Buzzberg Cup Live

South Korea Confirms Over $1 Trillion in AI Spending | Daybreak Europe 6/29/2026

Watch on YouTube ↗  |  June 29, 2026 at 06:50  |  46:35  |  Bloomberg Markets
Speakers
President Lee — President of South Korea
Fabricio Bloisi — CEO, Prosus and Naspers Group
Mark Cranfield — Cross Asset Strategist, Bloomberg
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Richard Bravo — Bloomberg Reporter

Summary

The episode covers South Korea's $1.3 trillion AI investment plan led by Samsung and SK Hynix, which boosted chip stocks and the KOSPI. Geopolitical tensions eased as the US and Iran agreed to halt strikes ahead of peace talks, lifting equities and calming oil. Central bank speeches and US jobs data are key focus points for the week. Prosus CEO Fabricio Bloisi reported strong earnings and highlighted Tencent's AI potential. Other topics included Andy Burnham's UK political speech, EU-China trade frictions, and an Asian heat wave.

  • South Korea confirms over $1 trillion in AI spending, with Samsung and SK Hynix building two new fabs each.
  • US and Iran agree to halt attacks ahead of peace talks, easing geopolitical risk and lifting S&P and Nasdaq futures.
  • Asian markets rotate out of tech into healthcare and consumer products; Hong Kong tech rebounds on oversold signals.
  • Traders fully price a Fed rate hike this year; central bank speeches at Sintra and US jobs report are key events.
  • Prosus CEO reports 85% profit growth, strong cash flow, and sees AI as a growth driver for Tencent and Prosus.
  • UK's Andy Burnham to pledge economic devolution and growth mission in his first major speech as prime minister candidate.
  • EU and China trade chiefs meet with threats of export controls and retaliation over widening trade imbalance.
  • Intense Asian heat wave drives demand for air conditioners, with France allocating emergency funds for hospital equipment.
Ideas
Mark Cranfield Cross Asset Strategist, Bloomberg 11:02
Short-term cheap 5-year Treasury trade.
Heavy curve flattening trades have made the 5-year US Treasury look out of line and relatively cheap compared to the rest of the curve, creating a short-term tactical buying opportunity for major bond houses. However, if the Federal Reserve proceeds with tightening, the 5-year will fall back in line and become one of the most vulnerable parts.
5-Year US Treasury Note MED
President Lee President of South Korea 15:36
Government AI fab boom boosts memory demand.
South Korea is unveiling a massive government-backed AI infrastructure plan with Samsung and SK Hynix building two new fabs each, aiming to double chip capacity in five years and invest over $1 trillion in memory, data centers, and robotics. The President labels this a survival tactic to cement Korea’s tech leadership and capture the global AI boom.
005930.KS 000660.KS HIGH
Fabricio Bloisi CEO, Prosus and Naspers Group 40:45
Prosus profit growth narrows discount.
Prosus is delivering strong results with profits up 85%, growing cash flow to $1.5 billion, and accelerating through AI. The company is becoming a European champion, and the discount to its Tencent stake will naturally narrow as profitability and growth continue.
PRX.AS HIGH
Fabricio Bloisi CEO, Prosus and Naspers Group 44:31
Tencent AI expectations brighten outlook.
Tencent is increasingly focused on AI and market expectations are building for successful AI moves. The future of the Chinese internet will be shaped by AI, and Tencent is well positioned.
0700.HK MED
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This Bloomberg Markets video, published June 29, 2026, features Mark Cranfield, President Lee, Fabricio Bloisi discussing 5-Year US Treasury Note, 005930.KS, 000660.KS, PRX.AS, 0700.HK. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Cranfield, President Lee, Fabricio Bloisi  · Tickers: 5-Year US Treasury Note, 005930.KS, 000660.KS, PRX.AS, 0700.HK