air asia group c.e.o. will join to run through those results and look at the future. 9:00, hong kong time. you don't want to miss that interview. retailerhead, resistance. why some japanese stores are theeaf ea ear to inflation target. >> quick check on the latest hems. to ease up have room on its buying program. yields ease liquidity concerns. even consideray postponing a decision on extending qe. the chief has publicly maintained a stance, but the meeting on december 8 will consider the sustainability of the programs. >> turkey unexpectedly raised rates for the first time in years, after the lira's plunge to a record low. oneral bank increased the week repo rate to 8%. lira initially rebounded but resumed its fall about an hour aboutthe news on concern the bank's independence and next month's meeting of the federal reserve. suppliers, said to be nearlyo a bailout, worth $900 million. the company may issue preferred shares to raise cash from the network corporate in investors.largest investigate a decade

markets asia. asia-pacific stocks extend their first week of gain since mid-october. japan rising for 11 straight day, but there are no positives for the bank of japan. inflation remains a distant dream with a distant dream with the 2% target far out of reach. stability in china, growth has picked up slightly this month. asia is back in the black lit to cheap fuel.d by what's going on in the broader region? let's find out more. >> asian stocks are gaining .gain, another day of gains that's after four weeks of losses. asian stocks have been on a tear, getting cues from the u.s. as we saw record highs there. the u.s. is closed on the holidays for thanksgiving. the nikkei is up .6%. data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling .4%. seven days of consecutive gains and now near overbought territory on the rsi. the asx 200 of .4% and data from new zealand showing the trade data narrowed. the kospi, not a lot of movement but rememb

still to come, with asia plus first market opening moments away, ♪ >> asia-pacific leaders say donaldt be allowed to derail closer global integration. >> china shakes up to establish order claiming the mantle of free trade champions. >> beijing ramps up the pressure on crown resorts with employees placed under arrest. takes action amid criticism for false stories in the presidential election. hour ofis the second "daybreak asia". i am yvonne man. >> i am betty liu. we are still getting more headlines from this meeting, a quick note, the president we just heard from him earlier talking about donald trump and what to expect. he also met with the japanese prime minister shinzo abe and cementing that relationship the two have formed and is that going to continue? as we seeuestions these world leaders meet in lima. presidentikely obama's last foreign trip before he let's donald trump take the reins here. he's pushing 40 p p despite the fact that investors seem convinced this deal is dead in for tppr -- pushing despite the fact that investors seem convinced this deal is dead in the water. w

and asia.sians are more educated, they are wealthier, and they have much more autonomy that may have had in the past stop the old u.s. model and view of asia really has to change. thank you so much for joining us. we will be talking much more about this in the next 48 hours. downgrade down under. why blackrock says australia could use it -- could lose its aaa rating as early as next month. we will go live to sydney for why that is. this is bloomberg. ♪ yvonne: this is a daybreak asia. westpac ares of trading in ostrow you, up about 1.3% after the bank announced a full-year profit in line with estimates. allen in over to paul sydney. how do the numbers stack up? paul: very well. three much in line. the market was expecting 7.83, so what is $10 million between friends? headline is the return on equity, that is down 185 basis points. the ceo is saying low interest rates, higher regular three costs and increase capital requirements mean a 15% return on equity target is no longer realistic. that was

chief executive of air asia x. as selfie app seeing a picture-perfect listing it for this guides -- if it decides to go public, or will it? i look at how donald trump is targeting the central bank. this is bloomberg. ♪ a quick check of the latest business flash headlines. australia's of league for banks. average short interest climbed 2.16% from 1.1% in october. rising fixed income yields have made higher dividend stocks less attractive. a man building a trump tower in manila has 10 named a special envoy to the u.s. the building is now under construction. it paid $5 million to use the name. he says he see's no conflict between the two roles. china's selfie app planning a share sale that would value the company at $5 billion. sources telling bloomberg there is a split over that valuation. it less people appear more attractive in photos. it generates 95% of its revenue from selling mobile phones. a question not about the timing of rate hikes, but about donald's plans for the central bank. sources telling us that dona

aybreak asia and i'm betty liu.he latest check on the headlines -- the chairman of india plus biggest conglomerate has denied allegations of mismanagement amid a deepening feud. a statement was issued defending his record, saying he'd like new policies in response to more stringent corporate governance rules. a nine page media release was issued, saying units of the company was drifting. options traders are sensing a bargain with asia las vegas that company. it's at its highest level. from their september high amid a selloff in tech following donald trump us when. their track record may prove them right. profits so are have top wall street estimates. one of 18 crown resorts detained in china has been released. the junior employee a chinese national was released on bail. three australian nationals are among the remaining staff being detained for suspected involvement in gambling crimes. its crackdown on corruption, beijing is focusing on overseas operators with operations in china. time for a look at what we are watc

this is "bloomberg markets: asia." ♪ asia-pacific leaders say donald trump must not be allowed to derailser global integration. china shakes up the order, claiming the mantle as world free-trade champion. japan posting a trade surplus with imports falling faster than exports. for and against the korean president as prosecutors say park geun-hye did collude over access. 30 minutes from the open in china and hong kong. singapore, kuala lumpur, and taipei coming online. how our markets tracking? buty: it is looking mixed, we are seeing markets in the red except japan and taiwan. hown not surprising given much the yen has plunged against the dollar. downe seeing the kospi .4%, the threat of impeachment as prosecutors say park geun-hye was involved in that influence peddling scandal. we are seeing minor stocks and consumer stocks driving the declines, the asx down, reversing three days of gains, while new zealand is down .2%. new zealand has been losing ground for six consecutive sessions. about japan, look at that, gaining .5%, the nikkei already in april market territory, but we are now see

in asia.he story comes down to japan, where you have a weak yen. followinge nikkei 225 the quake. , down 7% inng out new zealand. what you're saying is a pullback across mining stocks, especially gold producers following the drop in gold prices. wednesday last week, four trading days, gold was trading well over $100 from current levels. .1%, and we are tracking across southeast asia when the rest of the markets open up following the massive drop on friday, led by indonesia, the worst day for southeast asian stocks going back to august 2015. markets, have a look at the 12 month chart. it is trading above the 200 day moving average for the first time since this year. that hopefully will provide some level of support. following that indicator closely as well. the other story i want to mention is the bond market. have a look at this. changes, theu the percentage changes, and some of these assets for the past year. right in the middle, you have the u.s. ten-year treasury. what that means is yields

/asia relations? >> it's a big security threat to the region and to the world, but the thing is, again, we don't know how mr. trump is going to deal with it. he's said he would speak to kim jung un to try to stop the nuclear program, which would be a major shift in the policy. also said put pressure on china to solve the problem. so suggests he sees it as a regional problem and not big enough to threaten the u.s. in order to tackle the problem, i do think consolidating japan u.s. what is happening in south korea at the moment with the president in weak position politically, that also poses a challenge. >> go to another issue that was hot during the campaign, transpacific partner-free trade pact. both candidates made it clear they strongly oppose it. member countries are anxious to know where this leaves the agreement. our senior economic correspondent joins us here for more on that. >> it took more than five years for the 12 pacific rim countries to reach an agreement. obviously japan and other tpp me

we do it on behalf of our asia -- europe and asia. it has consequences for how our allies see us. i had an interesting discussion with scholars from china who are interested in what the future u.s. policy is in the middle east. one of the questions they ask is does this mean the u.s. wants china to play greater role in security in the middle east? i can't tell you what the trump on that ision's view going to be but i can tell you it will be consequential, for the united states as well as the middle east. kathleen: i think that what i would say is that there is tically, and they are the ability to deal with fluidity across multiple types of challenges, probably multiple regions, and that includes fluidity across different alliance relationships. you already see a lot of that were we use the construct that is most useful to the most important players at the time whether it is nato or the u.s. and alliance or bilateral or quadrilateral. i think that is good. it is good to have that fluidity and flexibility because the challenges we face will require it could i also think they require

on the: we will focus asia-pacific in a moment. ♪ rishaad: you are back with "daybreak asia".through from china on their view of hong kong. haidi: requirements when it comes to the oath required for hong kong lawmakers. also saying china is determined to oppose hong kong dependence. strong words from the official news agency of the mainland. rishaad: at the top of the hour, we have a statement. more details of beijing that stage. haidi: let's get a quick check of the latest business flash headlines. for could be a record year a global downturn in swiss watch sales. double-digit growth in every market. for a global downturn in swiss watch sales. that: sides with the 15-month decline for the industry. hong kong and saudi arabia suffering the worst slums. we are totally contrary to the market. the market is down, and we are up double-digit, which is great because it means we are gaining market share, in market share is what we are going for. makee more interested to -- gain market share than turnover. of course if you can have both of the same time, it is great. japanese advertis

market,s force the particular he in asia, to take a pause, or does asia trade at a discount now? things will different now that the election is over. we have a republican congress. we know that paul ryan and the leadership in the senate believe in having free trade, and i think they will be an important balancing act with president trump to make sure we don't do anything to destroy the positive oure we have had with foreign partners throughout the united states and particular he throughout the world, in particular he in asia, so i am confident the leadership in congress will help keep us on track their, and i'm sure there will be appointments to key positions, but they were also do the right thing because the economy has been so strong and so clear about how having a good system for allowing free trade to happen it is good for our economy and great for the nation for the long run. right, quick check of the latest business flash headlines. current and former officials at some of south korea's biggest companies have been questioned as part of the investigation into the president. t

expanding in asia.s., europe, these firms have taken over traditional banking roles from big banks. expanding in asia. take a look at this chart which trading, rise of algo making up more than 30% of trades in the region. it is less than the u.s. or , 66% in the u.s., 44% in europe, but still huge growth. ok, the trouble is that this is a burgeoning business in this part of the world. how has it been received? shery: it is. it has its own risks. depending on what country you're talking about, the reception has been mixed. in china, there has been a crackdown on high-frequency traders. in india, some brokers are asking authorities to his low down computer trading. india is the developing world's biggest electronic trading market. then you have country such as singapore being viewed positively, several electronic traders setting up shop. the big banks have seen a recovery recently. does this change the picture when it comes to the process? >> take a look at the five -- u.s. investment banks, more than $20

inthe end of the day, we are asia, still traditional.e to stick to your gut and say this is the way it is, understand your market, understand your people, and go with it. haslinda: thank you for your inside. there you have it, the energetic founder of david:. -- founder of orami. haidi: love that energy. next, millions in lost revenue. the cost for an all strain amusement park after the death of four visitors. ♪ rishaad: you are back with "bloomberg markets: asia". haidi: shares in ardent leisure, take a look at at the moment, down by 3.25%. the company announcing a reopening date for its dreamworld theme park. rishaad: four people were killed in october on the thunder river rapids ride. paul allen is in sydney. what is happening? has been a tough few months for ardent leisure and the families of those victims from that terrible accident. ardent leisure has made no revenue in november, or the dreamworld park has not anyway. there has also been operational costs of formally in dollars and a one-off charge of $1.6 million. it does seem cra

we are already seeing it in asia today.nk there will be a difference between developed markets and emerging markets. the rise in u.s. interest rates along the curve will be damaging for those countries still struggling and dollar peg. people will be fearful of china allowing the currency to weaken thatst the dollar, and tends to put a freeze on the performance of emerging markets, particularly asia. manus: the inflation expectations, the ratcheting higher, not one analyst thought these rates -- the bond yields would break 2% before the end of the year. ,onald trump in the white house but the market is assuming inflation. offt yellen wanted to get zero, good news, so what is on the table for next year, three hikes, four hikes? it depends on how quickly he spends the money. if it is frontloaded, it will be an inflation problem. given that the u.s. is getting close to full capacity, and unemployment rates are down now. thefront loading of spending will lead to inflation pressure in the u.s.. markets fed will do, are anticipati

in asia, the u.s. alliance with thailand remains in danger following that country's most recent military takeover. president duterte has declared the country's separation from the united states euro -- united states. the implications of the political crisis engulfing the administration in south korea is not clear. the future alignment of turkey, long a critical partner of the crossroads between europe, the middle east, and asia, is also unclear, while israel and traditional arab allies in the middle east are alienated by the u.s. nuclear deal with iran. america's credibility as a security guarantor has been damaged by the failure to inform president -- failure to enforce president obama's syria redline and by president-elect donald trump's threat to revoke alliances unless they pay more for their defense. everywhere there is a sense that the west is in retreat and that the liberal international order is fraying. this is the jumping off point for the project, to go back to first principles and examine t

be a ceding power and influence in asia. rishaad: many say china will be the beneficiary. >> china is going to do very well. rishaad: thank you. we have some rail services in japan resuming. this comes after the earthquake and fukushima. it was magnitude 7.4 that triggered tsunami warnings. no major injuries have been reported yet. what do we know at the moment? >> i just want to update on the airport. it has now reopened. we should be able to see flights coming in their. japan airlines did also say earlier that they had canceled some. that will probably affect a couple thousand people domestically. has bullet train services resuming. the railway east is still disrupted. five people were injured. japan's finance minister was saying that there have been no reports of major dance of our. shinzo abe is currently on an official visit to argentina. the 7.4 magnitude quake did hit off the coast of fukushima earlier this morning. there were concerns about its and on the morning, possibly a three meter tsunami. the most severe warni

relations between japan and asia? it is difficult to tell, they have agreed to meet again when their schedules allow and to have roger and deeper discussions, according to mr. shinzo abe, but the government's focus at this point will turn to mr. trump's personnel choices, whether he takes advisors such investorlynn and an wilbur ross, japan-friendly people who might indicate ties can go on more or less as normal. the we have seen is that electorate in japan is concerned about this relationship. we have seen polls that have shown that more than half of people in japan see donald trump as potentially not good for trade ties and not good for japan's national security. rishaad: thank you very much indeed for that. has spokejanet yellen about a rate hike next month, saying the u.s. economy continues to show strength. andtold congress that she the bank will retain their independence under president trump and that she intends to serve her old term. -- her whole term. why did this prompt another selloff? >> it is worth noting

>> yes, the pivot asia. rebalance of asia. michael: so i can't resist the earlier question, which is a fair question. from the gentleman with the hat. one of the strengths we have is that this system of rules and norms, broadly, is now embraced in my part of the world basically from the south asian continent to hawaii. that is billions of people. it is contested, it is debated. is there anti-americanism in places? definitely. do we make mistakes? definitely. i hear about it all the time. this may have been as the british and anglo-american and nato-centered, but it is a model that many parts of the world, certainly my part of the world, asia, people prefer, and we see that in opinion polls. but it does, enforce the point that we need to reflect the diversity of alliances and actors and players who have a stake in the system and listen to them. on peace through strength, great line -- reagan used it, eisenhower, probably john quincy adams -- look, the odds are very high that the defense budget and the supplemental will go up $5

in asia once we get past the election?very striking feature of the debate is how little asia .eatured in any shape or form when foreign policy came up, it was either russia or the middle east. clinton, it isy a pretty safe bet that it will be continuity, a harder line on china than her predecessor. if it is donald trump, who knows? rishaad: who would the u.s. be looking at to make sure the next shoe to drop should not be. >> it is a slippery customer. mr. obama spent a lot of time in southeast asia. switchbackwill see a to bilateral relationships but not necessarily the allies. philippines and thailand are both wavering. it will be a new ballgame. do we should the u.s. -- have a world where the u.s. is retreating from their position on the global stage and china more than willing to step -- how dangerous is that? >> the great uncertainty around what trump really thinks is going to be there on day one if he wins. it will not reassure anybody in the region. rishaad: coming up, cash crunch. what is behind this chinese billion

are talking about the msci asia-pacific index. conversely,: you can talk about the end setting times we are in at the moment. rishaad: that's one way of putting it. haidi: the great unknown in terms of policy. rishaad: or the known unknown. let's get straight to the market action. juliette: it is looking brighter today. regional indexhe higher for the first time since thursday, that reaction we had seen to the election of donald trump. you are seeing positive conviction and not just emerging markets, but also widely across the board. on thatei strengthening weaker yen, up 1%, holding onto the best level since the first of february. positive movement in banking stocks and export players. hong kong higher for a second consecutive session. .nergy players leading the gain tencent moving higher ahead of its results after the bell today , up by 2.3%. it had fallen quite sharply from the peak, down about 10%. the woni doing well, strengthening. heavy, one of thee of the best performers. strain market similar to hong kong, energy players

♪ rishaad: this is "bloomberg markets: asia." am rishaad salamat. ♪ rishaad: asian stocks fall on u.s. election jitters, the yen strengthens. south korea's president naming a new prime minister and finance chief as she tries to recover from a political scandal. ,uch needed good news for tata the jaguar brand leading growth in the u.s. market. look at markets of the moment, a lot of jitters out there. malaysia, and singapore coming online, but it is about the polling in the u.s. haidi: that's right. we are getting jitters when it comes to the asian session. have managed to keep our head above water when it comes to the political noise from the u.s. of red see the sea across the region. dollar-yen is driving the session when it comes to tokyo. we saw a steep selloff in the dollar overnight. as ave the stronger yen result weighing on exporters and driving markets lower. take a look at what we're seeing when it comes to oil prices and gold. gold overnight, take a look at this, hitting a little resistance. that is doing quite well. we

♪ ♪ asia.is daybreak shery: a quick check of the latest business flash headlines, china has tied monetary conditions in recent weeks. at analysis of the transaction shows the pbmc has come back market operations and is injecting more funds in the 14 and 18 day contract raising short-term borrowing costs and bond yields. the move is seen as another sign of tightening. betty: leaders of the campaign to take the u.k. out of the european union have rejected a report planned by the bank of government -- bank of england mark carney. reports say he has discussed ways of allowing companies to remain in the single market for two years after brexit. the leader calls for a clear, clean, and simple approach. shery: peruvian air has been fined 1.3 million in -- $1.3 million from a parent company. familyts owned by the [indiscernible] they have been sent to prosecutors for further consideration. korean air has declined to comment. betty: oil dropping the most in over two months last friday. there are doubts

a look at toyota, honda, and nissan, all down across markets in asia.aking news 24 hours a day in more than 120 countries. this is bloomberg. welcome back. i'm manus cranny in dubai. angie: and i'm angie lau in hong kong. south korea's president is installing a new prime minister and a new finance chief. he is trying to restore confidence in his administration, but prosecutors want to address her close friend at the center of a peddling scandal. she is the focus of all the anger, but her top lieutenants are the ones who are out. why? therter: she is replacing , with the former advisor to another president. he is taking up this symbolic role. she also tapped a new finance minister, who has been chairman of the nation's financial services commission. this comes as the ruling party called for a mutual government to restore confidence, because it seemed huge public furor over friends werehat allowed to meddle with state affairs. this is along with allegations that she was allowed to make a budget to stop decisions and also raised a business lobby that's cre

>> we tend to be investing in southeast asia.emographice we see and consumption growth to be strong. in china itself, although the lines are always about tolerating growth, and we talked about the transition -- shery: what about industry? >> within china, i think the new economy, e-commerce, mobile -- shery: when it comes to regions growing out of asia, how about emerging middle east? >> i think the middle east definitely faces some challenge, not the least of which is the lower oil price. but if we look at other oil exporting countries the flexible this allows them to make adjustments in the economy. a lot of the middle eastern countries trade with the dollar but they don't have that flexibility. i think it is going to be challenging for investment for quite a while. shery: thank you so much for joining us. of globalng, head emerging markets. back to you. delsey: thank you. coming up, opec members failed to work out a compromise on a deal to cut production. we will discuss the implications to the markets, next. this is bloomberg

we have focused in southeast asia in -- but we have ambition to go beyond asia.ct and the technology and the value added services we provide our catered toward asian companies, expanding regionally. i am talking about freelancers and sme's. emily: describe the state of the start up landscape in singapore and southeast asia. is definitely a good time to be in southeast asia especially in singapore right now. when i first started on my company it was very difficult to raise funds. but nowadays, i think the funding amount that is available to startups across the region has raised from $500 million to more than $1 billion in the last 12 months. you see a lot of startups coming in and you see a lot of startups getting more mature and we have been seeing a few unicorns humming out of southeast asia alone. emily: the new fund name, what do you intend to use it for? to allowe funding is us to expand next -- aggressively and quickly across asia-pacific. it is for us to invest back into our members and businesses who are with us and this company is expanding -- these compa

>> i would say asia is an very important place.ted states would be wise to sit down and say how can we engage china. because this is where things happen. >> reporter: for "nightly business report," i'm eunice yo yoon. >>> well, it's being called the white house in midtown. trump tower in the middle of manhattan is creating a traffic and security nightmare and a headache for some of the most recognizab recognizable retailers in the world. the flagship stores are concerned as the busy holiday shopping season approaches. >> many top retailers are not feeling much cheer. the reason, security and crowds here at trump tower. new york city mayor bill de blasio announcing steps to alleviate the crowds. trump lives and works in the building located in one of the busiest intersections in the country. the security measures and protests around the president-elect have turned the entire area into a green zone, choking off businesses for many retailers. gucci is largely empty. tiffany was closed and still surrounded by blockades. analysts starte

the major asia-pacific economies are meeting in peru this weekend.y will all be talking about one man. >> donald trump will not be at the summit but he will definitely be a topic of discussion. president obama is likely to face uncomfortable questions about his successor's trade policy as hope fades that the transpacific trade partnership will be ratified. the 21 countries that make up the group are looking for new ways to boost trade. we have been speaking to an economist that says donald trump's protectionist policies have created opportunity for china. >> china immediately the day after the election victory announced that they are going to start a beijing lead free trade area of the asia pacific and right now china is in peru over the weekend. these few days the chinese president is getting countries which had previously signed up and excludes china to look at the free trade area they are proposing that they will askednd peru has already to join the china led free trade area of the asia-pacific. people and profit on-air today. happening on the mar

across asia this? across asia today this? across asia today at we this?d on asian markets, all the asian markets falling markets falling dramatically at one point, markets falling dramatically at one point, most of them are markets falling dramatically at one point, most of them are closed but point, most of them are closed but now we have the now we have the bombay markets in india now we have the bombay markets in india still open and now we have the bombay markets in india still open and still down india still open and still down about india still open and still down about [2% they india still open and still down about [2% they started the about [2% they started the day lower down, about [2% they started the day lower down, about about [2% they started the day lower down, about 3%, it's notjust lower down, about 3%, it's notjust stocks across asia, lower down, about 3%, it's notjust stocks across asia, you've also seen stocks across asia, you've also seen a real flight stocks across asia, you've also seen a real flight to safety, in terms a real flight

the trade pact was a linchpin in president obama's asia live it and was seen as a chance to write asia's trade rules before beijing could. now, in the wake of trump's election, china sees an opportunity to introduce its own asia-pacific free trade deal. trade and investment protectionism is rearing its head and asia-pacific faces challenges such as insufficient momentum for internal growth. china believes we should set a new and very practical working to sustain momentum and establish a free trade area in asia-pacific. >> mexico has been hoping the tpp could be used to help modernize another trade deal trump has threatened to rip up, nafta. mexican officials are hoping a version of the tpp without the u.s. can still be salvaged. >> thank you very much. time now for our press review. studio -- we the have one topic in the u.s. grabbing many headlines. we will focus on the latest news coming out of canada. the prolific singer-songwriter leonard cohen has passed away at the age of 82. >> let's look at the local papers in montreal. , a legendary montreal singer-songwriter dead at 82. that is

we have a lower session in asia so far.elections come a huge amount -- we are taking a look at futures, indicating up. the chinese markets are fairly shielded my what is going on today. free trade up. we have a positive manufacturing number. unofficial gauge coming out in about 15 minutes. the aussie looking flat. we had an initial spike. but holding at the moment. not expected to do anything today. holding the cash rate at 1.5%. we are looking ahead to some of the action coming through. all of that getting a reaction from the markets. much stronger than expected. going to be talking about business in asia. are they going to be selling any of those planes. ♪ in ♪ this is bloomberg markets asia. rishaad: just taking a look at what is happening with the opening here in hong kong with the shanghai, shenzhen. getting reaction to the chinese economy with more signs of life, strong numbers in pmi coming way instant -- coming in stronger than expected, coming and stronger than the september numbers as well. haidi: we will see how

this is bloomberg. -- this is "bloomberg markets: asia".s not concerned, fosun 's chairman. he told tom mackenzie while he's positive. >> high believed the leaders of both countries are smart enough to find the best way to cooperate. n will be guided by our strategy of combining global resources with china's growth momentum. i don't think a president is free to do whatever he wants. a balancing act. it is only a four-year term. the best thing about democracy is this balancing and self correction. if the president does not do a good job, the people will vote him out, so i am not concerned. i am optimiic about the changes that a businessman-turned-president will bring to america. maybe there are some opportunities. >> i wonder what you think are the key risks now for china's economy. >> nonperforming loans may still be on the rise in the next 1-2 years because of a overcapacity, but i don't think this is a major issue because other types of loans and residential mortgages are still benign. of overcapacity is almost complete in the coal and st

this is "bloomberg markets: asia." ♪ rishaad: you are back now.industry revenues fell for a fourth straight quarter, shipments slid. we are looking at the gloom and doom, the global pc market. reflected ining lenovo's results. you will see quarterly profit did beat estimates. net income at 157 million dollars instead of $87 million. revenue beating slightly, but still dropping 8%. thatroblem here though is they mostly be because they had a gain from property sales, a huge gain of more than $200 million. this is not the first time this is happened. straight second quarter that lenovo has unloaded real estate, so they acknowledged they have tough conditions ahead. when they announced financial results, they said the market conditions could remain tough in the short-term. the company is investing to drive long-term growth. marketow that the global is bad for them right now. they have aon that lot of challenges from hewlett-packard, dell. in fact, lenovo's lead shrank to the smallest for the quarter since 2013, when they became number one in the indus

you talk about asia, what do we really mean? different people have different views about asia as well. but i think when you talk about privacy laws in the asia-pacific, i think the countries that come to mind, at the forefront of regulations would be japan and korea. and to some extent australia new zealand. and countries such as singapore, and hong kong, taiwan, and the philippines. some of them are actually put into place in 2012. singapore is a country where they have changes. they are progressive. but the fact is that they implement the privacy laws for the first time in 2012. that, again, gives you some idea as to the importance placed on privacy. and then in the last category you've got countries such as indonesia, vietnam, and china. and so these are the countries where we call them privacy laws. they're not really based on privacy. not individual privacy anyway. and i heard today a lot about human rights, how privacy is a human right. for a lot of these countries, and with these laws emanating not just because of a motiv

let's turn to markets open now over the asia pacific region. we're seeing pretty positive for the sidney, but seoul's kospi training in the negative. we'll have more in a couple of hours. >> ichbd india has faced power shortages. the indian government projects that in 15 years the country will need 10 times more the energy than it's nuclear power plants are currently generating. >>> concern for the welfare of animals is prompting japanese farmers to raise livestock in more humane ways. it also results from products that are more favorful to eat. >> these signs are being seen outside of restaurants. he advocates for the hue may have been treatment of livestock. >> the meat is tender and has great texture. >> the special meat appears in several dishes including grilled spare ribs and stews. and his customers approve. >> it's got a very rich taste. >> pork at supermarkets sometimes has a strong smell, but this doesn't. >> the pork comes from a farm in the suburbs of tokyo. the animals are raised from a set of concepts that originated in the uk. on

trump, himself, has had much experience or much knowledge about asia. i don't think the people around him have a particular strong focus or interest in asia. i don't expect that there is going to be any special attention given to asia. >> but it's a region of economic growth, right? >> yes, of course. so, i think that as a businessman he would expect that american businesses will try to take advantage of the opportunities. investment and trade and so forth in the region. i think he would be very interested in making sure that american companies benefit, but i don't anticipate that he's going to focus american government in that regard because i think he's basically a businessman that believes companies could take care of themselves and be profitable and be successful and especially spending government money, taxpayers' money on what he believes to be unproductive things is a waste. so, i think he wants to focus american government resources more domestically. he talks about creating jobs. >> as i just reported, prime minister abe is going to fly to new

you talk about asia, what do we really mean? different people have different views about asia as well. but i think when you talk about privacy laws in the asia-pacific, i think the countries that come to mind, at the forefront of regulations would be japan and korea. and to some extent australia new zealand. and countries such as singapore, and hong kong, taiwan, and the philippines. some of them are actually put into place in 2012. singapore is a country where they have changes. they are progressive. but the fact is that they implement the privacy laws for the first time in 2012. that, again, gives you some idea as to the importance placed on privacy. and then in the last category you've got countries such as indonesia, vietnam, and china. and so these are the countries where we call them privacy laws. they're not really based on privacy. not individual privacy anyway. and i heard today a lot about human rights, how privacy is a human right. for a lot of these countries, and with these laws emanating not just because of a motiv

here is a look at asia.he first 24 hours at the very moment, a lot of networks were projecting donald trump would be the next president, so this is the gms function. it is the first 24 hours at the very a tweak right here. you shift that, it takes you to that moment. in hong kong, it is 3:31 in the afternoon. we have mapped out the sort of move we have seen across asset classes. and the colors are screaming out what it means. the moves are not what you usually see across markets. stocks in asia very green. that is the simplest way to put it. japan up 6%. singapore 3%. the best day in eight months, volumes surging as well. we are used to seeing this here in hong kong across markets in the region. market story number two, bleeding continues in the bond market. very red, healed going up. 30tralia 10 year 30 years up basis points. move in theg a big yield curve. reading a steeper yield curve. forex, japanese yen still weaker from this time yesterday. everything else in asia, it is down against the u.s. dollar de

we heardpiked since the earthquake happened in asia.e're now seeing the yen strengthening slightly, but that also has to do with the u.s. see thetory, as we dollar weakening against most asia,currencies in including the korean yuan. take a look at japanese stocks that were affected because of noise.thquake tokyo electric power, down 1.6%. insurers losing half a perfect, some travel stocks as well, picture across asian stocks, especially those in japan, being affected by the earthquake. >> thank you so much. later in the show, we will continue talking about the japan, warning out of post the earthquake off the coast of fukushima. we also will be talking about ore. this is bloomberg. >> welcome back. you're watching bloomberg. i'm tracy in dubai. heidi in hong kong. 2016.sing gains through spiked 6%. however, some analysts say the good times won't roll much longer. spoke to chairman hamburg earlier today and began by commodities'the different grades. >> very high-grade material, 65.8%. we've never had a problem finding a market for our pr

i mean, in fact when we talk about asia, what do we mean? different people have different views as well. when we talk about privacy laws in asia-pacific, the countries that come to mind as being at the forefront of regulations would be japan and korea and to some extent australia and new zealand. and then following that would be countries such as singapore and hong kong, taiwan and the philippines where they've got fairly new laws, some of them were put into place in 2012. singapore is a country where -- i used to be from the attorney general's chambers and -- in terms of the laws they are progressive but the fact is they implemented privacy laws for the first time in 2012. for a lot of these countries, and with these laws emanating not just because of a motivation to protect human rights, although a lot of it would be consumer rights, and i think some people would argue that. consumer rights would be to some extent human rights as well. and a lot of these laws that come into play, the last category of country, what is the challenge about th

am especially asia and emerging markets.hen you are talking about online sales, it is about the density of the population. there is a lot of population outside the u.s. i think the advantage for alibaba is they understand about the emerging markets. the data i'm looking forward to rurale percentage of areas. that havehe people never really touched online sales before. the mobile phone is an opening for them. rishaad: it has changed everything, sn't it? >> because of the day-to-day have accumulated, they can easily penetrate into other emerging markets. rishaad: this event is bigger than alibaba now. i think you did some research saying that if you don't join it , you can look forward to a 10% fall in sales through the year. yes, this has become the platform for everybody to join and leverage each other, so this is the power of it. what ibottom of it, asked people to look at is not -- which type of cloud computing system can handle this argument transactions? it is a vote of confidence as well. haidi: i am intrigued by this s

let's check in on the markets in asia. juliette: it has been a pretty mixed day here in asia. things are generally better as we head into the final couple of hours of trade. been trading near the years highest. within oil affecting the energy players. japan closing out with the nikkei off by 0.1%. we have of course the dollar weakness and the yen higher. that streak.ping it had been higher for 11 consecutive sessions. elsewhere, very strong here in hong kong. in hong kongs heading for a five-week high. upgrade, ander another -- and a number of derail players as well. -- number of the rail players. some solid moves on the shanghai composite, up 0.6%. the state own rail and road projects doing very well, up by about 10%. one of the best performers against the weaker dollar. a little bit of mixed movement coming in and southeast asian markets. this flight to safety havens we have seen in gold, we have also seen bonds in asia rise. you are seeing the yield down by six basis points, at 2.7%. also, a little bit of movement coming through in the japanese 10 year note. we are seeing t

elsewhere around asia we see quite a bit of the selling. pressure,te a bit of pressing pause on the declines we have been seeing. tracy: in the middle east, we will take a look at the stocks we have had. it is just under two hours away from the opening of the emirate market in dubai. here is what the benchmark index closed out yesterday. dubai some fireworks in stocks in particular and abu dhabi, up 2% each on their indexes. a lot of that coming through on optimism about further mergers in the industry. dow was up 2.4% almost yesterday. quite a big move here in the region. let's take a look at how the rest of the trading day shapes up. in the meantime, first word news. >> boj has announced its first operation cut, and unlimited amount of bonds at a fixed rate to rein in the fastest surge in the yields since august. they decided in september they would control the sovereign yields curve. this was the first time since changed policy come up them near 1%. day,g for a temp straight the currency trading, 14 of 16 analysts see it weakening in the

designers from southeast asia are here to show case their latest looks. they come from countries whose increasingly prosperous muslim women want clothing that blends religious requirements with cutting edge style. >> translator: it's so chic. >> translator: the designs are very modern. >> reporter: modesty is key in muslim fashion, but as the growing demand for more patterns and designs, some designers are turning to traditional japanese fabric for inspiration. singapore designer lin syrah ga is one of them. the quality and variety of japanese textiles caught her eye, and she has created a collection of turbines using kimono fabric. >> for me, yeah, i'm looking something a bit flowery kind of fabric and a bit hot fabric, because cannot find in singapore. >> reporter: kimono textiles are gaining popular in southeast asia for their colorful prints. but designers say availability of the fabric outside japan is still limited. she's in japan to show her work and seek out new materials. at a fashion event, a dressmaker, who creates modern pattern designs printe

this is "bloomberg markets: asia." rishaad: taking stock, the hong kong-shenzhen link will start after a two-year delay. china quietly raising borrowing costs, moving away from monetary stimulus. cash crisis deepens in india, but the prime minister says thing should improve. the stakes are raised in tabcorp with reports tatts a major player may enter the game. 30 minutes away from the start have atrading day, let's look at what is happening. haidi: it is all about the oil patch as we head into ministersns, oil flying to russia for talks, saudi arabia saying a supply cut may not be necessary. that has taken some wind out of the recent rally in crude. wti falling over 4% friday, extending losses. we are holding above $45 a barrel, but just. , 46t looking similar, off tilde $.67, so it is about the energy space. if we do get that supply cut announced and the details come through, markets have priced it in. if you look at where we are sitting three months out, we've come off that rally built-in after we started hearing abo

it has been a divergent market in asia. markets across asia looking mixed right now. of course we get positive momentum from wall street as vidal extended its high. high.the dow extended its overdone against certain emerging markets like malaysia. the nikkei up 1% after the young tumbled. -- the yen tumbled. highest levels since january, rising7 six consecutive sessions. we are seeing a weaker korean ofn, the cost down 1/10th 7%. new zealand is up half a percent. it is a mixed picture. we are not seeing clear direction in asia. this is all about the dollar story. this surge still seeing the dollar at a high. the highest levels since march 2013. this is putting pressure on currencies such as the japanese yen, which is tumbling down one quarter percent. not so great for the malaysian ringgit, weakening for 12 consecutive sessions. not surprising the bank has to keep the rate steady. >> premarket roundup. -- great market roundup. let's bring in senior director , joiningof sovereign us from the global ratings company. kathleenistened to wrapping up the federal reserve not