i am angie lau. let's get straight to the marketeer in the asia-pacific.are starting the week. the nikkei 225 down below the 1000 mark. it is the safety haven play. to australia, where we are going to check out the asx 200 for you. china weighing on investors no doubt. australian dollar spot, that aussie dollar is also weakening of. be -- the k cost ospi is just starting. fresh off the latest rate cuts from the central bank among many chinese lenders are offering favors much less for their deposit. what are we see? banksn: you're seeing following the rate cut, offering less for savers deposit than they have in the past. what you can extrapolate from that is that, if tanks are not lending as much as, which is a slowing economy, they are not going to pay more for your deposit. that is what we are seeing across a number of banks. one offering 2.85 percent a year on two-your deposits. the deposit rate has been cut down to 2.35%. that is the benchmark rate. and the banks offer certain premiums above that to get deposits into their banks so that they can lend th

i am angie lau. bloomberg.com.ur markets are getting underway here in asia this tuesday as the chaos continues to roil financial markets globally. david is standing by. how is a looking? david: good morning. we are seeing losses at the open. stocks are icing given the essence he fell into a correction. we are off .6 of one pretend. lows. now it five-year we are getting two-point win some of these and the weakness in these asian currencies is helping some of these equity markets. see how that trades throughout the trading session. nikkei 225, that is down. given the jump in the japanese yen. safe haven trade. the euro and the japanese yen. 124 two weeks ago to 121 yesterday. 116. one point over. to earlierck down levels. asx 200 down .4 of 1%. west checks is up 38. overnight down 5%. that is something to watch. other than the aussie dollar it for these.de i will break down the markets. let's get to opening levels. something to watch closely. it will not be surprising. describing what we have seen so f

i am angie lau. big-name interviews to tell you about today.e are going to hear from self ceo to talk about their first result two hours from now. thai that, we stay to the stock exchange president. 11:44 those of you watching in sydney. markets in in on asia monday morning. the selloff continues. extent to new zealand, down 2%. we have a weaker new zealand dollar, on the heels of china concerns. $.56 u.s.. we are counting down to opens in japan, australia, and korea. friday, this was the view from japan. nikkei down almost 3%. check out chicago futures. big differential. it will be a big drop this morning according to futures. strengthening, safety hayden at play. it is the start of a new week of the markets. last week, we saw some of the most turbulent sessions in recent times. there is little to suggest that things have calmed down. david joins us with what you need to know. david: good morning. let's recap what happened on wall street. friday, what we are seeing in asia is reflective of the acceleration of selloff. worst single they dropped

i am angie lau coming to you live from bloomberg's headquarters right here in hong kong and streaming on your mobile and bloomberg.com. first trading day of the week. new zealand climbing a quarter of 1% and continued weakening of the new zealand dollar. it is at 65 u.s. cents. there is no reason for it to fall further. we are counting down to the openings in australia, japan, and korea. five -- nikkei, dollar yen is slightly weakening. chicago pointing to a higher open for the nikkei to 25. 225.ading -- nikkei china's economy could be growing more slowly than official data suggests. explaining why the yuan has the outed, the pboc has come and declined to offer a definitive view on how it sees the currency trading. >> some very interesting comments. in both yuan will move directions following last week's devaluation. even if the central bank needs -- he didne it could indicate where we are seeing the yuan at the moment is going to be consistent with economic dust with economic fund mental's. -- insisted with economic fundamentals. bloomberg has done a survey of economists, who say tha

i'm angie lau. streaming on your mobile and bloomberg.com. let's check in on markets. new zealand, we're seeing gains. it is higher. spotew zealand dollar paring back. 65 u.s. cents is the level this moment. we're counting down to the openings in australia, japan, and korea. a bit of a selloff yesterday in japan you the nikkei -- japan. nikkei 225 -- futures in chicago morning to a lower opening following the selloff on wall street that we saw. the dollar yen holding. to our top stories. the volatility in chinese markets never really went away. yesterday's selloff really .howed that uncertainty the shanghai composite fell more on concern sent government support may come to an end. all of the action was in the late afternoon. >> absolutely. let's have a look at the internet chat. that occurred in the afternoon session. that was the lunch break. it is similar to what we were seeing back in july. why -- you could see profit takers living in. reasons.ple of other they are concerned the government may start to intervene in the market. this is basically the linchpin of the g

i'm angie lau.here was relief for traders on wall street after the biggest , putting a stop to six straight days of losses. in that time, more than $2.2 trillion vanished from the market. another volatile session, wasn't it? su: volatile indeed, but a big wave of relief hit the market. there was an old adage -- how do you spell relief? u.s. investors go, there were really two words from the fed. you combine those two, and it its biggestp off on rally since 2011. the s&p rising almost 4%. the dow soared almost 4%, or better than 600 points. no one appears surprised at what is being called a short-term rally, given the steep selloff that preceded it. tech company led -- tech companies led the gains in the wednesday market. google and apple were better than 5%. oil continued its decline, in large part due to the u.s. supply data, showing a gain in u.s. fuel. we have china adding to the glut concerns. latest economic data shows there were capital goods increases. the big question, of course, is about wh

i'm angie lau.

i'm angie lau coming to you live from our asian headquarters in hong kong.est measure of japan's trade with the rest of the world has missed estimates. shery ahn, give us the latest numbers. shery: they are looking pretty good in terms of the fact that japan did manage to stay in the black in june as it did in the past year, with the current account surplus coming in at 558.6 billion yen. compared to the previous month, it is much less. ofmay, they saw a surplus 1.9 trillion yen. it also missed analyst estimates slightly. analysts expected about 700 billion yen. japan is being helped by weaker yen. that helped the country inflate the value of income, not to mention falling energy prices trimming the import bill. we are seeing a surplus in the trade balance. the balance of payment basis has also come in at 206 billion yen in june. a lot of it helped by abenomics. felt: abenomics also being by the banks here. it seems that goldman sachs was head and shoulders above the crowd. shery: goldman sachs was a standout, but we also had citigroup, bnp paribas, societe