and those are southeast asia. and then surrounded by great big colors unlike us but is not one of the world's great powers. it has japan, russia, india and those on the borders of north korea and russia and pakistan but and as you very well expressed it has a tendency to show chauvinism to be much better advised in the way it deals with these countries. >> you have four options and with that competitive going exist - - existence into those distinct choices plan to see elements of all of those. i'm interested in your comments. and indonesia has to be looked at as the most important country and i'm interested on your reflection with indonesia and thailand are the two countries in which military evil in the political process has been a major factor in their political development. and in dealing with these countries talking to the military you have a different attitude in terms of their willingness to be aligned as compared to leadership. to make serious policy misjudgments. and then to establish a closer relationship

countries like us over two centuries have important interest in east asia and southeast asia and the chinese recognize that the they don't like it. they would be happy to see us have a weekend presence in the region and with the association and southeast asia because they are european union and the only two organizations in the world formed independently by members not under the external power to collectively express their interest and china does a like that. which is much larger editing but the solidarity of the asean countries has been sufficient to force china to do on some issues. and the second point i would make to emphasize how important it is the not just in a military sense. and here we should be able to understand this because the central american countries used to be banana republics did not like being dominated by the american economy or under the thumb of the united fruit company and the southeast asians all have more trade with china now than they have in the united states, but they are afraid to become too dependent on china with the chinese investment in the region an

it's about the united states and southeast asia as much as it is about china and southeast asia and, of course, about the interactions between these two major powers. third sort of caveat is also to note, this is not just a study of contemporary affairs if you're going to go out and buy this book. be forewarned there's a lot of history. it's not a 2020 or 2021 sort of study. it has two full chapters and half of two other chapters that deal with the pre-21st-century event. in the case of the united states this goes back to the first american council who was sent to the dutch east indies in 1802 and the first treaties the united states side with the king of siam in 1833 and proceeds to the america becoming the pacific imperial, in the case of a philippines clone of power following the spanish-american war. and proceeds through the naval and commercial expansion of the united states in southeast asia in the early 20th century through the cycle of war and the pacific and asian mainland, and the entire cold war not least of which was american war in vietnam. so there's a lot about the uni

world war ii was fought in both europe and asia. when it ended, we found ourselves with continued responsibility for the defensive freedom. our objective is the independence of south vietnam. and it's freedom from attack. we want nothing for ourselves. only that the people of south vietnam be allowed to guide their own country in their own way. we will do everything necessary to reach that objective and we will do only what is absolutely necessary. in recent months, attacks on south vietnam where stepped up. thus it became necessary for us to increase our response and to make attacks by air. this is not a change of purpose. it is a change in what we believe that purpose requires. we do this in order to slow down aggression. we do this to increase the confidence of the brave people of south vietnam was basically fought this battle for so many years with so many casualties we do this to convince the leaders of north vietnam and all who seek to share their conquest of a very simple fact. we will not be defeated. we will not grow tired,

over this war and all asia is another reality. a deepening shadow of communist china, the rulers in hanoi are urged on by pequing. this is a regime which has destroyed freedom in tibet, which has attacked india and has been condemned by the united nations for aggression in korea. it is a nation which is helping the forces of violence and almost every continent. the contest in vietnam is part of a wider pattern of aggressive purposes. why are these realities our concern? why are we in south vietnam? we are there because we have a promise to keep. since 1954, every american president has offered support to the people of south vietnam. we have helped to build, and we have helped to defend. thus, over many years, we have made a national pledge to help south vietnam defend its independence. and i intend to keep that promise. [ applause ] to dishonor that pledge, to abandon this small and brave nation to its enemies, and to the terror that must follow would be an unforgiveable wrong. we're also there to strengthen world order around the

allies in asia. and our monitor of the top story here we're following for you joe biden is regaining the 1st full day of his presidency he signed executive orders to rejoin the paris climate accord and the road health organization and his also unveiling a new national strategy to fight the corona virus pandemic. through a strategy will take you through news asia after a very short break i want to leave you now with some images of the biden harrison argue aeration ceremony in washington don't forget you can always get the latest news sabai heading to our web site that's did have a dot com and you can follow us on twitter and instagram and d.-w. news. he said. good. good. good. good. good. good. she helps the way she can. be a colleague of us supports belorussian activists who want to flee the country. their destination is neighboring lithuania. where they hope for a safe future far away from police violence and state oppression. focused on her. in 60 minutes on d w. what secrets lie behind these walls

well china he sees that is long term rightful place in asia is to be a leader all asia china would like itself to be perceived in asia as the benevolent big brother and the other asian countries simply running around to support china and view of a community under their leadership all china now that may not be the way how a lot of the country says oh he's asia or india japan may see it but that's how the chinese government would like it to be seen as reluctant to see more confrontation between the u.s. and china or between a form different to see not of the trumpet ministration are there any areas of cooperation between the 2 countries. well there are areas read that 2 countries can easily cooperate for example on the issue of climate change by the administration it is the verse in completely is that coach one of these contests for the trauma ministrations and therefore we should be quite a happy to cooperate with the chinese to move things forward that's not a serious sum game but it 2 countries will get chinese government cooperate with it by biden initiation on. climate change that re

asia may come in second behind the india subcontinent in the the number of new poor in asia.ring in ramesh sub ramaniam. good to have you with us. why is this looking so gloomy for southeast asia? ramesh: haslinda, the income losses have been quite severe in southeast asia. this is because if you look at what the region has received prior to the pandemic, it has been very aggressive. policy went to single digits before the pandemic but that will be because of the impacts of covid-19. job losses globally are quite serious. we're looking at millions of jobs being lost. 250 million full-time jobs that have been lost. the region will account for 70% of those job losses. particularly in southeast asia, our estimates show 15 million full-time jobs may be lost. that translates into income losses and more poverty, lots more people slipping into poverty. haslinda: we just saw the indonesian president getting a shot of the vaccine. so much hope is pinned on the vaccine but some plans have been derailed. how concerned are you we could see a prolonged recession, a worse outlook for unemp

we are counting down asia's asia market opens. kathleen: welcome to "bloomberg daybreak: asia." u.s. braces for the end of the trump area -- europe with their years in place. and thousands of troops in washington. awaiting the inauguration, strong data from china amid joe biden's pandemic a plan. beijing-washington tensions rise over will have virus claims and relations with taiwan. we are joined by the former australian prime minister kevin rudd. and the road ahead for samsung. a corruption case has shed new light on big business in south korea. haidi: first let's take a look at how asian markets are faring with the city moment taking place now. sophie: the start of trade, asx 200 higher. real production update. bingo industries in view jumping 20%, rising to a fresh record this after a kalama it made a bid for the waste management company, valuing the company at $1.8 billion. in australia earnings are picking up. morgan's down late cycle is underway forecasting 20% profit growth over the next 12 months for aussie companies. four japan outlook is up for japanese earnings after

across asia.lle, it does seem like factories in asia help support the economy in 2020. what might we expect in the early part of 2021? >> that's right. that was a big theme across the board for the big trade engines of asia helping globe at -- global trade and spring activity across the global economy. the big question for asian factories in early 2021, is how weekly vaccines can be rolled out and distributive -- distributive. that will get more knock on effect in economic activity throughout the region and manufacturing. the chinese new year holiday always wreaks havoc on data around this time of year, so we may see bumps in the data in the months ahead. with things like the ongoing 5g rollout of a demand for semiconductors, we should see continued gains, especially in the tech heavy north asia economies, i'm taking south korea and taiwan, already shown to be strong. those are good bellwethers for global trade, a good sign for the global economy. otherwise across southeast asia we saw slow but sp

and yet, we have enthusiasm for china and india and asia and brazil.y are large, populous countries. we now have 20 years of experience. our focus is on more durable sectors. warehouses, that kind of thing. shery: -- haidi: in 2021, how do you define opportunity? gary: value is interesting because the asia team got together today to talk about values and the logistic property sector. there is still opportunity to be a builder and developer. so there is a premium, in other words, being paid. and the demand continues to be very strong, particularly for e-commerce and consumer related businesses. data centers, they have a shortage throughout asia starting in china. shery: you can get a roundup of the stories you need to know. available on the mobile app in the bloomberg anywhere at. you can customize your settings so you only get the news on the industries in the assets that you care about. this is bloomberg. ♪ shery: markets are digesting the latest executive order coming from the white house on chinese apps. lost, some ground consumer staples leading th

and across other geographies in asia.e students from colleges locally in those geographies. for example, we work through about 2000 college graduates outside india in the past 12 months. 15,000 college graduates within india in the past 12 months. both of those numbers will be higher for the next 12 months. this localization of digital centers, in europe, in the u.s., that helps us build a more resilient approach to the future which can work with different policies and scenarios. that's as new policies emerge. we have building blocks which can work in multiple scenarios. ♪ david: that was the infosys ceo talking about the outlook for the company and the economy. something to tell you about something happening in australia as pertains to the previous conversation that we had with su keenan. have a look at this. gamestop is prompting substantial buying into many of the most shorted stocks listed in australia. gme resource being one of the 19%. it's clearly not a normal day, whether or not that will pay out. we will see what

across asia, pretty mixed.nt the stimulus package from biden. $1.9 trillion worth. the sensex in positive territory. the level we are looking at is -- up next, why wall street is fuming at an 11th hour rule. keep it here with us. this is bloomberg. ♪ rishaad: back with bloomberg markets as we have a look at the latest headlines. singapore airlines debut dollar bonds rose in their first day of trading. sia i a raising half $1 billion from the offerings as it looks to build cash buffers during the pandemic. a spread of 260 basis points at attracted almost three billion dollars worth of orders. they planned restructuring of air asia x is gaining the support of plain leasing companies as it looks to stay in the air after the pandemic. 15 of the 20 leases say they do not want air asia to be liquidated. that is coming from a court document summative by the airline itself. airbus and bnp paribas among those supporting the rescue plan. haslinda: banks are in the spotlight in these final days of the trumpet administrati

we are counting down to asia's major market open. shery: welcome to daybreak asia. asia looks set for a cautious start as investors away the fed's first meeting of the year and balance earnings against the worsening pandemic. the biden administration tightens entry curbs on travelers from the u.k., europe and brazil as u.s. virus cases hit 25 million. globally, almost 100 million are infected. xi jinping prepares to give the keynote speech at a virtual world economic forum in davos. haidi: this is what we are looking at when it comes to the start of trading in sydney. strength when it comes to the aussie dollar shared we have the potential for removing some of these travel restrictions between new south wales and the rest of australia. a 10th of 1%. new zealand, downside, 3/10 of 1%. we do not have settlement because of the public holiday. looking ahead to the start of trading in japan, positive when it comes to nikkei futures. we do see the s&p 500 stocks falling from a record high. futures looking mildly positive. shery: let's kick things off with the u.s. -- with

i think that puts asia, particularly asia-pacific, in an excellent position.ok back -- emerging asia, excluding japan, has been contributing more than 60% of global growth over the past decade. this is something which i think is likely to continue going forward, even if advanced economies are said to recover. -- are set to recover. the key contribution will continue. francine: how are you expecting the u.s. president, joe biden, to do with china, and does that change the environment for business? jose: i think that once -- one should expect a lot of continuity in a sense in the u.s.-china relations. the rivalry will continue, but the form in which this rivalry will be administered will be different. with more of a multilateral still approach and a more predictable approach on the part of the united states, and i think that is going to bring more stability to the relationship. the united states under biden is not going to get easier on china, but i think it is going to try to bring china to the table, together with u.s. allies, to discuss things which are very

kathleen: welcome to "daybreak: asia."ur top stories this hour -- new year, new highs, stocks entering 2021 at records. whilellar is drifting sterling weakens on lockdown fears. the top u.s. disease experts say vaccinations are getting back on track as president trump questions the numbers. japan will lay out new measures but no state of emergency in tokyo. and more potential changes on wall street. china's energy measures the latest to face being shown the agrees to expel telecom companies this week. haidi: we are getting an alert when it comes to australia's health crisis. we are seeing the price index rising 1/10 of 1% month on month. there has been some concern when it comes to the property market, as we have the record low interest rates. monetary policy stimulus continuing to fuel the sprint we have seen, particular in capital cities. the recovery taking place from as early part of last year we saw the dip toward the middle of the year, rising just shy of 1% month on month. looking at this first trading day in the as

some pressure, especially in southeast asia.s been really under pressure for the most part. malaysia the sole bright spot. also coming up on bloomberg television, stay tuned for a lot more insights in the year ahead. leaders and finance including blackrock, ppg, interviews coming up later today. that is it from us. daybreak middle east is coming up next. thank you for joining us. see you tomorrow. this is bloomberg. ♪ >> this is

tracy alloway, bloomberg's asia executive editor. from one market story, let's look at another and bring in the editor of our markets blog. what have you guys been talking about today? i am looking at certain angles of the market story. there are a couple china money market rates, you look at the dollar may be turning, what is in mind for you guys? >> we have been talking about your post earlier in the day about the china rate hike. it was very interesting to everybody. i think it is time we took this pretty seriously, this increase in money market rates in china does not look as though it is an accident and if we look at previous episodes when rates have gone up and have not been counted by the central bank, it is -- it is a pretty important factor across asset classes. i was just looking at what has happened to china stock market ring periods when the pboc has allowed short interest rate to go higher. one of the significant times was in 2009 as the world started to stabilize after the great financial crisis. we saw stockmarkets ini

we are counting down to asia's major market opens. shery: welcome to "daybreak: asia." investors await the latest economic update from china. the dollar is steady in order -- in early trading. the japanese prime minister prepares for his first parliamentary address of 2021. falling poll numbers prompt predictions that suga may be a short-term leader. security of the u.s. ahead of joe biden's inauguration. he is ready for immediate action on the pandemic and u.s. economy. australia coming online. let's get straight to the action with sophie kamaruddin and hong kong. sophie: aussie shares opening to the downside. a third weekly loss in four. we are seeing names like bhp and bluescope weighing on the index. we are keeping an ion woodside this morning. this is the energy player. expands its long-term lng supply agreement and announced it is to collaborate on a carbon neutral lng plan. the yen just holding steady, going into a week that brings us the boj decision and long-term plans from japan. on thursday, prime minister suga is to deliver a speech at the opening of the new

welcome to daybreak asia. markets welcome joe biden with asia extending gains. investors are betting his relief policies will boost corporate earnings. haidi: the president signed executive actions on day one. is daunting to do list includes the coronavirus, the weakening economy, and worsening ties with beijing. shery: china grades joe biden with sanctions. beijing slams president trump and mike pompeo, describing their recent actions as crazy. let's see how asian markets are shaping up. sophie kamaruddin? sophie: after the asx 200 rose to an 11 month high, gains extended by 0.2 point -- 0.25%. it was trimmed at goldman and macquarie. ahead of the boj decision, nikkei futures opening to the downside. the yen is trading at a two week high. little change to the downside after u.s. stocks rose to a record as biden became u.s. president. crude below a dollar a barrel. jp morgan reducing demand for china. flipping the page, optimism does remain. em companies are seen outperforming the global recovery this year. profits for em's rising 28%, given the lift in commodit

haidi: asia's major market opens. kathleen: welcome to "daybreak: asia." impeachment proceedings move forward against president trump as he says there is zero risk of the 25th amendment being used to remove him. we have the very latest from washington. there are fear some vaccines may not be effective enough to halt the pandemic. more japanese prefectures call for a state of emergency. we hear from the world bank this hour. plus toyota and honda cut vehicle output amid a shortage of auto memory chips. producers struggle to satisfy rising demand for consumer-electronics customers. haidi: we do have some breaking news when it comes to korean jobs numbers, the number coming in as a disappointment. 4.6%, taking up and worse than the 4.1% expected in december. we had expected, given that we had social distancing restrictions being planned in the month as well as more of the virus impacts playing out would impact the labor market. unemployment taking up to 4.6%. it will be interesting to see the breakdown when it comes to youth unemployment as well, given the ve

let's check on the markets in asia now. >> it is a busy weekend we are seeing increase in asia with the msci asia-pacific index lower for a second session, but we are off the earlier lows of the day. a gdp beat from china leading markets in hong kong and china. the csi 300 on a lunch break up 0.8% having its first gain in four sessions. continued weakness in south korean stocks which hit records a couple weeks ago. selling out of a number of korean equities today. goldman seeing movement in korean and taiwan shares. chipmakers taking a hit on this news the trump administration will restrict licenses to several huawei suppliers. the u.k. under pressure. dollar strength story, we have more weakness coming through in the aussie and the yuan, now down 0.1% against the greenback. onshore still pretty steady. yousef: we will touch base later on. let's check the first word headlines. global coronavirus cases are approaching $95 million. brazil has granted emergency approval for the sinovac vaccine. the u.k. says it is considering all possible measures to rein in covid-19. israel is said to beg

asia index looking like this. mulling janet yellen's comments suggesting the biden presidency may continue some of trump's hard-line china policy. no weak dollar policy, she says. can stocks rally? some say funds flooding the stock market add pressure on bonds. this is bloomberg. ♪ haslinda: it's almost 11:00 a.m. to -- in singapore in shanghai. welcome. rishaad: our top stories, the trump white house is coming to an end. the president, wishing his successor lock and his secretary of state accusing china of genocide. haslinda: janet yellen meets resistance to joe biden's relief plan as she says it is time to act. she rules out a weak dollar policy to gain advantage. rishaad: hong kong stocks leading asia up although there is weakness in tokyo. the hang seng within sight of 30,000 within -- for the first time in 18 months. haslinda: tesla confirms its commitments to india with a landmark launch as promised. what may be a bumpy road ahead. rishaad: news breaking, this is after mike pompeo, the outgoing secretary of

you know, where the risks and stresses within asia. so does it feel that it needs to act now because it cannot act in 10 years the way that it wants? we saw that in japan in the 1930's and felt it needed to act then as opposed to wait because time was not on its side and i think that there's an odd combination of beijing of feeling so much stronger than anyone else around it, you know, given where it's come in the past, now, the past two decades or so. but at the same time not knowing if in two decades hence it will act. some of these are historical, right? 20 indian soldiers being killed in a clash with the chinese just over the past couple of days. these are border disputes, back from the 19th century. so, they're played out in a modern, in a modern setting, but they certainly didn't develop just because suddenly china's strong. these go back for centuries t goes back to the ching dynasty over 50 years, nearly 60 was the border war between china and india. that's 60 years ago. think if japanese and the united states were still fighti

the asia pac index up by 1.1%.estors focusing on democrats taking control of the senate and that reflation trade. u.s. futures pointing to a higher open. the global bonds selloff. 10-year comfortably above 1% for the first time since march. the dollar mostly lower. the hang seng and focused. tencent, people familiar say the u.s. considering adding them to list of companies of which americans are prohibited from investing. rish? rishaad: getting to the -- [indiscernible] for the stock exchange of thailand up 1.1%. a steady picture for the thai baht. at these historically strong levels for the currency. 29.93. and this is the bake of thailand, a resurgence in coronavirus infections are raising the odds the economy will spend less than they forecast before. authorities curbing business and travel in order to shut down the country and curb the art outbreak. taking a look at the nifty moving to the upside. india's sovereign bonds. declining as the highest crude prices in 10 months have been stoking concerns about a bigg

we are counting down to asia's major market opens.athleen: the president faces a second impeachment hearing. about will come wednesday unless mike pence uses authority to remove trump first. u.s.-china relations face a reset and washington with joe biden's inauguration next week. we discussed the process with a former u.s. ambassador. and the world health organization heads to china to investigate the origins of the coronavirus. the inquiry will focus on the original epicenter, wuhan. haidi: let's take a look at our sydney markets entering the fray. sophie kamaruddin is in hong kong with the market open. stocks after australian lost ground monday we are seeing the asx 200 open little changed. aussie bonds under pressure. the 10 year yield nearing 114 basis points, nehring the premium for the u.s. treasury. losses.ie holding at cba sang fair value for the currency is 74, that is 85 noting the range have lifted further if the us tri-u.s. overnight index swap rate had not recently turned negative. the differentials on that rate. let's lo

you are watching "bloomberg markets: asia."et's get more on the days market action with mark cudmore. what is on your agenda, what are you focusing on today? mark: short-term, i'm worried about price action. something strange happened or perhaps it is fair to say it started in the last week or so. we have seen the extreme volatility in the crypto space and that set into some very high-profile moves and squeezes in the short-sellers and some of these small-cap names, citing to dominate the volume. we have seen a little bit of a stalling in the rotation trend. we have seen biden come in, the blue wave confirmed earlier in january that was supposed to boost these reflation trades and move into value so we are seeing tech come back. it is like back to last summer. on top of that, we are seeing quite a lot of volatility under the surface. in the u.s. overnight, we are seeing stock markets close a little bit higher but that disguises the fact that they fell during the day and then recovered. certain sectors are doing ok but other sec

>> because of the market, if we are talking asia, we are looking at markets in asia being fairly valuedu.s. is more extensive at this stage. i think what we are more likely to see is some movement into certain sectors are going to help prolong activity. definitely the right at the end of the tunnel, that will be a key driver of that sentiment. >> thank you for being with us, lorraine. let's get the first word news with karina mitchell in new york. >> china exports continue to move at a strong pace, underpinning the economy recovery. a net gain of $78 billion for december was china's largest ever monthly trade surplus. beijing said that this was the biggest trade partner. in other news, world health organization experts -- as they open an international investigation into the origin of this coronavirus. they say they will focus on the initial epicenter of the pandemic in wuhan. that it is not clear what data studies will show them. aging has resisted an independent inquiry. meanwhile, reports from hong kong has detained 11 people in connection with the democracy activist to taiwan. 10 peo

we are counting down asia's asia market opens. kathleen: welcome to "bloomberg daybreak: asia." for the end of the trump area -- europe with their years in place. and thousands of troop

and asia.s listen to what tim cook to say when it comes to the response to the new iphone 12 series. >> the customer response to the new iphone 12 model is unprecedented -- models unprecedented innovation from cameras to the growing potential of 5g has been enthusiastic, even in light of the ongoing covid impact in retail locations. haidi: are we talking about a new cycle here? mark: i think so, given what we have seen now. he did not use the super cycle buzzword but he defined it. he said the amount of rates they have had in this past order is the most they have ever had for a new set of iphones. i guess that is what the super cycle means, if this is the best they have ever done, how much more super can you get? shery: our tech reporter there, you can get a roundup of the stories you need to get your day going in today's edition of " daybreak". you can customize your settings so you get the news on the industries and assets you care about. coming up next how china is shaking up the world's lar

we are counting down to asia's major market open. shery: welcome to "bloomberg daybreak: asia." asian markets look set to pull back from all-time highs as investors weigh earnings and the prospect of more u.s. relief. tech led wall street to yet another record. joe biden lays out his plan to tackle the coronavirus, calling for 100 million vaccines in 100 days. he warned the u.s. fatality may top half a million in the next month. u.s. banks enjoyed surging business last year, but the results are not reflected in staff payouts. compensation is in the slow lan e. sydney coming online. let's get straight to market action with sophie kamaruddin. sophie: a week that saw fresh records for asian stocks. a muted start to trade in sydney with the asx 200 open with little change, to the downside. we digest the flash of pmi readings from australia. kiwi stocks gaining nearly 2% this friday. the kiwi dollar holding above 72 as we digest the latest inflation data which meetings the case for the rbnz to maintain its cash rate for longer. the boj keeping its options open in japan. nikkei future

asia has opportunities outside of asia, we think some of the commodity plays like brazil and russia willlso do well here. we see opportunities in the u.s. where we have taking -- taken the growth numbers up and we still see asia one of the biggest drivers of growth going forward. taking a look at the china numbers, china at 9.2% growth, it is about 80% the size of the u.s. economy. we think it can match the size soon. there are opportunities in some of the other emerging markets, despite how interesting given the rally china has had. we have a chinese yuan at 6.25. ♪ kathleen: technical difficulty here, just a moment, there we go. joyce chang, thank you so much, chair of global research at j.p. morgan, pretty bullish on the s&p 500 going to 4400 this year and moving on india from underweight to neutral. looking at some good sectors in asia. coming up, the trump administration has classified its strategy to restrain china's rise and maintain u.s. dominance. we will have all the details next, this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh.

what would you rather look to for in asia -- look to in asia?in much better shape than the west because covid is much more controlled. you have the stronger underlying growth trends in most of the country. in particular china and india where you have a much younger population and economies that are in the earlier phase of their development. with that comes the possibility for creating enormous wealth with companies that will satisfy the growing consumer demand created by their own population. for instance, in china we like companies that feed that demand. companies that in particular also meet the demand for the government in terms of their desire to build an independent semi conductor industry. there is plenty to choose from. in india, we like companies -- there is one company called make my trip, which is the dominant online travel company in india. you choose companies like that and they stay dominant, the roadway for them is enormous. the upside is enormous. haidi: it sounds like you are banking on further bifurcation, particularly when it c

and asia, favored stocks in china, south korea and singapore. treasuries ended little changed after declines in the face of soft demand metrics for what went underway in terms of the 20 year bond option. currently 108. the bloomberg dollar index, under pressure and brent crude down 0.3%. industry reports reported a rising u.s. stockpiles which added to mounting concerns that there is lackluster consumption crystallizing. let's check how the rest of the markets are holding up in asia with juliette saly who joins us from our singapore studio. >> fresh eyes on the regional benchmark index following the positive momentum among global stocks and u.s. equity futures. the regional index rising with the nikkei two to august 1990 highs even as the boj said risks are still tilted to the downside . the hang seng index hitting 30,000 points for the first time since may 2019. we have been on the sensex 50,000 watch and that happened, indian stocks remaining at a record and hitting 50,000. the taiex on a tear today, a lot of money going into tech players. it

haslinda: a check on the market asia. week for markets, we have the fed, we had earnings, we also are keeping an eye on the outlook for the stimulus plan. will it be $1.9 trillion? unlikely. the hsi currently up by 1.9%. edging away from 30,000, but still in positive territory. a big tech story today, the tech index searching past 10,000 at a record, the 10% leading the rally we are seeing in the hang seng today. tom: unlikely to be 1.9 trillion dollars coming out of the biden administration, but it is the timing as well as to when that stimulus has, will be focus as well. we are looking ahead to futures, 11:45 hong kong time is when india markets open. the market over in thailand is currently flat, down a 10th of an 8%. you are looking at gains of 8/10, 9/10 of a percent. we will be speaking to the chairman of a major company there, get his sense of what to expect. when they expect to return to some kind of economic stability. that is what you are looking at, the rupee, 72.9 for the rupee. haslinda: let's delve deeper in

they have learned from the lesson and some of the asia refiners in north asia decided to skip those long-term021 or shortened the period to stay more flexible . without the long term oil be easier forwill them to process less in the case of un-presented market situations like last year and being more fluid. coming up, i were next normalizationof for india. we will be joined by prashant khemka, the founder of white oak capital management with over $2 billion under management. we get his take on the indian market, next. this is bloomberg. ♪ we are focusing on india with markets rising to new records, starting the year with great optimism on the rollout of coronavirus vaccines. our next guest with a year of normalization from the country. let's bring on prashant khemka, founder of white oak capital management. normalization is the watchword for most economies. looking at india, it has to come from a long way. how does it really bounceback? give us the data and anecdotal evidence. tied with high-frequency no numbers, it seems the bounceback is quite strong. >> absolutely. first of all, thank you

and asia is a multi-year high level.ly these are levels that also get some more buyers from the global acid allocator. -- global asset allocated. asia taking advantage of this valuation. new issuances has been robust. we do anticipate this year to come with an increase in terms of growth issuance over last year, which was already very large issuance year. the net supply would actually not be dramatically higher. most of those issuances could come from refinancing. rishaad: very quickly, you were talking about the fed averaging inflation. does this literally -- if we do see it inflation stock -- inflation shot, put them behind the curve? >> they have stated they would use an average targeting for a month or two in terms of going above the average. that certainly would be more patient when they look through that. that is why we think there could be a chance the breakeven inflation could potentially go through 2.2%, which used to be the old level where we think the fed has 2% of the low inflation target. it is more than ave

some concerns we see and hear from asia export market.xport market. some concerns we see and hear from asia is less on the qualification issues and more on canned the uk be robust export market for countries like india, thailand, vietnam, japan for that matter that produces so many cars for export into the uk. i think they're real issue for the uk is going to be how it's going to navigate the relationship with china. as we know there it's not just trade between the two but it's the uk firms that have a huge growth opportunity in the china market which is really the only one that's come back post covid. that's a huge market for the uk to capture. how did they navigate that while they are navigating all the foreign policy issues as well as the trade issues? let's look at some of the day's other news. islamist militants have attacked 2 villages in the west african state of niger, killing at least 70 people. reports say the gunmen arrived on motorbikes. special forces have now been sent to the area, in the tilla—beri region. there've been a n

you are watching "bloomberg markets asia." the u.s.'top infectious disease expert has reiterated the country's commitment to the one health organization, including the commitment to distribute vaccines all across the world. algae said he felt liberated -- found she -- fauci said he felt liberated working with president biden after being sidelined by president trump. >> i felt no joy at all being -- in contradicting the president. the idea you could get up and talk about what you know, what the evidence is and what the science is and know that is it -- let the science speak -- it is quite a liberating feeling. ritika: -- rishaad: let's get more on the story at the moment which is developing. a new city suffering as a result of a lockdown report coming from the south china post, essentially to an area which has seen an outbreak in the coronavirus, and it is all in a bid to contain it and contain this worsening outbreak. there are two mandatory testing areas there. only residents who showed negative covid-19 results would be allowed to lea

namely, the downside to emboldening japan to be a greater military actor in asia? >> i don't think so. i really feel now that japan is one of our strongest allies in terms of how we see our interests but also of course it's a thriving democracy and a free market economic system. they have their own challenges with the demographics and so forth but they will get through that. i think that the vision that japan has for the region has been immensely positive in terms of the free and open indo-pacific. they're on the side of sovereignty rather than servitude, and unlike most of the chinese investments, their investments have been beneficial to people in the region because you get returns on investments and they create lasting employment and so forth. i think japan has looked at quite favorably in the region. it's a strong partner but when you look at the threats at the secaucus, it's pretty much analogous to the threat to taiwan and the types of capability japan without i think would strengthen deterrence in a region would help convince china not to be more aggressive

b, in many other vaccines southeast asia, isn't it? a few da s auo southeast asia, isn't it?southeast asia, isn't it? a few days ago the muslim klerk's . days ago the muslim klerk's organisation in indonesia has released their approval that, you know, sinovac vaccines are halal so it should should not be a problem for most limbs to use it. . ~' ,, , . use it. thank you very much indeed- _ stay with us on bbc news. still to come: we'll continue our coverage of the impeachment procedures as democrats make the case for president trump's removalfrom office. day one of operation desert storm to force the iraqis out of kuwait has seen the most intense air attacks since the second world war. tobacco is america's oldest industry and it's one of its biggest. but the industry is nervous of this report, this may tend to make people want to stop smoking cigarettes. there is not a street that is unaffected. huge part of kobe were simply demolished as buildings crashed into one another. this woman says she had been given no help and no advice by the authorities. she stood outside the ruins

welcome to "bloomberg daybreak: asia." with the ongoing reddit gamestop upheaval, see -- silver is the latest focus. china's efforts to control new virus infections are undermining the economic recovery. january data shows factory output and services both weakening. korea tightens social distancing in greater soul as early prevention record turns sour. western australia's capital is also in lockdown. haidi: let's look at the market opened this morning. sophie kamaruddin is in hong kong. sophie: we are seeing shares move to the downside 1/10 of 1% lower after the work week for the asx 200 since october. a close eye on the minors today. ozzy under pressure as well. -- aussie under pressure as well. a slowdown in recovery for the manufacturing and services side. we had the first lockdown also weighing on sentiments. more upside for the aussie dollar after its biggest weekly decline since october. kiwi structs -- stocks under pressure as well. japanese stocks, nikkei futures coming down lower as well. metals very much in focus

the team jump on a _ from southeast asia. the team jump on a unique _ from southeast asia. on a unique bamboo - from southeast asia. the team jump on a unique bamboo train and visit one of the world's most remote food festivals. this week, some of our favourite adventures from south—east asia. 777 steps. from the top of a buddhist temple... and here we come to a bridge. to a bone shaker in the cambodianjungle. wow! from the traffic jams of manila... you don't want a distracted driver. the traffic here is a little bit crazy. hi bunma, hi pearl. to baby macaques in thailand. bunma, don't try and steal pearl's. hi and welcome to tokyo. well, travel is certainly a long way off what it was this time last year but that's not stopped us from digging deep and pulling out some of our favourite trips from the archives for another airing. and this week, we're revisiting one of my favourite parts of the world, south—east asia. home to some of the world's most incredible beaches. food. and of course, wildlife. well, over a year ago, i visited thailand to find out why campaigners, along

and it's not only it's not asia, it's china. | and asia is a very large place.e are lots of very good | company countries that actually we want to trade with. but china isjust a bit - of an outlier, in my view. all right. let's go to nairobi, the capital of kenya, to sally otunga. sally, go ahead, please. the previous administration have been characterised - with very many shortcomings that we've seen. _ so my question is, do you think that there are policies - from the previous administration that need to be upheld? - 0h, let's keep this on foreign policy, let's come to you on that, valerie, as a democrat, i mean, some democrats have applauded donald trump on some of his policies. the abraham accords, for instance, where you've got ties. established between key arab countries and israel, for instance. are there some good things that donald trump did on the world stage? they don't actually come to mind right away. i think what you'll see is president biden will take a hard look at our foreign policy as well as domestic policy, and reverse many of the policies th

especially in asia where we see a lot of opportunities to expand across south asia. a key enabler. we want to capitalize on this by bringing forward investment and building more capabilities. we spent this last session discussing. we are intending to up the pace, up the intensity and of the delivery in 2020. -- up the delivery in 2020. rishaad: the greater bay area will be a key focus. what are you planning? mark: across the area, on the wealth management side, we see substantial opportunities but also on the banking side. it is the opportunity to lead in finance with the marketplaces over there. they will step up commitments and step up commitments and stepup investments across the greater area of the wealth business, particularly. rishaad: -- hsbc -- up 2.6%, in-line broadly with what is going wrong with the hang seng. we are going to sophie kamaruddin. the evening session continues. what is on your radar? >> i want to highlight next year automotive. it is trading at 2018 highs. the auto parts supplier is raising its call to perform as well as the price targets. gm

asia looks set to extend u.s.ains as investors focus on the chance of more stimulus under joe biden. markets are looking also ahead to samsung earnings. have gotten aay boost from the global stay-at-home trend. and japan imposes a state of emergency on tokyo. haidi: we did just get breaking news crossing the bloomberg on south korea current accounts. november accounts widening year on year to just shy of 9 billion u.s. dollars. the bank of korea releasing that .ata last year, november surplus was 5.97. the good trade surplus coming in at 9.5 billion dollars in november, slightly narrower than the $10 billion surplus clock for october. inare seeing 719.7 million november, slightly bigger than the deficit for october. let's look at how asian markets are setting up this friday. sophie: earnings will officially be more important for investors with more than 200 companies listed on the index set to report this month. we are seeing gains this morning 3600 at the start of cash trade, the biggest jump for the benchmark in

welcome to "daybreak: asia."ashingtonts meet in -- top democrats meet in washington over the assault in the capital and president trump's commas before and after and plan impeachment possibly this week. coronavirus case numbers are slumming in new york. our slowing in new york. thea raises the heat on next u.s. administration, blocking mainland companies from having to follow what it calls unjustified foreign's nest laws. -- foreign business laws. haidi: new zealand on the back foot on reports of a data breach at the rbnz, but australia, looking at the start of trading in sydney. aussie shares rising toward a 10 month high. last week, closed with bank and held shares gaining, the best week since early november. we are seeing modest upside, less than 1/10 of 1% at the open. had u.s. stocks, including the s&p 500, closing at franchise, and the nasdaq outperforming on hopes that more stimulus will come through with the democratic majority in the pretty poorite labor market numbers last week. shery: we are watching d