WEBVTT - SK Hynix Rises, Samsung Falls, Telkom Indonesia

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today in Aita. I'm Stephen Carol with Caroline Hepker, and

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<v Speaker 1>we're joined now from Hong Kong Buyer Markets reporter Anthony

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<v Speaker 1>Stevens for more. And there's been so much going on

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<v Speaker 1>in markets this week, the US Around Deal, Kevin WASH's

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<v Speaker 1>first FED policy meeting, the Bank of Japan raising interest rates.

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<v Speaker 1>If the around deal holds, analysts say that could take

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<v Speaker 1>substantial pressure off energy costs and inflation. Where are you

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<v Speaker 1>looking at Asian markets for signs of this?

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<v Speaker 3>We're seeing signs that the investor basiness decided that tech

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<v Speaker 3>stocks may be the best place to navigate this kind

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<v Speaker 3>of cross current, right, especially if if inflation comes out

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<v Speaker 3>on input costs just a little bit. And we're seeing

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<v Speaker 3>gains in names like Yoshia advantest nicks up around five

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<v Speaker 3>to seven percent, a Highenex came off very sharply from

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<v Speaker 3>the heighs, but it's still up around two percent in Japan.

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<v Speaker 3>Kind of more niche players like cable makers that need

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<v Speaker 3>inputs from plastics and whatnot. They up around fifteen percent

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<v Speaker 3>as demand grows much stronger than inflation.

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<v Speaker 4>Well, let's also talk specifically about AI. Then the cosp

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<v Speaker 4>index rose to a record, but those gains then reversed today.

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<v Speaker 4>Why what stocks are you looking at?

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<v Speaker 3>The cosp is kind of becoming a victim of its

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<v Speaker 3>own success. So the National Pension Service had increased its

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<v Speaker 3>allocation up in January, and it's made so much money

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<v Speaker 3>that their holdings are now worth way more than their

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<v Speaker 3>maximum allocation. So they were supposed to hold around twenty

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<v Speaker 3>percent and now they hold something like thirty percent. Locals

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<v Speaker 3>are basically estimating and they need to trim a little bit.

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<v Speaker 3>That's impacting stocks like Samsung that's down two point four percent,

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<v Speaker 3>and the most speculative corners of the Korean market in robotics,

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<v Speaker 3>for example LGL Tronics and LG Inotech, which are down

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<v Speaker 3>around seven percent. So the COSPI has rolled over a

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<v Speaker 3>little bit in the PM session, driven lower by these

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<v Speaker 3>more speculative names. As the National Pension Service and the

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<v Speaker 3>domestics may have to trim at the edges. Bear in

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<v Speaker 3>mind that Korean Domestics have bought seventy seven billion dollars

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<v Speaker 3>worth from foreign selling thus far this year.

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<v Speaker 1>Now, of course it is a quieter days trading in

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<v Speaker 1>Asia with the Hong Kong and Chinese markets closed. But

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<v Speaker 1>I wonder how we're thinking about the rally and the

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<v Speaker 1>dollar and how that's feeding into equities.

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<v Speaker 3>This is giving people a lot less space to breathe

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<v Speaker 3>in markets that don't have tech, so Indonesia and India

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<v Speaker 3>being the perfect example. So Indonesia, they continue to have

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<v Speaker 3>this kind of kafaffle with MSCI, and that's impacting a

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<v Speaker 3>stock like Telecom Indonesia which is down around six and

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<v Speaker 3>a half percent, which is quite a big move for

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<v Speaker 3>a telecom company. And in India, we have the names

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<v Speaker 3>in the tech space impacted by the accenture sharp drop yesterday,

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<v Speaker 3>so for example in PUS and TCSA dot on seven percent.

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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