Asia Markets React to China's Moonshot AI, ASEAN Foreign Ministers Meeting

Asia Markets React to China's Moonshot AI, ASEAN Foreign Ministers Meeting

July 20, 2026 · 21 min

About this episode

The episode discusses the market reaction to China's AI advancements and the ASEAN Foreign Ministers' Meetings.

Business and finance news from the Asia-Pacific. The hottest name in China's domestic AI industry is Moonshot. The company's AI model -- known as Kimi K3 -- was released last Friday. It shows China is closing the gap on OpenAI and Anthropic more rapidly than anticipated -- even with limited access to the most advanced processors from Nvidia. We speak about the market reaction with David Savage, Bloomberg's MLIV Strategist. And -- Top diplomats from across South East Asia are gathering at the ASEAN Foreign Ministers' Meetings. US Secretary of State Marco Rubio will attend along with Chinese Foreign Minister Wang Yi. There is a lot of topics in focus, including Myanmar's future, the situation in the Middle East, China and Philippines bilateral relations. Bloomberg TV Host Avril Hong spoke to Bec Strating, Director of La Trobe Centre for Global Security.  See omnystudio.com/listener for privacy information.

People in this episode

Host: Avril Hong

Guest: David Savage

Topics covered

Keywords

Mentioned in this episode

Organizations: La Trobe Centre for Global Security, Moonshot

Products: Kimi K3

Places: China, Philippines, Myanmar, South East Asia

More episodes of Bloomberg Daybreak: Asia Edition

Explore listener stats, chart rankings, contacts and more on the Bloomberg Daybreak: Asia Edition podcast page.