亚洲交易时段：英伟达财报前美股芯片股反弹，中国警告美制裁不会破坏对伊关系

THIS IS "THE ASIA TRADE." THE TOP STORIES THIS HOUR. ASIAN STOCKS THAT ARE GAINS. U.S. CHIPMAKERS HALTING A SEVEN-DAY LOSING STREAK AHEAD OF NVIDIA'S RESULTS. CHINA WARNS ITS RELATIONS WITH IRAN WILL NOT BE DISRUPTED AS THE U.S. THREATENS SANCTIONS ON THOUSANDS OF ENTITIES IN THE MAINLAND AND HONG KONG. PLUS, HOW AI COULD REVOLUTIONIZE DRUG DEVELOPMENT. WE LIVE AT A SUMMIT IN HONG KONG WITH THE FOUNDER OF A FARMER STARTUP -- PHARMA STARTUP.

HAIDI: LET'S GET YOU SET UP FOR TRADING THIS WEDNESDAY AS WE GET THE MIDWEEK SESSION. THE FOCUS INTENSIFYING WHEN IT COMES TO THESE NVIDIA NUMBERS. EARNINGS COMING THROUGH THE EXPECTATIONS BUILT IN LIGHT OF WHAT WE HAVE BEEN CONTENDING WITH WITH THESE REPORTED PRICE HIKES. ELSEWHERE WE DID SEE THAT BOOST FROM THE EASING OF OIL PRICES. THE NASDAQ 100 UP BY .6%. NVIDIA AND OTHER TECH NAMES AND A PRETTY GOOD POSITION AHEAD OF A BUSY SECOND HALF OF THE WEEK.

NIKKEI FUTURES LOOKING FAIRLY FLAT BUT WE SHOULD SEE A POP INTO THE START OF TRADING FOR KOREA. WATCHING APPLE SUPPLIERS AS WE SAW NEW PRODUCTS BEING LAUNCHED THROUGH APPLE. WHEN IT COMES TO THE OIL PART OF THE STORY WE ARE SEEING BRENT CRUDE HOLDING SUSTAINED LOSSES WITH NEW YORK TRADED CRUDE DOWN BY OVER ONE POINT 5%, EXTENDING TO CLIENTS AS WE SEE IRAN PUSHING TALKS TO REOPEN THE STRAIT OF HORMUZ. WE ARE TALKING ABOUT THE IDEA OF AN INTERIM FRAMEWORK TO RESUME SHIPPING VOLUMES.

WE WATCHED TREASURIES GIVEN THE LACK OF SIGNALING OR FURTHER MOVES AS THE TREASURY GAINING VERY MUCH THE PRESSURE AND CONCERNS FACING TREASURY SECRETARY SCOTT BESSENT. SHERY: LET'S GET MORE ON THE MARKET OUTLOOK WITH BLOOMBERG AND LIFE STRATEGIST MARK CRANFIELD. HEIDI MENTIONED THE VARIABLES. WHETHER IT IS LOWER OIL LEADING TO PERHAPS THE RATE EXPECTATIONS AND THE PRESSURES OF. WE HAVE SUPER HIGH EXPECTATIONS WHEN IT COMES TO NVIDIA.

HOW HEALTHY IS THIS SET UP FOR SUSTAINED GAINS? MARK: I DON'T THINK MANY INVESTORS WILL BE READING TOO MUCH INTO WHAT HAS BEEN GOING ON IN THE PAST COUPLE OF DAYS. IT LOOKS VERY MUCH LIKE TRADING WITHIN THE RANGES THEY HAVE BEEN USED TO AHEAD OF MAJOR EVENTS COMING UP. THERE ARE SO MANY ON THE CALENDAR, STARTING WITH NVIDIA. THERE IS JACKSON HOLE. MAJOR BOND AUCTIONS NEXT WEEK. LIKELY TO BE MORE DEVELOPMENTS BETWEEN THE U.S.

AND DISCUSSIONS OVER HORMUZ. THERE ARE PLENTY OF REASONS FOR INVESTORS JUST TO TRADE THE RANGE. THERE'S A BIG REPORT TODAY THAT THE TREASURY MARKET HAS DONE PRETTY WELL. 30-YEAR SINCE BESSENT STARTED WITH THE WORDS ABOUT TRYING TO DO BUYBACKS. YET IT'S A QUESTION OF DISCIPLINE FROM BOND TRADERS REDUCING THEIR RISK ON ON SPREAD TRADES, BETWEEN SWAPS AND TREASURIES AND THAT IS UNDERSTANDABLE GIVEN THERE'S BEEN SOME HEADLINES ON OIL PRICES.

IF YOU STEP BACK AND LOOK AT THE PRICE ACTION WE HAVE SEEN IN THE PAST FEW DAYS, THE ONLY THING THAT STANDS OUT AS THE BITCOIN AND GOLD HAVE BEEN STRONG. THEY ARE OUTPERFORMING MOST THINGS. OTHERWISE, BONDS, EQUITIES, EVERYTHING IS TRADING WITHIN A RANGE. EVEN OIL PRICES ARE WITHIN A WELL-ESTABLISHED RANGE. THERE IS NOTHING TOO MUCH THAT WILL CHANGE THE MEDIUM-TERM OPINION OF GLOBAL INVESTORS, PARTICULARLY IN THE MACRO SPACE.

THEY ARE WAITING FOR KEVIN WARSH TO GIVE MORE GUIDANCE OR NOT, WHICH IS QUITE POSSIBLE. HE DOES NOT LIKE GIVING MUCH IN THE TERMS OF OPENINGS TO MARKETS TO READ INTO WHAT HE HAS TO SAY. THEY WANT TO WAIT FOR THE SEPTEMBER FOMC MEETING. WE CAN EXPECT SOME CHOPPY TRADING AND NVIDIA WILL BE THE NEXT BIG THING TO DROP ON MARKETS. THERE IS A BIG CHIP'S CONFERENCE AT THE MOMENT. ANTHONY WILL TELL YOU ABOUT THAT LATER. THAT HAS GIVEN A LITTLE TO THE BOOST TO SOME OF THE TECH NAMES.

THE SOX HAD ITS BIRTHDAY HIGHER IN THREE SESSIONS. SOME MODEST GAINS WITHIN THE CONTEXT OF TREATING RANGES. HAIDI: THE LONGER FUNDAMENTAL CONCERN ABOUT WHAT HAPPENS TO THE TREASURY'S AND THE COST OF LONGER-TERM DEBT FINANCING IS STILL GOING TO BE FRONT AND CENTER. WE HEARD FROM STANLEY DRUCKENMILLER WHO IS A FORMER MENTOR OF SCOTT BESSENT, SING THE INTERVENTION WAS A MISTAKE. WILL THE DOLLAR DEBASEMENT LIKELY CONTINUE?

MARK: IT IS HARD TO SEE THAT NOT HAPPENING. BITCOIN AND OIL AND OTHER CRYPTOCURRENCIES ARE HAVING A PRETTY GOOD WEEK. THAT IS A SIGN INVESTORS ARE NOT TOO SURE WHERE THE U.S. DOLLAR WAS GOING. THEY DON'T HAVE FULL CONFIDENCE IN IT. SOME OF IT IS OUT OF BESSENT'S HANDS. THE JGB MARKET COULD BE WHY THEY ARE TRYING TO CAP LONG-TERM TREASURY YIELDS BECAUSE THEY CANNOT CONTROL THE JAPANESE MARKET. YIELDS ARE CERTAINLY PUSHING HIGHER NEXT WEEK.

WE HAVE TWO AUCTIONS, 10-YEAR AND 30-YOUR AUCTIONS IN THE JAPANESE MARKET. THEY ARE EDGING TO THE HIGHEST IN THE CYCLE. LOOKING TO PRICE IN A CONCESSION. THE BANK OF JAPAN IS UNDER PRESSURE TO RAISE INTEREST RATES SINCE SEPTEMBER. IT IS RARE FOR THEM TO DO BACK TO BACK HIKES. IF THEY GO IN SEPTEMBER, THAT MEANS OCTOBER IS PROBABLY OFF THE TABLE. THAT IS NOT GOOD ENOUGH IN THE DISCREPANCY BETWEEN YIELDS AND INFLATION FROM JAPAN AND THE RESULT IS LIKELY TO MEAN WEAKER JGB'S NEXT WEEK.

IF WE GET A WEAKER MARKET IN JAPAN THAT WILL FEED THROUGH BACK TO TREASURIES. NOW THAT THE TREASURY TRADERS HAVE REDUCED POSITIONS AT THE LONG END OF THE CURVE, THAT GIVES THEM A BETTER OPENING TO GET BACK IN IF THERE IS TURBULENCE AND OTHER MARKETS, WHETHER IT IS JAPAN OR GERMANY OR SOMEWHERE ELSE. FRENCH DEALS ARE UNDER SOME PRESSURE. IT IS A GLOBAL IMPACT WE ARE SEEING IN THE BOND MARKETS BECAUSE HE HAD A BIT OF CALM IN THE PAST COUPLE OF DAYS DOES NOT MEAN TO SAY NEXT WEEK WILL BE THE SAME STORY.

HAIDI: MARK CRANFIELD IN SINGAPORE. THE FOREIGN MINISTERS FROM IRAN AND OMAN HAVE DISCUSSED WITH A CALL AN INTERIM FRAMEWORK AT RESUMING STRIPPING -- SHIPPING TO THE STRAIT OF HORMUZ. MICHAEL HEATH, THE STALEMATE SEEMS TO BE INTRACTABLE AT THIS POINT. IS THIS IS A CASE OF WORKING OR FINDING A SHORT TERM WORKAROUND? MICHAEL: IT SEEMS THAT WAY, HAIDI. THEY ARE TALKING ABOUT AN INTERIM FRAMEWORK IN THIS TECHNICAL TALK. THE IDEA TO GET A CHANNEL THEY CAN MOVE SHIPPING THROUGH WHICH INCLUDES REMOVING MINES, WHICH IS NOT A SIMPLE THING TO DO.

THEY EXPECT TO HAVE MORE TALKS ON THIS AS WELL. IT SEEMS LIKE ALMOST A CASE OF WORKING WITH WHAT IS AVAILABLE AT THIS POINT. PERHAPS PROVIDING ANOTHER OPENING FOR TALKS DEPENDING ON WHERE THIS GOES. IT'S ONLY THE TWO OF THEM TALKING. IN THEIR VERY STATEMENTS THEY CAME OUT WITH REFERRING TO OTHER STATES IN THE PERSIAN GULF BECOMING A PART OF THIS. IF IT GETS OPEN, CAN AROUND MOVE OIL? IT IS BLOCKADED BY THE U.S. CAN WESTERN COUNTRIES GET OIL THROUGH?

THERE ARE SO MANY UNKNOWN QUESTIONS. THE IDEA OF TRYING TO GET IT OPENING IN SHIPPING AGAIN IS A STEP IN THE RIGHT DIRECTION. HAIDI: MAYBE THE MORE INTERESTING THING IS WHAT IS GOING ON WITH THIS ECONOMIC PRESSURE CAMPAIGN ON IRAN. WE KNOW IT IS GOING TO BE REALLY ON BEIJING IN TERMS OF WHAT IS COMING FROM THE U.S. WE HEARD THE DEFIANCE FROM CHINA ALREADY. WE KNOW THEY DON'T LIKE THEIR SOVEREIGN INTERESTS, EVEN THE IDEA OF IT BEING CONTROLLED BY ANOTHER NATION.

IT'S ALSO INTERESTING THAT WE ARE SEEING THE CIA DIRECTOR INTO RUSSIA AT THE MOMENT. YOU HAVE TO WONDER IF THE ISSUE OF IRAN MIGHT BE COMING UP IN THOSE CONVERSATIONS AS WELL. MICHAEL: THERE IS ZERO INFORMATION ON THE REPORT ON THE CIA DIRECTOR. MOSCOW IS AN INTERLOCUTOR IN TERMS OF WHEN IT COMES TO IRAN OR CHINA OR THESE AREAS AS WELL. YOU SUSPECT ANYTHING GOING ON THERE IS RUSSIA WOULD WANT SOMETHING TO DO WITH UKRAINE.

U.S. WOULD WANT SOMETHING TO DO WITH THE RON. IT IS PURE SPECULATION -- WITH IRAN. THE REASON THIS HAS NOT HAPPENED AS A MEANS ENGAGING WITH CHINA. EVEN THE WAY THEY APPROACH THIS IS A LOOKS LIKE THEY'RE TRYING TO THROW OUT WHAT THEY WANT AND SEE IF CHINA WILL GIVE THEM SOMETHING RATHER THAN GETTING TO A STAGE WHERE THEY GO TO CONFRONTATION. BEIJING HAS SHOWN IT IS GOOD AT THIS. IT HAS WEAPONS TO HURT THE U.S. IN TERMS OF TRADE.

THE U.S. IS AWARE THAT. THE ECONOMIC DISRUPTION IS GREAT ENOUGH THAT THE IDEA OF EXPANDING THAT IS NOT SOMETHING ANYONE WOULD WANT. IT'S A THROW OF THE DICE TO SEE WHAT THEY CAN GET OUT OF C

原文超出正文长度上限，此处截断——上游还有内容，完整版见上方「原文 ↗」。