Aug 14, 2026 · 7 min
Asian markets split as JD.com stumbles and ASICS surges
JD.com Tanks, Taiex Index Slides, Asics Rises
The episode captures how uneven corporate results, semiconductor demand, and AI-linked investment are reshaping Asian markets and cities.
- 1JD.com reported its first quarterly revenue decline since listing, sending its shares sharply lower.
- 2Taiwanese and Korean technology stocks found support from AI-server rallies, foreign buying, memory demand, and company guidance.
- 3ASICS raised its earnings outlook as strong Onitsuka Tiger demand contrasted with recent results from major sportswear rivals.
Don't miss
ASICS raises its earnings outlook as Onitsuka Tiger demand helps it outperform the broader sportswear group.
The brief
Asian markets are pulling in different directions: JD.com weakened after its first quarterly revenue decline since listing, while semiconductor and AI-server demand supported Taiwan and Korea.
Stephen Carroll and Anthony Stephens trace the technology split through foreign buying, AI-server rallies, memory demand, and guidance that helped sustain Korean chip stocks.
ASICS raised its earnings outlook as demand for Onitsuka Tiger lifted the Japanese sportswear company, contrasting with recent results from Nike, Adidas, and On Running.
The episode then widens from market movers to smart cities, examining how AI could accelerate urban systems and how Dubai is planning around rapid population growth.
The central tension is whether technology can keep pace with urbanization: markets reward AI-linked growth today, while cities must plan for consequences over decades.
What was said on this episode
4 statements · 3 positive · 1 negative
Chinese consumer cutbacks are hurting consumer-internet businesses.
“times are tough getting money out of a stone there as the Chinese consumer cuts back. across the board.”
Listen at 0:52
Foreign investors bought approximately $4 billion weekly of Taiwan assets.
“foreigners have piled back into Taiwan after results season. They've bought about $4 billion a week to date.”
Listen at 1:36
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 1:54
Dubai responded well to population growth and has long-term urban planning.
“they reacted very well to it. They have a long-term urban planning vision”
Listen at 5:25
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.
Mentioned
JD.com
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