Name: Ship Attack Clouds Hormuz Outlook; Tech Stocks Selloff | Horizons Middle East & Africa 6/26/2026
Uploaded: 2026-06-26T07:38:46+00:00
Duration: 2738 s

Speakers

Eugenia Victorino — Head of Asia Strategy at SEB

Robert Lee — Senior Analyst, Bloomberg Intelligence

Matt Stanley — Kpler Market Engagement Head

Stuart Livingstone Wallace — Bloomberg Executive Director, Middle East, North Africa and Russia

Winnie Hsu — Bloomberg Reporter (Asia Markets)

Jennifer — Bloomberg Chief Africa Correspondent

Summary

Asian stocks tumbled, led by tech, after Apple raised prices due to memory chip shortages and OpenAI delayed its IPO. A ship attack in the Strait of Hormuz added geopolitical uncertainty, though oil prices remained down. SEB's Eugenia Victorino views the selloff as a buying opportunity in Korean equities, while Bloomberg's Robert Lee cautions on US tech and memory chip sustainability. Kpler's Matt Stanley sees oil markets as too complacent. Other segments covered a war crimes trial against oil bosses and Johannesburg's fiscal deterioration.

Asian tech stocks fall sharply; KOSPI down 7%, Nikkei 4%, led by Samsung, SK hynix, SoftBank.
Apple raises prices on Macs, iPads, Vision Pro to offset memory chip shortages, sparking demand concerns.
OpenAI reportedly delays IPO, weighing on SoftBank shares.
Strait of Hormuz cargo ship attacked, renewing safe passage concerns; US objects to tolls.
Eugenia Victorino (SEB) says dip in Korean equities is a buying opportunity amid AI infrastructure demand.
Robert Lee (Bloomberg) flags inflation/dollar headwinds for US tech and questions sustainability of memory chip boom.
Matt Stanley (Kpler) says oil market is too complacent on geopolitical risk, sees physical flow lag supporting prices.
Other segments covered war crimes trial of ex-oil executives and Johannesburg's financial crisis.

Ideas

Eugenia Victorino Head of Asia Strategy at SEB 9:56

Buy the dip in Korean equities.

The sharp selloff in Asian equities, particularly Korea's KOSPI, is a healthy correction after a 60% quarterly surge. The structural AI infrastructure demand story remains strong, making this a good dip-buying opportunity. The outlook is still very supportive of gains in Korea and North Asian equity markets.

Robert Lee Senior Analyst, Bloomberg Intelligence 17:21

Avoid US tech on dollar/inflation headwinds.

Rising US PCE inflation and a stronger dollar are negative for risk sentiment, particularly in the tech sector. Apple's price hikes feed into inflation concerns, making US tech vulnerable to further downside.

Robert Lee Senior Analyst, Bloomberg Intelligence 18:33

Memory chip upcycle likely unsustainable.

The memory chip upcycle and supply shortage that boosted Micron may not be sustainable. Historically DRAM is a commodity-like cyclical sector where new supply quickly emerges, causing volatility. SK Hynix and Samsung have not rerated despite strong stock performance, signaling market skepticism about the cycle's durability.

Matt Stanley Kpler Market Engagement Head 29:34

Oil market too complacent, go long.

The oil market has become too complacent, pricing out almost all geopolitical risk after the Hormuz reopening, with Brent back at pre-conflict levels. Physical flows are still recovering slowly, and the lag means oil prices may rebound as the market realizes the risk premium is too low. OPEC's supply management remains key.

This Bloomberg Markets video, published June 26, 2026, features Eugenia Victorino, Robert Lee, Matt Stanley discussing EWY, ^NDX, MU, 005930.KS, 000660.KS, BNO. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Eugenia Victorino, Robert Lee, Matt Stanley · Tickers: EWY, ^NDX, MU, 005930.KS, 000660.KS, BNO

Ship Attack Clouds Hormuz Outlook; Tech Stocks Selloff | Horizons Middle East & Africa 6/26/2026

Summary

Ideas

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