AI Optimism Drives Korean Stocks to Record | The Asia Trade 4/23/2026

Watch on YouTube ↗  |  April 23, 2026 at 03:54  |  1:34:56  |  Bloomberg Markets
Speakers
Min Min Low — China Correspondent, Bloomberg
Mark Cranfield — Cross Asset Strategist, Bloomberg
Tom Kang — Head of Content, Messari
Karen Young — Senior Research Scholar, Columbia University
Marcus Wong — Rates and Emerging Markets Macro Strategist, Bloomberg

Summary

The video covers record AI-driven earnings from SK Hynix boosting Korean stocks to new highs, Tesla's mixed results with EV demand recovery but high capex concerns, and the ongoing Iran-US stalemate in the Strait of Hormuz keeping oil prices elevated. Investment strategists discuss opportunities in AI infrastructure, emerging markets, and alternative energy, while analysts highlight the extended memory chip supercycle.

  • SK Hynix reports five-fold jump in quarterly profit on soaring AI memory chip demand.
  • Tesla beats earnings on EV demand recovery but announces $25 billion capex plan for AI and robotics.
  • Korean KOSPI index hits record high fueled by AI optimism and strong GDP growth.
  • Iran-US standoff in the Strait of Hormuz continues, with oil prices above $100 a barrel.
  • Goldman Sachs' Greg Calnon sees opportunities in AI infrastructure, EM assets, US small caps, and battery makers.
  • Counterpoint's Tom Kang predicts further upside for SK Hynix due to rising memory prices from AI supercycle.
  • Battery makers benefit from geopolitical risks accelerating alternative energy adoption.
  • Central banks in emerging Asia, like the Philippines, face dilemmas from oil-driven inflation and growth concerns.
Trade Ideas
Min Min Low China Correspondent, Bloomberg 3:10
AI demand drives SK Hynix record profits.
SK Hynix benefits from high AI-driven demand for memory chips, leading to record profits and pricing power due to capex spending by hyperscalers and shortage in traditional chips like NAND and DRAM.
000660.KS HIGH
Mark Cranfield Cross Asset Strategist, Bloomberg 12:00
AI infrastructure boosts Korean stock outperformance.
AI infrastructure demand is insatiable, benefiting companies like SK Hynix with continued high demand and elevated pricing, which may lead Korean stocks to outperform Taiwanese stocks and boost Asian tech stocks broadly.
EWY MED
Greg Calnon 53:40
AI investment has more room to run.
AI infrastructure investment accounts for a significant portion of S&P earnings, and with hyperscalers investing heavily in AI, there is more room to run for AI-related stocks as the trend persists.
AIQ MED
Greg Calnon 55:59
EM debt offers opportunities.
Emerging market debt is another area of opportunity for investors seeking diversification and yield in a broadening market environment.
EMB LOW
Greg Calnon 55:59
EM equity presents investment opportunities.
Emerging markets offer investment opportunities in equity as part of broadening equity markets and client focus on diversification.
EEM LOW
Greg Calnon 56:07
US small caps are attractive.
Small cap stocks in the US present an investment opportunity as equity markets broaden and clients look for additional areas of growth.
IWM LOW
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This Bloomberg Markets video, published April 23, 2026, features Min Min Low, Mark Cranfield, Greg Calnon discussing 000660.KS, EWY, AIQ, EMB, EEM, IWM. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Min Min Low, Mark Cranfield, Greg Calnon  · Tickers: 000660.KS, EWY, AIQ, EMB, EEM, IWM