Most Asian shares drop, tracking a bruising session on Wall Street, as fears around China’s AI progress spark a selloff. Nvidia loses 589-billion dollars in market value, the biggest one-day drop in history; The dollar strengthens after President Trump says he wants across-the-board tariffs that are ‘much bigger’ than 2.5% – and he’ll soon add them to semiconductors, pharmaceuticals and steel. Also on the show: Israeli Prime Minister Benjamin Netanyahu is planning a Washington trip to discuss the Gaza ceasefire with President Trump; and fears of an all out war ramp up after Rwanda-backed rebel group M23 seizes Congo’s largest city Goma. Guests on the show include: Christian Nolting, Deutsche Bank, Global CIO Private Bank; Nirgunan Tirchelvam, Aletheia Capital Head of Consumer and Internet; and Frederique Carrier, RBC Wealth Management, Head of Investment Strategy.
Chapters:
00:05:10 – Deepseek sparks Wall Street selloff
00:09:09 – Netanyahu-Trump meeting in Washington
00:16:36 – Christian Nolting, Deutsche Bank, Global CIO Private Bank
00:35:26 – Nirgunan Tirchelvam, Aletheia Capital Head of Consumer and Internet
00:40:33 – UAE M&A: Pure Health buys stake in hospital group from CVC
00:50:20 – Frederique Carrier, RBC Wealth Management, Head of Investment Strategy
00:58:42 – Donald Trump wants more than 2.5% universal tariffs
01:08:04 – Fears of all out war in Democratic Republic of Congo rise
01:09:35 – Market volatility: tariffs and tech
01:22:50 – Commodities slide after Trump tariff plans
01:27:32 – Saudi allows foreign investment in real estate in Makkah, Medinah
——–
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