US Accuses Alibaba, Baidu, BYD of Aiding Chinese Military | The China Show 6/9/2026

Watch on YouTube ↗  |  June 09, 2026 at 07:15  |  1:33:20  |  Bloomberg Markets
Speakers
George Efstathopoulos — Portfolio Manager at Fidelity International
Adarsh Sinha — Head of Global G10 FX Strategy at BofA Global Research
Nabila Popal — Senior Research Director at IDC
Shuli Ren — Opinion Columnist, Bloomberg

Summary

Asian markets rebounded after a sharp AI-led selloff, while the Pentagon added Chinese companies like Alibaba and Baidu to a military blacklist. Apple unveiled a Siri AI overhaul at WWDC, expected to drive upgrades. China car sales slumped, and BofA strategist recommended shorting EUR/USD on dollar strength. Fidelity's investor favored commodities and China mid-caps, and IDC saw Apple's AI as a positive catalyst.

  • Asian stocks recover after a volatile selloff driven by AI-related fears.
  • Pentagon blacklists Alibaba, Baidu, BYD as Chinese military companies.
  • OpenAI files confidentially for IPO, joining AI funding race.
  • Apple introduces Siri AI upgrade, analyst expects upgrade cycle.
  • China car sales deepen decline after subsidy withdrawal.
  • BofA FX strategist recommends short EUR/USD if DXY breaks 114.
  • Fidelity International prefers commodities and China mid-cap stocks.
  • Jensen Huang's comments boost some Korean stocks but raise valuation concerns.
Ideas
George Efstathopoulos Portfolio Manager at Fidelity International 20:29
Buy copper, uranium, energy equities.
With sticky inflation and poor bond returns, multi-asset investors should shift from fixed income to alternatives like commodities and real assets. Specifically, copper, uranium, and energy equities linked to green energy are attractive. China's know-how in green energy supply chains adds to the thesis.
COPPER URA XLE HIGH
George Efstathopoulos Portfolio Manager at Fidelity International 21:06
Long CSI 100 mid-caps on rebound.
Chinese mid-cap stocks (CSI 100) could benefit if Chinese consumption rebounds, oil prices decline, and property market shows green shoots. There is a preference for Asian markets and mid-caps, with potential upside from pension and wealth management flows.
CSI 100 MED
Nabila Popal Senior Research Director at IDC 40:48
Apple upgrade cycle positive.
Apple's new Siri AI features, available only on newer iPhones, will drive a significant upgrade cycle. The personal assistant capabilities, leveraging user data and privacy, will enhance user experience and help Apple gain market share despite a declining overall market.
AAPL MED
Adarsh Sinha Head of Global G10 FX Strategy at BofA Global Research 51:20
Short EUR/USD if DXY breaks 114.
If the DXY index breaks above 114, there will be further downside for the euro versus the U.S. dollar. Recommends short EUR/USD as a trade.
EUR/USD HIGH
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3PRO TV (삼프로TV) · Jun 09

This Bloomberg Markets video, published June 09, 2026, features George Efstathopoulos, Nabila Popal, Adarsh Sinha discussing COPPER, URA, XLE, CSI 100, AAPL, EUR/USD. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: George Efstathopoulos, Nabila Popal, Adarsh Sinha  · Tickers: COPPER, URA, XLE, CSI 100, AAPL, EUR/USD