east asia looks ok.ther areas like southeast asia, pacific area and central asia look a bit modest in terms of the growth rate. especially on the countries depending on tours in. might experience more modest growth because for two reasons. it might take time. >> you talked about how a lot depends on the vaccine rollout. asia once led the vaccine rollout. now it is lagging behind. shortages in india. shortages in indonesia. what is your take on that? how are you factoring that in? >> that is important to break the chain of transmission and also mitigating the impact. right now, all of -- preparing or conducting vaccination or their people. what we are supposed to do is secure financing to procure safe and effective vaccines as well as plans and strategies for equitable and timely vaccine distribution system. we launched the new financing instrument. the total amount of nine approved last december. we already improved four countries. indonesia, philippines, south pacific island countries. we are working on

were kind onto asia's major market opens. we see strong demand for tesla's model three but its outlook is on with -- unchanged. we are waiting to reports from big banks. plus, lyft is reversing gear agreed to sell it self-driving subsidiary to toyota. paul: we kick off with breaking news -- with breaking news. we are getting the first quarter gdp numbers. 1.8% expansion, much faster acceleration than the estimated 1.2% year on year. this would be the first growth year year on year since the pandemic begun. we have seen strong external demand from the u.s.. quarter on quarter is beating expectations accelerating 1.6% growth. the estimate was only 1%. manufacturing slowing town -- down, 2.8%. retail and food services also at 2.2% quarter on quarter growth. we're seeing a lot of strength and south korea. the bank of korea has said it is too early to consider adjusting a policy stance. we have very loose policy there as we continue to see infections across the country. we will watch south korea when it opens other top of the next

haidi: our east asia governor -- east asia government editor.usands in new zealand are set to board flights today. get over to our editor in melbourne. as we see these flights commence, what are some of the concerns but also opportunities with this limited travel corridor? >> it is great to see we have the bubble. it is the first quarantine free travel between australia and new zealand in more than a year since the pandemic forced the closures. people seem to think opening this border should benefit the national carriers. we are seeing not so much follow-through at the moment. all these stocks are pointed higher today although the dollar in new zealand and australia are slightly lower. it is a bit of way and see on how this progresses. shery: what are we expecting from australian leaders meeting on the vaccine planned to speed up the rollout? >> we have that meeting today. there is going to be a lot of focus on what the next stages of the plan are. we have had concern surrounding the astrazeneca vaccine. that is the vaccine australia has relied

looking at where we are in terms of the msa i asia -- msci asia index. extending friday's gains. asian currencies like the yuan look to end april strongly. setting up more dollar weakness at least in the near term unless there is a surprise shock to hurt risk assets. currently we have bitcoin up by about almost 3%. it surged as much as 9% earlier, trading at the 50,000 level. keep it with us, there is plenty more ahead. this is bloomberg. ♪ david: looking at your is this flash headlines, an update on some of the top stories. a company again delaying its 2020 results. another headache for an already -- for already nervous investors worried about defaults. auditors say they need more time to finalize an unspecified transaction. huarong iterated that online businesses are running normally. it missed a march 31 deadline. chinese -- a chinese investment bank is going on in overseas takeover and hiring spree that sees assets jumped more than 10 folds in the next decade. it is looking for potential m&a targets and asia focused firms, including stock houses, hed

the philippines is similar to many other countries in southeast asia.ore the turn of the century, like all countries in southeast asia, the philippines was a colony. ♪ today, it is an independent nation, proud of the progress it has achieved in a decade of self-governance. in its 10 short years of independent existence, it has weathered tensions, known crises and triumphs, and has achieved confidence in its ability to survive. in those 10 short years, it has established itself as a courageous fighter in the struggle for the freedom of all of asia's people, and as a respected member of the council of nations. in the year 1898, the philippines became the territory of the united states. two years later, william howard taft became the first american civil governor. the philippines for the filipinos was his slogan, independence, the promise. what followed was 30 years of hard work and nationbuilding. the structure of a democratic and independent nation was fashioned step-by-step. the philippine commonwealth, the first great stride towards full nationhood, wa

lots more to calm on "daybreak asia -- to come on "daybreak asia."loomberg. ♪ haidi: a battery maker is gaining attention with its claim to have built a next-generation battery that promises to extend the ev's range while reducing charging times. it has been a target of shortselling attacks. they recently called the company a scam. the ceo spoke exclusively to bloomberg. >> if getting a third-party to test ourselves would get rid of these kinds of random, you know, attacks, it would be something we would consider. do you really think that if all the data we had shared had been generated by a third-party app that they would have been different about that? that report was not interested in the facts. first of all, i want to be candid. there is a legitimate short thesis you can have. it demonstrates amazing results in terms of the capability, but they have yet to scale up production and the factories. those are uncertainties. somebody can say that it will be harder than they think. we do not argue with that. the problem is that is not what the short-sel

the think asia -- but think asia.n recovery, much slower on the vaccination rates, much less generous fiscal policy. in fact, we have withdrawal of fiscal stimulus. for the region in asia, even though we get supply-side impact on inflation from oil, central banks will be cautious to look past the supply-side factor as long as it's pretty much absent. haslinda: speaking of central banks, emerging markets and oil have begun to raise rates. how does this play out for risk assets, you think? johanna: well, right now, it's not really in asia. asia has been lagging, except china is starting to withdraw in terms of credit and the quoted he stimulus. i think the world is rebounding and growth is picking up, and that's what's driving policy normalization. that's a healthy sign for risk assets. the worry is market is drawing policy stimulus, not because the economy is rebounding, but because they're right about stability. that's where we could get a wobble. in asia, what's driving is volatility in the rates market. that's drive

haslinda: let's take a look at targets asia expanding. asia diverging from the u.s. posted yet another record. investors assessing gains on wall street and the pandemic resurgence. the pmi 300 index extending their fall, falling 121%. for the past decade, april has been the best decade for the bloomberg commodity index oil. currently, oil is trading at 59.28. investors downgraded into a six-month outlook after reducing its demand expert -- estimate. alibaba front and center. an end to the anti-trust. alibaba up by 6%. look at that, surging by 14%. we have a settlement between those two companies that ends a two year legal dispute. lg up by .7%. rish? rishaad: addressing the dip in chips with president biden in a summit on monday. that is next. this is bloomberg. ♪ haslinda: tsmc corded it second quarter of record sales after to demand continues after biden's summit with economic advisers. the discussed global shortage of microprocessors came up. what do they hope to achieve with this summit and going forward? >> i think it's enter pretty strong signal. the biden admi

plenty more to come on daybreak asia. this is bloomberg. ♪ karina: this is daybreak asia. support a limited version of president biden's two point two $5 trillion infrastructure proposal. according to roy blunt, the plan would need to be scaled back by more than two thirds. the director of the national economic council countered saying the plan is a 18 year capital investment that will expand the economy's potential. china and south korea say they will work together to denuclearize the korean peninsula. the south korean foreign minister two sides would seek a political solution to the standoff with washington. he also said the two would push for a state visit once the pandemic has stabilized. australia's newly appointed defense minister says that he intends to work closely with the u.s. and other allies to maintain peace in the region. he added australia would like to collaborate with china, but it does not support the militarization or using foreign influence for cyberattacks. he was appointed defense minister last week. jordanian authorities say they foiled what they cal

shery: daybreak asia is up next. we are seeing futures across asia under pressure.loomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) haidi: good morning. we are counting down to asia's major market open. shery: welcome to daybreak asia. asian stocks -- in the u.s., text daca -- tech shares led the way down. the chinese president is hours away from addressing the form, addressing challenges for the

shery: welcome to daybreak asia. our top story at this hour, china's crackdown on big tech may not be over. more than 30 forms were told to take note of alibaba's find as beijing warns them against market dominance area the u.s. recommends a freeze on johnson & johnson's vaccine. they threaten more delays to the global rollout as shots are suspended in europe. in australia canceled plans to buy the single-dose jab. asian equities are declining following gain in the u.s., investors shrugging off higher than forecast inflation to focus on the forecast of a path to a global recovery. we start off with breaking news out of south korea, we are getting the march employment figures of the jobless rates coming in at 3.9%, in line with estimates we are seeing further recovery for the labor market and south korea after the larger than expected drop to rates in february as well. 300 14,000 jobs were added in march, we have seen further relaxation of social distancing. the jobless rate at 3.9%. in hong kong for a check in the ma

shery: welcome to daybreak asia. our top stories this hour, a start to the week after jay powell/prospects of stronger growth and hirings in hong kong and japan are pointing higher. alibaba says thank you to regulators after getting slammed with a record fine. the penalties could have been much worse. and, we look at the bleak picture of the emerging markets with virus cases continuing to surge in india. let's turn to sophie very check of what to expect across asia trading. >> we could see tepid gains for asian stocks. this after fighting losses led by china and tech losses in the region. still, vaccination in tokyo, osaka, now on this monday, fed chair jay powell flagging the biggest risk to the economy as a resurgent spread of this section. we are waiting as well, you have the s&p ahead after benchmarks capped a three-piece rally on friday. the dollar is trading flat. we see a curve to the 10-year note -- 10 year yield, adding about five basis points. the rpi is expected a jump to record high. taking a picture of t

and in asia. we have seen that, strong property markets in many countries around the globe for various different reasons, but related to the support we have been seeing from central banks and governments, furlough schemes etc. a far brighter picture than most would have anticipated just a few months ago. the outlook really has brightened. annmarie: one thing ewen stevens on said fueled the quarter was the progress on vaccines. something to keep in mind as we see a resurgence across asia. we had tesla yesterday not doing well in post market trading. our high tech valuations justified? jane: if we look at the tesla results, maybe we have to question whether or not these valuations have gone too far. are these high-tech valuations justified? many suspect they are not. by the end of the earnings season we will have a better answer to that because tesla has been tied to bitcoin over the past quarter, that is part of their story. for bitcoin generally, we have seen this theme in the previous quarter abo

can asia continue to rise?well, that is more dependent than on the actual growth in china we are seeing, because that has a lot of second-order effects on the rest of asia including japan and australia for its resources. as long as the chinese economy is in good shape, that should be ok. what we are monitoring now is indeed, that there has been some tightening of the monetary regime and china. and you have seen interest rates start to go up a little bit. so, that may set the stage for a slightly slower growth pattern. that is also what we saw in the last quarter's growth numbers. there will not be that much government support anymore. but i do not think that will really affect the overall demand, which you can still see mostly on the private consumption. it is pretty strong there may be some last infrastructure demand. but private consumption will probably save the day. rishaad: looking at japan, the market, we have a yen which is week by. the latest price action. the thing is, are there opportunities here in j

asia stock skating.apan, hong kong, and australia after surprisingly robust data in the u.s. chinese data could move the market tile. expeditions are for the highest quarterly

europe and asia, so there is more diversity— europe and asia, so there is more diversity and — europed asia, so there is more diversity and we can feel it - europe and asia, so there is more diversity and we can feel it also i europe and asia, so there is more diversity and we can feel it also inj diversity and we can feel it also in the movie. — diversity and we can feel it also in the movie. in _ diversity and we can feel it also in the movie, in the _ diversity and we can feel it also in the movie, in the movie - diversity and we can feel it also in i the movie, in the movie nominated. diversity and we can feel it also in - the movie, in the movie nominated. i think the movie, in the movie nominated. think things are changing. these international nominees may face an even tougher on landscape than ever post coronavirus, no wonder they are raising a glass to getting this far. now before we go, it is time for me to make my predictions of who will win in the key oscar category. of course, i ran the risk of making a total full of myself. best adapted screenplay. that award will go to n

you're coming down to asia's major market open. shery: welcome to daybreak: asia. asian stocks look to climb after stocks rallied to a record and sell of economic data indicated it is getting momentum. scott minerd says it's only a matter of time before another firm implodes like archego. we will hear from the chairman this hour. the rba is expected to meet tuesday with a focus on financial stability and housing prices. haidi: let's take a look at how we are shaping up when it comes to the start of trading in asia. sophie: we are almost at a complete set in the asia-pacific. check out the offshore yuan trading around the 655 zone ahead of china's private reading. we have the rba decision. the aussie dollar holding above 76. they could be at risk if we see any signals the rba may shift its qe focus to a later maturity. when it comes to market pricing, we have seen that rock forward after the strong eco-data we got from the u.s. treasury futures higher. we are keeping an eye on tech shares. given the yields coming under pressure in the u.s. the nasdaq jumping to perc

we are counting down to asia's major market open. shery: welcome to daybreak asia. our top stories this hour, jay powell lays out his exit strategy. he says the fed is likely to taper bond buying before any decision to raise rates. jp morgan and goldman message to spac's and mean stocks for lenders. we will hear from the u.s. security chief later this hour. haidi: let's take a look at the set up in asia, after u.s. stocks falling from records led by the selloff in tech. a pretty muted start to trading in asia. when it comes australian, we are within about 2% of the record high we had back in february at its peak. new zealand looking soft as well. 3/10 of a percent lower. when it comes to commodities, link currencies go with the dollar weakening. i'll performers and that g10 space where the aussie dollars. looking mildly positive going into the start of trading. futures at about a 10th of a percent. we are watching for some of these markets getting closer to record highs. already at record highs. korea within 1%, watching for that one when it starts trading as well.

haslinda: still ahead on bloomberg markets: asia. an exclusive interview with the asia-pacific president of wyndham hotels and resorts, the world's largest hotel franchise by number of properties. he joins us later this hour for a look at the hospitality sector's recovery and expansion plans. rishaad: a $10 billion food fight. doubling down fundraising efforts to challenge alibaba in the largest ever sale of new shares by a hong kong listed company. more on that on the way. this is bloomberg. ♪ rishaad: let's chicken with markets. tech under pressure as we saw on wall street, the asia-pacific index down for 10th of 1%. let's get over to our life strategist. a wave of equities, having a look at dollar-yen has been interesting. alongside sterling, as well. we are seeing it below 108, that is what the consensus seems to be. is it a dollars story or a yen story? >> probably on the yen side. it is an important part of the year for japanese life insurance companies, as my colleagues have been writing. it is the time of year when they think

we are counting down to asia's major market open. shery: welcome to "bloomberg daybreak: asia." new zealand markets are closed but we await the open of china, japan and south korea in an hour. let's go to sophie kamaruddin in hong kong. sophie: this morning, asian stocks are set for big start as investors see cracks in that reflation trade. last week energy and industrials lagged with the worst five day stretch for asian equities in a month. today earnings on tap across the region including hitachi metals, as industrial nettles have rallied to multiyear highs infrastructure and a shift to green spending providing support. the aussie dollar has been in favor with the commodity like currency trading 77 this morning, with upside risk for the company -- the currency with global growth persisting. bitcoin prices this monday morning in asia come up prices holding losses below $50,000 after the worst week in two months or the digital currency with president biden's proposed capital gains tax adding to the right, -- we are watching crypto related plays in asia this monday. also in south

we are counting down to asia's major market open. asia stocks were lower friday as investors digested big results from the u.s.. amazon sailed past amazon -- estimates well twitter tumbled. chinese regulators imposed sweeping curves on 13 companies. and china's big banks see profit margins squeezed as policymaking there's leaned on lenders to contain debt. shery: breaking out of south korea. we are getting industrial production numbers for march. we are seeing a contraction of .8%. it is a contraction from a revised upwards number of 4.4% and growth in industrial reduction numbers. we did see another wave of infections affecting south korea in march so we had a recovery and a slump in march. this is coming out a when we see volatility in the numbers. we see growth of four point 7%, which is higher than estimates and also significantly higher than february. all in all, we are seeing pretty strong external demand for south korean goods. we have seen manufacture confidence rising in may with samsung leading expectations. quarterly growt

of the more to come on daybreak asia. -- plenty more to come on daybreak asia.berg. ♪ haidi: [indiscernible] we are seeing another thing unfolding with huarong. with the big three rating agencies with solid investment ratings on huarong, on a creditwatch mid april when we were watching the bonds selloff. a lot of critics are saying this is another case of the ratings agencies getting it wrong and acting too late. >> absolutely. the rating agencies really were caught holding the bag. they not only had investment grade ratings, they had pretty high grade ratings. what happens is rating agencies don't consider standalone financial strength, or the likelihood of government providing support. in some cases, the relationship between the two could be so strong that a standalone credit analysis is irrelevant. i am quoting the report. in the case of huarong, on a standalone basis, moddy's gave them a jump rating. the rating agencies actually gave them a seven notch uplift, that is the problem. ratings agents were quite slow --if you consider the relationship, you have to

it's also home to the largest mosque in central asia. a city of super lives. also claims to have the world's biggest indoor ferris wheel . and the place wouldn't be complete without and a limpid complex with a mascot wearing traditional attire. heroes of the past stand at many public squares as the country seeks to affirm its own great history after the many years of soviet occupation and suppression of the turkmen culture and language. for thousands of years life was dictated here by trade routes and the availability of water. and now turkmenistan's economic lifeblood is natural gas along with its market price. this great ancient mosque of a now had withstood numerous disasters intact but then in 1948 a tremendous earthquake sent the magnificent structure and many other cultural treasures tumbling down. for many local women this ruin is now a pilgrimage site. childless women are particularly drawn to the tomb of the soupy st keys. whose spirit is said to help them become pregnant. and we had a thing of of to remember how come of the 87 that said you let me do

we are counting down to asia's major market open. shery: welcome to "bloomberg daybreak: asia." markets are closed but we await the open of china, japan and south korea in an hour. let's go to sophie kamaruddin in hong kong. sophie: this morning, asian stocks are set for big start as

you're coming down to asia's major market open. shery: welcome to daybreak: asia.s look to climb after stocks rallied to a record and sell of economic data indicated it is getting momentum. scott minerd says it's only a matter of time before another firm

it's also home to the largest mosque in central asia. a city of super lives. also claims to have the world's biggest indoor ferris wheel . and the place wouldn't be complete without and a limpid complex with a mascot wearing traditional attire. heroes of the past stand at many public squares as the country seeks to affirm its own great history after the many years of soviet occupation and suppression of the turkmen culture and language. for thousands of years life was dictated here by trade routes and the availability of water. and now turkmenistan's economic lifeblood is natural gas along with its market price. this great ancient mosque of a now had withstood numerous disasters intact but then in 1948 a tremendous earthquake sent the magnificent structure and many other cultural treasures tumbling down. for many local women this ruin is now a pilgrimage site. childless women are particularly drawn to the tomb of the soupy saint keys b.b. whose spirit is said to help them become pregnant. we're going over to france have come of the a.c.m. that said you. visit

up next, hsbc celebrates a pivot to asia.ntent within the banks asian and london executives. more on that next. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. elon musk has pushback on a report that a fatal crash was linked to its autopilot feature. he said that data shows that the driver less function was not engaged. authorities said it appeared no one was driving the car before it crashed into a tree and into flames, killing its occupants. takeover talks between microsoft and discord are said to have ended after the videogame chat company rejected microsoft's billion dollar bid. discord is focusing on a public listing in the future, several other companies tried to bite in recent weeks. the service allows gamers to communicate and gain popularity during the pandemic. china mobile saw profits rise 2.3% in the first quarter, faced with expanding 5g networks. it lost more than 2 million users in the same time, worsening its year-long contraction in a saturated market. the company was listed

i think we need to see something like this in east asia. we take the necessary steps to repair i don't think japan is there yet. i'm not as optimistic about because of the parties in power. they made progress in the political we have left-leaning political party of power were able to seek things in the same other advances in bilateral relations. similarly we saw when there is a center-right party were able to see advances in security cooperation in advances like the 65 normalization treaty as an agreement that allows the cooperation to happen eventually. but again these agreement's were problematic because they did not address some underlying issues. and now we are seeing these agreements starting to fray a bit. that is the reason for some of my pessimism. i just wanted to point out that it can be problematic we try to sweep historical issues under the rug. swint thank you frank, jessica jim anything to add? >> guest: sure, i'm not sure you can hear me, i am experiencing some internet issues at the moment. i will just say a few words. i thi

asia stock skating. futures pointed higher in japan, hong kong, and australia after surprisingly robust data in the u.s. chinese data could move the market tile. expeditions are for the highest quarterly figure since beijing began releasing results 30 years ago. investors will be looking beyond that number. >> from outside the headquarters in beijing, i'm tom mackenzie. we will cover all the twists and turns of the story with special coverage. that starts at 9:30 a.m. hong kong time. haidi: let's take a look at the set up we are getting for the final trading session of the week here in asia. we are seeing asian stocks looking poised to gain after some pretty surprisingly robust eco-data out of the u.s. we have yields on the benchmark 10 year treasury falling somewhat. new zealand we are seeing modest gains. we are at about .1% when it comes to futures trading. in sydney we are looking like an extension of a -- of the previous day. the annexes finishing at a record high. nikkei futures mildly positive. we

but in asia, things are moving much faster.head of pre—pandemic levels, according to travel industry data. jameson wong is asia pacific director at travel industry researchers forwardkeys. thank you very much forjoining me. has china decoupled from the rest of the world? well, essentially, yes. i mean, if you look at the pace of chinese domestic travel, especially in the lead up to the highly anticipated labour day holiday which officially begins from the first all the way through to the fifth, i say officially because we know from our data that even though it begins tomorrow, chinese domestic travel travellers have already begun travelling yesterday and today. the latest data, as of the 22nd of april, shows us that total flight tickets issued for domestic travel in china currently stands at 20% ahead 2019 levels. we are confident that as we get fresh data across the next few days, these performance figures will increase exponentially. now, greece officially _ increase exponentially. now, greece officially opens - increase expo

in asia, talks

, whether you are talking about developed asia or developing asia. very important trends, both from a consumer perspective, but also from an investor perspective. alix: let's talk about the specific opportunity set. kkr is seeing a lot of opportunities in asset-based strategy, a lot of money going to small businesses, plus real estate. give some specifics as to where the cash is going to flow. alisa: in asia, the cash is going to flow into a couple of key themes. one is consumption upgrades. when you look across asia, developed or developing, when you look at the rising middle class that you spoke of before, when you about the focus on the millennial population, more millennials in asia than anywhere else in the world, they want better health care, better experiences, better things. that is what we have really been investing behind. for instance, we have been one of the largest investors in the care space. we have invested in everywhere from the philippines to india to china, investing in hospitals and care facilities and bringing western practice to

it's also home to the largest mosque in central asia. a city of super lives. also claims to have the world's biggest indoor ferris wheel . and the place wouldn't be complete without and a limpid complex with a mascot wearing traditional attire. heroes of the past stand at many public squares as the country seeks to affirm its own great history after the many years of soviet occupation and suppression of the turkmen culture and language. for thousands of years life was dictated here by trade routes and the availability of water. and now turkmenistan's economic lifeblood is natural gas along with its market price. this great ancient moscow now had withstood numerous disasters intact but then in 1948 a tremendous earthquake sent the magnificent structure and many other cultural treasures tumbling down. for many local women this ruin is now a pilgrimage site. childless women are particularly drawn to the tomb of the soupy saint keys baby whose spirit is said to help them become pregnant. we think of to remember how common that is in the study of the me of my visit

popping up into shanghai air quality for beijing on friday with a high of 20 degrees for southeast asia we're still dealing with these bouts of heavy heavy showers for indochina and for the southern philippines we've seen about a month's worth of rain in 24 hours that trend of what weather continues well the story for india is the potential for some strong storms to bubble up towards southern portions of the country and for sri lanka but the high heat continues ahead of monsoon season you know where else we're dialing up the heat well for the middle east temperatures particularly for turkey cyprus and the levant really heating up over the next few days aleppo 34 on thursday i want to show you the next 3 days in jordan where up to $32.00 when really we should be at $25.00 degrees and wall to wall sunshine on deck. feeling the debate down. and amplify your voice you're only human mr merivale the media will miss when true story no topic is off the table why in the world what was humanize an individual domestic terror this was an illegal occupation of a country what they're doing is they're

we are counting down to asia's major market open. shery: welcome to daybreak asia.ur top stories this hour. asian stocks are posted bounce after wall street snaps a two day drop. bargain buyers emerge. china faces pressure on several fronts with australia canceling belt and road deals and the u.s. moving ahead with legislation to curb its conditions. the pboc could be set to bailout farren in a major show of governmental force for company that is based -- has faced intense scrutiny. we speak to the head of centauri, one of japan's biggest beverage makers. haidi: let's take a look at how we are setting up for the asian open here on thursday. sophie kamaruddin is in hong kong. sophie: we could see green shoots ahead. we are seeing a mixed picture with s&p under pressure. let's see if japan can shake off the losses after report the brunt of the losses in the region over the past five days. the boj came through with etf buying after the topix fell more than 2% on wednesday. also, something for investors to latch onto. earnings are picking up in asia. set to report today

our allies in asia thought that was an important piece. yes, there was an allusion to drawing down troops in germany. i did not agree with that. we launched a defense agreement last year with poland and increased presence of u.s. troops in east europe, where they would be more likely of use in a crisis with russia in the first place. so let's not forget the steps that were importantly taken over the last four years and remember the rodders story arc of -- broader story arc of challenges to the alliance based in beijing and moscow policy, which we need to show seriousness in confronting. the final point, these challenges have been mounting at a time in which the alliance, the members of the alliance, have been less interested in the nuclear piece of that alliance, at least in some key countries. this is not just america's problem to fix. nuclear guarantees and their effectiveness are not about what is done in terms of u.s. posture and in washington. another piece is to correct the drift in strategic seriousness which i think all of our alli

and east asia is relishing the early bloom of the cherry blossom this year but experts say it's a strong indicator of climate change. back into the program just as the u.s. capitol was starting to return to somewhat normal after the riots of 3 months ago another incident has put the city back on the alert on friday a man round a car into a police at a barricade outside the capitol building before jumping out with a knife one officer was killed and the attacker was shot dead police believe the incident was not terrorism related political hate has more from the capital. it's happened again. another attack. the u.s. capitol suspects. this car. and then hit the north barricade barrier assets time the suspect exit the vehicle with a knife and hand the suspect is believed to be 25 year old noah greene police say he lunged at the officers and they shot him dead before his car rammed the steel barricade police say he ran over 2 officers william evans an 18 year veteran of the force was killed his body escorted to the morgue by a long line of police cars the other officer was seriously injured i

we are counting down to asia's major market opens. shery: welcome to daybreak: asia. our top stories this hour. asian stocks look set to follow wall street's book lower. the s&p 500 saw the lowest in five weeks after bloomberg reported president biden may double capital gains taxes. america rejoins the global fight against climate change. biden makes a pledge to cut emissions. skeptics wonder if that can outlast his time in office. japan could see the strictest lockdowns yet. the final decision could be made in the coming hours. paul: let's take a look at markets right now. new zealand is the only market trading at the moment. higher by a modest amount. futures and australia pointing to a weaker futures last traded for the nikkei pointing a little higher. we have had market australia pmi's services data coming out. 58.6, the read for april. that is also a record high. the pmi composite very strong. 58.8. the market australia pmi manufacturing index, 59.6. a strong set of markets as the economic recovery continues together strength. shery: let's start with our top stor

shery: welcome to daybreak asia.his hour, a start to the week after jay powell/prospects of stronger growth and hirings in hong kong and japan are pointing higher.

we are counting down to asia's major market open. shery: welcome to daybreak: asia.ay powell downplays inflation risks once again, saying he will do what it takes to support the economy. we speak to san francisco fed president mary daly. singapore's succession plans are thrown into doubt after the heir apparent bows out. further changes at credit suisse. the bank is said to tighten in the wake of the fiasco. haidi: a look at what we are setting up for. what do you see? >> we are seeing qe stocks gain ground and asian futures headed for a muted start. the s&p human is is on the rise -- the s&p is on a rise. volatility is expected to jump in the summer. this is as investors worry the easy part of the inflation trade is done and dusted. inflation or a lack thereof remains a key scene. fed pressures are expected to be temporary while emerging economies contend with upside risk. china's march, a modest rebound. we saw wti hubbard above $60 a barrel. it is interesting, the underlying market structure holding firm for oil. we do have the financial stability report due out t

we are counting down to asia's major market open. shery: welcome to daybreak asia. asian stocks -- in the u.s., text daca -- tech shares led the way down. the chinese president is hours away from addressing the form, addressing challenges for the post-pandemic world and offer solutions from china. big finances lining up on both sides of soccer, said to be weighing out a new deal while jp morgan is backing the top club as it looks to break away. haidi: let's take a look at how markets are heading up today. sophie: asia and futures mostly lower. makes one having a capital rate to edge out rivals. rio tinto out with fourth quarter production updates and in australia, astro pay -- we have a rate decision from indonesia and meeting minutes with the aussie dollar trading at a one month high. nikkei futures are little changed as markets consider the potential to declare a state of emergency. fresh records in india and new delhi, the country has lowered the vaccination age. spe munis edging higher and the dollar holding losses after a six week low. lti adding about a third

we are setting up for the asia >> we have a busy earnings day ahead.he hong kong exchange is among those reporting this wednesday and we have some marginal gains for asia stocks. this has booming commodity prices signaling, and on the others of the coin, there are the players that embrace margin pressures which may turn the consideration for policymakers that they will have two take into more account. we have brands like oreo, and higher inflation will go higher. expecting a strong second quarter. pulling up the chart on the terminal, we have the inflation focused rbi competing with the risks. -- cpi may soon test the inflation range, and that is on the risk of inflation and of managing costs to keep them low. >> let's get back to our top story. alphabet is jumping an extended trade after reporting quarterly sales that topped estimates. it also unveiled a big share buyback. and lifted by a strong demand for cloud services, but that has failed to satisfy investors. led to get over to technology anchor emily chang covering all of this. alphabet, it looks

vonnie: this is daybreak: asia.ed to grow 4.5% this year but the imf chief economist is warning the forecast has not factored in severe downside risk from the wave of covid-19 cases. india so i record 100,000 daily infections on sunday. its wealthiest estate has halted all nonessential services and ordered private companies to work from home. the united kingdom has told renters to hold off on planning foreign holidays this summer, on the hopes of an airline industry hoping to get back into the skies. restaurants and pubs will open up next week. prime minister boris johnson says it is not yet clear if non-essential travel can resume as planned. iran meanwhile says talk to restore its 2015 nuclear deal with world powers were productive but still demanding the u.s. remove all sanctions for real progress to be made. tehran rejected the u.s. proposal to release oil revenue in exchange for suspension of its production of enriched uranium. iran's negotiators says they will meet again on friday. israel's president has chose

we are counting down to asia's major market open.> good evening, from new york. haidi: the global economy may see its fastest growth in a half-century with the u.s. and china leading recovery. but prospects are verging dangerously. australia says the astrazeneca rollout will continue, despite concerns over local blood clot case. the government is working with you and u.k. to investigate. an japanese hotel operator hoshina resource say is positive on expanding businesses by the collapse of foreign tourism, we hear exclusively from the company's ceo. kathleen: over to hong kong for the latest on market. sophie: several markets in asia pacific are off-line for the long easter weekend including australia and new zealand. as they kick off april trading that reflation trade is top of mind. keeping energy markets after saudi rate oil prices for asian customers follow the opec-plus decision to boost output following may and july. we are seeing some downside pressure for crude at six doing dollars per barrel. switching to check on forex marke

it's also home to the largest mosque in central asia. a city of super lives. also claims to have the world's biggest indoor ferris wheel . and the place wouldn't be complete without and a limp it complex with a mascot wearing traditional attire. heroes of the past stand at many public squares as the country seeks to affirm its own great history after the many years of soviet occupation and suppression of the turkmen culture and language. news. for thousands of years life was dictated here by trade routes and the availability of water. and now turkmenistan's economic lifeblood is natural gas along with its market price. this great ancient moscow now had withstood numerous disasters intact but then in 1948 a tremendous earthquake sent the magnificent structure and many other cultural treasures tumbling down. for many local women this room. as now a pilgrimage site. childless women are particularly drawn to the tomb of the soupy saint keys b.b. whose spirit is said to help them become pregnant. we had a thing of the friends have come of age 7 that said you have t

executive director and asia pacific chief it i.h.s. markets will the u.s. lead the world in the 21st century at least when it comes to the production of semiconductor chips. what we've seen is that the us share of global semiconductors production has declined since $9092.00 from 37 percent to around 12 percent today and what we're seeing is a rising dominance of south korea and taiwan in semiconductors manufacturing particularly in the very high and chips and so this is now creating supply chain disruptions this year with your out of 2021 so far we've seen ship shortages supply chain disruptions that are hitting many industries that are very heavily reliant on semiconductors spitzer hillary their orders so the u.s. is now recognizing the supply chain vulnerability and taking strategic option to increase its share of the global semiconductors industry but of course this will take time i think it is very much achiever both physically with such large investment under president biden's infrastructure plan but it will take some years so that at the moment the wo

more daybreak asia next. bloomberg. ♪ haidi: let's take a look at the state of play when it comes to the start of trading. this is what we are seeing for training in new zealand at the moment. this is we see asian equities poised for a steady start to the tuesday session. the u.s. session near -- ended near record high as we going to the start of trading here in sydney. ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. shery: welcome to daybreak asia from bloomberg's world headquarters in new york. haidi: i'm in sydney. asia's major markets have just open for trade. our top stories this hour. asian stocks set for a mixed stop -- start with u.s. benchm