Bloomberg Daybreak: Asia Edition

Listen for business and finance news centered in the Asia-Pacific region. Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

  1. 2d ago

    Samsung Chip Profit Misses Estimates, Fed Holds Rates Steady

    Business and finance news from the Asia-Pacific. Technology shares fell, snapping this week's rally, after disappointing earnings from two industry heavyweights revived concerns about the billions of dollars companies are pouring into artificial intelligence. Samsung Electronics Co. shares dropped more than 5% after profit missed estimates, dragging down the Kospi Index — a bellwether for the AI trade — by 2.9%. That marked a sharp reversal from Wednesday, when the gauge posted its biggest rally since July as strong earnings from chipmaker SK Hynix Inc. fueled gains across technology stocks. Alphabet Inc. slumped 10% in extended trading after sales underwhelmed, reinforcing investors' fears that Google is losing ground to AI rivals despite pouring hundreds of billions of dollars into the technology. Futures for the Nasdaq 100 Index slid 1.3%, after the underlying benchmark climbed for the past three days. The broader MSCI Inc.'s Asia Pacific equities reversed earlier gains to drop 0.7%. The news wasn't all bad as Microsoft Corp. shares rose 2.9% in after-hours trading on solid cloud sales, while Oracle Corp. earlier surged 11% after issuing a long-term outlook for free cash flow. A gauge of Oracle's credit risk improved the most in nearly nine months. To break down Samsung's earnings, Bloomberg's Yvonne Man and David Ingles spoke to  Sanjeev Rana, Head of North Asia Semiconductors Research at CLSA And - Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy. Operating within his self-imposed communication boundaries, Warsh used his assessment of a strong economy and warnings over persistent inflation to signal the Fed's job is not yet done. The message reinforced expectations that officials will raise borrowing costs in December — after holding them steady Wednesday — with the potential for another increase in early 2027. Still, Warsh was careful to leave his options open. Bloomberg's Yvonne Man and David Ingles spoke to Larry Hatheway, Head of Research and Global investment Strategist at the Franklin Templeton. See omnystudio.com/listener for privacy information.

  2. Oct 23

    Tech Stock Selloff Deepens, AI Safety Discussion

    Business and finance news from the Asia-Pacific. The global rout in technology stocks this week deepened as investors rotated out of the hottest trade of the year and sought safety in Treasuries and currencies such as the yen. Crude oil extended its gains. After a sharp drop in chip stocks on Wall Street, the weakness spread across Asia, led by South Korea's Kospi Index — a bellwether for the artificial intelligence trade. The index fell 1.5%, putting it on course for its worst close since April as chip heavyweight Samsung Electronics Co. retreated. MSCI Inc.'s Asia Pacific equities gauge fell 0.7%, hovering around levels last seen in July. The rout in the artificial intelligence trade drove investors toward the safety of bonds. Treasuries held the previous session's gains after staging their biggest rally in more than two years. The benchmark 10-year yield, which fell 17 basis points Thursday, traded at 4.97%. Government debt in Japan and Australia tracked that move and advanced. We speak to Winnie Hsu, Asia Equities Reporter. And - rising anxiety over catastrophic risks from artificial intelligence has spurred a groundswell of calls in Washington and Silicon Valley for new safeguards on the rapidly evolving technology, yet there's little consensus on next steps. For more on this, Bloomberg's Haidi Stroud-Watts and Paul Allen spoke to FailSafe President and Co-founder Wui Foo. See omnystudio.com/listener for privacy information.

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Listen for business and finance news centered in the Asia-Pacific region. Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

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