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Hormuz Traffic Nears Standstill as Iran Truce Wavers | Horizons Middle East & Africa 7/10/2026

Watch on YouTube ↗  |  July 10, 2026 at 06:22  |  46:06  |  Bloomberg Markets
Speakers
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Bilag — Reporter, Bloomberg
Onur — Managing Editor, Middle East and North Africa, Bloomberg
Rachel Ziemba — Founder, Ziemba Insights
Selena Ling — Head of Research and Strategy, OCBC
Abeer Abu Omar — Reporter, Bloomberg London
Mohammed Dewji — President, METL Group

Summary

Asian stocks rallied on renewed AI demand optimism after Micron's $250B US fab plan and ahead of SK Hynix's record US listing, led by a 5% Kospi surge. Japanese assets jumped after the finance minister urged pension funds to buy more domestic securities. Oil prices steadied but Strait of Hormuz traffic neared a standstill as US-Iran truce talks remained fragile. Other topics included Morgan Stanley's Saudi downgrade, Tanzania graphite investment, and Nigerian equity outperformance.

  • Micron's capex plan and SK Hynix's ADR pricing trigger a 5% surge in South Korea's Kospi, leading Asian gains.
  • SK Hynix's $26.5B US listing is oversubscribed 7x, marking the largest-ever foreign debut in the US.
  • Japan's Nikkei, yen, and bonds rally after the finance minister calls for GPIF to increase domestic investment.
  • Strait of Hormuz shipping traffic collapses to near zero following US-Iran airstrikes; technical negotiations continue.
  • Oil prices stabilise below $80/bbl, with markets looking past the latest escalation.
  • Morgan Stanley cuts Saudi equity outlook on easing Middle East tensions, oil price risks.
  • METL Group plans $250M graphite processing in Tanzania to serve Western demand outside China.
  • Nigerian equities overtake South Korea's in dollar returns, with S&P considering frontier market upgrade.
Ideas
Winnie Hsu Bloomberg Reporter (Asia Markets) 3:46
Chip stocks rally on AI capex confidence
Asian technology shares are rallying as Micron's $250 billion US capex plan renews optimism that AI-driven demand remains strong. Ahead of SK Hynix's massive US listing, South Korea's KOSPI is leading gains, indicating investor appetite for chip stocks.
EWY MED
Winnie Hsu Bloomberg Reporter (Asia Markets) 4:16
Japan triple rally on domestic fund rotation
Japanese assets are experiencing a triple rally after Finance Minister Katayama urged pension funds to invest more domestically. This signals a shift in capital flows, with the GPIF reducing its large overseas allocation, boosting optimism that money will rotate back into Japanese equities, yen, and government bonds.
N225 FXY JGBUX MED
Bilag Reporter, Bloomberg 42:38
SK Hynix listing signals strong AI demand
SK Hynix's record US ADR listing priced at a premium and was 7x oversubscribed, demonstrating continued robust demand for the company's dominant position in AI memory chips. The strong investor reception for the deal reflects confidence in the AI buildout and Hynix's role at its core.
000660.KS MED
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This Bloomberg Markets video, published July 10, 2026, features Winnie Hsu, Bilag discussing EWY, N225, FXY, JGBUX, 000660.KS. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Winnie Hsu, Bilag  · Tickers: EWY, N225, FXY, JGBUX, 000660.KS