WEBVTT - BHP Rises, Tokyo Electron Down, Alibaba Up

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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 3>Now let's take a look at some of the stocks

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<v Speaker 3>on the move in Asia today. I'm Lizzie Burden with

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<v Speaker 3>Stephen Carroll and we're joined by a Bloomberg Markets reporter,

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<v Speaker 3>Anthony Stephens. Anthony, goodwarning to you. So I want to

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<v Speaker 3>start in Australia because we've had earnings from the mining

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<v Speaker 3>giant PHP.

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<v Speaker 1>Yeah, BHP is a bit of a change here. They

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<v Speaker 1>are benefiting from a copper rally as copper overtakes iron

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<v Speaker 1>O within its business, so this is a bit of

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<v Speaker 1>a c change for the world's largest miner. It's up

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<v Speaker 1>two point eight percent. The market liking that kind of

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<v Speaker 1>AI read through as opposed to the iron ore story,

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<v Speaker 1>which is very linked to the Chinese property downturn, so

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<v Speaker 1>a bit more sustainable footing. And then in the medical space,

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<v Speaker 1>we have two big winners in Australia. CSL is up

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<v Speaker 1>eighteen percent as they touch some new new drug developments

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<v Speaker 1>and Planner reset quarter as they call it. And then

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<v Speaker 1>Cochlear is up seven and a half percent. This long

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<v Speaker 1>suffering maker of hearing aids finally seems to be turning

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<v Speaker 1>the cornery just by getting more operational efficiency out of

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<v Speaker 1>the company, even though their broader DM market share is falling.

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<v Speaker 4>Yeah, I mean, look, it's a really interesting one to

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<v Speaker 4>watch and we'll be keeping an eye on their shares,

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<v Speaker 4>their London listed shares a little bit later on today

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<v Speaker 4>as well. Going to go to Japan next though. We've

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<v Speaker 4>been talking about the rates pressure on the long end

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<v Speaker 4>of the curve. That's happening of course throughout the world,

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<v Speaker 4>but how is this feeding into tax stocks in Japan.

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<v Speaker 1>Yeah, Japan's an interesting one where not only is there

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<v Speaker 1>pressure on the long end of the curve like the

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<v Speaker 1>rest of the world, as you say, there's also pressure

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<v Speaker 1>on the short end of the curve. The Bank of

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<v Speaker 1>Japan needs to increase interest rates fairly soon ish to

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<v Speaker 1>stem the slide in the end, and the market is

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<v Speaker 1>betting that they will do so. We saw that in

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<v Speaker 1>the five year auction of jgb's today as well, and

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<v Speaker 1>that pressure is coming through on the tech space. You're

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<v Speaker 1>pricing in higher short term in Japan. That makes tech

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<v Speaker 1>in Japan harder to trade versus Tech elsewhere in the

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<v Speaker 1>region and in the US for example, and that's hurting

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<v Speaker 1>the shares of the likes of Advances, Tokyo, Electron, Murata

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<v Speaker 1>and some of these higher beta names like Yorkshire which

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<v Speaker 1>was which is completed quite a u turn in tradates

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<v Speaker 1>down almost nine percent from quite a strong.

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<v Speaker 3>Open and answer what's the latest on the AI trade,

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<v Speaker 3>because we've got Ali Baba and buy Do earnings coming up.

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<v Speaker 1>Yeah, so Alibaba is off to the races here. It's

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<v Speaker 1>pulling away from the other AI plays as it establishes

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<v Speaker 1>kind of twin verticals between selling their tokens on open

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<v Speaker 1>benchmark format and getting a lot of money through the

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<v Speaker 1>door on the cloud computing side of things. So there's

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<v Speaker 1>a lot more optimism on the Ali Baba earnings than

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<v Speaker 1>there was on Tencent, and definitely a lot more optimism

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<v Speaker 1>than ahead of by Do earnings. By Do has basically

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<v Speaker 1>gone through a decade long slide in losing search market share,

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<v Speaker 1>not only to domestic players, but now it faces the

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<v Speaker 1>prospect of lou using search market share to AI, and

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<v Speaker 1>Bydo's AI initiatives have been kind of sputtering and we

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<v Speaker 1>haven't heard much of them after they initiate. Initially, st

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<v Speaker 1>had a lot of success with the chatbots that are

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<v Speaker 1>closed model, so it's one of China's few closed model

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<v Speaker 1>ecosystems that's really quite good. But it's against the grain

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<v Speaker 1>of how China is going in that space, so quite

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<v Speaker 1>a bit of divergence there, and in terms of big

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<v Speaker 1>cap AI it's neither here nor there. Today it's treading flat.

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<v Speaker 1>Heinez and SoftBank quite weak at the moment at the

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<v Speaker 1>down about percent, but they started the super strong. They

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<v Speaker 1>were four to five percent. About us selling off under

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<v Speaker 1>the pressure of this higher yield.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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