however this year we have seen sk hynix gaining a lot more than samsung and that is because sk hynix advanced in the memory chip which is really crucial to the generative ai technology. sk hynix is a key supplier to the hb chips to nvidia and that has been one of the key reasons their share prices have been outperforming rival samsung electronics which investors see as somewhat falling behind in the race for the high bandwidth memory chip that are supplied to key clients such as nvidia. whether this trend will continue will depend on whether samsung can play catch up in the business. some analysts have been telling me that samsung might be able to reduce the gap going forward but it largely remains whether samsung will be able to secure clients in the ai area. shery: sk hynix up 70% this year versus 20% for samsung so really a big outperformance. asia stocks reporter there. for today's session it is all down, down, down. we are talking about losses for sk hynix. how are its suppliers doing right now? annabelle: they are really tracking the losses we are seeing for sk hynix. you can s

the real story includes samsung and sk hynix. a u.s.sion allows the chipmakers to acquire the equipment they need to expand their operations in china. let's get more from the asia tech senior reporter. what does this mean overall for the chipmakers? it allows them to fulfill demand where they may possibly have found it difficult. >> that is right. this is a huge achievement for the korean semiconductor industry. a year ago the u.s. government announced sweeping measures to limit chinese plants access to chipmaking equipment. sk hynix obtained a one-year extension for operations in china. it created a lot of uncertainty for them and made it challenging for them to advance their technology and china. what this government has announced is effectively including their chinese plants in the list of verified end-users which means they don't need to renegotiate a one-year extension every year. it really eliminates a lot of uncertainty for them so they can now plan things and operate their manufacturing plants where they have poured millions of

has allowed samsung and sk hynix to acquire equipment needed for their chinese operations.ty sector with the company happening -- tapping c&c as possible advisors. we continue to track hong kong and developers as well. risks mounting even after a $56 billion selloff. next bring in asia equities reporter charlotte yang. is this a risk off when it comes to hong kong developers, inevitable given what is happening in the mania and -- mainland? >> investors are really not ready to go bargain hunting yet for the hong kong developers talks even though a lot of them are trading in key evaluations after this big selloff. probably that is due to the longer interest rate environment and also as you have mentioned, some of the troubles -- a lot of them have exposure to the mainland so they are not muted from economic woes on the mainland and the reason why our investors -- is often more due to the outlook. it's here to stay and that means that we will discourage homebuyer sentiment in hong kong, putting demand -- next year. even after, you know, the home prices in hong kong fell from a

sk hynix warned that escalating -- will force them to sell.will talk about all things sustainability as regulation is on the horizon. that conversation is ahead ahead of bloomberg's summit. this is bloomberg. ♪ host: welcome back to "bloomberg daybreak: europe." ahead of another european winter a new regulation due at the start of the year, business leaders are paying more attention to sustainability efforts. gwenaelle avice-huet from schneider electric joins me. an early riser. let's talk about the costs associated with sustainability. it feels like from an americans point of view that this was a transition born out of economic need. the war in ukraine creating a tailwind of a release from our traditional energy sources. and yet it is still an expensive prospect. talk to us about the costs. gwenaelle: you are right to. with the energy crisis, we need to be more independent to secure the supply and in case of the risk of a shortage. that is why the energy transition is bringing security. it has some cost but on the contrary it is bringing jobs

after sk hynix that it wanted support the merger.lt the transaction would be undervaluing at stake. expectations are a day after winning labor peace with a tentative contract with the united auto workers. ford also put the operating results guiding -- guidance citing the six-week strike of the pending ratification of that deal. the ceo said the firm was negatively impacted by the strike, which was estimated to cost a total of $1.3 billion so far. sources have told bloomberg that the uaw has offered a new contract proposal to general motors similar to tentative that they have with ford. they said that the president led them on thursday, the tentative agreement has been reached on both sides when they are said to be close on key issues. gm could make a counteroffer later on thursday on friday. vonnie: let's take a look at where we stand, nikkei 225 wise, we are up 7/10 of 1%. it looks like the cheery earnings news is affecting the day and asia as well. that and of course the hotter than expected cpi data, which seems to be having an im

sk hynix also falling as well.here's a fear that growing political tension could see some of these companies, china revenue hit, if restrictions continue to ramp up. however, interestingly, china's biggest chipmaker rising, which might force china to boost its domestic chip industry. >> we're looking at u.s. and china chip stocks. what about the european sector? are we seeing any spillover? >> yeah, across t bhe board they're both down in morning trade. that's partly as the negativity around those sanctions continue to ripple through the semiconductor. it's also casting doubt over recovery in the broader base. a asmi beat expectations but it's taking a more conservative view of 2024 and expects a river knew number similar to 2023. that means 2024 revenue expected to be flat. we heard from other companies like samsung, the chip recovery might take longer. >> arjun, thank you very much. arjun kharpal reporting from london. we appreciate it as always. >>> more breaking news, reports from china may be in. china's econo

sk hynix as well to the upside.this morning at the mining and resources conference in sydney talking a lot about the transition and everything that needs to be in place for the targets to happen. our next guest focuses on the mining. they offer one of the few supply options outside of china. we will be talking about the geostrategic aspect of the business. joining us exclusively is rowena smith. really great to have you with us. let's start with that. you talk about the unique positioning of the business in terms of being able to supply critical materials that often times are being controlled by china. rowena: there is an established supply chain in critical minerals dominantly in china. over 90% of the mining as well as the processing and magnet production is sitting in that jurisdiction. our proposition is to provide an alternative supply chain for countries to be able to have some choice about where they are taking the product from. haidi: we are talking about countries like australia and allies like the u.s. the

shery: our samsung, sk hynix and tsmc direct competitors?get relative competitive edge given the japanese yen at 150. will that fade depending on boj policy? >> yes, going towards the bank of japan's ongoing policy errors which have needlessly weekend japanese currency and weakened the nation's purchasing power. also invited imported inflation of the country, so there are many aspects for why the policies are just wrong. look at yield differentials in the fact that bank of and is conceding that inflation could go down but will start picking up again. that is the new narrative that they introduced over the last few weeks and the other thing they said on friday as they're looking at credit unions and asking them to prepare for rising interest rates and risk management read all the indications are that bank of japan has. inflation wrong and they are trying to create an offramp. how much have exporters benefited and how much will that dissipate? the weaker yen has masked what has been going on in volume. volume of exports. we're seeing that in e

its key rivals because there was a perception that the company was falling behind its key rifle sk hynixg to demand from companies like nvidia, and rumors that samsung was failing to clinch a final deal was pressuring the stock a lot, lately. i think the key area that investors have been focusing on is the samsung response to the ai trend and the company's own outlook on the chip industry. >> and not to mention sk hynix got positive news this week of being allowed to expand chipmaking inside china. what are analysts saying in terms of the long-term risks that the china-u.s. tensions because these companies? >> livers news over the weekend which was very positive for -- positive for investors. news that samsung will likely get a waiver from the u.s. to get shipping permits to produce chips in china, but the waiver was indefinite, and they would not to seek approval every year to improve -- import key equipment to produce more in china -- chips in china. this cleared up uncertainties that were hanging over, and they will be able to build their long-term plans for the operations in china. h

sk hynix reported earlier and it showed a slowing in the decline in revenues after similar reports.here were early reports from tsmc and samsung electronics. it adds another negative riskier in terms of what we are seeing out of china reportedly expanding its probe into the property sector to include financial institutions now. among those investigations according to the wall street journal report is the former head of the bank of china, one of the country's largest lenders. this is, for context, just coming a couple of days after china announced dimness plans to reinvigorate the economy. -- stimulus plans to reinvigorate the economy. that is not helping the hung saying after receipt trading resume after the lunch break. let's talk about japan because we have the renewed rout and global bonds putting upward pressure on the yields in the country. that is complicating the equation for the bank of japan so much so that bank of america sees a higher chance that it will tweak yield curve control when it meets next week. the base case increasing the ceiling on the 10 year yield to 1.5% fr

sk hynix down more than 1.5%.at australia now where trading has been underway for about an hour. we are seeing the broader asx up by about 8/10 of 1%. we are watching in particular some of the trading across whitehaven and ghb, we have seen that deal to buy two coal mines upgraded by ghp. also watching some of these lng and energy related names after labor unions hold to those plans to strike at chevron facilities in the country. putting a little more certainty when it comes to this dispute that has rolled the global lng market. about a 7% market share their being accounted for. looking at the aussie dollars 6363 is where we are trading. we are still listening to comments that came out of michelle bullard she has been speaking this morning at a panel in sydney and talking about the difficulties that still exist when it comes to the battle to cool inflation. she has been talking about sticky services pricing a tight labor market and the surprises she has had from how resilient the property market has been here. we