Chip Selloff Spills into Asia; Meta's New AI Model in Focus

Bloomberg: The Asia Trade brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Paul Allen and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. In this episode, the chip selloff that started in the US bleeds into Asia, pressuring regional indices. The program covers Meta's unveiling of its Muse Wonder AI model, Tencent's $5 billion bond sale to fund AI spending, and the broader market losses. These stories highlight the ongoing excitement and volatility surrounding artificial intelligence, as well as the strategies companies are employing to capitalize on the trend. With chapters covering the market open, Meta's AI announcement, Tencent's bond sale, and Asian market performance, this episode provides a thorough overview of the day's key developments. Viewers gain valuable insights into the forces driving Asian markets and the global AI race.