Can AI Stocks Survive the Bond Yield Surge? | Insight with Haslinda Amin 05/19/2026

Summary

The episode discusses the impact of rising bond yields on the AI-driven stock rally in Asia. J.P. Morgan's Raisah Rasid argues the AI theme remains intact but investors should rotate into cyclical trades like Japanese banks and focus on high-growth domestic cyclicals in India. Geopolitical tensions, including the Iran conflict and US-China relations, add to market uncertainty.

• President Trump pauses Iran strikes after Gulf allies' appeal.
• Rising bond yields threaten Asia's stock rally, with history showing negative correlation.
• Anthony Stevens notes rotation from AI/memory names to cyclical trades like Japanese banks.
• Raisah Rasid says AI theme is intact but investors should pick relative winners.
• She prefers high-growth domestic cyclicals in India over externally-driven markets.
• US-China summit yields positive engagement but few concrete deliverables.
• Putin visits Beijing to discuss Power of Siberia 2 gas pipeline.
• RBA's Sarah Hunter warns of oil shock inflation risks and monitors expectations.