☕️ [Task Coins Giveaway] Daily Market Talk — Chip Stocks Log Their Longest Losing Streak

Chip stocks fell for an eighth straight day, the longest run on record, and the traders shorting them are up about $32B. At home, the banks have split. Let's dig in 👇

💬 Eight days down and the Fed goes quiet this week. Are you buying this chip selloff or waiting?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Eight Days Down and Still Falling

🔑 Key Event: The Philadelphia Semiconductor Index fell an eighth straight session, its longest run on record, and chip shorts are up about $32B. Hedge funds have net sold AI stocks for five sessions.

@NewUser_hCn26 : After a seven-day pullback that flushed out leveraged positioning, semiconductor fundamentals remain backed by structural AI compute demand.

👀 Other to Watch

• $NASDAQ Composite Index(.IXIC.US) → -2.14%, $S&P 500(.SPX.US) -1.09%, $Dow Jones Industrial Average(.DJI.US) -0.34%.
• Memory → $Seagate Tech(STX.US) -7.5%, $Sandisk(SNDK.US) -6.9%, $Micron Tech(MU.US) -5.6%. Nvidia has reportedly asked all three HBM makers to use TSMC's 3nm for its next-generation base dies.
• $Coreweave(CRWV.US) → -11.9% as its 2032 bonds fell to 76 cents and its credit swaps hit a record 1,117 basis points.
• $Tesla(TSLA.US) → -2.1% after unveiling a Roadster with ten thrusters and 2028 production.

@NewUser_zS0M8w : Neocloud stocks keep falling as CoreWeave's bearish momentum spreads fear into other AI, chip and data centre names.

🇸🇬 Singapore — The Three Banks Split

🔑 Key Event: $FTSE Straits Times Index(STI.SG) is little changed near 5,421 this morning. $DBS(D05.SG) is up about +0.8% and $UOB(U11.SG) +0.3%, but $OCBC Bank(O39.SG) is off -0.4%. The three banks have stopped moving together.

@ynwa : I remain constructive on Singapore banks, but valuations are elevated and the market seems to be pricing in near-perfect execution.

👀 Other to Watch

• S-REITs → $Lion-phillip S-Reit(CLR.SG) hit another 52-week low of 0.746 this morning, a fourth new low in five sessions.

@Pingu : I saw the S-REIT price decline as an opportunity to increase my position at a lower price rather than wait.

🇭🇰 HK/China — Hong Kong Is Shut as China Beats on Growth

🔑 Key Event: China's third-quarter GDP grew 4.5%, above forecast and faster than the second quarter. Hong Kong is closed today for Chung Yeung; $Hang Seng Index(00HSI.HK) ended Friday +0.5% at 24,187.

🌍 Other to Watch

• 🇰🇷 Korea's KOSPI fell -14.5% last week, its worst since October 2008, though still up 34% this year.
• 🇮🇩 Jakarta's index closed -12% after a circuit breaker, with MSCI now consulting on reclassifying Indonesia.
• 🛢️ Iran's Revolutionary Guard said a tanker hit a mine and exploded in southern Hormuz, days after Tehran offered a plan to reopen it.

@Darkwinter : Iran saying Hormuz is shut means oil will still flow, but at a premium, so oil stays high and inflation continues.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Oct 19, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏