greece is even 72 hours to verity, rebuild trust, or keep its place in the euro. when no means yes. we asked voters about how they feel about the government's apparent u-turn on taxes and bending. that and much more ahead. >> keeping and i on markets. chinese data giving a reason to smile. we are doing the shanghai composition of by almost -- up by almost 2%. the hong kong index has slipped into positive territory. a little bit of weakness in malaysia and thailand. >> there is new evidence growth in china may be's table isaac.

trade figures for june came -- may be table i think. -- stableizing. >> unlike the temperature expected to reach 40 degrees celsius, i cannot they the trade numbers are heating up in china, but we have stabilized. exports rose for the first time since june. exporters to think some tax breaks through the second quarter -- getting some tax rates to this can quarter to help things along. the economy is at acted to have grown at .8 are sent -- x .8 are sent. gdp numbers are out midweek.

imports also improved significantly last month. that might be a more important gauge. it indicates domestic demand. the government authorities tried to's demand late growth. -- amy lake growth. -- to stimulate growth. it is much better than the 17.5% plunge we saw in may. the consensus forecast was for 56 when $7 billion. >> do these numbers give us an indication of better possible rate action?

>> that's an interesting question. they are in an easing bias. based built tame inflation. -- they will tame inflation. these numbers are probably more a reflection of the interest rate cut we had more than us find the rate need to go lower. there are a number of fact youors like sluggish demand. it has put the gdp target at risk, and monetary easing may involve into a news page focus on direct funding to the real economy. that is something we have to be watching. things seem to be's a blessing.

-- seem to be a blessing. -- stablizing. >> and the government's action have help instill some confidence. >> the market is pumping along the bottom. what the government did is because it created these pressures, so it has to diffuse it. i think the measures we have seen is probably helping to stabilize going forward. we need to see a comeback of confidence to the stock market.

>> and hold the alarm bells until the clients are longer live. -- declines are longer live. >> they want to stop this market route. there are probably some downside. the market is still closed. that's how much further to fall? >> they don't mind volatility. the concern is if we see three weeks of the negative market declines -- of consecutive market decline. >> robert ilich says the continued market row could nuke the chinese government out of completing it reform agenda. but you want deeper markets. you want more link it market.

-- liquid markets. i think the key question now will be whether the government get a little scared in pulling back or whether it continues with the types of ideas put forward. >> greece has been offered a simple choice. except more us verity or be kicked out of the euro. alexis tsipras must campaign on measures he has already reject it. a referendum has also been this missed if he is secure more aid. -- dismissed if he is the secure more aid.

let's go to russells -- brussels. what is the latest on the topalks? >> we are more than her teen hours into these talks and still no sign as to when they might and. -- end. what they are discussing is greece making reforms to actually put them into law within three days to get a bailout. these are wide ranging reforms, harsher than anything the creditors have put forward before. what we just heard is greece is asking for a smaller role from

the imf in a bailout. interesting that it has been one of the parties or in support of debt relief for greece. they have been pushing back on debt. it is a contrast. that is what i have in opposing the moment. there are still some sticking points. what has been the big issue on the creditors died is having trust -- creditors side is having trust greece is going to implement what he asked for. as i a, the talks are ill going on -- as i say, the talks are

still going on. that's what this this mean, and what does he have to do next? >> he has to come to some sort of agreement today, and the next step is going to be to go back to greece and get these demands approved by the greek parliament. we know by the end of last week the parliament roof reforms and measures -- approved reforms and measures that had seen reject did a week before. that had been the main stumbling block. that makes greece hang in the balance as to whether it heads for >> it -- for grexit or gets a bailout. alexis tsipras is going to have a workout how to get financing

or grief until that. -- for greece until then. they are looking at bridge finance it. a lot of challenges ahead for alexis tsipras. but let's get right back to the market with juliet. >> years in bargain hunters -- we are as eating argan hunters push it. -- we are being bargain hunters push it. the hang seng opened the day lower. taiwan coming back from being close due to the typhoon on friday. also quite strong. japan is doing quite well. both markets are in a little bit

of weakness with the oil price falling by a little more than 1%. these are the shares list did in hong kong. down after a two point of an billion-dollar place. doing much better are a shares in china. the world's largest by market value has in saying -- has been saying we shouldn't or a because ac a lot of humor confidence. a lot of brokers six act -- x x the route to continue. we are seeing a weaker oil price play. qantas up 5.3%. they will resume flight to bali following the ash cloud.

generally, it is about the sentiment that a greek deal may be done in the next couple days. also really boosting sentiment as well. holding on to the gains in china. >> not too shabby. the tales of the debt ridden investment fund. police are investigating the task force is looking into the leaks. hundreds of millions of dollars ended up in the ryman is yours bank account. he has denied allegations. chinese police are reported to have found evidence of manipulation of futures trading. authorities have pledged to

punish market manipulators after the stock plunged. nintendo says its president has died of cancer. he took leave last year for surgery before he later returned to work. the 65-year-old had a background in programming and was fourth president and ceo of nintendo. his predecessor died after 53 years of running the company. you can get more on that story and all the news at bloomberg.com. you can watch some of the interviews you may have missed. still to come, is a new year deal with iran in sight? the latest from the annihilator. will alexis tsipras get what he

needs to avoid greece getting kicked out of the euro? ♪

>> iran and world powers are said to be close to a nuclear deal. an accord may be later today. 16 straight days of talks in vienna. an agreement has in reached. greece has in offered us a bold choice. except more off air t or get out of the euro. -- more austerity or get out of the euro. athens must decide by when they. the dolly mama -- the dalai lama urges the eu to find a solution and to strengthen the european

union. he said the european union must endure not only for the continent as an example for the world. greece being given 72 hours to save it position in the euro. the dalai lama saying the european union is thing that must be preserved. he had an audience. the thing is, will germany was in? -- listen? ask most people in the european union one reese to stay in as well. there are other countries who have wrong current the. -- current he. -- currency. they have made a list and said

you need to improve this. back the threat is otherwise you will be suspended from the current fee. -- currency. how does that work? back they need euros. there will be other problems as well. the banks don't have euros. if you sell red and i sell oranges, we need to barter. we need to issue a new medium of exchange. >> the drop my or the iron use? >> -- dracma or ious. what are the chances?

>> it is difficult to say. this could happen. it seems they are willing to come to some sort of agreement which greece must vote on. >> tsipras could have had this deal. the problem is it is in more dire streetaights than before. >> the more it goes on the bigger the disaster may be. >> is germany the villain?

>> it is the a pictured as such by a large economy. spain and ireland and finland as well. we should not inc. of it as one country and another. >> a lot of people like the fundamental story called europe. ask we like european equities. we see very good growth coming through in europe as a whole. it is driven by the weaker euro which we are's ills being. -- still seeing.

>> thank you. coming up next, the latest involving the malaysian prime minister and the death written -- debt ridden invest fund. ♪

>> a new twist in the tale of malaysia's debt ridden invest funds. police are investigating the investigators. that is the task force looking into leaks following allegations it channeled hundreds of millions of dollars into the prime minister's personal bank account. sophie joins us from kuala lumpur. what are they looking for? sophie: the police will be looking into the special task force. the inspector general of police says he is not ruling out the possibility of economic sabotage . at the heart is an attempt to discover were the source came from and whether the documents were doctored.

anyone found guilty of doctoring or leaking documents will face the full force of the law. this investigation also include central bank officials. >> is the central bank trying to distance itself from the politics? sophie: a local blog named three malaysian central bank officials as being the potential source of the documents. the central bank issued a strong statement condemning the allegations they leaked information and filed a police report. the central bank is seeking to distance itself. it says it is not aligned with any faction and will not betray the trust of the public.

>> thank you for the latest. it is an ongoing story being followed. much more to come. when no means yes, we are going to ask greek voters about how they felt about their leaders apparent u-turn on austerity. this is asia edge. this is a scene in the greek capital where it is coming up. the greek government has been given 72 hours to accept more austerity. you are watching asia edge. back in two minutes. ♪ . .

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>> the top story this hour is technology and drug makers leading the way. they have taken a new twist now.

1mdb ended up in the new austerity measures within 72 hours. they have given the prime mister -- the prime minister. the markets are not so bad. >> not too bad in the region. it will be approved by the deadline and it helps sentiment here in the region. we have the third straight day and continue to add to the games

coming through. they have positivity coming through and quite a lot of sectors are in hong kong. it is being held up by good moves coming through. japan is coming back online and it continues during solid gains. a lot is still frozen in china and stocks are not training -- trading. it takes up some of the stocks making the index move quite a hit higher. a couple came out with bearish comments today, including

templeton. angie: all right. thanks for that. >> they are trying to do measures they have already irejected. let's go live right now to brussels. mr. tsipiras is being offered a simple "take it or leave it." >> the talks are ongoing. i am hearing that we are approaching the end game. we could see an end to the talks. basically, the talks have been going on for 13 hours. they are discussing the demand

that the ministers have made on greece from the labor financial, and energy markets. the key sticking point, the deal breaker is a fund that finance ministers want greece to put into an independent luxembourg-based company for sale. it is where the greeks ans d tsipiras are. the talks are ongoing and they are harsh demands that they have from creditors. harsher than anything we have seen before. also because of the capital controls and a lot of trust in greece. creditors say they are concerned about tsipioras.

we are on the edge of our seat. -- seats. angie: we have the headlines when they happen. our correspondent in brussels. we ask our guest where greece goes from here. they say the eu must find a way out of the crisis without taking to heart of a line. >> on its own, they must pass a message that they are not trying to take revenge of greevece for the policies in the last months. it should give help to get greece out of the crisis. the european mean wants all of the members to flourish. >> the ceo is confident the

minister will be able to win over lawmakers in athersns. >> they say, "you go ahead and negotiate." he brings back the deal, if they say no it means greek exit. he will get his way. the parliament will vote for it. angie: they say that any deal will be dependent on politics rather than economics. >> the lenders are in the driver seats. what can the government in the domestic electorate do at this point. whatever does not make sense boils down to what we can sell

politically. angie: that is the word on greevce. they had a referendum after voters rejected austerity. here is how the supporters have been react to. -- reacting. >> i feel a little disappointed. i hope he will try to do the best for the greek people and europe in general. >> do you think voters feel betrayed? >> not betrayed. austerity measures were proposed by the eu.

we have tested them and they failed. we need something new and we want to test something that is us a new perspective. >> we voted and the government was going to negotiate with creditors in a more optimistic acesbasis for greece. i feel sad about it. >> why do you think he has changed quickly. >> i don't think that he has changed. he can -- angie: for a look at the corporate headlines --

>> they are considering a n acquisition. the ceo who took over after firing jenkins says that they will meet a new law that comes into force in 2018. they will require deposits for consumer operations and investment banks. the new ceo inat reddit says he will not make changes that led to his predecessor's exit. there was a user revolt when she fired an executive and was accused of censoring online

message boards. they bought machinery in 2010 and will get started later this year in india. the australian labor cost doubled in the decade and put the manufacturing industry under pressure. those are the top corporate headlines. angie: coming up next, the composite is up. are there still bargains to be had? we will discuss the chaos on china's marketys when asia edge continues.

angie: welcome back. the other big story is iran and a deal with the new year power.

-- nuclear power. a breakthrough may be announced. we are looking into this. >> it looks like we are according to the negotiation. it is in it's 16th week. it is technical. also key, the arms embargo. there is a resolution on that and iran wants the embargo taken away. when they reached the deal economic sanctions that continue to have an impact on the people of iran and that are hurting them in the pocketbook and the government. the u.s. is looking for an alliance partner with fighting

islamic state. they see a potential down the line. later we may get an agreement. angie: the supreme leader is saying interesting words about the reset of relations with america that many had assumed this would be. angie: absolutely. that is what washington viewed this as. remember, it has been 12 years of hard diplomacy and they hope that this leads to other opportunities to work strategically with iran for security in the region and to a dance american interests. it is -- advance american interests. the ayatollah says americans are arrogant. his words. first, they have to get deal signed.

angie: thanks. for checking some of the stories make headlines around the world, korea has confirmed the purging of the defense chief. this is two months after reports that he had been executed. he was killed by anti-aircraft fire for talking back in falling asleep in a meeting. a new minister was announced over the weekend. mexico's notorious drug lord has escaped from prison a second time. guzman disappeared from a maximum security prison near mexico city with a tunnel fitted with lighting and ventilation. this is 13 years after a prison

break. 18 guards are being questioned over the escape. a cloud of volcanic ash grounds 50 flights on sunday before the airport opened in the late afternoon. the delays will continue all day. welcome back. joining me and rish are -- to talking about the bookend issue to greece china. the data shows a little reprieve for the economy. >> the data shows that domestic demand is constant. export data is up. there were week months after. hopefully, that was encouraging. rish: the gdp number

wednesday. >> there are other things eating reported to focus on. you have municipal on dean issued over the next months and it will keep interest rates lower and further to revise the market function. >> you talk about the meddling from the chinese it's and can you put it in terms of share prices? is that no longer a good determiner? >> if it does not trade, it will change. however, we have seen other countries doing this. not to this scale. we have seen other asian

countries in the market. hong kong is an example of that. it is not unprecedented. the scale of which this is happened --. >> it is not unprecedented. scale is. the shanghai composite, may be a decade. -- maybe a decade. >> a lot will be suspended and people will come in and want to sell. there is a feeling that the market will bottom. you will get buyers as well. rish: the hang seng is positive. >> they will need to sell these. angie: you expect decisive monetary easing coming from the government.

how will that be on top of everything they have done? >> it will be effective actually. you have seen the rate cuts this year and they need to look at the credit markets. there is a lot of demand and supply by municipalities. so, tightening would be worse. >> what would happen if the come the start trading again? >> it is 350 companies that would be suspended. if you do that over the next couple of days, you can basically -- rishad: something has to be done with the margin trading. it has gotten out of hand. once bitten and twice shy.

they have to have that realization. .yes -- >> yes. they will because just. they go up and they go down and they may not react the way you would have anticipated. you have to be careful in how you make investment place. angie: here is the thing. some wonder "is it time to buy now?" ubs, black rock, and franklin templeton all say that. >> it depends on the china we are talking about. we have the asian markets in the hong kong markets and most are looking at the hong kong markets. you are talking at the shanghai market and that has come down a lot. 80-85 times. ridiculous.

the asian market, we have been cautious. we up rated the market. -- upgraded the market. we have taken it. angie: where do you see opportunities? >> in the markets, you should be overweighting. it is interest rate-sensitive and we know china is going to hold out. -- build out. >> in terms of premiums, it is still pretty high. you say they are underweight on hong kong. >> yeah. not hong kong china. we have a preference.

>> you do not feel good about the fundamental enconomy. >> there are a couple of things going on in december. if you do not do it by december, you have an issue. that might -- >> you are more positive about it. >> yes. it is a small portfolio. it is a sector that we like and that has come down tremendously. on the margins, we think the fundamentals might change. we like that. >> one of the asian market. they are being reconsidered for next year. >> they will have to sit down

and say what will be the consequence -- say "what will be the consequence?" they cannot do it either way. >> we are going to leave it there. we ran out of time. greece, china, big stories. the chinese stocks rise. take a look at the markets this week. stay with us.

angie: the situation will be on the mind of investors later today. we have more on what we are watching for you this week. >> the week will have investors focused on a global situation in greece and china and a parade of

earnings. we have jpmorgan chase, wells fargo, and ebay reporting. we also have energy companies that beat consensus in the first quarter. more than three times any other sector. they say it has stabilized and that there will be a focus on the company's. -- companies. mkinder morgan will be the first to report. meanwhile the cap on the weekly loss since march may have more to fall because of the energy oversupply situation. a big fix on oil is ahead.

janet yellen will be out with public remarks. she talked about greece and china and the timing of interest rate hikes. it it may go slower -- it may go slower because of that. it signals to the market that rate hikes are coming. su keenan. angie: novak djokovic has successfully defended his wimbledon crown. he defeated roger federer, who was going for a record grand slam crown. that is it from us in asia. we are continuing the live coverage for the latest on the greek crisis.

it is coming up at 7:00 a.m. 72 hours as tsi

>> total capitulation. sip burress -- tsipras is based with -- is faced with a deadline. >> china gains. companies resume trading. and, on the brink of a deal a nuclear accord with iran could be announced to did it -- could be announced today.