DeepSeek Restarts Funding for Ambitious AI Expansion | The China Show | 8/7/2026

Watch on YouTube ↗  |  August 07, 2026 at 04:40  |  1:32:11  |  Bloomberg Markets
Speakers
Anthony Stevens — Bloomberg Market Producer
Winnie Wu — Head of A-PAC Equity Strategy, BofA Global Research
Martin Fruergaard — CEO, Pacific Basin
Kirk Boudreau — Bloomberg Intelligence Asia Telecom Senior Analyst
David Finnerty — Editor, CoinDesk
Shirley Zhao — Reporter, The Block
Robert Lee — Senior Analyst, Bloomberg Intelligence
Xiaojia — Chief China Economist, Crédit Agricole
Charlotte Yang — Asia Equities Reporter, Bloomberg

Summary

The China Show covers Iran tensions lifting oil, DeepSeek's $8bn funding restart, Alibaba's plan to charge for its AI model, and the divergence in Asia tech stocks. Speakers present trade ideas including a Samsung/SK Hynix pair trade, an EM breakout call, stretched RMB and supportive USD/JPY, a bullish Pacific Basin shipping view, and caution on SoftBank and Macau casinos.

  • Iran-Oman Strait of Hormuz dispute keeps oil elevated; Asian markets mixed.
  • DeepSeek resumes $8bn round to build AI data centre; Alibaba to charge for its open-source model.
  • Samsung shows defensive strength vs Hynix on foldable phone growth; EM index breaks out past Iran-driven oil spike.
  • Strategist sees the yuan as stretched relative to yield spread; strategist sees USD/JPY uptrend intact despite intervention.
  • Pacific Basin CEO cites geopolitical disruption and tight fleet supply as structural positives for dry bulk rates.
  • SoftBank disappointment driven by balance-sheet concerns and unclear funding plans; Macau casino profit margins squeezed by China capital-outflow crackdown.
  • China trade data beats, but domestic demand sluggish; inflation prints awaited.
Ideas
Anthony Stevens Bloomberg Market Producer 5:36
EM index breaking out past oil crisis.
Emerging market equities have moved past the Iran oil crisis, supported by a strengthening Korean won on AI exports and a strong Chinese yuan drawing flows, driving a breakout in the EM index.
EEM MED
Winnie Wu Head of A-PAC Equity Strategy, BofA Global Research 19:51
RMB overstretched, may weaken.
The renminbi's recent appreciation is getting stretched; historically the widening US-China yield spread and deviation from stock market performance suggest limited further upside. Geopolitical trade tensions add to the risk, making the currency vulnerable to a reversal.
USD/CNH MED
Martin Fruergaard CEO, Pacific Basin 26:02
Shipping disruptions boost Pacific Basin.
China's crackdown on wealth and capital outflows is crushing VIP sentiment in Macau, causing sharp gaming revenue declines. Operators face margin pressure from high retention costs, and analysts have slashed 2026 revenue growth forecasts from 7% to 3%, with policy headwinds persisting.
HK MED
Anthony Stevens Bloomberg Market Producer 47:04
Samsung's defensive edge over SK Hynix.
Samsung has underperformed SK Hynix for years during the AI boom, but as Korea's market momentum fades the spread should reverse. Samsung offers a defensive edge with its foundry and phone businesses, notably foldable phones that are up 30% versus the previous model, while Hynix is more exposed to memory cycle pressure.
KS MED
Kirk Boudreau Bloomberg Intelligence Asia Telecom Senior Analyst 60:45
SoftBank's balance sheet and liquidity concerns.
SoftBank faces growing balance sheet risks: its loan-to-value ratio has risen towards concerning levels as asset values decline, and the market lacks details on funding for heavy AI investments, causing investor disappointment.
EWJ MED
David Finnerty Editor, CoinDesk 70:22
USD/JPY uptrend intact, intervention is futile.
Underlying interest rate differentials and fundamental forces continue to support a higher USD/JPY. Intervention may cause temporary drops but has historically failed to reverse the trend, and the market broadly agrees the yen should be weaker.
USD/JPY MED
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This Bloomberg Markets video, published August 07, 2026, features Anthony Stevens, Winnie Wu, Martin Fruergaard, Kirk Boudreau, David Finnerty discussing EEM, USD/CNH, HK, KS, EWJ, USD/JPY. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anthony Stevens, Winnie Wu, Martin Fruergaard, Kirk Boudreau, David Finnerty  · Tickers: EEM, USD/CNH, HK, KS, EWJ, USD/JPY