: i am angie lau. we've got breaking news. infosys coming out with third-quarter earnings. .rofit came in at 34.7 rupees that is compared to estimate of 33.5 billion. that is more than expected. we are going to keep an eye on these stocks. again, third-quarter net coming in at 34.7 rupees better than expected. on stock for the nifty infosys is up. stocks are down for the eighth time in nine days in china. the shanghai composite is headed for a bear market after falling 20% from its december highs. the slump in stock markets has extended into currencies. the dollar fell to a 10-month low. the currency dropped as much as 1/10 of 1% against the greenback. hong kong stocks sank to a year low. let's take a look at the markets. hong kong and china, currently closed for lunch, but here is how they were trading. the selloff continues. this is the picture in singapore , tokyo, and mumbai. i'm going to be back in a half an hour from now. time now for you for bloomberg west. emily: you are watching "bloomberg west." iran has released the

we are going to begin with angie lau. what are you specifically looking at? what is going to happen at 9:30 p.m. when markets -- 9:30 a.m. when markets open. as you have been discussing, it is a u-turn out of china. everyone is really scratching their heads. do they even know what they are doing? it seems like they are flying by the seat of their pants. they removed this brand-new circuit breaker rule that started on monday and was triggered twice already. they removed fat, so we are going to respond. that, so we are going to see how markets respond. will there be a massive selloff? how low will it go today? see chinese government-backed funds step in for intervention? that is what we saw on tuesday according to people familiar with the matter. joe: this is the question i was going to ask. what are people expecting? do people think the authorities will step in and some other way to try to calm things down? angie: that's what the chinese government hopes. they are trying to engineer call in the market. in the market. the one rule of trading is don't lose money

i'm angie lau. read here in hong kong and streaming on mobile. it's good check of the early trading action. >> a big day today. we've got markets around the region really bracing ahead of that data drop. we are getting a lot of domestic activity indicators as well. live got expectations of around 7%. bloomberg surveyed economists to about 6.9% so pretty close to the target of about 7%. now a look at markets trading in the region. it looks like another down day. just 10 points away, we will have to see how that fares. australia has a sensitive market in terms of the chinese slowing down debt. features for tokyo and hong kong pointing to a lower open. volatility is a effect that we see. it is a year you sell everything. it may or little bit overdone but we see the volatility spike right across the different asset classes. the market risk index is the highest that covers equity stocks as well as currency and commodity and bond as well. we had another down day when it comes to european trading. calm oneing a bit of the currency. they started this in

welcome to "first up," on angie lau, coming to you live from our asian headquarters in hong kong.

i am angie lau. let's check on the markets in asia. to australia we go. it starts here, 1% down, the aussie dollar at $.70. new zealand trading for about two hours now and here's the play. it is close to about 1.5% down. the new zealand dollar continues to weaken, $.66. looking at japan and korea, let's get to japan, the nikkei 225. another day of losses extending it past the 2% mark, below 18,000. check out futures in chicago, pointing to yet another lower open. the dollar-yen right now is strengthening. it's about safety plays. 2015 is turning into quite a year. it's only a few days old though. of you watching from the u.s., just a few hours ago the global selloff showing no signs of letting up. indeed, the s&p 500 capped its worst ever start to the year. let's go straight to new york. ugly day here on wall street. the s&p down, the nasdaq falling , all extending their three-month lows. it's the worst yearly start since 1938. ever since data started to be collected. the nasdaq has lost 200 points and the dow has lost more than 900 points. of course, the

. ♪ : i am angie lau. we've got breaking news.ys coming out with third-quarter earnings. .rofit came in at 34.7 rupees that is compared to estimate of 33.5 billion. that is more than expected. we are going to keep an eye on these stocks. again, third-quarter net coming in at 34.7 rupees better than expected. on stock for the nifty infosys is up. stocks are down for the eighth time in nine days in

it is 12:30 in hong i am angie lau.ce the yuan little changed for a fourth day after the pboc reportedly bought the currency on thursday. is heading foran a record gain against the dollar. on president has called china to pressure north korea, saying they are under pressure in terms of the economy. un described the kim jong regime as deceptive and reckless. ta consultancy shares are trading at 1.9% after a 12% job -- drop in profits. that was slightly above estimates at $19 million. sales fell short. we had an extended drop in india. , itat the end of the day has been slow growth for tata consultancy. but all the metrics are strong. ie: let's check in on markets with juliette. in the region with trade data out of china giving an initial lift to the shanghai composite and boosting australian stocks. it went into the lunch break flat after a very positive morning session. the hong kong market is strong as well, up 2.4%. nikkei 225 having its first gain of 2016 so far, snapping a seven-day losing streak. up by 2.5%. region

welcome to "first up," on angie lau, coming to you live from our asian headquarters in hong kong. korea under way. let's get to heidi. what kind of relief are we seeing, if any? we are seeing a little bit of relief across the region. let me just try and get those latest numbers up for you. korean and japanese shares are just getting underway in the last minute or so. nikkei futures showing a modestly higher open. we were down almost 4% for the nikkei 225. elsewhere around the region, new zealand still sitting low, by 4/10 of 1%. x now really ramping up gains, aussie shares up by 1.5%. i want to take you through what we are looking at in terms of where the markets are sitting after we finished yesterday's horrible session. this is the nikkei 225, a bear market. we are down 21% from the june hide. also down 21% from its august peak. let's take a look at how it will fare in the day session. it is technically an oversold territory at the moment, but analysts are saying this is not a technically driven market. anywhere around asia and probably globally right now, it is really a sentime

i am filling in for angie lau. breaking news out of singapore, the latest gdp numbers. asia correspondent is here. haslinda: it is a beat. here are the numbers. 2%. the estimate was 1.2 percent. the quarter before, it was 1.9. for the year, 2.1 percent growth in line with the government's estimate. growth boosted by construction, manufacturing, contracted just to qualify here. the final report will come in february. we are seeing a roller coaster ride. as you know, singapore is vulnerable to swings in global trade. trade, by the way, 300% of gdp. it has been hit by john -- china's economic slowdown. it has been hit i uneven global recovery. it is a highly export oriented economy. take a look at how it has been. eight months of decline for exports, as retail sales have time.almost through that singapore has tried to transition to a broader based economy. it has tried to boost services, tapping its position as an asian financial hub. it will be a tough year ahead. one economist says, 2016 is the .ear of tentative stabilization singapore's manufacturing will likely be disa

we will be joined by nobel .aureate joseph stiglitz i am angie lau. coming to you from hong kong. straight to the markets in the asia-pacific. this is the lowest level since july 2013. a weakening australian dollar. let's head over to korea. down more than 1% right off the bat. yuan.er want right now no training in japan today for coming-of-age day. investors bracing for another rocky ride after chinese issues plunged on friday. we are all feeling a year older and we are only a weekend. juliet: the australian market is added a two and a half year low. on friday in the united states was this china route really starting to affect global markets. down 13% over the course of last week. underperformed see bloomberg china u.s. equity index. the first five days in china last week we had today's cut short by the circuit breakers. on thursday day scrapped that. that is where a lot of the weakness really came through. a lot of investors really fleeing out of chinese equities. is the highest level since september. we also saw pessimism really about chinese internet companies. those big names