Tiger Weekly (Sep 28–Oct 2): Record Tech Meets 5% Yields— PCE, Payrolls & the NKE/MU Doubleheader

TigerObserver
09-28 14:09

Last Week's Recap

1.Weekly Market Digest: NASDAQ Hits Record, Yields at 20-Year Highs, Fed Hikes, Oil Eases

  • Mixed results — Borrowing costs escalated as yields reached two-decade highs. 10-year Treasury finished at 5.16% (from 5.01%), 30-year at 5.49%, 2-year at 4.85%.

  • NASDAQ's breakout week — $NASDAQ(.IXIC)$ climbed to a record high Tuesday (eclipsing early June peak), finishing +2.1% for the week. $S&P 500(.SPX)$ +1.2%, $Dow Jones(.DJI)$ +0.3%.

  • Oil prices ease — U.S. crude $WTI Crude Oil - main 2611(CLmain)$ fell to ~$92 Friday on easing Middle East tensions, down from $106 on September 15 and well below the YTD peak of $113 in early April.

  • Global yield surge — UK 10-year yields reached 5.36%, Germany 3.60%, Japan 3.07%. China's 10-year at 1.69%, down slightly and far below other major economies.

  • Growth tops value — Growth index finished +2.4% for the week while value was essentially flat, chipping away at value's YTD performance lead for a second straight week.

  • U.S. dollar strength — Dollar up 0.6% for the week and 2.3% above its September 9 low, following the first U.S. rate hike in three years.

  • Mortgage rate spike — Average 30-year fixed mortgage rate eclipsed 7.00%, reaching 7.03% Thursday (highest since January 2025) and climbing further to ~7.45% by Friday.

  • Jobs ahead — September jobs report due Friday will test whether August's 162,000 gain extended; unemployment held steady at 4.1% in August.

2.US Market – SPX gains 1.21% as semiconductor and mega-cap tech rally drives the index higher

The S&P 500 Index (SPX) gained 1.21%, as a powerful rebound in semiconductor names and mega-cap technology offset weakness in Oracle. The index extended its recovery as AI infrastructure demand and enterprise software momentum revived tech-sector sentiment.

Industry leaders: Real Estate Development (+10.03%), SpaceX Concept (+9.41%), and OLED Concept (+8.96%).

10 Popular Stocks:

  • $Intel(INTC)$ +13.26% — The chipmaker surged on restructuring progress and foundry strategy clarity, with bargain hunters stepping in at depressed valuations.

  • $Meta Platforms, Inc.(META)$ +12.9% — The social-media giant soared on AI advertising integration, Reels monetization, and resilient ad-spending growth.

  • $Advanced Micro Devices(AMD)$ +12.65% — The chip designer rallied on AI accelerator market-share optimism and data-center revenue momentum.

  • $Lam Research(LRCX)$ +9.41% — The semiconductor equipment maker advanced on AI-driven wafer fabrication demand and memory capex recovery.

  • $Applied Materials(AMAT)$ +9.09% — The chip-equipment giant tracked Lam higher on front-end semiconductor capex optimism.

  • $Micron Technology(MU)$ +6.54% — The memory-chip maker gained on HBM supply-demand tightness and AI server DRAM pricing resilience.

  • $Palantir Technologies Inc.(PLTR)$ +6.77% — The AI software platform advanced on government and enterprise contract momentum.

  • $Microsoft(MSFT)$ +4.53% — The cloud and AI giant rose on Azure growth stabilization and Copilot adoption.

  • $Oracle(ORCL)$ -7.12% — The database and cloud provider pulled back on profit-taking after recent strength and concerns over AI capex execution timelines.

Performance is subjected to market volatility

3.Hong Kong Market – HSI retreats 0.97% as tech and mining drag offset Tencent resilience

$HSI(HSI)$ : The Hang Seng Index declined 0.97% and closed at 24,510.09, as heavy selling in tech hardware, miners, and insurers offset a rare rebound in Tencent. The index struggled to hold the 24,600 level.

The $HSTECH(HSTECH)$ tumbled 2.13% and closed at 4,311.78, with EV and consumer electronics names leading the decline.

Industry leaders: Forest Products (+33.84%), Leisure Facilities (+22.22%), and Infant and Child Product (+11.92%).

10 Popular Stocks:

  • $TENCENT(00700)$ +4.2% — The internet giant bucked the tech rout, rebounding on gaming sentiment recovery and share buyback optimism.

  • $ABC(01288)$ +3.41% — The state-owned lender advanced on defensive dividend-yield positioning.

  • $HSBC HOLDINGS(00005)$ -2.48% — The banking giant pulled back on profit-taking after recent strength.

  • $ZJ INNOLIGHT(03308)$ -2.82% — The department store operator declined on China consumer-spending concerns.

  • $SPDR GOLD TRT(02840)$ -2.56% — The wind turbine maker slipped on renewable energy subsidy uncertainty.

  • $AIA(01299)$ -3.91% — The pan-Asian insurer fell on new-business-value growth concerns.

  • $MIDEA GROUP(00300)$ -3.98% — The home appliance giant declined on property-sector weakness and export demand concerns.

  • $BYD COMPANY(01211)$ -4.17% — The EV giant tumbled on EU tariff escalation fears and domestic price-war margin pressure.

  • $ZIJIN MINING(02899)$ -4.8% — The gold and copper miner tracked the yellow metal lower as safe-haven demand moderated.

  • $CATL(03750)$ -3.47% — The battery giant declined on lithium oversupply fears and EU tariff concerns.

Performance is subjected to market volatility

4.Singapore Market – STI gains 1.79% as banks and Chinese SDRs lift the index to 5,802

$Straits Times Index(STI.SI)$ surged 1.79% and closed at 5,801.96, as a broad rally across local banks, Chinese banks, and property names propelled the index above the 5,750 resistance level.

Sectors: Homebuilding (+13.33%), Technology Distributors (+12.11%), Communications Equipment (+9.09%), Gas Utilities (+8.89%), and Alternative Carriers (+6.47%).

10 Popular Stocks:

  • $Bank of CN HK SDR 1to1(HBND.SI)$ +8.84% — The Chinese state-owned bank's SDR surged on defensive dividend-yield positioning and rotation into high-dividend financials.

  • $BBCA ID SDR 1to2(IBKD.SI)$ +5.8% — The Indonesian private bank's SDR advanced on regional emerging-market inflows.

  • $OCBC Bank(O39.SI)$ +3.86% — The banking heavyweight gained on resilient regional credit demand.

  • $DBS(D05.SI)$ +3.28% — Singapore's largest bank continued its post-earnings ascent on record Q1 profit and 17.0% ROE.

  • $HSBC HK SDR 5to1(HSHD.SI)$ +3.05% — The UK banking giant's SDR tracked its Hong Kong listing higher on Asian franchise strength.

  • $UOB(U11.SI)$ +3.02% — The third-largest local bank rose on ASEAN commercial banking momentum.

  • $HongkongLand USD(H78.SI)$ +4.4% — The prime commercial property landlord advanced on Hong Kong office leasing stabilization hopes.

  • $CityDev(C09.SI)$ +3.12% — The Singapore property developer gained on residential market stability.

  • $ThaiBev(Y92.SI)$ -3.23% — The financial services arm pulled back on profit-taking after recent strength.

Performance is subjected to market volatility

5.Australian Market – XJO slips 0.76% as broad-based selling offsets Goodman resilience

The $S&P/ASX 200(XJO.AU)$ declined 0.76% to 8,665 over the week, as weakness across resources, banking, gaming, and infrastructure names dragged the index lower. Only Goodman Group offered meaningful large-cap refuge.

Industry leaders: Commercial Printing (+25.00%), Soft Drinks (+13.33%), and Education Services (+11.87%).

10 Popular Stocks:

Performance is subjected to market volatility

The Week Ahead: Sep 28th- Oct 2nd

1.Macro Events in Focus

Wednesday, Oct 1

  • August PCE Price Index — The Bureau of Economic Analysis releases the Fed's preferred inflation gauge. Markets will watch core PCE closely for any residual price pressures that could influence the Fed's near-term policy path.

  • Q2 GDP Final Estimate — The BEA publishes its third and final revision of second-quarter gross domestic product growth, offering the definitive read on U.S. economic momentum heading into Q3.

Friday, Oct 3

  • September Jobs Report — The Bureau of Labor Statistics releases the monthly nonfarm payrolls report. This will be a critical market-mover, shaping expectations for the Fed's next move as policymakers balance inflation progress against labor market cooling.

2.Earnings in Focus

Tuesday, Sep 30

Wednesday, Oct 1

Thursday, Oct 2

Markets are always moving - and sometimes, the best move is knowing what works for you.

With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.

Explore the Monthly Hot Picks in Tiger Coin Mall, now 12% OFF for a limited time.

https://laohu8.com/J/redeemGift?goodID=100561&type=delivery

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
6