in hong kong. i'm david. this is "bloomberg markets: asia." ♪ david: the security council, imposing new sanctions on north korea, but short of the oil embargo the u.s. was hoping for. hong kong's finance chief warns of renewed properties if the feds surprise them. sentiment among chinese consumers at a two decade high. lots to talk about in the markets. a lot of data coming out in the asia-pacific. we are waiting for the trade numbers out of the philippines. markets in manila are shut down on bad weather, but they will be coming out with trade data. we are getting exports coming through. is your year on year increase in july. expecting.t we were we are now looking at a drop of 3.2%. we were expecting and improvement of 6.5%. let's wait until they do the math. we are expecting a $2.4 billion deficit out of manila. to put this into context, it is one data point. have a look at a broader term picture in manila, 2017 has been a special year, to say the least. massive trade deficit out of manila. that comes down t

on the rise,g kong .7% higher.ipated the currency and focus today, strengthening for an 11th straight day, but the offshore for a second day lower. leadingchinese stocks asian equities, the highest level since december 2007, offsetting the weakness in tokyo and seoul south korea. we have 31 stocks on the up. developers maintaining the advance we saw last friday. a check on chinese carmakers. this after beijing said it is working on a timetable to phase out fossil fuel vehicles. push towards electric vehicles. prada, the stock of dropping as much a 6.8%. isna national materials jumping after announcing plans to merge with china national building material. go, i want to leave you with the onshore yuan. that currency losing ground for a second straight day. another catalyst that could drive the yuan and chinese equities is the report that the pboc is removing forex forward trading rules. that worked when the currency was weak. thank you for those updates. some data from china out of china and out of japan's morning. l

downgrading the rating for hong kong. +ong kong downgraded to aa outlook stable.ion after a few minutes. this is bloomberg. ♪ ♪ haidi: this is "bloomberg markets: asia." david: i david in hong kong. let's get you caught up. oeing has landed a second dreamliner this week. buy th airlines wants to wo, the deal would be worth about $11 billion. help turkish airlines in its goal to be one of the world leading airline destinations. s will be the first european company to produce plug-in cars for the u.s. u.s. electric car sales have been growing four fold this year. >> will bring electric vision to the cuts alisa -- tusculusa plant and we will continue to establish hour battery production in the plants. david: tesla is said to be ready to be making it cheaper model this weekend. versionuction of the 75 real real -- rear wheel drive will be telsa's least expensive vehicle. shares fell 2% but we are of 70% up,ar in 2017 haidi: coming mr. yet joined the show with his latest forecast of japanese currency. he is left with us from tokyo. again after the break. this is bloomb

plus, how trading in hong kong and shanghai gets underway.ll have the session, next. ♪ rishaad: that is victoria harbor. 9:29 here in hong kong. hang seng free market of 2/10 of 1%. monday, gold and the yen. they are still maintaining gains we have seen in recent days, but down to the tensions on the korean peninsula -- later this week, trade data. well.erves as reserve bank of australia, and the current accounts for the second quarter in australia as well. haidi: that's right. as the world focuses on the tensionscal situation, on the korean peninsula amid reports from intel in seoul saying north korea is preparing for another icbm launch, it is still a full macro and central-bank calendar. the r.b.i. -- rba out later today. -- the record low is stuck between a rock and a hard place. another tidbit of data here in australia for the rba. paul: the current account tightening now. $9.6 billion deficit for the second quarter. a bit of a mess. we were expecting 7.5 ilion dollar deficit. a bit of a blowout on the first quarter, almost three times t

we are 30 minutes away from the opening in china and hong kong, but singapore, hong kong, and malaysia. does it feel like we are paying more attention? we are talking about fx and iron or or metals. it could be more bearishness in sentiment these days. >> it looks like jaded investors might be shaken out of their indifference because this time i feel just a little bit different given the latest round of rhetoric between d.c. and pyongyang. it is looking bearish. you have stocks in korea and tokyo leading the drop in the equity space. the kospi falling for a sixth- straight session. we do have the yen holding below that 112 level, trading at 111.62. we are seeing gold on the back foot, but remaining above the 1300 level after climbing back above that overnight. we have the dollar holding near a three-week high, gaining the most against the kiwi, which is fighting .3%, extending the drop. the offshore yuan is trading a one-month low. reduced demand. we have the aussie losing just a little bit of ground here. saying aussie is looking to strong given the economic that drop. falling .4%.on

coming up, going digital in hong kong.head, this is bloomberg. ♪ ♪ this is bloomberg markets: asia. the richest men and asia's forcesest person joining in hong kong. this will allow you to make and store payments and 4000 retail how that. stephen engle is with me. what do we know about this? just ahead of the interview, i got word that he was meeting jack in this building. he owns it. of course, that is what they were hashing out. i am assuming. this deal is being discussed at that meeting last month. sure enough this is what they announced. they are teaming up with sharing who has a retail presence. -- he is teaming up with li ka-shing. last year, he granted licenses to operators to these versions of mobile wallace. fruit from that granting of a license. >> staying with this, jack ma has been moving to the logistic side of things. he has more control. retail, they are having this new retail concepts. alibaba has always been about providing a platform for others to do business. now they are doing to logistics themselves an

hong kong has clearly opened for trading. sophie: the big show this morning was that trump trade back online, that has tapered as we kick off what is going on in the morning session here. take a look at -- standby climbing for a third day as well in hong kong. let's keep an eye on property stocks in hong kong. the hong kong dollar-ish extending gains for a third session as well. this morning we did get this weaker at six but 82.5. falling about a 10th of a percent in the wake of that. as we prepare for the final stretch of 2017, investors are anticipating a quieter and final quarter for chinese stocks. officials keep a lid on volatility. this chart shows you that price to links -- tweaks have not been this quiet in 25 years. bloomberg poll puts it at 3300 64 points by year end. that is a slight gain from where we are now. very quiet on the chinese equity front there. earlier we showed you what is happening with the debut, putting up the board to show you that stock. 60, 60 pitch k. --60, 60 pitch k. seen as a risk for retaile

looking forward to a negative day in hong kong.outh korea trading for a bit now come and this is what we have at the moment. it is a listless session. losses .3% with minor for the dollar against the yen. up next, treasuries getting a boost after fed speak. ♪ rishaad: there we go. hong kong: 9:20 nine a yang nearly the start of the session. it is all about korea, plus yen new theons, the strongest level we have seen this year, treasury yields have not been this low since election ecb's marioump, draghi in focus thursday, u.s. durable goods figures, and china trade numbers as well, all to look for two as our figures from of stats in australia, gdp nearly upon us. haidi: we are expecting to see a pickup when it comes to austrian growth. that story with data coming out of china. we know the other side of that as we look ahead to those china trade numbers. cpi, ppi out this weekend as well. a big week when it comes to central-bank decisions. dryrba keeping their powder , waiting to see if this data really supports any story of tighteni

♪ nine d: km in hong kong, 9:00 thursday night in new york city. kong, 9:00.n hong thursday night in new york city. president xi jinping tightens his grip on power. profits soaring 1600% in the first half. haidi: i am haidi lun in sydney. deadlock in brussels, brexit talks wrap up with the u.k. being accused of failing to accept financial obligations. this is "bloomberg markets: asia." ♪ rishaad: we are talking about gaming. back,maccallum has come the recovery continuing -- macau has come back, the recovery continuing despite the typhoons that have hit that territory. reportulator planning to dated this month according to the gaming inspection and coordination bureau website. there we have it. getting a lift in profits as well. wynn the favorite to maintain that. what else have we got? to those casino companies. we will talk more about that the recovery is set to continue given that it has been driving the growth we have seen. data out of south korea after the boj holding rates steady at ..2 percent we did have inflation bit, anding a little also looking ahea

yvonne: i'm yvonne man in hong kong.rds when it comes to women on corporate boards, progress is lagging. most of the richest men in china, japan, south korea run companies with few or even no female board members, especially in the tech industry. now is susan, ceo of women corporate directors foundation, a florida-based group with members who said on more than 8000 boards worldwide. thank you so much for joining us and welcomed the hong kong. what is going on in asia? why are we so behind? look at all the corporations in asia. most big names like alibaba, i think that is the only company that has a woman on the board. we are seeing solid growth in the region, financial markets maturing, why are we still so behind on this? susan: we have to compete with everyone everywhere for anything. what directors have to do is to reach out and try to find talent in areas they want to expand into, not just go back to people they like to play cards with. yvonne: how much of it comes down to the asian culture of the family where women h

andrew monahan in hong kong.seemingly won the race for toshibas memory chip unit, take this on in three years. toshiba finally agreed to sell includes group that also apple and dell. our asia tech reporter has the latest. how important is a potential ipo? reporter: good morning. it will be very important for bain. there are a lot of factors in this game, but for bain, there is definitely an exit as an ipo which would be a very good outcome. au have to remember that for company to list in japan it has to have at least two years of operational results, so we are looking at 2020 or later. if the markets hold up in the same shape they are right now, it could be very profitable for .ain its also an opportunity for toshiba to raise extra capital, but before they come to an ideal, there's a lot of capital expenditure ahead of it, and the money will have to come from the banks and state-based funds. for the rest of the group, companies like apple, dell, and the gate -- seagate, kids more strategic. they are likely not in

a very good morning, from hong kong.expecting president trump try and rally the world behind him. does he get the support he needs, especially from china and russia? thomas: apparently, he is getting more support from china. i just noticed that both president trump and president xi jinping of china has agreed to put maximum pressure on north korea, through the sanctions. china only implies the un's sanctions -- applies the un's sanctions area i think it is the significant statement -- applies its own sanctions -- it's only unilateral sanctions along with the un's sanctions. having come from the financial sector, it is almost like years ago, when the chinese government was trying to get its arms around to control the shadow that. >> -- banking system is it too early -- the shadow banking system. david: is it too early to talk about this, tougher sanctions have been in place for a year, do we need time to make these tougher sanctions cymer and see what comes off it? guest: it will take some time for these sanctions to take

hong kong most notable among them.00 mark, as we hear that a lot of these big chinese cities are reinforcing some tightening measures as part of this nationwide tightening of the very hot property sector. i definitely want to talk about what we have been seeing on the heels of that german and new zealand election. the politics driving the kiwi and the euro modestly weaker to the u.s. dollar. i want to talk about the yen. it is at 112. weaker ahead of more politics, sheen joe abe speech is expected to announce a stimulus package to help trigger growth in the economy. it is also expected that he is going to call a snap election officially. anyway, that is really what is helping support nikkei to 25 to see gains of 6/10 of 1%. that weaker yen. yuan is that spot 95. advancing the most in two weeks. as we felt that new -- those north korean tensions baiting. certainly offset by south korean exporters selling dollars ahead of that ten-day national holiday. way, we have got trump's new travel ban, it will include north korea

stocks leading the drop in hong kong.ormer when it comes to the hong kong session. now let's move to the shanghai composite. .1%, utilities, energy helping that benchmark move higher. consumer staples under pressure. as for the insurance regulator, that party getting shut down. let's look at the small-cap index. this is 1928. this index has been riding the yuan strength. there could be more room to run for the small caps. local traders have built the biggest leverage since december. you can see that with the white line on this chart demonstrating a larger appetite for risk. large caps in the spot light for the first half of the year, now small caps are starting to shine. pulling up the board to show you some auto stocks in focus. wall motorsat falling. they brace for the impact of hurricane her my their sales in affected regions. 20% of sales in florida. and it comes to whether offense, the knock on effect elsewhere. david: we could see that show up across equity prices. thank you for that. firstget you caught up on word

bring in got in hong kong. -- scott in hong kong. >> it is not only the lackluster demand that we mightyou new smartphones -- the new smartphones. you combine that with signs that slow again.rting to it looks like it will decelerate again this quarter. economists expect that next quarter. you have monetary tightening starting to take off in some of the developed economies. factorn the additional that those effects will start to come through. the week figures will start to fade away because we have this strong performance. some of the readings -- impact is much of an that having for this region #-- region? we did not get a concrete number on it. a very from economy to economy. there has been very strong this year. newman sachs has got a trucker out. they look at some of the early reporting at our numbers from biggest economies -- big economies. they definitely point to a deceleration in august from what we have seen. tradeimports into asian is a big deal. betty: we are in the middle of this. there are some reasons. it is not all negative. there are reasons for optimism. >> we still have

in hong kong.his is "bloomberg markets: asia." ♪ asia extending the global stock rally, the yen weakens while oil gets a bump from talk of potential output cuts. apple's asiang suppliers after the launch of the most important upgrade in years. killing the buzz, why china's electric car pushed may be short-circuited by over exuberant investors. we will be tracking these carmakers when markets open later on. suffice to say some of these names have in did up substantially. up substantially. we will look at how it will take over on the chinese mainland. let me recap the data overnight. it is still very important. inflation out of the u.k.. have a look at my bloomberg chart. a bit of a conundrum ahead of that meeting on thursday. that is youris core inflation, 2.7%. that takes you back to 2011. fact of this driven by the the currency has been hammered so much following brexit. we are climbing back up. we are not even at the midpoint. bloomberg intelligence ran to it numbers and are saying will probably

friday in hong kong. outside of the harbor this morning. 30 minutes away from asia's first major market open. kathleen: i love those gray clouds. it is 7:30 p.m. thursday here in new york. evening has set in, look at the empire state building. and blue, white turning to green. i am kathleen hays in new york. yvonne: i am yvonne man in hong kong. you're watching "daybreak asia." >> first up, the nikkei news says president xi is trying to talk china's anticorruption chief out of resigning. it said he has expressed a desire to step down and next month's communist congress meeting. members aged 68 or older usually retire. he has led resident xi's anticorruption drive since 2013. president trump has ordered new sanctions on north korea, targeting individuals, companies and banks that do business with pyongyang. he met south korean president moon jae-in and japanese prime minister shinzo abe to step up the pressure. it also bans any ship that visits north america from north korea from american ports. ukip prime

hong kong shares gaining .5%. we have a note from nomura saying chinese and hong kong stocks have upside in the second half given the gains thus far. f nomura o chinese are research saying they still have room to run. that gives more impetus for stocks on the mainland as well as hong kong. fix,it comes to the yuan you might hear the howls of pain , strengthening the reference rate for a ninth straight day, the longest run since 2011. you have the offshore rate back of that. the i want to highlight the aussie dollar as well. it is easing some of the drop we saw on the back of that miss from the data that all just outlined. .t is back below $.80 it has had some tough time holding that mark here in shanghai, the benchmark set to snap a four day rally. telcos and material stocks leading the drop. ofn it comes to the breath the rally, there is some good news for chinese equity bulls. 74% of shares are trading above their 50 day moving average, indicating a broad-based support for that rally. this line shows you the per

in hong kong.ur top story, north korea launching another missile over japan four days after tougher sanctions. washington calling on china and russia to take action. and markets,sponse 1.10.r-yen above our global disruptors series, alibaba founder jack ma, his plan for international expansion. this is "bloomberg markets: asia." ♪ we thought it was going to be a quiet friday. i would not say there is a lot someise, but there is movement into safe havens. dollar-yen outflows coming through. ind is up, a move down -swissie. suisse on theedit japanese markets and how they are changing their outlook there on japanese equities. , 4055,look at my chart very straightforward. credit suisse is saying if you look at the headwinds facing japan, whether uncertain boj policy, a diminished case for a weaker currency, strengthening since the summer, and we've been 1.10, a flatlining in the markets. you take those two things together and look that the buybacks are tracking lower compared to last year, so it is benc

good to see you, welcome to hong kong.ht to the question, we've been talking about this for much of this year, low volatility, where does it go in the next couple of months or so? yet you're seeing quite a bit of trading by. what is driving that right now? there is a tremendous amount of uncertainty in the geopolitical regime. cme group is very proud of having a wide array of diverse asset classes to respond to that uncertainty. currencies, metal, providing the tools our clients need to manage these risks during uncertain times. yvonne: will we see any pickup in volatility in the next few months? bryan: it's hard to predict over the next couple of months. it's an area of focus of growth in our company. yvonne: what are your ambitions for cme group outside of the u.s.? he told people to use more of the electronic platform? what about in asia? bryan: i'm here to celebrate our 30th anniversary here in asia. after this visit today i will be in tokyo celebrating our first office in asia. asia represents a tremendous area of gro

is just giving an occasional shout of the tension between the two who is there in thirty five hong kong that's still quite warm fourteen fuji's really quite surprising that will come down i suspect of the next day or so to run about where it should be about thirty one mark and then as the line of rain that was through shanghai stretching back to us to sichuan generally and again the potential for rain in that line is quite heavy it's heading slowly size but it's moving to slow enough that significant rain will fall. russian filmmaker andrina christoph explores had russia impacts the very values of the nation the russians are famous of a cultural legacy but can tradition and conservative be the source of stagnation and authoritarian why was i was the assume aided by the police but you issues ukraine's homosexuality the significance of book into the russian elite is that he was like a fake you who controls the cobra in such a putin's russia at this time on al-jazeera. turkey's president. is warning of the risk of ethnic war the day after kurds in iraq. referendum holding military exercise

well the most ill to come for you here on al-jazeera including this one organizes a hong kong twenty four team democracy protests appear in court once again. i just want to make sure all of our audience is on the same page where they're online and want to produce to us citizens here and what puts people of iraq the one in the same or if you join us on say i was never put a file been looked at differently because i'm dr going all the people but i'm the one this is a dialogue tweet us with hash tag into a stream and one of their pitches might make the next show join the global conversation at this time on al-jazeera. welcome back you're watching al jazeera live from doha a reminder of the headlines so far ahead of me and as government on sun suchi has addressed the plight of the country's revenging muslims in her first national speech on the crisis. to bring peace to the state of rakhine but refuse to criticize the military in many ranger have accused of rape murder and burning their villages. once again the caribbean islands are getting pummeled by another category five storm forecast

this is the top—selling english—language paper of record in hong kong.ang, wearing that distinctive bow tie that he is often wearing. he is smiling a bit more, seated in a car next to his wife, selina, of many years. another headline — donald tsang denies graft charge at high court trial. and the jury is composed of five women and four men. and that's the latest, rico. i'll be certainly watching this trial and reporting back to you. in south korea, the military has been prosecuting gay soldiers under an old law which bans homosexual activity in the army. campaigners have called it a ‘witch hunt‘, while the military has defended its actions, saying they are aimed at protecting the wholesomeness of the army. one of the soldiers being prosecuted has spoken to the bbc. his identity has been concealed for his protection. do i have to live as a criminal because i'm gay? this law exists to kill homosexuals. i was really embarrassed. the investigator came to me, all of a sudden, and began to ask which soldiers i met, and what i did with them. they took my phone

thursday in hong kong.europe, came back to summer. 30 minutes away from asia's first major market open. betty: looks gorgeous there. 7:30 p.m. wednesday in new york, holding onto the remnants of our summer. markets closed slightly higher. a mixed session. we saw the markets selloff after the fed announcement. i am betty lou in new york. yvonne: i am yvonne man in hong kong. you're watching "daybreak asia." let's get the first word news. >> the fed has announced the beginning of the end of an era, saying it will start to shrink its a giant balance sheet next month. the fomc left rates unchanged, but said policy makers still expect another hike before the end of the year. janet yellen continues to see the economy strengthening with a healthy labor market and rising inflation, but admitted that cpi undershoot is a mystery. >> for quite some time, inflation has been below the committee's 2% longer run objective. inbelieve that the shortfall inflation reflects developments that are largely unrelated to broader e

ferries navigating hong kong's harbour under a blanket of severe pollution. smog. you can barely see anything. that brings you up to date with the papers. while he was talking about new sanctions on north korea today, us president donald trump was also meeting the malaysian prime minister najib razak. the meeting focused on security and investments and steered clear of an american investigation into a malaysian corruption scandal. i asked mr najib's former political secretary about that omission. i think the proverbial light elephant indeed did not materialise in the conversations between mist najib and president trump. i think that has mainly to do with the attitude of the new administration, namely to really delineate clearly between what is, for example, politically and economically expedient versus the finer details, the niceties in international investigations. i think, for example, president trump would be indeed more interested in discussing some of the economic corporation possibilities rather than delving into some of these investigative details. ind

you recently sold hong kong base units. why sell that unit now?that to investors including jack ma so why now? roger: we held that business for 16 or 17 years and we see tremendous opportunities, but scale really matters and technology buildin really mattes. we are taking a stake in the company buying the majority of the unit. we will continue to have equity interest and are excited about what management opportunities there. by adding insurance into the wealth platform, we think there's great growth opportunities ahead. shery: you might be doing more business in the future. roger: we hope so yes. shery: is there a way to capitalize on asia's growth but not an assailant having to do with the operations given the unique market? roger: we have been there since 1999 so we have been dealing with it. the growth opportunities are big. the whole alibaba ecosystem has com tremendous technical capabilities and we are excited to be partnering with them. vonnie: pension risk transfer deals -- a big deal for massmutual. i don't want to name names, but major co

ferries navigating hong kong's harbour under a blanket of severe pollution. up—to—date with the papers. apple is hoping that its latest smartphone design will allow it to continue the huge success of the iphone by pushing technology to a new level. the iphone x features a facial recognition id system and advanced augmented reality. but at a time when customers are growing reluctant to upgrade their phones so regularly, this latest handset is apple's most expensive yet, as our technology correspondent, rory cellan—jones, reports. it's the world's most valuable company and its vast new headquarters speaks of its ambitions to grow even richer. and in the stevejobs theatre, named after its founder, apple unveiled the latest versions of the device which has made it so wealthy. we have huge iphone news for you today. two iphone 8 models will look like modest upgrades to all but dedicated apple fans, but a decade after the first version, it's the iphone x which is meant to showcase how far the device has come. the standout feature is face recognition technology, all

in hong kong, up 48 points.ke a slightly higher bank of china, china mobile, all seeing a decent bid. between as far as constituents on the hang seng index. iron ore still in the next. -- the mix. have a look at our bloomberg chart 2020 on your terminal. hand-in-hand they go. we also have the risk reversal, aussie a bottom. went to talkgavin about the metals space. we have seen a massive run-up since april-may. how far does this fall, or is a story? buy the dip bears in control at the moment. opene moment, getting the in shanghai, hong kong, shenzhen, and manila. here is sophie. seng,: check out the hang bright spot, up .2%. resuming gains for a third session in four. chinese large cap flatlining. sticking around that level. we have the yuan weakening by the most since september 12. surprise markets last week with a string of weaker fixing, indicating that regulators are trying to camp appreciation for the yuan. want to pull up some stocks to show you. speculation china plans to liberalize the market. and aic mo

economist china coming to us from hong kong.ng to end the sale of cars powered by fossil fuels. we will look at the winners and inevitable losers next. this is bloomberg. ♪ ♪ this is "bloomberg markets: asia." i am betty liu in new york. >> i am haidi lun in sydney. china will set a deadline for automakers to in sales of vehicles powered by fossil fuels and become the biggest market today to do so. it is on a timetable to in production and sales. tom mackenzie has been tracking this story. what are the implications for china's car market? tom: it further justifies the bets that the likes of warren buffett on the ev sector and others who are invested in electric vehicles your we have seen there are subsidies in place and a push to focus on electric vehicles. to phasehis decision out gasoline and diesel cars by a certain period solidifies that and puts a foundation under that bush. we have not got a date yet. we know that france and the u.k. have said they will face out -- phase out these autos, the netherlands and norway with a t

i am yvonne man in hong kong.: i am betty liu in new york. jim chanos was on earlier with us at bloomberg television, talked about many things, including his bearish views on china, which he has had for many years. let's listen in. >> people have taken china off their front -- watchlist. they are thinking all is calm and have postponed the problems a lot of people now see. we are not the only ones anymore. i will say, there are a couple warning signs. industrial metals prices the world over, the peaked this summer. iron ore in steel are down substantially. the country has yet again hit the brakes in residential real estate. they put in home purchase restrictions and a number of cities. he keeps rolling and expanding that, trying to cool off the real estate market. again, to refresh your memory, this is a government the keeps hitting the brakes and then the accelerator alternately on the credit expansion and real estate markets. it looks like they are starting to tap the brakes again. >> the rollover in industrial

angie: i am angie lau and hong kong.ng could be more dangerous and the economy today than it was 10 years ago, a view of our next guest, chairman of the economic and development review committee at the oecd. william, you are putting the warning flag up. what are we missing, or are we just staring at it and ignoring it? >> i think the situation looks to me to be very similar to the way it looked in 2008. we were seeing all sorts of audit developments in financial markets, prices of many financial assets are very high. high-yield assets in particular. vix isis very low -- the low, housing prices in many countries rising strongly. all of these are things which i think are sources of concern. angie: i would like to highlight what you are talking about. g #btv 5692. what is fueling the markets? debt, cheap money, right? take a look at the biggest economies in asia, china and india. we always talk about the huge debt pile in china which could be a concern if it pops. but take a look at india's bad loan ratio compared to its to

i'm is on man in hong kong. kathleen: -- i'm yvonne man in hong kong.ork. and air traffic control software problem has now been fixed. the glitch grounded flights in and out. domestic services at all airlines were heavily hit on a day of heavy air travel. the euro fell against the dollar after the german election results. chancellor angela merkel's party came out on top but now faces tough coalition talks after the current party rolled out a deal. the process could take weeks. the anti-immigrant afd 113% of vote.te -- won 13% of the >> a major new challenge is in front of us, namely the fact that the afd has entered the federal parliament. we shall certainly analyze this very closely and in-depth because we want to gain back those voters of the afd by solving their problems, by giving them solutions, and certainly by good politics. the kiwi also fell after results in new zealand. prime minister bill english's seats.ne 50 expected to talk to the anti-immigration new zealand first party. discussions could drag on for weeks. president trump has ordered new

andy lee coming to us from hong kong.president trump pledging what he calls america's commitment to japan after north korea's nuclear tests. let's bring in handy sharp for us. what does president trump in by commitment? --it is a sickly the nuclear is basically the nuclear umbrella. a commitment to protect japan against potential attacks. it is interesting because we spoke to a guest earlier on who said when push comes to shove, one questions whether washington would be willing to risk potentially nuclear attacks on the mainland u.s. in exchange for defending allies in this part of the region. >> absolutely. we don't know. deterrent that north korea has is so strong now that i don't think any military attack on north korea is seriously being discussed, but they keep on saying that all options are on the table. callad: japan joining the on an emergency meeting of the un security council. what does tokyo one more specifically -- want more specifically? japan, trump and times, whatken four japan appears to want is an embargo

kong.e is the aci index. you can see almost every industry group is lower apart from financials, which are trading more for materials and underperforming. we are seeing weakness in metals prices in iron ore. we are at 7930. we saw this dropped 1.3% yesterday's clothes. that was the biggest drop since may for the aussie dollar. it is pretty flat today. it is more down to dollar anything to do with the aussie. it may test the 50 day moving average. it has dropped below that 50 day moving average now. iron or in yellow. a weaker aussie on iron or on a dovish rba and any impact from the fed and stronger dollar before today. speaking of the dollar, dollar-yen, we are around the 111 handle, seeing the dollar weaker against the yen for the first time in six sessions. it is two months risk reversals. have seen is, we yes, the bets against the dollar gains versus the yen have been going up somewhat. this is still very much positioning there is dollar and even more so in today's session. certainly if

tuesday in hong kong. a pretty cloudy look outside the city.e another day of thunderstorms it seems. 30 minutes with from asia's first major market opens, betty. weather not looking that great. beautiful. almost fell like some are in new york. labor day holiday in new york. s&p futures down .1%. a little bit off of the lows of the session on this labor day holiday. we'll see the market reaction when the markets open tomorrow. i am betty liu in new york. man in and i am yvonne seoul. you're watching "daybreak asia." haslinda amin. the u.s. ambassador to the u.n. says north korea is begging for war with the latest nuclear test. nikki haley calls for the strongest possible sanctions in kim jong-un's regime, telling wants a september 11 road on new measures. president trump spoke i phone with his south korean counterpart, moon jae-in, agreeing to pressure the north with all mean that it disposal. >> the stakes could not be higher. the urgency is now. 24 years of half measures and failed talks is enough. haslinda: the chinese and mexican presidents

his drama was invaded yeah the japanese took hong kong on the day after they took pearl harbor and i did not know that it was canadian soldiers that were tasked with defending hong kong and and yeah so it's it's very early on was them a british land. and and churchill was focused on the war in europe and so had asked for canada to yeah to take care of hong kong and so on and it wasn't under threat of japan when we got attacked and then take it and then and then and then that was sort of during the same era around the rape of nanking and the whole awful time and and yeah there were canadians front and center in the middle fighting this battle trying to defend this tiny ruse with declared war december eighth did to canada declare canada declared war in one nine hundred thirty nine canada cleared war we're the second kind or second or third country to declare war in nazi germany when they invaded poland. and that's something that i come from a military family my my mum six of eight kids all grew up on army bases my granddad a lot of my own cause my cousins all soldiers and we're very pr

analysts consider lowering hong kong's rating by a notch as a natural step the ratings agency added that hong kong itself is very strong financially but it has to tackle various problems such as sky high property prices . apple's latest i phone hits the shelves today the i phone eight boasts a new display and while it's charging among other features excitement is high as usual but some apple fans are having qualms about the new release it's become a familiar scene a new i phone and long lines outside of apple stores worldwide to greet it today it's the i phone eight buyers in australia and asia awoke early on friday to get the latest model in their hands new features include a faster processor a retina h.d. screen and wireless charging plus version offers more features not everyone is sold other smartphones already offer similar features and some say the improvements do not merit the price tag it's not much of an upgrade it's more it should in my opinion should have been cordoned a issue to being called a seven s i phone some i phone fans may be distracted by the coming i phone ten

still to come here on al-jazeera organizes a hong kong's twenty fourteen democracy process to appear in court once again. hello there we've had plenty of showers over the southeast in parts of asia recently the satellite picture is showing some particularly lively he ones over the southern parts of vietnam and there stretching down towards the southwest more very heavy rains in this region as we head through the next few days generally speaking though in the southeast where you find the brighter weather so for the southern parts of borneo through job and into bali that should be plenty of dry weather although the clouds are gathering a little bit in the western parts of java there for thursday so you might just catch a shower in jakarta but further south and there's a fair amount of cloud here drifting its way slowly towards the east not bringing us massive amounts of rain but a few breaks here and there it is also dragging down the temperatures so here comes that cloud then on wednesday ahead of it bit of sunshine twenty two degrees there in adelaide but then the system sweeps its w

in hong kong. i'm david.ets: asia." ♪ david: the security council, imposing new sanctions on north korea, but short of the oil embargo the u.s. was hoping for. hong kong's finance chief warns of renewed properties if the feds surprise them. sentiment among

hong kong is too close to china. switzerland, india, the philippines. the world is a large place., the mcafee antivirus company, and bloomberg's stephen engle. the u.s. international trade commission has determined cheap imports are hurting solar manufacturers. it could increase crisis and cut demand. some analysts say imposing tariffs could cost u.s. taxpayers about $1.2 billion. coming up, have you been dying to get shake shack and chipotle delivered directly to your home? amazon is trying to make that a reality, next. this is bloomberg. ♪ emily: a story we will be monitoring. google has less than a week to meet a european union deadline in an antitrust case. the company has been ordered to stop illegal conduct in search. says ife vestager comparative search engines are unhappy, they will start investigating. google already faces a record fine. amazon may be bringing chipotle and shake shack to your door. the e-commerce giant has been trying to get into the food delivery business for a decade. now amazon has teamed up with a company that provides digital orders and pay technolog

standard and poor's have slashed hong kong's top notch credit rating just a day after knowing china's the ratings agency said the semi autonomous city has very strong institutional political links with china s. and p. warned hong kong could face spillover risks because of the mainland nooning debt load and that's why many analysts consider lowering hong kong's rating by a notch as a natural step the ratings agency added that hong kong itself is very strong financially but it has to tackle various problems such as the sky high property prices. and amrita has your sports news now thank you had in the mood to see you guys back tonight were defending champions vine hosting the wolves have had a false start of the season and fact their coach earlier this week but by and haven't exactly been on a roll of. it might be fast but all is not well it by and rumblings of discontent from some of the club's big names have left coach carlo ancelotti having to put a brave face on things. live and is one who has spoken out criticising byron summer signings. he should be happier on friday played the sam

well joining us now via skype from hong kong is joseph chang americas professor of political science at the chinese university of hong kong is also the founding president of the asian studies association of hong kong good to have you with us so what do you make of this latest move then by china will it make any difference. well china of one of the demonstrators is support of the world community's petition to push through any north korea from continuing holding nuclear carriers and not on perm long range missile tests if barry or spill ations were in the united states and it wants to show cooperation with the united states and therefore if it is willing to give is thought through both of you need you know you and security council to impose sanctions on north korea but at the same time it doesn't want to ruin the north korean economy it also understands. economic sanctions alone you will not be able to push on to give up is nuclear program and the long range missile programs as you can see china will continue to supply for all of both crude oil and the fine oil products to not korea ro

that is the market snapshot as we had for the day here in hong kong.s "bloomberg technology." i am emily chang. in a bid to expand its a sluggish user base, twitter is testing out a big change, having to do with its famous 140-character limit. in a statement, the company explained, "we want every person in the world to be able to express themselves on twitter, so we are doing something new, we will try out a longer limit -- 180 characters." we're now joined by selina wang and still with me in new york, david kirkpatrick. a limited test with a small number of users. how is this going to work? selina: with a small percentage of users globally, they will let them use up to 280 characters, twice as much as the current 140 characters allowed. this is a big deal. a lot of heavy twitter users see the 140-character limit as the defining characteristic of the platform. i've been monitoring twitter very closely and there is already a lot of backlash, a lot of emotional response to this change. people saying this might have an impact on the brevity, the concise n

china, hong kong, hong kong. is that typical? >> that is absolutely typical. all of our seizures have come from hong kong, and china this year. >> you also have where it's going to. are there particular areas of the country where a lot of this is headed? >> that's the interesting part, tony, it's everywhere. it's going absolutely everywhere. >> reporter: moments after we left the room, a discovery. >> one table away. a fresh seizure happened. 35grams of fentanyl. we can't show it unlike these packages, those packages may still go out as part of an investigation. >> 81 pounds in the fiscal year that ends this week. >>> a loophole is preventing the legal sale of marijuana in the district. for instance, a t-shirt that costs $45, or a baseball cap that goes for $50, comes with a free gift. a small amount of pot. it's legal to consume marijuana in the city, but illegal to buy or sell it. that has resulted in a thriving business of sellers using that so-called gifting loophole. so far, the city and police are are looking the other way. >>> that's not why i have all

taking hong kong rates the shine off of a red-hot property stocks.t, asarket we had to the nikkei session hong kong. ♪ toly: welcome back "bloomberg technology." i'm emily chang. alphabet's nest is known for its and other devices that can be used from the phone. it's rolling out new device is with a slew of bells and whistles. mark gurman got his hands on some of the new devices. mark g.: this is product launch number three for 2018. -- for 2017 for alphabet's nest. after introducing a cheaper thermostat and security camera, they are taking on the whole of the home security system with four new products. the first is a doorbell called nest hello. the device uses your existing doorbell system but at the camera's you can record who is at your front door. it has also come out with a digital doorlock. it may not have much unique functionality, but it looks like a nest product with its sleek design and connectivity with other nest devices. number a new outdoor security three, camera that can withstand weather and stream video to your phone. the most signi

kong.tes from the bank of japan show several board members losing confidence about inflation. one said it makes it difficult to normalize monetary policy while another one said 2% should be regarded as a long-term goal not necessarily achievable by 2019. however, almost all the members agreed reaching 2% is vital for japan. the bank of greece plans to start stress tests for the country's four lenders in late february to determine if they'll need fresh capital before the end of the greek bail out program. we're told banks have been asked to send information and results of the tests may be ready by early may. cutting bad loans has become a pressing issue as greece prepares for the post bail out era next august. the latest republican bills that repeal and replace much of obama care is dead. susan collins became the third gop senator to say she would vote against it despite tweets to a so-called graham-cassidy bill funneling money to states with holdout senators including maine. it's the latest