we have grab and singtel giving up together.omberg. ♪ this is bloomberg. ♪ shery: markets open in tokyo and seoul at the top of the hour. let's turn to sophie. sophie: the kospi could see losses. begin futures on the pressure ahead of the holiday for japanese markets tuesday to friday. in tokyo we are watching softbank as the fast ceo leaves the board after 18 years. he is one of the few board members who could go after masayoshi son. and to stem the profit slide. toyota in view after being fined by the anti-corruption regulator. a former government minister as -- new ceo after a scandal over improper sales practices and insurance. thank you. in the next hour of daybreak asia, and bmg group cofounder and managing cofounder paul goebbels will join us. stay with us. this is bloomberg. ♪ ♪ >> good morning, i am paul allen in sydney. asia's markets have just opened for trade. >> i am shery ahn. sophie: i am sophie kamaruddin. welcome to daybreak asia. paul: our top stories this monday, volumes may be low but sentiment seems high as

singtel will hold the rest. grant as many as five virtual bank licenses. pledging to improve the company's finances. a deal on monday is expected to show mounting losses. this is fueling competition from teslas china. models of the tesla three. shares have plunged 61% since the debut last year. this u.s. billionaire is nearing to purchase of the italian soccer club from roma. he is buying the club from its main shareholder. it team would be valued hundred 72 million u.s. dollars. shares have surged 9% in italian trading on the prospect of a deal. pressure across asia, let's turn to sophie for what to watch. sophie: we will be watching china. they ordered banks to shift all existing loans to the new loan prime rate. it is 20 basis points lower than the old benchmark line. moving along, a snapshot here in hong kong. we are mainly very much elevated. this is the biggest premium in about 20 years. paul: therefore we handed over to bloomberg markets china open, let's get a snapshot of how we are trading right now. we