The two main drags were: Quick Commerce (Ele.me and instant retail) with continued widening losses, and the "All Others" segment posting a RMB 9.8bn loss that deteriorated further quarter-on-quarter. Morgan Stanley's response was "unchanged thesis" — core investment case intact — but near-term EPS estimates were revised lower, making the overall tone a modest negative revision.
Bearish Sentiment: Jumped from 46.4% last week to 52%, hitting its highest level since May last year. Bullish Sentiment: Slipped from 31.9% to 30.4%, its lowest point since last September. Neutral Sentiment: Stands at a mere 17.6%, also at the lower end of the historical range. Current market sentiment has moved beyond "caution" and is now leaning decisively toward pessimism.
Gold prices saw a sharp decline yesterday, dropping about 3.7%, followed by another 2% decline today. Within just two days, prices broke below the $5,000 and $4,900 levels, falling toward $4,800 and even briefly dipping under $4,700.
Geopolitical tensions are back with a vengeance. Just as the market was pricing in a "US-Iran rapprochement," the script flipped. Reports of assassination threats against leadership have shattered the fragile trust, and the Habshan gas facility strike in Abu Dhabi has set the energy complex on edge.
The current market logic centers on the "Physical Limit of AI," which is essentially Memory Bandwidth. No matter how powerful the computing performance is, if the storage (HBM) can't keep up, the processing power will simply "idle."
Singtel : The local telco’s mobile services were restored after a mobile outage on Monday which lasted eight hours. The cause of the disruption is unknown, though Singtel noted that it was not a cyberattack. The counter ended 1.6 per cent or S$0.08 higher at S$5.04 on Monday.
The DIF line (Difference Line), also called the "Fast Line", is the core of the MACD indicator. It represents the difference between short-term and long-term Exponentially Moving Averages (EMAS)—specifically, the 12-day EMA minus the 26-day EMA. The DEA line (Signal Line), also known as the "Slow Line", is a smoothed version of the DIF line over a set period. It's typically calculated as a 9-day moving average of the DIF line with independent parameter settings. The MACD Histogram displays the difference between the DIF and DEAA lines, commonly viewed as a dynamic representation of bullish/bearish momentum.
Strategic investments to lock in customers:It is reportedly investing $30 billion in OpenAI and $10 billion in Anthropic, essentially using capital to secure future orders. Meanwhile, $Alphabet(GOOG)$’s TPU v7 has already closed the gap to within about one year in FP8 performance. To retain major clients like $Meta Platforms, Inc.(META)$, some of NVIDIA’s recent agreements even appear to include subtle price concessions to lock in long-term demand.