Bloomberg Daybreak: Asia Edition Stocks Decline as Traders Retreat from Tech, Micron Earnings
Dec 18, 2025
Paul Dobson, Bloomberg's Executive Editor for Asian Markets, dives into the current market landscape where Asian stocks are feeling the heat from US tech declines. He discusses the implications of Micron's strong earnings amidst rising AI demand and how this is influencing regional investor sentiment. Dobson also touches on China's bustling chip IPO market, highlighting the intense domestic interest. Lastly, he assesses the pressures on the Chinese property sector, particularly Vanke's debt challenges and the broader risks involved.
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AI Demand Tightens Memory Market
- Micron's blowout quarter highlights AI-driven demand and tight supply for memory chips.
- Jake Silverman attributes strong margins to pricing power from HBM shortages fueled by AI workloads.
US Tech Nervousness Drives APAC Open
- US tech weakness and Oracle financing news created risk-off sentiment into the Asia open.
- Paul Dobson expects APAC markets to react more to Nasdaq angst than to positive chip results initially.
Explosive Chinese Chip IPOs
- Chinese chip IPOs have seen explosive first-day gains driven by domestic enthusiasm.
- Paul Dobson notes MetaX and MoreThreads surged hundreds of percent on debut amid strong local demand.