Tuesday 25 Aug 2026 — all markets open (no US/SG holidays, not a weekend). Asia trades mixed: the STI grinds toward record territory (+0.37%), Hong Kong is flat-to-lower (-0.26%), while China stages a high-volume stabilisation attempt (CSI 300 +0.67% on ~5x average volume). Crypto remains the standout momentum pocket with Fear & Greed at 74/100 – Greed (rising) and BTC +3.5% on the day — but RSI readings are extremely stretched. Key event risk: NVDA Q2 FY27 results tomorrow after the US close.
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|---|---|---|---|---|
| STI (SG) | 5,701.59 | +0.37% | 65.1 | +95.30% | Bullish |
| S&P 500 (US) | 7,652.86 | -0.28% | 41.3 | +89.10% | Neutral |
| HSI (HK) | 25,449.74 | -0.26% | 48.5 | +52.90% | Neutral |
| Shanghai Comp (CN) | 3,887.28 | +0.14% | 48.0 | +29.40% | Neutral |
| CSI 300 (CN) | 4,559.64 | +0.67% | 29.3 | +99.80% | Bearish |
Singapore is the clear leader — STI at 95% of its 52-week range with RSI 65, while the S&P 500 (89% of range) is consolidating after a pullback (RSI 41.3). China is the laggard: Shanghai Comp sits at only 29% of its range with a death cross, though today’s ~5x volume surge in both Shanghai and CSI 300 suggests heavy churn at oversold levels (CSI 300 RSI 29.3). HK sits in the middle (HSI 53% of range, RSI 48.5). Divergence is the theme: SG leads, US cools, China/HK test bottoms.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| DBS | 76.07 | +0.67% | 62.3 | +0.64 | +0.85% | +6.40% | +24.62% | +93.30% |
| OCBC | 31.10 | +0.58% | 74.9 | +0.45 | +2.67% | +10.90% | +36.33% | +95.10% |
| UMS | 2.69 | +1.13% | 62.8 | +0.61 | +5.72% | +4.52% | +43.97% | +78.30% |
| Sheng Siong | 3.20 | +0.31% | 45.7 | +0.29 | -1.28% | -1.74% | +9.71% | +81.90% |
| HSTECH | 0.73 | -3.84% | 21.4 | +0.86 | -5.04% | -3.42% | -11.52% | +9.80% |
Banks remain the engine: DBS (+0.67%) and OCBC (+0.58%) are riding record H1 results (reported 5–7 Aug) — OCBC RSI 74.9 is approaching overbought and both trade at 93–95% of their 52-week ranges. UMS rose +1.13% but prints a death cross (MA20<MA50) while still +44% above its MA200 — a momentum-vs-trend conflict. Defensives are quiet: Sheng Siong +0.31% on just 0.29x volume (thin tape). HSTECH is the standout loser: -3.84%, RSI 21.4 (deeply oversold), 9.8% of its 52-week range — SG tech is out of favour while cyclicals/banks lead. Cross signals: DBS/OCBC/HSTECH golden, UMS/Sheng Siong death.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| NVDA | $208.48 | -2.91% | 35.2 | +1.28 | -2.48% | +0.40% | +6.73% | +61.30% |
| AAPL | $310.34 | +0.32% | 49.1 | +0.77 | -0.85% | -0.05% | +10.17% | +71.40% |
| TSLA | $348.95 | -3.83% | 64.8 | +1.01 | +5.70% | -4.36% | -13.38% | +25.60% |
| MCHI | $54.93 | -1.31% | 40.9 | +0.64 | -0.97% | +1.98% | -5.41% | +28.90% |
The US tape is soft into earnings: NVDA -2.91% on 1.28x volume with RSI 35.2 — de-risking ahead of tomorrow’s Q2 print; it still holds above MA50 (+0.4%) and MA200 (+6.7%), so this is a pre-event pullback, not a broken trend. TSLA -3.83% keeps its downtrend (death cross, -13.4% below MA200). AAPL is the most neutral name (RSI 49.1, flat vs MA50). MCHI -1.31% mirrors China weakness. The S&P 500 (RSI 41.3) has cooled from highs — a healthy reset, but NVDA’s print is the near-term direction-setter for the whole complex.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| BYD | HK$91.85 | -1.02% | 57.1 | +0.55 | +0.27% | +6.02% | -3.67% | +41.40% |
| Alibaba | HK$113.70 | +1.07% | 35.3 | +0.41 | -6.64% | +1.50% | -15.79% | +25.70% |
Hong Kong is treading water (HSI -0.26%, RSI 48.5, mid-range). Alibaba (+1.07%) is the contrarian watch: after June-quarter results (20 Aug, revenue +9% YoY) it is oversold (RSI 35.3) and -15.8% below its MA200, yet a golden cross (MA20>MA50) hints a base is forming — a mean-reversion candidate if China sentiment firms. BYD is steadier (RSI 57.1, +6% above MA50) but below its MA200 (-3.7%). Both names sit well below 52-week highs — HK lacks SG’s momentum; treat dips as accumulation candidates, not trends.
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|---|---|---|---|---|---|---|---|
| BTC | $80,510.65 | +3.54% | 90.3 | +1.15 | +19.12% | +22.93% | +16.52% | +33.30% |
| ETH | $2,503.38 | +1.61% | 87.4 | +0.93 | +22.09% | +29.38% | +24.52% | +30.60% |
| DOGE | $0.09 | -0.99% | 86.3 | +0.71 | +22.99% | +26.18% | +3.57% | +10.30% |
Crypto is in full risk-on mode but technically overextended: BTC RSI 90.3, ETH 87.4, DOGE 86.3 after a monster month (+27% BTC, +35% ETH, +32% DOGE). Note BTC is still only 33% of its 52-week range — this is a powerful recovery leg from the 126k-to-58k drawdown, not a new high. Fear & Greed at 74 (Greed, rising) confirms hot sentiment but not yet blow-off extremes (90+). Momentum is real, but with price 19–23% above the MA20, a sharp mean-reversion is the base case: trail stops, don’t chase. Bounce potential after any dip remains high given the golden crosses on all three majors.
USD/SGD 1.2710, -0.57% on the day — the SGD is firming against the USD, consistent with MAS’s strong-SGD policy stance and risk-on Asia flows. CNY/SGD 0.1886 is little changed. Portfolio impact: SGD strength trims the SGD value of unhedged USD and HKD holdings (HKD is USD-pegged), so headline USD gains in the US book are slightly reduced in home-currency terms. No action needed, but it reinforces holding SGD cash/STI exposure and favours SGD-hedged or SGD-income assets at the margin.
A two-speed market. Momentum is concentrated in Singapore banks (DBS/OCBC at 93–95% of 52-week range post-record results) and crypto (all three majors overbought at RSI 86–90 after a powerful recovery leg). Risk appetite is absent in China (death crosses, CSI 300 RSI 29.3), HK tech (Alibaba 35.3) and US megacap tech ahead of NVDA’s print. The ~5x volume spike in Shanghai/CSI 300 is the most interesting anomaly — unusually heavy turnover at oversold levels can mark the start of accumulation, but one day is not a signal. Net: froth is in crypto, value is being tested in China/HK tech, and the US is a coin-flip into NVDA earnings.
The STI is the standout — near record highs on record bank earnings (DBS/OCBC at 93–95% of their 52-week range) — while China and HK tech remain oversold and US megacaps consolidate ahead of NVDA’s earnings tomorrow after the close. Crypto is violently overbought (RSI 86–90) after a +27–35% monthly surge: trim into strength and use trailing stops rather than adding. Treat the ~5x volume CSI 300 churn as an early accumulation watch item, but wait for momentum confirmation. SGD strength (-0.57% vs USD) slightly trims the SGD value of USD/HKD holdings. Net: hold SG banks, de-risk crypto, and stay patient on China tech until the tape confirms.