good morning, asia, hello, world! glad you canjoin morning, asia, hello, world! glad you can join us morning, asia, hello, world! glad you canjoin us for morning, asia, hello, world! glad you can join us for another action packed edition of asia business report. i am packed edition of asia business report. iam rico packed edition of asia business report. i am rico hizon. packed edition of asia business report. iam rico hizon. we packed edition of asia business report. i am rico hizon. we begin with hong kong, and the territory is changing its listing rules, maybe trying to attract what buster initial public offerings, such as saudi aramco, the world's a guest ipo this year. it is planning to allow companies to split their stock into different categories, known as dual class shares, to give owners of one class greater owned —— greater voting rights than the other. the change could interest alibaba chairman jack mark —— jack change could interest alibaba chairmanjack mark —— jack ma, who may choose hong kong over the us to go public in 2018. asia was th

asia time. 2:30 p.m. asia- time. for the eurozone, 6:00. according to toronto dominion they're coming out with a note on the back of this move. i think we can get that for you. let me bring up the city surprise index for the market. basically saying is that a lot of the volatility you are seeing presents a buying opportunity because inflation is still not there. that theer story is ecb does seem like it is headed toward september. the hang seng fix is at the highest level in more than a year. to the levels of november, 2016. betty: thank you for watching the big movers in asia. another big mover fell as sexual wynnsment claims against continued. l.a.t to bring in our bureau chief, chris palmeri, who has been following the story. give us the latest on the fallout. onafter the initial report friday that all these women alleged they were pressured to , thesex with their ceo stock initially fell. the second seeing on day of trading our regulatory , wynn resorts, and nevada all saying they are going to look into these allegations. and they have

up, for theing asia-pacific. this is bloomberg. ♪ haidi: this is bloomberg markets asia. rishaad: i'm in hong kong. haidi: the business and finance world faces one of the most seismic days in history today. to transparency rules kicking in. they will have wide ranging ramifications. to --mifid ii comes into effect on genworth third year it. re from january 3, that search has to be paid for separately. the new rules, investment firms will have to demonstrate that they are getting feet test execution for their clients when they trade heard regulators hope this will lead to more transparency and competition. analysts are already rushing to improve their work. investors are growing increasingly selective about what they will pay for. then there are issues of regulation. along with who pace. some plan to pay for research out of their own profits while others plan to pass costs onto clients. there are various offers on the table. basic to pay as you go to all in offers. asces vary from as little nothing to over $450,000. a partner in the financial relation group. he has been ad

is head of equity research for asia. as it increases its purchases between three and five year bonds from 300 alien yen to 330 billion. kieran: small increase but the general message is they are running out of tends to buy. they are trying to hold on other parts of the curve. rishaad: so you think it is manipulation? kieran: yield curve control. rishaad: that the diplomatic way to put it where it stellar general area, but ending it with a whimper. january was strong the first few weeks. i think when we look at this happening the last few days we always have to look at it in context. the earning story continues to be extremely supportive. a third, we are getting quarter earnings this week. the once we have seen have been pretty good so far. we are heading into that. for asia and japan as well. we will keep a sharp eye on what is happening with earnings. the sustained eager dollar, what is the impact of that? rishaad: many are suggesting that the dollar will remain weak this year. how does that impact asian central banks p

good morning, asia. glad you canjoin us for this pricing. good morning, asia. glad you can join us for this edition of asia business report. we start with the business calendar, and the report cards from corporate america. kicking things off, quarterly numbers from alcoa and big banks including morgan stanley. on thursday or all eyes will be on chinese growth numbers for the december quarter, and 6.8 is them that it number for analysts. attention is back on the us at the end of the week. friday is the deadline for the spending bill from congress to avert a government shut down one day after the first anniversary of donald trump's official start at the white house. asian analyst david ho from the motley fool says he expects a gradual slowdown in chinese growth rates. it doesn't mean time is slowing down, it is growing not as fast as it did previously and many think

welcome to daybreak asia. top stories this tuesday in this -- emergingew year markets heading into the new year with currencies rising for a third straight week. bitcoin though starting 2018 with further -- emerging markets heading into the new year with decline, extending the fall from the record seen in the middle of december. ramy: from bloomberg's global headquarters, i'm in new york where it is just past 6 p.m. on a monday. happy new year. china with three years of critical battles with a robust but cooling economy. -- forecasters see its slowest growth since 1990. kim jong-un tells the world north korea's nuclear weapons are a reality and a button is on his desk. ♪ good morning to haidi and good morning to our viewers across the world. we ended 2017 year to date for equities on a high note but we are seeing some volatility possibly happening coming out of north asia with kim jong-un. taking a look at what happened in the last day of trading here, down by half a percent. if you were totally in from 1 th

this is "bloomberg markets: asia." ♪

not really in asia. one thing we also want to see is over the medium to long-term, where fiscal is formed, is likely to have an impact on the main trajectory. yvonne: taking a look at reforms in particular in asia, it remains the focus for 2018, given beijing's efforts to deleverage. how serious do you think beijing is on this front? we have seen this pickup in yields, when it comes to the sovereign bond market, as well. what would cause you to put china on the credit watch, negative? a1s shows, moody's had that rating. what would change that view? rating alreadya1 incorporates risks with regards to the leverage, which has already been incorporated in our downgrade last year. the way we see this rebalancing you're talking about in china, there is a trade-off between stabilization and some of the risk related to the highest leverage. at this point, we do think the chinese authorities do have the wherewithal to balance these two needs, to keep a rise in a systemic leverage maintain, while also maintaining

this is daybreak asia. the u.s. to year yield talked a key level on friday for the first time since the financial crisis. core inflation accelerated unexpectedly in december, pushing short-term rates above 2%, better than expected data from enough chances of a fed rate hike in march. here with us is neil duane. he joins us in hong kong. thank you for joining us. i have a chart here to talk about more about the two-year him of the moves we have seen, even before the inflation data came out. 3304 on the bloomberg terminal. we see the two-year yield picking up above 2%, actually or -- higher.e p what you make of it? neil: i think 2018 is all about whether the fed's plan will be met, or whether the market wishes to call its bluff was only one rate rise. i think it makes sense for the market to react to either stronger economic growth or higher inflation. clearly, i think what we saw on friday was a sign that maybe fears are growing that stimulus from the tax reform plus the global goldilocks we are seeing at the moment,

this is bloomberg markets asia. ♪

"asia's become more important, "and that we need to put more resources in asia." - it's the u.s. presence in the western pacific that enables china to rise peacefully without destabilizing the region, and that's why i think the balance in strategies is actually a good policy. - the pivot to asia was actually supposed to happen 25 years ago. - our two nations have a special role to play in the world, and a special relationship. we've got great responsibilities and also great possibilities. and my administration hopes to work with you to build this potential into a greater reality that will help make this world a safer, more peaceful, more prosperous place for us all, for today and for generations to come. - after the berlin wall collapsed, there was a call we need to focus now on asia. but remember then that saddam hussein invaded kuwait soon after, and then you had 9-11, invasion of afghanistan, of iraq, so this is a long time coming. it's very natural policy evolution. after all, asia is the organizing principle of the world economy, to a large extent. - china has certainly reacted to th

in asia, japan is not trading closer to that coming-of-age holiday, but other markets in asia are open and looking at green. yvonne: it certainly is, a positive flow but a slow start in new zealand so far on monday morning. pretty flat on the fx 50. 71-59 for the kiwi. it is the longest losing streak since may after the jobs report. trading in australia just getting underway, we're seeing pretty slow on the asx 200. are eyeing the 79 handle for the aussie. the yield picked up. closedmentioned, japan today but we are seeing the yen holding well above 113, it could be a good come back once japanese markets reopen. let's get to the first word news. an iranian oil think around for south korea has collided with a cargo ship off shanghai, leaving at least 32 people missing. the tanker caught fire after the collision, and was carrying about one million barrels of natural gas. the crash happened saturday according to iran's ministry. opposition has named 92-year-old mohammed mohammed as its candidate for prime minister. the premier will try to topple mohammed. china's foreign exchange 11th str

asia still looks good. things like in missionary shock and that sort of element where asia looks pretty good. make sure you are not crowded over and stocks. take advantage of weaknesses that come. we are still in quite a good place in the asian market. you really pegging a continued weak dollar environment? joshua: i haven't gone into the last 12 months thinking we would have a weak dollar environment particularly. hiking.e saw the fed at first we saw the dollar being strong and then it was week. during the entire time, asia well. when people look at the dollar and say if the fed is hiking, the dollar should go up, the global economy is getting better. that is beneficial for asia. we are seeing a similar scenario. the fed might be hiking but maybe there are better assets then u.s. fixed income. maybe asia is looking more attractive. the environment. i don't think you want to hang your hat on a weak dollar environment. but if asia is looking more attractive than that money flow will put pressure on the dolla

good morning, asia. hello, world. glad you could join us for this thursday edition of asia business report, i'm rico hizon. we start with wall street and the major stock indices ending lower overnight after a choppy trading session and one of the reasons involve is asia's biggest economy, bloomberg is reporting chinese officials are thinking of slowing or possibly even halting purchases of us treasury bonds. china is the biggest foreign holder of us government debt, with $1.2 trillion in treasuries as of october, 2017. but chinese officials we re october, 2017. but chinese officials were cited as saying they would slow down the purchase because of trade tensions between the two big economies and there is further evidence of a delicate business relationship between the americans and the chinese, and these stories both concerns mark phones. apple says a chinese government owned company will take control of its icloud services in the country. vincent from the bbc news service says apple's boss tim cook had no choice but

you are watching daybreak asia. -- "bloomberg daybreak: asia." let's get to first word news with jessica summers. reporter: u.s. stocks hit another record as lawmakers grudgingly accepted a deal on ending the government shutdown. the move towards a short-term spending bill would find federal agencies through february 8 and sets the stage for the government to reopen after three days. investors have appeared mostly indifferent, weighing it against optimism over growth and corporate earnings. meanwhile, the white house officials say president trump became frustrated with commerce secretary wilbur ross last year over the pace of trade action against china. we are told they were at loggerheads as the president sought quicker and aggressive action. they have reconciled some of their disagreements. the white house says trump "loves wilbur" and has full confidence in him. fundnternational monetary is warning policymakers to be prepared for a new recession, a even as it predicts global growth will accelerate in the next two years. to 3.9d raises forecast

sovereign and independent nation of kazakhstan as a valued friend and strategic partner in central asia. as we are honored and we are the first country to recognize the independence on christmas day, 1991. long time ago, but not that long. you have made incredible strides. since that time the united states and kazakhstan have worked together to advance peace and security in the region and far beyond the region. speaking foreign language] president trump: together, we dismantled kazakhstan's nuclear weapon infrastructure and ensured a safer and healthier future for kazakhstan and the world at large. we pursued opportunities to increase investment in kazakhstan and the energy sector in particular. speaking foreign language] president trump: and today our strategic partnership with kazakhstan has advanced my south asia strategy, which is working and working far more rapidly than anybody would understand and providing crucial support for our forces in afghanistan in denying safe haven for terrorists. this cooperation has grown stronger. this month during kazakhstan's presidency of the unite

good morning asia, hello world. it is thursday, glad you could join us for another exciting edition of asia business report. we kick off the programme with davos and images showing the threat of plastic to wildlife and the food chain has touched a public nerve and made it one of the hottest topics at the world economic forum. coca—cola is responsible for one quarter of all plastic bottles made globally and its ceo has announced plans to recycle 100% of its plastic bottle production by 2030. our business editor was there and sent this report. just over those mountains into france, alpine water starts its journey into this bottle. like billions of others, from many companies, those bottles and theirjourney here, clogging rivers and beaches, threatening wildlife and the food chain. but up on the swiss side, in classic davos style, campaigners and celebrities are setting out their stall on how bottles and other waste products like clothing can be recycled, rather than passed away. people have begun to understand what

good morning, asia. hello, world. another edition of asia business report. i am rico hizon. iam rico hizon. i am rico hizon. it's a tuesday. thank you forjoining us. brexit. people a definite signal about the kind of brexit bill she wants. kind of brexit bill she wants. —— prime minister. prime minister. owner spoke to the bbc on the eve of her visit to the mainland. we have more. more. unmistakable rajesh feel on sale in a distinctly british place. —— british. british. city of a billionaire who now controls the change. controls the change. britain, including, of course, brexit. be better outside the european union, worse, what do you think? is a surefire way to get access to this country. this country. but it can be a very challenging experience. challenging experience. cook china add offers tailored access. access. ways, though to be the uk has a new deal to send more pig trotters here. deal to send more pig trotters here. incremental trade deals with china in a post— brexit world. incremental trade deals with china in a post- brexit world. in a post- brexit worl

asia has being seen billion industry. asia has being seen as a billion industry. asia has being seen as a promising market, but is that still the case? golf tournament have struggled to find sponsorship and prize money has also shrunk. our business reporter mariko oi is at a very different change of scene, at the singapore open. we must all of the singapore open. we must all of the action! that's right. the second day of the tournament is well under way and some of the worldtop golfers are here at the singapore open, sponsored by japan's snbc. here at the singapore open, sponsored byjapan's snbc. the banks just announced it would extend sponsorship another three years, which is great news for the organisers because when barclays pulled out in 2012 the event had to be put on hold. ijoined by the promoter. and thejoining us. read news about the extension of the sponsorship, but tell me what is in it for the big corporations to sponsor sporting events like this?” think looking at snbc, they were looking at an asset they could align their brand with. with their asia

." ♪ "daybreak asia are co- asia."break betty: morgan stanley thinks early performance trends are not reliable predictors or full-year markets. it could look like the year 2000 where things started well but ended badly. joining us now is jonathan gardner. that emerging markets equity strategist. stocks roar these out of the gates. in the developed and developing markets. what are the signals you are seeing where you do see a repeat of history? the parallels are your re-. central banks are tightening. that has begun in the u.s.. theare covering how good china macro has been but inflation is picking up. commodity prices on the rise. that combination, that will eat profits. we have a situation where a valuations are exceptionally high. valuations that are 95th percentile or higher of the long run history. you are describing this, is this just an emerging markets scenario? are we talking about u.s. markets as well? >> there are very few places in the world where we have not targets.our base hang seng, 31,000. we are moving

now, let's head over to asia business report with sharanjit leyl. to asia business report with shara njit leyl. as to asia business report with sharanjit leyl. as democrats and republicans struggle to reach a deal that would end the government shutdown, we find out what impact it might have on the economy. and the malaysia town of penang may not be a household name but it is one of asia's tech capitals. hello and welcome to asia business report, i sharanjit leyl. the us government shutdown enters its second day and thousands of workers have been ordered to stay at home as politicians continue to battle over immigration issues. senate lawmakers are holding a special meeting on sunday to try to end the budget deadlock, and dalla porta has been monitoring all the developments from the newsroom. what is the latest? well, there is no deal yet but lawmakers are hard at work on capitol hill, trying to come to a compromise to try and bring an end to this shutdown. so we are seeing some senators come out to say that they are seeing signs of progress but at heart, the heart of the dispute has

asia." this is bloomberg. ♪ yvonne: 8:00 a.m. here in hong kong. i am yvonne man. asia." to "daybreak the top stories this tuesday, asian stocks set to build on more wall street records. japan returned from the holidays with the nikkei shooting for 24,000. fourth quarter miss for samsung as it loses its momentum in chits and takes a hit from a somber won. betty: from bloomberg's global headquarters, i'm betty liu in new york, where it is after 7:00 p.m. on monday. president trump said to be close the fed's vice chair. richard is out. toyota unveils a driverless concept car, plus big-name partners from amazon to pizza hut. yvonne: and betty, we are going to dive into the samsung earnings. chips seem to be the big focus, also the strengthening won, which increased 5% in the first quarter alone. it leaves the question in em overall. is this just too good of a thing right now that could end up eating into earnings? g #btv 4742. we have heard from south korea. regulators and policymakers taking

the bloombergom asia headquarters. i am yvonne man. top stories,, the asian stocks look set to pull back from record highs following losses on wall street and oil and metals. well,n on the slide as they have lost as much as 25%. this is over for cryptocurrencies. no free lunch. from bloomberg's headquarters, i am betty lou on this tuesday. president trump cause xi jinping to complain about the growing u.s.-china trade deficit and the workers at a chinese apple supplier raising can turns -- concerns about harsh factory conditions. yvonne, we know equity markets here in the u.s. were lower but what has been rising and rising quickly has been s&p estimates by analysts. see so many upgrades because of how high the markets have passed the markets have run. i have a chart view that shows this g #btv 8902 here is the yellow line here for s&p earnings estimates this year. but how they are accelerating and rising given that the bull run, the record bull run we have seen so far, much faster than the s&p estimates for 2019 and 2020. it looks behi

asia stock are looking mixed. the regional index pullback from recent record highs. /10%euro up about 4 building on a six-day game. the aussie declining 4/10 of a percent. haidi: lots of bullish sentiment behind the aussie at the moment. let's get you caught up to date with the first word news. secretary of state rex tillerson says and intercontinental missile launched was seen by passengers on a commercial flight from differences go to hong kong. tillerson says nine other flights were in the same range. highlighting what he calls the north's recklessness. they are hosting a meeting in canada seeking further sanctions. president trump's doctor says the 71-year-old is it for duty and should remain so throughout his turn. the residentamined last week. the screenings for all timer and dementia was normal. dr. johnson says the president medicine, aterol aspirin.min, >> motor function and century system were all normal. a cognitive screening using the motor all cognitive assessment was normal. ceo is weighing a possibl

haidi: how far behind asia and emerging-- asia and markets? manishi: that's a tricky question, in the u.s. we have seen the earnings cycle stretch across different sectors for the last two or three years, about eight or 10 quarters. it was a very narrow earnings cycle last year, and we're possibly seeing this in a couple of other sectors now. i would think that emerging markets, particularly emerging 1.52 two yearsps behind america. it's something we have to watch. u.s. consumer demand, for example, the latest news about apple and iphone x, those of the kind of data points that we have to watch very closely. haidi: what about the impact of the bond markets? we have a 10 year yield pushing 2.7%, we clearly saw that play out when it comes to the bond proxy stocks overnight. we are getting calls for closer to 3% within the course of this year. would you see that contagion play out negatively for equity investors? manishi: usually the contagion plays out through the currency market. if you have a rally in bond almost certainly pushes up the curren

in asia, things are changing. at the beginning of the day they were all higherfry will beginning of the day they were all higher fry will —— following the lead from wall street. sentiments have changed. i will see you soon. a leading charity is claiming that thousands of parents in england are struggling to pay nursery fees because of problems accessing a government website. the pre—school learning alliance says glitches on the hmrc site have meant some parents are missing out on their right to 30 hours free childcare or tax breaks. 0ur education correspondent, elaine dunkley, reports. how many off the pink deep cover got? at a sparkling stars pre—school, the numbers do not add up. it is struggling financially provide children with 30 hours free week and says the government has not provided enough funding for the scheme. the only person that this policy is free to is the government. it is not free to providers. we are subsidising this policy. it is not free to parents or their children, because we are havi

good morning, asia, hello, world, but i —— glad you could join us. he's talked about it for a while but as part of his america first trade policy us president donald trump has approved ta riffs president donald trump has approved tariffs on imported solar cells and large household washing machines. the move is expected to impact chinese and south korean manufacturers and is widely seen as the first trade move against asia. for more i'm joined by my colleague and business reporter timothy mcdonald. tim, this is a tough new trade policy from the trump administration. ina way administration. in a way it's not exactly a new policy, they are existing policies, but he's taking a tougher line. carrots have been imposed by administrations of both stripes, balmer slapped tariffs on chinese tires in 2009 —— tariffs —— 0bama. campaigned on this. in october last year he put tariffs on bombardier, a canadian era space company —— he campaigned on this. we might expect more of this as the trump administration progresses —— aerospace company. it is s

head of asia economics. the world's most viable distiller is running out of liquor, driving prices up. this is bloomberg. ♪ yvonne: this is "daybreak asia." of thequick check business headlines. the financial group is the latest japanese lender to end the security business as the nation's regional banks diversify away from traditional lending. banks located in southwestern japan will open on monday with 60 employees. that includes 10 people on loan from major firms. >> holdings jumped, hip by following demand from the offshore oil company. it will evaluate strategic options from the division. they have cut 4200 jobs. be slim from five operating units to three. a rebound in holiday sales by new accessories, such as $90 pencil holders and $450 rulers. they rose 3% in the final two months of 2017. the pencil holder and ruler sold out online from higher end products. there are still available in $9,000 sterling silver ball of yarn. a little too fancy for my taste. the alcohol flavor, potential to appreciate an

rico, what has the reaction been in asia? i can't ican't imagine i can't imagine it is too positive? a big setback for chinese zola manufacturers and washing machine producers in south korea. visa the two countries and sectors that will be most heavily affected and both countries have criticised the tariffs. china's commerce ministry expressed strong dissatisfaction, saying the us decision further deteriorates the global trade environment. as for south korea, environment. as for souflnloceac and lg compete in the samsung anerg'cempete lathe machine samsung 3a3tg'cempete lathe machine market with us washing machine market with us companies like whirlpool. samsung electronics said the decision was a great loss for american consumers and workers and currently its stock price is trading lower more than 2% and lg stock also in negative territory by 4% on the korea stock exchange on that news. as for whirlpool, for years they have sought protection against cheaper imports from south korea and mexico, they have welcomed this move,

markets up by 0.8% in asia. rather than focusing on trump and the tariffs he imposed on washing machines and solar panels. add to that what we have heard the dollar against the yen. kuroda being asked because his next bojoming up, the governor needs to have a global outlook he says this morning. central bank governors need knowledge and decision-making skills, he is setting out the requirements of boj governor would need. the boj pushed back against any sense that they will step away from quantitative easing anytime soon. juliette: u.s. president donald trump has slacked tariffs on solar panels and washing machines, angering trade earners . he made his first protectionist move a year into his first term. imported washing machines will see tariffs as high as 50%. china and south korea condemned the steps. they call them a misuse of trade missions. donald trump signed a government spending bill that ends a shutdown. the democrats accepted a deal that will fund the government through february 8. in exchange, mcconn

good morning, asia. glad you canjoin us for this pricing. good morning, asia. glad you can join us for this edition of asia business report. we start with the business calendar, and the report cards from corporate america. kicking things off, quarterly numbers from alcoa and big banks including morgan stanley. on thursday or all eyes will be on chinese growth numbers for the december quarter, and 6.8 is them that it number for analysts. attention is back on the us at the end of the week. friday is the deadline for the spending bill from congress to avert a government shut down one day after the first anniversary of donald trump's official start at the white house. asian analyst david ho from the motley fool says he expects a gradual slowdown in chinese growth rates. it doesn't mean time is slowing down, it is growing not as fast as it did previously and many think that 2017 it will grow at about 6.7% but premier li said he thinks it will grow at 6.9%, so i am going to say it 6.9% in 2017. 6.9% in 2017, so say it 6.9% in 2017. 6.9% in 2017, so surely it will be

this is "bloomberg markets: asia." ♪ rishaad: we saw some tailwinds in the asia-pacific, and it does it stop here? that question after asian stocks had their best week in six months. at what isa look going on here. equities at record highs, but analysts seeing earnings season providing a further boost. is essentially earnings per share coming through, and they are getting better and better. companies had their profit estimates lifted by an average by analysts.sts -- here for the rally to be sustained. haidi: whether this sentiment story or the fundamentals, it looks like earnings season looking buoyant as that gets underway. it is a big event risk week. , whether in particular that changes the narrative of the synchronize global growth story. china, cpi and ppi readings out of the united states after that payrolls number disappointed. singapore, taiwan, and malaysia coming online. let's get it over to sophie. monday, momentum sustained in kuala lumpur, the index adding to the 1% gain last week, that building on december's gain, the best month for five years. -- ring of charging ahead

and then, from 1985 to 1998, we were in asia. and asia was booming. from 1985 to 1998, complete boom. as you might remember, in 1998, the asian crisis hit, and the crisis was massive, and overnight. overnight, financial markets were closed. financing was not available anymore. and we were suddenly very, very constrained in asia. the chance we had was that we bought a competitor of ours the same year in the u.s. and the u.s. market was doing well. and so we became global at a time when asia started going into recession. ♪ arnaud: the most complicated and trying case we have ever been involved in has been the 2004 tsunami. it was unprecedented. it was massive. ♪ ♪ haslinda: arnaud, it started with two offices in singapore. now, you are in 90 countries, 11,000 strong. what has been the most challenging part about growing the business? was it recruiting talent, for instance? arnaud: this is very important. because we created a new industry, a new way of providing health care. clearly, nobody had any kind of experience in it, and we had to convince t

markets:o "bloomberg asia." ♪ david: markets in the asia-pacific extending the 2018 strong start. the benchmark, the best month in almost two years. juliette: macau is one of the after sexualers harassment claims against the chairman. david: donald trump in davos says the u.s. is open for business. hong kong investors continue to buy property in london despite the growing gloom surrounding brexit. a very warmavid: welcome to all our viewers joining us. lots of things to talk about, lots of big corporate stories. roughly, in the asia-pacific. we are overall up on the benchmarks. a noticeable pickup in volume here in hong kong and south korea as well. theinutes from now, we get markets over in india rejoining the fray. aboutoliday, we closed at 11,000. we are up 2.5 on the 10 year, just shy of 2.69%. broadly speaking, that's what you see across the currency space. dollar-renminbi, slightly higher. juliette: we are also really watching these emerging-market indexes, up for a 12th straight session. such hyperbole when it comes to these markets. the nang seng china enterprises onex, a

this is bloomberg. ♪ ♪ this is "bloomberg markets -- asia." earnings season kicking off again for the u.s. financial industry this friday. jpmorgan and wells fargo set to report. we take a look at what we are expecting. , verywas a very busy noisy fourth quarter. we will finally see the effects of what happened. we are seeing huge tax write-offs on one side. citibank a tax write up of $20 billion. then there's tax reform which pushed up the banks in terms of their stock prices. then there's low volatility. that brings me to my first chart. 4289. with that low volatility we are going to expect the trading revenues could take a hit. taking a look now at where we were in the third quarter first. trading revenue for equities fell by about 21%. bloomberg intelligence is thinking this might fall for the fourth quarter on the order of 50% or so. what do -- 15% or so. the white, will this fall again? a lot of people are gritting their teeth. third quarter saw double-digit falls. definitely one to watch. one of the big things we always take a look at h

welcome to "daybreak asia." still running, asia-pacific markets set for gains on wall street. the s&p fell -- hit 1700 for the first time. confirmation the fed only wants roger will hikes. optimism u.s. manufacturing is speeding up. betty: from bloomberg's global headquarters i am betty liu. it is just after 7:00 p.m. wednesday. a pr nightmare. they insist the problem is industrywide and not unique. they say it is all going smoothly so far, however, japanese investors are worried. we will be live in tokyo to get the reaction. ♪ yvonne: we are awaiting that japan open, making waves right now. what a year it has been for japanese stocks. a chart that highlights how we ended things in 2017, g #btv 4471. we are looking at live pictures of that open. having a big ceremony to kick off the 2018 year. let's go to the quick chart, g #btv 4471. we ended the year at a 25 year high on the nikkei as well as the topics -- topix. it gained 44%. perhaps what performed better for 2018 is that the nikkei, given how heavy it is on japanese attack. we saw the japanese tech index jumping 36% in

welcome to asia business report. china appears to be the place to visit among western leaders this month. last week the uk's trade secretary ian fox was in beijing laying the groundwork for a trade agreement and now french president macron is on his first state visit to asia since his victory in the election last year. our reporter is here with the latest. that is right. it is an obvious choice for president macron. china is the biggest economy in asia. there are reports already that airbus is in talks to sell 100 planes to china in a deal worth over $10 billion. it is quite interesting, because of what president macron has said in his new year is a statement, in which he has urged the need for a stronger europe to face china. let's have a listen. translation: we need to be and more sovereign, more united, more democratic europe. i deeply believe europe can become the economic, social, environmentally friendly, scientific power that will be able to face china and the united states. well, of course, president xi jinpi

you could ta ke and leadership in asia. you could take that view, but there is no doubt that china, as the world's fastest growing energy consumer, the biggest year—on—year growth in imports, they feel that they deserve a seat at the table and their currency should be a basis for settlement. we saw some volatility in oil prices. what is your outlook for this? we are going to test $70 but i see that as kind of a ceiling thatis but i see that as kind of a ceiling that is going to be difficult to breach because as the price of oil goes up it affects the demand and it makes it difficult for opec and non— opec to withhold control output, but if oil prices go up you are tempted to overproduce more and break ranks and that is what i would watch for in the coming year. if you thought oil prices were volatile it is nothing compared to the wild ride that bitcoin took in 2017 and the digital currency is tumbling and trading at around $13,800, well below the record of $19,000 in mid—december. now, to the special series, disrupt

asias is bloomberg's a are in this is bloomberg markets asia and -- all is and you in an kong.e in hong for us? got coming have the chairman of the european committee's market. have steven as our first guest enough just a few minutes followed with june in - jumin. the results of the former of ther the governor people's bank of china will you highse have record and there have been a lot of and was said this rally is going to be much better and healthier if we see that will weigh your it is like a bit like to help rally along. against. they are sending gains for it and will have stocks in havepore halting and we do a have the in dollar. the dollar falling for the first in threehe first day sessions. he take a look at the big picture, the funds a retreat. fluctuating all morning. have a focus on the offshore as there's ground speculation to cool its gained operate we are keeping an eye on oil. retreatingbrent after closing above the level for the first time in three years. crude now sliding 4/10 of a percent english comes to what is moving on the regional benchmark, you have materials lead

asia?n >> they could end the week on a high note following fresh in the u.s., we also had a surprise, ecb, looking to stir currency markets, the dollar sliding to a september low as trading surge and yen at a six-week high. investors will have more on.ings to focus japan, fast retailing, a surge in profit thanks to c-sales and data front china's as well as s a ing -- bread topping $70 overnight. heading towards $80 a barrel. 5881 hash tag. you can see asian energy stocks, benefit fromart to the value that we've seen. this hasn't been fully accounted valuationsergy stock and earnings growth at odds the sector is one of the and est in asia on a pe price to book basis but they are expected to deliver 75% earnings months, ver the next 12 the most in asia, but as you can in the bottom handle, apec energy index, the purple line, that's barely outpacing the index which is expected see eps growth of only about months.r the next 12 sydney, we do have we'll pull that up to show you how that stock is

welcome to daybreak asia. top stories this tuesday in this -- emergingew year markets heading into the new year with currencies rising for a third straight week. bitcoin though starting 2018 with further -- emerging markets heading into the new year with decline, extending the fall from the record seen in the middle of december. ramy: from bloomberg's global headquarters, i'm in new york where it is just past 6 p.m. on a monday. happy new year. china with three years of critical battles with a robust but cooling economy. folk after see

welcome to daybreak asia. the top stories this friday, davos makes news again today, lifting the dollar. weak currency comments from stephen mnuchin. he also offers a lifeline to the dreamers. according a path to citizenship for 1.8 million people. and for bloomberg's global headquarters, just after 7 p.m. on this thursday evening. japan's price gauge rose at the same pace as in the month before. the inflation target is still a long way off. and more evidence of global growth. more improvement at home. and that roller coaster ride we have seen in the dollar overnight after president trump's comments, but he likes a stronger dollar. does it move the needle here for all the dollar shorts out there. at this point, it seems like not the case. take a look at the options market and you are actually seeing traders are still charging more for protections, hedging more against the dollar weakening versus the yen and it there will be more of a bias here for the yen to strength and further. the white line there, seeing t

tom: let's cross to singapore and our southeast asia after. -- asia editor. thailand recorded another trade surplus, but it might not be good for the thailand authorities. while they be worried -- should they be worried about what donald trump will say? >> yes, i think everyone is watching the trade number very closely. the main number to watch is the bilateral trade surplus with the u.s.. we might not get that data for a couple of days, but we are watching for whether the trade surplus with the u.s. enjoy 17 exceeded 27 billion u.s. dollars, and -- with the u.s. exceeded 27 billion u.s. dollars. has exceeded -- thailand has exceeded the two first roles for being a currency manipulator. gdp surplus.the in 2017, it was estimated 9% of gdp. currency fx reserves accumulation. thailand achieved that criteria. thinkt is the case, i authorities in thailand will be watching very closely to see how the u.s. reacts, and it doesn't want to be singled out as a currency manipulator the cusp that will have, you know, an impact on the trade outlook. david: have they respon

our asia business effifi'fi?‘ 23,4? ééié §e§lfi§§§ i looks at ”sz 7515 —— ;;. can;;:;;é el; .; j . ....e . 5. i ;;. can no ;;; el; .; j . ....e . 5. i t2; can no longer ‘t j ' t ’ 5 i --. can no longer tolerate i ’ ’ i % can no longertoigcate these % efifiaifl trim-11:1 gist: i; w {six-wag; iélfi are: —— five 2. did we 7 the in the deal, and he it would die, it didn't. the thought it would die, it didn't. the 11 other countries decided to push ahead without the us. the us looks like it could be the one losing out geopolitically at least as the rest of the world carries on. the us jseu of the world carries on. the us g buys of the world carries on. the us ’* buys than of the world carries on. the us ’* buys and han'rlw w w w to , trade or initiate to , trade deals ar initiate to , trade deals with tiate bilateral trade deals with individual asian countries. he is in the business of renegotiating one deal and that is the us— south korea agreement but that is it for now. china, anoth

this is bloomberg. ♪ asia." is "daybreak >> btw he is have agreed to hold military talks and rather high level dialogue, but the north has said its nuclear program is not for discussion. let's bring in our correspondent from seoul. we always knew denuclearization was a so-called red line for pyongyang. where do we go from here? we go to see if this can broaden the dialogue into the olympics and after the olympics. the north koreans got what they want? . koreans got a security blanket over the olympic games. they won't have threats during the games, but the end goal what obviously be to get the north koreans back to the bargaining table and discuss their nuclear programs here it did we get any progress on that in one day of talks? probably not. the mood indicates that the north koreans are not willing, at least at this point, to discuss their missile programs. we have heard from the head of the delegations of the north koreans who began in a jovial the colding about relationship in relation to the weather outside

asia. >> we have cut back a little bit on our asia dollar credit exposure. asia dollar credit is heavily weighted towards chinese real estate developers. significant gains in that space over the past six months. are lower spreads than the emerging markets space, so our preference is for emerging market dollar, emerging market local currency bonds. yousef: we will leave it there and see how those calls play out. , thank you for joining us. let's get you up to speed on what is up next. it is a tech earnings avalanche microsoft,ith facebook, alibaba, alphabet, and amazon all reporting. we look ahead next. this is bloomberg. ♪ yousef: tech stocks face a big week, better known as fang, facebook, alphabet, netflix, google. we take a look at what exactly we are looking out for. >> first, facebook, revenue and 52%me of 42%, revenue up fortinet income, but ad revenue in focus. the interesting thing here is you are looking at the white cars, the price per ad -- white bars, the price per ad. that is rising, so that is a good thing. even though that is falling, the mo

many of the so-called fish are pulled from the ocean around southeast asia with devastating effects. these small and young edible fish are left to rot in the halls of vessels for days on weeks on end before being handled. fleets o of trucks and sport tos of rottiting fish on each vessel on the processing plants where they are ground down and wasash and cookeded into powdered fish far for fooood -- fisish flowewr od. alongside e the species on fishg vessels, the searches documented pockets of juvenile shaha species,aiting too be sold. these tropical fish are used as protein for the booming sugar industry, the largest exporter in the world. at what cost to the ocean? >> [speaking forereig language] >> laced with increasasing quantitities of edible fish, lol fishing communities are losing out. >> [speaking foreign language] >> they say the by catch is accidental. >> [speaking foreign language] >> is not just the net and fishing techniques that are controversial however. working undercocover, e told uss many whoho unload at the plant e often under licensing agreements. >> she claims her

haslinda: talk about the great opportunities in asia, because asia has $26 trillion worth of infrastructure project at stake -- projects at stake and rail has been an important area asia wants to build. what projects are you interested in bidding for? hiroaki: we have so many projects right now. haslinda: what are you interested in? new projects? hiroaki: the most important project right now is india's high-speed railway to mumbai. that is a new challenge, this is the first such train in india. we are trying to make it more clear it is us to implement high-speed trains. the indian government requested the local manufacturing capabilities. that is a big challenge for us. india,a: apart from southeast asia is a big growth potential for hitachi. countries like indonesia, the philippines, thailand wanting railways as well. in three to five years, what type of sales target would be realistic? countries, itsian is not a single area. -- avariety of nations different way of developing the business. for example, we are looking at indonesia. that is a big country, but simultaneously, myanmar is an ex

then a lot of these court does the i they don't exist on not very heavy enforced a report says that asia is in fact lagging behind its international counterparts in terms of gender diversity in the board of directors of any companies within asia and the get is still very much white open according to analysts this points to two things one being the number of women who are board ready so to speak and number two whether there is a big enough pool of board ready women to pick from to begin with ok so it's a gradual process is that what you're getting at what what else have you discovered as far as asia goes in the corporate world and the corporate makeup of the globalized world well in countries like in cities like hong kong and singapore for example two of the most advanced asian economies a number of women on boards surprisingly is surprisingly low at twelve point four percent that number is in hong kong as of twenty eight seventeen there is a severe gender wage gap in singapore for example women on board senior management women earning just fifty six point eight percent of what their male