🚀 Wall Street Climbs to New Highs as Fed Rate Cut Sparks Rally

US:DGT:Dow Jones Industrial Average
The Dow Jones Industrial Average rose 172.85 points, or 0.37%, closing at a record 46,315.27.

SGX:S27.SI:S&P 500
The S&P 500 gained 0.49% to 6,664.36, while

US:QQQ:Nasdaq Composite
the Nasdaq Composite advanced 0.72% to 22,631.48.

US:RUT:Russell 2000
The Russell 2000 fell 0.7%, pulling back after earlier hitting a record high.

US:AAPL:Apple
Apple surged 3.2% as its latest iPhone went on sale worldwide, leading gains.

US:TSLA:Tesla
Tesla climbed more than 2.2%, adding to the tech-led rally.

SGX:S27.SI:S&P 500
US:DGT:Dow Jones Industrial Average
US:QQQ:Nasdaq Composite
US:RUT:Russell 2000
For the week, the S&P 500 rose 1.2%, the Dow 1%, the Nasdaq 2.2%, and the Russell 2000 2.2%, marking its seventh straight weekly gain.

US:NLR:VanEck Uranium and Nuclear ETF
The VanEck Uranium and Nuclear ETF (NLR) soared past its 2007 record, jumping 5.4% to $137.36. It also posted its best weekly gain since 2020, rallying nearly 12%.

US:DGT:Dow Jones Industrial Average
SGX:S27.SI:S&P 500
US:QQQ:Nasdaq Composite
UBS Global Wealth Management forecast further gains after the Fed’s first rate cut since December, citing support from AI, earnings, and consumption.

US:BTC:Bitcoin (related mention not in text, but no data given, so not added here).

US:ByteDance:ByteDance (private)
President Donald Trump and Chinese leader Xi Jinping discussed a deal to keep TikTok operating in the U.S. ByteDance, TikTok’s parent, faces a federal ultimatum to divest or be shut down. Trump has repeatedly extended the deadline.

💥 Nvidia Shocks Wall Street With $5B Intel Lifeline, Reshaping Global Chip Power

US:NVDA:Nvidia
Nvidia Corp will invest US$5 billion in rival Intel, buying shares at US$23.28 each. The companies will co-develop PC and data centre chips, blending Nvidia’s AI and graphics strength with Intel’s x86 CPUs. Nvidia CEO Jensen Huang called it a “historic collaboration” to lay the foundation for the next era of computing.

US:INTC:Intel
Intel Corp shares soared as much as 28% after the announcement. Backed by US government support, SoftBank’s recent US$2 billion investment, and asset sales, Intel now gains both capital and access to Nvidia’s technology to fight rivals in PCs and data centres. Intel CEO Lip-Bu Tan said the move “reinforces innovation for future workloads.”

US:AMD:Advanced Micro Devices
AMD Inc stock fell nearly 5.9% on the news, as the Nvidia-Intel alliance threatens its recent market share gains in PCs and data centres. AMD stressed confidence in its roadmap, saying it will “continue driving x86 leadership” despite the surprise partnership.

AMS:ASML:ASML Holding
ASML Holding, a major Intel supplier, saw its shares jump 8.2% in Amsterdam after the Nvidia-Intel deal, reflecting optimism that Intel’s revival could boost demand for chipmaking equipment.

US:ARM:Arm Holdings
Nvidia confirmed it will continue designing its own processors using Arm technology, despite its new tie-up with Intel. Nvidia’s in-house chips remain central to its AI dominance.

TPE:2330.TW:Taiwan Semiconductor Manufacturing Co (TSMC)
Intel continues to rely on TSMC for its most advanced chips, underscoring how far its manufacturing edge has slipped. TSMC’s rapid progress has empowered companies like Apple and Nvidia to outpace Intel in cutting-edge semiconductors.

US:AAPL:Apple
Apple Inc., one of TSMC’s top customers, was highlighted as among the firms benefiting from Intel’s manufacturing struggles, which allowed rivals to turn advanced designs into market-leading products.

📰 Malaysia Corporate Roundup: Billion-Ringgit Profits, Big Contracts, and Strategic Moves

KL:GAMUDA:Gamuda Bhd
Gamuda Bhd posted a record FY2025 net profit of RM1.003 billion, up 19% from RM912.13 million in FY2024 — its first-ever billion-ringgit earnings since listing in 1992. Revenue jumped 20% to RM15.97 billion, driven by strong domestic projects, while order book swelled to RM38 billion with RM25 billion in new wins, including a RM2.1 billion data centre deal.

KL:LFG:Lianson Fleet Group Bhd
Lianson Fleet Group Bhd, formerly Icon Offshore Bhd, is acquiring two Supramax bulk carriers from HMM Co Ltd for US$27.48 million. The purchase, funded through internal funds and borrowings, marks a strategic diversification into dry bulk shipping.

KL:SDS:SDS Group Bhd
The Employees Provident Fund (EPF) has become a substantial shareholder of SDS Group Bhd, raising its stake to 5.11% after acquiring 1.89 million shares on Sept 12. This is up from its previous 3% holding.

KL:PHARMA:Pharmaniaga Bhd
Pharmaniaga Bhd is buying a freehold factory and office building in Seberang Perai Selatan, Penang, for RM30 million. The acquisition aims to boost logistics and distribution capacity in northern Peninsular Malaysia under its concession with the Ministry of Health.

KL:SCBUILD:SC Estate Builder Bhd
SC Estate Builder Bhd, via its subsidiary SC Estate Energy, signed a JV with Vanguard North to develop four Kedah land parcels into a RM663.36 million mixed project, offering both lease and sale options.

KL:EWICAP:EWI Capital Bhd
EWI Capital Bhd, formerly Eco World International Bhd, recorded RM170 million in sales and sales reserves over 10 months ended Aug 31, 2025. With RM140 million in unsold units, it is pausing new launches in the UK and Australia while monetising long-gestation assets.

KL:SLVEST:Solarvest Holdings Bhd
Solarvest Holdings Bhd announced Bursa Malaysia has approved a trading suspension effective Sept 22, pending a material announcement. The suspension covers both shares and related structured warrants.

KL:MERIDIAN:Meridian Bhd
Meridian Bhd secured a RM40.5 million contract from Kejora Harta Bhd to build 140 terraced houses under a government-backed civil servant housing project in Kuala Muda, Kedah. The job spans two years and includes demolition, piling, and infrastructure works.

🚨 Big Corporate Moves: Telecom Fallout, Metro Ambitions, AI Chip Alliance & SGX Debuts

SGX:AU8U.SI:CapitaLand China Trust
CapitaLand China Trust has issued $150 million fixed-rate subordinated perpetual securities, strengthening its funding profile.

SGX:Z74.SI:Singtel
Australia’s Optus, owned by Singtel, is investigating a network failure during a system upgrade that caused the disruption of Triple Zero emergency calls. The outage tragically coincided with the deaths of three individuals.

SGX:C52.SI:ComfortDelGro
ComfortDelGro (CDG), via its JV with RATP Dev, has been shortlisted to bid for Copenhagen Metro’s O&M contract. Analysts see this as a strategic entry into continental Europe, though near-term earnings impact is expected to be limited. CDG also recently acquired full ownership of CityCab, a move set to strengthen its point-to-point business.

SGX:AWX.SI:AEM Holdings
AEM Holdings shares surged after Nvidia announced a US$5 billion equity investment in Intel, lifting Intel’s stock by 22.8%. AEM, Intel’s testing solutions partner, stands to benefit from higher demand tied to Intel-Nvidia collaborations in AI and data centres. DBS raised AEM’s target price to $2.10.

MPACT Management Ltd. has announced the upcoming release of its financial results for the Second Quarter and First Half of the Financial Year 2025/2026, ending 30 September 2025. The results will be made available after trading hours on 22 October 2025.

OKP Holdings Announces Proposed Sale of 69 & 71 Kampong Bahru Road Shophouses for S$14.88 Million

ISOTeam Ltd. Completes S$3 Million Convertible Bond Placement – Official Announcement and Investor Advisory

TOTM Technologies Limited Extraordinary General Meeting 2025: Proposed Placement and Share Issue Mandate ($0.0239 Each) Approved

SGX:F03.SI:Food Empire Holdings
Food Empire Holdings could join SGX’s new upcoming index, says CGS International, which lifted its target price to $3.09. The group’s Vietnam business remains a strong growth driver despite temporary margin pressure from brand-building investments.

SGX:5HZ.SI:Zixin Group Holdings
Zixin Group Holdings plans to issue 889 million share options at 3 cents each to investors led by its CEO Liang Chengwang. If fully exercised, proceeds could reach $26.67 million, boosting liquidity and growth funding. Liang’s stake could rise to 21.89% pending shareholder approval.

🌏 AvePoint Bets Big on Singapore After Historic Dual Listing

SGX:AVPT.SI:AvePoint
AvePoint, the US cybersecurity and data management firm, has become the first company listed on both Nasdaq and SGX, debuting in Singapore on Sept 19. Shares opened at $20.20 before closing at $19.70, slightly above its $19.50 offer price, with more than 760,000 shares traded. Its Nasdaq shares gained 3.4% to close at US$15.96.

SGX:AVPT.SI:AvePoint
CEO and co-founder Dr Jiang Tianyi said the company will expand its Singapore R&D hub at Fusionopolis, raising headcount from 300 to 500 by 2026. The hub, set up in 2022, collaborates with the Government, NTUC LearningHub, and universities, and contributed 13% of AvePoint’s Q2 2025 global revenue.

SGX:AVPT.SI:AvePoint
AvePoint reported Q2 2025 revenue of US$102 million, up 31% year-on-year, reversing a US$12.8 million loss into a US$2.7 million profit. The company serves over 25,000 customers and 5,000 partners globally, including users of Microsoft, Google, and Salesforce platforms.

SGX:AVPT.SI:AvePoint
Dr Jiang stressed the listing was not driven by Singapore’s Equity Market Development Programme but by the desire to attract institutional investors. AvePoint previously secured backing from 65 Equity Partners’ Anchor Fund in 2023. He described the move as part of the “rejuvenation of SGX,” positioning the bourse as a top Asian exchange.

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