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Oil Shock Puts Global Growth at Risk Amid Iran Tensions | Insight with Haslinda Amin 7/16/2026

Watch on YouTube ↗  |  July 16, 2026 at 06:42  |  48:02  |  Bloomberg Markets
Speakers
Yuting Shao — Senior Global Macro Strategist, Manulife Investment Management
Jayesh Mehta — Vice Chairman and CIO, DSP
Fatih Birol — Executive Director, International Energy Agency
Avril Hong — Reporter, Bloomberg Markets
Preeti Singh — India Money and Power Reporter, Bloomberg
Jamieson Greer — US Trade Representative
VD Satheesan — Chief Minister of Kerala

Summary

U.S. strikes on Iran intensify, raising fears of a prolonged Strait of Hormuz disruption that threatens global growth and supports oil prices. Asian chip stocks sell off sharply, but Manulife strategist Yuting Shao sees resilient U.S. growth and long-term AI capex trends as buying opportunities. She also favors Korean, Chinese, and Japanese equities, while India turns to NRI deposits to shore up the rupee, with DSP’s Jayesh Mehta forecasting a move back to 93 per dollar.

  • U.S. launches fifth straight day of strikes on Iran; IEA warns of global economic risk if Hormuz crisis persists.
  • Asian chip stocks tumble, Korean circuit breakers triggered, as high earnings bar and leveraged ETF concerns weigh.
  • Manulife’s Yuting Shao remains positive on U.S. equities, AI capex theme, and Korea/China/Japan over the medium term.
  • She sees potential rotation from AI hardware to software as monetization focus increases.
  • India urges state banks to boost NRI dollar deposits via hedging subsidies, aiming to support reserves and the rupee.
  • DSP’s Jayesh Mehta expects $50-75 billion in inflows, forecasting rupee appreciation to 93 per dollar.
  • U.S. Trade Representative Jamieson Greer highlights rare earth flows and pharma reshoring commitments.
  • Kerala chief minister assures continued support for the Vizhinjam port project, denying any controversy.
Ideas
Yuting Shao Senior Global Macro Strategist, Manulife Investment Management 12:00
U.S. growth resilient, Fed on hold.
U.S. growth remains resilient supported by government spending, investment, and consumer resilience. Recent CPI and PPI data show manageable price pressure, reducing urgency for the Fed to make radical rate moves. The Fed is expected to stay on hold for the remainder of the year, providing a favorable backdrop for U.S. equities.
SPY HIGH
Yuting Shao Senior Global Macro Strategist, Manulife Investment Management 13:25
AI capex story holds long term.
The AI capex secular story remains intact over the medium to longer term, covering semiconductors, energy infrastructure, and broader economic investment. Near-term high volatility and corrections are healthy consolidations after a rapid rally, presenting buying opportunities for long-term investors.
AI Semiconductors MED
Yuting Shao Senior Global Macro Strategist, Manulife Investment Management 14:00
Korea AI correction healthy, long-term buy.
The correction in Korean AI chip stocks is healthy after a rapid run-up, partly driven by leveraged ETF volatility. Over the medium to longer term, the positive trend driven by AI-related exports remains supportive, and the pullback offers a healthier backdrop for continued upside.
EWY MED
Yuting Shao Senior Global Macro Strategist, Manulife Investment Management 14:38
China AI catch-up potential upside.
China has lagged the AI rally so far, and as the AI theme broadens out to other markets, there is significant catch-up potential. This creates upside opportunity for Chinese equities linked to the AI investment cycle.
KWEB MED
Yuting Shao Senior Global Macro Strategist, Manulife Investment Management 16:06
Japan equities positive on pro-growth policy.
Japan benefits from a pro-growth, pro-fiscal government under Prime Minister Takaichi, supporting a positive outlook for equities. While tech-related stocks face near-term volatility and global adjustments, this is a healthy consolidation that does not change the longer-term positive view on Japanese markets.
EWJ MED
Yuting Shao Senior Global Macro Strategist, Manulife Investment Management 17:20
Potential rotation to AI software.
As the AI capex cycle matures and market focus shifts to implementation and monetization, there could be a rotation from hardware to software. This potential sector shift warrants monitoring for future positioning opportunities.
AI software stocks LOW
Jayesh Mehta Vice Chairman and CIO, DSP 32:41
Inflows to strengthen rupee toward 93.
India's new scheme subsidizes hedging costs for NRI dollar deposits, lowering funding costs and attracting significant inflows. Expectations of $50-75 billion in deposits and leverage opportunities should strengthen the rupee, pushing it back toward 93 per U.S. dollar from current levels.
INR MED
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This Bloomberg Markets video, published July 16, 2026, features Yuting Shao, Jayesh Mehta discussing SPY, AI Semiconductors, EWY, KWEB, EWJ, AI software stocks, INR. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Yuting Shao, Jayesh Mehta  · Tickers: SPY, AI Semiconductors, EWY, KWEB, EWJ, AI software stocks, INR