Bloomberg Daybreak: Asia Edition Trump's Iran Ultimatum Roils Markets
16 snips
Mar 23, 2026 Perry Wong, Milken Institute leader on Asia policy, and Martin Schulz, international equities chief at Federated Hermes, discuss market reactions to Middle East tensions and oil volatility. They cover tactical moves during heightened risk, why Japan and Korea may shine, China growth targets and energy shock implications. Short, timely takes on positioning and regional economic risks.
AI Snips
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Transcript
Episode notes
Volatility Calls For Caution Not Panic
- Markets are nervous but should prompt caution not panic amid the Iran conflict's early volatility.
- Martin Schulz says geopolitical risk is another “brick in the wall of worry,” with duration and oil price key determinants of impact.
De‑Risk Now And Have A Midterm Buy Plan
- Rebalance exposure and prepare a medium‑long plan for high-quality names during this volatility.
- Schulz recommends trimming cyclical or regionally exposed positions and considering Latin America, consumer, Japan, and Korea for mid/long term buys.
AI Demand Durable But Oil Could Undo Gains
- The tech/AI-led demand story (notably Korea) remains intact but is sensitive to oil-driven macro shifts.
- Schulz notes a critical 4–6 week peak of uncertainty; sustained oil above $90 would materially harm activity.