♪ haidi: u.s. equities surged back with sense of is the tensions are beginning to ease. betty: the revival of risk appetite since the dollar to lowe's levels in five weeks, except the yen. search of the economy looking serene, challenges are looking to make the service. betty: in washington allies expel russian diplomats in

response to a spy attack in england. haidi: hello from sydney where australia, and we are in our from the opening of asian markets. betty: and is just after 6:00 p.m. in new york and where looking at all the action on wall street and how it will play into the asia-pacific trading day. it seems that steven mnuchin's words eased fears and that was a reason given why we saw a strong rally today with a doubt up almost 670 points. that at the nasdaq, those tech stocks staging the big rebound. will was also interesting was -- i wouldn't say sounding dovish but at least the little less hawkish and that hawkish and that

made investors feel that they don't have to worry about the fed quite get on the market. haidi: even words of, coming from peter navarro, and we don't say often. he said the u.s. and china are at the negotiating table. this is where the chump administration started -- trump administration started with talks, but a mixed future of the set up in asia despite the big bounce in the s&p recovering strongly from the kleins last and the kiwi dollar dollar isat the u.s. the biggest loser over night dropping to the one-month low. withres looking robust 6/10 of 1% higher and aussie 7748 and aussie pants saw a little model interest in

these risk currencies going on, and gold futures a bit down and your crude backing away from the highs we saw on the back of the missile attack in saudi arabia geopolitical risks that analysts say is past and markets last week, and you take a look at the commodities. struggle,tinues to and a look at what is driving this rebound on wall street. topeditor of bloomberg's block joins us, and would be hobby if you bought that did, right? you mentioned steven mnuchin and peter navarro came out and it suggests there is serious back channel talks going on between the u.s. and china. this would suggest the trade war we thought we were going to get baby is not going to materialize to the severity without and they give a boost to industrials and we saw that in bowling at

technologies like jacobs engineering. spilled into financials and every other sector we saw today. the second reason we saw a boost is because there was a little bit of bargain-hunting going on. last week push them valuations to a level bargain hunters couldn't ignore. andame into this morning think about the p/e ratio in the s&p that was below 17 when we came in this morning. it is a little above 17 today to reflect the run-up we had, keep in mind corporate earnings and where they go, 21% gain and corporate earnings is the expectation for the year. we think about the expectations after friday, it was inevitable people were going to jump back into the stocks in technology and financial and into some consumer discretionary names. not every stock participated in the rally today, ge back down to a sharek low below $30 and went to bring up facebook as

well, it did finish higher but was down about 6% at one point at shares are still down 20% from record highs and below the 200 day moving average. if you are a glass half empty type of person and looking for any cautionary tale today, i should point out that 45% of the than half ofd more the nasdaq stocks are still below the 200 day moving average, so if you are a pessimist that would give you some possible that maybe this run-up we had today isn't something to get too excited about. rally is not as broad-based as it might appear? romaine: when you drill down into the numbers what you see is it is about four or five stocks driving this. you see what we had in the nasdaq and the dow and s&p, the three biggest companies in the microsoft, and amazon were 4% of each and it was a quarter move in the s&p,

and if you look at the nasdaq, you have stocks in that index and five of those stocks in much the same three once you see on the screen, accounted for 40% of the point move. on the top line you are getting broad-based, but when you break down into it is still a big cap rally. make no mistake about that. thank you soe, much. let's get to first world news with alisa parenti. david: kim jong-un. david: kim jong-un made a surprise visit -- and sources confirm that visit but cannot say how long he would be in beijing, nor whom he is meeting. alisa: japanese media reported that he traveled by train and the trip comes ahead of expected talks with south korea and the united states. facebook is headed for its worst month since may of 2013 and reports say advertisers are pulling back as the federal trade commission confirmed a

investigation at the privacy practices. the kleins oned monday but the market cap is down $100 billion over 10 days. mark zuckerberg is invited to address the senate judiciary committee on april 10. >> they will get through this, but, there will have to be changes and i think not only at facebook but otherd very large technology companies. then it's be a renewed focus on security and privacy. at least 54 people are known to be died in a shopping mall in siberia and dozens more are injured and people are detained for questioning in a criminal inquiry. investigators say fire alarms failed to ring and exits or blocked -- survivors say the mall was very popular with young families. wall street's average bonus

jumped 17% in 2017 to one and $84,000 come at the highest its 2006 according to estimates by the new york state comptroller. the bonus pool top $31 billion as employment in the sector slight -- slipped slightly. firms approached $.5 billion, the most since 2010. global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. parenti this is bloomberg. i am looking at a headline here, a long-standing news item in the property are set to buy gbp for 98 a quarter billion dollars come at the only headline we have right now, but skilled boughty partners to be

as his headlines roll through will give you more details on this deal. in the meantime president trump has ordered 60 russian the mets to leave the country and the largest expulsion in u.s. history and many allies are taking measures over the nerve agent poisoning of a former russian spy in the u.k. joe is joining us now from washington. why now for such a move? joe: this was a brazen act. it was a very public and open attack on someone on british soil and it was affected more than just the person who was the target. russia has been blamed for this. the u.s. and its allies had to make some statement on this, and it is adjusting that they all acted together simultaneously explosions.

this is sort of a standard diplomatic tactic and probably leads to some additional measures explosions. by these countries, russia has promised to respond shortly and we expect to see diplomats from the u.s. and the eu countries as well to be expelled from their. it is an aggressive move, what kind of response are we expecting from russia? joe: there certainly will be explosions of western diplomats from russia, perhaps closures of consulates. this is be an extension of what happened back when then-president barack obama expelled russians over the meddling of the election. putin seems to be willing to thumb his nose at the accusations and the fight on them. they're probably will be talks going on and stamps in contrast

to the phone call that president trump had with putin in which he congratulated him on the election and said they will be meeting sometime in the future. it is not clear when or if now it will take place now that the u.s. has moved with its allies. recovery saw this rally in the markets and it seems people are feeling more comfortable with the idea of a solution being found when it comes to trade. the u.s. trade representative's said we are negotiating and talking with china and it has been some movements for a discussion. there was initial movements from china to take a case to the wto, it is preliminary but there is talking going on and china certainly doesn't want a trade war. what we have seen in the past in

some of its things both with trade and other issues is the president tends to make an aggressive opening bid, and is willing to negotiate down to mitigate some of that threat. we have seen threats that have not fully panned out, the steel and aluminum tariffs for one have been accepted. so it might be able to see the same set of thing going on with china. haidi: joe, thank you for the latest out of d.c. andys something happening will get more entree tension and now companies are positioning on "daybreak asia". we speak exclusively with the ceo and president who is front and center on the firing line -- it is 10:40 a.m. in sydney. betty: and just ahead u.s.

stocks roaring back, and we get the state of play with senior portfolio manager next. this is bloomberg. ♪

haidi: i am haidi lun in sydney. betty: and i am betty liu and you are watching "daybreak australia". stocks are searching back on monday from the biggest weekly route in two years, although there is waste to go to make up for all the losses we have seen so far. joining us now from minneapolis is the senior falla manager at columbia threadneedle, can you make sense of these wild swings? -did one day and 600 in another? you look athether the equity or bond market where i am focused, i think a lot of market performers this year has been about expectations and one of your previous contributors

pointed to the expectations of earnings in the s&p rice 21% this year. we know taxes are a nice tell went, but expectations are high and yet they such a confidence in expectations like on a trade side, as we have been dealing with the last week, that can create volatility and that is what we are seeing with expectations. come: we keep hearing that at get used to volatility, but why are you focused on the bond market? where wewe think about pricing has been in financials, it has been on the bond market side of things. you look at the five-year treasury yields, if you asked investors six months ago what you would be doing if interest rates are a percentage point higher and stocks were up 10:00 percent? we are sitting here today with the brumberg index down 3% year to date and was one of the worst

financial market indices your to date whether you are in stocks or bonds, if you want to think about the by the debt mentality or something that has gotten cheaper, i think it is time for people to get out of their duration bunkers for say and the get fixed income think the investment-grade corporate markets is one place to look at that. betty: you make a great point, but why? and: people get spooked people get concerned that volatility will continue. if you look at what is priced in, you can debate if we are priced for a three or four hikes in 2018, and where priced at a reasonable path where we worked six-month ago, and now you are at a point where bots can play important role in the portfolio and be they couldn't play back then. they could be a shock absorber, and lester's it is an example of tremendous risk off, and treasures can play that role you want them to play. there seems to be a step back of the debate we had weeks

ago about getting to 3%, and it seemed like it was a given and imminent, and we are being shy. what happens if we get to 3%? is that the starting point, or d.c. resistance because at that point foreign buyers are going to come back in? gene: i think there will be resistance if we get above 3% and will see that later in 2018. you mentioned foreign participation and foreign bind, buying.arly -- foreign this week shy of 300 billion being issued -- when we think about the attractiveness of u.s. based bonds from the standpoint of foreign investors, those hedging costs have gotten high. or in the in germany eurozone and take over 3% to hedge back u.s. fixed income is an expensive threshold and does it leave you with a lot of yield after that currency hedge. when you step back you need to find new demand with domestic

buyers and we are finding that at wider spread levels and higher yield doubles that we haven't seen -- higher yield levels that we haven't seen in years. haidi: given we have had treasury this week at almost $300 billion and we have to $30 billion auction of two-year notes -- was that a reception that surprised you? the size of demand in the treasury market has been quite firm and is going to be a key thing to watch this year, particularly as the fed is on a accelerating pace on the run-up sheet and does it deficits continue to grow. so far so good in treasury demand and we start to see a broadening of that demand coming from both the pension side as they rebound out of equities and if we see stabilization and foreign flawless. you really see a boost in the bond market. betty: on the fed, or talk about

the cleveland fed president and some of her comments were not dovish but less hawkish, would you agree with the sentiment perhaps she is signaling the markets do not need to worry too much for the fed? saying don't is worry about rates and the trade representatives are saying don't worry about trade is interesting. betty: nobody wants to be blamed. [laughter] i think market expectations are pretty reasonable for 2018 when it pertains to the fed. historicallywho is a hawk their words are no longer fearful because we are pricing in a fair amount. is it possible rates go above forecast? it is but as more of a 2019 story. for 2018 where close and we think about the decision-making process we should be comforted by jay powell and his hand at the wheel being a continuation

of the policy where seen the last couple of years. and we need to, take a step back and see what materializes? i am concerned with the trade side and that is about expectations and optimism and the price of financial assets. if you look at take puzzles, the tariffs proposed and details on those tariffs in the next 13 days or so, so far they are not material as it relates to gdp. it is not a contribution to growth problem but more of a problem on two fronts. seeks confidence, and we kobach, that is definitely something we could see from multinational corporations -- the second is financial conditions, as we saw with equity volatility in recent weeks. as financial conditions tighten, that is what starts to spoke the feds.-- spook the

has volatility picked up enough it is affecting financial conditions and that is when the fed reassesses the game plan. we haven't seen it yet but it bears watching closely where expectations are as high as they are. great to have you and joining us from minneapolis. for analysis for the biggest newsmakers, tune in to daybreak asia at 6:00 a.m. in asia and download the app, or access it by bloomberg radio. this is bloomberg. ♪

betty: a quick check of business flash headlines, a signal to move away from that driven expansion that but record sales us there, and profits doubled in

2017 next the record home sales and finance costs. with booming demand for homes in lower tier cities. caution thatbanker they will press ahead with boarded investments after reporting profits that because the men's. that beat estimates. betty: china's number three lender reported a 5% gain thanks to the strengthening of economy. climbed $30 billion and exceeded estimates. haidi: pharmaceutical giant aiming to move more than double its sales in china over the next five years. mackenzie -- was told that

they have accelerated. 15 filings in china and we sought reimbursement reforms were the government once the big new access to patients. you have seven drugs receive reimbursement so we see material change now in china when we see a 2 billion investment in china and our aspiration is to more than double the business in the country. where do expect to be in the market in 2018? >> we hope to get more approvals in 2018 and it will be interesting to see how fast the government moves in some of these new filings. that is one of the things where just evidencing, all of these reforms, the government will have to staff up to manage all the new load coming in. we have been optimistic and we took a bet long ago that this was going to become a important article and we both a rmb center in 2010 and we have to manufacturing centers and we are

one of the few companies that i am aware of the has been integrated presence in china research and development,r manufacturing and commercial. the gives us a great opportunity to capitalize now on the markets. >> what are you hearing from regulators? is it becoming an easter market for ford pharmaceutical companies to operate and expanded? >> they want drugs to be approved in china as close to europe and china as possible and they would new technology to which they ares, very interested in x already in the country. with all of that we also see an explosion of the biotech sector and we see vc money start to flow in with ai companies starting to sprout up. it is becoming a dynamic marketplace and we are pleased we have a large research center. was their ceo

speaking to tom mackenzie at the china forum in beijing. .ill hear why there is controversy and backlash. this is bloomberg. ♪

>> the beautiful autumn day here in sydney. markets open the pretty strongly from wall street. the s&p seeing its biggest one-day jump since august 2015 after the worst weekly drop last week in two years. sydney futures 33 points up ahead of that open. i'm haidi lun in sydney. betty: i am betty liu. leyou're watching daybreak australia. >> the u.s. senate allies are expelling towards of russian diplomats in response to the nerve agent attack on a former spy in the u k washington is ordering 60 people out of the country and closing

moscow' conflict in seattles, and what is the largest action in u.s. history. eu nations expelled 30 russians. ukraine ordered 13 people to leave. canada expelled seven. >> we have sent a message that we will not tolerate russia's attempts to lowndes international law. european nations will also act to strengthen their resilience to chemical, biological, radiological, and nuclear risks. alisa: china's asking the u.s. to provide compensation for lost trade due to president trump's proposed tariffs on steel and aluminum. washington'sss assertion that the turks are due to security concerns. they are merely resurgence to addres protect american producers. beijing says they do not want a trade war. the managing director christine lagarde has told bloomberg euro area integration is short of

what is needed and must be advanced by progress in several areas. she says the eurozone is already close to a capital market union and almost there on the backside for a bank resolution. however, she says proposed central fiscal capacity is more difficult. >> they came to a close accountability but it is still short of what is needed. they need more trust, accountability, and to s trenghten treaties. one of the capital market. two is the banking union. three is the capacity that will signal to the rest of the world they are shoulder to shoulder. alisa: bitcoin has fallen more than 8%, sliding below $8,000. the latest decline pushes the loss this month to 25%. it is now below the 19 point $19.5 thousand

dollars. google said it would implement a ban in june. global news 24 hours a day. powered by more than 2,700 journalists and analysts in more than 120 countries. i'm alisa parenti, and this is bloomberg. thanks a lot. let us get a look at your markets in asia and new zealand. trading is underway. 0.8% at the moment. $72.98.ar flat at pressure is coming off of the riskier currencies. you had a one-month low when it came to the u.s. dollar index overnight. cindcindy futures robust. -- sydney futures robust. looking around the rest of the markets. you're seeing the yen is one of the only gains overnight.

pretty steady as the negotiations of the irish border and brexit continue. reminder of the u.s. 10 year yields. 2.85. robust for the most recent loss of treasury options overnight. reminder that we did have that big rebound and the s&p after the decline from the last week or so. watchingt more on what t trading underway. adam, given that we had the tech-led facebook, are we getting back to the popular trades? happenedhink what over the last couple of days is up with the fact that you had a huge leadership in tech. when you see these massive swings, like we had the big selloffs. rmers were poor perfo last year's will. you sell the stocks come back monday. i think it speaks to the idea that the chart shows it pretty

well. it is around the fact that so much money has blown into some of those stocks. it can be a potential trap and that is what morgan stanley is highlighting. a lot of the money that has been sucked into these stocks. when sentiment does turn and everything swings the other way, a lot of the money runs for the exits very quickly. i think it is a good time to reflect and understand on what it has happened over the last two days. is a school people that suggests the market leadership, which continues to look like tech, is in favor of the bull market, there is an argument stanley is agan sign of too much money in one basket. if you do see sentiment change, you get a huge swing the other way. tech is going to continue to be the focus over the next few weeks. is onvery -- sentiment

edge in that sector. they fled the bull market for so long. he will are watching for the tide to turn. betty: we've heard a warning from a market veteran. at whatit pays to look happens to the lead up to the 1987 equity market will down. do you see parallels here? adam: really what he is saying is some of the factors going on below the surface back in 1987, having the same kind of feeling as what we have going on today with the u.s. and chinese trade relations this is all about a u.s.-japan problem going on. there were images of congressman smashing up toshiba radios thesee toshiba sold goods to the soviet union back then. he casts the peril based on what

is happening today in the hong market, and overlays the chart with what the dow did back then. he is using this as a way to suggest that a lot of these underlying tensions, which to have parallels to what we saw at the end, the is not forecasting any kind of cataclysmic selloff in the market when we saw on black monday back in 1987. it is important to have a look at these kind of charts that can paralells echo back in history. he is saying this watch out == p -- parallels that go back in history. he is saying just watch out. betty: it is useful to look at what happened before. think you so much. another top credit official endorsing the rate hike. it is not rate hikes causing the buzz today. decisions to's

look at another white male economist to be it's cheap. kathleen hays with more. john williams people are making a fuss about. kathleen: they are because you have to do this in context and there's a question of diversity in all kinds of government institutions, corporations. certainly at the federal reserve it has become an issue. whose presidency is considered a front-runner. we have to start with what the new york fed president is and does. he is a white male. you can see the on your screen. but the new york fed president watched is very closely to the federal reserve. the new york fed president is the first among equals. here is why. the new york fed chief votes, a permanent voter, on the federal open market committee unlike the other presidents, rotate the most every couple of years. the fed chief has to oversee the

big wall street banks. you want someone who really knows banks and regulation. they conduct open market operations. especially the time you are reducing the balance sheet in the ways of operating policy. john williams is a well-known, will respective macroeconomists. he does not focus on markets. he does not think you should follow them to closely. the fact is he is not a woman or a person of color. just to see how focus it is for democratic senator had a bloomberg view columnist today figure has never been a woman or a person of color running in the new york fed and no one should be left on the sidelines and democratic senator elizabeth warren issued a statement late today saying that williams, if you will be selected, should

testify before the senate banking committee, which he is a member along with the two cochairs of the committee that has been speaking the next fed president to see about the method, transparency, and more. something that might have been he has all these various qualifications. something now, another layer of complexity has been added in this question of diversity and the backlash we are starting to see. from a woman hear president of the cleveland fact speaking today endorsing the policy pack when it comes to rate hikes. say when she was made president of cleveland, she left at the philly fed. a will resected economist. i think everyone was, glad to see anyone get the job but i think they're equally glad to see someone with her high qualifications she is will

respected. i think today she took a central ground. she think the fed, with his gradual ratee a hike, is on the right path. and cannot fall behind or overreact so much that causes the expansions is slow. she says trade tensions are a risk to the forecast. i think it is ironic or maybe fitting to hear that there are some women at the federal reserve and they are in the spotlight today. haidi: vicki so much. global economics -- thank you so much. reserve bank of new zealand getting a new government -- governor tuesday. joining us now with what to expect from the new governor. on the surface, he gets an economy that can raise the checks but a big challenge. >> obviously, it would be a nice problem to have. growing forhas been 10 consecutive years.

the same old challenges. unemployment is low. this chart, you can apply to start to pretty much any volatile economy in the world. they go. you have inflation sluggish, new zealand's post below the midpoint of one to three. also at a record low one point is a risk inthere a concern that maybe the housing market can overheat again. chief economist of west bank. until'recentlys. the new zealand superannuation fund. they went today. we will see how he does. haidi: think you so much for that. we will go through the details when it comes to ing, australia's earnings. lender will the

seek new growth. this is bloomberg. ♪

betty: good morning. i am blue in new york. haidi: i'm haidi lun. you are watching daybreak: australia. ing estoril you has reported and rise in profit. the lender says it is looking to oversee operations to deliver growth as it faces competition at home. joining us is the ing australia ceo. good to have you on for us. it is pretty tough going in this market, whether so much dominance by the local lenders. >> i think it has been a good era for us in 2017. we acquired new customers. 15% of their customer base. that is particularly pleasing. and the fact that we grew alongside and the loan side

system. haidi: the projector he will change if we get three hikes from the fed this year and three or four next year. to grow ourk it is business. almost 85% of our lung growth i -- loan growth is through mortgages. one-third of our growth was driven through nonresidential mortgages. from our perspective, the key is to continue to grow faster than the system. you are right. 2016 mortgages will bring in about 7% to 8%. this time, they brought five or 6%. the outlook on our perspective for 2018 is a lot of our growth driven by non-mortgages, especially -- loan mortgages. haidi: what is your focus on future growth? we have been in australia

for 18 years. we have 1.3 million active customers. our key focus we have been in aa for 18 years. is to drive this from our customer base and the number is 400,000. a group 68% last year. --lly driving haidi: thinking misconduct, will kind of thought bubbles have come for you?as a prompted you to think of things that you can look at within your own house? uday: thinking is all about trust. while it is not for me to speculate on the outcome of the commissions, clearly it is a commission into conduct of banking and that needs to be examined. i think the outcome for our customers could be good. i'm just curious what your clients are asking about. what is biggest on their minds

right now? key issue forthe clients really is about customer experiences as we see her challenge. how do we continuously approve the customer -- improve the customer experience and new ways to interact with us? really leveraging the channels and that is the key focus for us. and also the fact that traditionally we had savings and ourgages and we launched we will beyear and launching the secure loan next year. re: singh in australia as much as of description in the banking world as you are seeing here in the u.s.? war for talenthe on wall street going to technology companies to just spend tech companies taking market share away from the

traditional bank?are using that as much in australia ? uday: yes, i think the new platform reality is something that we need to compete in. it is open. it is borderless. it is scalable. for us, we are placed well. a digital bank. 99% of our customer interactions are digital and that is a big opportunity for us as we start to offer new products and services and give me reasons to interact in 2017. we launched a new digital savings tool. we launch apple pay. offer free atm interactions. no atm fees globally. you are right. there is a new reality, based on platforms. think we leverage well to take that to the next level. betty: how does that shape your

hiring? hiringell, from a when you would get into an processes, you're looking at customer journey exports, which is a bit different from the traditional martyr of sales and marketing operations. you're looking at into end customer experiences. you have to have one holistic view. are really looking to go agile, which is a holistic view of the operations and that is the key shifts, especially in our model. haidi: you talk about the future of financial services, you talk

about china and india where your last role was in digital payments. hthey had ali pay. is australia behind in that sense? the law -- uday: we launched the new payment platform. we are ready have close to 100,000 customers who signed up for it. the platform reality is real, and that is where this is headed. but is really part of an ecosystem. nobody wakes up in the morning and says i want to open a bank account. it is part of the ecosystem. haidi: also voice technology and spanking. banking. uday: that is a key opportunity for us. we start to grow digital channels even more. haidi: think differ coming on for us. exclusively here on bloomberg tv. you can watch us live and see

past, tv . join into the conversation good you can send us instant messages. bloomberg subscribers only. check it out tv . this is bloomberg. ♪

betty: i am betty liu in new york. haidi: i'm haidi lun in sydney. a quick look at business flash headlines. government provocation on when and where will actually happen. the ceo told bloomberg that there is to be done with the plan is moving ahead. saudi officials repeatedly said this would happen in the second half of 2018. they have recently suggested it could be delayed until next year. as a companybe

listing in the second half of 2018. we're doing a lot of work. at the same time, our committees from the government that are overlooking what you are doing. hna -- betty: hna has abandoned the kerry during of its unit less than 20 for hours ago. the chinese conglomerate cited weak investor demands. it was set to raise as much as $1.2 billion from the sale. the chinese government has been pressuring hna to reverse its acquisition bids and pair its massive debt. s after aedit default rule that failing to pay credit event has occurred. contract ensuring'$119 million of nobles debt will be settled

in auction. there also facing investor resistance to restructuring plans. es set to continue. a bond betty up next with daybreak asia. taking look at what is ahead over the next two hours. we will talk more about trade. it looks like a trade war ended before it even started. at least with how the markets are taking a overnight. it could be good news for this company. the age group is a chinese producer, which has been famous crosshairs. they also own a packaged me company in the u.s. for their stock lost 10% in the last three days you to the trade conflicts. we will see how they will deal with a potential 25% tariff on u.s. pork imports. things like they had a pretty

decent your last year. betty: they're right in the thick of the trade tensions. we will be speaking to aaron:, foley. he says it is remarkable to see a huge surge in the equity markets but why did the treasury not budge? mystery.npack that fxdi: also attacking the side of what you should be doing with those. they change from day today is not our by our. hour china. weaken.ely to saying that the japanese is undervalued. you can see further strengths to come. the dollar remains on this

trajectory. but the nuances when it comes to fx as we try to make the way through the trade tariffs stories. that is it for daybreak: australia. this is bloomberg. ♪

>> it is 7:00 here in hong kong. i am yvonne man. welcome to daybreak asia. the top stories this tuesday. reward. asia-pacific markets said to extend recovery on wall street as trade wars ease. investor appetite coming back. the recovery set of the dollar to the lowest level in five weeks, down against all g10 peers except the yen. globalfrom bloomberg's headquarters, i'm betty liu in new york or is just after 7 p.m. on this monday. allies expeld responsiveness by attack in england. the fallout his facebook