Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
SK Hynix Inc. earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit, a record outlay that coincides with growing fears about overinvestment in AI capacity. SK Hynix said it expects its capital investments to rise around 50% to at least 45 trillion won ($31 billion). It posted margins of more than 80% for the June quarter — a high watermark — because of the endemic memory shortages that have helped raise prices it charges customers like Apple Inc. and Nintendo Co. Yet the Korean company's shares fell 11% in Seoul Wednesday, reflecting both the sky-high expectations that surround the AI industry's linchpins and the growing concerns that big tech firms such as Meta Platforms Inc. are building more data centers than they need. Korea's benchmark KOSPI fell for a second straight day. We speak to Winnie Hsu, Bloomberg's Asia Equities Reporter.
And for more analysis on SK Hynix earnings, Bloomberg TV hosts Yvonne Man and David Ingles spoke to SK Kim, Senior Analyst at Daiwa Capital Market Korea.
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Business and finance news from the Asia-Pacific.
A selloff in global semiconductor stocks deepened, as investor sentiment continued to worsen over the sustainability of the artificial intelligence boom. The losses point to deepening concerns over crowded equity positioning and rising corporate debt levels as the AI buildout progresses, with Nvidia Corp.'s fresh round of deals and technological advances from Chinese peers adding pressure. We speak to Lauren Cassidy, Founder & Chief Investment Officer of Founder ETFs.
Plus - Oil extended a steep decline after President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks. Bloomberg TV host Haidi Stroud-Watts spoke to S​​ara Vakhshouri, SVB Energy International Founder and President.
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Business and finance news from the Asia-Pacific.
Oil dropped, stocks and bonds rose as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies after a recent escalation in the conflict.
Three days of Group-of-Seven central bank decisions begin with the Fed on Wednesday, followed by the Bank of England and the Bank of Japan. While no changes are expected in interest rate policy, officials are likely to emphasize vigilance over the inflationary impact of higher energy prices. Bloomberg TV host Haidi Stroud-Watts spoke to Diana Mousina, Deputy Chief Economist at AMP.
Plus - Investors are looking to Monday's trading debut of CXMT Corp. to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant's initial public offering. The chip-heavy Star 50 Index fell into a bear market this month as funds repositioned for the IPO, which values CXMT at $86 billion, making it China's largest-ever chip offering. Still, the valuation at about one‑tenth that of larger rival SK Hynix Inc. is seen leaving ample room for CXMT to run. It's expected to perform well given an IPO that was hundreds of times oversubscribed and that listings on the STAR Board face no daily percentage limit for the first five trading sessions. Given CXMT's heavy state backing as a key component of China's drive for tech self-sufficiency, a big jump could provide a halo effect for other local chip stocks. Bloomberg TV host Haidi Stroud-Watts spoke to Rolf Bulk, Head of Semiconductors & Infrastructure at Futurum Equities.
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In this special bonus episode, Bloomberg Tech’s Ed Ludlow sits down with Nvidia President and CEO Jensen Huang for an exclusive interview. In their conversation, Huang says “this is the golden ages for Korea” after teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. “Their semiconductor business is booming. Their industrial business is booming. You know, this is a country that has the ability to help the world build out the AI infrastructure.” Huang speaks to Ludlow after the CEO’s appearance at a Korean AI Summit and meeting with South Korean President Lee Jae Myung. Listen for their full conversation on Nvidia’s investment in South Korea and the latest in the AI space.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to the next decision from the Federal Reserve and a preview of three tech stocks for the week ahead.
In the UK – a look ahead to the next monetary policy decision from the Bank of England.
In Asia – a look ahead to the next monetary policy decision from the Bank of Japan.

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