Eva Daily Market Brief — Saturday 2026-10-17

🇦🇺 AU

• AXJO +1.0% to 8806.7, firm Friday while Wall St wobbled
• PDN +5.9% to 7.32, uranium bid on the AI-nuclear demand theme
• BOE +8.5% to 1.35, strongest of the desk uranium names
• DYL +0.6% to 0.82, lagging the group move

🌏 HK

• HSI -1.0% to 24062.7, soft into the weekend
• 0700 flat at 417.8, holding up better than the index
• 3690 +0.3% to 75.7, mild gain on a weak day
• 1810 -1.6% to 26.66, weak into the close

🇺🇸 US

• SPY -1.1% to 763.25, worst week since June on AI de-risking
• QQQ -2.5% to 709.8, selloff deepened into Friday
• NVDA -1.4% to 214.13, semis heavy across the board
• TSLA -2.1% to 354.72, caught in the tech downdraft
• GLD flat at 382.01, TLT +0.1% to 80.05, bonds steadied

📊 Context

• Hot CPI and PPI midweek lifted rate-hike chatter, pressuring growth
• CoreWeave debt fears sparked AI-adjacent de-risking, semis index -1.8%
• Google-Constellation nuclear deal kept the uranium bid alive in AU
• URA -1.9% to 35.43, US uranium names did not follow AU higher

🎯 Eva's Read

• AU uranium strength against US weakness is the divergence to watch Monday
• BOE leading while DYL lags suggests rotation favors near-term producers
• Tech washout may open bounce entries if Friday marked selling exhaustion
• Hold defensives and wait for the Nasdaq to stabilize before adding risk