Markets on Edge as Trump-Xi Talks Loom | The Asia Trade 5/13/2026
Speakers
Peter Kim
— Global Investment Strategist, KB Financial Group
Mark Cranfield
— Cross Asset Strategist, Bloomberg
Summary
The video covers the upcoming Trump-Xi summit in Beijing amid the Iran war, which has shifted global priorities. Chip stocks sold off after inflation data and concerns over labor disputes at Samsung. Australia's budget focuses on property tax reform and fuel security. Speakers analyze the tech sector's resilience and geopolitical leverage.
- Trump arrives in Beijing for first US presidential visit to China in nearly a decade.
- Iran war and fragile ceasefire loom as a key topic, though Trump downplays it.
- Chip stocks fall after US inflation data and CME compute futures announcement.
- Samsung labor talks fail, risking a strike; KOSPI declines.
- Australia budget targets property tax breaks and fuel security amid energy shock.
- China's missile buildup is revealed through earnings of private component suppliers.
- KB Financial Group suggests Korean semis are cheap and insulated from Iran war.
