Program and guest
The host of Bloomberg China speaks with John Woods, CIO for Asia-Pacific at Lombard Odier. Original English title: China Tech Stocks Slide in Broad Market Rout. The subtitles cover 0:00–92:27; this article compiles only Woods’s interview segments (5:20–11:42 on the selloff, and 21:13–29:55 on the Chinese market), not the program’s other guest segments (including Lucioni on Coach’s China business, D’Andrea on the China International Import Expo, and Zhaoji Chu on China ETFs, among others).
Key takeaways
- If last night’s moves are seen as signaling a peak in AI spending, that is clearly bearish; but he leans more toward a positioning shakeout and a technical counter-squeeze. 5:20
- A 10–15% correction in the middle of a bull market is common; this may be “the most anticipated correction” in recent memory. 6:13
- The Democrats’ position on halting data-center construction in Texas has already been walked back, allowing projects under construction to be completed through 2028–2029. 7:19
- Just a few days ago, the market had added 1.5 trillion dollars to the S&P. 7:48
- China is more insulated than Japan and South Korea, so the damage will be mild; the real challenge for Chinese equities is the sharp decline over the past two or three months. 21:25
- Volatility in the U.S. AI space may instead be constructive for China. The U.S. and China have competing AI narratives, and anything that gives China’s AI infrastructure or narrative a relative advantage over the U.S. will be seen as positive by local investors. 21:51
Background and notes
This Bloomberg China episode is a daily program featuring multiple guests. The subtitles cover 0:00–92:27; this article compiles Woods’s interview segments from 5:20–11:42 and 21:13–29:55, and does not cover the other guests’ segments. The views and timestamps in the text are relayed from the original subtitles; each timestamp marks the start of the corresponding excerpt.