Jun 22, 2026 · 6 min
Asian tech shares rally on hardware and chip demand
SK Hynix Record, SMIC Rally, ONGC Muted
The divergence between booming hardware and lagging consumer tech reveals where real capital is flowing in the global AI race.
- 1Strong demand for chip and AI hardware drives significant market gains in South Korea, Taiwan, and Japan.
- 2China shows a stark divergence as hardware and AI stocks rally while consumer tech sectors remain soft.
- 3Asian oil explorers face mixed market reactions amid fluctuating global oil prices and regional geopolitical tensions.
The brief
Asia's technology and chip-related shares are experiencing a major rally, driven by strong gains in South Korea, Taiwan, and Japan. The surge highlights a growing divergence between hardware and consumer tech sectors across the region.
While hardware and AI-focused companies in China are rallying, the country's consumer tech space presents a contrasting picture of sluggishness, revealing uneven economic recovery and shifting investor priorities.
The market momentum is further complicated by mixed reactions from Asian oil explorers. These energy companies are navigating the dual pressures of fluctuating global oil prices and persistent geopolitical tensions in the region.
What was said on this episode
8 statements · 4 positive · 2 negative · 2 mixed
SK Hynix rose 4.4%, while SK Square rose 8% in Korea
“you saw SK Hynix up 4.4% and its subsidiary SK Square up 8% to lead the way in Korea”
Listen at 0:54
Chinese hardware stocks including SMIC rose 3–4%
“the hardware space is doing really well and you have names up 3 to 4% like SMIC, Hua Hung, Montage”
Listen at 2:01
Alibaba fell 3%
“Alibaba is down 3%”
Listen at 2:23
Xiaomi and BYD fell 3%
“Xiaomi or BYD, they are down 3%”
Listen at 2:27
JPU and Minimax rose around 16%
“JPU and Minimax are up around 16% today”
Listen at 2:38
Asian oil explorers have mixed performance
“Asian oil explorers are broadly mixed”
Listen at 2:57
CNOOC rose 1%, Woodside fell 1%, and ONGC was flat
“Cnoc is up 1, but Woodside is down 1% and ONGC in India is flat”
Listen at 3:10
New explorations and discovered fields will provide the next catalyst
“The next leg of the catalyst will be new explorations and new fields that they discover”
Listen at 3:21
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
Anthony Stevens
Asia
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