1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,239 --> 00:00:17,800 Speaker 1: Let's take a look at some stocks on the move 5 00:00:17,840 --> 00:00:20,200 Speaker 1: today in Asia. I'm Stephen Carroll and I'm joined by 6 00:00:20,239 --> 00:00:24,520 Speaker 1: Bloomberg's equities reporter Winnie Sue for more. Good morning. Let's 7 00:00:24,520 --> 00:00:27,640 Speaker 1: start then in South Korea, the chip makers s Kehinnix 8 00:00:27,680 --> 00:00:29,840 Speaker 1: and Samsung sing a huge rebound today. 9 00:00:30,920 --> 00:00:33,479 Speaker 3: Yeah, there's clearly a lot going on for these stocks 10 00:00:33,479 --> 00:00:36,760 Speaker 3: when you see that these names jumping by twenty five 11 00:00:36,800 --> 00:00:41,360 Speaker 3: percent to thirty percent ish and lots of different factors. First, obviously, 12 00:00:41,400 --> 00:00:44,640 Speaker 3: from the broader perspective, you have these solid earnings from 13 00:00:44,760 --> 00:00:49,479 Speaker 3: US hyperskeaters and the measures by the South Korean authorities 14 00:00:49,520 --> 00:00:53,720 Speaker 3: to curb retail investors buying of the leverage ETFs, and 15 00:00:53,800 --> 00:00:57,840 Speaker 3: that's why we're also seeing from a positioning perspective that 16 00:00:57,840 --> 00:01:02,279 Speaker 3: that has driven lots of the the leveraging process to 17 00:01:02,320 --> 00:01:06,000 Speaker 3: be pretty much wiped out already. JP Morgan and Goman 18 00:01:06,080 --> 00:01:09,880 Speaker 3: Sex both saying that we're getting close to that the 19 00:01:09,959 --> 00:01:12,959 Speaker 3: leveraging process to an end, and that is why the 20 00:01:13,080 --> 00:01:17,120 Speaker 3: setup right now looks a bit cleaner and more attractive. Now. 21 00:01:17,640 --> 00:01:21,520 Speaker 3: With that being said, when you look at just Skhnex specifically, 22 00:01:21,600 --> 00:01:24,360 Speaker 3: it's also been helped by this rare or even say 23 00:01:24,400 --> 00:01:28,440 Speaker 3: the very first direct share purchase by sk Group chairman, 24 00:01:28,959 --> 00:01:33,280 Speaker 3: and that boosts investors confidence for the longer term prospect 25 00:01:33,319 --> 00:01:37,639 Speaker 3: of the company that the executives are also very positive about. 26 00:01:38,000 --> 00:01:41,720 Speaker 3: Now you just we also have the you know, the 27 00:01:41,760 --> 00:01:46,119 Speaker 3: hedge fund situational awareness which have been which has been 28 00:01:46,200 --> 00:01:49,640 Speaker 3: offloading a big chunk of its AI stocks, and that 29 00:01:49,760 --> 00:01:54,040 Speaker 3: also includes sk Heinex. And because we're seeing an end 30 00:01:54,080 --> 00:01:57,800 Speaker 3: to this, that mostly also suggests that we are getting 31 00:01:57,840 --> 00:02:01,480 Speaker 3: close to how the selling pressure is easy and finding 32 00:02:01,520 --> 00:02:02,360 Speaker 3: a floor to it. 33 00:02:03,520 --> 00:02:06,120 Speaker 1: Okay, So that's on those big moves we're seeing in 34 00:02:06,160 --> 00:02:09,680 Speaker 1: South Korea. Meanwhile, you're watching Asian data center stocks after 35 00:02:09,680 --> 00:02:11,120 Speaker 1: the latest TACH earnings in the US. 36 00:02:12,000 --> 00:02:15,120 Speaker 3: Yeah, that's also very exciting. We're looking at not just 37 00:02:15,200 --> 00:02:18,920 Speaker 3: the data centers which the AI build out will need, 38 00:02:18,960 --> 00:02:22,600 Speaker 3: but also the cloud names, the likes of Alibabba for example, 39 00:02:22,600 --> 00:02:26,600 Speaker 3: which also uses AI. So what's interesting this time when 40 00:02:26,639 --> 00:02:29,799 Speaker 3: it comes to hyperscat results, it's the results from Microsoft 41 00:02:29,840 --> 00:02:33,840 Speaker 3: and Amazon, They both show that they are very committed 42 00:02:33,880 --> 00:02:37,120 Speaker 3: to the KPEX plants, but it's not just the KPEX. 43 00:02:37,160 --> 00:02:40,960 Speaker 3: The key point is that these KPEX is finally paying off. 44 00:02:41,520 --> 00:02:45,440 Speaker 3: The AI monetization that we've been waiting for is finally happening, 45 00:02:45,480 --> 00:02:49,560 Speaker 3: with Amazon reporting cloud computing revenue accelerated for a fifth 46 00:02:49,800 --> 00:02:54,240 Speaker 3: straight quarter and Microsoft similarly fastest cloud growth in four years. 47 00:02:54,560 --> 00:02:58,240 Speaker 3: So that goes to show how the dynamics is really changing. 48 00:02:58,520 --> 00:03:01,760 Speaker 3: So far, we have been all most always talking about 49 00:03:01,760 --> 00:03:06,280 Speaker 3: this AI supply chain slash AI kpex trade, but things 50 00:03:06,600 --> 00:03:09,320 Speaker 3: it seems like things are becoming more balanced right now 51 00:03:09,400 --> 00:03:14,920 Speaker 3: when you're seeing also hyperscalters being able to generate such returns, 52 00:03:15,160 --> 00:03:17,600 Speaker 3: and that is what's going to make the KPEX more 53 00:03:17,639 --> 00:03:21,960 Speaker 3: sustainable and that this more healthy cycle is likely to emerge. 54 00:03:22,040 --> 00:03:25,600 Speaker 3: So that's kind of what's boosting the overall sentiment from 55 00:03:25,840 --> 00:03:30,200 Speaker 3: the upstream to the downstream of AI names today in Asia. 56 00:03:30,639 --> 00:03:33,359 Speaker 1: Okay, and you're watching Sony as well in Japan reversing 57 00:03:33,400 --> 00:03:35,200 Speaker 1: losses after its earnings. 58 00:03:35,440 --> 00:03:38,880 Speaker 3: Yeah, exactly. The earnings came out pretty positive. The company 59 00:03:38,960 --> 00:03:43,280 Speaker 3: raised operating profit to above analyst estimate, and also the 60 00:03:43,360 --> 00:03:46,840 Speaker 3: quarterly revenue was above estimate as well. That's thanks to 61 00:03:47,320 --> 00:03:50,680 Speaker 3: the growth in their content business, which has been under 62 00:03:50,720 --> 00:03:53,520 Speaker 3: a bit of a skepticism when it comes to how 63 00:03:53,760 --> 00:03:58,240 Speaker 3: there is some competition from the proliferation of AI generated content, 64 00:03:58,680 --> 00:04:01,720 Speaker 3: and on top of that you have the weekend supporting 65 00:04:01,880 --> 00:04:06,200 Speaker 3: and the refund of US tariffs are also quite helpful. 66 00:04:06,520 --> 00:04:09,920 Speaker 3: So you see that reversal of its losses. But when 67 00:04:09,960 --> 00:04:13,680 Speaker 3: you compare that to its peers in terms of exporters, 68 00:04:13,920 --> 00:04:17,880 Speaker 3: the likes of Toyota and Nintendo really struggling today because 69 00:04:17,880 --> 00:04:20,960 Speaker 3: how the yen has weekend by the most in two 70 00:04:21,000 --> 00:04:25,720 Speaker 3: years overnight because of these interventions and the US rate checks, 71 00:04:25,839 --> 00:04:28,599 Speaker 3: while we did see yin actually pairrying back some of 72 00:04:28,640 --> 00:04:32,159 Speaker 3: those losses following the Bank of Japan the decision to 73 00:04:32,240 --> 00:04:33,760 Speaker 3: keep rates steady. 74 00:04:34,640 --> 00:04:38,640 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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