Oil Climbs as US Strikes Iran Targets | The Asia Trade 5/26/2026

Watch on YouTube ↗  |  May 26, 2026 at 04:28  |  1:34:56  |  Bloomberg Markets
Speakers
Vasu Menon — Managing Director of Investment Strategy, OCBC
Anthony Stevens — Bloomberg Market Producer

Summary

The video covers Asian market reactions to US-Iran tensions, with oil prices declining on hopes of a Strait of Hormuz deal while military strikes continue. Tech-driven momentum in South Korea, Japan, and Taiwan dominates, with Chinese chip stocks rallying on Huawei's breakthrough. A guest from OCBC provides bullish views on China/Hong Kong, Singapore equities, and gold, citing policy support and dollar weakness. Other segments discuss Japan's supplementary budget, New Zealand's housing downturn, and Australia's tax reforms.

  • Oil prices fall on optimism over US-Iran negotiations, but strikes on Iranian vessels add uncertainty.
  • Asian tech and robotics stocks continue to rally, with South Korea and Taiwan leading.
  • Chinese chip stocks surge after Huawei announces a new method to narrow the gap with TSMC.
  • South Korea prepares to launch first single-stock leveraged ETFs on Samsung and SK Hynix.
  • OCBC's Vasu Menon is positive on China/Hong Kong equities citing tech innovation and policy support.
  • Vasu Menon also favors Singapore equities on government reforms and attractive dividends.
  • Vasu Menon expects gold to rise to $5,500/oz over 12 months on anticipated dollar weakening.
  • New Zealand's housing market experiences a prolonged downturn amid tight monetary and fiscal policies.
Trade Ideas
Vasu Menon Managing Director of Investment Strategy, OCBC 52:34
Bullish on China and Hong Kong equities
Vasu Menon is positive on China and Hong Kong equities, citing the technology and AI sector catching up with US hyperscalers, strong government balance sheets and oil reserves to support the economy, and innovation narrowing the gap despite expensive valuations. He sees medium-term upside driven by tech innovation and domestic demand policies.
FXI Hong Kong equities MED
Vasu Menon Managing Director of Investment Strategy, OCBC 56:22
Bullish on Singapore equities
Vasu Menon is bullish on Singapore equities, highlighting government initiatives to boost the stock market, attractive valuations, high dividend yields, and the government's large balance sheet to support the economy. He expects a medium- to long-term revival driven by reforms and fund inflows.
Singapore equities MED
Vasu Menon Managing Director of Investment Strategy, OCBC 59:01
Positive on gold, target $5,500
Vasu Menon is positive on gold, forecasting a potential rise to $5,500 per ounce over the next 12 months from $4,500. The view is based on expected dollar weakness as Middle East tensions ease and risk-on sentiment returns, making gold more affordable in USD terms.
GLD MED
Up Next
26:37
Is it a Ponzi scheme or equity defense? MSTR issues 9% preferred stock to repay private loans, Bitcoin sale possibility, even war risk | Seo Dong-ju, Kim Dong-hwan, Kim Je-yi Blockmedia Editor-in-Chief [Crypto PLUS]
3PRO TV (삼프로TV) · May 26
6:03:06
[May 26th AM Broadcast Full View] New York Stock Market Continues to Rise on Expectations of Hormuz Strait Opening... Dow Index Hits Another All-Time High
3PRO TV (삼프로TV) · May 26
21:48
Will the surge continue tomorrow? Samsung, Hynix 2x leverage sortie / Hyundai Motor big boon… robot production expansion begins | Team Leader Oh Hyun-jin
815 Money Talk (815머니톡) · May 26
58:51
8,000 Points Achieved, What's Next? Is it LG Innotek and Samsung Electro-Mechanics Rather Than Samsung Electronics and SK Hynix?_26.05.26. | Kim Jong-mun, Yeo Do-eun, Heo Jae-mu [Morning N Investment
3PRO TV (삼프로TV) · May 26
19:24
PCBs have risen this much, but you're telling me to look more? | Kim Min-soo, Lemon Research CEO [Double Up]
3PRO TV (삼프로TV) · May 26

This Bloomberg Markets video, published May 26, 2026, features Vasu Menon discussing FXI, Hong Kong equities, Singapore equities, GLD. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Vasu Menon  · Tickers: FXI, Hong Kong equities, Singapore equities, GLD