Asian Stocks Hit Record, Oil Heads for Weekly Loss | The Asia Trade 6/19/2026

Watch on YouTube ↗  |  June 19, 2026 at 03:22  |  1:34:45  |  Bloomberg Markets
Speakers
Anthony Stevens — Bloomberg Market Producer
Isaac Poole — CIO, Ascalon Capital
Stephen Pinsky — Bloomberg Asia Energy Reporter
Shery Ahn — Anchor, Bloomberg Television

Summary

Asian equity markets are poised for broad gains, driven by a tech and semiconductor rally after the Philadelphia Semiconductor Index hit a record. Oil heads for a sharp weekly loss as the US-Iran interim deal reopens the Strait of Hormuz, unleashing a wave of supply. The US dollar strengthens on hawkish Fed repricing, pressuring Asian currencies, while SpaceX prepares a massive bond sale post-IPO. Interviews cover the AI capex boom, rare earth supply chains, and the implications of the Iran cease-fire.

  • Strait of Hormuz reopens after US-Iran interim cease-fire, easing oil supply fears.
  • Brent crude below $80 and WTI tumbling over 9% for the week on supply normalization.
  • US tech and semiconductor stocks surge, with Philadelphia Semiconductor Index at a record high.
  • Asia-Pacific equities set for gains, led by Japan (Nikkei) and Korea (KOSPI) tech stocks.
  • US dollar breaks out on hawkish Fed rate repricing, putting pressure on Asian FX especially yen and won.
  • SpaceX preparing a $20 billion bond sale just days after its record $35 IPO.
  • Resonac CEO expects very strong AI-driven semiconductor demand across the supply chain.
  • G7 agrees to limit rare earth reliance on China; expert sees long decoupling timeline.
  • US tells ASML it is concerned China may have obtained advanced chip tools; ASML denies.
  • Alibaba chairman sees AI as a $50 trillion economy and is shifting capex plans to AI infrastructure.
Ideas
Anthony Stevens Bloomberg Market Producer 2:59
Tech outperforms on retail conviction, hawkish Fed.
Tech is the only trade that can survive a higher-rates regime driven by a hawkish Fed; strong retail conviction and dispersion within the S&P 500 keep chasing tech names higher, while the Philadelphia Semiconductor Index hits record highs, providing a powerful lead for Asian tech.
SOX MED
Anthony Stevens Bloomberg Market Producer 4:14
Dollar breaks out on hawkish Fed repricing.
The US dollar is breaking out of a multi-year range following hawkish Fed repricing and rising July hike probabilities; this will put significant pressure on Asian FX, making the dollar a powerful play against non-tech assets.
US Dollar Index (DXY) MED
Isaac Poole CIO, Ascalon Capital 51:35
Long US Treasuries as yields offer value.
US 10-year Treasury yields above 4% historically offer good returns; the Fed is done easing and unlikely to hike further, making duration attractive for the next six months, with the intention to jawbone long-end yields lower.
TLT MED
Isaac Poole CIO, Ascalon Capital 53:11
Asian equities benefit from lower yields, oil.
Asian equities (ex-Japan) should perform relatively well as longer-dated yields move lower and oil comes off its peaks, creating a historically favorable environment; relative valuation and absolute fundamentals support the region.
AAXJ MED
Isaac Poole CIO, Ascalon Capital 55:14
Avoid Japan equities amid BOJ pain.
Japan equities face significant headwinds; the Bank of Japan's hikes will cause economic pain, structural improvements are already priced in, and cyclical downside risks are not yet reflected, questioning the rally's durability.
N225 MED
Isaac Poole CIO, Ascalon Capital 57:40
Australian bonds attractive as RBA nears cuts.
Australian government bonds are very attractive as the RBA is closer to cutting than hiking; yields from 5.25% recently presented a generational entry, and there is still scope for yields to fall below 5%, delivering strong upside.
Australian 10-Year Government Bond Futures MED
Stephen Pinsky Bloomberg Asia Energy Reporter 67:42
Oil to decline on oversupply, weak demand.
Oil has further downside as the Strait of Hormuz reopens, unleashing a wave of supply from stuck tankers; Chinese demand remains weak, sanctions waivers could unlock more Iranian barrels, and the global supply glut will push Brent and WTI lower.
WTI Crude Oil (CL) BRENT HIGH
Up Next
6:12:46
[June 26, 2019 Morning Broadcast Full View] New York Stock Market Closes Up Amid Expectations of Intel-Apple Cooperation...Phil-Semiconductor Index +6% 'Surges
3PRO TV (삼프로TV) · Jun 19
31:04
Sailor in Crisis' Bitcoin, STRC. MSTR - Must Give Up One of the Three to Survive | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk Digital Asset Editor-in-Chief [Crypto PLUS]
3PRO TV (삼프로TV) · Jun 19
52:03
Japanese Stock Market Upheaval! Market Cap #1 Changed, What Kioxia's Rapid Rise Tells Us_26.06.19. | So Jin-woong, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
3PRO TV (삼프로TV) · Jun 19
21:33
Reconstruction Theme Over? It's Just Starting | Kim Seung-jun, Hana Securities Research Center Research Fellow [Double Up]
3PRO TV (삼프로TV) · Jun 19
7:22
Why Pandl Calls Gold and Bitcoin Buys Here
Unchained (Chopping Block) · Jun 19

This Bloomberg Markets video, published June 19, 2026, features Anthony Stevens, Isaac Poole, Stephen Pinsky discussing SOX, US Dollar Index (DXY), TLT, AAXJ, N225, Australian 10-Year Government Bond Futures, WTI Crude Oil (CL), BRENT. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anthony Stevens, Isaac Poole, Stephen Pinsky  · Tickers: SOX, US Dollar Index (DXY), TLT, AAXJ, N225, Australian 10-Year Government Bond Futures, WTI Crude Oil (CL), BRENT