Bloomberg Daybreak: Asia Edition Asia Stocks Rise Before Iran Talks
Apr 10, 2026
Jonathan Panikoff, director at the Scowcroft Middle East Security Initiative, offers concise analysis of US‑Iran talks and regional security. Leon Ting Tu, Managing Editor for Asia Equities at Bloomberg, breaks down Asian stock moves, energy and sector shifts. They discuss markets rallying ahead of ceasefire talks. They explore oil, Strait of Hormuz risks, China’s energy transition, airlines under fuel pressure, and AI chip demand.
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Chinese Airlines Hit Hard By Jet Fuel Shock
- Chinese state airlines are under margin pressure because they typically don't hedge jet fuel and domestic demand remains weak.
- Leon Ting Tu says the government is spending billions of yuan to support airlines, echoing COVID-era relief.
Energy Driven Inflation Gives Some Pricing Power
- Recent CPI and PPI prints in China show cost-driven inflation mainly from energy, viewed as a mixed but ultimately positive sign for price power.
- Leon Ting Tu cites Kweichow Moutai successfully passing costs to consumers as an example of companies gaining pricing power.
Korea Vulnerable To Energy But Backed By Chips
- South Korea is highly vulnerable to Middle East energy shocks but benefits from strong chip exports that cushion the economy.
- Leon Ting Tu notes the Bank of Korea held rates and that memory chip demand continues to buoy export numbers.