Risk Rally Powers Past Iran Stalemate | The Asia Trade 6/1/2026

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"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney with Haidi Stroud-Watts and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.  Chapters: 00:00:00 - Bloomberg: The Asia Trade begins 00:00:21 - Iran, US show little signs of progress towards deal 00:05:41 - AI trade drives more equity gains despite oil rally 00:11:43 - Hegseth stays quiet on Taiwan at Shangri-La Dialogues 00:16:35 - Philippine Defense Secretary Gilberto Teodoro on Taiwan ties 00:26:24 - AI bottlenecks, Nvidia rivals in focus at Computex 00:30:23 - Big tech IPOs in US to drive further gains across Asian supply chain 00:32:43 - Hanwha Aerospace Chief Strategy Officer Alex Wong on global expansion 00:36:14 - JAPAN AHEAD: Interview with APA CEO Isshi Motoya on hotels outlook, Japan tourism 00:41:52 - Breaking: Japanese firms cut capital spending over Iran stress 00:42:58 - Exclusive: Malaysian Defense Minister Mohamed Khaled Nordin on defense spending 00:47:12 - Markets open in Japan, South Korea, and Australia 00:48:40 - Breaking: South Korea's May exports rise at fastest pace since 1984 00:49:52 - Ten Cap co-founder Jun Bei Liu on AI rally & macro risk 00:56:34 - Softbank rises after announcing French data center plan 00:58:10 - US, Iran trade draft deals as Israel expands Lebanon assault 01:01:13 - Australian Defense Minister Richard Marles on increasing defense budget 01:07:03 - German Defence Chief Carsten Breuer: Clarity needed from US 01:13:41 - Breaking: South Korea's manufacturing PMI at highest since 2021 01:14:29 - AI rally continues across Asia ahead of Computex 01:18:16 - Meituan set to report narrower 1Q loss 01:21:31 - Deloitte APAC CEO Rob Hillard on AI impact on corporates 01:32:15 - New Zealand Defence Minister Chris Penk on nuclear policy -------- More on Bloomberg Television and Markets  Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.  Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/  Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/  More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio  Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals  Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

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>> THIS IS THE ASIA TRADE. I AM HAIDI STROUD-WATTS. PAUL: I AM PAUL ALLEN. BRENT CRUDE HIGHER AND INVESTORS AWAITING UPDATES ON IRAN WERE NEGOTIATIONS.

WASHINGTON AND TEHRAN TRADING MESSAGES WITH LITTLE SIGN OF PROGRESS. HAIDI: PETE HEGSETH AVOIDING MENTIONING TAIWAN WHILE HEALING IMPROVED TIES WITH BEIJING. >> I AM STEPHEN ENGLE IN TAIPEI WHERE THE AI HEAVYWEIGHTS ARE GATHERING.

THE RISE OF NVIDIA CHALLENGERS IS SET TO BE A KEY THEME ALONG WITH GROWING CONCERNS ABOUT SUPPLY SQUEEZES IN KEY COMPONENTS INCLUDING MEMORY CHIPS. HAIDI: LET'S GET YOU STRAIGHT TO THE SENATE FOR THE START OF TRADING HERE IN ASIA AS WE STILL CONTINUE

TO CONTEND WITH THE INCREASING UNCERTAINTY WHEN IT COMES TO THE U.S.-IRAN DEAL. THERE IS STILL TENTATIVE OPTIMISM THAT WE WILL GET THERE NOW. IF YOU SEE THE OUTLOOK WHEN IT COMES TO NIKKEI

FUTURES, UP BY .4%. WE ARE ALSO SEEING A LITTLE BIT OF OPTIMISM WHEN IT COMES TO THE START OF TRADING FOR THE KOSPI AS WELL. THE U.S.

AND IRAN TRADING MESSAGES, SEEKING CHANGES TO THIS DRAFT DEAL THAT WOULD EXTEND THE CEASE-FIRE AND OPEN THE STRATA PERFORMANCE. AT THE SAME TIME, WE ARE STILL SEEING ESCALATIONS AND OTHER PLACES INCLUDING ISRAEL AND LEBANON. THIS TRUTH HAS BEEN VERY BRUTAL WITH THIS PART OF

THE CONFLICT WITH HEZBOLLAH STEPPING UP ITS ATTACKS WHEN IT COMES TO THE NORTH OF ISRAEL AS WELL BUT REALLY FRONT AND CENTER IS WHETHER WE WILL GET THIS AGREEMENT BETWEEN THE U.S. AND IRAN INTO THAT POINT, THIS IS THE PICTURE AS

WE CONTINUE TO WATCH CRUDE GAINS. A LOT OF THIS UNCERTAINTY BEING SORT OF MEASURED AND THE PRICE ACTION THAT WE SEE WITH BRENT CRUDE UP BY -- ESSENTIALLY, WE HAVE THOSE GAINS BUT OF COURSE QUITE A BIT OF GIVE-AND-TAKE WHEN IT COMES TO CRUDE

PRICES. WTI BACK ABOUT THAT SORT OF 89 DOLLAR LEVEL MARK. WE ARE LOOKING AT A BIT OF SOFTNESS WHEN IT COMES TO TREASURY CONTRACTS AS WELL. A BIT OF AN EARLY BID FOR THE GREENBACK BUT

A BIT OF SORT OF SOFTNESS WHEN IT COMES TO GOLD AT THE MOMENT. LET'S GET SOME MORE WHEN IT COMES TO THE LATEST GEOPOLITICAL SITUATION. THERE IS STILL LITTLE SIGN OF CONCRETE PROGRESS TOWARD EXTENDING

THE TRUCE BETWEEN THE U.S. AND IRAN AND REOPENING THE STRAIT OF HORMUZ. LET'S BRING IN OUR BLOOMBERG SENIOR EDITOR, WENDY BENJAMINSON. WE HAVE BEEN IN THIS HOLDING PATTERN IF YOU WILL FOR A FEW DAYS AND WEEKS NOW.

WHAT WAS SORT OF THE INTERESTING DEVELOPMENTS OVER THE WEEKEND FOR YOU? WENDI: I WISH I COULD REPORT SOME INTERESTING DEVELOPMENTS. UNFORTUNATELY, WE ARE NOW JUST HE AND THE STALEMATE. I MEAN, AS YOU HAVE NOTED, THE U.S.

AND IRAN HAVE BEEN TRADING MESSAGES BACK AND FORTH BUT WE ARE ONLY HEARING THAT FROM THE IRANIAN SIDE. THE FOREIGN MINISTER SAID TODAY THAT YOU KNOW, THERE ARE THESE MESSAGES GOING BACK AND FORTH. WE HAVE NOT HEARD ANYTHING SUBSTANTIVE FROM THE U.S.

PRESIDENT SINCE FRIDAY. WHICH IN TERMS OF THESE TALKS IS ACTUALLY KIND OF A LONG TIME. HE TWEETED OR POSTED ON SOCIAL MEDIA MORE THAN 50 TIMES YESTERDAY AND YET THERE WAS NO MENTION OF THESE

NEGOTIATIONS. ON BOTH SIDES, EITHER U.S. OFFICIALS WE HAVE SPOKEN TO OR THE FOREIGN MINISTER SAY THAT YOU KNOW, WE ARE EXCHANGING THESE MESSAGES BUT THIS DEAL COULD FALL APART AT ANY MOMENT BECAUSE YOU KNOW,

PRESIDENT TRUMP HAS HIS RED LINES WHICH ARE IRAN MUST NOT -- MUST AGREE TO NEVER DEVELOP A NUCLEAR WEAPON. THEY MUST OPEN THE STRAIT OF HORMUZ, AND TRAFFIC MUST BE FLEA -- FREE FLOWING THROUGH THAT. THERE ARE A FEW OTHER SMALLER THINGS.

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