The Iran Peace Push Stalls; India Turns to COVID Playbook | Insight with Haslinda Amin 05/11/2026

Watch on YouTube ↗  |  May 11, 2026 at 06:05  |  47:28  |  Bloomberg Markets
Speakers
Steve Brice — Chief Investment Officer, Standard Chartered
Shreehas Tambe — CEO, Biocon

Summary

The episode covers the stalled Iran peace talks, the broadening AI-driven market rally with risks in Korean equities, the upcoming US-China summit, India's fuel conservation push, and the impact of GLP-1 generics in India. Standard Chartered's CIO Steve Brice shares investment views favoring Chinese equities, selling USD/JPY, expecting lower oil, and buying Korea semiconductor dips. Biocon's CEO discusses earnings and generics strategy.

  • Iran rejects US peace proposal; deadlock continues
  • Asian stocks rally on AI trade, led by chip giants like SK Hynix
  • Steve Brice warns of potential correction in Korea but calls dips buyable
  • Brice is overweight Chinese equities citing resilient growth
  • Brice expects the Strait of Hormuz to reopen, lowering oil prices
  • Brice recommends selling USD/JPY on narrowing rate differentials
  • India's PM Modi urges fuel conservation as oil costs strain economy
  • Novo Nordisk cuts Ozempic/Wegovy prices in India amid generic competition
Trade Ideas
Steve Brice Chief Investment Officer, Standard Chartered 8:39
Buy Korea semiconductor dip
SK Hynix and Korea semiconductor stocks have strong demand driven by AI, but the rally is parabolic and extended. Any correction would be a buying opportunity because the long-term story remains intact and chip demand is insatiable.
000660.KS MED
Steve Brice Chief Investment Officer, Standard Chartered 13:37
Oil prices to fall
Oil prices will gradually decline once the Strait of Hormuz reopens, which is expected within weeks. The path of least resistance is lower oil, easing central bank pressures.
WTI MED
Steve Brice Chief Investment Officer, Standard Chartered 15:22
Overweight Chinese equities
Chinese equities are overweight because the economy shows resilient growth, inflation is not a problem, and positive nominal growth supports the market. A little inflation is beneficial for Chinese authorities.
FXI HIGH
Steve Brice Chief Investment Officer, Standard Chartered 16:11
Favor US health care
US health care sector has been underperforming relative to tech, making it a good area to invest in as it offers value and potential catch-up.
XLV MED
Steve Brice Chief Investment Officer, Standard Chartered 19:16
Sell USD/JPY
USD/JPY is a good sell going forward because interest rate differentials will narrow over time, and when markets are calm the yen tends to weaken, but ultimately the trend favors yen appreciation.
USD/JPY MED
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This Bloomberg Markets video, published May 11, 2026, features Steve Brice discussing 000660.KS, WTI, FXI, XLV, USD/JPY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Steve Brice  · Tickers: 000660.KS, WTI, FXI, XLV, USD/JPY