Choppy AI Trade, Fed Outlook Drive Asia Markets | Insight with Haslinda Amin 07/03/2026

Summary

The video covers a tech-driven Asian market rebound after a selloff, with Invesco's Fiona Yang arguing the AI trade is not over but becoming more selective. She outlines a rotation from memory stocks into MLCC makers and ODMs like Foxconn, a broadening Korean market, and attractive Chinese manufacturing. The program also touches on Trump's efforts to reshape the Federal Reserve, Japan-India summit deepening ties, and a lighter note on Taylor Swift's expected wedding.

• Asian markets rebound after two-day tech-led selloff, aided by softer US jobs data and lower oil prices.
• Invesco's Fiona Yang says AI trade turns more selective, moving from memory to MLCC makers and ODMs like Foxconn for the second half.
• She sees memory pricing peaking as capacity catches up, leading to a rotation away from Samsung Electronics and SK Hynix.
• Yang expects a broadening Korean market rally as dividends and capex spending fuel domestic consumption and construction.
• Chinese manufacturing is still efficient and cheap, supported by robotics and able to expand despite tariffs.
• Trump renews efforts to fire Fed Governor Lisa Cook, raising concerns about central bank independence, though the Supreme Court blocked the immediate move.
• Japan and India deepen economic and security ties, with a 10 trillion yen investment pledge and a roadmap for semiconductor and quantum tech cooperation.
• The episode ends with speculation about Taylor Swift's wedding at Madison Square Garden, noting its potential economic impact on New York.