shery ahn, cohost of "bloomberg asia," about to go on. inking about this while day in the u.s., how do you think about this playing off in your trading? shery: we are seeing now need k futures trading slightly any positive territory. -- nikkei trading slightly in positive territory. already in correction. new zealand already selling on monday with costs in the new york bear markets down from the recent high. also, china seems to be a little bit different because we saw the golden nasdaq china dragon index falling 1.8 sent and they have video syncretic news as well. mainland markets near bear market territories are watching airlines in china because they are continues to be tension between the u.s., china, the government here banning flights over covid testing protocols. romaine: well, you have got a lot of work to do here. shery ahn, coanchor of "bloomberg daybreak: asia," which will come on in a few moments and we will see if they follow the lead the sought the end of the day or more like what we saw at the beginning of the day here in th

yvonne: i'm shery ahn -- shery: i'm shery ahn in new york. hot u.s.ther bakes in market expectations for a march rate hike. china's political meetings as the virus flareup

yvonne: i'm shery ahn -- shery: i'm shery ahn in new york. hot u.s. inflation further bakes in market expectations for a march rate hike. china's political meetings as the virus flareup near beijing raises concerns over the winter olympics. plus, the u.s. house nearing a deal on the china competition bill that could pump billions of dollars into the chip industry. haidi: let's take a look at how we're settling into the first few minutes of trade here in australia. we have future showing a little bit of downside as we process implications, not just for the fed, but how the tightening path is going to affect other global central banks, particularly here in asia, where they may face the choice between keeping up with the fed and maintaining support with the domestic recovery, as well. we are seeing a pretty much unchanged session, watching crown results as they get closer to that deal with blackstone. kiwi stocks are up .3%, with lots of analysts projecting further volatility in its currency given that we are seeing some of the central bank divergence co

i'm shery ahn. >> i'm paul allen it cindy. -- in sydney.for a choppy trading session after banks march lift off lead further hikes. treasuries slide while the dollar jumps. south korea's largest ever ipo starts trading. lg energy solution ranks as the third biggest company on the kospi. samsung posting fourth-quarter earnings missed. business uncertainties looking safety persist. shery: japan and south korea coming online. we are waiting for the kospi to start trading. -- up three tenths of 1%. -- point in percent. we are really mindful of the kospi heading towards bear territory. finally higher, but muted at the open. we are still waiting for the traded of lg energy solution. it would rank the third biggest company on the benchmark kospi after soft and electronics. we are watching samsung electronics to start trading. they just missed analyst estimates on their fourth-quarter profit because they had a special bonus. not to mention increased spending. turning to japan. we see the nikkei gaining .3%. led higher by financials and energy. the

. >> i am shery ahn in new york. welcome to daybreak: asia. asian stocks set to slip as debt buyers help wall street to relay rebounds. jay powell vows to focus on inflation as he faces his senate confirmation hearing. china state on property developers taking market share from distressed rivals to review contagion risk. >> breaking news out of south korea. we are getting the current account. $1.5, widening from the previous month when it narrowed to $6.9 billion. a good balance also widening to $5.9 billion. this is also narrowing -- widening after the contraction we saw in the previous month. we continue to watch those shipment numbers. export continue to grow in the double digits. demand started to stabilize around the region. supply chain disruptions are easing but the big data point will be the be ok rate decision -- bok rate decision we are looking forward to this friday. >> lots of fed speakers all about central bank action. the implications for equity markets and sentiment as well. look how it is shaping up when it comes to the start o

shery: i'm shery ahn in new york. welcome to "daybreak" asia cautious open aztec drag down u.s. -- as tech dragged down u.s. stocks. the feds most of his policymakers shifted. now backing to hikes to counter inflation risks. the chief supply crunch set to continue with the wage rising since at least 2017. >> just open for trade in australia. the asx moving very modestly higher at the moment. a couple of points. we have the staggered open. when we get going, it might be worth keeping an eye on retailers, and that one that owns the coals chains. retailers here facing increasing challenges in keeping the shelves stocked with a number of critical transport workers being forced to stay home in isolation after contracting coronavirus. if we take a look at the museum and back trading for the first day of 2020 to come up pushing higher by about .5%. playing catch-up. nikkei futures kind of flat. along the 10 year in australia, as well. nudging a little higher after we saw it spiking yesterday following the u.s. tenure. curren

shery: i am shery ahn. welcome to "bloomberg daybreak: asia."s said to open weaker after a selloff in u.s. tech. minutes suggest rate hikes may be more aggressive with a faster trimming of the balance sheet.

shery: i am shery ahn. welcome to "bloomberg daybreak: asia."int hike in march possible. china's manufacturing sector loses steam, and a housing market

. >> i am shery ahn in new york. welcome to daybreak asia. the fed sent to pressure asian traders.t of trading.

shery: i am shery ahn in new york. welcome to "daybreak: asia."ut fed tightening cause stock concerns. the rate hike may be more aggressive than expected. cryptos stabilize after a weekend rout t

shery: i'm shery ahn in new york. to "daybreak" asia cautious open aztec drag down u.s. -- as tech dragged down u.s. stocks. the feds most of his policymakers shifted. now backing to

. >> i am shery ahn in new york. welcome to daybreak: asia.s set to slip as debt buyers help wall street to relay rebounds. jay powell vows

i am shery ahn. >> we are counting down to asia's major market opens. top stories. china may post its weakest growth in more than a year fueling expectation that the pboc could cut rates to boost the economy. china reports its first omicron case. just before the winter olympics. novak djokovic check departs australia. a federal court upheld the decision to revoke his entry permits. let's take a look at our asia markets. after the huge waves of volatility last week, we have prints when it comes to the state of the chinese economy. we are seeing a little bit of downside already. a second straight session of losses. kiwi stocks. when it comes to aussie futures, we are looking positive but we did have two such -- sessions of losses. so much of it depends on the data coming out of china and the softness we see in that economy. nikkei futures up 0.1%. we are getting the latest numbers on the virus situation coming out of new south wales and victoria. new south wales reporting 20 -- 29,540 cases. lower than the last few days but the rapid antigen test that are part of the

. >> i am shery ahn. investors weigh omicron concerns as markets get set to kick off trading in 2022. >> china's property developers face mounting woes. >> tesla caps a year in which the ev company topped the trillion dollar club. i speak for everyone else where we say that we hope the new year will be better than 20 21 although covid-19 continues to rage on and we will -- and we may see people continue to work from home. oldman about to backtrack asking -- goldman is about to backtrack about to ask employees to stay home until january 18 if they can. and flight cancellations around the u.s. given that staff shortages have occurred. >> cases in australia dwarfing what we saw with the delta variant. we had 18,000 new cases in new south wales yesterday and more than 7000 in victoria. hospitalizations about where they were with the delta wave but even scott morrison has said that someone in his household tested positive yesterday to covid but according to the new rules come he doesn't have to test or isolate

shery: i am shery ahn. welcome to "bloomberg daybreak: asia." a 50 basis point hike in march possible. china's manufacturing sector loses steam, and a housing market drop drag on activity of small firms. the u.s. and u.k. work on russian sanctions rebound, the pentagon says putin is still boosting troop levels around ukraine. paul: let's look at how we are trading around australia and new zealand at the moment, it is a staggered open but we are off to the tune of about .25 of 1%, new zealand paring some of its early gains, 1% right now after we saw a positive close for u.s. stocks at the end of last week. nikkei futures headed for a brighter open, a lot of markets will be closed today for the start of the lunar new year holiday, there will not be any trading in china or taiwan or south korea, vietnam also closed. crude oil still trading, continuing to show gains, although more modest compared to what we were getting used to, 87.54 four a barrel. s&p mini futures have begun trading, pretty flat right now. i hawkish fed, emerging markets are stumb

shery: i am shery ahn in new york. welcome to "daybreak: asia." worries about fed tightening cause stock concerns. the rate hike may be more aggressive than expected. cryptos stabilize after a weekend rout that has a raised more than $1 trillion from the market value. plus we speak exclusively to the suntory president and ceo about the pandemic, wage inflation, and changing consumer trends. paul: markets just opened in australia and unsurprisingly we are seeing some selling, the i.s. -- the asx 200 already of. we saw some selling last week. new zealand has started and has gotten weaker ever since, of more than 2%. nikkei futures are flat as our futures for the s&p. the aussie dollar is at 0.7176 . we will see how things evolve, but right now of one third of 1%. haidi: the roller coaster ride for cryptos continue. shery: many of them were crushed in a brutal selloff that has raised more than $1 trillion from the market value. bloomberg's su keenan joins us with the latest. we are seeing some stabilization in asian trading. what is going on? su: we

i'm shery ahn. haidi: and i'm haidi stroud-watts. asia's major markets just open for trade.tories this hour. apac stocks are set to fall after a late day reversal on wall street. the nasdaq 100 sinking into correction. pressure on china tech. beijing vowing to slow the curve on influence on market. evergrande offshore bondholders up in arms about what they call the developer's opaque restructuring plans. shery: breaking news out of south korea. we have the trade numbers for the first 20 days of the month, exports rising 22%. double-digit gains also for imports in the first 20 days of the year, rising 38.4% year on year. this comes after a lot of deceleration in the month of december. we have seen external demand normalizing. the base of comparison becoming less favorable for south korea. still when it comes to chip exports, they did rise by 25% they did rise by. we continue to see those double-digit gains. take a look at how markets are trading. we are seeing broad downside pressure across markets in asia with the kospi down 8/10 of 1%, reversing that gain from the previous

shery: i am shery ahn. welcome to "bloomberg daybreak: asia." asian stocks said to open weaker after a selloff in u.s. tech. minutes suggest rate hikes may be more aggressive with a faster trimming of the balance sheet. omicron also waiting on investors minds with strict virus control measures. paul: currently weaker but what if of 1%, we have a staggered open insignia. the downtrend evident at the moment as one might expect after what we saw in the united states with a considerable selling on major indexes after the fed indicated a faster path of production and implication tightening as well. new zealand has been treating for a while, off by .551%. nikkei futures off but -- shery: we continue to watch the u.s. futures base, we have that selloff in stocks and bonds deepening in the new york session, tech shares took the brunt of it. we continue to see a bit of pressure but muted at the open when it comes to futures right now. we are seeing wti reversed with some of those earlier games, u.s. inventories fell for a six week and that sent the price

i'm shery ahn. paul: and i'm paul allen in sydney. asia's major markets have just opened for trade.cks looked to recover losses triggered by powell's hawkish tibbett. -- pivot. the dollar jumps. apple has record sales and signals it has tamed the supply chain crisis. china bricking up evergrande to contain the private sector crisis. shery: japan and south korea coming online. you're seeing upside for the nikkei and topix growing 1%. the nikkei taken to the lowest in november 2020. the topix in contraction territory, so we could see movement in the opposite direction. we continue to see significant weakness given the focus on the divergence between the boj and the fed. this as we are also getting core cpi numbers, missing expectations and coming in at 0.2% growth year on year for the previous month. take a look at the kospi right now, gaining 0.4%. we are also seeing one of their stocks that we have been following, sk hynix, which came in with operating profit that beat estimates, now gaining more than 1% at the moment. this as the kospi just entered a bear market after falling for t

i'm shery ahn. haidi: and i'm haidi stroud-watts in sydney. markets just opened for trade. traders weighing in a negative session with corporate earnings and tighter monetary policy. the shift away from tech sees the nasdaq in correction territory. a chinese property hopes a lighter touch from beijing. plus the standard chartered of technology posting a post-pandemic rebound. shery: energy leading those losses. we are seeing wti right now reversing that gain that we saw with the crude prices at that seven-year high in the new york session. financials also loosen. the japanese yen holding at the 114 level. we saw it at the highest in about a week in the u.s. dollar given the risk off sentiment we have seen broadly. we did get those trade numbers out of japan. export numbers beating expectations, coming in at a agin of 17.5% -- at a gain of 17.5% year on year. import prices gaining 40% given weaker commodities prices. kospi unchanged at the open. the longest losing streak since november. five sessions of losses already for the kospi. we see the

. ♪ ♪ shery: welcome to "daybreak: asia" from bloomberg's headquarters in new york, i am shery ahn.aidi stroud-watts in sydney. asian markets just opened for trade. asian stocks start on the cautious note as investors are bracing for bond market volatility with the risk of faster rate hikes. mainland china and hong kong are recording community transmission of the variants. and our first interviews from the ubs greater china conference, our ubs securities chairman is among the guests. shery: japan is on holiday today celebrating the coming-of-age day, but we are watching the kospi. we are talking about some consolidation after finishing last week with the best in about a month. the korean won is gaining a little bit of ground against the u.s. dollar. but this is coming after the longest run of losses in over three months against the greenback. seven sessions of losses versus the dollar. of course we have expectations of the fed timing. the key data point to watch this week will be the bank of korea. it may raise its benchmark interest rate 25 basis points to 1.25 percent. japan is aw

i'm shery ahn. paul: and i'm paul allen in sydney. ages major markets have just open for trade., a precocious stage -- start. looking ahead to the fed's policy decision. president biden says vladimir putin is at risk of personal sanctions over ukraine as europe struggles to form a unified strategy. softbank in focus, nvidia could abandon its purchase of arm after struggling to reach approval for the deal. shery: a little bit of a mixed picture in japan equity markets right now with the nikkei under pressure. we are seeing sectors like communication stocks falling and leading the declines. but the topics gaining .2% after it entered correction territory down 10% from its december peak. we have ppi numbers earlier today showing growth of 1.1% for the services sector. we have also the boj releasing opinions for the january policy meeting, saying that it should add easing without hesitation coming from one board member. the japanese yen very close to that 114 level against the u.s. dollar after seeing significant strength in the past given risk off sentiment that we've seen globally