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US Tech Rebounds, Traders On Yen Intervention Watch | The Asia Trade 6/30/2026

Watch on YouTube ↗  |  June 30, 2026 at 03:56  |  1:34:34  |  Bloomberg Markets
Speakers
John Authers — Senior Editor for Markets, Bloomberg Opinion
Ruth Carson — Correspondent, Singapore
Tom Kang — Head of Content, Messari
Chris Brigati — CIO, SWBC
Rong Wei Neo — Energy Market Correspondent
Bloomberg Asian Equities — Asian Equities Reporter, Bloomberg
Tom Bartlebaugh — CEO, Miniso USA
Anthony Stevens — Bloomberg Market Producer
Shery Ahn — Anchor, Bloomberg Television
Peter Beck — President and CEO, Rocket Lab

Summary

Bloomberg's Asia Trade covers a US tech rebound lifting Asian futures, the yen hitting a 40-year low and intervention watch, South Korea's $880 billion AI chip investment plan, oil market dynamics around Strait of Hormuz peace talks, and a divergence between onshore and offshore China AI stocks. Guests express bullishness on the US dollar, Indian equities, memory chipmakers Samsung/SK Hynix/Micron, and Miniso, while turning bearish on Brent crude.

  • US tech and chip stocks rebound, lifting Asian futures but without strong conviction from some market participants.
  • Japanese yen hits a 40-year low near 162 per dollar, with traders on intervention watch and a Citi long-yen call scrapped.
  • South Korea announces an $880B plan to double DRAM capacity, with Samsung and SK Hynix each building two new fabs.
  • Oil prices under pressure as Morgan Stanley cuts Brent forecasts, citing faster Strait of Hormuz reopening, high US exports, and muted Chinese imports.
  • Chris Brigati (SWBC CIO) sees the AI trade as multi-year and favors memory chipmakers Samsung, SK Hynix, and Micron, plus KOSPI on dips.
  • Onshore China AI hardware stocks rally sharply while offshore Chinese tech underperforms; Goldman Sachs prefers onshore.
  • Miniso USA CEO Tom Bartlebaugh paints a bullish US expansion picture with resilient consumer demand and sustainable margins.
  • Fed independence gets a near-term win from the Supreme Court, but the path to dismiss Governor Cook remains open.
Ideas
John Authers Senior Editor for Markets, Bloomberg Opinion 6:25
India due for rebound post-Strait closure.
Countries that were particularly on the wrong end of the Strait of Hormuz closure may be due for a rebound, with India being the most obvious example.
INDA MED
Ruth Carson Correspondent, Singapore 8:22
Buy US dollar across the board.
Fed Chair Warsh is more hawkish than expected, rate differentials support the dollar, and the AI boom is a dollar positive, so investors should buy the dollar against almost everything.
USD HIGH
Tom Kang Head of Content, Messari 14:49
Long Samsung, SK Hynix on secured contracts.
Samsung and SK Hynix have secured long-term contracts with key clients who pay upfront to secure capacity, providing at least two years of demand visibility and making their investments safer despite oversupply risks.
005930.KS 000660.KS MED
Tom Bartlebaugh CEO, Miniso USA 26:34
Long Miniso on US growth momentum.
US consumer demand remains resilient, Q3 and Q4 look strong, margins are sustainable, and 20% store count growth with exclusive IP launches will drive sales; tariffs are not a concern.
MNSO HIGH
Rong Wei Neo Energy Market Correspondent 41:54
Short Brent on oversupply outlook.
Faster-than-expected reopening of the Strait of Hormuz, high US exports, low Chinese imports, and a return to oversupply in 2027 will push oil prices lower; Morgan Stanley has cut its Brent forecast sharply.
BNO MED
Chris Brigati CIO, SWBC 53:27
Long Samsung, SK Hynix, Micron for AI.
The AI trade is a multi-year theme; memory chipmakers Samsung, SK Hynix, and Micron are directly benefiting from rising AI memory demand and have more upside despite big runs.
MU HIGH
Chris Brigati CIO, SWBC 54:37
Watch yen for stability then buy.
The yen is at a 40-year low with more downside likely; once stability appears it will be an opportunity to buy the yen, but not yet.
JPY LOW
Chris Brigati CIO, SWBC 55:55
Buy KOSPI on dips in Samsung/Hynix.
The KOSPI is heavily concentrated in Samsung and SK Hynix (~50% of index); any pullback in these stocks driven by AI volatility would be a good entry point because the AI trade has legs.
EWY MED
Shery Ahn Anchor, Bloomberg Television 67:38
Long Japanese exporters on yen weakness.
The weak yen is delivering a profit windfall to Japanese exporters, especially carmakers, making them attractive as they benefit from the currency's 40-year low.
Japanese Exporters MED
Bloomberg Asian Equities Asian Equities Reporter, Bloomberg 79:20
Long onshore China AI over offshore.
Onshore China stocks (CSI 300) are benefiting from an AI hardware rally, with strong gains in upstream supply-chain names, while offshore China stocks underperform due to macro headwinds; Goldman Sachs prefers onshore over offshore for AI exposure.
CSI 300 Index HIGH
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This Bloomberg Markets video, published June 30, 2026, features John Authers, Ruth Carson, Tom Kang, Tom Bartlebaugh, Rong Wei Neo, Chris Brigati, Shery Ahn, Bloomberg Asian Equities discussing INDA, USD, 005930.KS, 000660.KS, MNSO, BNO, MU, JPY, EWY, Japanese Exporters, CSI 300 Index. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Authers, Ruth Carson, Tom Kang, Tom Bartlebaugh, Rong Wei Neo, Chris Brigati, Shery Ahn, Bloomberg Asian Equities  · Tickers: INDA, USD, 005930.KS, 000660.KS, MNSO, BNO, MU, JPY, EWY, Japanese Exporters, CSI 300 Index