Bloomberg Daybreak: Asia Edition

Mandeep Singh, Global Head of Tech Research at Bloomberg Intelligence, shares insights on the potential bubble surrounding Big Tech’s 2025 gains and highlights AI spending trends. John Liu, Bloomberg's Chief China Correspondent, discusses China’s economic priorities for 2026, focusing on consumption boosts and the troubled property market. They delve into the juxtaposition of optimistic tech investments against the harsh economic reality in China, and the implications of upcoming US-China trade dynamics on global markets.

Keith Buchanan, a Senior Portfolio Manager at Globalt, dives into the latest trends in equity markets and artificial intelligence, advocating for companies with cash flow stability. He discusses the current bond-market dynamics and the potential risks of long-end yields. Amy Xie Patrick, Head of Income Strategies at Pendal Group, provides insights on the implications of the cooling U.S. CPI data for Federal Reserve interest rate cuts and warns about the vulnerabilities in investment-grade credit amid rising AI investments. Both guests share strategies for navigating market uncertainties.

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.

Christopher Zook, Chairman and CIO of CAZ Investments, shares insights on the softening economy and the implications of recent US jobs data on interest rates. He discusses sticky inflation and market scenarios for 2026, highlighting rising electricity demands from AI. Daniel Lam, Head of Equity Strategy at Standard Chartered Wealth Solutions, tackles investor concerns around AI stocks and urges strategic investments in the sector. He also highlights India's growth potential and the themes of tech self-sufficiency in China.

Isaac Poole, Chief Investment Officer at Ascalon Capital, shares insights on the cautious market climate ahead of key US economic data and emphasizes the need for earnings re-acceleration before buying dips. He warns of sticky inflation pushing long-term yields higher. Greg Halter, Director of Research at Carnegie Investment Counsel, assesses the recent selloff in tech stocks, particularly Broadcom, and explores opportunities in banking despite risks from stablecoins. Both guests highlight a preference for US investments amid sector rotation trends.

Sian Fenner, Head of Business and Industry Economics at Westpac, shares her insights on the current economic climate in Asia. She discusses the weak activity in China, focusing on the need for more supportive policy and the implications for the property market. Fenner highlights the benefits of RMB depreciation for exporters, while cautioning about limited domestic demand. Additionally, she previews key upcoming U.S. economic data, interpreting mixed signals for the Federal Reserve's policy direction.

Michael McKee, Bloomberg's international economics correspondent, dives into the delayed U.S. jobs report, highlighting how government shutdowns create data gaps and affect monetary policy. Ben Sills, managing editor for European economics, discusses the critical upcoming Conference of Paris amid weak growth and U.S. critiques on European security. Paul Jackson, a Tokyo-based reporter, unpacks potential Bank of Japan rate hikes and the implications of inflation and currency dynamics in Japan, stressing the risk of Japan lagging behind global trends.

Dara Khosrowshahi, CEO of Uber, shares insights on the future of autonomous rides and the company's aggressive plans for robotaxi services in Asia, targeting over ten markets by next year. He discusses strategic partnerships with Chinese AV providers like Baidu and highlights the importance of navigating regulatory landscapes. Steven Schoenfeld, a market strategist, offers expertise on emerging markets and volatility in tech stocks, focusing on the attractiveness of Brazil, India, and Vietnam amid shifting market dynamics.

Jeff Grills, Head of U.S. Cross Markets and Emerging Markets Debt at Aegon Asset Management, explores the implications of recent Fed rate cuts on emerging markets and outlines expectations for future easing. Christina Woon, Portfolio Manager at Eastspring Investments, shares insights on Asian equities, particularly around the AI trade and opportunities in Korea. Both guests highlight the importance of selective investment strategies in the current market landscape, reflecting on the effects of a softer dollar and tight memory chip supply.

Chi Lo, a Global Market Strategist at BNP Paribas, dives into China's rapidly advancing chip manufacturing, highlighting its competitive edge despite U.S. restrictions. He forecasts China's growth rates of 4.5–5% over the next few years and discusses the impact of geopolitical tensions on trade. JoAnne Bianco, a Senior Investment Strategist at BondBloxx, anticipates a quarter-point cut from the Fed while raising concerns about inflation risks from over-easing. She advises on navigating volatility in bond markets and identifies attractive areas for fixed income investment.