China Defiant Over Iran Ties; Tech Stocks in Focus Before Nvidia Results | The Asia Trade 8/26/2026

Watch on YouTube ↗ | August 26, 2026 at 07:01 | 1:35:02 | Bloomberg Markets

Speakers

Mark Cranfield — Cross Asset Strategist, Bloomberg

Michael Strobaek — Global CIO, Lombard Odier

Reed Stevenson — Reporter, Bloomberg

Jeanny — Reporter, Bloomberg

Hani Kablawi — Executive Vice Chair, BNY

Samantha Wong — Partner, Blackbird Ventures

Niu Zhangming — Founder and CEO, MindRank AI

Richard Ho — OpenAI chip chief

Anthony Stevens — Bloomberg Market Producer

Juliana — Guest

Michael Heath — Reporter, Bloomberg

Summary

The video covers the latest market reactions to geopolitical tensions, including US-Canada tariff disputes and US sanctions on Chinese entities over Iran ties. Investors are closely watching Nvidia's upcoming earnings as a major test for the AI trade, while also monitoring the impact of US fiscal concerns on long-term Treasuries and the dollar. Additionally, discussions highlight regional investment opportunities in Australian tech, Middle Eastern infrastructure, and Chinese biotech.

US and Canada engage in a tit-for-tat tariff dispute over steel, aluminum, and electronics.
China remains defiant against US sanctions targeting its economic ties with Iran.
Nvidia's earnings report is highly anticipated as a key indicator for the sustainability of the AI boom.
Concerns over the US fiscal deficit drive interest in dollar debasement trades like gold and Bitcoin.
Honda pivots its strategy towards gasoline hybrids and plans a new US factory to avoid tariffs.
OpenAI unveils its new in-house inference chip, Jalapeno, claiming superior efficiency over Nvidia.
MindRank AI prepares for a pre-IPO phase with its promising oral GLP-1 weight loss drug.

Ideas

Mark Cranfield Cross Asset Strategist, Bloomberg 4:58

Dollar debasement fears drive Bitcoin and gold.

Concerns over the unsustainable US fiscal path will likely weaken the dollar, supporting dollar-negative sensitive assets like gold, bitcoin, and emerging market assets.

Mark Cranfield Cross Asset Strategist, Bloomberg 5:32

Upcoming auctions and BOJ hikes pressure JGBs.

Japanese Government Bonds are likely to weaken next week due to upcoming 10-year and 30-year auctions pricing in a concession, combined with pressure on the Bank of Japan to raise interest rates in September.

Hani Kablawi Executive Vice Chair, BNY 33:29

Sovereign wealth will fund Middle East infrastructure.

Sovereign investors in the Middle East are likely to recycle net foreign assets back into the region to invest in infrastructure resiliency, food security, defense, and data centers.

Samantha Wong Partner, Blackbird Ventures 40:50

Australian startups offer strong global growth potential.

Australian and New Zealand early-stage founders are building global businesses from day one, making them highly attractive standalone companies or M&A targets for global allocators.

Reed Stevenson Reporter, Bloomberg 44:10

Pivot to profitable hybrids boosts Honda's outlook.

Honda is pivoting its strategy away from a pure EV lineup toward gasoline hybrids, which are currently in high demand in the US and profitable from day one.

Michael Strobaek Global CIO, Lombard Odier 51:46

Economic cycle continuation supports global equities overweight.

The economic cycle still has further to go, providing a solid foundation for equities in both developed and emerging markets despite geopolitical stress.

Michael Strobaek Global CIO, Lombard Odier 51:46

Economic cycle continuation supports global equities overweight.

Concerns over the unsustainable US fiscal path will likely weaken the dollar, supporting dollar-negative sensitive assets like gold, bitcoin, and emerging market assets.

Michael Strobaek Global CIO, Lombard Odier 52:06

Hyperscaler capex drives US tech earnings cycle.

The AI boom and hyperscaler capex spending are driving a strong, self-feeding earnings cycle, making it dangerous to be short US tech or semiconductors.

Michael Strobaek Global CIO, Lombard Odier 55:00

Unsustainable US fiscal path undermines long-term Treasuries.

The US is on an unsustainable fiscal path, and the Treasury's strategy of intervening in the bond market with buybacks cannot work long-term to fix the deficit.

Jeanny Reporter, Bloomberg 73:24

Weak Chinese consumer spending pressures Laopu Gold.

Laopu Gold's high-end branding and luxury targeting are struggling in China's weak macroeconomic environment, where consumers have become highly price-sensitive.

Niu Zhangming Founder and CEO, MindRank AI 81:55

Oral GLP-1 drug drives MindRank AI's pre-IPO.

MindRank AI is developing a differentiated, oral small-molecule GLP-1 weight loss drug with a strong safety profile and low drop-off rate, aiming for a pre-IPO stage and a 2028-2029 launch.

Richard Ho OpenAI chip chief 91:05

OpenAI's custom chip challenges Nvidia's inference dominance.

OpenAI's new in-house inference chip, Jalapeno, outperforms Nvidia's flagship in efficiency and response rate, offering high throughput and low latency to reduce infrastructure costs.

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This Bloomberg Markets video, published August 26, 2026, features Mark Cranfield, Hani Kablawi, Samantha Wong, Reed Stevenson, Michael Strobaek, Jeanny, Niu Zhangming, Richard Ho discussing BTC, GLD, JGBS, PAVE, KANG, HONDA, Developed Market Equities, EEM, US Tech, SMH, US Large-cap, TLT, LAOPU, MindRank AI, OPENAI, NVDA. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Cranfield, Hani Kablawi, Samantha Wong, Reed Stevenson, Michael Strobaek, Jeanny, Niu Zhangming, Richard Ho · Tickers: BTC, GLD, JGBS, PAVE, KANG, HONDA, Developed Market Equities, EEM, US Tech, SMH, US Large-cap, TLT, LAOPU, MindRank AI, OPENAI, NVDA