Fresh US-Iran Strikes Threaten Ceasefire; TMSC Sales Surge | Daybreak Europe 7/13/2026

Watch on YouTube ↗ | July 13, 2026 at 06:59 | 47:03 | Bloomberg Markets

Speakers

Chey Tae-won — Chairman, SK Group

David Savage — Editor, The Block

Lale Akoner — Global Market Analyst, eToro

Abeer — Horizons Middle East & Africa Anchor

Oliver — Anchor, Bloomberg

Neil Kaplan — Bloomberg Senior Strategist

Summary

Fresh US-Iran strikes threaten the ceasefire and spike oil prices, while the Strait of Hormuz remains contested. Global equities sell off sharply, led by the Kospi and memory chip stocks as SK Hynix plunges after its US debut. TSMC reports surging AI-driven sales, and Fed Chair testimony plus US CPI data loom. Speakers highlight a rotation from momentum/tech into defensive sectors and European equities.

US and Iran trade fresh strikes, with oil prices jumping over 4% and both sides disputing control of the Strait of Hormuz.
Kospi index falls over 8%, triggering a circuit breaker, with SK Hynix down 13% after its US ADR listing and profit-taking.
TSMC reports 36% quarterly sales surge, signaling sustained AI hardware demand.
David Savage expects defensive and health care outperformance to continue while momentum comes under pressure.
Lale Akoner sees rotation from Mag7/tech into financials, industrials, health care, small caps, and European defense.
SK Group chairman expresses bullish view that memory demand will outstrip supply indefinitely as AGI approaches.
European earnings estimates are being raised for the first time in two years, with profits expected up 12%.
Markets await Fed Chair Kevin Warsh testimony and US CPI data amid renewed inflation fears.

Ideas

David Savage Editor, The Block 9:24

Health care and defensives keep outperforming

Defensive positioning and health care stocks outperformed last week and that trend is likely to continue as the momentum trade comes under pressure, driven by higher oil and a stronger dollar weighing on risk assets.

David Savage Editor, The Block 9:24

Health care and defensives keep outperforming

Defensive positioning and health care stocks outperformed last week and that trend is likely to continue as the momentum trade comes under pressure, driven by higher oil and a stronger dollar weighing on risk assets.

David Savage Editor, The Block 9:24

Health care and defensives keep outperforming

A healthy rotation is underway from overconcentrated Mag7/tech into broader market sectors. Long-duration growth and technology will come under pressure as inflation risks rise and interest rates move higher, while financials, industrials, health care, and small caps benefit from broader participation.

Chey Tae-won Chairman, SK Group 13:10

Memory demand outpaces supply for AGI

Demand for memory chips will continue to grow and supply capacity will never catch up, especially as the world moves toward AGI, creating a long-term need for huge amounts of memory.

Lale Akoner Global Market Analyst, eToro 31:17

Rotate from tech into value sectors

A healthy rotation is underway from overconcentrated Mag7/tech into broader market sectors. Long-duration growth and technology will come under pressure as inflation risks rise and interest rates move higher, while financials, industrials, health care, and small caps benefit from broader participation.

Lale Akoner Global Market Analyst, eToro 31:17

Rotate from tech into value sectors

A healthy rotation is underway from overconcentrated Mag7/tech into broader market sectors. Long-duration growth and technology will come under pressure as inflation risks rise and interest rates move higher, while financials, industrials, health care, and small caps benefit from broader participation.

Lale Akoner Global Market Analyst, eToro 32:58

European defense and financials look strong

European equities are set for a strong earnings season, with the rotation from US growth into Europe playing out. Financials, industrials, and especially defense are attractive, as defense remains very strong in the region.

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Bloomberg Markets · Jul 13

This Bloomberg Markets video, published July 13, 2026, features David Savage, Chey Tae-won, Lale Akoner discussing XLP, MTUM, XLV, 000660.KS, XLK, XLF, IWM, XLI, European Defense, European financials, European industrials. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: David Savage, Chey Tae-won, Lale Akoner · Tickers: XLP, MTUM, XLV, 000660.KS, XLK, XLF, IWM, XLI, European Defense, European financials, European industrials