06/11/2026 Fri - The election was the news. Chips paid the bill.

What is Arctos x Teddy Sin - Coffee Break, Market Take?

Every morning, in the time it takes to drink a coffee, Teddy walks through yesterday's markets: US indices, the Nikkei, gold, oil and Malaysia. What moved, and which way the pressure leans. Market education, not financial advice.

This is my AI voice. The script comes from my market research system, and a person checks it before it goes out. It's education, not personal investment advice.

Good morning. Teddy here. It's Friday, the sixth of November.

Most people thought the midterm election would move politics stocks. It didn't. It moved chips. And it moved them hard.

On Thursday, the Nasdaq 100 fell 6.36 percent. The wider Nasdaq Composite fell 5.52 percent, to 24,315. That's its worst day in about eighteen months. The S&P 500 lost 4.36 percent. The Dow lost 3.44 percent, about 1,833 points.

Why? After the Democratic sweep, investors started to worry about tighter rules on AI and on data centres. Data centres are where the AI money goes. If the building slows down, the companies selling the parts feel it first. UBS estimated that about 30 percent of planned data centre additions for 2028 could be at risk.

So the chip names took the beating. AMD fell about 17 percent. Micron fell about 17 percent. Broadcom fell about 10 percent. Nvidia fell about 9 percent. The Philadelphia chip index dropped more than 12 percent in one session.

I've been in a day like this with too much size on. I remember the feeling. You stop thinking about your plan, and you start staring at the number. That's why I keep saying it. Size your risk first. The chart can wait. Your sleep cannot.

Here's the second thing. When stocks run, money hides in three places. Bonds. Gold. And cash on the sidelines.

US Treasuries rallied. The 2-year yield dropped more than 11 basis points, to about 4.47 percent. The 10-year eased to about 4.84 percent. Gold rose about 0.7 percent, to around 4,088 dollars an ounce. And the VIX, the fear gauge, jumped almost 70 percent, to 28.

Traders also cut their bets on a December rate hike from the Fed. The chance dropped to about 70 percent, from about 83 percent the day before.

Third thing. Tonight, at 9:30 pm Malaysia time, the US releases its October jobs report. Thursday's early numbers were firm. Jobless claims came in at 189,000, lower than the 196,000 expected. But I don't have a reliable forecast for the payroll number, so I won't guess one.

What matters is the setting. A market that just dropped more than 4 percent is nervous. Nervous markets react harder to surprises. In both directions. So the pressure tonight is two-way. Not up. Not down. Two-way.

Now, Asia this morning. Remember, Asian markets closed on Thursday before the US selloff got deep. The Nikkei closed 1.79 percent lower, at 61,077. Chip equipment names like Tokyo Electron and Advantest were already down 7 to 9 percent by midday. With US chips down 12 percent overnight, the pressure into the Nikkei's 8 am open leans down.

Hong Kong was the odd one out. The Hang Seng rose 3.67 percent on Thursday, to 24,796. But that close came before the US drop.

Korea felt it first. The Kospi fell 5.28 percent. SK hynix fell about 9 percent.

At home, Bank Negara kept the OPR at 2.75 percent. The KLCI rose 1.19 percent to 1,635 on Thursday. The ringgit firmed about 0.4 percent. Palm oil went the other way. The FCPO January contract fell 2.69 percent to 4,375 ringgit a tonne. That's the lowest close since the sixth of March. A Reuters survey sees Malaysian palm stocks rising to 3.75 million tonnes. The MPOB data comes out on Tuesday, the tenth.

Quick ones. Bitcoin fell about 5.7 percent, to around 75,861 dollars. Roughly 370 million dollars of borrowed-money crypto positions were wiped out in one hour. Crypto moved like a tech stock, not like a safe place. WTI crude settled at 90.52 dollars, up 2.72 percent. Brent traded around 98 dollars. In Europe, the DAX fell 0.43 percent.

So, three things to hold today. One. The chip selloff is about rules, not earnings, and rules take time to become clear. Two. Money moved to bonds and gold, and that tells you the mood. Three. Tonight's jobs number lands on a nervous market.

Next week, watch Tuesday. MPOB data for palm oil. And US October inflation at 9:30 pm.

One thought before you go. The days that scare you are the days your rules are for. Candles. Direction. Momentum. Check your own chart. Keep your size small enough that a bad day stays a bad day, and doesn't become a bad month.

This is educational market commentary, not personal financial advice. No outcome is guaranteed. Markets carry risk of loss. Size your risk before any trade.

Survive first. See you tomorrow.