WEBVTT - Samsung Down, HSTECH Rises, Woodside Gains

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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>Taking some stocks on the move today in Asia. I'm

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<v Speaker 3>Caroline HEPCA JOHNI US now as Bloomberg's market supporter Anthony Stephens.

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<v Speaker 3>Good to speak to Anthony. It looks like the first

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<v Speaker 3>signs of dispersion in the tech trade in career, even

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<v Speaker 3>as we're seeing the cosp actually with a big leg

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<v Speaker 3>lower again today.

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<v Speaker 1>Yeah, and that's led by the market heavywet so Samsung

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<v Speaker 1>and Henix are down sharply here on the memory trade,

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<v Speaker 1>Bari in mind, Samsung just had results, they were excellent,

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<v Speaker 1>and then the stock proceeded to get clovered. And that

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<v Speaker 1>shows you the kind of a depth of positioning on

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<v Speaker 1>the memory trade which is getting challenged here now as

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<v Speaker 1>the you know, the the forward looking estimates of AI

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<v Speaker 1>spen is getting challenged. So on the other side of that,

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<v Speaker 1>you have a big laggart LG Electronics, which beat on

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<v Speaker 1>earnings and is getting rewarded. That's our four percent kind

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<v Speaker 1>of stemming some of the slide in the cospy. But

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<v Speaker 1>the COSPY is so heavily weighted to Samsung and Heiniz

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<v Speaker 1>at around forty percent of the index between the two

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<v Speaker 1>of them. If they fall, market can't go anyway. And

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<v Speaker 1>what is really interesting about today is where the technicals

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<v Speaker 1>are kind of meeting the fundamentals. The COSPY is very vulnerable,

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<v Speaker 1>having broken eight thousand, it's below it's fifty day moving average,

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<v Speaker 1>and it's traded through yesterday's limit down halt level, so

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<v Speaker 1>things are quite vulnerable here. Foreigners are embarking on an

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<v Speaker 1>epic selling spree twelve days in a row and at

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<v Speaker 1>one point two over one hundred billion dollars already.

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<v Speaker 3>Wow. Yeah, that is quite some move, isn't it, given

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<v Speaker 3>how much we've seen South Korea, Taiwan and other markets

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<v Speaker 3>again over the course of this year and sort of

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<v Speaker 3>overtake a lot of the European markets. How's the Hang

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<v Speaker 3>Seng Tech Index faring given Chinese AI play.

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<v Speaker 1>Yes, So Chinese ai has been the other shoe of

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<v Speaker 1>the foot on the AI trade. Right. So, the USAI

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<v Speaker 1>ecosystem has been rallying very strongly in the first half,

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<v Speaker 1>and as you mentioned, koreenta On were huge beneficiaries of that.

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<v Speaker 1>Up around fifty percent. You know, still year to date,

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<v Speaker 1>Hong Kong was the other side, and recently the Chinese

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<v Speaker 1>internet spaces started to innovate on the technological side, just

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<v Speaker 1>as it is a beneficiary on the floor rotation side.

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<v Speaker 1>So the new models from ten Cent and Mathoon have

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<v Speaker 1>been very strong, and they've also started to show discipline

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<v Speaker 1>on the cost side. So for example, Ali Baba is

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<v Speaker 1>tying up with Lazada, so Alibaba is having one of

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<v Speaker 1>its biggest moves in since twenty twenty five. It's up

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<v Speaker 1>eleven percent. Ten Cent has been strong for days on

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<v Speaker 1>end and is up again, and h steck is up.

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<v Speaker 1>The Hong Kong Index is up four percent and h

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<v Speaker 1>Steck is leading. This is a huge dispersion with COSTPI,

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<v Speaker 1>so that if you're talking about at the heights today,

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<v Speaker 1>the dispersion was ten percent on the tech trade. So

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<v Speaker 1>whether the investors will chase this dispersion further or it

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<v Speaker 1>just shakes Peaple out of equities altogether remains to be seen.

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<v Speaker 3>One cloud though, roots reporting that China might restrict access

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<v Speaker 3>to the most advanced AI models. The US and China

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<v Speaker 3>maybe following down the same path here.

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<v Speaker 1>So speaking to traders, what's interesting is the reaction function

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<v Speaker 1>to that news. People are surprised that China thinks that

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<v Speaker 1>its models are good enough to get from people in

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<v Speaker 1>the first place, So that has been actually taken really positively.

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<v Speaker 1>One of the names that is in that kind of

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<v Speaker 1>consultation Jupu two P five one three h K that's

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<v Speaker 1>up eighteen percent today after its lockup expired. So normally

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<v Speaker 1>when a huge lockup expires, that's pretty negative for the stock.

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<v Speaker 1>But you had the holders of the stock come out

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<v Speaker 1>and say they would hold their lockup shares, and then

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<v Speaker 1>you had this reaction to the Chinese headline where it's

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<v Speaker 1>got this one company up very strongly, and that's seen

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<v Speaker 1>as a bellweather for China's AI ecosystem overall.

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<v Speaker 3>Yeah, apparently according to that I reported, it was the

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<v Speaker 3>Chinese Commerce Ministry speaking to Ali Baba, Byte Dance and.

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<v Speaker 2>Z dot Ai.

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<v Speaker 3>That's yeah, exactly, yeah, jope exactly. In terms of oil price,

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<v Speaker 3>it's just a quick thought on that os is rising.

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<v Speaker 3>Does that have an impact on stocks? Obviously this revocation

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<v Speaker 3>of the waiver allowing new sales of Iranian oil, that

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<v Speaker 3>does have an impact, doesn't it.

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<v Speaker 1>Look in terms of the oil impact, it's more putting

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<v Speaker 1>extra macro pressure on what is already a teetering trade

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<v Speaker 1>as far as the semiconductor space is concerned. So semiconductor

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<v Speaker 1>and AI investment in the US is by nature a

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<v Speaker 1>long duration trade. People are borrowing money, like Amazon, for example,

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<v Speaker 1>to build out data centers far into the future, and

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<v Speaker 1>you know they need rates very hardly anchored for that.

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<v Speaker 1>Any flare up in inflation expectations from oil pressures that

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<v Speaker 1>at the margin. But for now, in terms of Asian markets,

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<v Speaker 1>no one is really talking about oil as a primary driver.

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<v Speaker 1>We're still in the tech driving.

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<v Speaker 2>Stenter this stock mover's report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest s roundup

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<v Speaker 2>of companies making news on Wall Street and for the

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