Name: China Rejects South China Sea Ruling on 10th Anniversary | The China Show 7/13/2026
Uploaded: 2026-07-13T06:08:41+00:00
Duration: 5604 s

Speakers

Aleksey Mironenko — Global Head of Investment Solutions, Leo Wealth

Chey Tae-won — Chairman, SK Group

Carmen Li — CEO, Compute Exchange

David Ingles — Anchor, Bloomberg

Summary

The show covers renewed U.S.-Iran strikes and their impact on oil prices and Asian risk assets, alongside a sharp selloff in SK Hynix shares following its record U.S. listing. Guest Aleksey Mironenko provides several near-term investment views, including bullish U.S. equities and semiconductors, a rotation into European/Asian stocks, and a trading buy on Korean chips. The program also discusses Shein's Hong Kong IPO approval, AI token economics with Compute Exchange CEO Carmen Li, and geopolitical developments in the South China Sea.

U.S. launches fourth wave of strikes on Iran, Iran retaliates against U.S. allies, pushing Brent crude up ~4% and raising Hormuz closure fears.
SK Hynix shares slump over 10% in Seoul, triggering a KOSPI sidecar, as the ADR listing-driven arbitrage unwinds.
Leo Wealth's Aleksey Mironenko expects U.S. earnings to support equities near-term and sees semiconductor selloff abating on capex confirmation.
Mironenko also predicts European and Asian stocks will reassert leadership as U.S. growth slows, and views Korean chip stocks as a trade, not a long-term hold.
SK Group Chairman Chey Tae-won expresses extreme bullishness on memory demand, saying supply will never catch up before AGI.
Shein receives Chinese approval for a Hong Kong IPO, testing appetite outside the AI theme.
Carmen Li notes Goldman Sachs's 'long China AI' thesis but highlights margin-capture uncertainty.
China rejects the South China Sea arbitration ruling on its 10th anniversary, while Senator Lindsey Graham's death adds political uncertainty ahead of U.S. midterms.

Ideas

Aleksey Mironenko Global Head of Investment Solutions, Leo Wealth 10:33

U.S. equities rally on strong earnings.

U.S. earnings season expectations are for ~25% growth and historically beat, driven by strong AI spend and resilient U.S. consumer; this sets up good performance for U.S. equities over the next few weeks.

Aleksey Mironenko Global Head of Investment Solutions, Leo Wealth 11:17

Semiconductor selloff to abate near-term.

Hyperscaler capex commitments and upcoming Mag 7 earnings will reconfirm free cash flow to semiconductor firms, causing the recent semiconductor selloff to abate over the next month or two.

Aleksey Mironenko Global Head of Investment Solutions, Leo Wealth 12:23

Rotate to European and Asian equities.

The U.S. economy is entering a slowdown ('stoppage time') while the growth gap between U.S. and non-U.S. narrows; European and Asian stocks are poised to reassert the leadership they showed in late 2025/early 2026.

Aleksey Mironenko Global Head of Investment Solutions, Leo Wealth 14:48

Trade SK Hynix on cheap valuation.

Korean equities (notably SK Hynix) trade at record-low trailing P/E with high earnings visibility from multi-year AI capex contracts, offering an attractive entry point for a trading position; however caution is warranted longer-term as capacity additions and demand normalization could pressure prices.

China Rejects South China Sea Ruling on 10th Anniversary | The China Show 7/13/2026

Summary

Ideas

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