Analysts mixed on UOB as lower fee guidance, spike in non-performing assets dim Q2 earnings beat https://www.businesstimes.com.sg/companies-markets/banking-finance/analysts-mixed-uob-lower-fee-guidance-spike-non-performing-assets-dim-q2-earnings-beat?utm_source=web_share&utm_medium=referral&utm_campaign=article
The Business Times
Analysts mixed on UOB as lower fee guidance, spike in non-performing assets dim Q2 earnings beat
Citi and OCBC’s downgrades counter upgrades and bullish calls from RHB and Macquarie Read more at The Business Times.
Those who like to push their luck will always do it.
Licence suspensions can change behaviour, but habitual risk-takers may remain undeterred, drivers and experts told CNA. https://cna.asia/4wdkVSt
In 2010, DBS sold its fund arm to Nikko, and built its wealth franchise around distribution instead.
16 years later, UOB just made a similar move, selling UOB Asset Management to Allianz for S$555 million and locking in a S$330 million gain.
Same logic, different bank. Meanwhile, OCBC is the odd one out, still keeping both sides in house through Lion Global and Great Eastern.
Is UOB following a proven playbook, or is OCBC's full suite approach the one that pays off?
https://drwealth.com/uob-sold-its-funds-unit-for-s555-million-banking-on-the-customer-not-the-product/
16 years later, UOB just made a similar move, selling UOB Asset Management to Allianz for S$555 million and locking in a S$330 million gain.
Same logic, different bank. Meanwhile, OCBC is the odd one out, still keeping both sides in house through Lion Global and Great Eastern.
Is UOB following a proven playbook, or is OCBC's full suite approach the one that pays off?
https://drwealth.com/uob-sold-its-funds-unit-for-s555-million-banking-on-the-customer-not-the-product/
Dr Wealth
UOB Sold Its Funds Unit For S$555 Million. Banking On The Customer, Not The Product. | Dr Wealth
UOB’s S$555M Sale On August 5, 2026, United Overseas Bank (UOB) agreed to sell its fund management arm, UOB Asset Management (UOBAM), to European asset management giant Allianz Global Investors (AGI) for S$555 million. The sale transfers UOBAM’s S$42 billion…
Forwarded from TradeWithSonic
BREAKING:
🇺🇸 US 30Y bond yield just hit 5.28%, its highest level since the 2007 Financial crisis.
First Japan and now the US, the bond markets of major economies are getting crushed.
Crd Internet
🇺🇸 US 30Y bond yield just hit 5.28%, its highest level since the 2007 Financial crisis.
First Japan and now the US, the bond markets of major economies are getting crushed.
Crd Internet
❤1
Forwarded from TradeWithSonic
JUST IN 🚨: U.S. Strategic Petroleum Reserve falls to lowest level since 1983 🤯 👀
#HKMarketUpdate
<Full-day Takeaway>HSI Down 284 pts; HSTI Down 95 pts; XIAOMI Down over 3%; SWIRE PACIFIC A, SITC Hit New Highs; Market Turnover Rises
2026/08/11 16:12 GMT+08
At close, HSI dropped 284 pts or 1.1% to 25,652. HSTI dropped 95 pts or 1.9% to 4,824. HSCEI fell 93 pts or 1.1% to 8,528. Market turnover reached $210.94 billion.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1537614/top-news/AAFN
<Full-day Takeaway>HSI Down 284 pts; HSTI Down 95 pts; XIAOMI Down over 3%; SWIRE PACIFIC A, SITC Hit New Highs; Market Turnover Rises
2026/08/11 16:12 GMT+08
At close, HSI dropped 284 pts or 1.1% to 25,652. HSTI dropped 95 pts or 1.9% to 4,824. HSCEI fell 93 pts or 1.1% to 8,528. Market turnover reached $210.94 billion.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1537614/top-news/AAFN
AASTOCKS.COM
<Full-day Takeaway>HSI Down 284 pts; HSTI Down 95 pts; XIAOMI Down over 3%; SWIRE PACIFIC A, SITC Hit New Highs; Market Turnover…
At close, HSI dropped 284 pts or 1.1% to 25,652. HSTI dropped 95 pts or 1.9% to 4,824. HSCEI...
#HKMarketUpdate
<H Shrs>HSI Closes Near Day's Low Down 284 pts; Hefty Selling Pressure on New Econ, Gold-related and Auto Stocks; Oils Thrive
2026/08/11 16:58 GMT+08
The HSI started up 61 pts today and briefly reclaimed the 26,000 level in early trading, but swiftly reverted down and closed near the day's low at 25,652.82, down 284.67 pts or 1.10%. Total market turnover for the day was HKD210.942 billion. The HSCEI settled at 8,528.10, down 93.74 pts or 1.09%, with turnover of HKD61.863 billion. The HSTECH closed at 4,824.42, down 95.04 pts or 1.93%, with turnover of HKD51.227 billion.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1537628/top-news/AAFN
<H Shrs>HSI Closes Near Day's Low Down 284 pts; Hefty Selling Pressure on New Econ, Gold-related and Auto Stocks; Oils Thrive
2026/08/11 16:58 GMT+08
The HSI started up 61 pts today and briefly reclaimed the 26,000 level in early trading, but swiftly reverted down and closed near the day's low at 25,652.82, down 284.67 pts or 1.10%. Total market turnover for the day was HKD210.942 billion. The HSCEI settled at 8,528.10, down 93.74 pts or 1.09%, with turnover of HKD61.863 billion. The HSTECH closed at 4,824.42, down 95.04 pts or 1.93%, with turnover of HKD51.227 billion.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1537628/top-news/AAFN
AASTOCKS.COM
<H Shrs>HSI Closes Near Day's Low Down 284 pts; Hefty Selling Pressure on New Econ, Gold-related and Auto Stocks; Oils Thrive
The HSI started up 61 pts today and briefly reclaimed the 26,000 level in early trading, but swiftl...
#SgMarketUpdate
Singapore shares end higher on Tuesday; STI up 1%
Singapore stocks ended higher on Tuesday (Aug 11) amid a mixed performance from wider Asia markets.
The benchmark Straits Times Index (STI) gained 1 per cent or 55.74 points to finish at 5,754.17.
Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 11 per cent or S$0.46 to S$4.66.
This is an extension of its earnings rally on Aug 7, when it gained 6.6 per cent after the shipbuilder posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for its first half.
The worst performer among STI constituents was Singapore Airlines, which fell 5.9 per cent or S$0.45 to S$7.15.
The three local banks ended mixed. DBS rose 0.9 per cent or S$0.66 to S$76.99 and OCBC was up 3.5 per cent or S$1.06 at S$31.36, while UOB finished 2.6 per cent or S$1.14 lower at S$42.16...
Across the broader market, gainers outnumbered losers 327 to 281, after 1.6 billion securities worth nearly S$3.6 billion changed hands...
Key regional indices were mixed. Hong Kong’s Hang Seng Index lost 1.1 per cent and the FTSE Bursa Malaysia KLCI was down 0.2 per cent, while South Korea’s Kospi rose 0.7 per cent...
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-shares-end-higher-tuesday-sti-1
Singapore shares end higher on Tuesday; STI up 1%
Singapore stocks ended higher on Tuesday (Aug 11) amid a mixed performance from wider Asia markets.
The benchmark Straits Times Index (STI) gained 1 per cent or 55.74 points to finish at 5,754.17.
Yangzijiang Shipbuilding led the gainers on Singapore’s blue-chip index, rising 11 per cent or S$0.46 to S$4.66.
This is an extension of its earnings rally on Aug 7, when it gained 6.6 per cent after the shipbuilder posted a 28.4 per cent rise in net profit to 5.4 billion yuan (US$800 million) for its first half.
The worst performer among STI constituents was Singapore Airlines, which fell 5.9 per cent or S$0.45 to S$7.15.
The three local banks ended mixed. DBS rose 0.9 per cent or S$0.66 to S$76.99 and OCBC was up 3.5 per cent or S$1.06 at S$31.36, while UOB finished 2.6 per cent or S$1.14 lower at S$42.16...
Across the broader market, gainers outnumbered losers 327 to 281, after 1.6 billion securities worth nearly S$3.6 billion changed hands...
Key regional indices were mixed. Hong Kong’s Hang Seng Index lost 1.1 per cent and the FTSE Bursa Malaysia KLCI was down 0.2 per cent, while South Korea’s Kospi rose 0.7 per cent...
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-shares-end-higher-tuesday-sti-1
The Business Times
Singapore shares end higher on Tuesday; STI up 1%
Across the broader market, gainers beat losers 327 to 281, as 1.6 billion securities worth S$3.6 billion change hands Read more at The Business Times.
China's car sales extend slide as shift accelerates to overseas markets
https://www.businesstimes.com.sg/companies-markets/transport-logistics/chinas-car-sales-extend-slide-shift-accelerates-overseas-markets
https://www.businesstimes.com.sg/companies-markets/transport-logistics/chinas-car-sales-extend-slide-shift-accelerates-overseas-markets
The Business Times
China's car sales extend slide as shift accelerates to overseas markets
For the first seven months of the year as a whole, domestic passenger vehicle sales declined 20.5% Read more at The Business Times.
Stocks making the biggest moves premarket: Riot Platforms, Hims & Hers Health, Intel & more
https://www.cnbc.com/2026/08/11/stocks-making-the-biggest-moves-premarket-riot-hims-intc.html?__source=androidappshare
https://www.cnbc.com/2026/08/11/stocks-making-the-biggest-moves-premarket-riot-hims-intc.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: Riot Platforms, Hims & Hers Health, Intel & more
These are the stocks posting the largest moves premarket.
Sea Q2 earnings up 10.6% at US$458.1 million, as Shopee hits new highs
https://www.businesstimes.com.sg/companies-markets/sea-q2-earnings-10-6-us458-1-million-shopee-hits-new-highs
https://www.businesstimes.com.sg/companies-markets/sea-q2-earnings-10-6-us458-1-million-shopee-hits-new-highs
The Business Times
Sea Q2 earnings up 10.6% at US$458.1 million as Shopee hits new highs
Earnings per share stand at US$0.72, compared with US$0.68 a year earlier Read more at The Business Times.
Morgan Stanley sees more upside in these stocks as 'chipflation' worsens
https://finance.yahoo.com/markets/article/morgan-stanley-sees-more-upside-in-these-stocks-as-chipflation-worsens-115127413.html
https://finance.yahoo.com/markets/article/morgan-stanley-sees-more-upside-in-these-stocks-as-chipflation-worsens-115127413.html
Yahoo Finance
Morgan Stanley sees more upside in these stocks as 'chipflation' worsens
Some names to play for 'chipflation'.
Intel's huge rally is helping pay for its AI comeback: Chart of the Day
https://finance.yahoo.com/markets/article/intels-huge-rally-is-helping-pay-for-its-ai-comeback-chart-of-the-day-100000146.html
https://finance.yahoo.com/markets/article/intels-huge-rally-is-helping-pay-for-its-ai-comeback-chart-of-the-day-100000146.html
Yahoo Finance
Intel's huge rally is helping pay for its AI comeback: Chart of the Day
Intel said Monday it plans to raise $15 billion by selling new shares to investors, giving it fresh cash for factories, equipment, day-to-day operations, and other needs. That comes with a cost for existing shareholders — one that its recent stock rally has…
😁1
#USMarketUpdate
S&P 500 posts back-to-back losses, weighed down by tech sell-off and Iran uncertainty
Live updates
The S&P 500 fell on Tuesday, bogged down by key technology stocks, as hopes among investors that the the Strait of Hormuz would reopen faltered, exacerbating lingering doubts that the U.S. and Iran can reach a broader resolution to the conflict.
The broad market index lost 0.32%, dropping for a second day and closing at 7,728.20. The Nasdaq Composite fell 0.60% to 26,445.45. The Dow Jones Industrial Average shed 184.13 points, or 0.34%, to end at 53,791.85.
Communication services was the leading S&P 500 laggard, falling more than 2% as Alphabet and AppLovin shares dropped 3.8% and nearly 6%, respectively. Alphabet shares have been under pressure recently, notching their fourth losing session in five, since Google announced last week that it’s reshuffling its artificial intelligence divisions.
https://www.cnbc.com/2026/08/10/stock-market-today-live-updates.html?__source=androidappshare
S&P 500 posts back-to-back losses, weighed down by tech sell-off and Iran uncertainty
Live updates
The S&P 500 fell on Tuesday, bogged down by key technology stocks, as hopes among investors that the the Strait of Hormuz would reopen faltered, exacerbating lingering doubts that the U.S. and Iran can reach a broader resolution to the conflict.
The broad market index lost 0.32%, dropping for a second day and closing at 7,728.20. The Nasdaq Composite fell 0.60% to 26,445.45. The Dow Jones Industrial Average shed 184.13 points, or 0.34%, to end at 53,791.85.
Communication services was the leading S&P 500 laggard, falling more than 2% as Alphabet and AppLovin shares dropped 3.8% and nearly 6%, respectively. Alphabet shares have been under pressure recently, notching their fourth losing session in five, since Google announced last week that it’s reshuffling its artificial intelligence divisions.
https://www.cnbc.com/2026/08/10/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Stock futures are steady as investors weigh Iran, Hormuz deal prospects: Live updates
Investors weighed signs of progress toward reopening the Strait of Hormuz against doubts that the U.S. and Iran can reach a broader resolution to the conflict.
🔥1
Hiltzik: The Trump administration's investments in corporate stocks raise fears of 'crony capitalism'
https://finance.yahoo.com/economy/policy/articles/hiltzik-trump-administrations-investments-corporate-100000904.html
https://finance.yahoo.com/economy/policy/articles/hiltzik-trump-administrations-investments-corporate-100000904.html
Yahoo Finance
Hiltzik: The Trump administration's investments in corporate stocks raise fears of 'crony capitalism'
The Trump administration's investments in corporate stocks make it a significant shareholder in an unprecedented 30 companies. Voters and economists are uneasy.
😁1
#USMarketUpdate
Wall Street ends down as US-Iran peace optimism fades | Reuters
SUMMARY
Sportswear brand On tumbles after second-quarter results
S&P 500 -0.32%, Nasdaq -0.60%, Dow -0.34%
Aug 11 (Reuters) - Wall Street ended lower on Tuesday, with Amazon and Alphabet dipping, as investors became more pessimistic about a potential deal to bring stability to the Middle East.
The Strait of Hormuz will remain closed as long as the U.S. does not change its behavior and accept Iran's conditions to end the war, the newly appointed secretary of Iran's Supreme National Security Council said.
Brent crude futures held near one-week highs in choppy trading, while the S&P 500 energy sector index (.SPNY), opens new tab climbed 1.1%.
Amazon (AMZN.O), opens new tab dipped 2.1% and Alphabet (GOOGL.O), opens new tab fell 3.8%, both weighing on the S&P 500 and Nasdaq. SpaceX (SPCX.O), opens new tab declined almost 4%.
Alternative asset managers rose, with Apollo Global (APO.N), opens new tab up 6.2% and Blackstone (BX.N), opens new tab rallying almost 4%. They were among financial institutions that recently partnered with Nvidia (NVDA.O), opens new tab to establish compute-financing platforms aimed at mobilizing more than $500 billion.
The S&P 500 declined 0.32% to 7,728.20 points.
The Nasdaq dropped 0.6% to 26,445.45 points, while the Dow Jones Industrial Average declined 0.34% to 53,791.85 points.
Even as the S&P 500 dipped, advancing issues outnumbered falling ones (.AD.SPX), opens new tab by a 1.2-to-one ratio.
The S&P 500 posted 22 new highs and one new low; the Nasdaq recorded 108 new highs and 75 new lows.
Strong quarterly earnings helped lift the S&P 500 to all-time highs last week, while the Nasdaq (.IXIC), opens new tab was down about 2% from its record high close on June 2.
Volume on U.S. exchanges was relatively light, with 15 billion shares traded, compared to an average of 17.6 billion shares over the previous 20 sessions.
https://www.reuters.com/business/wall-st-futures-muted-us-iran-impasse-lifts-oil-prices-2026-08-11/
Wall Street ends down as US-Iran peace optimism fades
https://www.straitstimes.com/business/companies-markets/wall-street-ends-down-as-us-iran-peace-optimism-fades
Wall Street ends down as US-Iran peace optimism fades | Reuters
SUMMARY
Sportswear brand On tumbles after second-quarter results
S&P 500 -0.32%, Nasdaq -0.60%, Dow -0.34%
Aug 11 (Reuters) - Wall Street ended lower on Tuesday, with Amazon and Alphabet dipping, as investors became more pessimistic about a potential deal to bring stability to the Middle East.
The Strait of Hormuz will remain closed as long as the U.S. does not change its behavior and accept Iran's conditions to end the war, the newly appointed secretary of Iran's Supreme National Security Council said.
Brent crude futures held near one-week highs in choppy trading, while the S&P 500 energy sector index (.SPNY), opens new tab climbed 1.1%.
Amazon (AMZN.O), opens new tab dipped 2.1% and Alphabet (GOOGL.O), opens new tab fell 3.8%, both weighing on the S&P 500 and Nasdaq. SpaceX (SPCX.O), opens new tab declined almost 4%.
Alternative asset managers rose, with Apollo Global (APO.N), opens new tab up 6.2% and Blackstone (BX.N), opens new tab rallying almost 4%. They were among financial institutions that recently partnered with Nvidia (NVDA.O), opens new tab to establish compute-financing platforms aimed at mobilizing more than $500 billion.
The S&P 500 declined 0.32% to 7,728.20 points.
The Nasdaq dropped 0.6% to 26,445.45 points, while the Dow Jones Industrial Average declined 0.34% to 53,791.85 points.
Even as the S&P 500 dipped, advancing issues outnumbered falling ones (.AD.SPX), opens new tab by a 1.2-to-one ratio.
The S&P 500 posted 22 new highs and one new low; the Nasdaq recorded 108 new highs and 75 new lows.
Strong quarterly earnings helped lift the S&P 500 to all-time highs last week, while the Nasdaq (.IXIC), opens new tab was down about 2% from its record high close on June 2.
Volume on U.S. exchanges was relatively light, with 15 billion shares traded, compared to an average of 17.6 billion shares over the previous 20 sessions.
https://www.reuters.com/business/wall-st-futures-muted-us-iran-impasse-lifts-oil-prices-2026-08-11/
Wall Street ends down as US-Iran peace optimism fades
https://www.straitstimes.com/business/companies-markets/wall-street-ends-down-as-us-iran-peace-optimism-fades
#HKMarketUpdate
Stock market today: Dow, S&P 500, Nasdaq slip amid US-Iran impasse, Alphabet stock sinks
US stocks slipped on Tuesday as the standoff between the US and Iran intensified, raising doubts about progress toward a deal to reopen the Strait of Hormuz ahead of a key inflation report.
The Dow Jones Industrial Average (^DJI) fell roughly 0.3% while the S&P 500 (^GSPC) dropped 0.3%. The tech-heavy Nasdaq Composite (^IXIC) declined about 0.6% after stocks closed lower on Monday.
https://finance.yahoo.com/markets/live/stock-market-today-tuesday-august-11-dow-sp-500-nasdaq-102827503.html
Stock market today: Dow, S&P 500, Nasdaq slip amid US-Iran impasse, Alphabet stock sinks
US stocks slipped on Tuesday as the standoff between the US and Iran intensified, raising doubts about progress toward a deal to reopen the Strait of Hormuz ahead of a key inflation report.
The Dow Jones Industrial Average (^DJI) fell roughly 0.3% while the S&P 500 (^GSPC) dropped 0.3%. The tech-heavy Nasdaq Composite (^IXIC) declined about 0.6% after stocks closed lower on Monday.
https://finance.yahoo.com/markets/live/stock-market-today-tuesday-august-11-dow-sp-500-nasdaq-102827503.html
Yahoo Finance
Stock market today: Dow, S&P 500, Nasdaq slip amid US-Iran impasse, Alphabet stock sinks
Markets were subdued as the US and Iran dug in their heels, clouding hopes for a Hormuz deal.
#Earnings
Live updates:
The Trade Desk stock plummets on earnings miss, Oklo jumps on 'criticality' milestone
https://finance.yahoo.com/markets/live/earnings-live-updates-130425228.html
Live updates:
The Trade Desk stock plummets on earnings miss, Oklo jumps on 'criticality' milestone
https://finance.yahoo.com/markets/live/earnings-live-updates-130425228.html
Yahoo Finance
Earnings live updates: Marriott stock falls as Middle East drags, Trump brothers-backed American Bitcoin swings to loss
Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.