Name: Canada Hits US With Counter-Tariffs As Trade War Looms | Daybreak Europe 8/24/2026
Uploaded: 2026-08-24T08:41:34+00:00
Duration: 2831 s

Speakers

Unnamed Speaker — Cross Asset Strategist, Bloomberg MLIV

Isaac Thong — Co-Portfolio Manager, Aberdeen Asian Income Fund

Anthony Stevens — Bloomberg Market Producer

Lizzy Burden — Crypto Reporter, Bloomberg News

Summary

Asian markets face pressure as tech stocks, led by Alibaba and Samsung, drag down indices ahead of key Nvidia earnings. Meanwhile, geopolitical tensions rise as Canada retaliates against US tariffs and the US Treasury prepares new fiscal measures.

Asian tech stocks decline following Alibaba's $10 billion share sale and Samsung's disappointing shareholder return plan.
Nvidia reportedly plans to raise prices for its AI services by over 15% as memory costs surge.
Canada announces counter-tariffs on $20 billion of US goods after trade talks collapse.
US Treasury Secretary Scott Bessent faces market skepticism over his ability to meaningfully reduce borrowing costs.
Low water levels on the Rhine River spike freight costs, adding to European inflation concerns.
Aberdeen's Isaac Thong highlights the attractive dividend yields of Korean semiconductor companies despite near-term market disappointment.

Ideas

Unnamed Speaker Cross Asset Strategist, Bloomberg MLIV 15:06

Bessent's fiscal measures will disappoint dollar bulls.

Treasury Secretary Scott Bessent has little room to meaningfully reduce the US deficit or interest rate bill, meaning his upcoming fiscal measures will likely disappoint markets and lead to a weak week for the US Dollar.

Unnamed Speaker Cross Asset Strategist, Bloomberg MLIV 30:46

Modern warfare shifts defense opportunities to components.

The changing nature of modern warfare in Ukraine has degraded the usefulness of traditional platforms, shifting investment opportunities toward defense "picks and shovels" like optics, night vision, and drone software components.

Isaac Thong Co-Portfolio Manager, Aberdeen Asian Income Fund 35:52

Korean semi companies offer attractive, safe dividends.

Korean semiconductor companies are generating record margins and free cash flows due to tight supply, and their commitment to returning cash provides an attractive, safe dividend yield of over 2% that the market will eventually reward.

Isaac Thong Co-Portfolio Manager, Aberdeen Asian Income Fund 40:45

Tencent monetizes AI better across its platform.

Tencent is a more attractive long-term AI investment than Alibaba because it is monetizing AI across its existing platform, whereas Alibaba is forced to deploy massive capex into cloud infrastructure to compete with US hyperscalers.

Isaac Thong Co-Portfolio Manager, Aberdeen Asian Income Fund 40:45

Tencent monetizes AI better across its platform.

Isaac Thong Co-Portfolio Manager, Aberdeen Asian Income Fund 42:34

Humanoid robotics faces intense competition and uncertainty.

The humanoid robotics sector, including companies like Unitree, is too early in its corporate lifecycle and faces intense competition from domestic peers and Tesla, making it difficult to identify the eventual winners or competitive moats.

Isaac Thong Co-Portfolio Manager, Aberdeen Asian Income Fund 42:34

Humanoid robotics faces intense competition and uncertainty.

Canada Hits US With Counter-Tariffs As Trade War Looms | Daybreak Europe 8/24/2026

Summary

Ideas

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