let's go to our asia business hub, where shara njit leyl is following the story.is the main driver of samsung's earnings? well, it is a number of things but mainly their chip business. essentially, another record profit being projected there, there is a demand for memory chips, it started in the second half of 2016 and what the technology giant has estimated as its operating profit for the first three months of this year at nearly $15 billion, that is up nearly $15 billion, that is up nearly 15% in the previous year, which in fact was much better than forecast an analyst saying that memory chips, of course, remain the main driver of samsung's earnings. they account for some 75% of its operating profit, they are incredibly reliant on it, even though there are some warnings within the industry that cycle for chip may have peaked and they will not be able to sustain this level of demand for much longer. samsung, of course, also has a mobile business. it is believed to have fared much better than expected in that period and that is thanks to the warmer reception for i

let's go to our asia business hub where shara njit leyl is following the story.rds to the event going on web resident xi jinping is about to speak. event going on web resident xi jinping is about to speak. president trump rejecting that china would ta ke trump rejecting that china would take down its trade barriers because as he put it, it is the right thing to do. that is coming in as a bit of a hint of optimism in the escalating trade between the world ‘s two largest economies and of course, this after all of that stuff that transpired last week, where the us president threatened to slap $100 million —— 100 un dollars more of trade paris, where china said it would respond with countermeasures. it will continue to be the focal point this week because we are a hearing next from xi jinping, point this week because we are a hearing next from xijinping, who will deliver the keynote address at the asian version of the world economic forum, beginning on the resort island of hainan. investors will be looking for any escalations of these trade tensions and how hard chin

and welcome to asia business report, i'm sharanjit leyl. welcome to asia business report, i'm shara njit leylcome to asia business report, i'm sharanjit leyl. we start with stocks, and on wall street they recovered from big falls earlier in the trading session, and in fact if we ta ke the trading session, and in fact if we take a look at asian markets, they have also opened mainly higher amongst the markets that are open. the nikkei in tokyo and australia's all ordinaries are taking their cues from wall street as well, the reason being that investors are now getting that back and forth para threats between the us and china will not lead to a bigger trade dispute. it took beijing about 11 hours to respond to the trump administration's latest list of products it plans to hit with a 25% tariff. china says it plans to impose additional tariffs on 100 and us product, including soy beans, ca i’s us product, including soy beans, cars and orange juice. us product, including soy beans, cars and orangejuice. is us product, including soy beans, cars and orange juice. is there a way a trade war can be av

nothing has gone into effect yet shara njit leyl. this is a negotiation tactic on both sides have actually said that they want to keep talking before any of this actually comes into effect. and he will be watching this very closely for us. thank you forjoining us. —— and you will be. the commonwealth games are getting under way on australia's gold coast. the prince of wales and the duchess of cornwall attended the colourful opening ceremony, which featured plenty of aboriginal motives. more than 4000 athletes from 71 different nations and territories are set to compete. and for the first time at a major multi—sport event, there will be the same number of men's and women's medal events. i spoke to chris mitchell, who is there on the gold coast. i feel a little bit ifeel a little bit weary, i have to say. it was a late night last night with prince charles and camilla at the opening ceremony. that ended way after 1030, then we had to make our way back through the busy streets here. now the condition gets under way. you had to feel for a