WEBVTT - Minimax Surges, M3 Slumps, DBS Climbs 

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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>The stocks on the move today in Aita. I'm Stephen

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<v Speaker 1>Cara with Carline Hapker and joining us now is our

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<v Speaker 1>market supporter Anthony Stevens. And so let's start them with

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<v Speaker 1>the Chinese AI companies. Getting a post from a couple

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<v Speaker 1>of different factors this morning. What's going on?

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<v Speaker 3>Yeah, So Mini Max, for example, is one of the

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<v Speaker 3>Chinese lms that's been added to the southbound connect This

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<v Speaker 3>is the avenue via the Asia investors can invest in

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<v Speaker 3>Hong Kong, and they tend to be quite aggressive, and

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<v Speaker 3>you're seeing that in the stock was up seventeen percent

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<v Speaker 3>and was up around twenty percent. Now it's up sixteen Jupu.

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<v Speaker 3>Its competitor is also up fifteen percent.

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<v Speaker 4>Now.

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<v Speaker 3>Adding to the flow pressure is the fact that the

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<v Speaker 3>Chinese lms have started charging money increasingly more money for

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<v Speaker 3>their models. So we had price increases from Deep Sea,

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<v Speaker 3>followed by reports that Ali Baba might charge large consumers

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<v Speaker 3>for its AI models as well. This comes as there's

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<v Speaker 3>been some concern of token prices really sliding into the

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<v Speaker 3>lows of twenty twenty six. So it's really encouraging that

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<v Speaker 3>the Chinese are also putting a flow underneath pricing and

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<v Speaker 3>prepared to charge for the top end of their models.

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<v Speaker 4>Yeah, okay, so we're watching AI closely. But then there

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<v Speaker 4>have also been some earnings disappointments from some big names

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<v Speaker 4>in Japan.

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<v Speaker 3>Yeah, it's one of the biggest days for earnings in Japan.

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<v Speaker 3>Work some seven hundred plus listed companies you know I've

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<v Speaker 3>reported today, and some of the more notable names have

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<v Speaker 3>been on the downside. So in the medical equipment space,

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<v Speaker 3>there have been two disasters back to back, M three

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<v Speaker 3>and Fujifilm. Fujifilm is of course a well known photography name,

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<v Speaker 3>but that it makes the most of its money now

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<v Speaker 3>in medical equipment, and they've both had record drops of

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<v Speaker 3>around seventeen percent after both earnings and growth forecasts missed.

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<v Speaker 3>So it'll be interesting to see where the investors stick

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<v Speaker 3>with this space, especially with the AI interruptions that are coming. Lastly,

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<v Speaker 3>laser Tech, which is in the AI space, is also

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<v Speaker 3>down around thirteen percent. Laser Tech makes testing equipment for semiconductors.

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<v Speaker 3>This space is also under pressure from Chinese competition, presumably

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<v Speaker 3>to follow as China moves up the value curve. So

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<v Speaker 3>it'll be interesting to see whether the people can maintain

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<v Speaker 3>their risk capitite in this space. So Japan seeing a

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<v Speaker 3>lot of earnings dispersion. We've been talking about a lot

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<v Speaker 3>of double digit moves after earnings, and let's see where

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<v Speaker 3>the people stick with the winners and continue to cut

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<v Speaker 3>the losers.

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<v Speaker 1>Okay, Well, they've also been watching banks in Singapore, the

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<v Speaker 1>country ceridifying its status as a wealth management hub.

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<v Speaker 3>Yeah, Singapore is a bit of a reputation for being

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<v Speaker 3>a dull country in terms of their equity market, but

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<v Speaker 3>the banks have quietly put up some really good numbers. OCBC,

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<v Speaker 3>for example, is up fifty two percent on the year,

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<v Speaker 3>and after earnings is up three percent and moving to

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<v Speaker 3>a new record that is more than the costpi's index

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<v Speaker 3>return a year. Today. It's bigger peer, DBS is also

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<v Speaker 3>up around one and a half percent after very strong earnings.

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<v Speaker 3>That stock is up around twenty thirty five percent on

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<v Speaker 3>the year. And one of the things they talked about

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<v Speaker 3>during earnings is the interesting aspect of combining AI and

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<v Speaker 3>wealth management. So these guys are really ahead of the

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<v Speaker 3>curve on the fintech side of things. It's a small market,

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<v Speaker 3>but it's a very lucrative market, and increasingly so as

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<v Speaker 3>the young rich start to put their money to work.

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<v Speaker 4>Yeah, that's fascinating, isn't it. Lastly, I thought, Anthony, if

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<v Speaker 4>you would on this US Japan intervention. There's been a

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<v Speaker 4>lot of focus on yen intervention and whether we might

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<v Speaker 4>see it again as the Japanese yen gives up a

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<v Speaker 4>lot of the moves that we saw as a result

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<v Speaker 4>of this kind of helping hand from Scott Bessen, and

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<v Speaker 4>it's also got the attention of Europe too.

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<v Speaker 3>Yeah, there's been a lot of intelligent people speaking about

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<v Speaker 3>the yen over the last couple of days in terms

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<v Speaker 3>of the viability of continued intervention. In the first place,

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<v Speaker 3>the US swap line repot line with Japan was unused,

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<v Speaker 3>so it appears that Japan has actually raised the money

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<v Speaker 3>themselves not use the repo line to intervene in the currency.

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<v Speaker 3>That's the first kind of mini shock. The second one

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<v Speaker 3>is that they probably run out of bullets if they

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<v Speaker 3>do it that way using their own money, because they

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<v Speaker 3>have probably another two interventions left this year, and the

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<v Speaker 3>market knows it before they lose their status as a

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<v Speaker 3>free floating currency, so they need a lot of help

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<v Speaker 3>from the US. Now, what you mentioned there about Europe

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<v Speaker 3>is the fact that the US and Japan didn't particularly

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<v Speaker 3>ask for Europe's permission and instead sold the euro against

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<v Speaker 3>the yen. So what currencies are being played against the

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<v Speaker 3>yen is also interesting, and you know, is a new

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<v Speaker 3>factor to this kind of intervention that is popping up.

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<v Speaker 3>So clearly the US wants to reduce pressure on its

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<v Speaker 3>own assets while helping the Japanese strengthen their currency. So

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<v Speaker 3>these two countries have to find kind of a productive

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<v Speaker 3>middle ground in steading up the end without causing any

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<v Speaker 3>other problems in other asset markets.

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<v Speaker 2>This Starck Mover's 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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