the hong kong chief executive — boss, really, of the authorities in hong kong —john lee, he said thatere "going to be pursued to the ends of the earth. "people should avoid them like street rats." do you think that sort of terminology best represents the mindset of those in power in hong kong? well, in common law, anyone that has violated an indictable criminal offence is going to be pursued for life. sure. do you see people like nathan law as street rats? i think he should be pursued for life... do you see him as a street rat, mr lee? do you see the activists, the pro—democracy activists who have been forced to leave hong kong, as nothing more than street rats? i think what he'd done... the thing about, like, what nathan law did is against the law, in my view, 0k? if he takes the responsibility, he comes back to hong kong and go for a fair trial, then i would respect his honesty. but the thing is, right now, he has absconded hong kong and decided to not go through this fair trial. and i think that reflects on the ethnic performance of him. yeah, i guess everybody will notice that you

, the stability of hong kong?g, is a good place to do business, where people like to travel to do their tourism. that still remains, and hong kongers care about that. well, first of all, the hong kong economy is going downhill and that's why a lot of people left, especially those expats. and secondly... not as many left as you thought would. and, secondly, the most important thing in hong kong is definitely a just and a fair social system, including our political system. millions of hong kong people are marching down the streets, and you cannot omit the fact that they've done so much to make their voice heard, just for a better and just political system, and you cannot say that, "oh, because the demands were not met "so that they abolish what they wanted." things don't happen that way. they still have that determination, but it's just the environment is so closed and whenever they speak up, they got persecuted. they were thrown to jail for years. so that it's seemingly like it's not going to be as vocal as before,

claudia: i was born and brought up in hong kong and i'm a hong kong person. bill: beijing's security services are firmly in control here now, watching, listening. many hong kongers don't dare say what they really think. one outsider still prepared to share his observations is australian lawyer and author, antony dapiran. antony dapiran: i'm a commentator and an analyst and a writer, but i don't think that anything that i do breaches the national security law. bill: he's lived here for 16 years and, before that, in beijing, chronicling the uprising and the politics of his adopted home. antony: there's a very strong sense, really, across an entire generation of hong kongers, that this is--this is their fight, it's a fight that they strongly believe in. and i'm not sure that just jailing the key leaders or even the threat of jail for people who continue to participate will be enough to entirely dissuade them, and it certainly won't win over their hearts and minds. bill: do you think the chinese government would want there to be an exodus of pro-democracy types?

chinese and hong kong people. _ need to keep speaking out. simon, lord ricketts and _ need to keep speaking out. simon, lord ricketts and bob _ need to keep speaking out. simon, lord ricketts and bob seely, i need to keep speaking out. simon, lord ricketts and bob seely, thankj lord ricketts and bob seely, thank you very much. the backlash against what is known as ultra—processed foods is everywhere. health charities say this approach to mass food production is responsible for populaion—wide ill health, obesity and heart disease. two studies presented at a scientific conference this week showed those who eat more ultra—processed foods have higher risks of heart attacks, high blood pressure and strokes. shoppers are encouraged en masse to check labels for a surfeit of ingredients. the government is under pressure to act, as it did over sugar or tobacco. experts have described ultra—processed food as harmful, as a harmful tidal wave causing a huge rocket in cases of heart attacks and strokes. ..and they say that ult

you're welcome. hong kong is defined the 2nd largest market off to china. so agricultural and fisheries exports. but it isn't just japanese fishermen who might seem to pinch off any import restrictions from the country. restaurant owners in hong kong awarded that the government's decision to activate import tubs, could leave them facing an uncertain future. at this hong kong restaurants, fish is the speciality. trouble is these menu main stays all, come from japan and with a band on some impulse leaving. that could mean cutbacks can go, i don't think that will help if the band covers the food products transiting via tokyo. by then we might have to source our supply from other places. they don't, haven't gone with like a socket. come want to come directly to hong kong lightly. conversely, with the 4, we'll put less c food on the menu lawyer. we'll still use meat and vegetables from japan for last month. so hong kong government said that any button would apply to aquatic products from tokyo and separate other japanese regions. not just focus cima in passing i

the hong kong security law was effective secretly in china. it forces to protest to end and makes every sign of resistance illegal. i didn't go out. i don't see anyone any more, because i want to stay normal and unsuspicious. one of my best friends, her nickname was flat water. she was always with me, out of protests. she was for brave as she always protected me. we had dinner, we talked about the news and the security law. she told me that she's very concerned about a she looks so tired and she told me that she couldn't sleep. and the next day she got arrested. i've never so so powerless. a he'd be really hard, especially because i can see her anymore. i can talk to her anymore. not today. not tomorrow. not next week, next month, but it is not for the next 10 years, the one i really close friend, tested me right. aging past the law and was like, okay, that's it. everything that we did. it doesn't matter now. in 2 days later, she killed herself. i don't know, what will happen next. maybe i didn't work hard enough or we didn't find the right wa

i believe japanese food and hong kong is not going to close grace issues. at customer confidence may now be changed to restaurants like this, then home comes with the internet feeling the band could take a big slice out of his business and leave him facing significant losses. indonesia has a big for the waste problem. one investigation found that in the period from 2000 to 2019, for instance, invitations threw away some 115 to a 184 chinos afford, per capita high. yeah. and there are regulations in place now to reduce the spot enterprising solutions are already in the market to try and solve the problem. it's dusty good and one of the easiest and most popular these just, i'm sorry, i money. i sleep deep into being a set by daily reality and restaurants throughout the country. as much as 40 percent of the lease in the country is fluid from retailers for surfaces as well as households. according to research from the barry less than 3 or 4 foot and it's ration. donasia is the 3rd largest for the way sir into work. but change will not be easy. for me, when i ac

even hong kong. the people have just wrapped up and ready for the fight against a controversial expedition bill. those amendments could have a lot of aging, the spirit, hong kong, or as the mainland china for any accused crimes. even those that might be made up. critics worried that the bill would make it easier for beijing to exert control over the region. the situation we know 10 to 5 in the afternoon between the for me i do worried about being arrested. the non essentials, i oh, i have to be in jail for like how many, how many years? i lost my freedom. it's not found that it's mainly now it's about how the police with job in that 48 hours to get there legally to detain you. that's actually the part that scares me a lot. the i think you can simply ignore the young people in the working class that who bucks, fired at some point. you ignore the working class. you have to see on the street the on october 25 of 2019. there was a huge protest isn't here. with 1200000 people we pushed for social reforms

i the question of hong kong.onder how much taiwan was actually discussed, because i'm quite fearful for what might happen there next year. but it is to hong kong that i think we have to look just to raise a concern about hong kong , given concern about hong kong, given that the chinese government have broken every agreement with us strikes me as frankly not being quite good enough. benedict rodgers is ceo and co—founder of hong kong watch and a friend of this program. benedict first off, can you really work out what british government policy towards china is? >> no , i think it's an extremely >> no, i think it's an extremely confusing position. it's sending out a lot of mixed messages . i out a lot of mixed messages. i mean, james cleverly, on the one handis mean, james cleverly, on the one hand is saying some of the right things on human rights issues. the question is to what extent in what depth. but on the other hand, he talked today about having a i think his words were a sensible, pragmatic, working relation

i the question of hong kong.onder how much taiwan was actually discussed, because i'm quite fearful for what might happen there next year. but it is to hong kong that i think we have to look just to raise a concern about hong kong , given concern about hong kong, given that the chinese government have broken every agreement with us strikes me as frankly not being quite good enough. benedict rodgers is ceo and co—founder of hong kong watch and a friend of this program. benedict first off, can you really work out what british government policy towards china is? >> no , i think it's an extremely >> no, i think it's an extremely confusing position. it's sending out a lot of mixed messages . i out a lot of mixed messages. i mean, james cleverly, on the one handis mean, james cleverly, on the one hand is saying some of the right things on human rights issues. the question is to what extent in what depth. but on the other hand, he talked today about having a i think his words were a sensible, pragmatic, working relation

we take you live to hong kong.t necessarily seen a lot of rain right now, but brace yourself because hong kong is closing down as we are expecting a potential directed of super typhoon saola. the $5 trillion stock market is shutdown today in the city has issued that number eight storm warning. this could be the strongest storm to hit hong kong in at least five years. we have seen that impact already in other parts of asia, and we are expecting that to hit hong kong today and saturday morning. this is bloomberg. ♪ baby, only on game nights. you know you are retired right? am i? ya! the queen sleep number c2 smart bed is now only $999. plus free home delivery when you add a base shop now only at sleep number. the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online.

in hong kong.n from the app. plenty more ahead. stay with us. ♪ almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add a base. shop now only at sleep number. fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first

we compared to places such as hong kong and china.— kong and china.. we do see if there are more _ kong and china. we do see if there are more confidence, l kong and china. we do see if - there are more confidence, more pickups, more enquiries coming in. , ~ ., pickups, more enquiries coming in. , ., , in. only 696 of officers here are currently _ in. only 696 of officers here are currently vacant. - in. only 696 of officers here are currently vacant. in - are currently vacant. in london, it is nearly double that. in new york, it is 22%. there, the future of the working space is in doubt. here, the pull of the city centre is as strong as ever. nick marsh, bbc news singapore. briefly before we go, the plane of boeing has identified new problems that may delay deliveries of the 737 max aircraft this year. the company said one of the bulkheads from the supplier has and probably drilled holes but do not expect an impact on the safety of flights. that's all we have to you and asia business report. i am monica miller, goodbye for now. bbc news, bringing you

we are seeing healthy rates at the peninsula hong kong.e are making the point hong kong is the market that is not back to full recovery. the reason we say that is we are still not yet seeing the amount of long-haul leisure travel we would normally see coming into hong kong and greater china. we are seeing a lot of business travelers coming back but the long-haul leisure travel is taking longer to recover. haslinda: give us a sense of how your chinese business is doing now and a sense of the percentages in terms of foreign travelers. are there -- are they back? clement: if you look at our business in china, we have great hotels in shanghai and beijing should what has happened in the past for years is there is much more domestic demand. we are super luxury. we have very high room rates. maybe 10 years ago you would not have expected to have that quantity of business from domestic china. nowadays that forms the main base of our business in shanghai and beijing. i would say those account for 50 to 60%. foreign travelers are also very important

the demographic continues to be very international in hong kong.et's have a check on asian markets. australian futures pointed to the downside at the moment. yesterday the worst day in seven weeks for australian stocks. we are expecting the selling to continue today. nikkei futures pointing modestly weaker, down by 2/10 of 1%. the aussie dollar little changed. the yen 146.28. potential intervention from the minister of finance. the yen very weak at the moment. talk about something that is not week. the world cup women's semifinal was not a dream finish that australia was hoping for. it is difficult to feel bad for the match because england was the better team. it was reminiscent of what south korea did in 2002 by go another the way to the semifinals. the bronze medal match up next for australia on saturday. i suspect they will be very well attended. australian fans not quite ready for the party to win. kathleen: there is excitement around the world for women's soccer. corporate australia getting a quit -- quick kick are from the competition. seek a

very close to hong kong.2018 had two really intense typhoons. both cost about $3 billion in terms of insurance claims. david: should the industry be bracing for this? guest: absolutely. we are still a couple of days before that, but the current trajectory, the hong kong observatory gives it a 50% chance that it will hit the city. and actually there's another one brewing right now that is headed to another part of china. david: they are really messing with the area. out of bloomberg intelligence, our insurance analyst there, steven lam. we leave you with a check of the markets. all-clear, at least for now. this is bloomberg. ♪ how can you sleep on such a firm setting? gab, mine is almost the same as yours. almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add a base. (car engine revs) sleep number. (engine accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking) haslinda: it is almost 11

in hong kong, lots of indicators to the downside.e those factors playing in even as you say you defy broader macroeconomic trends? >> we stopped our hong kong domestic business grow double digits in the first half. as well as the mainland china visitor business. we have seen those continued to grow into july and august. our business is focused on the middle class and affluence segment. that segment continues to want to have private insurance for health care needs and critical illness needs. it is a segment that wants to save for the future. we see our business as filling a need that transcends the economic cycles. the key drivers are still intact. the long-term is very bright for our business. shery: you mentioned india when talking about the bright spots. you just returned from a trip there. why yes and yes exciting to you and how does that compare to what you see in china? >> india is a very exciting business for us. it grew by 48% in the first half and we have a tremendous business there. the professional agency business grew by 8

bruce: hong kong, one thing to say is that hong kong has made a lot of progress.ng kong. that number is now 19.3. hong kong is therefore ahead of japan, which only has 16.6% of its directorships held by women. hong kong is far behind other markets, australia has more than a third. there are -- the target that a lot of people have for representation on boards is, should aim for 30% of the board to be female. there are some hong kong companies, the hang seng index, that have reached that target, but still a long way to go. the first step is just adding a first woman, again, the deadline for that is the end of next year. shery: bloomberg's bruce einhorn. we see trading across asia, a bit of a mixed picture. we see gains for the nikkei up for 10th of 1%, being led higher by real estate and consumer discretionary stocks. although we are seeing utilities and communications services weighing on the index. broad upside across asia, including the japanese yen and the korean won, this after we saw the dollar falling to a two-week low in the kospi right now down a 10th of 1%

hong kong curbs a range of imports. start releasing treated wastewater from the fukushima nuclear plant into the pacific ocean. we are seeing downsides of as much as .5% for those stocks. let's discuss this with economy and government reporter carrie sue bloomberg. we know that hong kong was the second largest importer of japanese seafood last year. what exactly are they doing right now? carrie: that's right. hong kong's chief executive immediately instructed officials to prevent seafood from coming into hong kong, and they will be in permitting a band that they mentioned several weeks earlier. what this means is that moving forward, seafood, all live from a frozen, chilled, dry, among other aquatic products, will no longer be able to enter hong kong from what has been outlined before. paul: so what is the fallout going to be for hong kong once the city's band is in place? kari soo: that's right. this move threatens a whole swath of product, which contributes hundreds of millions of dollars, and we are already seeing th

hong kong shares paring earlier gains.zy: it is not a negative story for hong kong shares of hsbc. they are higher after the bank posted second-quarter earnings with net interest margins beating estimates. the london-based bank which generates most of its income in asia announced another buyback of up to $2 billion and saw pretax profits hitting $8.8 billion. we spoke to the hsbc ceo. take a listen. >> those results are a function of good revenue growth across the globe. all of our global businesses have strong revenue growth. all the product lines, strong revenue growth. also all geographies contributed to that performance. so i am pleased with the outcome. it is a $21.7 billion gb to which is 22.55%. i need to point out two notable items which boosted that return. underlying excluding those it is still a return on tangible equity of 18.5%. that is a very strong performance. our confidence is high on the future which is why we have changed our guidance going forward. we have increased it from the 12 plus guidance we had b

we are seeing hong kong _ significantly. we are seeing hong kong up _ significantly.gnificantly. we are seeing hong kong up over 296 - significantly. we are seeing| hong kong up over 296 today hong kong up over 2% today almost looks like locally investors are taking this on the chin despite the huge numbers, when you look into ever granted had to reveal its results yesterday, when it came back to the market, and it is pretty staggering what it owes? absolutely, investors are aware of the property downturn but there could still be further contagion into the economy that the investors are worried about. the covid—19 pandemic has definitely crippled the property market but investors have been expecting some kind of rebound from that as the economy reopened but actually that has not materialised. actually we saw that the property sales continue to contract very significantly in this really cripples the ability of property to service their debt. so this is going to be an ongoing issue and the banks are old money investors are old money and i think that is why the markets a

hong kong's chief executive carljapan�*s decision to release this nuclear waste water unilateral, hensible, something he objected too strongly. let's just put this into a bit of context, because this isn't a small ban. hong kong imports $140 million worth of japanese seafood every year, in fact, the city is the world's second largest importer of japanese food generally, after mainland china. and it is a band that is going to apply to ten japanese prefectures, notjust fukushima, tokyo is on that list as well. restaurants have even been preparing for the sort of eventuality, looking for alternative suppliers. but japan has maintained, and always maintains, that whatever comes out of the sea is safe to eat. the un international atomic energy agency says that it is safe. that the radioactive material in the water is being directed so much that it is not harmful. but you have lots of environmental campaigners who don't agree, china doesn't agree, and therefore, i suppose, hong kong doesn't agree as well. and this is probably a reaction about the japanese authorities, you would think, woul

good morning from hong kong and singapore.he exposure since the kerfuffle a few months ago? >> when we look at the end shall funds, they did not have too much exposure to begin with in adani. if i'm looking at the index itself, the index seems to have a one and a half exposure to adani. the funds come in at 9% not have any exposure. when there was exposure, the funds reduced it. from a mutual funds standpoint i would say no impact. david: let's broaden it out if it is ok to the broader markets. the market has done very well is an understatement in india. it has pulled back the last few weeks. what are you seeing as far as flows into your funds. haslinda: mutual funds -- shweta: mutual funds have seen a steady base of inflow. the steady pace of money coming in. it has been going into by inch every month. this used to be around 8000 a few years back every month. the rest -- investors are becoming smart. you're not so concerned about the short-term risks. just one more thing from a market cap, more flows coming in the mid-and sma

do we no longer care about the people of hong kong ? kong?rom hong kong. i care about the whole set of the relationships between britain and china. and i think what mr cleverly is doing today really good thing to today is a really good thing to happen. i think it is high time we try to reset , revert, if you we try to reset, revert, if you like, to what you might call the cameron osborne set of relationship with china and by the way, i don't i did read your report and congratulations on it . i didn't see it in any way as the kind of hawkish represents in which you just gave. okay >> but isn't it absolutely classic british foreign policy towards china ? china does towards china? china does something outrageous , like the something outrageous, like the security law in hong kong . it security law in hong kong. it breaks the joint declaration when we make a few noises. at the time . and china, a very the time. and china, a very ancient civilisation, plays the long game because it knows if it waits a few years will dutifully kowtow . kowtow. >> we

do we no longer care about the people of hong kong ? kong?rom hong kong. i care about the whole set of the relationships between britain and china. and i think what mr cleverly is doing today really good thing to today is a really good thing to happen. i think it is high time we try to reset , revert, if you we try to reset, revert, if you like, to what you might call the cameron osborne set of relationship with china and by the way, i don't i did read your report and congratulations on it . i didn't see it in any way as the kind of hawkish represents in which you just gave. okay >> but isn't it absolutely classic british foreign policy towards china ? china does towards china? china does something outrageous , like the something outrageous, like the security law in hong kong . it security law in hong kong. it breaks the joint declaration when we make a few noises. at the time . and china, a very the time. and china, a very ancient civilisation, plays the long game because it knows if it waits a few years will dutifully kowtow . kowtow. >> we

kong. david: let's get to our top stories today. stocks across the region the first time in seven or eight days are down, mostly across the board here. the big news was fitch letting the credit rating. the move is coming as the treasury prepares to ramp up issuance of longer dated bonds. fitch also citing ballooning deficits in the u.s.. janet yellen responding in blasting the decision as based on outdated information. plus, as china counts the cost of deadly flooding, we will be taking a closer look at the risks of extreme weather sydney university. welcome to the show. i hope you are all well and i hope you are all dry. we're looking at markets moving into the mid morning. parts of the morning session and we are not getting a lot of momentum coming through, not surprisingly so, given the momentum we have had across various parts of the equity markets. they just one -- the latest one to join in as the equity shares. we are back to session lows. the hang seng is zero point 3%. other things

it is conserving i the history of hong kong.r away, another neon sign is taken down. this one advertising a kowloon restaurant had been in place for nearly 60 years. the owners say they asked for permission to a new smaller sign. but it is closing for hong kong in so many ways the lights are going out. stay with us here on bbc news. there is plenty more coming up. hello. it is shaping up to be yet another unsettled weekend of weather but that doesn't mean it's going to be raining all the time — far from it. while it will be showery and quite breezy, there'll be some drier spells, too. in fact, parts of the south and the east are going to see the driest of the weather, furthest away from the centre of this area of low pressure — that is what will be driving the showers over the weekend. and see all the white lines, the isobars squeezing together? that shows that we are going to have some quite brisk winds, particularly around western coasts. a band of rain through the morning pushing its way northwards and eastwards across scotla

benedict rogers co—founder the rogers is the co—founder of the charity kong watch. charity hong kongforeign benedict, of course, the foreign secretary tell us he's secretary would tell us he's going to raise china's appalling record not record on human rights, not least happening in least what's been happening in hong some hong kong and also what some people the genocide people describe as the genocide of some of the uyghur muslims. do you that he will do you believe that he will genuinely raise the issue , genuinely raise the issue, particularly of hong kong, which is very close home for us? is very close to home for us? >> i believe he will raise the issue . the question really is issue. the question really is how robust will he be? what will he say? will he raise specific details? for example , the case details? for example, the case of jemmy lai , the entrepreneur of jemmy lai, the entrepreneur who actually is a british citizen and faces 75 years old, faces the prospect of the rest of his life in jail. will he raise individual cases and will he do so publicly? and if he does that

follows a similar move as was announced earlier this week by hong kong.g powerhouse. last year, it exported well over $2 billion worth of marine products. so unfortunately, this backlash we are seeing just can't be written off. the japanese government has recognized this, saying they expect a significant hit from those trade restrictions. that's especially the case because the backlash is coming from some of its major export markets. china is the biggest importer of japanese seafood, so that ban will definitely hurt. and that's on top of another ban by the number two market for japanese seafood exports. that's hong kong, which along with neighboring macau, has banned marine imports from several japanese regions, including of course, fukushima. so definitely, japan's fishing industry will be negatively impacted by this. now, whether or not this is justified, that is the question here. the japanese government has said the process is safe and so have international bodies like the un nuclear watchdog, the international atomic energy agency, which confirmed th

david: you graduated and in hong kong initially? andrew: they sent me to melbourne, australia. i went there for six months, and there was an accident in the factory in hong kong and they sent four australian engineers to help the locals operate the environment. david: dow is a famous chemical company and was for some time. how do you go from hong kong, with this australian accent, an american company in the middle of the united states? andrew: they had this view to go international, you have to hire local, well before it was vogue. they went around the world looking for people willing to go to these far-flung locations, hong kong was not the sophisticated city it is today at that time, and basically they localized in group talent locally, but kept a playbook. i was spotted early by the dow leaders, and they moved me around to test me in different places, mostly asia, and eventually the u.s. david: what was your skill set? andrew: chemical engineering. the word chemical puts you in a different place with that thought. it is problem-solving engineering. i learned how to be a prob

rishaad: i'm rishaad salamat in hong kong. shares are surging in hong kong and mainland china.sures to win back traders include -- smart car arm but evergrande plunging on the return to trade after 17 months of suspension. plus, we wrap up the be 20 india summit live from new delhi with the chief executive of tata steel. haslinda: china lifting most votes. traders shrugging off the higher for longer messaging out of jackson hole. focusing instead on the measures by china to lift sentiment in its market including cutting perhaps it's stock trading, injecting the most cashed since february limiting as well the ipo plans. if is lifting sentiment in terms of the benchmark csi index of 2.6%. bear in mind has given up half of the gains that we saw today. it surged as much as 5.5%. hsi getting a lift. all sectors and positive territory including the likes of citi jumping 10% which is the daily limit for the stocks trading in hong kong. currently, the hsi up more than 2%. gains for the benchmarks in korea as well as singapore. the nikkei 225 up by 1.7%. some say gains in the nikkei wil

♪ >> you're watching bloomberg asia coming to you live from new york and hong kong. >> the tough storyhis is hour. investors await caution ahead of china inflation. bloomberg has learned that the u.s. is set to limit the scope of the ban on investment in chinese companies as it seeks to covert the damage to relations with beijing. plus, we get the main line business and economic outlook speaking exclusively with the d.b.s. >> we have the jobless rate for the month of july coming in at 2.8%. this is higher than the previous month of june 2.6%. it's higher rate than economists have expected. we did have heavy rain since mid july. also weak growth. still, you have to put it into context. the 10-year average for the jobless rate in korea has been 3.6%. post pandemic average has been 3.4%. so yes, it's a rise in the jobless rate to 2.8%. but it's still a resilient jobs number. and something that will make the bank of korea give more grounds for keeping as monetary policy when it decides on rates later this month. annabelle. >> alongside tokyo and sidney. but the day is going to be focused o

hong kong futures contract a bit lower. to currencies, and unchanged picture when it comes to trading in the aussie dollar, as well as we are also watching the yen. one other currency to watch is the won, sitting on the cusp of breaking a key support level as we have seen worsening sentiment, particularly when it comes to the broader macro picture across the region, the demand weakness out of china, and demand weakness regionally when it comes to trade policy. the dollar has been pretty flat after paring some of those gains seen earlier in the session. shery: and look at how u.s. futures are trading. not a lot of movement early in the session after the dow saw the best day in seven weeks. the s&p 500 also rebounded, with communication services and financials leading the gains in the wall street session. investors were trying to digest more fed speak, signaling rates could remain higher for longer. and remember, this week is a packed week -- we have cpi numbers, treasury auctions totaling around $100 as part of the treasury'

don't forget there is a huge typhoon heading for hong kong.rs here -- almost certainly there will be no business in hong kong tomorrow. the typhoon is going to hit and you have to close down the markets. really what they are doing is just scrambling to get the necessary stuff done and to get home safely before the typhoon hits hong kong. that is a little misleading. the data was better than expected. initially we did see the markets do well on that. there's been a lot of good soundbites coming out of china about how they are going to help companies. they are going to increase lending to the private sector and various other things. every day we seem to get incrementally the news is getting better and better for what chinese authorities are offering. the problems of course are huge especially in the property sector. but each day we get more good news. lizzy: thanks for that explanation, mark. weatherman and mliv strategist. who knew we needed that analysis? there's an interesting story out for boe. the economic advisor to the chancellor suggesti

what put the west of done about hong kong and what happened, what the chinese introduced. the whole goal is a true tragedy. it happened right before our eyes, that the national security law was imposed. this place of where people used to enjoy freedom and openness in all of us stopping all those freedom as being taken away by the chinese government. and we did not see this as an isolated case. we as also that even 2014 over at crime. yeah. and the west and reaction to russia in 2014 was not strong enough. and i believe that it has a direct or indirect implication for the war to take place in ukraine and in use a shot. if we are not able to take up country actions against the chinese way of doing things over hong kong, i'm sure the chinese will be encouraged to do more in the other parts of the world in this is especially in this region. if you look at the chinese actions in the east china, i see that has already gotten in japan during those. and if you look at the south, china sea is more of a west point than the power street. and therefore, i think the international commu

david: you go to work at dow, and hong kong initially?ndrew: they sent me down to a very cold part of australia called melbourne, that had a lot of great people. cold was redefined when i went to michigan, i went there for six months. there was an accident in a factory in hong kong, they sent for australian engineers. i went to work to help the locals adjust to a complex chemical environment. david: dow was a very famous chemical company. it was for quite some time. how do you go from hong kong with this australian accent and then an american company to the states? andrew: i have this view that to go international, you have to hire local. going around the world looking for be able ready to go to these far-flung locations -- hong kong was not sophisticated at the time, like it is today -- and they localized and grew talent locally, but kept the playbook. i was spotted early by the dow leaders and they started to move me around to test me different places, mostly asia, and eventually to the u.s. david: were you trained as an engineer? what

david: you go to work at dow, in hong kong initially? andrew: they sent me down to a very cold part of australia called melbourne that has a lot of great people. cold was redefined when i went to michigan, i went there for six months. there was an accident in a factory in hong kong, they sent for australian engineers. i went to work to help the locals in a complex chemical environment. david: dow is a very's famous chemical company. it was for quite some time. how do you go from hong kong with this australian accent and an american company to the states? andrew: they had this view to go internationally have to hire local while before was volk, they went around the world look of a people who are willing to go to these far-flung locations. hong kong at that time is not sophisticated city was today. basically what they did is a localized and moved to talent locally, i was started by the dow leaders early and they move me around to test me in different places. mostly in asia. then eventually to the u.s.. david: were you trained as an enginee

"it is conserving the history of hong kong. can say that again. not so far away, another neon sign is taken down. this one advertising a kowloon restaurant had been in place for nearly 60 years. the owners say they asked for permission to erect a new smaller sign. but a chapter is closing for hong kong. in so many ways the lights are going out. pokemon fans from around the globe are meeting this weekend in the japanese city of yokohama for the world championships 2023. the competition of the iconic franchise has landed in asia for the first time, after being primarily celebrated in north america. players compete all year long, we have over 2000 players here, 10,000 attendees and it is really the pinnacle of our competitive season. it is really big in the pokemon world. people travel from all across the globe. yes, we have more than 45 countries and regions participating in this years world championships. it is absolutely a worldwide event, we bring everyone together to compete. how long does a tournament last, what are the diff

hong kong dollars.ation shares and we are getting a little more clarification when it comes to the acquisition of their smart auto development business. again this is on x pong and 80 and the total maximum consideration of the acquisition would be 5800 35 million hong kong dollars. that would be 5.8 billion hong kong dollars. that shall be satisfied in class a ordinary shares as well as the sop milestone to be achieved. we will have more details on the latest but basically it is that they will be buying the smart auto development business for a 744 million u.s. dollars. we have more to come on daybreak asia, this is bloomberg. ♪ haidi: european central bank president christine lagarde says the central bank is dealing with shifts in labor, energy and geopolitics. she spoke to us at jackson hole and discussed how these changes might impact the future of rate policy. >> we are facing major shifts, i will mention three. one is there is a complete change in the labor market. there is a complete change in the