chachamal Asian equities slid on Wednesday as mounting risk aversion took hold following a renewed military flare-up between the U.S. and Iran, entirely wiping out an early-session recovery in technology shares. Concurrently, Chinese and Japanese benchmarks fell after hotter-than-expected regional inflation prints intensified market anxieties over the long-term economic impact of the Middle East c...
chachamal Asian equities slid on Wednesday as mounting risk aversion took hold following a renewed military flare-up between the U.S. and Iran, entirely wiping out an early-session recovery in technology shares. Concurrently, Chinese and Japanese benchmarks fell after hotter-than-expected regional inflation prints intensified market anxieties over the long-term economic impact of the Middle East conflict. Gold prices dropped below $4,200 an ounce. WTI crude futures climbed toward $89 per barrel. US crude oil inventories fell by 9.1 million barrels in the week ended June 5, far exceeding forecasts for a 3.4 million-barrel draw, after declining by 6.7 million barrels in the previous week. The benchmark KOSPI fell more than 2% to around 7,880. The South Korean won traded near 1,523 per dollar, extending gains for a third straight session. Japan's ( NKY:IND ) dropped 2.39% to below 65,000, while the broader Topix Index fell 0.4% to 3,880 on Wednesday . The Japanese yen traded around 160.3 per dollar. On the data front, Japan’s producer prices rose 6.3% year-on-year in May 2026 , accelerating from a 5.3% gain in April and beating market forecasts of 5.5%. On a monthly basis, producer prices rose by 0.9%, slowing from a revised 2.8% surge in April. China's ( SHCOMP ) fell 0.58% to 3,995, while the Shenzhen Component dropped 1.4% to 15,063, and the offshore yuan firmed to around 6.77 per dollar as investors assessed the latest inflation data and their implications for China's economic outlook. On the data front, China’s annual consumer inflation held steady at 1.2% in May 2026, coming in slightly below market expectations of 1.3%. Meanwhile, producer price index inflation accelerated to 3.9% year-on-year, matching forecasts and marking its fastest growth pace since July 2022. Hong Kong ( HSI ) fell 1.55% to 24,350 on Wednesday, extending losses to a sixth consecutive session. India ( SENSEX ) rose 0.66% to 74,402 at the open on Wednesday, extending gains from the previous ...
Erik Isakson IPO-bound OpenAI ( OPENAI ) is in talks to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia ( NVDA ), The Information reported on Tuesday. The campus could cost at least $500B to build, based on current prices for chips, labour, power and other inputs, the report said. OpenAI would control the equip...
Erik Isakson IPO-bound OpenAI ( OPENAI ) is in talks to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia ( NVDA ), The Information reported on Tuesday. The campus could cost at least $500B to build, based on current prices for chips, labour, power and other inputs, the report said. OpenAI would control the equipment at the facility under a 20-year lease, with payments starting once operations begin; the first phase is expected in 2028, the report added. The facility, among the largest of its kind, would be developed by SB Energy, a unit of SoftBank ( SFTBY ), on Department of Energy land in southern Ohio. Nvidia is expected to supply hardware in the facility and provide a financial guarantee for OpenAI's lease and SB Energy's financing, according to the report. More on OpenAI, Nvidia Wall Street Lunch: Hot Labor Market Defies Predictions Of AI-Led Job Losses Google TPU V8 Vs. Nvidia: How Inference Is Rewriting The AI Market Nvidia: Downgrade To Hold As Earnings Fail To Push Price Higher Apple extends Private Cloud Compute through collaboration with Google and Nvidia Gemini and Claude continue to chip away at ChatGPT's market share: BNP
Jeff Li, Global Equity CIO at E Fund HK, says he expects technology fundamentals to drive equity markets as the macro environment becomes “relatively tighter.” He speaks with David Ingles from the sidelines of “Bloomberg Invest Hong Kong.” (Source: Bloomberg)
Jeff Li, Global Equity CIO at E Fund HK, says he expects technology fundamentals to drive equity markets as the macro environment becomes “relatively tighter.” He speaks with David Ingles from the sidelines of “Bloomberg Invest Hong Kong.” (Source: Bloomberg)
The number of bearish options tied to South Korea’s Kospi 200 Index has climbed so sharply relative to bullish wagers that it is nearing a level that previously foreshadowed market declines. The ratio between protective puts and bullish calls approached 2.5 times at the latest close, its highest level in five years. The indicator has reached that threshold only a handful of times before. When it r...
The number of bearish options tied to South Korea’s Kospi 200 Index has climbed so sharply relative to bullish wagers that it is nearing a level that previously foreshadowed market declines. The ratio between protective puts and bullish calls approached 2.5 times at the latest close, its highest level in five years. The indicator has reached that threshold only a handful of times before. When it rose above 2.5 in July 2007, the Kospi 200 fell almost 17% in the following month. After crossing that level in January 2021, it slid more than 5% over the next three weeks. The powerful rally in Korean stocks has begun to lose momentum as investors grow more cautious on artificial-intelligence shares amid concerns that sticky inflation could keep interest rates higher for longer. While the benchmark Kospi index remains the world’s best-performing major equity gauge this year, it has lost almost 14% since a peak last week. Meanwhile, a measure of expected swings sits near a record high relative to Wall Street’s VIX volatility index. “The put-call ratio is offering one more indication of a cooling in the global momentum trade, in which Korea participated heavily,” said Arun Singhal, the chief executive officer at Indicus Capital, an advisor to family offices and hedge funds. “It makes sense to hedge and protect gains even at these levels, especially as interest-rate and inflation expectations are being repriced.” Leveraged ETF Goes Haywire in Korea With Wrong-Way 40% Moves World’s Hottest Market Has Korea Bulls Reaching for Protection AI Trade Unwind Rocks Korean Traders Leveraged for One-Way Bet After months of call buying by retail and institutional investors, options flows in recent sessions have pivoted toward downside protection through put buying, according to Stephane Martin , head of derivatives institutional sales for Asia at Optiver. That coincided with a surge in bearish options trading in the iShares MSCI South Korea ETF listed in the US. “The direction of the Kos...
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)