Aug 14, 2026 · 7 min
Asia markets split as JD.com falters and Asics surges
JD.com Tanks, Taiex Index Slides, Asics Rises
The episode tracks how weakening Chinese consumption, AI-fueled Taiwan valuations, memory demand and upgraded guidance are reshaping Asian equities.
- 1JD.com’s historic revenue decline reflects weakening Chinese consumer sentiment and pressures Chinese technology stocks.
- 2Taiwan’s AI-driven Taiex rally eased slightly as investors weighed demand for AI servers.
- 3Korean memory shares gained on SanDisk guidance while Asics jumped after raising earnings expectations.
Don't miss
Asics surges after upgraded earnings guidance, with momentum from its Onitsuka Tiger line highlighted as the episode’s clearest positive market signal.
The brief
Stephen Carroll and Anthony Stevens open with a split in Asian markets: JD.com reports a historic revenue decline as Chinese consumer sentiment weakens, while Taiwan’s AI-led rally pulls back slightly.
The Taiwan discussion centers on AI server demand and the market’s gains, with Semiconductor Manufacturing International Corporation adding context to contrasting Chinese technology earnings.
Korean memory stocks find support after strong guidance from SanDisk, underscoring how NAND demand is helping drive gains beyond Taiwan’s AI trade.
Asics becomes the episode’s clearest winner: upgraded earnings guidance and momentum from its Onitsuka Tiger line send the Japanese sportswear company sharply higher.
A closing Bloomberg Tech Minute adds DoorDash’s newly approved drone delivery initiatives, extending the market report into a brief technology update.
What was said on this episode
9 statements · 7 positive · 1 negative · 1 neutral
JD.com sales fell and its stock declined 11%.
“sales fell for the first time in a while and that stock is down 11%”
Listen at 1:06
SMIC reported earnings growth of approximately 4%.
“SMIC which makes semiconductors, blew the doors down in terms of earnings. They were up around 4.”
Listen at 1:11
TSMC has more than a 40% weighting in Taiwan’s index.
“TSMC dominates that index at 40% plus weighting”
Listen at 1:49
Taiwanese AI-server-related stocks have rallied strongly since earnings.
“the names underneath that that have been part of the AI server boom have been basically rallying very strongly since earnings”
Listen at 1:52
Yvin’s stock rose 6% today.
“Today for example, Yvin is up 6%.”
Listen at 2:10
Memory buyers are signing contracts covering 2028, 2029, and 2030.
“they're basically signing up for 28, 29 and 30”
Listen at 3:02
Asics reported strong results, and its stock rose 10% today.
“they're pretty strong numbers here, driven by this sportswear stuff. And it's up 10% today.”
Listen at 3:32
DoorDash is building delivery drones and received FAA approval for commercial operation.
“Doordash, the largest food delivery company in the US is building its own delivery drones and has gained the necessary FAA approvals to operate them commercially.”
Listen at 4:45
DoorDash’s robotics effort aims to reduce reliance on human couriers.
“The effort marks an expansion of DoorDash's in house robotics efforts to reduce reliance on human couriers for some orders”
Listen at 5:10
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Bloomberg Audio StudiosMentioned
SanDisk
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