andy a at along with while thailand is seen holding steady. the offshore yuan in focus, sticking above the seven handle. the pboc moved to stabilize the currency. paul. paul: thanks. let's get a check of the first word news with that of the dead. -- ritika gupta. ritika: the japanese economy has fallen to a level not seen since the wake of the -- the meeting index dropped to june, the lowest since february, 2010. it is one of the broadest indicators of activity, drawing on nine measures. regulators in singapore and india have approved a stock trading link, ending a year-long dispute that left investors with no easy way to hedge risk. it is expected to earn official approval and be operational by the end of the year. aftero sides traded barbs singapore announced single stock futures are some of india's top companies. australia issued a warning to travelers to hong kong, recommending they exercise a high degree of caution as unrest in the city escalates. there were more clashes on tuesday night as police charged protesters who surrounded a polic

thailand did something. the thread linking all of these is that all of these central banks are citing concern about the global outlook as their principal theme, issues like backdrop and domestic are there. trade are citing conflict, declining business confidence. with the clearing of the throat, and inflation is below target. >> it helps to keep perspective here. with recent moves we saw from india, new zealand, thailand, a lot comes down to how they intend to support growth. what can observers look to in order to forecast what perhaps comes next given that indicators like gdp and inflation are not as important? >> if you listen to what the central bank officials said yesterday, they were pretty candid and clear. there is an easing cycle underway here. this is not remotely we are finished. in new zealand, the governor said at his press conference that he was perfectly open about what he called unconventional measures including negative interest rates. new zealand has always seen itself as somewhat apart from

sophie: it will be a busy day for thailand watchers, around 9:00 a.m. we will get the bank of thailand minutes for its august decision. a surprise rate cut. july exports figures. we will see potentially a 2% drop in shipments, the fifth monthly decline. also on tap, a bond sale for 2035. the thai baht holding onto a two-day gain. one option bandied about is the bank of thailand allowing thais to invest overseas more freely. to china and hong kong, we have a busy day of earnings ahead. geely, among the results do. this is bloomberg. ♪ - my family and i did a fundraiser walk in honor of my dad, willy davis, who has alzheimer's. i decided to make shirts for the walk with custom ink. the shirts were so easy to design on the site. the custom ink team was super helpful and they just came out perfect. seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free ship

it is now looking overseas for a partner producer to ensure supplies going forth from thailand we know there is -- can we know there is a widening demand for oil in this country. the likes of reliance and petronas, they have secured producers, including the likes of saudi aramco. i found out what our source thinks about it. ,> we look at the middle east some countries, but it is still cop -- it is still talk. i cannot tell you. could it be saudi aramco? >> no, we need crude, and we need exploration, because we need to have some supply to thailand and the indian and asian markets. : how soon do you expect to announce the partnership? >> one or two years. haslinda: in terms of tpp oil and retail, a lot of talk and a lot of numbers out there. can you shed some light that is more definitive? to expand tong mainland china and asia. in thailand we have [indiscernible] we tried to expand this one to asian countries, like we have in malaysia and singapore, we have expanded in china, japan, oman, --an countries, that is why [indiscernible] step.have passed one big we have separated the company

australian and thailand unlikely to cut this week. australia had june and july back-to-back rate cut signaling a pause and seeing housing market stabilization and labor market tightening, not as much room to ease. thailand has been among the most interesting to me to watch in southeast asia, a hawkish lean than the rest of its peers in the region. worried about housing and auto market bubbles. what is interesting is strengthening. -- the thai baht is strengthening. shades further to the dovish side, we have the philippines expected to cut interest rates. they have signaled patients as of late -- patience cut rate ned india likely to pull the trigger on another interest rate cut. they are looking at external factors. india is more a domestic factor in terms of low inflation and more dovish board they have got seeing financial sector troubles. really something for everyone, five central banks out of the asia-pacific. shery: you mentioned inflation. how much room do they have to move? it is more a diverse set even among these five but so

sophie: turning to thailand, which has an exposed to trade risk. they are seeing their lowering expectations for gdp growth, the worst in four years. what are you anticipating? do you see more coordinated action -- correlated action when it comes to monetary and fiscal policy? downnka: while it has been a downgrading, it has been good view of financial stability as well. seeing regional -- reasonable credit growth as debt is expanding. the centraling back bank from lowering rates. these additional tariffs, would come in. i don't think that would cut imminently. but the prospects of them lowering rates as we go into q4 has gone up. in terms of coordination, not only in thailand, but across the region, we are seeing support come in on the fiscal and monetary policy side, and buffering domestic demand. sophie: thank you for the preview. priyanka kishore, head of india and southeast asia at oxford economics. let's get the first word news with jessica summers. tosica: president trump's impose 10% tariffs on additional chinese imports next month. levy mi

if you look at thailand, malaysia, et cetera, they are much more exposed. so as the trade war drags out, maybe worsens, we have to be open to the possibility that despite domestic demand being resonant, more asian economies will see downgrades. paul: that was the oxford head of industry. thank you for joining us. more ahead on "daybreak asia." this is bloorling. bloomberg.s ♪ paul: this is "daybreak asia." i am paul allen in sydney. shery: and i am shery ahn in new york. let's get a check of the headlines. goldman sachs trading division is planning its biggest hire spree in years with the entire effort focused on coders. the bank wants more than 100 engineers for tech recommended votes on the tech floor. and they plan to raise rivals in london. wall street is seeing a dramatic focus on deck force work flows as automation is alter the way it done. aul: wall street reports a 17% drop in full year pretax pros. the airline says it will recover next year, lifted by expansion. qantas he had said it is planning a buy back of almost 18 million shorts. shery: mark

"bloomberg on markets asia," bloomberg is live at thailand focus in bangkok. haslinda amin is there to give us a look. , thenda: policymakers investment community, industry chiefs are here to discuss how to move the country forward. this is a country of 17 million people, the second largest economy in southeast asia, but this conference comes at a time of slowing growth. gdp at the slowest pace in five years last quarter, and that is partly because of the u.s. china trade war. it is an exposed economy. the strongest currency year to date this year, up 6%. dollar stronger against the yuan, impacting not just exports by tourism as well. that has been putting pressure on the bank of thailand to cut rates unexpectedly this month. pressure is now on to cut rates this month. we will be speaking to the t to se minister of find out what is needed to attract more investment into the country that is also expected to slow like the rest of the region. shery: looking forward to it. thank you so much. that is it from "daybreak asia." our market coverage continues as we look

going against the belief we saw last week among thailand, and in jesus, promoting stimulus -- kinds thailand and indonesia writing stimulus. stimulus.ng he said singapore is faring well now. paul: can you run us through some of the longer term priorities? the first on retirement age. as they had signal previously they announced they will raise the retirement age to 65, from 62. and the reemployment -- age from 70 to 67. that is the age at which employers do have to offer employment in the same organization to a worker. encourages older workers to do that. and then a lot of climate change initiatives. he outlined that this is a priority as much as military defense. and they will be spending almost as much as singapore dollars 100 billion over the next century. thank you very much. bloomberge to come on "daybreak: asia". this is bloomberg. - custom shirts help people feel like they're part of a team. my name is timothy chi and i'm the ceo of weddingwire. we're very proud customers of custom ink. we keep coming back to custom ink because of the quality of the product, the customer service, and

thailand plans to create a southeast asian electricity super grid and want to be the power trading hub at the center. bangkok is proposing to triple the amount of power from hydro projects in laos and resell what it does not need to the rest of the region. thailand has been pursuing the idea for 20 years, but has struggled to achieve enough government coronation regionally. shery: asian stocks in government bonds down across the board as we continue to see a risk on sediment spread. risk on sentiment spread. selina: ahead of the china market oh been i am watching offshore yen sliding to a record 7169 level. all eyes will be on the pboc yen fixing shortly. we have seen the pboc taking incremental moves. they will be watching to see how weak the pboc let's that slide. take a look at this terminal chart. we see that we are not yet in the panic sewn. the volatility levels are still far below those 2019 highs. stocks i'm watching ahead of the market open, hong kong protests continue to rage on. cathay pacific said over the weekend it will show zero tolerance to employees who support illegal

japan, singapore, thailand, the philippines, and japan, markets are closed. features are pointed to mild losses at the open. you can see the kospi and sydney down more than 1/10 of 1% and more than 5/10 of 1%. when the markets open shortly, we will see how they continue to digest reports that the u.s. is putting together the list of goods that will be slapped with the next round of tariffs. we heard ahead of the weekend that chinese foreign central bankers are warning that the confrontation with the u.s. is deepening and calling for a rational view of the current headwinds. switching the board, taking a look at the end that has been strengthening on the backs of this rush to haven assets amid the escalating trade war. as you can see, from the chart, it shows the usc jpy pair has been at freaky levels. that pair is at risk of falling to a 2019 low. .aul: thank, selina let's get a check of the latest business flash headlines. ams is offering more than $4 billion for oz ramp and a second attempt by the company to acquire its struggling german rival. the offer is

markets were closed yesterday in india, malaysia, thailand, japan. concerns about political unrest in argentina, hong kong, stretching into 10 weeks of protest, even though the airport is starting to resume operation, markets are rattled by the economic disruption in that important asia economy. downgraded japan on its list of most trusted trading partners. a quick check of what to see today. inflation, as well as a foxconn industrial. switching boards again for a quick check on australia's stocks i am watching. calendar financial earnings reporting analysts expecting a net income of $400 million. energy closed up almost 3.7%. it was supposed to outperform. paul: let's check in on the first word news. technologies higher to u.s. law firm to lobby on its behalf as the trump administration pressures allies to put the telco on the blacklist. focusing on export controls, tariffs. draggeds increasingly into the trade war and currently banned from buying u.s. technologies. the european union may impose steel tariffs on china, taiwan and indonesia. brussels

thailand and vietnam in the vicinity of 20, singapore is much lower. he is trying to encourage borrowing, revive a manufacturing industry that about one decade ago made up about a quarter of annual growth, and now it has slipped to 20% of that number. when -- whether we hear about tax cuts in this budget remains to be seen. maybe they will come down the road. he said he wanted to get that done this year. ,ther things we are looking at if the first term the thing was infrastructure, i am expecting the same in this budget to be about vocational training, targeted at boosting manufacturing, making indonesia more productive, and that is more about trying to get foreign investment in, and even trying to win some business from china that has been going to vietnam. also some kind of movement on labor market reform, making it easier for firms to hire and fire. that is the kind of thing we are expecting in this budget. shery: thank you so much, our economics reporter joining us from jakarta. a prominent chinese venture capitalists expects a new ai subsidiary to