and with hong kong im osin: outrageous. and with hong kong imposing its _ outrageous.ng its own national security law in addition to that of beijing are you at all hopeful that things can change? it's hopeful that things can change? it�*s difficult to see a glimpse of hope in the short term. because we�*ve seen how sweeping and overreaching the whole national security law authority is in hong kong. but definitely i don�*t think this... i think the political suppression and the political suppression and the intensity of these political brutality and hong kong is sustainable and of course the influence and power in the future because of how they been treated internationally. and the problems arise from local. i do believe that in the long term future that will be change but of course for now we�*re witnessing one of the biggest tragedies in hong kong. most of these people who are my friends are going to be injailfor a long time. are going to be in “ail for a long finish are going to be in “ail for a long time. are going to be in “ail for a lona time. �* ., ., ., long time

let's stay with hong kong. exchange ceo bonnie chan, says she is anticipating the comeback of big-ticket ipos to the city. she spoke to bloomberg as the exchange hosts the capital markets forum in partnership with saudi tadawul. yvonne man is at the event and joins us for more. some of the headlines out of that interview you did? yvonne: she was very optimistic trade in fact, bonnie chan, the hong kong exchange ceo is behind me in a panel right now talking about the collaborations she sees with the middle east. but first and foremost, this is a time one hong kong needs new listings. and they need more investors. in particular when it comes to two weeks ago when we heard from the chinese regulator initiating support measures for the ipo market. basically encouraging industry-leading names to list here in hong kong. she says it brings her a lot of hope. and they have gotten a lot of inquiries. she mentioned about a hundred applications on the ipo pipeline so far. here is more from our conversation with bonnie cha

part of the primary election before i left hong kong.st of the defendants, i personally know them. a lot of them i worked with years and years, and then they ended up in prison, orfacing a heavy prison sentencing. is definitely devastating. if you look at most of them, they've already been in jail for more than years without a verdict. and they are denied bail for that length of time. it is definitely outrageous. we can go live now to hong kong and our correspondent, martin yep, who's outside the magistrates�* court. yep, who�*s outside the magistrates�* court. we just saw a van driving into the courthouse, what is the mood there? ,., ., courthouse, what is the mood there? ., there? good morning. right next to me, there? good morning. right next to me. you _ there? good morning. right next to me. you might _ there? good morning. right next to me, you might be _ there? good morning. right next to me, you might be able - there? good morning. right next to me, you might be able to - there? good morning. right next to me, you might be able t

hong kong is looking bright.hong kong gdp better than expected. >> we been following pressures and cicc is going to cut pay. one of china's biggest investment banks has communicated that staff could be relegated to lower ranks and demotions are rare. the plan is being reviewed as a way to cut costs without making them redundant and companies can terminate employees so demotions can read bankers to resign. the pay level was on par with goldman, but it has cut bonuses and cost pressures amid a slump, cicc ebay tight lid on costs. people are planning to demote bankers. >> this comes as xi jinping arrived in france. rebecca joins us for more. the choice of places is interesting. more receptive to china in the past? rebecca: they backed a key probe which triggered momentum in other areas, but emmanuel macron has a different voice from the rest of the union. they're hoping to put more space between the eu and u.s.. raising issues of overcapacity and a personal nature of their relationship, they went to long dong. a pos

the the, this is dw news life from brother guilty verdicts to 14 hong kong pro democracy activists. and i'm done democracy version trial. we'll hear from the chinese territory about what this means for the opposition movement. also on the program. israel sees is control of the buffers between gaza and a gmc, using a mass of using it to smuggle weapons into the concepts. but the move is also stuffing tensions with the agent. the answer. okay, welcome to the program called in hong kong as fund 14 pro democracy activists guilty of subversion. now it's the biggest trial of its kind after trying to impose the security law on the territory. in 2020 i ended stifling descent australia and the united states from only countries to criticize the verdict is politically motivated and to call for the defendants to be released. a prison in san jose up to home combs, west county lou lou quotes outside people q patiently to enter the fate of 16 pro democracy activists in the hands of hong kong legal system. we've been waiting for this day for over 3 years. i feel very sad that so many people have be

so thank you so much for that, but his date of the is phoebe collins in hong kong for us. this now to the battle over the future of tech talk in the united states where the apps, chinese parents, company, bite dance has filed a legal challenge seeking to block a wall that would force it to sell up the law. so it is likely welcome news for the 170000000, tick tock users in the united states, as well as for the creators who make money on the platform. that as our us correspondent janelle do milan reports a boat can creek in maryland home to travers like lose the fat and for getting ready for the season. and his preparations as well as all of his other crab content can be watched on take talk. good for another 12 months. he started posting around 4 years ago. now he has $1700000.00 fall is going to change somewhere around new york. i kind of became, i guess by accident the crab guy on the internet just kind of rolled with it. embrace that they had health and now it's turned into tone. kind of business or the sold you the creative and then showed you had a steam. so now i'm go

hong kong performing well at the moment. dbs up 2.2%.shareholders licking that story. standard chartered, we will hear from them in a moment. first quarter earnings a little later. that is it from bloomberg markets: asia. daybreak middle east and africa up next. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay

that was the hong kong pro democracy activism. sunny jang. there. early results from the south african election showed that the african national congress is on course to lose its majority. partial results of the agency. still in the lead with about 43 percent of the votes followed by the democratic alliance party with 25 percent. if the amc fails to win at least 50 percent of the national vote, it may be forced into sharing power for the 1st time since the end of apartheid in 1994 amc has ruled south africa unchallenged since then and is now headed by countries president 0 from of, of the final results are expected by sunday. now here's what the 1st deputy secretary general, the african national congress had to say about the results so far. so it was a, what's the 5. and that, that was as, as indicating that whatever that was predicted, india has been proven drum. we are way above what was predicted. is it possible that percentage of the nc saved for the latest? if i add the valves we asked in at the 34 percent, and you do believe that once all of t

you save the call in hong kong. you look at some more headlines from around the world south and south africa where early results from the election shows that the african national congress is on course to lose its majority. it's still in the lead with about 43 percent of the votes public by the democratic alliance policy runs with $0.06 and savings rule south africa since the end. the search for survivors of popular new beginnings landslide has slowed. rescue efforts have been hampered by the remote location, an unstable ground, only 6 bodies slipping trades and then drawing a as of a 2nd slide that struck last friday and buried hundreds of people facing that nature of foreign ministers. the gatherings guthrie in prague with ministry age for ukraine expected to pump the agenda. us extra estate and we play comes already right. you play cold on they to allies, to buy more, help protect space warning that he doesn't have the means to defend itself against russian and tax or israel is military size. it's taking full cont

and courtney poll many people who chose to stay in hong kong. i think they actually the other one for us, so courageous is because they do, of course, the anticipate there will be consequences and political a persecution. they know that, but they do choose to stay is because they want to of so determination political will. and then also to tell the home people and vision will forward to that they would advocate and i think they are fairly successful in this way. and we should really remember the names. what does the future for the opposition movement in hancock? what does that future look like now? it's going to be tough. i mean, i sat, right? i mean because also this friday and before this product, we have the national spiritual. we have the article $23.00, which is a lot of have a controversial security role that helped to dismantle the political freedom to hold on. people once had the right i that you asked me whether or not i would anticipate. there will be like my scale most button in homes on the street in the near future. i think the answ

a quote in hong kong, as found 14 pro democracy activists guilty of subversion. it's the biggest driver. it's kind of the china impose to security law on the territory in 2020. and that stifling descent, australia on the united states, among the countries to criticize the verdicts as politically motivated and to call for the defendants to be released of prisons and tools up to home combs, west town, new quotes outside people q patiently to enter the fate of 16 pro democracy activists in the hands of hong kong legal system. we've been waiting for this day for over 3 years. i feel very sad that so many people have been locked up for so long suitcase centers on an unofficial election that was held in 2020 officials said it was a threat to the government. the joshua was among the 47 pro democracy activists arrested. they were charged with conspiracy to commit some fashion under a national security law and post by china that no had been introduced following protests, which so tens of thousands take to the streets to defend democracy. trying to set the law was needed t

a large box of bars on trial in hong kong ends in guilty verdicts for forcing pro democracy activists. we lost our protest funding what this means, but the opposition movement also coming up. it's reality is, is control of the buffer zone between the cost on each. if it says it's game is to prevent from us marketing weapons into because on the move, good. also stoke tensions with these are the british manager. welcome, you know, land bookcase. hong kong is high, gold has found 14 pro democracy activists guilty off the version, the exodus of both of the so called home phone. 47, we approve that to pause on official the primary election in 2020. they were charged under the national security. know the aging imposed on home phone. it has wiped out the public. discern demarco's once frank h s b a c t x. the risk faced a lifetime in prison. the doesn't correspond to. phoebe collins has been following the case in the city and told us how the judge is justified. they've addict of the. well, the rest is the largest national security file today in hong kong seems facing and post the security le

also coming up tonight guilty verdicts for 14 hong kong pro democracy activism site. we ask, what does this mean for the opposition and the risk of death and illness increases for millions in india. as a record breaking heat wave continues, experts more that these longer spells of hot weather will only get worse. the break off, it's good to have you with this on this thursday. the foreign ministers from nato are meeting this evening and frog with military aid for ukraine on the agenda. your secretary of state anthony blinking is among those gathered in the check capital in the united states is facing increasing pressure from allies over restrictions that prevent ukraine from striking targets inside russia. go ahead of the meeting and nato secretary general. you're in stoughton bag so that it is time for nato members to reconsider whether their weapons could be used to hit beyond ukraine's border stimulus. i believe that's time has come to consider some of these restrictions to enable their training. and so really defend themselves and restaurant in for either the cont

>> hong kong and singapore continues to be a big hub.hina if you look at structural still a bit more to go. consumer demand, the build up is there. for business in australia as well starting to pick up as well. australia we added credit suisse wealth management into our business. we had a small bonds we offloaded because of small brokerage but now we are bringing back in a big way so there is a lot for us across the region to work on. credit suisse has a decent platform in india and we are building on it for wealth management as far as global markets and banking so it is a good market for us but it is still early days in india must still a lot of heavy lifting to do. >> you've been constructing a big building across the harbor. when do you move in? >> it looks like 2026. we have locations ifc and icc and [indiscernible] i was telling the developer i like the rooftops for our colleagues children. i believe in having that kind of activity for employee children because it keeps production tight. >> thank you so much for having us here at th

that is data v as fee recall in hong kong for us. let's get a quick reminder now of the top story we're following for you. us officials, i say the bite in the ministration paused and armed shipment is around last week. the unnamed official pointed to concerns about the bonds being used and they planned as rarely and station of the city of rafa and southern casa. and just before we go, some news for the eurovision song contest of fans. the 1st 10 competing nations have gone through to the finals. ireland are among those progressing into the last stage of the world's biggest musical competition. they secured their place for the witchcraft is fired. performance. ukraine's do also impress along with a nother fan favorite coefficient is i can send the final kicks off the week. that is our new show. now, i'm going to leave you here with this european musical extravaganza. thank you so much for watching the, the the is, it is someplace power and key, more people than ever on the move world wide in such a base in life. politically suggestive

you save the call in hong kong. a nato foreign ministers, a meeting in prague with ministry ad full ukrainian focus us extra estates on to me blinking is among those gathered in the check capital as us faces increasing pressure from allies other restrictions that prevent you crying from striking targets in russia. had off the meeting next to the secretary general against delton, but said it was time for those who are members to reconsider whether that weapons could be used to hit beyond do you transport? i believe that's the time has called me to consider some of these restrictions to enable their kindness to really defend themselves and restaurant in for either the content they the ukraine on ukraine across according to the national, the right to defend themselves. this is showing the new instructor on there. ok for self defense includes also striking military targets and a judgment printers targets outside ukraine as well to best buy satellite as a member of the buddhist dogs. following the fast committee for the

but first, the latest on hong kong hedge funds. against the decision to shut down in the face of insider traded -- trading charges and a billion-dollar in redemption requests. keep it here with us. this is bloomberg. ♪ haslinda: asian markets under pressure, that includes a hang seng as well as the csi 300 index. hong kong stocks extending losses into a fourth straight day. traders tracking a selloff on wall street, fueled by worries the fed will put off that rate cut is officials aim to get control of inflation. the hang seng down about 1% right now. the csi 300 index down .4%. lou mark has learned the hong kong-based hedge fund segantii pays nearly a billion dollars of withdrawal request before's decision to shut down. the company is facing an insider trading investigation in the city. what do we know, what are the deals here? >> it is an evolving situation, definitely very impactful here in the community in hong kong, a well-known hedge fund in asia, particularly because they were able to carry out very complex block trades, the

the new hong kong exchange ceo will be joining us.re about the measures we heard from the csrc last month to talk about encouraging firms to list here in the city. what does that exactly mean? how big of a boost cannot give the city here? haidi: how can hong kong investors gain exposure to saudi assets? yvonne: there is one etf right now. the csop, saudi etf that was launched back in november. that is the first fund of its kind here in asia where hong kong investors can gain exposure to saudi assets. $1 billion in assets was what was promoted back in the day. with the backing of a saudi arabia sovereign wealth fund. so it was very promising. take a look at how performance has been. volumes has come down. they only attracted about $20 million in funds so far. so we are going to ask the asset managers themselves about what is still needed to bring more liquidity there. haidi: yvonne man there at the capital markets forum in hong kong getting underway today. lots of great conversations. that is it for daybreak: the china show is next. ♪

broadcasting live from our studio in hong kong.an listen via the app or on bloombergradio.com. plenty more ahead. stay with us. ♪ >> a look at how we are faring in our into the start of trading. of course, it is a holiday session with japanese stocks not trading today. we did see a softer finish to the first session, the kospi up by half a percent, lifted by a lot of the -- good reaction across the players when it comes to what was ultimately a mixed bag for earnings but some of the optimism when it comes to the chinese market and the growth trajectory going forward came as a sigh of relief for many investors that have gotten used to quite a bit of downside headlines and sentiment for apple across its key markets. her ein australia we are seeing the asx 200 up by a half of percent. consumer discretionary, one of the outperformer's following on the behalf -- on the back of corporate earnings optimism, seeing kiwi stocks, little changed at the moment after trading a little bit softer. 153.10 amidst more evidence building we did see a

has that had a big impact on hong kong business and retail?eorge: it is part of hong kong becoming part of the greater bay area. it is our desire for the government and the region to integrate more and for people to travel and become more porous. it has been a little bit of one way, us going up versus people coming down. so that is something we need to encourage the government to change. otherwise, this is a longtime development that will continue. as the owner of shopping centers, we need to make sure it continues. the shopping center needs to be interesting with the right tenant mix and shoppers will continue to come. i think that is a strategy that we have continued over the last many years and will continue to protect us with a very high occupancy with a lot of tenant demand. paul: have you done anything to reposition yourself in that regard? i know you recently bought china vanke a'smal in shanghai. would you be willing to take advantage of more opportunities particularly as a number of developers engage in necessary fire sales? george: t

the country since the end of apartheid may soon have to share power and guilty verdicts for 14, hong kong pro democracy act of this to like we asked what does this mean for the opposition move? the bridge off is good to have you with this on this thursday, the foreign ministers, nato, our meeting tonight in prague with military aid for ukraine on the agenda. your secretary of state anthony blinking is among those gathered in the check capital. the us it is facing increasing pressure from allies over restrictions that prevent ukraine from striking targets inside russia. know ahead of this meeting. nato secretary general you in stoughton bag so that it's time for data members to reconsider whether their weapons can be used to hit beyond ukraine's borders. take a list, i believe that's the time has come to consider some of these restrictions to enable their opinions to really defend themselves and restaurant in faith of the content they, the ukraine on ukraine. the hoss, according to international law, the right to defend themselves, isn't showing the new instructor. on the rock for self def

the, the business, the news life from berlin, a large box of vice and tried in hong kong ends in guilty verdicts for 14 pro democracy actors. we last talked about his funding. pub, this means for the opposition movement. what's coming up? he's reality is, is control of the buffer zone between garza and egypt. it says it's game is to prevent abbas funding weapons into gaza for the move, but also still tensions with egypt. and ukraine says it does not have the means to defend itself from russian edit text, an oscar neutral members to come to its page. we look at why the suggestion is proving so controversial. the, i'm going to spend as you're welcome, in a landmark case, hong kong cycle, which has found 14 for democracy, x service, given to yourself version. the active is part of the so called hong kong 47, a group for that to part, you know, officially primary election. in 2020, they were charged under the national security law, the aging imposed on home phone. it has wiped out public designs in multiples. once rank shows the city, the active risk would face a lifetime and present data c

you save the call in hong kong. as written here where the ongoing h waivers, posing an increasing threat to human health temperatures, a soaring to more than 45 degrees celsius in major cities in the countries north and west india. of course, no strangers to hate ways, but these periods of unrelenting high temperatures caused by climate change becoming more common, an x, but say that getting was the sunset. so the daily mocking and to another school ching day. dusk brings much needed relief. jones for residents to cool down the over the map. it was extremely hot between 11 am and 2 30 pm. it was unbearable and traveling for everyone. hope the british. i'm currently ready tuesday. i've got everybody, but what can i say? but i said, we have to work in the fields and look after the kettle bells that sound nature isn't a bad. the head, the children are sick because of the heat, their vomiting and have diarrhea and fever. this is what happens in these temperatures or do this through on a normal will do trying. the heat i

hong kong's loss, singapore's gain. >> we have seen millionaires move away from hong kong and into singaporest wealth surveys. the has kind of been the trend. in the past 10 years hong kong's number of millionaires has decreased 4% while at the same time we have seen singapore's number of millionaires increase. it speaks of the trend in the rivalries between the two cities and seeing how people are departing hong kong. haslinda: can singapore sustain its position? >> we will have to see, a lot of the wealth gains have been driven by global equity market gains. financial markets around the world have increased in the past decade, but you have these geopolitical issues in these other reasons that people move in change locations. right now we're still seeing new york as the city with the most millionaires. one and 24 people in that city are millionaires, which is pretty striking, but we also see increases in singapore, tokyo doing well in terms of millionaires, so is the bay area, we sort of have to see where people want to move in what becomes more attractive in terms of location. right now we

the activists are part of the so called hong kong $47.00. we go to the bottom, an unofficial primary election in 2020, they were charged under the national to go to law. the being imposed on it has wiped out public, defend invoke laws once frank issues b, s c t, the actors would face a lifetime in prison. corresponding phoebe calling has been following the case in hong kong. and john, me from the cd. good morning. what did the judges say and their verdict of the world? the rest is the largest naturalist experience. each file today in hong kong seems facing and post the security of all here in 2020. so within covering the following um the product with hundreds of members from the public um sale that they, that the judges half of like comes back to 14 out of 16. also the defendants who feed it not q t. so only 2 of them were found in this, at the moment. so to get up with all the defendants will see that due to the earlier, $45.00 out of $47.00 of them pick 10 of those charge off sufficient conspiracies. the suppression. so the judge set it on

china and hong kong are a bit harder to say. annabelle:. equity capital markets reporter filipe pacheco there. that's it from "daybreak: asia." our better markets cup continues as we continue to the start of trading in shanghai, hong kong and shenzhen next. this is bloomberg. ♪ ♪♪ ♪♪ ♪♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals >> private equity firms, the good ones make the public markets. we are in the business of turning great innovators integrate businesses. there is one component of our industry that people need

what does this study then mean for hong kong and people living there? who of course, once believe that democracy and human rights were values to be respected as well. i think this case is a real turning point of hope. all honestly, i mean things changed when the national security law, paul send 2020. we've seen many people has to flee into exile. many of the democratic leaders are either in prison in hiding hong kong is not the same place, but it was next week. it will be the anniversary of the tenement. mexico will be 35 years every year and home call that has been uh, vigils to commemorate incentive history. it's very important. and what we've seen in recent days increasing pressure of people and they won't even talk about candidates. they just say the people who are trying to organize an event to commemorate a politically sensitive day. so i think that tells you everything about how phone calls has changed. and this is something that should be very concerning for the rest of the well yeah, that's an important point to make just the final. 3 thoughts

the activists are part of the hong kong 47 weeks. the group that took part in an unofficial primary election in 2020. they were charged under the national security law, the paging and post on hong kong. it has wiped out public consent in what was once ranked ages. free is city activists could face a lifetime of prison. let's take a look at some of the other stories making headlines around the world. the jury and donald trump's hush money trial has completed its 1st day of deliberations with outreaching a decision. former us president is accused of concealing payments, made to an adult film actress shortly before the 2016 presidential elections. if found guilty, trump could face up to 4 years in prison. disgrace movie mogul harvey weinstein may face new charges of sexual misconduct. prosecutors in new york told a judge that more people have come forward with assault claims. weinstein is waiting for a re trial in new york. after convictions on rape and sexual assault charges were overturned in april, his 16 year prison sentence for rap

i'm going to be calling in hong kong. thank you very much. we go to south africa now where votes are being counted in what's being called the most important parliament, 3 election since the end of apartheid at stake is the african national congress parties of the 30 year. absolute majority polls indicate that support for the agency has dipped below 50 percent, which means the party might be forced to share power. results are expected within the next several days. as a correspondent diane hawker has been following the election in johannesburg today. she sent us this update as pulling stations closed . boating stations closed at 9 p. m here in south africa. and those who are still in the line all waiting to cost a boat from across the country. we've heard that they are still a number of voting stations with they are hundreds of people waiting to cost a votes. it will be a difficult time for many of them in some parts of the country, the temperatures have already started to drop, such as, yeah, and, and the spread we've, i've, i've had to put on

the 14 guilty verdicts, meanwhile, have a good many in hong kong and outside. but the chinese foreign ministry has he, childhood, international criticism, 215. the weight completely oppose any interference in china is internal affairs by individual countries. on the basis of current legal cases, under any attempts to describe it and undermine the rule of law in hong kong, for quite some time the of the search you want defendants have already pleaded guilty. meaning, oh, but 2 of the 47 people arrested 3 years ago, could face lined in jail or the president of the philippines for denmark as junior will deliver the keynote speech at the start of a meeting on friday, known as the shangri lot dialogue tensions in the south china sea are expected to play a big role. some 3 trillion us dollars, a trade pass through the disputed waters each year. but they've become the sight of escalating tensions between beijing and manila. and the dispute at south china sea filipinos civilian flotilla is shadowed by the chinese coast, gone. its mission to deliver supplies. to the fil

the, the, this is the, the only news live from the day and the guilty verdicts for 14 hong kong pro democracy activists. in a landmark, some version trials will take your life to the chinese territory to find out what this means for the opposition. also on the program, israel sees is control of the buffers between garza and egypt. excessive aims to prevent how not smuggling weapons into the gospel, the move, but also stove attention to ukraine, asks nato members to help protect it's against russian and attacks. look at the wind, this suggestion is printing so comfortable the i feel good and welcome to the program. on comes high cost has found $14.00 pro democracy activists guilty of subversion. they were part of the palm column $47.00 group. it took costs and unofficial primary election in 2021. okay, so i'm charged to the national security of the patient imposed on the territory. it says lifetime public dissenting. what was once run, asia springs, 6, you have to risk putting that face lifetime prison sentence. 2 of the defendants were acquitted. they say they're still concerned as legal proc

let's have a check on how hong kong financials are doing. they are up at the highest level since june 2023 on the backs of the high dividend stocks in hong kong are advancing on chinese regulators' proposal to exempt individual investors from paying dividend sectors on a cities' shares. the hong kong exchange rising as much as a percent. china concession bank up more than six. and china mobile also among the gainers. keeping an eye on chinese property. they are rallying on the back of more china cities easing in terms of the restrictions on property sales. the benchmark is up more than 8% as we speak. still ahead this hour, mcm partner tells us why they are expecting a big election win for india's ruling party and how that could impact the private market space. keep it here with us. this is bloomberg. ♪ ♪♪ ♪♪ ♪♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals haslinda: welcome back. the boe is adding fuel to the speculation of rate cuts. the governor indicating markets are

happy friday in hong kong, shanghai, and change in. yvonne: asian stocks of a strong u.s.events on the fed hold until december. nvidia with a splash of reno wall street while the sec opens the door first but

the verdict is not only like um, like another day in hong kong, but it also read the find a room full of opposition most months with theme. that's the constitution because also it is friday like action such as like all the nice thing. i'm an official primary in order to i'm hoping to kind of paralyze that governments or trying to pressure the government to achieve the mom status seems as like um, criminal in beijing, eyes to be now like unlawful as well. so it's not only like family st coast as now in hong kong, but people buried that even like any actions within the institution, or at that one, it seems as legitimate in the pots could now be a criminal. we leave it there for the moment. phoebe com. thanks so much for joining us today. yeah, in your up nato. foreign ministers are due to meet in prague later today with ministry aid for ukraine. expected to top the agenda us, i can feel safe. anthony blinking has already arrived and the check capital ahead of the informer gathering us in, bucking videography and allies to help you frame print up it's long term forces. i thought you pray

let's take a look at what we are seeing on the hong kong stock gauges. this chart will show you, they are well into overboard territory. i know it looks like a tie-dye shirt. the point is, it makes you wonder how much of this is the fear of missing out. worth considering, when you take a look at the chinese tech valuations, still well below historical averages and that of their global peers. let's take a look at the apple suppliers. a couple that i wanted to highlight including lg. that stock up about 5% today. this is the ninth day of gains. the best winning streak since it was listed. takes about 80% of its revenue from apple. not a bad way to end the week. tom: a check on the asian markets. focus on apple. we continue the details around that story. apple shares jumping in late trading in the u.s. after stronger-than-expected sales last quarter and a forecast for a return to growth in the current time. but iphone maker announcing the largest share buyback in u.s. history. let's get the details from bloomberg intelligence. what surprises are there in th

let's bring in martin yip in hong kong- _ going on here. let's bring in martin yip in hong kong.in martin yip in hong kong. tell us _ going on here. let's bring in martin yip in hong kong. tell us about - going on here. let's bring in martin yip in hong kong. tell us about the scale of the trade relation between europe and china and why china is quite keen to keep that established. well, as hugh hasjust mentioned about_ well, as hugh hasjust mentioned about the — well, as hugh hasjust mentioned about the dumping of electric cars, that is_ about the dumping of electric cars, that is one — about the dumping of electric cars, that is one of the key points between _ that is one of the key points between china and pretty much the whole _ between china and pretty much the whole europe economy, especially when _ whole europe economy, especially when the — whole europe economy, especially when the european union has now brought— when the european union has now brought in— when the european union has now brought in an investigation on whether— brought in an investigation on whether china

now a local hong kong news outlet. so he's papers that the news that they can not cover, but it is so difficult for us to um, cuz the news without being on new ground right in the, in the problems. so it is the major challenge that we wish to if you want to continue to report a news on a phone call without being in home call. that's the major challenge. and what about the why the asian region? is it any easier for janice to do that? jump safely um, freely to um, what uh yeah. ation. i mean i think um doing um um, as a reporter in china own home can we will be quite different clothes in the form of the southeast asian countries like my mind um different countries. so um, so i, i think um, it is like one of the trends that like use rooms they are moving out of the country because of the, the correct number of press freedom because of the surveillance of the government or even the white terra, like a crate and assigned to you oh, in the media industry landscape in like generally news in general. uh like the. busy at the s

hong kong stocks are flight. mainland market investors' first chance to react to a mostly positive outcome from the politburo meeting. progrowth messages and physical monetary support that policy makers will explore do ways to fix the housing crisis. msci 300 climbing as much as 6%. we did get the pboc providing some support for the yuan with its fix, the lowest since the middle of april, but if you look at this, the catch-up that we saw in onshore yuan not fully embracing. now moving back toward 721 for the trajectory of the currency. let's take a look at what we see in equities as well, because we have been keeping a close eye on the equity risk premium or china, and that has been widening versus other peers making a more compelling case for chinese equities. we have seen how earnings have been coming in more resilient reacting to what we get out of the politburo meeting. paul: thanks very much. let's get more on the markets without first guest, aipac strategist. i want to get your thoughts on the rally we are

but we will be bring you more on that in the sentencing a bit later from hong kong.s the war against hamas to continue for at least another seven months. the israeli military says it has established "full operational control" over the philadelphi corridor along the gaza—egypt border, discovering dozens of rocket launchers and at least 20 cross—border smuggling tunnels there so far. israeli troops first moved into rafah several weeks ago, following months of international warnings against entering the area, where more than half of gazans had taken refuge after being displaced by months of fighting elsewhere in the strip. with me is now is mohamed taha, from bbc arabic. just firstly, what's the significance of this buffer zone between gaza and egypt that israel says it's now in control of?— that israel says it's now in control of? that israel says it's now in controlof? , . ., control of? the significance of this area at — control of? the significance of this area at that _ control of? the significance of this area at that this - control of? the significance of this ar

and hong kong court courts has found 14 active this and politicians guilty of subversion. the trial is the largest ever held in the chinese territory under a national security line post by beijing aside, big reports, high security, hong kong for what seemed as lunmark trials. 16 people spending 12 for supervision. women 47 invested in 2020 to 2021. 14 were convicted on to a credit. i would say this case is finished because of the proceedings this going on. i am unable to see too much to bear with me. thank you very much. depends on what are the boundaries of this case? both it i got. thank you and for your concern with the receipt and everyone's not. however, due to department of justice, there is a possibility of an appeal. so i cannot comment on the judgement or express any opinions about this case had to be cut in stage. diplomats from the us from it to the island, attended the trial as well as members of the public. the defendants were charged under a national security though imposed by beijing for taking part in an unofficial primary election organized. but democracy

. >> let's look at that china and hong kong where we see some recovery with hong kong doing better than china. chinese stocks trading in both markets. how are you assessing how appealing they are? >> we think there is still a lot of value in the china names and hong kong stocks as well. i think where we should be cautious are the places with excessive exposure to geopolitics and stick to names that are pretty safe within the domestic area so we are looking at names that have been sold off because of consumer concerns. we expect that to recover so the sectors would like to pick up now is [indiscernible] relative to some of the best known names. we have tencent as one of our topics now. the more conducive regulatory environment towards the gaming space definitely should help tencent along as well. >> a lot would depend on the guidance and earnings. what do you anticipate the numbers to be in the coming quarters? >> if you look at macro concerns, obviously the market will be driven by what is going on with interest rates in the states. we expect the pc numbers which is what the fed will pr

it's the latest in a series of protest involving artworks. hong kong appeals court, a hong kong appeals court has granted the government's request to ban of popular protest song glory to hong kong was often song and the anti government demonstrations in 2019. critics day, the ban further roads, freedom of expression. since paging crack down on the protests, canyon authorities are released to critically endangered antelope into their natural forest habitats. they are a part of a program which breeds mountain bomb goes in captivity. the animals were once common, but were poached for their meats. fewer than a 100. now live in the y antonio. thousands of people are being evicted and their homes demolished as weeks of heavy rain inflict widespread destruction. the government has ordered families living and low lying slum neighborhoods to move to higher ground for their own safety. another country empty. okay, can you flat informal assessments? i've been cleared as part of a government directive. people leaving, besides, 3 of us condemns, have been told to leave their homes, decide that one o

the reason have killed an injured dozens as well as causing wide spread out to hong kong next. where and a landmark case uh, the cities high court has found 14 pro democracy active is guilty of supplies of the activist, part of the so called all 4070. i'm a group for the 2 box. and then unofficial primary election in 2020, they were charged under the national security. no. the virginia post on home phone . it has lifetime public defending multiples. once rank h s v s c t. the activist could face a lifetime in cuz you know, because when phoebe calling has been following the case in hong kong and jars me from the see be good morning. watch as being the immediate reaction to this maddox a while this is the largest national security. this policy facing the 62020 more than a 100 days to finish this trial, and most of the defendants have been changed for more than 3 days since you today. and today the judges amounts as uh, i'm fairly low. but i think that 14 of the defendants heating not q t, and i'll come back to that. so only 2 of them. at the moment i'm the judge says in the state

let's bring in our guest in hong kong. richard harris is a ceo at port shelter investment management. we have the fed narrative in play but nothing is coming in september at the earliest -- until september at the u.s., we have gotten a pretty good flavor of earnings so far supporting the growth narrative. what do you think will be the next catalyst and how much conviction is there in the rally that we are seeing at this point in time, do you think? richard: there is a lot of conviction. if the market seems to have the attitude of eat, drink and be merry for tomorrow we die. we have seen a lot of talk about interest rates falling. they haven't consumer growth has come in, earnings have come in, and markets like that. but then from time to time we are having a bit of bad news. a few more jobless? it doesn't matter, the market is still going up. there is confidence in the market. and there are factors behind that. earnings. liquidity is still very strong. while people are employed, they will continue to spend. annabelle: what

hong kong is about sentiment. hong kong has been a sentiment driven market.arket is repairing its market. in regards to what we see with the market direction and more people are talking about hong kong as a market than they were about six months ago and we really need to see the sustained for those large investors to come back to show interest in the long-term and medium-term things they are seeing a marriage and investing in capital markets and that way. haslinda: earlier you are talking about how japan is looking attractive as well. this is a market seeing a lot of activist activity. i'm just wondering if that changes the landscape for you? >> absolutely. it does in it changes the landscape for all investors looking at japan. there is quite an important set of reforms they came into place in japan beginning of this year that were put in place by the tokyo stock exchange in regards to -- etc. investors now have a dollar they can have with companies that are mandated by the exchange. that's a very powerful tool. and what is forcing them as the dollar between

south korea shut today for a public holiday as is hong kong. japan coming online this morning and we are in the thick of earnings season for japanese companies. lots of different announcements last week and this week. today the focus is very much on the japanese financial companies because we have the likes of mitsubishi and more, all releasing their numbers. nomura also one we are tracking, given he reported earlier this week. a big interview earlier with the head of wholesale banking speaking about the outlook for japan. he sees the japanese yen strength coming back so perhaps a question around whether boj moves with the policy settings. he also sees the 10 year yield exceeding 1%. you see continuing yields ticking higher. we are around levels we have not seen going back to november of last year. equities wise you have optimism but that very much tracks the wall street day given we saw the s&p 500 pushing higher ahead of the u.s. inflation print. haidi: take a look at the day after the budget. the big headline is after back to back surpluses,

that is positive for chinese stocks and, therefore, for hong kong stocks.garfield reynolds leads our markets live coverage of there. thank you. much more ahead on "daybreak: australia." we are also watching oil prices. iraq a few days to iron ore prices in particular after a big month of gains, a bit of downside to end out the week. oil having the biggest weekly drop since february. the demand-side concern continues to weigh. increased speculation that opec+ will prolong output cuts to shore up prices, and supply-demand dynamics playing out. we are headed to the biggest weekly fall for crude since february. trading just near $79 a barrel for new york crude. more ahead them up. this is bloomberg. ♪ tax valara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh annabelle: you're watching "daybreak: australia." the latest on the corporate front. bloomberg has learned that nomura and mizuho financial group are facing more than $100 million of potential losses tied to the field stock trades by all blue capital. source

since beijing launched its cracked down with hong kong following the protests, and also in hong kong crime caught on camera as men would sledgehammers stormed and for watching jewelry shop. the surveillance footage shows masked men crashing the display calendars and a busy shopping district. police say to displays or damage, but nothing was actually stolen as police officers arrived quickly and arrested. the suspects russia has once again attacked 2 cranes, energy grid from the air. a nighttime air alert sounded in large parts of ukraine as russian combat drums and missiles flew over the country. ukrainian authorities, a power generation and distribution facilities, have been attacked in 6 regions, including around the capitol. kiff technicians are working to repair the damage with warnings that could lead it to nationwide. power cuts mosque are also says it has captured 2 ukrainian villages on the front line, staying with ukraine and the miraculous story now of a ukrainian voice fight for survival. after being severely injured in a russian missile attack, romano left have suffered 5

's reputation now for a string of scandals. hong kong appeals court has granted the government's requests to ban of popular protest song. this over turns in earlier ruling glory to hong kong was often sung at mass anti government demonstrations in 2019. critics say the band further roads, freedom of expression since facing launched, it's cracked down on hong kong. following the protests. here in germany, a former mayor of berlin has been injured in an attack at a library social democratic francisco defined now the city's economy minister was head over the head by an assailant wielding a bag containing solid objects. 74 year old man has been arrested a series of recent incidents as feeling fears about the security of politicians and activists in germany. the latest in the eastern city of dress and was caught on camera by a dw crow to see the mood and pain, and then tons, ugly green politicians set upon by 2 bystanders threatening our commer team. and the queen's number is that most spinster rejoined yvonne. most she was running for local office, increased and her party, the greens have bec

really, things seemed a little bit primed for hong kong stocks or chinese stocks looking to ride on hongg's coattails perhaps in the session later this morning. haidi: one of the other things bloomberg intelligence is looking ahead to is the delay to be held in july. it was supposed to be held by the end of last year and any kind of policy cues from that could see the extension of this optimism that we are finally seeing and it is set to focus on economic reforms and address the housing and property market issues that have been a big part of what is weighing on confidence and also looking at the yuan as well across broader asia fx, getting worse bright. we had the member dollar index falling over 1% for three straight sessions, the worst losing streak since december last year and that is really giving a little bit of relief to a lot of asian currencies including mainly the yen but also the yuan. we could see that fixing fireworks, seeing a bit of a delay, given that the central bank, the pboc is likely to take a pretty cautious approach when it comes to how it is setting the yuan, little