三星下跌，KB金融上涨，美团跳涨 | 股票异动

[music]

Bloomberg Audio Studios, podcasts, radio, news.

The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

Let's take a look at some stocks on the [music] move today in Asia. I'm Stephen Carroll with Caroline Hepker and we're joined by our markets reporter, Anthony [music] Stevens. Anthony, let's start again with tech shares, of course, the big story on markets today, selling off after this reporting about Meta's plan to build cloud [music] infrastructure to sell AI computing power.

Yeah, the perception that they're going to be renting out excess computing power has kind of hit this go-forward case for AI in infrastructure investment. And the biggest cap impact is on the memory space in Korea. Samsung is down close to 8% and Hynix is down all more than 10% as you guys come in. And that's of course weighing on the Kospi there, the huge part of the Kospi index and huge part of the tech trade. It's also interesting that similar names in China are getting hit.

So, both the Chinese and the US AI ecosystems are getting hit quite hard. Zhongji InnoLight is down almost 7% and Eoptolink is down 11.5%. So, it's quite a big move on the AI infrastructure trade today.

Yeah, okay. There's an upside though, a rotation into banks in Korea and Taiwan.

Yeah, as we get this sell-off in AI infrastructure into the second half of the year, investors are scurrying to find out, you know, what they can buy instead and stay involved as economic growth kind of widens out. And what they've arrived upon uh starting in the US last night and into Asia is the banking sector. So, Japan banks are are up led by Mitsubishi UFJ, which is up 2% and in Korea Korean banks were up a lot before you guys came in.

There's a little bit of pairing of that gain, but KB Financial is still up 5%.

And a new AI AI name in China is making some waves in markets there, too.

Yeah, the pace of momentum in AI innovation in China on the software side continues unabated. Meituan, which is best known as a online grocery and kind of kind of a supermarket play, they've come out with a brand new model totally trained, they say, on local chips. That stock was up almost 7% on open and it's pairing a little bit. It's up three and a half. But what's very interesting is that they claim that it's a very large context window.

So it's like a frontier model. And that is hitting the established listed AI pure plays like Jiapu, which is down 13% and Minimax, which is also down 13%.

Mhm. Okay, elsewhere in terms of the markets, we're on watch for potentially further intervention into the yen market by Japan.

Yeah, it's interesting. We continue to watch for this intervention, but washed it some work for them yesterday by dialing back some of the more aggressive kind of bets on Fed hike. So the July Fed hike kind of probability came down from 36% to kind of small 30s. And that's helped relieve some pressure, but we still haven't really seen anything per se on the yen. And now we have some banks saying that they don't actually have too many intervention bullets allowed under the IMF rules.

So Commerce Bank for for example, for one says they only have two more opportunities to intervene, officially intervene. And they're going to pick their spots on that. So it'll be interesting to see what levels they do choose to do that. And it's also interesting we have this NFP that you mentioned, right? That into US holiday raises the stakes.

[music]

If it's a strong number, we might see some funkiness on the USD/JPY.

This Stock Movers Report from Bloomberg Radio. Check back [music] with us throughout the day for the latest roundup of companies making news on Wall Street. [music] And for the latest market-moving headlines, listen to Bloomberg Radio live. Catch us on YouTube, Bloomberg.com, [music] and on Apple CarPlay and Android Auto with the Bloomberg Business App