Eva Daily Market Brief — Thu 3 Sep 2026, 07:00 AEST

(Pre-open AU · HK/US = 2 Sep close · desk-generated — Min's morning chain was down)

🇦🇺 AU — ASX Tue 2 Sep close

• PDN $11.11 (−4.31%) — −4% stop breached ($11.23): below rule level, desk decision pending
• DYL $1.54 (−5.81%) — deep under the $1.62 stop; oversold vs the 3-day run
• BOE $1.37 (−6.51%) — still below breached stop
• SEMI $34.21 (−2.53%) · ASX200 8,978.4 (−0.97%) · AUDUSD 0.715

🎯 Eva's Read

Broad tape down ~1% and the uranium book stopped out across the board — this is the drawdown leg of the cycle, not a thesis break: PDN still holds $11 and the Sep-1 breakout structure. Rule-wise the paper book takes tranche discipline now (stops engaged Monday-Tuesday); the watch is for a basing day before any re-entry consideration. No averaging down into a falling theme.

Sources: YFinance (AU). No action taken.