paul: fidelity international director of investment, medha samant, joining us from hong kong. thanks very much. still to come, we will have more on trade and investment in china with 52 capital. how the escalating tensions are playing out for commodities as investors seek havens. this is bloomberg. ♪ k havens. this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. paul: i am paul allen in sydney. turmoil from the trade war continues to spread, and commodities and crude prices retreat for a third day in a row. belowe seen wti slipping $61. this even as oil was spared from china's latest target list. david stringer joins us from melbourne. u.s. oil was bad, so why are shipments likely to be a casualty? david: good morning. this is a really interesting example of those materials, those centers that are feeling the chilling impact of the trade tensions even without specific levees. as he mentioned, no specific tariffs on u.s. crude from china. what we are seeing is the flow of cargo from the u.s. to china has been throttled. china was the top asian buyer