US-China Trade Tensions Return, US Chip Selloff Weighs on Asia | The Asia Trade 8/25/2026

Watch on YouTube ↗  |  August 25, 2026 at 04:35  |  1:35:13  |  Bloomberg Markets
Speakers
Anne Walsh — Head of New Products, Coinbase
Carol Schlife — Strategist, BMO
Anthony Stevens — Bloomberg Market Producer
Jung In Yun — CEO, Fibonacci Asset Management
Elfreda Jonker — Investment Specialist, Alphinity Investment Management

Summary

The video covers escalating US-China trade tensions, with the US reportedly planning a 7.5% tariff on Chinese goods ahead of a leadership summit. Market discussions focus on the recent selloff in US chipmakers, the impact of AI corporate debt issuance, and the potential for US Treasury buybacks to influence yields. Additionally, analysts share insights on Australian earnings, highlighting a shift towards copper and data center investments.

  • US reportedly plans an extra 7.5% tariff on Chinese goods over overcapacity concerns.
  • US Treasury Secretary Scott Bessent threatens economic sanctions against Iran's trading partners.
  • Tech sector faces a selloff as Nvidia's price hikes raise concerns about AI capex sustainability.
  • Analysts suggest buying US Treasuries if the 10-year yield reaches 5% or the 30-year hits 6%.
  • Australian earnings reveal a preference for copper (BHP) and data center infrastructure over traditional banks.
  • The short US dollar trade gains traction as a funding currency for G10 and emerging market carry trades.
Ideas
Anne Walsh Head of New Products, Coinbase 21:07
Buy Treasuries at higher yields; prefer power.
If the 10-year Treasury yield reaches 5%, it presents a buying opportunity, and a 6% yield on the 30-year would be a strong buy, while power infrastructure is preferred over data centers due to long-term obsolescence risks.
TLT HIGH
Anne Walsh Head of New Products, Coinbase 21:07
Buy Treasuries at higher yields; prefer power.
If the 10-year Treasury yield reaches 5%, it presents a buying opportunity, and a 6% yield on the 30-year would be a strong buy, while power infrastructure is preferred over data centers due to long-term obsolescence risks.
Power infrastructure HIGH
Anne Walsh Head of New Products, Coinbase 21:07
Buy Treasuries at higher yields; prefer power.
If the 10-year Treasury yield reaches 5%, it presents a buying opportunity, and a 6% yield on the 30-year would be a strong buy, while power infrastructure is preferred over data centers due to long-term obsolescence risks.
DTCR HIGH
Carol Schlife Strategist, BMO 29:12
Buy US growth equities on any pullbacks.
Investors should remain overweight in US growth equities and buy the dip if a natural pullback occurs, while holding gold as a geopolitical risk hedge rather than a pure debasement trade.
GLD SPY MED
Anthony Stevens Bloomberg Market Producer 54:26
Short the US dollar to fund carry.
The short US dollar trade with a carry component is attractive as the US attempts to control yields, making the dollar and yen easy funding currencies, which also benefits emerging market FX.
Emerging Markets FX G10 Carry Trade MED
Anthony Stevens Bloomberg Market Producer 54:26
Short the US dollar to fund carry.
The short US dollar trade with a carry component is attractive as the US attempts to control yields, making the dollar and yen easy funding currencies, which also benefits emerging market FX.
USD MED
Jung In Yun CEO, Fibonacci Asset Management 58:51
Buy AI companies generating cash today.
Investors should favor AI companies that are currently collecting cash and raising prices, such as Asian semiconductor companies and Nvidia, rather than those merely spending heavily on capex with hopes of future returns.
AI capex spenders HIGH
Jung In Yun CEO, Fibonacci Asset Management 58:51
Buy AI companies generating cash today.
Investors should favor AI companies that are currently collecting cash and raising prices, such as Asian semiconductor companies and Nvidia, rather than those merely spending heavily on capex with hopes of future returns.
Asia semiconductor companies NVDA HIGH
Elfreda Jonker Investment Specialist, Alphinity Investment Management 84:13
Buy BHP for copper; avoid big banks.
BHP is a top conviction pick as it transitions to a copper miner benefiting from electrification, while big Australian banks should be reduced in favor of AMP and Macquarie due to a softer consumer outlook.
BHP COPPER Macquarie AMP HIGH
Elfreda Jonker Investment Specialist, Alphinity Investment Management 84:13
Buy BHP for copper; avoid big banks.
BHP is a top conviction pick as it transitions to a copper miner benefiting from electrification, while big Australian banks should be reduced in favor of AMP and Macquarie due to a softer consumer outlook.
Big Australian Banks HIGH
Elfreda Jonker Investment Specialist, Alphinity Investment Management 87:43
Buy Australian data center and infrastructure stocks.
The AI and data center buildout in Australia presents opportunities in property and tech companies like Goodman Group, NextDC, and Megaport, which are benefiting from the infrastructure rollout.
NXT.AX MP1.AX GMG.AX MED
Elfreda Jonker Investment Specialist, Alphinity Investment Management 90:09
Buy Ventia Services for defense and margins.
Ventia Services is an attractive industrial pick due to its diversified servicing business, increased defense spending exposure, higher margins, and strong capital management.
Ventia Services HIGH
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This Bloomberg Markets video, published August 25, 2026, features Anne Walsh, Carol Schlife, Anthony Stevens, Jung In Yun, Elfreda Jonker discussing TLT, Power infrastructure, DTCR, GLD, SPY, Emerging Markets FX, G10 Carry Trade, USD, AI capex spenders, Asia semiconductor companies, NVDA, BHP, COPPER, Macquarie, AMP, Big Australian Banks, NXT.AX, MP1.AX, GMG.AX, Ventia Services. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anne Walsh, Carol Schlife, Anthony Stevens, Jung In Yun, Elfreda Jonker  · Tickers: TLT, Power infrastructure, DTCR, GLD, SPY, Emerging Markets FX, G10 Carry Trade, USD, AI capex spenders, Asia semiconductor companies, NVDA, BHP, COPPER, Macquarie, AMP, Big Australian Banks, NXT.AX, MP1.AX, GMG.AX, Ventia Services