>> we heard noel quinn.ing the positive, trying not to dwell too much on the q4 earnings, which have disappointed investors. she dismisses those as noise which have no real value as to understanding the results for the year. he talks about strong confidence in china. he thinks that the chinese real estate market might have bottomed out and the bank says also that it has-risked the u.k. and crucially the u.s. commercial real estate exposure it had. he is talking about the possibility of more bolt ons, particularly in the wealth management space. tom: you kind of not to it there, will. what are the bank's plans moving forward? was should we be watching for? >> he is keen to emphasize this further share buyback of $2 billion worth of stock. there is also indications in their earnings themselves that the bank will be keeping a tight eye on costs, which may grow 5% this year. tom: ok. and investors currently, you are seeing the stock down 3.3% in hong kong. what do you make of the investor reaction? they seem to

haidi: noel quinn there.will be watching hsbc in the session today after it fell the most in about four years on those numbers. taking a look at how futures in europe are opening up. we are seeing asian equities looking mixed. u.s. futures climbing. the big moves are in ai and chip related names as we saw nvidia surging in the after-hours session. european futures looking robust, .6% higher. we are seeing european stocks edging lower but still pretty close to a record high. some caution ahead of the nvidia numbers. that potentially adds momentum now that they have been delivered. futures up by about half a percent as well. very much a mixed day when it comes to trading in asia. paul: let's look at how we are doing on fx markets. the won will be in sharp focus, currently strengthening against the greenback. it is of course bank of korea decision day and we will have that decision for you within the half-hour we expect and we will be unpacking that. we are expecting a hawkish hold from the b.o.k. and that is re

there's a write-off in the stake of china's costs, however, hsbc's noel quinn talks about the chineseconomy. >> i see economy repositions growing ahead. >> chinese stocks bound after a market regulator promises to step up supervisions while the shanghai and hang seng forces a crackdown. >>> wall street posting back-to-back declines led by losses of nvidia after the chip stock has gone lower >>> and europe's largest retailer sees a profit boost on lower prices >>> all right, good morning, everyone if you're just tuning in, a quick check of the european market, we're seeing a mixed picture. the ftse 100 is leading in the declines off by 50.2% we're seeing the cac 40 eeking out a modest gain on the back of earnings you heard in the headlines, stronger than expect xetra dax is up by 0.2%. overall european markets still close to their two-year highs. not that much difference let's push on and show you what's happening in the ur can ency space we're seeing a little bit of dollar strength coming back specifically against the japanese yen the euro/dollar is just a tad lower at $107.93 all eye