AI Mania Shows Cracks as Asia Sells Off and War Risks Spike | Insight with Haslinda Amin 06/08/2026

Watch on YouTube ↗  |  June 08, 2026 at 05:59  |  47:33  |  Bloomberg Markets
Speakers
Martin Horne — Co-Head of Global Investments, Barings

Summary

The video covers a severe tech-led selloff in Asian markets, particularly South Korea, driven by unwinding of leveraged AI bets and strong US jobs data raising rate expectations. Geopolitical escalation between Israel and Iran pushes oil prices higher, with Barings' Martin Horne warning markets are underpricing energy supply risks. Indonesia's assets continue to decline due to policy uncertainty, while India unveils a policy bazooka to attract foreign inflows and defend the rupee.

  • Asian tech stocks, especially in Korea and Taiwan, plunge as leveraged AI positions unwind.
  • South Korea's KOSPI drops up to 8% triggering circuit breakers, but remains up 80% year-to-date.
  • Israel strikes Iran after missile attack, disrupting fragile cease-fire and sending oil higher.
  • Martin Horne argues energy buffers are depleted and oil prices are set to surge further.
  • Indonesia's market hits fresh lows on policy uncertainty, falling 39% from highs.
  • India's government and RBI announce coordinated measures to attract $50 billion in inflows.
  • Nomura's Sonal Varma says India's balance-of-payments deficit can be plugged for the current fiscal year.
  • Geopolitical risks and higher US rates pose macro headwinds to the AI narrative.
Trade Ideas
Martin Horne Co-Head of Global Investments, Barings 10:40
Korea will continue to go upwards.
South Korea is one of the most concentrated plays on AI, with its stock market heavily impregnated with technology and also benefiting from defense stocks. Despite today's selloff, the market is up 80% year-to-date and the underlying AI story should continue to push it higher. The pullback is a buying opportunity in a structurally positive trend, though volatility is extreme.
EWY MED
Martin Horne Co-Head of Global Investments, Barings 20:05
Oil prices can surge from here.
Markets are underpricing oil shocks because energy supply buffers are being depleted, European gas supplies are 15% below seasonal norms, reopening the Strait of Hormuz would take at least 30 days even with an immediate agreement, and winter is approaching. Geopolitical escalation between Iran and Israel raises the risk of sustained supply disruption, so oil prices are likely to surge from here.
BNO HIGH
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This Bloomberg Markets video, published June 08, 2026, features Martin Horne discussing EWY, BNO. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Martin Horne  · Tickers: EWY, BNO