Global Stocks Rally on Hopes of US-Iran Deal | The Asia Trade 5/29/2026

Watch on YouTube ↗  |  May 29, 2026 at 03:24  |  1:11:58  |  Bloomberg Markets
Speakers
David Savage — Editor, The Block
Pooja Malik — Anchor, CoinDesk TV
Carol Schleif — Chief Market Strategist, BMO Private Wealth

Summary

The video covers Asian market reactions to a tentative US-Iran ceasefire extension, AI-driven equity rallies, and inflation concerns. It features discussions on bond yield outlook, Korean tech stock concentration risks, and investment opportunities in Chinese AI software and energy. Key guests include strategists from BMO, Nipun Capital, and Mitsui's CEO on LNG demand.

  • US and Iran reach tentative 60-day ceasefire extension pending Trump approval, boosting risk assets.
  • Oil prices ease on ceasefire hopes but remain elevated above $90; inflation risks persist.
  • David Savage (Bloomberg) expects long-term bond yields to rise due to AI-driven growth and inflation.
  • Pooja Malik (Nipun Capital) recommends Chinese AI software stocks Alibaba and Tencent as underappreciated AI plays.
  • Pooja Malik also advocates for oil and upstream energy positions as a structural long on AI energy demand.
  • Korean chip stocks (Samsung, SK Hynix) surge but forced selling due to concentration limits poses risks.
  • Japan's Tokyo inflation slows, complicating BOJ rate hike expectations; yen near 160 intervention zone.
  • Mitsui CEO outlines plans to expand LNG investments globally to meet rising data-center power demand.
Trade Ideas
David Savage Editor, The Block 8:50
Long bond yields headed higher
Long-term bond yields are likely to move higher in the near term because AI capex spending is boosting both inflation and growth, and unless the Fed signals a preemptive pivot, the direction of travel for yields at the long end is up.
TLT MED
Pooja Malik Anchor, CoinDesk TV 54:45
Long Alibaba and Tencent in China
China is likely to see AI software winners rather than hardware winners, and Alibaba and Tencent are the largest software companies in China that have not run up like hardware stocks. Alibaba's open-source model is widely downloaded and they have a full-stack AI development, making them attractive as AI plays in China.
TCEHY BABA HIGH
Pooja Malik Anchor, CoinDesk TV 55:25
Long oil and upstream energy
Oil and upstream energy are good places to be for diversification because the AI buildout creates huge structural demand for energy, providing a long-term tailwind for oil and energy stocks.
XLE WTI MED
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This Bloomberg Markets video, published May 29, 2026, features David Savage, Pooja Malik discussing TLT, TCEHY, BABA, XLE, WTI. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: David Savage, Pooja Malik  · Tickers: TLT, TCEHY, BABA, XLE, WTI