美光财报超预期带动亚洲科技股，油价回落致能源与银行承压
Micron Rises, Northern Star Resources Falls, Samsung Up | Stock Movers
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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 now at some [music] stocks on the move today in Asia. I'm Nathan Hager alongside Caroline Hecker, joined by Bloomberg Markets reporter Anthony Stevens. So, here we are, Anthony. Another quarter, another earnings beat from Micron Technology. Is the US memory chipmaker the rising tide that lifts Asia's boat this morning?
《股市动向报告》，为您汇总在股市中采取行动的公司，利用彭博数据的力量。现在让我们来看看亚洲今天正在变动的[音乐]股票。我是内森·黑格，与卡罗琳·赫克在一起，还有彭博市场记者安东尼·史蒂文斯加入。所以，安东尼，我们在这里了。又一个季度，美光科技再次超出预期。这家美国内存芯片制造商是否是今天早上抬升亚洲船只的那股上涨浪潮？
Yeah, we had a pretty good start in terms of that uh that earnings guidance, the amazing result in terms of beat and raise. Uh and there was a little bit of a slow start in Asia because the US yields were still an overhang and there was some concern around a profit bubble, but their comments around capex were unanimous positive. So Japan went off to the races early with the likes of laser techch up almost 9% Advantist up almost 9% uh and in general Taiwan as well Murata leading also passive makers including Yagio in China in sorry in Taiwan both those stocks up over 5% and that's because of what they said in terms of go forward memory into 2027 2028 they still see strong memory demand so all the printed circuit board makers, substrate makers, everything that is required to connect memory to other stuff is also doing really well.
是的，就盈利指引而言，我们有了一个相当不错的开始，在超预期和提高预期方面取得了惊人的结果。亚洲的开局有点缓慢，因为美国收益率仍然是一个悬而未决的问题，并且人们对利润泡沫有些担忧，但他们关于资本支出的评论都是一致的积极态度。因此，日本早早地开始了行动，激光技术上涨近9%，Advantest上涨近9%，台湾整体也是如此，村田制作所领涨，包括中国的Yageo（应为台湾的Yageo）在内的被动元件制造商，这两只股票均上涨超过5%，这是因为他们在谈到2027年和2028年的未来内存需求时，仍然看到强劲的内存需求，所以所有印刷电路板制造商、基板制造商以及连接内存与其他设备所需的一切也都表现非常好。
And it's interesting to note that now as you guys come in and oil drops, there's a little bit of space for Samsung and Highix to rip as well. So, we're having a pretty much allin um session in terms of tech. Everything is strong going into Europe open.
有趣的是，随着你们进场且油价下跌，三星和高鑫也有了一定的上涨空间。因此，我们在科技板块几乎是一边倒的强劲局面。在欧洲开盘之际，一切都很强劲。
Yeah. Okay. That's that's interesting. Um although our store futures are not that strong are they at the minute in Europe. In terms of um the bond market backdrop though rising yields around the world very tough quarter for for sovereign bonds. It's not such good news for banks in Asia either. They're really getting clobbered. Just tell us about why that is.
是的。好的。这很有趣。嗯，虽然我们的欧洲期货目前并不那么强劲，对吧？不过，从债券市场的背景来看，全球收益率上升，这对主权债券来说是一个非常艰难的季度。这对亚洲的银行也不是什么好消息。它们真的受到了重创。请告诉我们为什么会这样。
And that is one of the reasons why European futures are kind of weak and on the back foot right is it's very bank heavy in Europe. Banks have led the rally on the way up. uh and now we see a little bit of a change in the yield curve uh where front end rates are coming off uh given that kind of softish PC number from the US uh and that's taken off some of the sting from the immediate rate hike cycle uh and instead the pressure has been transmitted to the 10 and the 30 years.
这也是欧洲期货疲软和处于守势的原因之一，因为欧洲银行业占比很重。银行在之前的上涨中引领了反弹。现在我们看到收益率曲线发生了一些变化，前端利率有所下降，鉴于美国发布的略低于预期的PC数据，这减轻了对立即加息周期的部分压力，而压力则转移到了10年期和30年期国债上。
So banks now face a prospect of potentially having a slower bunch of rate hikes across the DM world while still taking investment losses on the long end. Uh and in particular that hurts Japan and Australia uh given the big kind of local participation in the bond markets. You're seeing that in Mitsu Mitsubishi UFJ that's down almost 3%. Uh Sumitomo Mitsui Financial is down two and a half and in Australia the market is enduring one of its worst days in months. uh A&Z is down two and a half and National Australia Bank is down 2.6 and the interesting thing between banks and tech is that MXAP is almost flat
因此，银行现在面临的前景是，在发达市场（DM）范围内可能经历一波放缓的加息周期，同时仍需在长端资产上承受投资损失。特别是日本和澳大利亚受到的冲击较大，因为这两个国家的债券市场本地参与度很高。三菱UFJ银行股价下跌近3%就体现了这一点。三井住友金融集团下跌2.5%，而澳大利亚市场正经历数月来最糟糕的一天之一：澳新银行（ANZ）下跌2.5%，澳洲国民银行（NAB）下跌2.6%。有趣的是，银行股与科技股的表现对比显示，MSCI亚太指数（MXAP）几乎持平。
and we're watching uh oil move lower this morning uh Brent crude back below $100 a barrel and then some uh I guess we're seeing some bets in the market that maybe were at peak hormuse oil prices after the reports that we got this week from JP Morgan Chase and Goldman Sachs. It's been interesting to me that oil stocks did not participate on the upside as oil kind of breached 100 on the way up uh and are falling very hard on the downside as these uh kind of pro comments from JP Morgan and GMAN about exports out of the Gulf that are not from Iran picking up right and this is one of the big points of analysis in the oil market just how much oil is leaving the Middle East uh you know by pipeline by by truck and then to ship and all these alternative routes around the straits of Homo and also how much demand substitution is happening uh around the world.
我们今早关注到油价走低，布伦特原油每桶跌回100美元以下。我想我们看到市场上有一些押注，认为在摩根大通和高盛本周发布的报告之后，霍尔木兹海峡石油价格可能已见顶。对我来说有趣的是，当油价上涨突破100美元时，石油股票并未随之上涨；而当这些来自摩根大通和高盛的关于非伊朗来源的海湾出口增加的评论出现后，石油股票却大幅下跌。这是石油市场分析中的一个关键点：有多少石油通过管道、卡车运输以及船舶运输离开中东，绕过霍尔木兹海峡的其他替代路线，以及全球范围内发生了多少需求替代。
There's this really interesting piece from David Fickling at Bloomberg talking about how natural gas is being supplanted across Asia by renewable energy. So all of those uh kind of concepts are weighing on oil stocks across the region. Woodside in Australia is down 3%. Uh you have Inos in Japan down almost 3% as well. And then also you have a kind of commodity slowdown. It's being the other side of tech. So you have Northern Star down 2% uh and Evolution Mining down two and a half.
彭博社的David Fickling发表了一篇非常有趣的报道，探讨可再生能源如何在亚洲取代天然气。因此，所有这些概念都在拖累该地区的石油股。澳大利亚的伍德赛德能源（Woodside）下跌3%，日本的伊诺斯（Ineos）也下跌近3%。此外，大宗商品市场也在放缓。这与科技股形成另一面的对比：北方之星矿业（Northern Star）下跌2%，进化矿业（Evolution Mining）下跌2.5%。
So the [music] commodity and oil sector a standout week alongside the banks today. The Stock [music] Movers Report from Bloomberg Radio. Check back with us throughout the day for [music] the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen [music] to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business App.
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