Zhipu Surges After $4B Share Sale| The China Show 7/9/2026

Summary

The China Show covers the escalation of US-Iran conflict driving oil prices higher, a hawkish Bank of Korea tilt, and Fed minutes highlighting AI-driven inflation concerns. Guests discuss investment opportunities in AI, US equities, Korea, Singapore, European banks and onshore China, while an opinion piece argues electrification will structurally destroy oil demand.

• US strikes Iran for a second day, revoking oil waivers and threatening more escalation; oil prices surge above $80.
• Bank of Korea signals need for rate hike ahead of July meeting, citing inflation, growth and financial stability risks.
• Fed minutes reveal officials see AI build-out as a broad-based inflation driver, adding to trade war and tariff worries.
• Zhipu prices $4B share placement at low end, Luxshare debuts in Hong Kong as the city's biggest listing of the year.
• Morgan Stanley's Robin Xing sees China's K-shaped economy persisting, with weak consumer demand needing social-welfare reform.
• Eastspring's Nupur Gupta is positive on Korea, Singapore, European banks and onshore China, while cautious on China tech.
• Temasek CIO Rohit Sipahi Malani is bullish on AI and US equities, citing strong earnings growth and reasonable multiples.
• Bloomberg Opinion's David Kling argues electrification, not oil reserves, is the best defense against future oil crises, implying structural oil demand decline.