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Joined August 2020
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US Market
Nasdaq suffered a steep tech rout. Intel -29% on Friday. Alphabet -12% earlier in the week.
AI optimism now turning into "show me the money". Heavy cash burn and drop in free cash flow rattled investor.
WoW
DJIA -0.9%
S&P500 -0.6%
Nasdaq -2.0%
Breaking: Intel breakdown π»
BREAKING π¨: Intel
$INTC plunging 29%, on track for largest drop in its 55-year history as a publicly traded company πππ
π₯ October
Worthy mentioned is the Indonesia market, JCI anjlok 16%, becoming among the worst-performing equity indexes globally.
MSCI proposed downgrading Indonesia by two full notches straight to "Standalone Market" status, placing it alongside Zimbabwe and Lebanon.
KLCI π₯ October
Foreign investors extended their net selling, offloading over RM1.2 billion in October.
Outflow
SD Guthrie, Pmetal, Tenaga
Inflow
PBBANK, CIMB, MAYBANK
KLCI
MoM -2.15%
YTD -3.84%
Outlook
Choppy consolidation
NOV 5 BNM OPR meeting
NOV 14 Melaka PRK
Korea π₯ October
KOSPI -17.79%
Samsung -18.48%
SK Hynix -25.79%
Alphabetβs surging AI capex and negative free cash flow sparked fears and triggered panic selling in Seoul.
Hidden Bear Market
October this year we donβt see headline stock indices suffered a single-day 20% "crash" except for Brazil post election, but underneath the surface, the accumulated losses in specific sectors feel exactly like one.
Mag7 Oct 1 to Oct 29
* Tesla: +14.56%
* Apple: +5.92%
* Microsoft: +2.63%
* Amazon: -0.51%
* Nvidia: -7.49%
* Alphabet: -15.50%
* Meta: -13.97%
The sudden drop in Alphabet and Meta highlights the sharp tech selloff this week driven by investor anxiety over heavy AI capex.
KOSPI -1.24%
SK +2.62%
SAMSUNG -4.13%
Samsung Q3 operating profit surged 9 fold.
Investors reacted negatively over the lack of a concrete shareholder return policy, which was delayed until January.
Life is demanding without understanding π°
KOSPI +6.63%
SK +11%
SAMSUNG +9%
SK record quarter lit up KOSPI.
SK hynix Q3:
Revenue +32% QoQ
Operating margin 79.7%
Nestle Malaysia
Net Profit
3Q2026 RM197.5m +73%
9M2026 RM557.6m +43.9%
Revenue
3Q2026 RM1.86b +5.3%
9M2026 RM5.55b +6.7%
KOSPI
GS adjusted the broader index target for more conservative multiples.
Its stock-specific targets for Samsung and SK Hynix have stayed high or moved higher since June on the memory cycle thesis.
In this casino markets and forecasts shift quickly.
US Market
Volatile week.
Oil is five month high, reigniting inflation fears ahead of the upcoming Fed meeting.
Renewed skepticism over heavy AI capex triggered a massive rotation away from tech stocks.
WoW
DJIA +0.4%
S&P500 -0.5%
Nasdaq -0.7%
KLCI Today
KLCI put on a four-day winning streak from Tuesday through Friday, fueled by bargain hunting and selective buying in defensive blue-chip stocks.
Consumer giants and plantation stocks anchored KLCI recovery.
Tech and semis acted as a drag on the index.
WoW +0.24%
Asia Today
Mix performance. Still under pressure from a global tech and AI related sell-off
Kospi +0.3%
Nikkei -0.34%
Hang Seng +0.69%
Taiwan -1.81%
Drizzly morning
Looking at some stock in Bursa Malaysia while on the way to work.
ZETRIX has suffered a market meltdown and is down 94% from its 2026 peak.
It needs a 1,720% (18x) increase in price to climb all the way back up to RM0.91.
Sukuk holders meeting is today.
