhouse: Money has been pumped into tech first for MSFT then META and likely next will be SanDisk and micron.

👀 Other to Watch

• Treasuries → the 10-year touched its highest since 2002, then fell back to 5.24% after Fed Vice Chair Jefferson said the Fed can take more time. October hike odds are now roughly one in four.
• Indices → S&P 500 +0.2%, Nasdaq +0.04%, Dow +0.04%.
• $NVIDIA(NVDA.US) → +1.1% to $230.86, riding the memory read-through.
• Anthropic → targets a mid-November IPO at a $1.8T to $2T valuation; the timeline could still shift.

🇸🇬 Singapore — SGX Drags, Banks Hold

🔑 Key Event: STI is about -0.3% this morning near 5,651. SGX is down about -6.2% and is the index's heaviest drag, with no company announcement behind the move so far. It had just signed an MOU with Vietnam's exchange to study a depositary receipt link.

@NewUser_CkrdqW : Banks are still carrying the index, could we see a $80 DBS by the end of October?

👀 Other to Watch

• $UOB(U11.SG) → Macquarie says it gains most from higher Singdollar rates, with 43% of loans in SGD, and sees 12% upside vs 5% for $DBS(D05.SG) and $OCBC Bank(O39.SG). RHB lifted its OCBC target to S$33.70.
• S-REITs → slipping again as yields stay high: $CapLand Ascendas REIT(A17U.SG) about -1.3%, $Keppel DC Reit(AJBU.SG) about -1.4%.
• $Avalon(AWX.US) → up about +1.8% after +3.8% on Thursday, as Micron's call lifts chip testers.

🇭🇰 HK/China — Holiday Catch-Up Selloff

🔑 Key Event: Hong Kong reopened after National Day and is down about -2.7%, after missing Thursday's bond rout and oil spike. Xiaomi -4.8%, Alibaba -2.3%, Tencent -2.0%, BYD -2.2%.

👀 Other to Watch

• $TENCENT(00700.HK) → reportedly leasing about 100,000 AI chips across Oracle data centres in Southeast Asia, a five-year deal worth about US$7B.

🌍 Other to Watch

• 🛢️ Brent rose more than $4 Thursday to above $102 after China held back fuel exports over Golden Week. The US is reportedly sending a third carrier to the Middle East, and Trump said Iran will "either sign a very fair deal, or they won't exist any longer".

@Darkwinter: PCE… inflation risk of the past. Oil… inflation risk of the future

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🚫 No duplicates · ⏰ Deadline: Oct 2, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏