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☕️ [Task Coins Giveaway] Daily Market Talk — Micron Rebounds as Huang Dismisses Glut Fears

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Micron bounced Friday as Jensen Huang played down fears of a memory glut, with the Fed and Big Tech earnings ahead. At home, REITs held their gains. Let's dig in 👇

💬 Memory makers report this week. Is this bounce worth buying, or another chance to sell?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Memory Gets a Second Look

🔑 Key Event: $Micron Tech(MU.US) closed +2.46% Friday, clawing back part of Thursday's rout, as $NVIDIA(NVDA.US) chief Jensen Huang called a 2029 memory glut unlikely. Three memory makers report this week to test that view.

👀 Other to Watch

  • $Dow Jones Industrial Average(.DJI.US) -1.23%, $S&P 500(.SPX.US) -0.52%, $NASDAQ Composite Index(.IXIC.US) -0.21%, as surging oil broadened the selloff.
  • $SK Hynix(SKHY.US) → +4.05% after shelving its Solidigm IPO.
  • $Microsoft(MSFT.US) and $Alphabet(GOOGL.US) report hours after the Fed decides; $Amazon(AMZN.US) follows a day later.
  • $Meta Platforms(META.US) → Barron's reports a $40 billion-plus share sale within weeks, using non-voting stock to fund AI.
  • $Apple(AAPL.US) → suppliers lifted iPhone Duo orders 30% while third-party tests cracked the screen.

@Sunrise Trader : I took profits on a new Micron trade but still hold my low-cost shares from long ago.

@First Fellow : A pullback on light volume is healthy profit taking, but the chip ETF SMH is showing distribution.

@Gene Munster : A 75-person line is a win for Apple at this price, even with lines 47% shorter than 2018.

🇸🇬 Singapore — A Regulator Moves a Stock

🔑 Key Event: $FTSE Straits Times Index(STI.SG) closed Friday +0.13% at 5,422.16 and edges lower this morning, with $DBS(D05.SG), $OCBC Bank(O39.SG) and $UOB(U11.SG) little changed. $Lion-phillip S-Reit(CLR.SG) outran the banks as US yields eased.

👀 Other to Watch

  • $Tuas Ltd.(TUA.AU) → plunged -40% in Sydney after IMDA alleged its Simba unit used unlicensed spectrum at 92 sites.
  • $Sea(SE.US) → -1.40% Friday for a fourth straight loss, though the declines are narrowing.

🇭🇰 HK/China — Back Above 23,000

🔑 Key Event: $Hang Seng Index(00HSI.HK) closed Friday +0.69% at 23,093.37, back above 23,000 after last week's Black Thursday, and is flat this morning. Megacaps are mixed, with $BABA-W(09988.HK) the weakest.

🌎 Other to Watch

  • 🇺🇸 Fed → markets price a 90% chance of a hold after Warsh declined to signal a path; core PCE comes a day later.
  • 🪙 Gold → slipped below $4,000 for the first time since July, while Brent kept climbing and energy led the S&P 500.

@Fattycat : Gold is testing $4,000 with selling picking up before the Fed, though the 4-hour RSI looks deeply oversold.

📅 Upcoming Key Events

When (SGT)What
Mon 26 Oct🇺🇸 Oracle AI World opens
Tue 27 Oct🇺🇸 Visa and Boeing results
Wed 28 Oct🇰🇷 SK Hynix results, 8am
🇺🇸 Seagate results
Thu 29 Oct🇺🇸 Apple's Pro and tell launch, 1am
🇺🇸 Fed decision, 2am
🇺🇸 Microsoft and Alphabet results
🇺🇸 Core PCE and Q3 GDP, 8:30pm
Fri 30 Oct🇺🇸 Amazon, Intel, SanDisk, Coinbase and Strategy results

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🚫 No duplicates · ⏰ Deadline: Oct 26, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

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