Tech Rout Pushes China Stocks to Brink of Bear Market | 6/11/2026

Watch on YouTube ↗  |  June 11, 2026 at 06:56  |  1:32:12  |  Bloomberg Markets
Speakers
Anthony Stevens — Bloomberg Market Producer
Jing Sima — Chief Investment Strategist, BCA Research
Thu Ha Chow — Head of Content, The Block
Yee Wei Share — Metals Reporter, Bloomberg
Yvonne Man — Head of APAC, CoinDesk
Brian Fowler — Senior Editor, Bloomberg
Julie Ryan — Bloomberg Opinion Columnist
Francis Chan — Bloomberg Intelligence senior analyst for banking and fintech

Summary

The show covers a tech-driven selloff pushing Chinese stocks toward a bear market, with geopolitical risk from US-Iran strikes and the upcoming SpaceX mega-IPO adding pressure. Guests provide actionable views including avoiding Chinese offshore equities, buying quality AI hardware, bullish gold, US Treasury curve positioning, and watching El Niño impacts on soft commodities.

  • US launches fresh strikes on Iran, raising oil prices and geopolitical risk.
  • US inflation rises to a three-year high but core CPI moderates.
  • SpaceX IPO pricing is imminent with demand four times oversubscribed.
  • Hang Seng and MSCI China approach bear market amid tech rout.
  • BCA Research strategist is bearish on China offshore equities and bullish on onshore infrastructure.
  • Robeco fixed income head is constructive on short-end US Treasuries and watching Indonesia.
  • Gold breaks 200-DMA, near-term bearish but long-term bullish case intact.
  • El Niño declared, threatening soft commodity yields and adding inflation risk.
Ideas
Anthony Stevens Bloomberg Market Producer 9:43
Gold targets 4000 after DMA break.
Gold is forming a bearish pattern with lower lows and lower highs, breaking technical support, and investors should not buy the dip in the near term, though the long-term bullish case remains intact.
GLD MED
Anthony Stevens Bloomberg Market Producer 10:13
Buy SK Hynix and TSMC for quality.
During the tech selloff, investors are gravitating to quality AI hardware with strong cash flow, specifically rushing back into memory names like SK Hynix and TSMC, while avoiding speculative AI with dreamlike valuations.
000660.KS TSM MED
Jing Sima Chief Investment Strategist, BCA Research 27:25
Avoid MSCI China on weak consumption.
Downgraded Chinese offshore equities due to heavy weight of consumer-facing e-commerce, no meaningful policy support for consumption, and weak consumer fundamentals; maintaining the underweight call.
MCHI HIGH
Jing Sima Chief Investment Strategist, BCA Research 29:38
Avoid Chinese AI; no monetization yet.
Chinese AI companies are still emerging, lacking monetization and profitability compared to Korean, Taiwanese and US peers, and the global AI CapEx cycle may moderate, making them less attractive.
Chinese AI sector MED
Jing Sima Chief Investment Strategist, BCA Research 32:05
Buy China onshore infrastructure stocks.
Shifting away from AI darlings into infrastructure-related stocks, raw materials, and industrials, expecting a step-up in infrastructure investment in the second half.
China onshore infrastructure sector MED
Jing Sima Chief Investment Strategist, BCA Research 33:21
Buy China onshore for lower volatility.
Onshore China markets offer lower volatility and a stable RMB, making them a good hedge for global investors during risk-averse periods.
ASHR MED
Thu Ha Chow Head of Content, The Block 51:24
Buy 2-5 year US Treasuries.
The short end of the US curve has peaked with no rate hikes expected soon, so she is constructive on the 2-5 year part of the Treasury curve.
US 2-5 year Treasury notes MED
Thu Ha Chow Head of Content, The Block 53:22
Watch Indonesia bonds for turnaround.
Indonesia is beginning to show signs of a turnaround as policymakers address confidence issues, but is not yet fully convincing, so the market is being watched for further improvement.
Indonesia government bonds LOW
Yvonne Man Head of APAC, CoinDesk 85:24
Watch soft commodities on El Nino risk.
El Nino has officially formed and historically reduces yields of soft commodities like palm oil, coffee, cocoa, cotton, wheat and rice, potentially adding to inflationary pressures and raising prices.
Soft commodities (wheat, coffee, cocoa, cotton) LOW
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This Bloomberg Markets video, published June 11, 2026, features Anthony Stevens, Jing Sima, Thu Ha Chow, Yvonne Man discussing GLD, 000660.KS, TSM, MCHI, Chinese AI sector, China onshore infrastructure sector, ASHR, US 2-5 year Treasury notes, Indonesia government bonds, Soft commodities (wheat, coffee, cocoa, cotton). 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anthony Stevens, Jing Sima, Thu Ha Chow, Yvonne Man  · Tickers: GLD, 000660.KS, TSM, MCHI, Chinese AI sector, China onshore infrastructure sector, ASHR, US 2-5 year Treasury notes, Indonesia government bonds, Soft commodities (wheat, coffee, cocoa, cotton)