☕️ Daily Market Talk | March 24, 2026

Hi guys ☕️ Big news: Alibaba dropping a new chip? SK Hynix goes all in on HBM. Apple teases a big one at WWDC. Singtel tanks 5.4%. CapLand Ascendas REIT goes big. Plus 6 earnings. What's catching your eye? 👇

💬 Today's 3 Big Questions

1. Alibaba poised to unveil major chip product today — New silicon to compete in AI race? Game-changer or just noise?

2. SK Hynix seeks $7-11B for HBM expansion, eyes US ADR listing — Memory king doubling down. How does this impact Micron?

3. Singtel plunges 5.4% on network outage — Buy the dip or wait for more downside?

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⏰ Deadline: 24 Mar 2026, 11:59 PM (SGT)

📊 Quick Market Recap

🇺🇸 US Markets

• $XL2CSOPHYNIX(07709.HK) SK Hynix plans US ADR listing, seeks to raise 10-15T KRW ($7-11B) via new shares to aggressively expand HBM production — signals confidence in sustained AI memory demand.
• $Apple(AAPL.US) sets WWDC 2026 for June 8-12, teaser promises "major AI advances" — AI integration across iOS, macOS expected.
• Fed's Miran maintains forecast for four rate cuts in 2026, says geopolitical shocks won't alter outlook.

🇸🇬 Singapore Markets

• $SingTel(Z74.SG) plunged 5.4% after widespread service disruption — outage raised network reliability concerns, potential regulatory fallout.
• $CapLand Ascendas REIT(A17U.SG) making major moves:
  • Acquiring S$749M of Singapore assets
  • Entering Japanese data centers with S$621M acquisition of Osaka facility (49% stake) — first Japan data center play
  • Launching S$900M equity fundraising to support expansion
• $Sarine Tech(U77.SG) continued buyback — repurchased 8,000 shares at $0.198-$0.20 each.

🇭🇰 Hong Kong Markets

• $Alibaba(BABA.US)$BABA-W(09988.HK) expected to unveil major new chip product today — any move into AI accelerators could shake up competitive landscape.
• Boao Forum for Asia opens in Hainan today — regional cooperation, economic recovery, innovation on agenda.

📅 Earnings Today