SK Hynix Readies for Blockbuster US Listing | The Asia Trade 7/6/2026

Summary

The Asia Trade covers SK Hynix's $29B US ADR listing, Samsung's expected record earnings, Korean won's 24-hour trading debut, and the resumption of oil flows through Hormuz. Guests provide specific investment ideas on currencies, bonds, and Asian tech stocks, while also flagging risks around memory chip cycles and bond auction weakness.

• SK Hynix prepares for a $29B ADR listing on Nasdaq, seeking US investor access and funds for expansion.
• Samsung is raising DRAM prices and reports preliminary Q2 earnings expected to show a huge profit surge on AI memory demand.
• The Korean won starts 24-hour trading, a step toward MSCI developed market status, while remaining under pressure from equity outflows.
• Oil prices fall as flows resume through the Strait of Hormuz and OPEC+ signals further supply increases, raising glut concerns.
• Bond markets face a heavy issuance week in the US and Japan, with strategists expecting higher yields.
• The Japanese yen weakens toward multi-decade lows, with intervention unlikely to reverse the trend unless USD/JPY breaks below 155.
• Michael Burry bets against Micron, arguing memory chips remain highly cyclical despite AI optimism.
• Hon Hai (Foxconn) reports a 40% sales jump driven by AI hardware, highlighting a successful pivot from consumer electronics.