vonnie: mark mobius, thank you. we have much more reaction around the thursday brexit vote with the pound leading the most in almost a decade. ♪ mark: this is bloomberg markets. let's get you caught up on the market action around the world. the nikkei had a gain of 2.3% overnight. is onlyghai composite up slightly. fell for it eight straight month under efforts to revive their economy. the yen surge this year continues to hurt japanese exports the latest numbers show shipments fell 11.3% from one year earlier. exports to china, the u.s., and europe slumped and exports were due to lower oil and gas prices. export prices dropped the most since after the global financial crisis in 2009. the yen has appreciated about 15% this year and there could be more pain ahead for exporters. toldormer finance minister us he's cc the yen strengthening t by the end of the year. mark: in new york, about 45 minutes left of the action in europe. the biggest rise for the stoxx 600 since august, 2015. the campaign to stay in the egypt -- i

mark mobius: it is a big loss. everyone respected him. he was doing a terrific job.bly the best central bank are in the world. it is unfortunate he is leaving. a lot depends on who will replace him. believe me, there are many capable indians who can easily step into his shoes. the question is what decision the leading party will make. scarlet: was it rajan's policies or his persona, his fearlessness and shaking up the status quo that made him somewhat objectionable to indian politicians? sasha: his willingness to speak on issues well beyond economic policy and criticize the government while doing so certainly did not win him any points with the powers that be in indian politics. but i don't think that was -- that alone could not have been the deciding factor in the government -- effectively the government's decision this weekend. rajan would not have announced he was not seeking another term unless he was very certain the government would not give one to him. alix: all right, who was on the shortlist? who do you think will get that spot? sasha: there is a huge spectr

you heard mark mobius on our network earlier saying there are plenty of candidates out there, plentyf very credible candidate. it's not so much there is no pool there, but it goes back to the issue -- is this next person going to have the political clout and the will to continue this inflation fighting that we saw rajan put in place during his tenure? alix: take a look at my bloomberg here. this is chart 1702. this is the rupee versus the dollar. this is converted, so it is really legit. it shows the decline in the ruby, then it shows a huge move downward and it stabilizes. hey, is this market and are venture and, what is happening there, etc.? joe: i know people are talking about -- rajan being very tough on on performing loans and regulators, so are people thinking the next central bank governor might not be so clear on cleaning it up? probably. he was very tough on inflation, but also financial reform. he was partly out stick, you could say. becausey that campaign he was so hard on the financial sector. and maybe you could interpret some pullingast back of his more stringent polic

. >>> mark mobius will join us after the break.ak, a quick check in on what's happening with the european markets right now. ftse regaining a bit of what it lost in the last session, you might have heard about it, brexit. we're back after this. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. farage holland. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with di