☕️ [Task Coins Giveaway] Daily Market Talk — Apple Beats, but Memory Costs Bite

Apple beat forecasts but slid after hours as rising memory costs squeeze its margins, while chipmakers fell for a third straight day. At home, the STI is sliding again as the banks lead losses, though Grab raised its outlook. Let's dig in 👇

💬 Apple's iPhone sales beat, but memory costs bite. Buy the dip, or wait for AMD's results tonight?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Memory Costs Bite Apple

🔑 Key Event: $Apple(AAPL.US) closed -1.83% before its results, then slid after hours despite record revenue of $114.5 billion. Rising memory costs will cut its gross margin to between 45% and 46%, and services growth is slowing.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) +0.41%, $S&P 500(.SPX.US) -0.51%, $NASDAQ Composite Index(.IXIC.US) -1.07%, as AI stocks fell and oil's plunge lifted others.
• Chips → $Intel(INTC.US) -8.80%, $AMD(AMD.US) -7.52% and $Micron Tech(MU.US) -5.78% as the AI selloff hit a third day.
• Optics → $Marvell Tech(MRVL.US) -12.72% and $Lumentum(LITE.US) -18.59% after Marvell agreed to buy Lumentum in an all-stock deal.
• $Palantir Tech(PLTR.US) → -3.13% before its results, then slid after hours despite revenue jumping 96% to $2.31 billion.
• $Oracle(ORCL.US) → -8.76% after announcing a $20 billion stock and bond sale to fund its AI build-out.
• Midterms → Americans vote today, with prediction markets giving Democrats about a 66% chance of winning both chambers.

@Uncle_FaGe : The iPhone sales with the Duo was a hit, but potential refunds over the defects may offset its gains.

@dingdongbell : It's time to get past Intel, which IMO has joined Nokia in the 'has beens' category.

@Fattycat : The fund raising gives Oracle serious firepower for its cloud and AI push, with dilution of 2.5% to 3%.

🇸🇬 Singapore — Banks Drag, Grab Shines

🔑 Key Event: The $FTSE Straits Times Index(STI.SG) is down about -0.6% near 5,275 this morning after Monday's -1.36% close at 5,303.83. $Grab(GRAB.US) closed +5.54% before raising its outlook on a record 57 million users.

👀 Other to Watch

• Banks → $DBS(D05.SG), $OCBC Bank(O39.SG) and $UOB(U11.SG) fall this morning before results on 5 and 6 Nov.
• $SGX(S68.SG) → reports results on Wednesday at 5pm, opening a busy week for local heavyweights.

@NewUser_oPJWOU : SG banks fell as lower expected wealth management fees could cut profits, but I think the drop is an overreaction.

🇭🇰 HK/China — Still Defying Wall Street

🔑 Key Event: The $Hang Seng Index(00HSI.HK) is up about +0.4% near 23,480 this morning after Monday's +0.42% close at 23,393.32, even as US chips slide. $TENCENT(00700.HK) is up about 1.3%, its third straight gain.

🌎 Other to Watch

• 🛢️ Oil → Brent plunged 7.6% to $104.77 on Iran peace hopes, then rose this morning on a reported US strike on Qeshm Island.
• 🪙 Gold → bounced after briefly dipping below $3,900, moving opposite to oil for a second straight session as yields fell.

@NewUser_OLAl4 : Oil prices tumbled, offering some relief to inflation concerns, but the bigger uncertainty remains the US midterms.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Nov 3, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏