Daily Stock Report
Wednesday, September 02, 2026 at 08:30 SGT
1. Market Snapshot
All markets open and trading — no US or SG holidays, regular midweek session (Wed, 2 Sep). Asia leads, the US lags: the STI is up +0.97% near its 52-week high on 1.64x volume and Shanghai Comp +0.86%, while the S&P 500 slips -0.71% with RSI 30.3 (approaching oversold) on thin 0.66x volume. China shows a sharp internal divergence: Shanghai Comp +0.86% vs CSI 300 -3.60% on 4.58x volume — an abrupt large-cap shakeout, not a trend break. Crypto Fear & Greed Index at 63/100 - Greed (down from 69) as BTC/ETH cool after a strong month.
2. Market Benchmarks
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|
| STI (SG) | 5,710.37 | +0.97% | 55.0 | +95.80% | Neutral |
| S&P 500 (US) | 7,631.47 | -0.71% | 30.3 | +87.60% | Bearish |
| HSI (HK) | 25,329.73 | -0.07% | 53.2 | +50.80% | Neutral |
| Shanghai Comp (CN) | 3,979.89 | +0.86% | 56.1 | +47.00% | Neutral |
| CSI 300 (CN) | 4,611.44 | -3.60% | 26.4 | +97.60% | Bearish |
Asia is clearly leading: the STI (+0.97%, 95.8% of its 52-week range, 1.64x volume) and Shanghai Comp (+0.86%) are the standouts, while the S&P 500 (-0.71%, RSI 30.3) is the laggard — nearly oversold on light volume, an orderly pullback rather than a sell-off. The loudest divergence is inside China: Shanghai Comp rose +0.86% while CSI 300 fell -3.60% on 4.58x volume, a rotation out of mega-cap A-shares into the broader market — CSI 300 still sits at 97.6% of its 52-week range despite an oversold RSI of 26.4.
3. SGX Stocks (SGD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| DBS | 76.91 | -0.63% | 52.5 | +0.99 | +1.26% | +5.93% | +24.88% | +96.20% |
| OCBC | 31.34 | -0.57% | 47.7 | +0.88 | +1.64% | +9.18% | +35.46% | +96.70% |
| UMS | 2.57 | -3.38% | 40.8 | +1.01 | -3.11% | +0.22% | +34.85% | +72.60% |
| Sheng Siong | 3.26 | +1.24% | 64.3 | +1.34 | +1.21% | +0.20% | +11.22% | +86.00% |
| HSTECH | 0.72 | -0.27% | 31.2 | +1.02 | -4.25% | -3.70% | -11.26% | +9.10% |
Banks anchor the index near record highs: DBS (96.2% of 52W range) and OCBC (96.7%) are pausing just below all-time highs with RSI 52.5/47.7 — healthy consolidation on a golden-cross uptrend, not distribution. UMS is today’s laggard (-3.38%, RSI 40.8), giving back a slice of its +12.7% monthly surge while still holding its MA50 (+0.22%). Sheng Siong (+1.24%, 1.34x volume, RSI 64.3) shows defensive demand despite a fresh MA20/MA50 death cross. HSTECH is the sector’s weak tail — RSI 31.2, just 9.1% off its 52-week low and below all three key MAs (-4.3%/-3.7%/-11.3%) — regional tech remains unloved even as its 20/50 cross is technically golden.
4. US Stocks (USD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| NVDA | $217.44 | -1.51% | 43.5 | +0.59 | -0.73% | +4.14% | +10.89% | +73.60% |
| AAPL | $325.13 | +2.61% | 73.6 | +1.32 | +4.44% | +3.90% | +14.86% | +83.60% |
| TSLA | $356.09 | -3.22% | 57.2 | +0.95 | +3.95% | -0.77% | -11.02% | +29.10% |
| MCHI | $54.41 | -0.57% | 49.9 | +0.67 | -1.62% | +0.75% | -5.86% | +25.90% |
The S&P 500 at RSI 30.3 is the headline: just above oversold on 0.66x volume — the classic signature of a low-participation pullback, not capitulation, so a bounce is the base case but conviction is thin. NVDA (-1.51%, RSI 43.5) is consolidating post-earnings on very light 0.59x volume while holding above its MA50 — constructive. AAPL is the outlier (+2.61%, RSI 73.6, 1.32x volume): overbought, and its MA20/MA50 death cross argues the momentum is stretched. TSLA (-3.22%) is the weakest mega-cap technically — below its MA50 and -11.0% below its MA200, only 29% up its 52-week range. MCHI (RSI 49.9) sits flat, consolidating the China complex ahead of direction.
5. HKSE Stocks (HKD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BYD | HK$88.25 | +1.20% | 49.5 | +1.29 | -2.71% | +0.88% | -7.26% | +38.30% |
| Alibaba | HK$110.40 | -3.33% | 34.8 | +1.06 | -8.51% | -2.15% | -17.51% | +22.30% |
Hong Kong is rangebound at the midpoint of its 52-week range (HSI 50.8%) on elevated 1.58x volume — a market digesting its summer gains. BYD (+1.20%, 1.29x volume, RSI 49.5) is the early stabilizer: after a -7.0% month it has reclaimed its MA50 (+0.88%) with rising participation. Alibaba is the contrarian setup — -3.33% today, RSI 34.8 approaching oversold, and -17.5% below its MA200. The trend is still firmly down with no confirmed reversal, but on any stabilization this is the highest mean-reversion potential on the watchlist; wait for a reclaim of the MA20 (-8.5% away) before acting.
6. Crypto (USD)
Fear & Greed: 63/100 - Greed (down)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BTC | $77,238.24 | -1.67% | 70.0 | +1.14 | +5.57% | +13.79% | +11.19% | +28.50% |
| ETH | $2,412.78 | -2.19% | 60.8 | +1.14 | +6.13% | +18.08% | +19.03% | +27.80% |
| DOGE | $0.08 | -1.71% | 58.3 | +1.02 | +0.37% | +8.53% | -8.33% | +5.60% |
The Fear & Greed Index at 63 (Greed, down from 69) with BTC/ETH pulling back (-1.6%/-2.1%) reads as profit-taking after a strong month, not capitulation: BTC (+21.6% monthly) and ETH (+28.3%) still trade well above their MA20s (+5.6%/+6.2%) with golden crosses intact. The overbought RSIs (BTC 70.2, ETH 61.0) argue for consolidation — a drift back toward the MA20 would be healthy; a break below it would be the first real warning. DOGE is the speculative tail (5.7% of its 52-week range, below its MA200): the most bounce potential on any risk-on revival, but the least structural support if sentiment rolls over.
7. Currency Corner (SGD Perspective)
USD/SGD at 1.2735 (+0.17%) — the SGD is marginally softer today, but this is noise inside the recent tight range, roughly neutral for the portfolio: it trims a hair off SGD-based returns on US holdings while leaving SGX and HK exposure essentially unaffected. CNY/SGD at 0.189 is stable, consistent with the orderly Shanghai tape. The watch item is the oversold S&P 500: a risk-on rebound would typically strengthen the SGD (USD/SGD lower) and slightly boost the SGD value of SG/HK holdings vs US ones.
8. Key Signals
Unusual Volume (High)
- Shanghai Comp 4.99x
- CSI 300 4.58x
Near 52W High (>95%)
- CSI 300 97.6%
- OCBC 96.7%
- OCBC 96.7%
- DBS 96.2%
- DBS 96.2%
- STI 95.8%
Golden Cross (MA20 > MA50)
- Alibaba
- BTC
- BYD
- DBS
- DBS
- DOGE
- ETH
- HSI
- HSTECH
- MCHI
- NVDA
- OCBC
- OCBC
- S&P 500
- STI
- UMS
Death Cross (MA20 < MA50)
- AAPL
- CSI 300
- Shanghai Comp
- Sheng Siong
- TSLA
What the signals say in aggregate: breadth is bifurcated. The Golden Cross cluster (STI, HSI, NVDA, MCHI, BTC/ETH/DOGE, DBS/OCBC, UMS, BYD, Alibaba, HSTECH) shows most trend structures remain intact after the summer rally, while the Death Cross list (AAPL, TSLA, CSI 300, Shanghai Comp, Sheng Siong) flags where momentum has turned. The 4.99x/4.58x volume spikes in the Chinese indices are the loudest warning — distribution-style churn at the top of their ranges. The near-52W-high cluster (DBS 96.2%, OCBC 96.7%, STI 95.8%, CSI 300 97.6%) versus the near-52W-low cluster (DOGE 5.7%, HSTECH 9.1%) describes a market extended at the top and unloved at the bottom — a barbell that rewards trimming strength and watching for basing in the weak tails.
9. Earnings Calendar Alert
No watchlist ticker reports in the next 14 days (2–16 Sep 2026). Alibaba already released its June-quarter results in August; NVDA’s Q2 FY27 print (late Aug) is in the rearview and its post-earnings consolidation is the live story. Next catalysts: BYD (Oct), DBS/OCBC/UMS/Sheng Siong (Oct–Nov), AAPL & TSLA (late Oct), Alibaba (Nov). Technicals rule the tape until then.
10. TL;DR
Key Takeaway
Markets are bifurcated: Singapore and Shanghai lead (STI near 52-week highs on strong volume) while the S&P 500 slides toward oversold (RSI 30.3) and China large-caps churn on 4.6–5x volume. SG banks are the portfolio anchor near record highs — hold, don’t chase. Crypto is overbought after a +20%+ month (F&G 63, Greed): expect consolidation, so trim into strength rather than add. The actionable watches are mean-reversion candidates — Alibaba (RSI 34.8, -17.5% vs MA200) and HSTECH (RSI 31.2) — but only on confirmation of a reversal, not pre-emptively. No earnings catalysts for 14 days, so technicals rule.