🚨 Wall Street Whirlwind: AI Booms, Tariff Threats, and Earnings Surprises Shake Markets 🚨

US:SNAP:Snap Inc.
Snap Shares Plunge on Q2 Miss
Snap dropped 14% after reporting Q2 revenue of $1.34 billion, missing analysts’ estimate of $1.35 billion.

US:RIVN:Rivian Automotive
Rivian Slips on Wider Loss Than Expected
Shares fell over 3% as the EV maker reported an adjusted Q2 loss of $0.80 per share, deeper than the expected $0.65 loss. Revenue of $1.30 billion narrowly beat forecasts.

US:SWKS:Skyworks Solutions
Skyworks Soars on Strong Earnings and Guidance
The stock jumped 9% after posting $1.33 EPS on $965 million in revenue, both beating expectations.

US:HINGE:Hinge Health
Hinge Health Pops on First Public Report
Shares surged 7.8% after Q2 revenue came in at $139 million, above the $125 million consensus.

SGX:S27.SI:S&P 500
Broad Market Drops on Weak Data, Tariff Concerns
The S&P 500 slid 0.49% to 6,299.19. Economic worries and Trump’s tariff talk pushed the index lower.

US:QQQ:Nasdaq Composite
Techs Tumble; Nasdaq Falls 0.65%
Tech-heavy Nasdaq Composite ended at 20,916.55, dragged by economic and policy uncertainty.

US:DGT:Dow Jones Industrial Average
Dow Slightly Down After Volatile Sessions
The Dow dipped 0.14% (61.90 points) to 44,111.74 after sharp swings in the previous two sessions.

US:PLTR:Palantir
Palantir Jumps After Crossing $1B in Revenue
Shares rose 7.9% as the firm exceeded the $1 billion mark in quarterly revenue for the first time.

US:CAT:Caterpillar
Caterpillar Flat Despite Earnings Miss
The industrial giant ended the day nearly unchanged after missing on earnings.

US:ETN:Eaton
Eaton Sinks on Weak Outlook
Eaton shares dropped 7% due to disappointing forward guidance.

US:LCID:Lucid Group
Lucid Shares Slide on Cut Production Forecast
Shares fell 7% after the EV company trimmed production outlook to 18,000–20,000 units and missed Q2 expectations.

US:BBIO:BridgeBio Pharma
BridgeBio Tumbles on Bigger-Than-Expected Loss
Shares dropped 12% after reporting a $0.95 per-share Q2 loss versus $0.79 expected.

US:ANET:Arista Networks
Arista Jumps 13% on Beat Across the Board
Shares surged after Arista beat both EPS and revenue forecasts with $0.73 EPS and $2.20 billion in revenue.

US:SMCI:Super Micro Computer
Super Micro Plummets on Earnings Miss
The stock fell over 13% after Q4 EPS of $0.41 and $5.76B revenue missed estimates.

US:KVYO:Klaviyo
Klaviyo Surges on Strong Earnings & Outlook
Shares rallied nearly 11% after beating estimates with $0.16 EPS on $293M revenue.

US:UPST:Upstart Holdings
Upstart Falls Despite Beat
Shares dropped 9% despite posting $0.36 EPS (vs. $0.26 expected) and $257M revenue, beating $225M forecast.

US:AMD:Advanced Micro Devices
AMD Slips on Slight EPS Miss
Shares fell 4% as Q2 EPS came in at $0.48 vs. $0.49 expected. Revenue of $7.69B beat $7.42B estimate.

US:MTCH:Match Group
Match Group Rises on Strong Revenue and Outlook
Shares jumped 9% after $864M in revenue beat the $854M forecast and guidance impressed.

US:AAPL:Apple, US:NVDA:Nvidia, US:QCOM:Qualcomm, US:AMD:Advanced Micro Devices, US:TSM:Taiwan Semiconductor Manufacturing Company
Trump to Announce Semiconductor Tariffs
Trump said tariffs are coming on chips and pharmaceuticals, targeting reliance on Taiwan-based TSMC, supplier to Apple, Nvidia, Qualcomm, and AMD.

Oil:US:UCO
Trump Eyes Oil Price Pressure to Hit Russia
Trump criticized Russia’s oil-funded war and threatened India with steep tariffs over its Russian crude purchases.

Bitcoin:US:BTC:Bitcoin
No direct news mentioned on Bitcoin in this update.

Market Outlook
UBS sees further gains in the next year despite near-term volatility. Wolfe Research and Truist Wealth expect choppy trading ahead as rate uncertainty and economic signals drive sentiment.

Upcoming Earnings to Watch
Disney, Uber, and McDonald’s report pre-market; Airbnb, DoorDash, and Lyft follow after the bell.

Fed Watch
Speeches from Boston Fed’s Susan Collins and SF Fed’s Mary Daly could provide rate clues Wednesday.

🔥 Tariffs, Tech & Takeovers: Trump’s Trade Threats and Singapore Market Movers Stir Headlines

US:MSFT:Microsoft, US:META:Meta Platforms, US:AMZN:Amazon, US:GOOGL:Alphabet, US:OPENAI:OpenAI

Trump’s Tariff Wave Set to Hit Big Tech’s AI Boom

President Donald Trump announced tariffs on semiconductors and pharmaceuticals will be unveiled “within the next week,” potentially impacting U.S. data center operators like Microsoft, Meta, Amazon, OpenAI, and Alphabet. The move follows investigations into the $700B global chip industry and aims to push manufacturing back to the U.S.

US:MRK:Merck, US:LLY:Eli Lilly

Pharma Giants Targeted in Trump’s Tariff Assault

Merck and Eli Lilly could face pharmaceutical tariffs rising up to 250% over 1.5 years. Trump aims to force domestic manufacturing by penalizing reliance on foreign drug components, which 90% of U.S. biotech firms currently use.

SGX:8AZ.SI:Aztech Global

Aztech Global Sells China Property, Nets RMB21.8M

Aztech’s subsidiary is selling factory buildings in China for RM41M, with a 10-year leaseback agreement worth RMB20M. The move streamlines operations and boosts capital efficiency.

SGX:544.SI:CSE Global

CSE Global Secures US$46M Data Centre Contract Extension

CSE Global landed a US$46M variation order in the U.S. for designing and integrating power management systems for a hyperscaler client. The deal supports FY2025–2026 financials.

SGX:D8DU.SI:FSL Trust

FSL Trust 1HFY2025 Net Profit Rises 26.9%

First Ship Lease Trust posted a US$1.7M net profit, buoyed by US$0.7M gain on vessel disposal. Revenue dropped 26.8% y-o-y to US$3M.

SGX:S58.SI:SATS

SATS Unveils BUP Handling Centre to Boost Cargo Efficiency

SATS launched a new 3,000 sqm BUP cargo facility at Changi Airport, aimed at reducing air cargo processing time and future-proofing for Terminal 5.

SGX:5WH.SI:Rex International Holdings

Rex-Linked Lime Petroleum Spuds Bestla Field Wells

Lime Petroleum, 17% owned by Rex, began drilling in Norway’s Bestla Field, with first oil expected in 2027. The field holds an estimated 24M barrels of recoverable oil.

SGX:VINN.SI:Vin’s Holdings

Vin’s Holdings Forecasts 1HFY2025 Loss

Newly listed Vin’s Holdings expects a net loss due to weaker sales and listing-related costs. Raised $6M in IPO proceeds for showroom and IT upgrades.

SGX:S63.SI:ST Engineering

ST Engineering Wins Contracts for Changi’s TELe Rail Projects

ST Engineering’s Urban Solutions unit won contracts to provide communications and access systems for the Thomson-East Coast Line Extension, linking Changi Airport to the city.

SGX:N2IU.SI:Mapletree Pan Asia Commercial Trust (MPACT)

JP Morgan Upgrades MPACT Despite Weak Quarter

JP Morgan upgraded MPACT to “overweight” on DPU growth potential despite weaker 1QFY2026 earnings and divestment losses from Japan properties.

SGX:CJLU.SI:NetLink NBN Trust

NetLink Reports Mixed 1QFY2026 But 6% Yield Remains Attractive

NetLink’s 1QFY2026 revenue and profit slightly missed forecasts, but DBS and CGS International cite strong yield, resilient business model, and steady regulatory returns.

SGX:BN4.SI:Keppel Corporation

Keppel Earnings Up 24.2%; Targets $14.4B Divestment by 2030

Keppel posted $378M net profit in 1HFY2025. Share buyback, asset sales, and infrastructure growth strategies drive valuation upgrades from analysts.

SGX:Z74.SI:Singtel

Singtel Deploys AI-Powered Field Platform via Airtel’s Xtelify

Singtel signed a multi-year deal with Bharti Airtel’s Xtelify to use AI-enabled workforce platform, boosting operational efficiency and sustainability.

SGX:O39.SI:OCBC, SGX:U11.SI:UOB, SGX:D05.SI:DBS Group

Banks Brace for NIM Compression Post-OCBC Results

Following OCBC’s 6% drop in net profit, analysts eye UOB and DBS for credit risks and NIM pressures, especially from Hong Kong’s real estate sector.

SGX:C38U.SI:CapitaLand Integrated Commercial Trust (CICT)

CICT 1HFY2025 DPU Up 3.5%; Buys Remaining CapitaSpring Stake

CICT reported a 3.5% y-o-y rise in DPU and plans to acquire the remaining 55% stake in CapitaSpring. The $482.3M deal is expected to be DPU-accretive.

SGX:5KI.SI:Soup Holdings

Soup Holdings Net Profit Rises 34.1% Despite Revenue Dip

Soup Holdings earned $224,000 for 1HFY2025, up 34.1% y-o-y, driven by outlet optimisation strategy despite 6.3% decline in revenue.

SGX:JYEU.SI:Lendlease Global Commercial REIT (LREIT)

LREIT DPU Drops 6.9% for FY2025; Divests Jem Office for $462M

LREIT posted a full-year DPU of 3.60 cents, down 6.9% y-o-y. Jem office divestment to Keppel’s SUR strategy expected to lower leverage and refocus REIT on retail assets.

🛢️ Oil Slumps to 5-Week Low Amid OPEC+ Boost, Trump Tariff Threats & Demand Worries

oil:US:UCO

Oil Prices Slide as OPEC+ Ramps Output, Demand Worries Mount

Oil prices dropped on Tuesday with Brent crude falling US$1.12 (1.63%) to US$67.64 per barrel, and WTI crude sliding US$1.13 (1.7%) to US$65.16 — both settling at their lowest in five weeks.

The decline came as OPEC+ announced a 547,000 barrels per day production increase for September, effectively ending recent output cuts ahead of schedule.

Market sentiment was further dampened by signs of economic sluggishness, including a flat U.S. services sector in July and weakening employment, increasing concerns over global demand.

oil:US:UCO

Trump’s India Tariff Threat Sparks Oil Trade Tensions

U.S. President Donald Trump reiterated threats of increased tariffs on Indian goods over continued imports of discounted Russian oil, deepening trade tensions.

Despite the tough rhetoric, traders appeared skeptical of a potential supply disruption. Analysts noted oil prices remained pressured by supply growth and demand uncertainty, rather than fears of a geopolitical shock.

KL:PETRONAS:Petronas

Petronas Eyes US$1B from Brazil Oil Stake Sale

Malaysia’s Petronas is reportedly seeking up to US$1 billion for its stake in a deepwater oil field in Brazil’s Campos Basin. The move aligns with Petronas’ broader asset monetisation strategy.

oil:US:UCO

US Crude Stocks Drop, But Market Shrugs Off Supply Drawdown

According to the American Petroleum Institute, U.S. crude inventories fell by 4.2 million barrels last week. However, prices failed to respond positively amid prevailing oversupply concerns.

Market watchers await the U.S. Energy Information Administration’s inventory report for further insights into demand and supply dynamics.

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