news south koreans have protested against a japanese decision to downgrade trade relations with seoul tokyo has crossed south korea off the list of its trusted trade partners seoul has condemned the move as reckless. and the united states is set to formally abandon a key cold war weapons control treaty the end of the intermediate range nuclear forces agreement raises fears about a new global arms race. you're watching news from berlin i'm terry martin coming up next africa which takes a look at rwanda is golden monkey tourism and we've got more news for you at the top of the next hour of course you can get all our stories online t w dot com thanks for. such a clue. small scale in superior big changes. people making it possible for eco africa. fantastic right trying them as they set out to safe environments. to learn from one another. and work together for a better future. next d.w. . robots they're still in the development phase 5 so what's going to happen when they grow up. will humans and machines be able to pass me co-exist or are we on the verge of a robot collapse if we just bumble int

protest pam ups the ante in an ongoing dispute with seoul tokyo. of trusted. his faction. as a reckless decision.

the trade dispute between seoul and tokyo rumbles on. rean prime minister is urging japan to correct its decision to curb exports, saying it is an economic attack against seoul. joining us is the korea economic institute senior director. thank you for joining us. a very curious situation. we had japan's economy minister on friday saying none of this is retaliation for the south korean court decision on compensation for forced labor victims during the colonial era which was 70 aars ago, but is that credible statement? it is hard to see this as anything else. >> what we look at the announcement with restrictions on three chemicals that south korea needs for semiconductors and displays, you had this issue tied in right away. it was in the press release. if you listen to japanese government officials, they are constantly saying how they have lost trust in south korea but they don't provide any other real rationale other than this vague reference that five times goods went to south korea. it is difficult to see it is about anything else. terms

seoul andokyo -- tokyo. for them to genuinely want us in that role rather than fighting with one or the other. this is a work in progress. i think we are open to possibilities if they could potentially help improve the situation. dr. cha: can i just -- let me just press a little bit. based on your comments today it is pretty clear that the u.s. government position is to call on south korea to renew or return to gsomia, is that fair? mr. schriver: yes. dr. cha: on the white list, is there a stated u.s. policy on the white list? i know that is not your lane so you might not be able to comment on that but have you heard of any stated policy on the white list aspect? mr. schriver: these are sovereign decisions that both countries are taking. in every case, we cannot second-guess the merits of the case but it appears these were politically motivated and we are in a spiral of tit-for-tat kinds of moves. i think the position on the white list would be to have the two sides sit down for a meaningful dialogue and cov

seoul correspondent laura bicker. this is the level of anger some in south korea feel towards japan. in disgust, this man is destroying his japanese—made car, an act of defiance just days after tokyohe's not alone in his fury. the trade spat has prompted thousands of south koreans to boycott japanese goods. hundreds of items have been taken off supermarket shelves. translation: japan took action, and as korean citizens, we should act fast as well, so we haven't been using any japanese products. translation: we often used to go on vacation to japan, but now we don't. we've even recently cancelled our trip to japan. this dispute comes after decades of mistrust. when japan occupied south korea from 1910 to 1945, prisons such as this one were used to silence and crush dissent. around 500 inmates were held here, including women and children. some of them were tortured. it is a time south koreans have never forgotten, and more importantly, have never forgiven. tens of thousands of koreans were forced to work injapanese mines and steel mills without pay during the second world war. they said we were treated as slaves. japan maintains these issues were resolved by a treaty signed in 1965.

seoul believes tokyo's trade restrictions on essential supplies for its biggest industries area suppliesndustries are a form of targeted retaliation for the court orders. japan says thatis for the court orders. japan says that is simply not true. but the pain won'tjust be felt here. it could revel through global tech supply chains. which may force the us to step in to try to solve this viewed before it escalates further. well, we have heard what south korea thinks, but what about japan? well, we have heard what south korea thinks, but what aboutjapan? i asked jeff kingston, the director of asian studies at temple university, if tokyo had a point that all the claims were settled with a treaty in 1965. yes, i think it does have a point, but i think this is a dangerous road to travel down. i think that abe is sort of pulling a mini trump here, and he is trying to use the cudgel of trade to get his way on other issues. so these two frenemies have been bickering about history for decades, and i don't expect that to end anytime soon, but by invoking trade restrictions, i think that abe is not

we are half an hour away from the open in tokyo, sydney and seoul. tokyo from a holiday. selena, what are you watching? selina: as we examine the fallout from the hong kong protest, i want to take a quick look at north american and europe stocks that have been battered, which includes the luxury goods space. there were flight cancellations, impact on travel. hong kong is a major market for these high-end goods. take a look at the shares of tiffany's, estee lauder, louis vuitton. in addition to luxury, the overall retail business, travel and gaming industries have been hurt in hong kong. switching boards to take a look at a bloomberg index of north american luxury goods. it has been falling dramatically since the protest started in april. tough decliners include fossil, tapestry. bloomberg economics says hong kong's economy is ill placed to absorb the blow. in addition to the luxury goods sector, the trade dampening, the u.s. china trade war, is a rough picture for them. this is china's credit growth. in july it fell to the second lowest level this year. 1.

its preferential trade list as a rift between the 2 countries deepens their been protests in seoul after tokyo removed it from its list escalating a trade fumed the moves being seen as retaliation korean court ruling that ordered japanese fans to pay for forced labor during 2nd world war. it's one of the world's most endangered species but the mountain gorillas of central africa are making a slow and fragile return from the brink of extinction stephanie decker reports now from the bit longer mount is in rwanda the center of the conservation effort. what you. were at the foot of the very good mountains and getting a briefing on how to behave around the mountain gorilla that's what everyone here has come to see and they've paid $1500.00 each to spend one hour with the great apes in their habitat you excited i am beyond excited this is an international treasure that is being protected in rwanda and i'm so lucky to be able to experience it i can't wait and the cost is they put the concept where you think about it i think i think that's fair it limits access certainly to people who can afford it bu

security forces gathering just across the border from hong kong and why a trade dispute between seoul and tokyo has roots in both the distant past and much more recent times. with the breaking news than there's been an outbreak of fighting across the line of control between indian and pakistani security forces have been casualties on both sides several people have been killed osama bin. laden he's a bad in pakistan administered kashmir. by telling us what you know about this was a fake incident. marking the military has confirmed that at least 3. because funny thought years have been killed in what pakistan says unprovoked firing across the line of control from the indian side the line of control is the one which divides pakistani and indian administered kashmir and it is one of the world's most heavily militarized regions and these 2 nuclear armed rivals regularly exchanged fire but we've heard from the military that in addition to the soldiers at least 3 civilians have also been killed in this shelling and there are multiple others wounded i did hear that emerging off some damage to homes as

. >> woodruff: but, it also helped to anchor historically rocky relations between tokyo and seoul.se took a sharp turn for the worse this summer.ja n increased limits on exports to south korea, including on critical tech materials, used by large korean businesses like samsung. >> ( translated): it is not our intention to have this affect japan-south korea relations, nor is it a counter-measure against the country. >> woodruff: the recent economic fight sparked mass anti-japan demonstrations in seou but the anger runs much deeper, and is centuries old. daniel russell served as an american diplomat in japan and south korea and oversaw the obama administration's negotiations that resun the intelligence sharing agreement. talking to south korea and japanese, they will take you back to 92, when japan invaded south korea. there is a long litany o grievances, particularly in last three years. there has been steady series of events. one slap is met by another slap between seoul and tokyo. >> woodruff: at the root, profound korean national resentment of imperial japan's sexual enslavement o

this trade spat between the 2 countries so we'll really have to see what takes place between seoul and tokyo moving forward. this adventure bar thank you so much of a mack. time now for a quick break but stay tuned because on the other side the threat of cyber crime does not apply just individuals as several cities across the u.s. are now being held digitally hostage mesquite journalist ben swan longs on today to dig into the digital dilemma and as we go to break here are the market numbers at the close. cast calendar is dark alfonzo along. this changing page he's dard servant. whose 1st words were at a lower seer a challenging post you got 2 years to live. i have no doubt that what happened was criminal. defense calls in trade market is a $1000000000.00 industry these companies have a huge financial motivation to solve these problems there are numerous stockings showing that doctors were keen to chest x. ray concentrates for infectivity on their patients gives them doctors the wrong to quite long term system why they would keep me consecutive doses. on people is to die and i'm always questi

this trade spat between the 2 countries so we'll really have to see what takes place between seoul and tokyo moving forward. barr thank you so much of a mack. time now for a quick break but stay tuned because on the other side the threat of cyber crime does not apply just individuals as several cities across the u.s. are now being held digitally hostage and mesquite journalist ben swan longs on today to dig into the digital dilemma and as we go to break here are the market numbers at the close. join me every thursday on the alex simon show and i'll be speaking to guest on the world of politics sports business i'm show business i'll see you then. cash calendar is darn alfonzo any longer and there's changing pay change dard serve the old guard. whose 1st words were how low a c. or a challenging post you've got 2 years to live. i have no doubt that what happened was scriven. let's call them trade market is a $1000000000.00 industry these companies have a huge financial motivation to solve these problems there are numerous talking showing that doctors were keen to test facts right concentrates f

this trade spat between the 2 countries so we'll really have to see what takes place between seoul and tokyo moving forward. this adventure bar thank you so much of a mack. time now for a quick break but stay tuned because on the other side the threat of cyber crime does not apply just individuals as several cities across the u.s. are now being held digitally hostage and mesquite journalist ben swan longs on today to dig into the digital dilemma and as we go to break here are the market numbers at the close. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spearing dramatic development only mostly exists i don't see how that strategy will be successful very. time to sit down and talk. there's not. but i'm also the most companies he knows. his company's he most people in the school even though he goes from didn't you know to speak to c.b.c. as pro you sure. it was someone. who seemed. kind of these people will. they. come to your list too. i don't know if you should have been there so. it's i'm definitely one of those who want to keep it and the

why a trade to street between seoul and tokyo has roots in both the distant past and much more recent times. and find out how liveable clinched a top tracy so early in the season will reveal. on the markets in europe a fall and a little after a warning from china that it would take fresh countermeasures against u.s. tyrus the dow jones suffered its worst loss of the year on wednesday index closed 800 points that's 3 percent lower asian markets also dipped in the wake of u.s. losses it was driven by growing fears of a possible recession in the u.s. investors have made a major shift to the bond and gold markets which is seen as safe havens during time of market volatility our economics editor abbott alley has more detail on what could be behind this turbulence. there is a discrepancy in trade agreements then there's a way in the mechanism of achieving a goal of resolving those but what trump has been doing he's been going out there and he's been slamming on these on these tariffs or threatening tariffs and this is having an impact on germany having an impact on latin american economies

and why a trade dispute between seoul and tokyo has roots in both the distant past and much more recent times. in sport tiger is back but will he be fit enough to play a whole tournament we'll hear from him shortly. hello again it's good to be back we're here across parts of turkey the temperatures have been quite high over the last few days but things are changing and those temperatures are beginning to come down as well we're also going to see some rain across the region as we enter into the weekend so for incorrect spector a nice change even though they're still quite warm at 31 degrees but as we go towards friday notice we do pick up a little a few more showers here along the coast and we are going to see that time to drop a few down to about 27 beirut a nice day few with a temper there of 30 degrees or here across the gulf the morning humanity has been a big problem very uncomfortable across much of the area that's going to continue here on friday we also see low visibilities as well maybe even some fog in some mist in some areas so expect to see a high there of 39 degrees with ver

tokyo and seoul are some of washington's closest allies in asia and both countries are hosting a total0 us troops. you'll be watching that closely stop thanks, monica. in other news, and the tributes have been paid to vg said artur, the founder of india's guest coffee chain. his body was discovered near a river in the southern city of bangalore, sparking an investigation by authorities and his company into his death. the uk government has announced an extra $2.5 billion of funding to prepare for a no—deal brexit. the plan includes more border force officers and upgrades to transport infrastructure at ports. britain's opposition labour party described the move as a waste of taxpayer money. the boss of ryanair has won staff to prepare forjob cuts in the coming weeks, saying the airline has 900 to two many pilots and cabin crew. in a video message to workers, michael only reclaim the planned cuts to flights next summer due to the grounding of its boeing 737 max fleet. in the hopes of becoming social media stars, young people in india's smaller towns are signing up for a live streaming app

calls for an apology and compensation for sex workers during the 2nd world war relations between seoul and tokyo are at their lowest in decades of the 2 lumps in a bitter trade route south korean president lee jane has called on japan to end the dispute through dialogue and cooperation and a sort of hierarchy reports the feud has as much to do with trade as it does with the past. their songs about the brutality inflicted on what they called conflict women. see watches on as she listens to her own story and that's of the 10s of thousands of women forced to work in japanese military brothels during the 2nd world war this latest bronze statue has arrived from the u.s. and iraq presents comfort women from korea china and the philippines the circle here is completed when the gap is filled despite the artistic displays the comfort women say they have yet to receive closure to their ordeal still waiting for an official apology from japan's prime minister. comfort women is a creation of the japanese they claim to want on their own voluntarily to make money servicing the japanese soldiers what an incredi

still ahead on al-jazeera by a trade dispute between seoul and tokyo has roots in both the distant past and much more recent times also the emergence of more tent cities along america's southern border now it's creating space for a growing number of detained migrants. we . hello again it's good to have you back we're looking fairly dry here across much of central indonesia on the satellite image not a lot of clouds here across the map but we are seeing some very heavy rain across the western part of indonesia as well as into thailand and this has been going on for a few days so the likelihood of flooding is going to be a big problem here in sumatra over the next couple of days singapore a rainy day for you as well at 32 degrees a call of her at 31 it gets a little bit better in terms of the intensity but up here towards thailand the rain continues with bangkok heavy rain most of the day with a temperature of 32 degrees here on saturday well here across the southern part of australia we are watching one weather system push across the bite now that caused a lot of wins for the west as wel

its preferential trade list as a rift between the 2 countries deepens their been protests in seoul after tokyo removed it from its list escalating a trade fumed the moves being seen as retaliation.

we see seoul and tokyo with transit systems to go 160-mile range in an hour and a half and that's not the reality anywhere in america. and so when you contemplate searching for a new director, as this constituent, i would encourage you to examine someone who has experience leading and developing those foreign networks because of those transit networks seem to have done a more functional job at serving their populous than any transit network in my opinion in america has. >> thank you. is there annnnnnnnnnnnnnnnnnnnnn >> chair ronen: mr. clerk, can you please read item number one. >> clerk: prior to that, i'd like to make an announcement. please silence all cell phones and electronic devices. documents referred to in presentations should be submitted to the clerk. item number 1 is a hearing to propose the submitted ordinance -- to members of and candidates for the board of supervisors, the mayor, and candidates for mayor, the city attorney, and candidates for city attorney and the controlled committees of those officers and candidates. >> chair ronen: thank you so much. and i just wante

why a trade history between seoul and tokyo has roots in both the past and much more recent times. in school the bad boy of tennis lives up to his name of the cincinnati masses jan will be here with all the action. the indian prime minister narendra modi says the removal of india and minister to kashmir is autonomy will benefit the people of the region in his independence day address he said the move would ensure the ideal of one nation one constitution. of freedom fighters for hard and long for a free nation but because of article 370 and 35 day there were issues but today i can see standing here at the red fort with pride that we are one nation and one constitution. robin go live to our correspondent vala who is in the indian capital new delhi and the independence day speech the central part of it really was this removal of kashmir is autonomy which we have to remember is pretty popular in the rest of india. well that is correct prime minister move this decision many analysts say has been taken to pander to his water base to his supporters in today's address to the nation prime m

independence from japan's colonial rule he warned global trade may suffer she said seoul will gladly join hands of tokyo wants to resolve the dispute through dialogue that escalated last week and south korea was removed from tokyo's favored trading nations list the leader of britain's labor party is calling on other opposition forces to unite with him and topple promise to bars johnson's conservative government jeremy corbyn says he'll call a no confidence vote as soon as he believes it will be successful he says he wants to prevent the prime minister from following through with his plan to take russian out of the e.u. on october 31st without over the troll agreement. the canadian government watchdog has ruled that prime minister justin trudeau violated conflict of interest and ethics laws the watchdog concluded that trudeau broke for by attempting to convince his attorney general to settle a criminal case against an engineering giant trudeau must pay a small fine but insists he was acting in the interests of canadians argentina's president maurice remark or has announced salary increases and tax cuts a

we will look at the relations between seoul and tokyo.is is "daybreak: asia." the trade spat between tokyo and seoul continues as both sides it marks the anniversary of japan's defeat in world war ii. both will deliver speeches which will be closely watched for any statements that could aggravate the simmering feud. the koreannow is institute president. have seen tensions for years whether it is historic or territorial. we never really saw it escalate so much and the economic sphere of things. what will it take to break the standoff? the official reasons that japan gives, there are restrictions on exports, they are about sanctions breaking by south korea. i think everyone acknowledges the real problems are historic. this is japan reacting to the south korean supreme court decision as last year which said force labor is still owed compensation. it take to will break the standoff? will the u.s. intervene and what could washington do? >> i don't think the u.s. can intervene. it could provide good offices, have conversation to discuss the com

rob mcbride is standing by for us with reaction from seoul but 1st let's speak to sandy selami in tokyo to tell us more about why japan has decided to do this and why now. ok. this is when expected the decision by the japanese government today the government ministers they had a meeting with the prime minister and they have officially. decided that south korea should be removed from the white please at least that has more than 20 countries which is not exempted from figure nations on other decisions through exports much of years that could be used for if you want but process for civilian and military purposes that decision was that widely expected as i say but today. the japanese government is benteke levy trying to show that this procedure is not in any way intended to. be at its initial against south korea's decision on the labor ward labor issues or the conflict woman issues which are historical issues between the 2 countries. that trade minister mr say quote the day after the decision before just half an hour he had a press conference on the cement that this is because japan has dis

the start of cash trade in tokyo city and seal -- seoul. ♪ paul: i'm paul allen in sydney.major markets are about to open for trade. shery: good from bloomberg's global headquarters in new york, i'm shery ahn. sophie: i'm sophie kamaruddin in hong kong. kathleen: i'm kathleen hays in jackson hole. here are the stories we are covering this hour. pressures on jay powell. the fed chair kicks off a fed symposium with three regional fed bank presidents saying now is not the time to cut. paul: more top stories this friday. the central banks are making headlines. boj facing difficult policy questions as inflation remains stubbornly weak. shery: easing later this year. the kiwi jumped as the governor tells bloomberg that they can afford to wait. ♪ shery: market action with sophie as we had to the open of japan, south korea, and australia. sophie: we see some generations at the start of cash trade in tokyo. nikkei 225 opening with little change. the topics up .10%. the yen is holding steady. there is a lot of folks on the sidelines as we wait for the jackson hole and g7 meetings to

seoul has notified tokyo the plan to abandon the arrangement for exchanging military information. retaliation for japan's decision to remove korea from -- the shared no doubt interest of japan and south korea are important, and important to the united states. we hope those countries can begin to put that relationship in exactly the right place. >> hong kong retail sales have plummeted this month as the street or tests inflict growing damage on the local economy. the retail management association is calling on shop rents to be cut in half. they want government to provide other relief measures. it is also the fifth straight month of declines. misuse of social media could be a breach of rules laid down by china after some staff are found to have taken part in hong kong's protests. it has told employees that posting or sharing or responding to content violate the demands of china's aviation. any employee who participates in a illegal activities may be fired. global news, 24 hours a day on air and at tic-toc on twitter, powered by 2700 journalists and analysts in more than 120 countrie

one slap is met by another slap between seoul and tokyo. >> woodruff: at the root, riofound korean nationalentment of im japan's sexual enslavement of korean women during world war ii. japan met long-standing korean demands for an official apology for the abuse of so-called "comfort women," in a 2015 agreement with korea's former president park geun-hye. but president moon jae-in revoked that agreement when he came to power in 2016. >> ( translated ): on the issue of comfort women-- umwartime crimes against hity can't be swept under the rug by saying "it's over." >> woodruff: aging survivors continue to demand more from japanese president shinzo abe. >> ( translated ): in japan, i was so hungry that i had to eat grass from our dorm garden, and my hair fell off. i livelike a slave there, but abe is saying like it was not. >> woodruff: korea's younger generation showed its outrage, too, this week. time, but they're still not owning up to the past, and zing to theapolo victims of forced labor, they are engaging in economic retaliation. it makes me really angry. >> woodruff: alla f this weakens

an apology and compensation for forced sex workers during the 2nd world war relations between seoul and tokyo are at their lowest in decades but the 2 locked in a bitter trade round south korean president has called on japan to end the dispute through dialogue and cooperation. a team of nasa scientists and engineers are flying over greenland in a bid to track melting ice greenland has been melting faster in the last decade and this summer has seen 2 of the biggest melt on rec or since 2012 scientists say both woman and woman water are eating away at greenland causing it to lose billions of tons of ice daily in the summer. we are literally watching the greenwood disappear right before a very. different having an impact all around the planet we all share one ocean though a 1000000000 tons of i thought you freeze it too old all but the world by a now this is happening today and the question is how bad is it going to happen. and what's been described as a miracle all 233 passengers and crew on board a russian airline a survived an emergency landing in moscow airport it's reported the plane hit a

its preferential trade list as a rift between the 2 countries deepens they've been protests in seoul after tokyo removed it from its own list escalating a trade feud the moves being seen as retaliation for a south korean court ruling that ordered japanese firms to pay for forced labor during the 2nd world war. as one of the world's most endangered species but the mountain gorillas of central africa are making a slow and fragile return from the brink of extinction al-jazeera 70 deca reports now from the village on the mountains in rwanda the center of the conservation efforts. what you did and were at the foot of the very good mountains and getting a briefing on how to behave around the mountain gorilla that's what everyone here has come to see and they've paid 1500 dollars each to spend one hour with the great apes in their habitat you excited i am beyond excited this is international treasure that is being protected in rwanda and i'm so lucky to be able to experience it i can't wait and the cost is they put the concept where you think about it i think i think that's fair it limits access certai

south korea from a white list of countries with preferential trade status last week seoul is in a dispute with tokyo over water time forced labor. japanese regulators are investigating apple over claims of broken anti monopoly daws and pressured supplies to hand over intellectual property the american tech titan says would be accused of squeezing suppliers on price and forbidding them from doing business with other companies. chinese tech giant 10 cent is in talks to buy up to 20 percent of the world's biggest music label universal is home to the rolling stones and taylor swift french owners vivendi want to break into china's growing but tightly controlled music market. job losses slumping factory orders headlines we've recently read about german industry discouraging trade wars and breaks that are to blame no doubt but industrial orders a surprising analysts today increasing by 2 and a half percentage or that's a bit of hope and the biggest rise in 2 years but it's probably just a blip. in june the clouds parted german industrial orders beat the for costs and landed some major contracts siemens win

remove south korea from whites list of countries with preferential trade status last week seoul is in a dispute with tokyo over world time for slave on the whole. in geneva the 50th session of the intergovernmental panel on climate change is coming to an end today the week long conference was all about future technologies to mitigate climate change while everyone is talking about renewables and wind and solar and electric cars remember fuel cells that were once hailed as the solution to all of our energy problems the technology is suspiciously missing from the agenda these days before we talk about why that is here's a quick reminder of the technology fuel cells were developed nearly 180 years ago and the car industry has been researching them for decades now but only a few coming because have released fuel cell powered vehicles why is that bad news well fuel cells create energy for electric engines by using just hydrogen and oxygen the beautiful part. because exhaust is only water vapor no toxic fumes no particles and crucially no c o 2 and unlike battery powered electric cars those with fuel cells can t

tokyo and seoul have been at loggerheads for decades over the sovereignty of the islands. has opened a museum to mark the 75th anniversary of the city's liberation from nazis. the museum is located underground, in the former command centre of the french resistance. it's named after two key figures from the resistance — general philippe leclerc and jean moulin. a banksy mural showing a star being chiselled from the eu flag, a reference to brexit, has been mysteriously covered with white paint and scaffolding. the artwork appeared near dover's ferry terminal back in 2017. it is not clear whether it has been painted over or someone has removed it to be sold. tens of thousands of rohingya refugees have rallied at a camp in bangladesh to mark two years since they were forced to flee a brutal military offensive in myanmar. some carried banners commemorating what they described as genocide remembrance day. akbar hossain reports. they turned in their tens of thousands — rohingya muslims, calling for justice. the parade for those killed by the myanmar military. this is their rohing

we have markets opening in tokyo, sydney, and seoul at the top of the hour.g is here to tell it -- selina wang is here to tell us what to watch. selina: i am looking ahead to the market open. it is looking like another weak and volatile day. look at the nikkei futures, down more than 2.7%. australia down more than 2.65%. open.nts to a very weak investors seem to be grasping what the potential means for a protracted conflict between the world's two largest economies. we saw, as we mentioned earlier, haven assets like gold and the yen really rallying, and bitcoin attaching -- approaching $12,000. traders were really rushing to hedge their positions. boards, in addition to all caps literally around the global macro picture, there are also a slew of earnings coming out of japan. some of the stocks i am watching include softbank corp., which reported earnings yesterday, revenue, and income gains. the mobile segment increased due to subscribers due to its plus plan. i am watching out for earnings at united arrows, which operates fashion stores. paul: thanks very mu

trade between south korea and japan has led to more rallies in seoul the dispute escalated on friday when south korea was removed from tokyo's favorite trading nations list seoul says it's now considering scrapping all intelligence sharing robin pride has more. the former site of japan's embassy is often the focal point for protests against japan. after the removal of south korea from tokyo's list of preferential trade partners this protest was especially passionate. this is them declaring economic war and firing the 1st shot war you war on the campus of my heart goes out to the japanese to have politicians who act like birds. it's a deepening dispute borne out of decades old animosities supported by those old enough to have experienced japanese colonial occupation in the last century. along with young people born in this century. many south koreans have been boycotting anything japanese avoiding holidays to the country causing airlines to cancel flights refusing to buy japanese goods helped in this tech savvy society by apps that tell you instantly which goods to avoid a government level the mood is palpable from the frosty

independence from japan's colonial rule he warned global trade may suffer he said seoul will gladly join hands of tokyo wants to resolve the dispute through dialogue that escalated last week when south korea was removed from tokyo's favored trading nations list just. a country that developed 1st should not hinder the ability of a country that is currently developing to continue growing we hope that japan will play a leading role together in facilitating peace and prosperity and used to asia well contemplate the past the bright misfortune to its neighboring countries. now china is calling for the sword of the lord to be used to restore order in hong kong meanwhile donald trump has offered me a change in paying to discuss solutions tweeting i know president xi of china very world has a great leader who very much has the respect of his people he's also a good man a tough business i have 0 doubt that a president xi wants to quickly and humanely song the hong kong problem he can do it personal meeting. asian stock markets have opened lower just hours after the dow jones suffered its worst loss of the here i

sophie: we are a half-hour away from the open in tokyo, sydney, & seoul. softbank beating those first quarter estimates by a wide margin next evaluation gains from vision fund investments. softbank says it will start making those investments in the next 1-3 months. rakuten andg unicharm reporting earnings. a beauty company has been embracing technology, recently launching an app subscription service that promises to give m&a tailored skincare regimen. the china offshore yuan right now blowing past that seven level. yesterday, we did see the pboc rate.at we are waiting on today's fixing as a key policy signal. investors are worried that it could break seven, which is a sign that room for depreciation could loom large. label forina's new the u.s. as a currency manipulator, the latest data showed minimal intervention and we will be getting more of that later this hour. paul: oil prices are recovering in new york after saudi arabia says it is considering all options to stop the decline. this halts a three-day decline in crude prices. james thornhill joins us n

seoul correspondent laura bicker. this is the level of anger some in south korea feel towards japan. in disgust, this man is destroying his japanese—made car, an act of defiance just days after tokyot. we've even recently cancelled our trip to japan. this dispute comes after decades of mistrust. when japan occupied south korea from 1910 to 1945, prisons such as this one were used to silence and crush dissent. around 500 inmates were held here, including women and children. some of them were tortured. it is a time south koreans have never forgotten, and more importantly, have never forgiven. tens of thousands of koreans were forced to work injapanese mines and steel mills without pay during the second world war. they said we were treated as slaves. japan maintains these issues were resolved by a treaty signed in 1965. but a supreme court ruling in seoul decided last year that workers and their families were owed compensation. this 96—year—old man is one of the few survivors from that time. translation: they told us that we would study and learn technologies from japan, but when we went, there was no studying. just doing a lot of hard manual labour. i had to move heavy steel from on

kathleen: markets are opening in tokyo, sydney, and seoul at the top of the hour.hing? selina: we are seeing a little bit of relief for the asian markets on the last day of trading in august. seeing green across the board with nikkei futures and coffee futures up one for -- cost be the -- kospi futures up 1%. we saw it better than expected industrial production but worse than expected retail data. all eyes will be on the bank of korea rate decision. switching more than taking a look at treasury futures, treasury futures are pointing to some of those declines. the rally paring back a bit on some of that cautious optimism on trade with more cash moving into the equity market. see how thatto continues. kathleen. paul. paul: thanks very much. coming up on the next hour of "daybreak asia." we will discuss what we can expect as asia-pacific markets come online. what has been a big week for think earnings in china. we have got the market open, up next. this is bloomberg. ♪ paul: good morning. i am paul allen in sydney. asia's mak major markets are bak open for trade. kath

i expressed that to my counterparts as i met with them in tokyo to seoul and encouraged them to work it out between them and i'm a half glass full person as well, i hope they get beyond this because as i articulated to them we have common threats facing us, north korea and china and bigger threat and we are stronger when we work together and when you look at the ledger we share more interests and values and things in common than we do not and i want to build upon that and hopefully resolve this quickly, move forward and get back on the track we need which is thinking about north korea in the near-term and china in the long-term and how we work together, broaden our partnerships, strengthen our alliance and be prepared for the future. >> i haven't seen an impact on military operations but i share the secretary of state's appointment and what i view as a setback in the relationship between south korea and japan. it's an important relationship. admiral davison works on that, i have been a chairman and have a good relationship and it is in our collective interests for us to have an effec

it's what is denying us the opportunity for seoul and washington and tokyo to be thinking about caseslike vietnam or indonesia, the mekong delta, place of warming may be able to convert our interest into something more than we already doing to kind to demonstrate the enduring value of rule set that is open and transparent and moving in the direction we want. not anti-china but pro-order in terms of rules-based systems. my basic point is the united states cannot afford the extravagance of choice among our closest allies. instead of managing the proliferated north korea and unassertive rising china we must now manage the perception that the declining superpower and regional security architecture, that's what it's risk. the narrative is china is using against this is we are declining, differences go system is archaic and anachronistic, no, not true. we need to be adapting, , creative, agile, working together and working around these problems. i'm going to into my comments there but but i think the impan you strategic goals is significant enough for us to be far more active than we are no

i expressed that to my counterparts as i met with them in tokyo and seoul and urged them to work it out. i am a glass half-full person, i hope to get beyond this, i have articulated and then that we have common threats, north korea and china, and bigger threats. we are stronger when we work together. again, when you look at the ledger, we share more interests and values than not and i want to build on that, and hopefully move forward and get back on the important track we need, which is really thinking about north korea in the near term and hina in the long term. how do we broaden our partnerships and strengthen our lives. >> i have not seen an intact and military operations right now but i share the secretary's disappointment in this what i view as a setback in the relationship between south korea and japan. important is an relationship. i worked on it --i have worked on this every day, and i have a good relationship with the chairman. i think it's in our collective interest for us to have an effective relationship and we will continue to try to work and get back in a positive directio

markets kick off in tokyo, sydney, and seoul at the top of the hour. let's go to sophie. e may be a lack of conviction in tokyo and sydney. we could see pressure come through on the coffee. checking in on bonds, you have aussie notes tracking the overnight moving treasuries with yields rising about three basis points. -- under pressure ahead of the 20 year debt sale. are trading at 2016 lows and iron ore futures this morning in singapore just nudging slightly higher but not too far off the april low given the rout we have seen in the month of august. bhp in the limelight. earnings jumped to a five-year high. it is set to increase shareholder return. that is a snapshot. this is bloomberg. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go b

. >> a meeting in beijing was hosted with counter parts from tokyo and seoul and the chinese minister a joint news conference he would like japan and south korea to find a way to solve the issue. now relations have been strained since last october after court rulings ordered japanese companies to compensate wartime labor followed by tightening controls to south korea. trips to japan have also become a target travel reservations to japan fell over 30% on the year in july with august plunging 80% the airline said it will suspend six more roots utes to japan as other budget airlines have followed suit. meanwhile, japan has approved shipments of an essential material from manufacturing semi-conductors after removing south korea from its list of trusted trading partners this month. the amount equivalent to six months of production and some say it has a positive signal from japan sent ahead of the three nation meeting but concerns still remain. now the three foreign ministers say they discussed preparations for a top level summit later this year and efforts to reduce nuclear tensions in reg

korea‘s military weapons industry because of —— before they can be sold seoul said they will scrap the military sharing pack. tokyothe world war ii says were settled and essentially this whole row has been going on for some time and it flared up injuly. japan imposed controls on things crucial to south korea‘s companies. samsung was hardest hit. they produce more than 60% of memory chips globally. we have seen semiconductor sales plunge 30% and a nalysts say semiconductor sales plunge 30% and analysts say a version — make further escalation could disrupt global supply chains as the world wrestles with the intensifying us— china trade war, for instance. it might also lead to higher prices for things like smart phones and other consumer items and it will mean things getting more expensive for you and me. now let‘s brief you on some other business stories. malaysian ex—leader najib razak‘s most significant 1mdb trial begins wednesday, centring on allegations that hundreds of millions of dollars linked to the state fund ended up in his bank account. mr razak faces charges of 21 counts of money laundering and four of a