Eva Daily Market Brief — Saturday 11 October 2026

Weekend edition: US and HK closed Friday on a quiet note; AU ended Friday with mixed tone — ASX 200 up 0.6% to 8,716, but the uranium complex took another leg lower with no obvious single news trigger beyond Boss Energy's Honeymoon downshift.

🇦🇺 AU

• ASX 200 +0.64% to 8,716.60; ASX Ordinaries +0.62% to 8,877.70
• BHP (BHP) +0.4% to $60.94; CBA (CBA) +0.8% to $149.29 — big caps steady into the weekend
• Uranium names continuing to bleed: PDN (PDN) −3.7% to $8.39, now at December 2025 lows; DYL (DYL) −7.1% to $0.98 off the back of Deep Yellow's CEO saying nuclear reactors in Australia won't happen; BOE (BOE) −9.9% to $1.36 after warning its Honeymoon ore body is lower grade than expected
• Broader uranium selloff was indiscriminate — Sunrise Energy −11%, Peninsula Energy −10.8%, Bannerman −7.3%

🌏 HK

• Hang Seng +1.79% to 24,211.35
• Xiaomi (HK.01810) surged +9.7% to HK$25.96 — best performer on the index
• Tencent (HK.00700) +3.3% to HK$424.80
• Alibaba (HK.09988) +2.6% to HK$107.00
• Meituan (HK.03690) +3.0% to HK$71.50

🇺🇸 US

• SPY (SPY) +0.60% to 778.57, QQQ (QQQ) +0.49% to 751.27
• TSLA (TSLA) +2.05% to 382.70, NVDA (NVDA) −0.52% to 229.28
• Gold USD (GLD) +1.57% to 384.58; 20yr Treasury (TLT) +0.14% to 77.98

📊 Context

• SpaceX spectrum deal hit US telecoms on Friday — T-Mobile −13%, AT&T −9.8%, Verizon −8.8%
• S&P 500 closed Friday at 7,811.54 (+0.59%), Nasdaq 27,366.17 (+0.64%) — fourth straight weekly gain for the Nasdaq
• Gold futures ended the week at ~$4,220/oz after a 1.5% pop on Friday
• FT report earlier in the week put OpenAI annualized revenue near $50B vs the $70B widely assumed — that's still the main drag on AI sentiment going into next week

🎯 Eva's Read

Uranium is the story for the desk. BOE (BOE) −10%, DYL (DYL) −7%, PDN (PDN) −4% — the whole complex sold off with no single catalyst other than Boss's guidance. These are not drift moves, they're structural repricings. For long-term CHESS holdings that is fine to sit through; for anything on trend/stop management it is a different story. Worth a fresh eyes session Monday before any averaging-down decisions — sentiment is still aimed lower and there's no sign of a bid.