Minimax Down, Nintendo Drops, MUFG Dips

0:00As a listener, you're looking for ways to help teams move faster, make sharper decisions, and turn scattered contexts into work they can use. Chatchy PT for Business can help. Chatchy PT for Business gives teams a shared workspace with admin controls, permissions, and access to work and codecs in Chatchy PT. This means your business can move from question to answer, and code to roll out quicker. Join over 10 million business and enterprise users worldwide already using Chatchy PT for work. Follow the Chatchy PT desktop app for contact sales to learn more. Bloomberg Audio Studios. Podcasts, radio, news. The Stock Movers Report. Your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look at some stocks on the move today in Asia. I'm Stephen Carroll with Caroline Heppker and we join buyer market supporter Anthony Stevens. For more. Let's start with Chinese internet companies getting robbed by a deli of share sales,

1:04but also speculation around a new deep seek AI model. We see the KVB US ETF trade quite badly in the US. That is the ETF referencing the Chinese internet space and that is following through into the Hongkong live session. We see Alibaba down 3.5%, Tencent down 2%, and a lot more damage in the smaller Chinese AI LLM names Z.AI which is down almost 9%, and Minimax which is down 7%. Now these latter names are quite exposed on the two fronts of increased supply in the AI space from potential IPOs from the likes of deep seek and moonshot and fundamentally from competition from deep seek. Of course, they've also been under pressure from the strong performance in the US models from GPT-6 and now they face the prospect of a new deep seek model that is even better. So they seem locked into this AI arms race and look very likely to have to raise a new equity capital. That's what the market is worried about here that these two companies still sitting on

2:05triple digit gains for the year come into lock up period and sell more shares. Very interesting. Well, there's also continuing pressure on companies that need memory chips. What stands out today? As you guys got to air, there was a headline that the Chinese AI chip makers are increasing prices due to a memory shortage. It's that very same memory shortage that is hurting people that may consume electronics. Most notably you have Nintendo standing out here. Nintendo is down 5.2% as it gets crushed between these higher prices for components and the stronger yen. So not a very good composition. Phone Nintendo. Similarly in China, you have Xiaomi down 1.7%. Xiaomi has to contend with the new model of iPhone phones that just came out. No higher prices for components in its EV and phone business. And that stock just continues to get hit and has been a downtrend all year. And in Japan, we've had some new commentary from a policy maker from the BOJ Kazuyuki

3:07Masu talking about the Bank of Japan continuing to raise its BenTrak rate to ensure the price trend doesn't exceed 2%. So add into this fuel and this commentary around rate hikes from the BOJ. That's helping to lift Japanese banks. Because we've been discussing for a couple of days, the BOJ is under a lot of pressure to prove the credibility of the Japanese government, in strengthening the yen and also getting inflation under control. The two year JGB is as high above the rate as it's been since 2005 when Japan first emerged from quantitative easing. So there is a lot of upward pressure on rates. Whether the BOJ follows through or not is another topic. But for now, it does look like the rates environment for the banks is supportive and every time tech sells off the Japanese banks take off on the other side, you have the Topics Banks index, Bucking the Market being flat today. The Topics Banks index is up 1.5% led by MUFJ up 1% and SMFJ up 1.2. This stock movers report from Bloomberg Radio.

4:08Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com and on Apple CarPlay and Android Auto with the Bloomberg Business app. This is the Bloomberg Tech Minute brought to you by Chatchee PT. Now with Chatchee PT work, I'm Carol Masser. Has the AI moment arrived at corporate offices worldwide? Not yet. And it's perhaps several years away, according to one survey of corporate recruiters who circle the world's business schools each fall in spring. Bloomberg's Rob Mandelbaum notes that according to the Graduate Management Admission Council, the skills recruiters sought most among 2026 graduates of Business School Master's programs, including MBAs, for communication, problem solving and adaptability, which changed little from last year. Training and artificial intelligence tools ranked in the bottom third of the skills list,

5:11that recruiters did say AI-specific training will be more important in five years. On that, recruiters rated current graduates as only somewhat prepared or less to work with AI tools, and said Business Schools are not doing a good job of teaching AI skills. Bottom line, according to the survey, what most companies want when it comes to AI skills is for candidates to be able to automate routine work. That's the Bloomberg Tech Minute brought to you by Chatchee PT. Get started at chatcheept.com today by selecting Work Mode, available on-plus and pro-plans. As industries evolve faster than ever, companies need an environment that accelerates strategic growth, and Michigan delivers on that promise. From emerging startups to global enterprises, Michigan offers what executives value most, a resilient, innovative ecosystem, diverse communities that attract top talent, and a quality of life that supports work-life balance. With our Unified Team Michigan approach, Businesses gal faster and compete at the highest level,

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