have hong kong services. been financially not viable. why? we would not have had the alliance partner at the other end. they provided us with traffic from mainland china to connector services. that is very important. >> we're going to have to leave it there. the bridge in australia ceo joining us with his views. once more to come. this is bloomberg. -- plenty more to come. this is bloomberg. ♪ mom you called? oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. ♪ >> this is "bloomberg daybreak: asia." ♪ rishaad: more challenges for china, though lunar new year may have played a role. >> abenomics coming under pressure, retail sales and trade falling more than expected. rishaad: noble reporting earnings later. it's potential losses are "s

the hong kong i think apartments in hong kong will get smaller and smaller but the property prices are already so high that the younger generation can't afford. maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in that way a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventeen year old son in law the only way for him to escape his cramped living space is to go outside. and that was on the. off the story which you can find on our website in our series follow us about it and that's it for me and the business team here and i'll have an update for you of course in the next hour and meantime all twitter and facebook feeds for more business news stories before we go here's a check on global markets and for watching but i. want . to. go. to our economy. copeland is legal highlights. a judge threw good shots former teammates in the cyclone telling down three points for his new club. shall good goof

a lot of the hong kong i think apartments in hong kong will get smaller and smaller property prices are already so high that the younger generation can't afford them maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in them. a la. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean meehan learn the only way for him to escape his cramped living space is to go outside. business with. we've. we've. we've. we've. we've. we've we've. got. waltz king does the honors star violinist andre. millions of fans pay tribute to the to. the maestro also has a home visiting his status. a visit to on the plane. in turkey the conflict zones this week on conflict zone i miss them both to talk to russia cuts at least selfhood his ruling party the a.k.p. she speaks for apology on issues and is close so close confidante the president is the government pursues military operations in syria and continues to crack

already hong kong i think apartments in hong kong will get smaller and smaller property prices are already so high that the younger generation can't afford them maybe in the future they won't just sleep in space capsules like these for a day or two but actually live in them with a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean learn the only way for him to escape his cramped living space is to go outside. the hole all the one came to africa from the americas a little more than two years ago and it's now tearing its way across the continent plaguing more than eighty plant species including the african staple maize farmers in mali a doing what they can to stop the mobs of the army while these farmers in malawi by using a solution of water pounded chili pepper and salt true powerful army worms because off the shelf past the sides have proven ineffective. the crop munching pasts arrived in nigeria on twenty sixteen and spread quickly th

stocks in the hong kong market.e, these are stocks that are very much en vogue. tencent which is a main driver from china. you are seeing you'd i from the southbound flow. 20% of turnover in hong kong every day. they are expecting to catch up on the chinese come back. david: that really picked up during the selloff. so our viewers can see this. can you can up for our viewers? tencent on the top of the listed from shanghai to hong kong. looking at this. almost like i should worry about valuation when it comes to this. clive: i think it depends on the company. for growth orientated companies such as tencent, valuation is not a driver. with somencept stock very solid foundations. when it comes to names like hsbc i think valuation is more important. on the higher evaluation scale, we see this more towards the lower and. relation does matter, it does depend on the country -- company if it is a more traditional played depending on a cyclical trend. haidi: i went to throw up a quick chart as well. upon -- ock, hardened whe

when hong kong attract international money to come in and write their speculation. right jack up housing fries and rents and because of that then people can afford right to own or to read and. a typical. housing unit. that's resulted in an upsurge in minimal living spaces entrepreneur eric wong's sells these earthquake proof sleeping cabins equipped with wife by air conditioning and t.v. . so far most of his buyers have been hotels throughout asia. a lot he hung on so i think apartments in hong kong will get smaller and smaller the property prices are already so high that the younger generation can't afford them maybe in the future they want to sleep in space capsules like these for a day or two but actually live in them. a lot of. the hong kong government has promised to take action senior citizens are now supposed to get priority in subsidized housing but the waiting lists are long probably too long for seventy year old sean learn the only way for him to escape his cramped living space is to go outside. consumers here will now be able to shop online throughout the

hong kong i'm home in a cage. probably begin in nigeria where conflicts between headsman and farm. escalating people are losing their lines and the fattal the grazing land and thousands of playing. farmer christopher back a zero six sauce that mother only has a do it floor to rest on about two weeks ago hurts men at tech their village forcing them to flee to mark already the provincial capital now they are living in a school that's on a construction. they have access to water there. but are still waiting for food medical care and mattresses to sleep on. so it's up under its i'm not happy i don't think you've got combo box i would also eliminate will they know it's a robot choice is good here we are so valuable to our living that life i'm all for is. the attacker skills to people in christopher's village the rest have fled. the governor of been away complains about insufficient security forces in the region. he blames the government in the capital even though he is a member of the ruling party. and i don't have state police i don't have states on me i don't have. the air force that.

courts and their independence with all of the tensions going on between hong kong the hong kong government and beijing. well certainly you have to say this is an endorsement of the hong kong's independence of the judiciary system and one that the judicial system the legal fraternity here are very proud of that they work at an arm's length and independently of anything happening within the politics or certainly in china and they've also stated that in the court today that this was not a political debate this decision was based on the legal implications of the legal assessment in evidence and i should start though as well as the them being allowed to go free there was one extra now it's meant to or certainly a tightening of god lines from now on for those who do partake or participate in an unlawful assembly so the rules have been tarred and this has been raised by the three student leaders is one to watch and of concern it means that in from now on any protests police or court action can be tough on. the independence additionally has been allowed and endorsed protesters in the pr

sarah clarke live in hong kong thank you. now the humanitarian crisis from yemen civil war is going more desperate every day the u.n. says forty seven thousand people have now been displaced in the pos month alone and while aid access is improving severe shortages of food and water remain how much on june reforms with the only available drinking water located miles away the children carry what they can collect on the backs of donkeys but the rough terrain makes an already difficult situation even more arduous violence caused these families to flee their homes in the village of u r u s in southern yemen as of bought governorate another reminder of how the conflict in yemen is deepening what the u.n. calls the worst manmade humanitarian crisis in the world. who said we're not living in caves as a result of the will we are facing harsh living conditions especially that ferocious cold homes have been destroyed hardship has become the norm for these yemenis the adults worry the children will suffer the worst and in this makeshift

hong kong has so much -- 75% of hong kong's lands are underdeveloped and unused for residential purposesa lot of land. betty: could it take a lot of steam out of this? the home prices we have seen already. the demand is still quite strong. >> yes, it could overtime stabilize the trajectory. demand fromot of mainland chinese, so it's a very good question. it's entirely possible that higher supply will unleash more demand as well. betty: thanks so much. housing is always a fascinating topic. that is it from us on "daybreak asia." stay tuned for bloomberg markets. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. ♪ >> this is "bloomberg markets: asia." ♪ asia-pacific markets extending gains and investors await

has the latest on that from hong kong syrup. yes of the verdict has just been delivered in the final court of appeal and it's good news for the likes of joshua wong one thing more and alex chalo these are the three student leaders who were behind the occupy hong kong movement their appeal have all appeals have been unanimously allowed so that basically means that they're free from today from the final court of appeal which is behind me so it's good news for the pro-democracy movement on arrival on the y. and i had expected to go over there they're preparing to go back behind bars to finish the rest of their jail time but the other judges have today decided the final court of appeal that there while they did while they were involved in various acts of violence in this particular incident where they stormed the course the government full court in the lives of counsel their appeal to lessen or drop the jail terms which i considered harsh has been allowed so what next for these men and approach the whole pro-democracy movement the d

and hong kong tops the list. flats there can cost an astronomical 21,700 euros per square meter, which leads to harsh living conditions for the poor. reporter: their home is a cage -- seven men live in a single room in bitter poverty. they often don't have enough money for three meals a day. mr. leung shows us where he's been living for years. he gets about 500 euros in welfare every month -- nearly half of which he spends on his caged bed and electricity. mr. leung: we are expendable, like trash. we have been cast out. society has given up on us. reporter: their only ray of hope is lai shan. she visits them regularly and asks how they're doing, what they need, and brings them extra money for food. she works for an aid organization that looks after people living in miserable conditions in hong kong. lai: i think it's very sad and it's also very shameful, because in hong kong, we have huge resources -- and people there are so rich in hong kong. and the government has huge resources. so i think actually the governm

in hong kong, counting down to the open of markets in hong kong, shenzhen and shanghai.g around at the close. we are looking up. that is a beautiful view for our guests, for a lot of us who will never enjoy the view from the top. we are looking at markets across the asia-pacific right now on the way up. getting in from the pboc reporting slight gains over in hong kong. as we move into the open, very go, and we have the cash markets open up. here is sophie with the opening numbers. .ophie: shanghai gaining 1.25% hanghung saying -- the seng climbing, snapping a four-day drop. the selling pressure is unlikely , and warning that investors should not be lured into rebound that follows any significant correction. just a little bit of tempering of the optimism there, despite what we are seeing today. a lot of the fundamentals remaining intact. that has been the message investors have been implying when it comes to this buying the dip opportunity. when it comes to china, danske events ins to recent contrast to what happened over the past two years. let's check in on movers in ho

or through hong kong and what we want. to happen is that. the commercial bank and the white free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illegal ivory trade there is evidence hong kong's market has direct links to large scale elephant poaching in africa wild aid a nongovernmental conservation group estimates up to thirty thousand elephants are killed illegally every year. on kong's always been a failing a while that's very specific me from illegal ivory did i come anywhere when i was a man here legal ivory and always in moscow in illegal trade that's what's been happening for years been happening like that for decades. but as one market closes traders in illegal ivory will search for a new marketplace and last november the trumpet ministration reversed a ban on the import of ivory to the united states. the while the biggest story takes place in here i'm back ichi and house back in. nine hundred fifty and since then it's bec

host: now from hong kong, to turkey. two years ago, more than 1000 of the country's academics signed a petition criticizing president recep tayyip erdogan's policies and appealing for an end to his bloody campaign against the kurds -- a small act with major repercussions. many of them were later fired by presidential decree. the accusation -- spreading terrorist propaganda. after the attempted military coup, around 150,000 civil servants in turkey lost their jobs -- often for unexplained reasons. they've hit the streets in protest at being blackballed -- made captives in their country. reporter: ulas bayraktar has been working behind the counter for only a few months. last spring, the political science lecturer was fired. and, like so many other civil servants, he was banned from his profession, as well as forbidden to leave the country. after that, he had to ask himself, what should i do now? ulas: we just wanted to do something here in mersin, to say that we don't leave. we will find new ways to do what we had been doi

hong kong democracy activists walk free after a victory. this is. also coming up. signs of any letup in syria's violence more shelling kills dozens in. asian and european stock markets plunge as wall street losses spread around the world. for how britain is marking a hundred years of women getting the vote. a lot of three hong kong pro-democracy activists are walking free this tuesday after their convictions were overturned on appeal joshua one nathan law and alex chow had been sentenced to six months jail for unlawful assembly outside the court says the fight for the right to protest is far from over. even the judge just allow us to live to cause we still face the same range of prison sentences in the future which means that the court of appeal have fully a sat and thought the principle of the judgment from the court of appeal in the future if at a well organized action related to civil disobedience just like regains its core action will still face the sentence to be a lot of in prison for feel was even more than a year that's why i will say that is a long time ba

then on to hong kong where living space is a luxury we head to the city where many live in desperately cramped conditions. been eyes ation is an unstoppable trend worldwide more and more people are deserted in rural areas for life in cities looking for jobs educational opportunities and inspiration all want a decent place to live and that's the problem good locations are in high demand and prices are steep. gemini's most expensive city is new neck apartments in the center fetch have been one thousand two hundred euros a square meter and in other countries prices are even higher in new york for example apartments can cost a whopping eleven thousand square meter the three most expensive cities are london at over fifteen thousand euros a square. mita singapore which is even pricea and hong kong tops the list flats that can cost an astronomical twenty one thousand seven hundred euros per square meter which leads to harsh living conditions for the poor. their home is a cage seven men live in a single room in bitter poverty. they often don't have enough money for three meals a day. mr newman

in hong kong. asia."o "daybreak asia-pacific stocks are set to rally into a third week after a strong close on wall street and treasury yields dip. repealed term limit for allowing the president to rule indefinitely. his grip on power arose even stronger. betty: i am in new york where it is just after 6:00 p.m. on this sunday. north korea uses the winter talks.s to hint at fresh the white house says we will see. workshop hathaway, warren buffett said he needs a quiet 2017. ♪ betty: it has been everything but quiet in the equity markets these days. out, but it to close want to point to you a chart. g #btv 9668, which is what we have seen for huge amounts of price swings in the equity market. if anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s&p fearing -- s&p. right, butett is 2018 is a totally different story. you just saw on the right-hand side with how big those differences are in the hi

sometimes when the people of hong kong. come home from work mr young goes to the soccer pitch he used to work in a slaughter house and lived in employee housing now he's seventy and in poor health has given up hope of ever getting a subsidized apartment as there are almost three hundred thousand other people in hong kong who are also on the waiting list. now from hong kong to turkey two years ago more than a thousand of the country's academics signed a petition criticizing president to retch up tie it to one's policies and appealing for an end to his bloody campaign against the kurds a small act with a major repercussion was many of them were later fired by presidential decree the accusation spreading terrorist propaganda after the attempted military coup around one hundred fifty thousand civil servants in turkey lost their jobs often for unexplained reasons they've hit the streets in protest at being blackballed made captives in their country. by our taras been working behind the counter for only a few months last spring t

talking about more earnings in hong kong.g kong's stock exchange is reporting full-year earnings later on. and analysts we survey, the net income probably rose 27% to about 940 million u.s. dollars. and let's look ahead to that with blerk intelligence senior analyst for brokers and exchanges, joining us here right now. given just the volume and the trading activity that we did see last year, this is going to be a pretty good result this time. what are you looking for? >> yes. and what we any as well. the market, which is so great for them. analysts now forecast growth and it could be higher and likely that they will beat consensus expectations. if we look at average daily turnover in hong kong, that was definitely very strong. it was up 32% year on year. and actually, momentum picked up throughout the year. so in the fourth quarter, turnover was actually up 67% which is very impressive. we look elsewhere, the derivatives business, that would likely be boosted by stock options as well. so that could offset some decline in futu

hello i bet it still feels cold in hong kong and it should do daytime maixner about the same as where you expect to get down to at night and it's been persistent throughout the whole of february the winter cold did come down shanghai's warmed up actually surprisingly to seven degrees but the chill mark returned as you can see back down to five by says he and hong kong steadily just about five degrees below where it should be compared with the average but the increase in cloud and humidity probably makes you feel quite as chilly as it was we got a streak of clouds visible from space across india and pakistan is heading so the south is but it is no more than a streak of their e. high clouds that will make the sky white rather than blue but do nothing much else it's that dry time of the year the temps will be affected little bit not progress down to twenty eight and up thirty two again come thursday occasional showers might show in sri lanka otherwise nothing much is the time of year as i said as it is in arabia apart from occasional breeze runs on the gulf is now gone nothing much happe

or through hong kong and what we want. to happen is that. the commercial bank. might free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illegal ivory trade there is evidence hong kong's market has direct links to large scale elephant poaching in africa wild aid a nongovernmental conservation group estimates up to thirty thousand elephants are killed illegally every year though on khan's always been a failing a while that's very specific me but there you go i've read it right anyway i went as i'm on here legal irene and always in moscow he did an illegal trade that's what's been happening for years been happening like that case. but as one market closes traders in illegal ivory will search for a new marketplace and last november the trumpet ministration reversed a ban on the import of ivory to the united states. the while the biggest story takes place in here back. to back in. nine hundred fifty and since then it's become a platfo

ivory trade there is evidence hong kong's market has direct links to large scale elephant poaching in africa wild aid a nongovernmental. conservation group estimates up to thirty thousand elephants are killed illegally every year. on kong's always been a. very specific me. illegal ivory thing right from anywhere where there's a. legal irene and. illegal trade that's what's been happening for years happening right now. but as one market closes traders in illegal ivory will search for a new marketplace and last november the trumpet ministration reversed a ban on the import of ivory to the united states. the world's biggest toy fair takes place in nuremberg each year it started back in nine hundred fifty and since then it's become a platform for the latest trends in kids' toys back then hula hoops were all the rage and can play mobile and electric train sets now high tech is taking over so here as a top trends for this year. robots aggression the rolling their way into kids' rooms new technology is the norm for today's children and it's becoming an increasingly important feature of how t

is being hailed as a landmark vote by conservationists off to china now hong kong is banning the sale of ivory it's one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the beautiful great giants. the colorful crowd of anti ivory protesters had gathered outside to welcome the decision under the new law the maximum penalty for selling ivory is ten million hong kong dollars around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was shown to come to him and garfunkel government to all sponsor the african elephants for these needed next is a step up the enforcement to make sure that there would no longer go trade into hong kong or through phone calls and what we want. to happen is that. the commercial guy in the white free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illega

in hong kong, i am haidi lun.setting after retreating from a 15 month high. we are looking at markets trading much lower at the moment as we get into the first trading day of the year of the dog. bitcoin breaking through $11,000. another critic raising doubts. the bank of england boss calls it a failure. singapore matches more problem with more money. we speak to the minister of trade and industry exclusively. taking a look at markets here in asia, it does feel like we are losing a bit of steam at the moment. that recovery from the previous session failing to pass through to europe. u.s. futures are also trading a bit lower. u.s. markets are closed of course, for the presidents' day holiday. we will take it over to sophie who is taking a look at the markets. sophie: the hong kong market is very much in focus right now, not an exuberant start to the year of the dog. below the 31,000 point level. financials are weighing the most . we are waiting for ages be see report earnings and we will take a look at the stoxx no

the students who lived twenty four teams pro-democracy protests in hong kong joshua wang knife in law and alex chowk arrived in court along with their supporters united in their fight to have their jail terms dropped and determined to strengthen their campaign whatever the outcome the white house the result was the white for the office of. the final court of appeal was their last chance to hold on to freedom they appealed to the court to consider their motives and the greater good of the pro-democracy movement when handing down the decision after a brief hearing and in a stark reversal of the previous ruling the five judges unanimously granted their appeal dismissing all jail terms and allowing the three to walk free from course. for a confrontation was outraged there was cause over for their modesty over this are caused by this is. the case centers on an incident in twenty four tane which triggered almost three months of protests shutting down parts of central hong kong that were found guilty of unlawful assembly and inciting others after they stormed government headquarters their ow

living space in hong kong is the most expensive in the world. many people are reduced to living in just two square meters. to life this is unacceptable she works to improve living conditions for the poor three thousand and sixty minutes d.w. . take it personally i went with all the wonderful people and stories that make the game so special. for all true fans. become more than football online he created movie milestones it was an instrument of propaganda and persecution. it underwent bankruptcy and restructuring. but it still turning out films today. germany's biggest and oldest film company. a cinematic history from the german empire to the present one hundred so far starting february eighteenth on g.w. . playing. last. point. never forget where you came from they could see strengths and respect. back to the roots with. as the rich.

last hong kong faces an environmental disaster because of its appetite for the tastiest fish. by the springtime flowering of a mounting lead. to the final snowfall on a winter's day. how low we've got some very cold wet digging in macross western parts of europe at the moment you can see have a cloud is diving down across the north sea it's a northerly wind is filtering some wintry showers into england down across the low countries was about this big bad a cloud which stretches all the way from that western side of the mediterranean through the alps pushes right up into the baltic states they'll be some wet weather could be some wintry weather on this as well some snow there just around the swiss and austrian alps some very heavy rain into northern parts of italy into the balkans and a lot of the showers continuing just around the valley areas is a good deal drier up towards the north west london at around seventy six celsius there for paris but it's apt weather some wintry weather some sleet snow florist's any possibility across of the low countries over the next couple days

david ingles in hong kong.eard, fell as you in hong kong after the four-year adjusted pretax profit missed estimates due to the government's last set of earnings, with john flinch replacing him. i spoke with the group finance director about the results. >> i don't think the analysts missed anything. weaker, little particularly in the ficc space, and we also took a couple provisions for significant corporate exposures in the fourth quarter. that is really the future of the fourth quarter, a couple things on the unexpected front with respect to impairment charges coming to the markets business and lower revenues in that quarter from the same business. anna: you cite a couple clients in europe with regards to it. is this going to continue to be a drag on earnings? do you have any visibility around these impairments? >> no, we have always taken a somewhat conservative stance in dealing with troublesome credit, so we've dealt with this in the fourth quarter of the year. we expect to go into 2018 with a fairly clean

hong kong democracy activists walk free after a victory in the. coming up.

i am yvonne man in hong kong.nocencio in new york, and you are watching "daybreak asia." breaking lines on the bloomberg about the rba. yvonne: that's right. these minutes coming through. we are not expecting a whole lot of surprise when it comes to the aussie, because we have largely heard from the likes of philip lowe last week already, but talking about the rba, household balance sheet, we are carefully monitoring them right now. it has been generally positive. risetion, they say, to only gradually as the economy strengthens, and also talking about the strong retail competition to persist in the next few years. still the risk that consumption growth could be weaker according to the rba, and rent inflation and cpi could be expected to rise gradually. we will continue to hear this theme. deflation not exactly picking up too materially. given the fact we heard philip lowe last week say if wage growth continues to be at 2%, it will be hard for inflationary pressures to continue to tick higher. meantime, market reac

we all talk about hong kong, and the money will continue to flow into hong kong. that is for sure.oment. it did not go that much or go down too much. 20% correction, the nightmare time during 2008, you look at the history, every time we saw big correction, like these few days, 20% or something. it is a buying opportunity, and the blue chips, and they are looking really reasonable. david: a few people told me last week if you look at the drop of the a-shares index, a drop like that to those something is happening underneath. one of them pointed out that these wealth management products have funneled billions of dollars into blue chips and large caps, those are starting to explode, which means this foundation of a-shares one hold for too long. how important is that part of the market market structure? without't believe structure problem come up because without structure in , we talk about hong kong, trade moreng will and more like a-shares, not the u.s. market behavior, although may be sometimes once in a while they are synchronized together, but looking at the trend, we talk about a

it's the life source and we just go with the flow or poor in hong kong's billion dollar fresh seafood industry paints a dismal picture of the trade future it warns that lax regulations and overfishing bring some species close to extinction devika pollan has this report. at the aberdeen fish market mornings are busy seventy percent of the seafood consumed in hong kong passes through here. among the crates and tanks carrying fish from all over the world you can easily spot the endangered or threatened species they're in the category of my brief fish transported and kept alive until they are to be in the so much illegal trade. and the so little control and oversight by the hong kong government in this case laws of very ill equipped to control the trade as it's practiced today yvonne's adobe's the co-author of a report entitled going going gone it reveals how a lack of regulation current fishing practices and consumer demands are bringing many species to the brink of extinction we train more than undertake these pieces but they're only one species a protected the library fish food trade i

people fish in the sea dog according to research as in hong kong who say overfishing of reefs is driving some species to extinction. kenya's high court has ordered the government to reopen several t.v. stations it shut down on choose day the country's top three t.v. networks are taken off the air and if they try to broadcast the moment can all ration ceremony held by the opposition leader rather it being a declared himself the people's president claiming the president has election win last year was rigged catherine soy has the details now from. katie in a nation millions of kenyans depend on them and their free to air platforms for formation for the news and programs as well and many of them cannot really afford the internet or cannot access the internet or afford pay t.v. so we also talked to the managing editor of the nation media group who told us that this is something that has been building up days before this. airing in. some. of the media stations while called by very senior government officials and basically given a dressing down they were instructed not to provide any live cover

conservation groups and young activists are lobbying one of hong kong's biggest restaurant chains to take shark fin soup off the menu and this is not tested is just a transition they're just forced to either rule. that a piece of fruit we can only kill them so that expands the protesters are also highlighting the cruelty and brutality involved a charge finning the fins are the most profitable part in most cases they're hacked off while the shark is still alive then it's thrown back into the sea to drown are starving its estimated one hundred million sharks us watered each year and seventy percent of those are killed solely for their friends hong kong is at the center of the shark fin business accounting for more than a horse the global trade every year most of the fins are packaged and exported to mainland china. once a rare delicacy only then ability and lead could afford it is now widely available due to improved fishing techniques and logistics china's economic boom and growing middle class have also added to the demand but there is an increasing awareness that chileans think we a

coming to you from hong kong. bond markets around the world for release of the feds january meeting minutes. looking to hike interest rates more aggressively this year. let's go to our policy editor, with a preview right now. kathleen, word in that january further.t was what was the message that they ere trying to send with that wording tweak? >> of course, with the markets it must mean they are four hikes instead of three. policy janet's final statement. the next fed chair taking over. they add and in what context? they expect with further gradual monetaryts in terms of policy, see that work further, atnomic activity will expand a moderate pace. later, it states, economic onditions will evolve in a manner that will warrant further gradual increase in the federal funds rate. that, in or so afternoon asked, why did you guys add that word further? he said to me it just means we more confidence in the economic outlook. speaking of more confidence in the outlook, i think in these looking to see tax cuts, how much are

masters are often consulted before construction begins in hong kong despite its widespread adoption some academics say the evidence is unproven and question why it's increasingly being promoted as science we see it all over the world in the west we see horoscopes we see fortune tellers we see sacred greed or so there's a certain percentage of the population that will always be duped by these pseudo scientific terry activities science or not masters of the tried say the business of french why. growing james a kuna applies at a time and in his work and his satisfied with the results our lives are formulated by space the spaces that we live in the spaces where we're where we work where we play if we don't take care of our space if we if we keep it stagnant if things don't change in the internal space how are we supposed to grow as a people. it's that type of testimonial that's behind the modern revival of this ancient craft series al-jazeera hong kong. and finally a quick look at our top stories well leaders gathered for a conference in munich discussing global and regional security challen

in hong kong, dave -- david: yeah, we are looking at gains across the major benchmarks in hong kong. the lack of it. i'm looking, shenzhen to hong to be- we are halfway taught in the absence of any sort of meaningful flow of funds from the chinese mainland, it's hard to get back up in a timely way. i'm haslinda amin in singapore. you're watching "bloomberg markets asia." let's get your first word headlines with debra mao. deb? china is set to repeal existing term limits on the presidency to allow she jumping to rule past 2023. they want to revise a constitutional provision barring the head of state for more than two consecutive terms in office, the only formal barrier to xi staying in power indefinitely. the move was first flagged at a party meeting in october. rising in fewer cities, new home prices state subsidized housing, climbed in 52 of 70 cities tracked. they were unchanged in five months. the government is expand renting -- experimenting with ramping up supply while fine-tuning existing retro troll -- rent control. ministerdeputy prime has been elected. the sex scandal that l

at the hong kong a share.in hong kong and we see the downside of 4% there. very a place of safety to be found. is the tablets as well as the downside of about 5% that we are seeing the big selloff in 1.5 years. a lot of this concerns coming around from the retail segment. we could see greater outflows. this is the head of that reserve bank of australia policy decision where they are staying on hold for 18 straight months. this was indicated by all the forecast for the asx 300 down by 3% there. asia-pacific and should be approached latest selloff by the past few days into oversold territory. let's stick to china. the market is showing signs of recovery. jet market will definitely take it back to the singapore airshow by.e haslinda is standing >> you are right. there is optimism that it will pick up after the climb down two years ago. let's get perspective. >> china has been a great market for us for a long time. the asia-pacific region in china was our second busiest market outside of the u.s.. we are seeing ex

in hong kong.his is "bloomberg markets: asia." ♪ asia pacific market extending the biggest global selloff in two years in growing concern that the fed may step of the pace of their rate hike. powell will be sworn in and janet yellen says she is sad to leave. seoul.will be live in the bond route continues. the contagion when it comes to equities playing out in the asian session. we had that 600 point drop to the dow. asianf extended in the session. a huge week when it comes to the data. four central-bank meetings. you have australia, central-bank in the philippines and looking at the reserve bank of india. very interesting to get any policy reaction to that fiscal situation of the tell by the latest budget. in the meantime, looking at treasury yields and the features looking at more downside and this is playing out in a negative way in asia. 30 minutes out from the oven in china and hong kong. hang seng looked at the barometer when it comes to the bearish sentiment in this world --as part of the wor

the british prime minister raced hong kong the xijinping. —— the british prime minister raced hong kong. she was talking about the erosion of freedom is there and the erosion of freedom is there and the implementation of the so—called one country two systems model, whereby hong kong is supposed to have certain freedoms guaranteed and many people living there see it being eroded. the third and final trip for china, it has now taken her to beijing, how successful has it been? i think if we talk about trade normally we are all welcoming back oui’ normally we are all welcoming back our viewers in mainland china. i think the chinese and british governments would say it has been a successful trip. they are talking about the long—term projections of the economic relationship between his two countries post—brexit. this is partly a way of reassuring chinese companies who might want to invest in britain that it is ok to do so. britain is not shut for business post—brexit. do so. britain is not shut for business post-brexit. steven mcdonell in beijing. while china is often see as a prized country

>> holiday, hong kong shuts at lunch.a coming through with jobs data out of australia, rate decision out of indonesia, a of trade reports coming up but near term, about an hour now, the governor set to weak g.d.p. report. have a look at dollar-yen, lows, 106 83. with whento contend speech. his ramy: looking ahead to asia pacific. meantime, some of the biggest fund managers in the u.s. are reporting on when they bought quarter.last bloomberg news investing reporter has been digging through reports. have hedge funds soured on the fangs here? were seeing this earlier and even more now. having cutbout co2 apple. it had been such a big supporter of the iphone x. also sold facebook. but we've seen new in the last hour reported point 72 cut facebook. we've seen google sellers, as well. maverick, appaloosa. so those are the real sour areas the tech world. you've seen twitter as a bright spot. know that green light bought in but also co2, glenview -- a of people seeing positivity in twitter. ramy: besides twitter, is there optimis

people say hong kong is short on land that it actually isn't.nned in hong kong means that at the heart of our city we are extremely dense and quite expensive. in our city there is still a lot of interesting land left. land left under the flyover is, in between buildings and perhaps on top of buildings. i thought that we might have a new kind of architecture that could really take up on this leftover land to create something affordable. hong kong, if it can be innovative and look into these alternative kinds of buildings, could actually drive more space and affordability for young people in our city. the best of british film—making talent has been honoured at the baftas in london, with many of the stars using the spotlight to highlight the sexual harassment scandal which has gripped the industry in recent months. the big winner of the night was three billboards outside ebbing, missouri which won in five categories. here's our arts editor will gompertz. his report contains some flash photography. the baftas 2018. part award ceremony, part platform