WEBVTT - SK Hynix Record, SMIC Rally, ONGC Muted

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

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

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

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<v Speaker 1>Well, let's take a look at some stocks on the

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<v Speaker 1>move today in Asia. I'm Stephen Carol with Karline Hepker

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<v Speaker 1>and we're joined by our markets reporter Anthony Stevens. Anthony,

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<v Speaker 1>good to talk to you. Technology shares on the rise

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<v Speaker 1>in Asia again today? Which stocks are standing out for you?

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<v Speaker 3>Yeah, just a little bit more kind of risk capitae

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<v Speaker 3>coming back into the market. You know, after some of

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<v Speaker 3>these headlines on the Iran wallfront, you saw sk Heinex

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<v Speaker 3>up four point four percent and its subsidiary skse Square

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<v Speaker 3>up eight percent to lead the way in Korea. But

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<v Speaker 3>there's plenty of teams in Korea that are on fire,

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<v Speaker 3>including the robotics team. As LGA Electronics travels to meet

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<v Speaker 3>with Nvidia in the US, that space is up around

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<v Speaker 3>seven to eight percent across LG name groups. In Taiwan,

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<v Speaker 3>we have a much more vanilla tape. We have anything

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<v Speaker 3>to do with AI servers up to almost close to

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<v Speaker 3>limit up. So these names include ac UMC and UNI, Micron,

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<v Speaker 3>in Japan, it's a different story. The rally has kind

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<v Speaker 3>of broadened out to chip materials, so you have Ebiden

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<v Speaker 3>up seven point eight percent and JX Advanced Materials up

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<v Speaker 3>eleven point eight percent as well. So these are pretty

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<v Speaker 3>strong moves within the context of indexes that are not

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<v Speaker 3>up more than two percent.

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<v Speaker 4>Okay, So that's text dogs. You've also been writing about

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<v Speaker 4>the contrast there between Chinese markets when it comes to

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<v Speaker 4>the AI trade versus the consumer economy in China. What

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<v Speaker 4>have you picked out there?

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<v Speaker 3>Yeah, China tech is becoming a tale of two stories.

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<v Speaker 3>The hardware space is doing really well, and you have

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<v Speaker 3>names you know up three to four percent like SMI,

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<v Speaker 3>c Huahung, Montage. These are things that make the actual

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<v Speaker 3>semis and the software names which are like you know,

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<v Speaker 3>diversified ecosystem of super apps and consumers, consumer apps and

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<v Speaker 3>so on, those things aren't doing so well. The names

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<v Speaker 3>that you know really well like Ali Baba is down

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<v Speaker 3>three percent, and also other consumer plays in the tech

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<v Speaker 3>space like show me or Bid they are down three percent.

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<v Speaker 3>But one thing I really do want to note is

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<v Speaker 3>China has listed pre play AI names and these are

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<v Speaker 3>absolutely screaming higher Jupu and Minimaxa up around sixteen percent today.

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<v Speaker 1>Okay, so keeping an eye on that part of the

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<v Speaker 1>market as well. You did mention though, of course, the

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<v Speaker 1>developments in the US around talks. We do see oil

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<v Speaker 1>prices a little bit lower in trade and today Brent

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<v Speaker 1>below seventy nine dollars a barrel. Now how is that

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<v Speaker 1>playing out in the agent session?

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<v Speaker 3>Asian oil explorers are broadly mixed. I think that's because

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<v Speaker 3>a lot of the downst has been priced already and

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<v Speaker 3>now we are moving on to pricing new discoveries and

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<v Speaker 3>corporate kind of actions. So for example, sinoc is up

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<v Speaker 3>one percent, but Woodside is down one percent and ONGC

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<v Speaker 3>in India is flat, So very mixed picture. There's not

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<v Speaker 3>a lot of action in the island gas space in Asia.

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<v Speaker 3>The next leg of the catalyst will be new explorations

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<v Speaker 3>and new fields that they discover.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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