☕️ [Task Coins Giveaway] Daily Market Talk — Board Lots Shrink, SGX Slides

From today you can buy DBS, OCBC, UOB and SGX in lots of 10 instead of 100. SGX itself fell 7% on Friday with no announcement behind it. In the US, September added just 29,000 jobs, October hike odds fell to about one in five, and the Nasdaq closed at a record. Let's dig in 👇

💬 Lots of 10 start today: are you buying DBS, or catching SGX after its 7% drop?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Bad Jobs, Good Stocks

🔑 Key Event: Payrolls rose only 29,000 in September, missing every estimate, and unemployment ticked up to 4.2%. Traders read it as the Fed losing its case for an October hike: odds dropped to about 20% from roughly 70% a week ago. S&P 500 +0.7%, Nasdaq +1.2% to a record, Dow +0.5%. Nvidia hit an intraday record of $237.88 after Morgan Stanley put it back as its top chip pick with a $300 target, closing +1.3%.

@Fattycat: In today's environment, bad economic news often turns into good news for share prices.

👀 Other to Watch

• Storage → Toshiba plans to double its AI data-centre hard-drive capacity by FY2027. $Western Digital(WDC.US) -10.2%, $Seagate Tech(STX.US) -10.2%, and the selling spilled into $Sandisk(SNDK.US) -3.8% and $Micron Tech(MU.US) -2.1%.
• $Broadcom(AVGO.US) +3.3% → banks are reportedly raising $60B of chip financing to supply Anthropic and others. OpenAI was reported last week to be raising $30B at about $1.4T, pushing its IPO to 2027.

🇸🇬 Singapore — SGX Slides Into Its Own Reform Day

🔑 Key Event: SGX dropped -7.2% to S$20.99 on Friday with no company announcement, and is down about -1% more this morning, the same day its board lot cut kicks in. STI fell -0.6% to 5,634.82 on Friday and is up about +0.4% this morning. DBS is about +0.8%, OCBC +0.3%, UOB -0.7%.

@LazyCat: SGX's fall is really painful to see... There are no negative catalysts.

👀 Other to Watch

• $CityDev(C09.SG) → down over 14% last week after its three-year road map, but its Lucerne Grand launch sold 61% of 570 units at S$2,480 psf over the weekend.
• $AEM SGD(AWX.SG) → up about +2.4% this morning after Singapore's September electronics PMI hit 52.9, the highest since January 2018.
• $DFIRG USD(D01.SG) → -8.8% on Friday, giving back all of Thursday's Starbucks-plan pop.
• $Far East Orchard(O10.SG) → buying 42% more of Far East Hospitality Trust's managers for S$28.3M.

🇭🇰 HK/China — Holiday Hangover Eases

🔑 Key Event: Hang Seng fell -2.6% on Friday as it caught up with Thursday's bond rout and oil spike after the National Day break, and is roughly flat this morning. Despite the selloff, Hong Kong share sales hit a record US$47.5B in the third quarter on AI listings.

🌍 Other to Watch

• 🛢️ Oil → Brent pushed above $103 early Monday after Yemen's Houthis fired missiles and drones at Saudi Aramco sites in Riyadh and Khurais. Iran says Hormuz stays shut until seven conditions are met, while Iraq shipped 2 million barrels through the strait on its own tanker for the first time in decades.
• 🇸🇦 Saudi pricing → Aramco unexpectedly cut its November Arab Light price for Asia to a $5 discount, the widest since June 2020. OPEC+ kept November targets unchanged.
• 📉 Bonds → the 10-year is still near its highest since 2002. This week's 10- and 30-year auctions test demand.

@relf: At some point, people are going to wonder if a "risk free" 5% is good enough.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Oct 5, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏