we will target with mark mobius from mobius capital partners next.the middle of a risk off day and chinese data is coming down, we welcome mark mobius, mobius capital partners cofounder. it is great to have you with us. we are not seeing a dramatic move in the u.s. treasuries. at the same time we get china data that has weakened. where do you go for yields? mark: that is a good question because at the end of the day it is in the emerging markets space we have better yields. it is in those most risky countries, whether it be turkey or argentina, that is where you will get yields. unfortunately, it is also aligned with a lot of risk. it is getting difficult to find good yields in these markets. david: it seems like -- alix: it seems like part of that these as six months ago was by southeast asia, but if you want up having china data rollover, how do you buy southeast asia? tradeif you look at the in asia generally, the biggest trading partner is china. if china is going to be importing less, all of these countries will be hit. we have to be very cautio

joining us now on what a deal could mean for emerging markets, mark mobius from mobius capital partnerss very much for joining us i guess first things first, as this trade war has played out who do you think it affects most of all, china or the u.s.? >> i think it affects china more than the u.s. because as you know, china's economy has been very dependent upon exports. they're moving more and more toward a domestic-led economy. but there's still a significant amount of exports. the interesting thing that's happening is a lot of the manufacturing, the high labor cost for manufacturing in china is moving offshore and i think the government is encouraging that sort of thing i was in hong kong a few weeks ago and talking to the largest manufacturer of baseball caps, and she said that she moved most of of this production to bangladesh it's a very interesting development that you're seeing, and a lot of people are afeeling that maybe the u.s. prices of consumer goods are going to go up as a result of this i don't think so because there's going to be a lot of sources like bangladesh, vietnam

. >> that was mark mobius from mobius capital partners from london.ng in the middle east. the uab's foreign minister says he is committed to de-escalation. we will hear from him next. this is bloomberg. ♪ rishaad: you are back with "bloomberg markets: asia." u.s. aviation regulators said to review going's 737 max 8 as soon as next week. the faa says it wouldn't allow the plane to fly in the u.s. unless it is "absolutely safe to do so." china's biggest airlines may team up to seek opposition from boeing, southern china and chinese operate half of the max planes carded in the country. david: oracle result part of a workplace dissemination case brought to the u.s. labor department, agreeing to address claims it has under hired non-asian stuff from -- staff from college campuses. as part of the accord, oracle must provide annual reports on the racial makeup and success rate of its college recruits. rishaad: south korea's sovereign wealth fund may consider the state of the ritz carlton in central park. we have been told they have received interest from at

there was goes it puzzles those little mobius in the alleged bit of good some other field where you could dog goes to good smiler with the our guardian years ago i was perfectly normal of them you could sort of tryst with. which are what they will be as one usually up will blow up way bull markets whether it open if your wife or the rico guess. what a vicious myth someone else with wealth might it's. another couple it would be not just an issue of a smile a sort of chase i do it because you know that's what's next to my teeth and where is the boy to just me like when she was 446 why don't why he's. the document that alexander mars and often found to clearly show the legacy of sacrifice had been removed from the crash site and delisted less than a month after he was shot down. from its engine may well have been recycled just best to help out the fighters continue to defend the country. one final detail from this beautiful legend that has long inspired historians and infuse yes to like. at last been laid to rest and is now in this question it was when a while but i didn't hear the feel of t

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it was because it puzzles those little mobius in the alleged bit of the word some other people who are you good dog goes to good to milo at the our guardian in years ago i was present at another good sort of tryst with him you. put your were there with me as when you should be able to live up way bull markets whether it. can be wise for the rico guess. i got a vicious myth someone else was one of my days. and i would go for it with you not just an inch of it or some other sort of trace but i do it because it's what's next to my teeth and where is the boy to chastise me like when she was put up for six months when he's. been documenting tilings of the murders and often found clearly showed the legacy of sacrifice had been removed from the crash site and delisted less than a month after he was shot down. from its engine may well have been recycled just best to help out the fighters continue to defend the country. one final detail from this beautiful legend that has long inspired historians and enthusiastic to like. at last been laid to rest in his love of this question it was when a whil

it was kosher puzzles the school the mobius not the alleged bit of good some other field where you could talk about the good smiler with the or guardian in your school was perfectly normal of them you could sort of tryst with. which are what they want me as the one you should be able to pull up way before i guess what it open if your eyes for the look of yours. i got a vicious myth someone else was worth my days. and i would go for it with you know just an inch of it a smile a sort of trace oh i do it because you know it's one with extreme ideas and with the boy to me like when she was over forty six why don't why he's. the document that alexander mars and often found to clearly show the legacy of sacrifice had been removed from the crash site and delisted less than a month after he was shot down. from its engine may well have been recycled to spare to help other fighters continue to defend the country. one final detail from this beautiful legend that has long inspired historians and infuse yes to like. at last been laid to rest in his low discourse and it was when while i didn't hear th

approaching the topic from every angle here's a sampling of the conversation, starting with mark mobiusd where investors should look for yield at a risk off moment in the market. >> at the end of the day, it's the emerging market space, where we have yields and it is in those most risky countries, whether it be turkey or argentina, that is where you are going to get yields. but unfortunately it's also allied with a lot of risk. -- aligned with a lot of risk. it is getting hard to find good yields. >> it seems like in southeast asia, if you have china data rolling over, how do you buy southeast asia? >> exactly. if you look at the trade in asia generally, the biggest trading partner for most of those countries is china. if china is going to be importing less, all of these countries will be hit. we have to be very cautious in looking at each and every country and their companies to see whether they will be affected by the situation in china. >> give us a sense of the timeframe you think about when you are investing, in particular when it comes to the china-u.s. trade dispute. when it goes

here is a sample of the conversation with mark mobius regarding where investors should look for yields emerging markets we have better yields. it is in those most risky countries where dass whether it be turkey or argentina, that is where you get yields. unfortunately it is aligned with risk. it is getting difficult to find good yields in these markets. seems like part of the sales six months ago is southeast asia but if you have run a data rolling over and trade, how do you? the trick, theat biggest trading partner for those countries is china. if china is importing less, these countries are it. we have to be cautious in looking at each and every company and those countries to see whether they are affected by the situation in china. sense of the timeframe you think about when you start with investing, particularly when it comes to the trade dispute. if this goes on indefinitely, -- forthe opportunities example southeast isn't where there may be supply chains that are altered? this places like vietnam, places like bangladesh, where a lot of chinese manufacturers are the moving their pr

mark mobius thinks the u.s. -china dispute will have a big effect on emerging markets. trade commissioner says if trump imposes auto tariffs, europe is ready to respond. consolidation makes financial sense but there are hurdles to bound. this is bloomberg. ♪ math and "bloomberg best. " i am abigail doolittle. has where we should look for deals. mark: at the end of the day, it is the most risky countries, whether it be turkey or argentina. it is also aligned with a lot of rates, so it is getting difficult to find good deals. mark, if you wind up having china data and the trade war, how do you buy southeast asia there? mark: exactly. if you look at trade in asia in general, that they factor for most countries is china. china is importing less, all of these countries are going to be hit. we have to be cautious looking at each and every one of these to see whether they will be affected by the situation in china. david: mark, give us a sense of the timeframe, especially the u.s.-china trade dispute. in there other opportunities south east asian countries where they have supp

>> i really love your interview with mark mobius. from a place where he was skeptical, and all of a sudden, really understood what is the need for bitcoin. he is an emerging markets investor, that is his core. so he understands the need for people in emerging markets to send money from one place to another without the need of a third-party. but from his perspective as an asset manager, he is saying it is too volatile. mark,would argue, volatility is one of the most attractive properties of crypto from an asset managers perspective. the reason being that has asymmetrical risk. there is a limited risk you can get on the downside. it can get to zero come it is a possibility. -- zero, it is a possibility. however, if we do see a parabolic move, i could be 1000%, 10,000%, or even more. so the idea is that you can increase your return on risk by adding this asset which is completely uncorrelated to the rest of the market. it does not respond to trump tweets. anna: mati, thank you very much for your insights. ichiro.arket analyst at -- etar

the market reaction and rupee, asns for the well as the challenges ahead with mark mobius.mbai will be closely watched. inhoria waned in the markets the latter half of the session. here's how cash rate is ticking off in tokyo. losses of nearly 1% for the nikkei. trump's high ahead of state visit. it is unlikely a trade deal will be cleansed, with issues like auto tariffs remaining. let's check on the kospi. as we getin focus more local media reporting that the u.s. is requesting south korean companies, including samsung, to join the huawei boycott. the korean won is sticking among the 11 and 19 value. checking in on the asx 200. bringing -- opening lower. of theia remains one asian markets in the green for the month. the aussie dollar looking at little change. all the bond yields are slipping to record lows with three-year lows. kiwi stocks., it things ever so slightly on some data to chew on. exports underpinned by gary shipments and annual exports of china rising 2% -- 22%. let's check in on number of shares -- nomura shares. the broker says it is conducting a probe on th

investor mark mobius sees caution and reward in the midst of this trade war.brazil because there is lots of reform going on there, and india. those are the countries where he will not be much affected by china and the u.s. china trade disputes. karpur.us now, arjay let's get right through that. you saw all of the outflows from local debt. where can you go that has risk that is insulated. >> there are a lot of emerging-market economies that are more domestic demand driven and there are places where the election outcome has been quite positive for the reform momentum to continue and take place. two places are brazil and south africa. large economies. ,ore driven by election demand positive outcomes and the momentum continues. the other places any oil exporting nations such as the gulf or russia where the economic framework is sound, or some countries in africa look good. they have to think of oil in the short term as manna from heaven and build up their buffers. the long-term story on oil still drives oil prices back to 50. david: if we talk about a large econom

francine: chetan ahya of morgan stanley and marty schenker. , formerp, mark mobius templeton asset managementhina and the relationship with other southeastern asian countries, 8:30 a.m. new york. this is bloomberg. ♪ ♪ viviana: this is bloomberg "surveillance." walmart may take its unit in the u.k. public. they are telling employees they are seriously considering an ipo. the process could take years. british antitrust regulators blocked their merger. aston martin reported lower first-quarter earnings at a time when sales in the u.k. and mainland europe declined. they boosted spending on new models. they are trying to replicate ferrari's success in moving toward a more high-volume car making. tom: we are thrilled to have with a chetan ahya unique call at morgan stanley, caution on the markets. to dovetail with us is truly one of the best on trend in wall street, christopher verrone. it is absolutely wonderful on trend. where are we now on trend? did it get blown up? christopher: i don't think so. we had a 25% rally in four months. i am not sure i would go to the melt up language. in the contex