welcome to daybreak asia. haidi: asia-pacific stocks set for a modest monday. strong u.s. jobs numbers and positive comments on trade talks. president trump is optimistic on deals with china and north korea. and a warning about brexit. u.k. government says negotiations could go down to the wire. a bit of a mixed picture as we saw the s&p 500 barely making gains while the nasdaq fell 0.25%. amazon disappointing with their sales forecast. heavys pulling these tech agents down. the s&p 500 was led higher by energy companies which were the biggest winners. we saw wti get past that $55 per barrel. we had some concerns over venezuela. not to mention a more optimistic outlook given the strong u.s. jobs numbers and economic outlook for the world bit more positive. let's see how we are setting up for trading in asia. it is lunar new year's eve. we are seeing a number of markets closed already across asia and a couple doing a half day. liquidity on the ground will be the same this week. offe seeing new zealand session lows. a tepid upside when it comes to australia. watching for a k

good morning, asia, hello, world. it isa good morning, asia, hello, world. the weekend around the corner. glad you could join us for this edition of asia business report. i am this edition of asia business report. iam rico this edition of asia business report. i am rico hizon. this edition of asia business report. iam rico hizon. we this edition of asia business report. i am rico hizon. we start with australia and the report into the country's banking industry has cleaned its most high—profile scalps today. the chairman and chief executive of national australia bank resigned on thursday in the wake of the blistering rebuke earlier this week. the royal commission's final report on monday singled out ken henry and andrew thorburn for harsh criticism, saying they had not learned the lessons from past misconduct. this analyst told me how significant is that they both quit at the same time. it is a big deal. it really opens the possibility for a whole raft of lawsuits as well as further restructure by the of the industry. and then the question is who is going to

for asia?nd when asians don't aspire to live like the west but rather western societies wish they had asian stability and farsighted leadership. get ready to see the world and the future from the asian point of view. really? >> oh, absolutely. now, let's break it down by the economic or commercial issues and the political and maybe cultural issues around pride and confidence. first of all, in terms of them no longer producing for us, but us producing for them. if you look alt everything from luxury brands and cosmetics to hollywood studios, automobiles, high-tech goods electronics, sure, america is a huge market in many cases the largest consumer market in the world for these categories and top destination of sales. but ask yourself what the market examization will be of those companies, were it not for the fact they also have tremendous exports in sales in ace kra. just take the example of apple. look at what has happened to apple's valuation as a result of the reports that it has declining re

to india and south asia. 10 or 12 countries whose median age is younger than china's, whose growth rates, when you think about india itself, are higher than china's. and they are attracting foreign investment. india beat out china for fdi. and i do not want to say either or. there is a lot about china in the book, but finally a lot more about the rest of asia and it is a collective story. these economies reinforce each other, as they have since the rise of japan, then the tigers, then china. and those economies are the leading investors in the developing markets of asia, so we have to spread our eggs outside of china as well. david: one point you make is perhaps the 19th century was largely about europe, the 20th century was about north america and the united states, so the 21st century may well be about asia. "the asian century begins with asia crystallizes into a whole that is greater than the sum of its parts." with europe, we thought that happened. is that possible with asia? when you have something that

good morning, asia. hello, world. iam glad wednesday, everyone. good morning, asia. hello, world.ad you canjoin us asia. hello, world. i am glad you can join us for this edition of asia business report. i'm rico hizon. the lead story, wall street and the avoidance of us government shutdown, shares have jumped in avoidance of us government shutdown, shares havejumped in asia as avoidance of us government shutdown, shares have jumped in asia as well as the us and donald trump said a second shutdown is unlikely after lawmakers agreed to a deal. the president also suggested that a deadline for raising tariffs on chinese goods may be extended. michelle fleury has the details from new york. the mood on wall street was upbeat this tuesday. all three major us indexes gained more than 196. major us indexes gained more than 1%. there was a tentative deal to avoid another us government shutdown. that cheered investors even though the spending agreement didn't contain the $5.7 billion in funding that donald trump wanted to build a wall on the mexican border. still, markets took this as a sign

the in kind of arab mri asia -- arab emirati in asia kind of model.lan continues to be in power, and they have to find a model to make that happen. rishaad: they are not going to have any model happen unless there is a peace treaty. --that what we can expose expected later to make this a success? richard: it would make it a success in terms of the two main protagonists. warm up words about a peace treaty and warm words about additional, practical steps that can be taken. and trumpet does not have to be much for them it does not have both to makem progress. we could say nothing has changed, but in their short-term, transactional context, i think they will think, this is still ok. what they cannot do is have a third summit in a few months time somewhere else in asia and again not much will happen. by then, president trump will be pre-election process in the u.s. and they do not think his mind will be fully on north korea at that stage, even if it is now. haslinda: more stability in the korean peninsula now than before. former ceo richard fenning stays w

not so much as hsbc, just focused on asia. but it is in hsbc, just focused on asia.bc, just focused on asia. but it is in a very competitive space, and i think the question has to be how long can a modest size uk bank remain relevant in that space? thank you so much for coming in to talk us through the results from standard chartered. let's quickly show you financial markets. we are seeing a slight tail off, let's not forget that in shanghai, the markets are seeing their best day on monday since 2015, and that was all off the back of the news that president trump announced that he would delay the increase on ta riffs he would delay the increase on tariffs on chinese goods heading into the us. that was expected to come into affect on first march, and that delay brought much cheer to markets in asia, especiallyjapan and china. you can see today, maybe and china. you can see today, maybe a little bit of profit—taking going on there, and obviously a lot of questions still about the trade negotiations going on between china and the us. that is your business briefing. fami

the bulk of our calls in asia are focused more on north asia dan southeast asia. a fan of thai equities per se. i do like the stability of the baht. policy overall is moving in the right direction. haslinda: we are seeing a changing town about buying, so you the u.s. causing rates, accommodation in india and china, is that running the risk of asian central banks to stand, with greater clarity from the fed? stefan: a lot of central banks in e.m. markets have to be careful in terms of the coming -- taking on an easing tone with exception to china. it was not too long ago that there was a severe shock to emerging-market currencies, and central banks have to raise currency -- rates to defend against the currency weakness. if you step out of the region and think about europe and the bank of japan to some degree, here, the main central banks will be trying to follow the cautiousness that we have from the fed, to see what the data tells us in the next few months. david: the movement in the dollar, has been extreme. look at the yields. you would think the world is ending.

welcome to daybreak: asia. ♪ haidi: our top stories this tuesday, asia-pacific stocks set to drift withom new york after a session in europe. the dollar is steady and again is weaker. automakers in the spotlight as exporters embrace new tariffs. -- embrace -- as exporters brace for new tariffs. sophie: and that's a rising that the pboc will cut rates. the economy and inflation suggests some kind of move. let's check in with how markets are faring. the aussie dollar is little changed ahead of the rba meeting. how equityck in on markets are faring. the aussie sharemarket getting anda third day, led by tech financials. we did see weakness in the nikkei 225 after jumping more than 2% on monday. and coming through for the cost be as well. -- kospi as well. we're looking at automakers around the potential u.s. auto tariffs. honda has closed its factory in the u.k.. what production will move to japan. -- more production will move to japan. haidi: big gains in chinese equities on monday. that theysuggested are maintaining their target at this point. is there conviction behind the rally? guest:

welcome to daybreak asia. ♪ asia-pacific markets said to follow a strong u.s.ession, optimism over trade. and president trump's new tariffs flexibility. the s&p 500 saw the biggest rise this month. financials and big tech. nissan plans to draw a line under carlos ghosn, taking an $80 million charge on his accumulated pay. shery: breaking numbers out of south korea. we have the jobless rate for the month of january at 4.4%. this is much higher than expectations. also, an increase from the previous two months. stayed at 3.8%. in fact, south korea's jobless rate at the highest level since january 2010. a number of newly employed people coming in at 19,000 it th0. the economy only adding 19,000 new jobs compared to 34,000. 4.4% for the jobless rate in south korea for the month of january. we have some indication these could be bad numbers. we heard from the finance minister, talking earlier this month about how we could see weak employment numbers given we are staying, coming from a very high pace. the finance minister has warned about that numbers but 4.4%, much h

in asia itself, inflation is quite benign.s asia, there are a lot of things policymakers can do to cut rates, ease monetary policy. see reflationl policy in. asia, which will boost growth. . we see that in china. the figures would suggest there is a slowdown, but the chinese think the monetary policy level and fiscal level are starting to do things to make sure the economy state stable. nejra: you recommend china asia specifically. is that because the stimulus already implemented or that might come will be effective? >> in the asian market, if you look at valuations in asia, they are cheap. if you look at the asian market as a whole, it gives you a broad spectrum of sectors to choose from in china. it has a lot of debt, a lot of of liquidity and allows investors to access things we want to buy. health care, domestic consumption, tech sector, things that are domestically driven which perhaps you don't have and the offshore market. >> one quick question when it comes to asian and emerging-market is over the past two to three yea

plenty more to come on "daybreak asia" ahead. ♪ haidi: this is "daybreak asia."i stroud-watts in sydney. ramy: i am ramy inocencio in new york. the coffee battlefield and china has become more crowded with the arrival of tim hortons. the canadian company opens its first mainland outlet in shanghai later tuesday. it has huge presence in its domestic market but has struggled to build a loyal following overseas. it faces competition from starbucks, the duncan group -- dunkin'group and others. haidi: a committee has been formed to arrange a debt resolution for the beleaguered investment group. the group is led by the export import bank alongside and industrial bank and development bank. they missed a local bond payment last month and has been caring $34 billion of debt -- carrying $34 billion of debt. the streaming service plans to introduce its platform in india in the next few weeks. a court action escalates the long-running dispute between the two companies. warner has not offered a license for its music and says if radioy want to use indian stations to stream son

news asia coming up on the program the saudi crown prince bearing gifts in pakistan and that criticism from the west mohamed bin so many gets a royal welcome in islamabad is this a new pivot to asia for the kingdom. allegations of censorship at the berlin film festival chinese director john hume opals his film and in a d.-w. exclusive i way way says his work was blocked from selection are they being targeted by beijing censors. and a year after hosting the winter olympics young china is practically a ghost town what happens to all the empty venues when the games move on. i'm melissa chan thank you for joining the program it's good to have you with us saudi arabia has pledged to invest twenty billion dollars in cash hungry pakistan it's a boost for islam a body which faces a mounting debt crisis and tensions with neighboring india and it's a p.r. boon for saudi arabia as well after international criticism over the killing of u.s. based saudi journalist jamal khashoggi last year. pakistan needs money and saudi arabia needs friends to that end saudi crown prince mohammed bin solomon began

asia." to "daybreak haidi: asia looks set to end a limited week in decline amid growing concerns about trade. president trump seeing no meeting with china. investors already worried about europe. theresa may failed to win a breakthrough. the eurozone is slowing. and banking on change. australia's investigation into makes hismisconduct biggest catch so far. sherry: news president trump would not be meeting president xi jinping before the deadline really hitting the markets. the dow fell .9%. the only heat of sectors that were in the green on the s&p 500 -- defensive like utilities. nasdaq fell the most in more than two weeks. we have also seen downside for s&p futures, but global investors have little to go on when it comes to more momentum to carry on the 2019 brand. let's see how we are setting up for trading in asia with yes trillion markets open right now. australian markets open right now. nabi: by the time we get to , that is when we will be .atching let's look at how we are tracking so

for daybreaks it asia.ead to the open of trading in hong kong and shenzhen. stand by for china open. this is bloomberg. ♪ ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. quick 9:00 a.m. in hong kong. this is "bloomberg markets china open." >> a positive start for china stocks after a positive session in the u.s.. investors are optimistic about a trade deal. >> signs of progress. president trump has been briefed on talks so far. >> signs of stress among allies. the united states and germany -- huawei criticism.

bombers and swarms of drones to combat china and russia oriental eyes new york on nato attacks on asia with former u.s. special forces advisor. cheryl i also have reason to celebrate food some of the finest ingredients available from the no need to worry about food supplies after an important trade deal signed with the north atlantic archipelago of the faroe islands coming up in today's going underground but first while nato nation politicians told the corridors of today's munich conference how as one major nation leader attempted to begin roads into africa's biggest oil producing nation. the british prime minister the reason may as arrived in nigeria as part of a trade mission. with africa after brecht it the u.k. actually has a long tradition of interference in nigeria which elects a new leader today the u.k. was involved in the biafra war that killed up to two million people and then there is that oil company with close relations to the british government. deep ties between shell and the nigerian state began when oil was discovered in the country in one thousand nine hundred fifty s

david: you look at the benchmark in asia. session highs have been bobbing around these gains and losses. japan was down for the day. we are now up. the aussie is now coming off its bottom. here in hong kong also pushing a little bit lower. not much of a game changer, but incremental change across assets. until that march 1 deadline. perhaps signs of positivity again. let's get you to the first word news. >> we are expecting more from those trade talks. the talk economic aid will join talks in washington wednesday as the clock ticks down to the march 1 tariff deadline. president trump said he would be prepared to extend a deal if the in agreement is close, but will also ramp up tariffs if china does not agree to what the u.s. wants. president trump threatened new tariffs if talks fail on an eu d eal. the president is weighing a commerce department reports on whether auto exports are a threat to he was security. he has 90 days to act on his findings, which have not been made public. the chinese premier morning of the threat of

welcome to your business asia i want to get jones good to have you with us. german chancellor angela merkel is in the japanese capital tokyo meeting with the japanese prime minister should so in a joint press conference both stressed the importance of close trade ties in times of rising protectionism this it comes just three days after a sprawling trade pact between the e.u. and japan came into force. good friends are important especially in hard times that's why german chancellor angela merkel has been emphasizing during her visit to japan a major ally in her call for free trade but their relationship is about more than trade bintan from my years. i am in japan for the fifth time now but we've met seventeen times already. and we've always worked well together even at international conferences.

welcome to this monday edition of asia business report, i am sharajit leyl asia business report, i amleyl. later today, the leaders of the world's third and fourth biggest economies, japan and germany, are set to talk trade politics and business and doing fashion during her 2— day visit to tokyo, angela merkel is expected to meet prime minister shinzo abe and the emperor as well is that crown prince macro way —— naruhito which comes just days after a trade deal between japan and the european union came into effect. actually, angela merkel comes with two hats to japan... apologies, we seem to have some trouble bringing you that interview and will try to get it to you in a little bit. meanwhile, the future of sears will be decided in a new york ba n kru ptcy sears will be decided in a new york bankruptcy court later today. the chain has been called and says of the changing retail landscape as more people shop on line. many sears stores have already closed and the company is facing the prospect of liquidation. formerworkers company is facing the prospect of liquidation. former workers ar

hello, welcome to asia business report.th the company at the centre of the us— china trade war, and that is huawei. in an exclusive interview with the bbc, the founder and ceo of the chinese telecoms giant was defiant, saying pressure from washington will only make it stronger. our asia business correspondent spoke to huawei's famously reclusive founder. this is where he built huawei from the ground up 30 years ago. he turned the company that started with three people in $2500 into the world's largest telecoms equipment maker today. it sells more phones than apple, but now this company is under attack, or that is how he sees it by the united states, who is pressuring its allies not to use a huawei's equipment because the us said that this equipment could be used by china for spying. now he was vehement, repeatedly saying this would not happen, and that his company could not be used to spy on its customers and competitors, but he was also defiant, saying the us could not keep huawei down. have a listen to what he had to say.

start for equity markets today from asia to europe stocks are up after u.s. president dollars trump says he was postponing a new round of tariffs on china scheduled for march the first us investors increasingly confident that a comprehensive trade deal between the world's two biggest economies could now be within reach. the shanghai composite closed up five point six percent marking its best day in almost four years shares in china have gained over twenty percent for the year now officially trading in a bull market that after u.s. president trump said he would postpone a march first deadline for terrify continues imports he says recent trade talks are going well. it's really been terrific i tell you the whole relationship has been outstanding we've put ourselves into a position of strength for the first time in about. thirty five years or probably a lot more than.

hello, welcome to asia business report. it is a race against the clock in washington, just one week to go to the deadline when donald trump said he would ratchet up tariffs on $250 billion worth of chinese goods, and those top officials from the world's two biggest economies have been trying to hammer out a deal today. i spoke earlier with robin brandt in shanghai, andi earlier with robin brandt in shanghai, and i started by asking robin whether the chinese delegation is optimistic they can strike an agreement? i think the truth is it is hard to tell. the official line from the government in beijing yesterday but they have no information on rumours of the six memoranda of understanding the two sides are preparing to sign. but i think we can look at two things as pointers that the chinese think they are optimistic. they think they can get a deal that will suit them, which is about buying stuff as opposed to a deal that is about changing stuff. china's lead negotiator is due to meet donald trump again in washington, dc on fri

national intelligence advisor about why they do nation media seeks to discredit asia and will britain really just beating swiss cheese and pharaoh island fish after breakfast day on march twenty ninth all this about coming up about to have going underground. simply being the lead concert that philip had ten miles from the to the independent that's when the tears and i fainted in. the council as a percent that i went up at a sauna when you mean they. they let him get me or now we're. now at the five day because hell i got money for that never. see let him make me forget me for the on the metro have gave up they got me as. much as gone into a nihilistic fever. and get out the traveling across america to find what makes america. the genius of this place especially american hero this is a point. we always. were starting last with. will begin to head east into the swamp we're going into the belly of the i think i want to leave now doesn't anymore. it may be completely different but in this. the united states does that all the time it always tries to influence elections when people who are

more ahead on daybreak asia. this is bloomberg. ♪ shery: this is daybreak asia.i stroud-watts in sydney. a quick check of the latest business flash headlines. quitting the baltic states and russia after being kicked out of estonia from money laundering. authorities giving them eight months to return deposits to customers and then sale or transfer loans to other banks. it has admitted much of the $230 billion that was passed through the estonia unit was tainted and facing several investigations, including in the u.s. shery: alibaba has picked up more shares in cicc, spending about $230 million to raise a stake from 5% to almost 12%. cicc was once dubbed china's goldman sachs, the biggest state-run firm to market. it was part owned by morgan stanley until 2010 and shares were lifted in hong kong five years later. haidi: watching macau casino stocks later on as resorts have better results. peers also rose in the session. the best-performing stock among the six macau operators this year. up more than 30% in new york this year, while bloomberg intelligence macau gamin

this is d w news asia coming up on the program the saudi crown prince and his delicate diplomacy in asia keep brings his charm offensive to china but remain silent when it comes to beijing's treatment of its muslim minority are we seeing way out politic over human rights plus. anger in okinawa over plans to relocate a u.s. military base residents have their say this weekend in a referendum but will the government listen to the will of the people. and the vietnamese artist paints for peace head of the second summit between donald trump and kim jumped on. i'm melissa chana thank you for joining the program great to have you with us saudi crown prince mohamed have been solomon has been on an asia trip all week it's seen as a diplomatic pivot away from the prince to prove that life goes on even after western countries started shunning him following the murder of writer jamal khashoggi last year his first stop had been to pakistan a country saudi arabia has a close relationship with and where he pledged she invest almost eighteen billion euros he visited india next where he announced his coun

that's it from david asia.ontinues as we had to hong kong, shanghai, and shenzhen. ♪ >> it is 9:00 a.m. in beijing, shanghai and singapore. welcome to," i'm tom mackenzie. >> were counting down the trade in hong kong. >> i'm david ingle. here are today's top stories. paris on hold, the talks have been productive and the delaying of the additional duties that will be due on friday. yvonne: the growing optimism is giving stocks a lift at the start of the week. the yen and the aussie are both stronger today. deleveraging dead? the indication suggests chinese policymakers have reached their threshold on the economic pain. ♪

good morning asia, hello world. it isa good morning asia, hello world.lad you could join us is a thursday, glad you could join us for another exciting addition of asia business report, and rico hizon. we start off with developments in south asia and many carriers agree about in flights and thai airways has taken the decision to cancel all of its journeys to europe. this comes as the airspace has been closed as the kashmir crisis intensified. india has demanded the release of a fighter pilot shot down by pakistani warplanes. it came after india struck what it says was a terrorist training camp in retaliation for a suicide bombing which killed 14 indian troops in kashmir. earlier, i spoke to an economist in london who says neither country can afford for the crisis to escalate. my view is it is not going to continue to escalate. i think all heads will prevail, you have already seen prime minister imran khan asking the un to help mediate, and india turning to the us, uk, china and france. —— cooler. indeed, both countries do not want this to escalate because

asia." me to "daybreak >> our top stories this friday -- optimism rises of a trade talks in washington. china is offering to buy more u.s. food as the site edge towards a deal. says theovernor economy may be softer than thought and ford is the latest automaker to find testing problems but says it is not related to speed devices. >> let's get a check of the market close on thursdays session. with the dow falling .4% and the s&p 500 also down by as much after gaining for three consecutive sessions, but this coming on the back of a significant rally this year. this is only the fourth time this month the s&p 500 has declined. we saw energy and health care stocks leading the declines in to today's session. the nasdaq also fell, but again, after the longest winning streak since august of last year. eight sessions of gains. s&p futures unchanged at the moment. sentimenthow risk looks in asia. >> we are seeing a cautious start to session. qe stocks have sloan. -- slowed. we do have some stocks on th

good morning, asia. hello, world. welcome to this tuesday edition of asia business report.o hizon. with china celebrating this festive season from today, the world's second—biggest economy has virtually ground to a halt as hundreds of millions of people travel home for the holidays. this is of course a temporary blip, but the country is dealing with sluggish growth rate not seen in almost three decades. beijing unveiled the year to prevent deeper slowdown, there are doubts about how effective stimulus will be at who will benefit most from it. robin brant reports from shanghai. this is where china's leaders think the answer to a slowing economy lies. perched by the river that bisects shanghai, the banks. they are the key to what the government hopes can be a soft landing. president xijinping has hopes can be a soft landing. president xi jinping has described china's slowdown as a struggle. so to strive for victory there are a slew of new measures. a series of tax cuts to put more money in pockets. a splurge of infrastructure spending, more than $300 billion this year. and cu

lynch director for asia fx.trategist. how important is to give this deal done, to get this choose out of the way and perhaps have some clarity here? >> yeah, hi. get definitely they do something by the end of this month, it will be positive for asian assets in particular. we will see some sort of relief happening on the back of it, even though a lot of it has been priced in. i can definitely sea breeze -- see a relief rally. >> it's certainly been lifted by this news. do you think these currencies are maybe trading on the stronger side? just looking at how weak these respective economies are this point in time? >> yeah, that is a very good question. no doubt in the last couple of weeks we have seen cny trading stoller get -- stronger against the dollar. that continues to appreciate and now it seems to be touching at 95 levels. a me, at this point of time, lot of optimism is priced in. simply because again economies a continue tot face downward pressure, i do think central banks in this region will tend to lean a

welcome to "daybreak asia." haidi: our top stories this tuesday, markets look set for a muted start in a week that has been pivotal for global growth. treasuries fall. trade talks resume in beijing with cautious optimism of a deal. china may offer enough to put me tariffs on hold. an online storm is building about recent investments from tencent. to sophie straight kamaruddin in hong kong for a check on the markets in asia. investors have a lot to digest this morning. sophie: that is the case. checking in on the yen, we have it holding losses, trading near the year-to-date low after the dollar's resurgent strength. japanese markets return to the fray after the long weekend. let's switch out the board to check out the open in tokyo. the nikkei 225 adding .6% after losing 2.2% last week. we are seeing some slight upside for the kospi as well. could be looking to add .1%, extending the gain we saw on monday. aussie shares, we have seen them fluctuating throughout the morning. adding .2% after a two-day decline. if

plenty more to come on daybreak asia. this is bloomberg. ♪ asia.♪ shery: a look at stories trending across the bloomberg universe. profits are not falling, despite rising security concerns around the world. read stories on the terminal, goldman sachs says exposure to the global sump has intensified, though it would take a major pullback to potentially tip america into recession. tictoc, women in japan want to ditch the tradition of giving chocolates to their male coworkers on valentine's day. check out those stories online or on the terminal. haidi: equal opportunity for chocolates, i say. let's get a check of the visit -- business headlines. caterpillar slowed his seventh straight month. the january shipment to the asia-pacific fell 7%, marking the first contraction in the region since the middle of 2016. underscoring the outlook for the global economy. caterpillar is warning of modest revenue growth in the coming months. its biggest share selloff in seven years. in india media report says the jet airways rescue plan faces delays, regulatory hurdl

welcome to "daybreak asia."p stories this tuesday, markets look set for a muted start in a week that has been pivotal for global growth. treasuries fall. trade talks resume in beijing with cautious optimism of a deal. china may offer enough to put me tariffs on hold. shery:

national intelligence of miser about why they tunisian media seeks to discredit asia and will britain really just beating swiss cheese and pharaoh island fish after breakfast day on march twenty ninth all this of all coming up but you have going underground. in twenty forty you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know lawyer here i mean you know alice put me in the new bill is that i knew pulling you to the former ukrainian president recalls the events of twenty fourteen. those who took. part in this to do over five billion dollars to assist ukraine in these another call that will ensure a secure and prosperous and democratic. you know world a big part of the law and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bad shouting past each other it's time for critical thinking. it's time to fight for the middle for the tr

asia emerging asia -- tell us about your read through. kwak's markets wanted this to happen last year. 2018. priced it accordingly. china was one of the worst performing equity markets. it was looking for expectations of earnings. looking int before the future. bad news, bad economic news, good news because it means policymakers have only one conclusion. what we no discussion should do. a floor to growth. more policy support, a positive thing for asia. neededs needed but they a more hawkish fed. markets had expected it and they got what they wanted. kwak's it going to get worse? we moved out of that. are we moving back into that? you look at pmi, it is worse in january. even the state owned a data, the pace was less. data, look at the import the three-month moving average, the deceleration is accelerating. what does that mean? it is filtering through not just the external sectors, consumption. consumption is an anchor. it is sticky. they need a floor. happens when consumer confidence falters. >> you are not concerned despite seven straigh

now on bbc news live to singapore for asia business report. trump and kim jong—un are set to meet in hanoi and we learn what they can learn from vietnam's. and high—end focus. we find out why camera maker leica remains the zoomed in on the luxury market. hello everyone and welcome to asia business report, i am rico hizon. the leaders of the us and north korea are set to meet in vietnam's later today in this, their second nuclear summit. donald trump is likely to highlight the opportunities of opening up the north korean economy to international investors and at the same time, kimjong—un international investors and at the same time, kim jong—un will be taking a close look around him. it's transformed itself since the end of the bear no more. when the vietnam war ended in 1975, the economy was in tatters but today, it is one of asia's fastest growing economies. check out how it's grown over the last three decades. its 2000, the economy has expanded at an average pace of 6.6% and what kim jong—un expanded at an average pace of 6.6% and what kimjo

asia."es this wednesday, modest gains forecast for the open in asia. investors weighing the geopolitical drama, jay powell testimony, and hope for trade. asrling rose to a high theresa may lets parliament decide on brexit and a dojo divorce. you're counting down to the -- no deal divorce. we're counting down to the summit. let's get straight to the market action. sophie kamaruddin in hong kong. we have the yen up on the board here retreating for the 1.11 handle as investors wait for fresh catalyst. flipping the board for the open, the nikkei 225 adding .2%, resuming gains after we saw a decline for the nikkei 225 on tuesday, and we have the kospi ,lso opening higher, up .2% again resuming gains. we are seeing a little bit over sentiment picking up. shares in sydney are gaining ground, up .2%. .esuming the advance the sense here is that despite we haveent resurgence seen in stocks over the past quarter, some investors are not buying it. they are not finding any good reason to trust it. invest

good morning, asia. hello, world. welcome to this friday edition of asia business report. i'm rico hizon. we start off with washington, dc and the white house says president trump will sign the government funding bill, meaning a second shutdown has been avoided, but he will also declare a national emergency to get money for the wall he wants to build along the mexican border. a market strategist has said it is a relief for investors. the market is seeing this ina for investors. the market is seeing this in a very positive manner, avoiding the government shutdown, which we know is estimated at taking about .2% off the gdp as we head through these few weeks, so that is seen as through these few weeks, so that is seen as a through these few weeks, so that is seen as a positive, the fact that he may announce a national emergency, i think on that hand it does create a little of this political noise that we might anticipate, but in terms of whether it comes truth remains to be seen, given the legal hurdle that is expected. right now the markets sighing relief. meanwhile trade re

elsewhere, it is mixed in asia. we had disappointing numbers out of china, which has weighed into weakness. hong kong stocks tracking lower. china up by 1% despite disappointing data. let's look at the stocks we are watching, indian stocks in focus. jet airways on a tear today. it is getting close to the agreement with -- this is a solution, the bailout plan. we have seen the revenue for the 2016 inme since july hong kong under pressure. australian private health operator, the board recommending a $4 billion bid. they could increase their bid. investors are liking that. you so much. looking at global equities, heading for their best month. u.s. futures are not interesting looking. lower afteres amazon drops after hours. the 10 year yield as we look ahead to jobs data. talks.set up for trade saying we could see a rate cut from china as soon as today. that might come as a surprise to many. y are looking at a weaker uan. hours from cash trading in europe. fourth-quarter net outflows coming out at 7 billion euros. those

looking higher here today and we have asia following suit. perhaps, we have reached the bottom with goldman sachs coming out. here risking appetite,. interesting to see. fx, we arees to asia going to be stronger here today, we will see a stronger fix play out for your onshore at the moment. the one -- the yuan slightly higher. 3000 level, which if you take a look here, the red lines in the purple, these are the retracement lines and we are starting to get close and match the 3000 level. we will see if we break about that. strategists are saying if we do, we could see more inflow into the market and some people say there is some momentum behind this because the selling we saw was too aggressive. thething he is watching is valuations. ofhave seen a lot strategists say it is cheap. lookingnow things are less expensive. this andke a look at it ise it, that spread basically narrowing, so the china discount is not looking as cheap as before. it?t is going crazy, isn't how do you read like this? should you chase it? >> animal spirits have definitely

monica miller is watching this story for us from our asia business hub in singapore.nderstatement, the indications could be massive it down like that escalates and eve ryo ne down like that escalates and everyone is waiting to see if it is resolved goes the other way. absolutely, this deadline to strike a deal is 23 days away and as many people are anxious, the united nations as you mentioned, the conference of trade and development says the applications for the entire international trading system with the massive but they particularly pointed to the pipeline from many companies at this continues, here in asia, especially east asia, projecting a contraction of $160 billion, it will be hit the hardest. president trump has said this tactic in particular to make america great again, the un report disagrees, and found the us firms he thinks will get more business will pick up about 6% of the $250 billion in chinese exports subject to us tariffs. the study found european exports will grow by $70 billion. monica, thank you. sorry! sorry! iwas told it was ben andi you. sorry

lots more to come on "daybreak asia." bloomberg. ♪ >> elon musk is delivering his promised cheaper model three, but he is also warning tesla may not be profitable this quarter as he had predicted. let's bring in our detroit bureau chief. great to have you back. what does this mean for tesla? this is an announcement we have threeaiting for the past years. >> if you are a car buyer, this is great news. shareholder, it may not be too good because in after-hours trading, shares were down. not givingey are great demand for cars the cost of $2000. they have also reduced the prices on the model s and model x. we are getting past the people who really wanted it, the people obsessed with tesla, and getting more into the mainstream car market. that is where you have to play a little harder to get sales and they have to reduce prices and as doing it at the same time the tax credits they get have been cut in half. it kind of looks like they are fighting hard for sales and tesla has not exactly been a leading manufacturing company, so

this is 2018 was a year of major public summitry in asia. if you leave out united states for a second and look at the symmetry around asia it's been a fruitful year and a busy year, at least. some may think we've come to conclusions about what they look like in the year ahead, but we've certainly had a lot of people trying to shape them and i think that's an important piece of the puzzle. our relationship with both russia and china, as you know, has been defined in our national defense strategy and our national security strategy. we now see rausussia and china revisionist power and it is the framing of those relations going forward. the conflict with beijing has heated up and it not only has the strategic dimension, and obviously an economic dimension that when you read the press in beijing, it sounds to me like many people in china think they are two sides of the same coin and in other words, strategic competition is military and economic. i'm not sure that that's correct, but i'm looking forward to hearing others' comments about that later