kakao has seen $10 million in market cap wiped out in just one day.sues are not just one time issues. even though lawmakers have not legislated or proposed -- to control these companies right now, they will continue and they will be watched. >> let's turn to sophie who is watching those revelatory risks for korean tech. >> take a look at what stocks could position to rise this out at citigroup. analysts think about neighbors being free from risk assets. one reason is the conservative approach which has not seen the company take a direct entry into businesses like mobility, food delivery and logistics which are in the crosshairs for lawmakers. keeping an eye on hyundai motors , helping operations until september 13. sydney stock upgraded to buy after that steep selloff. the bank said it is overdone. china is still robust. in tokyo, we are watching renewable energy stocks after ldp leader hopefuls spoke of the need to restart energy to some degree to meet decarbonization targets. >> will get back to seoul, sydney and tokyo. asian stocks could slip at th

kakao.air trade commission is investigating whether their founder failed to report information. carlyle group is excepting options for package company. that include selling or taking it public. the private equity firm has been interviewing inks for a strategic review in the first half of 2022. it could be evaluated at $6 billion should they choose to sell it or go for an ipo. we got plenty more ahead. this is bloomberg. ♪ rishaad: just to tell you what we got coming up. we will be talking about what is going on with japan and beyond. our guest will join us and is a big fan suggesting that the nikkei to 25 looks white at the moment. looking at india. we will discuss the economic outlook. we got that all-important inflation number. we will be having a look at that. inflation is very much at the forefront when we look at the federal reserve. we got u.s. ppi out as well. we did hear from a variety of people including former u.s. secretary treasury and wall street contributor on the subject. >> t

so they are kakao. their arrival. lg. these are the biggest targets. turnover have been rising to the highest and south korea listings. at the same time, they have been the top buying stocks by retail investors since -- this month. which has inflicted a lot of pain on them because they have been seeing a lot of losses this month. lawmakers in south korea have been forcing crackdowns on these big tech companies for their monopolistic strategies. haidi: is that the only reason or are they company specific reasons, why they are being targeted, as well? >> the short-sellers are betting that these stocks will go further down. obviously going further. the reason behind them is probably the growing crackdown campaigns from lawmakers, from authority, including financial regulators and antitrust regulators. they probably are also betting that the stock will fall further. once a parliamentary hearing start next month. that's in just about two weeks and when lawmakers are likely targeting them and other big tech rivals for their glowing -- growing interests, some