let us see how the asian markets are shaping up with sophie kamaruddin.h we have a gloomy day outside in hong kong, it looks like asian stocks are looking fairly up the this mine with japanese stocks leading the charge in the region following the latest japan trade data, confirming the economy is chugging along despite a slightly lower export growth we saw from a. .4%.ikkei 225 up asian currencies also on the front with the kiwi dollar and korean won leading gains with asian stocks moving upward, they have been rising in a tight upward channel since december. if they can sustain this see the original benchmarks surpassed the 2015 high from the start here. let us check in on what is going on in sydney. putting the asx 200 on course for a second straight day of gains. utilities and financeading the advance. consumer cycles falling over 1%. woolworths and was farmers -- west farmers following their counterparts after amazons megadeal to buy a whole foods -- to buy whole foods. giantn the wake of the confirming it is no longer looking to take over i nomura re

sophie kamaruddin.hie: barclays is increasing the size of the stakes it is selling in its south african unit to raise 2.9 billion dollars. the london-based lender is offloading 285.7 million shares of barclays africa equal to a 33.7% stake create it has plan to sell a 22% stake as part of a plan to shrink operations and bolster capital. and agreeing to sell nonperforming loans with a value of 2 million euros. according to two people with knowledge, the sale was in line with the net assets and has no significant impact on the italian banks capital ratios. mitsubishi motors may have to abandon one of its best-known models as it tries to recover scandal.el economy speaking as closely to bloomberg, the carmakers ceo says he plans to increase spending on r&d well considering whether to keep making the likes of the pajero suv. >> whether we continue with the model depends on whether there is a market for such a vehicle. we need to decide if it is worth investing a huge amount of money and human resources to p

let's get the latest with sophie kamaruddin. spite the slump in oil prices, that perhaps is not putting a dent in sentiment in the equity state and asia. we do have copper on the rise, up over 1.5% in shanghai. perhaps to be seen more as a barometer when it comes to global economic health. the correlation between oil and stock volatility has been seen easing, so perhaps we are able to shrug off what we are seeing in the oil. oil futures are still signaling weakness, the likes of exxon and chevron contributing most of the decline. asia's stocks could lend some share given the rally we saw in biotech and tech shares overnight on wall street. we do have japanese shares marginally lower, a drop for a second day with the yen little change. korean stocks are snapping a two-day decline. all the shares are up -- aussie stocks are up .2% after falling 1.6% on wednesday. shares in wellington and kiwi dollars are on the rise after the rbnz indicated no plans to raise rates anytime soon. are centralat banks in the philippines and taiwan, no

let's get the latest with sophie kamaruddin. estion whether the new k to 25 could power ahead given the performance to push it above 20,000 -- nikkei 225 could power ahead given the performance to 20,000.above to with the benchmark still above 20,000, japanese stocks still on a roll this year, but goldman sachs says it is getting harder for u.s. clients to get excited despite dollar returns outpacing what we see for u.s. stocks. investors remaining under way japan. with the labor squeeze ramping up, that could be seen as a megatrend for investments in the long run. taking a look at the kospi swinging between gains and losses after powering to a new high on friday. we do have health care and consumer discretionary stocks on the uptick. we did get south korea announcing additional fiscal stimulus measures with plans to add $10 billion to the budget to create 86,000 jobs. kospi and the won our an example of a double whammy trade, outperforming equities, outpacing the u.s., europe, and japan. stock that is capturing the story, samsun

shanghai and hong kong open, let's get to sophie kamaruddin, the aussie dollar and its move as well. sophie: chinese stocks adding to that picture, the shanghai composite extending wednesday's drop, down .1%, headed for a weekly decline, but chinese stocks on course of snapping three months of losses. 1%hong kong, shares are down , halting a two day prize. the question we are posing after the fed rate hike is what will the pboc do? there deleveraging campaign is making headway. today, the pboc strengthening the yuan daily fix the strongest since no camber. -- since november. goldman's sees medium-term stability for the yuan. , closer look at the hang seng falling over 1%, consumer discretionary stocks falling almost 2%, and real estate on the back foot. the hong kong monetary authority is urging homebuyers to consider risks after the fed rate hike. we had hong kong follow the fed when it came to that move. steps will be taken the property market risks continue. they have been grappling with escalating home prices in hong kong. certainly, yeah, yeah, quite a political and social issue

let's get it straight to sophie kamaruddin and a positive trading day. sophie: so far. the asx 200 come up .1%. consumer discretionary stocks on the rise, consumer staples still falling over 1%. as paul mentioned, retail sales figures exceeding estimates for the month of april. turning to the market open in shanghai, stocks there snapping a three-day gain ahead of the caixin manufacturing pmi out in the next 15 minutes. on the hang seng, resuming gains for an eighth day. hong kong stocks ending may with a fifth month of gains, the longest winning streak since 2013, one of asia's best performers, so extending the lead over the shanghai composite. the rally in tech in financial stocks helping that advance. says investorsal are expecting housing to outperform. the pboc setting the daily yuan , the strongest since january 6, and the strongest since november 10. rised see the onshore yuan past its 200 day moving average for the first time since the august 2015 the violation, but this jump may not imply a broader market impact. from the regression analysis on your terminal, l

here is sophie kamaruddin. sophie: we do have asian stocks lower by .33%.okyo despite a disappointing first-quarter gdp read, calling into question the gd -- the sustainability of the recovery. closerseeing the yen at to 110, providing support for the nikkei 225, up about .1%. thanks, exporters leading the charge, financials up about .7% today. we have got to keep in mind the first quarter gdp is the fifth quarter of expansion for japan. taking a look at some of the stock for our viewers. tdktronics component maker today adding 4% and over 11 points to the nikkei 225. we have volumes at doubled up 30 day average for the stock. it was raised to a buy at city. shares trading at the highest level since august 2008, oasis management saying the stock has an upside potential of 49%, pointing out good corporate governance at the company. toshiba climbing for a third day as it tussles with western digital. take a look at what is happening in seoul. we have the kospi deepening the days losses, down about .33%, set for a third day of declines. energy stocks, the bigg

sophie kamaruddin has more. the fed markets having more time to digest yellen and company, so treasuries easing gains, but asian bonds maintaining that rally after the u.s. 10 year yield dropped the most in a month overnight. u.s. futures signaling a softer open, and asian equity markets looking like a mixed picture. aussie shares are deepening losses, miners and energy companies dragging the most in sydney, sending the asx down .9% as crude falls below $45 a barrel adding to that 3.7% drop in the new york session. we'll has lost nearly 8% this month. resources stocks are also laggards, but korean shares are keeping the kospi afloat when it comes to the tech industry. , a gaining to the kospi of .1% this morning, shrugging off that tech tumble on wall street. the korean won leading asian currencies higher as the dollar could test a new low. the offshore yuan looking steady. the medium stability is in the offing. we are waiting to see what the pboc may given that the fed has raised rates. some movers this morning

but check in with sophie kamaruddin. sophie: something has to give here.en stalling for seven weeks for global stocks. they are taking a slightly cautious turn here on the week with plenty on the agenda. markets are closed for a holiday today. stocks taking on a third of a percent. we are seeing oil erasing gains. traders are now downplaying the impact of energy. we haven't below $50 a barrel. watchare something to before european counterparts dropped. seeing are saying -- gold cover at 12.80 announce. take a look on your terminal. at xe on your next panel. there is what is going on with currencies. there is what we are seeing at at 110.37.e yen the kiwi dollars down. take a look at the majors on your terminal. looking at the at xe function. taking a look at what is going on at cable. what traders are focusing on in the upcoming election in the u.k.. we do have the euro around 112 ahead of the ecb policy decision. watchro yen is paired to this week. 110 on the latest u.s. data. that is pushing the dollar on the lowest since october. we have the aussie doll

manus: thank you very much, sophie kamaruddin.our european government editor, thank you for coming down. this election,d coalition chaos, that is potentially what you are going to get. where should we start? it is just political chaos from parliament. this is the worst case scenario for theresa may and the tories. casesolutely, the worst scenario for the country and the markets. theresa may made an appeal for stability, but it looks like the last thing she is going to get. remember that two weeks ago we were told the tory strategists were laughing at the idea of a hung parliament. now that looks like exactly what we are going to get. manus: that is the hard right someone say. a cio fromrlier with asia and he said a hard brexit is potentially off the table. we could assume a dissipated perhaps not the prime minister in six months time. >> her future is very much in doubt. brexit, there are scenarios of that it could be that she tries to limp on in her own coalition with the unionists. she could bety is, beholden to the hard brexite

let's get to sophie kamaruddin. paris agreement, aheads have vowed to push after president trump pulled out of the agreement. others, italy, and signed of letter saying they will not renegotiate. theresa may expressed her disappointment to trump. the trump administration has asked the u.s. supreme court to immediately reinstate its travel ban. the initiative is before the nation's highest court, bringing the justices into a claim that the president is abusing minorities. james comey will testify before the senate intelligence as theee on june 8 russia investigation moves onto the public stage. he will him. appear in an open session. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. thanks very much. let's get back to russia and the international forum where erik schatzker is standing by. he spoke with bob dudley about the impact of the opec deal to expand production cuts. >> it is an unprecedented agreement. the cuts could allow countries t

i am sophie kamaruddin with a check on markets.hares looking mixed today, ending the week on a lackluster no. it was a roller coaster ride. dream came true and entered oil bear category -- territory. this one down 0.4%. onulators poured cool water the potential for chinese stocks to join in the emerging market rally. japanese stocks trading higher, 0.1% after this morning session. other shares slightly ahead of the cpi. those are due later this afternoon. the hang seng said to snap a three-day drop. these lead the laggards after going to macau grew only 3.7%. we have the likes of china resources and gas firms in china higher, jumping the most since 2009. regulators clear the air after uncertainty they see in the industry. these shares jumping as much as 9%. shenzhen climbing in hong kong. a zynga pair-based warehouse operator said to be in talks to join -- it has been growing warehouse property in hopes to boost its logistics business. ♪ emily: this is "bloomberg technology," i am emily chang. facebook ceo mark zuckerberg has writt

that us bring in sophie kamaruddin. oking at what is going on with today's session, we are looking at more losses for asian equity markets after a sour start to that week with the tall malt we thought -- ult we saw in tech shares. this tuesday is looking like more of the same with teachers .ignaling a down day we have the dollar-yen hovering just below 1/10. this is weakness for the session into your. focusing on what is going on with tech shares, there is caution overvaluation having this too far too fast in space. asian stocks in focus today after falling the most this year on monday.down 1.4% asian tech shares are up 29% year to date. samsung led the climbs on the kospi, down 1.6% on monday. it is down this year. while we did see that collapse in tech shares on monday, we have to keep in mind the broader picture when it comes to the space. take a look at nintendo. it sold 2.2% on sunday. it is one of the so-called .unrise stocks in japan investors are feeling optimistic when it comes to the games sector. goldman sachs

yvonne: sophie kamaruddin. sophie: so much for that tech we have been talking about. i.t.s led the rebound on wall street. let me take a look at how is a is set at the open when it comes to the kospi, the nikkei, and the asx 200 over in sydney. we are looking to follow suit. the dollar-yen is pushing higher on a relatively bullish take on these economies. watch out on how that can play out integer. switching the boards here, we have home price data for the first due. moody's downgraded the big four banks. we did see them shrug off a debt rating cut. we will be watching aussies this morning. otherwise, we are going to be taking a look at other shares in the region, primarily asian chipmakers in south korea, following the rise we saw in u.s. peers like micro and amd, which added more than 4% overnight. korean semiconductor players could find opportunity when it comes to the toshiba views. for toshibase woes could mean opportunities for play other players. from now, plenty to come ahead. this is bloomberg. ♪ yvonne: asia-pacific markets look to extend the global rally after t

yvonne: let's bring in sophie kamaruddin. the msci nod asia, another thing could drive asian sentiment today, oil prices back in bear market territory. base metals sliding as the dollar climbs. a weaker open in asia. looking at how the dollar yen is trading, potentially trading in tokyo. itn we take a look at what is around inflation, will sterling weigh on shares in sydney? pulling up the next board, we see how geopolitics is a driver of sentiment and that slump in oil denting the argument that stocks and consumer prices are transitory. that set shares lower in wall street. watch for miners in australia as metals drop. likely to weigh on the aussie. and, reaction to australian banks. so much pain when it comes to borrowing costs seen as relatively good. watchinghat we will be when treating gets und >> going global. chinese stocks are joining the industries taken by $6.9 trillion market. >> oil sliding into a bear market. the bank of england is worried about the stocks. there is no rush to raise rates. a complete change of st

sophie kamaruddin with how the markets are trading at the open.achs in china says there is little to hold back the country's growing debt pile. about how the policy has helped to fuel borrowing. think china's debt, the size and pace, increased significantly in the past decade. 2007, china's overall debt to ,dp ratio was only 100 or 2% about average for emerging market economies. now it is as high as 260% and is still rising. that the deaths are domestic. most of the debt is domestic. secondly, the debt seems to be financed from a high savings rate in china. that is true, but the thing is china's savings rate cannot be so i forever. there is a very unique reason behind china's high savings rate , that is relating to the one china policy -- one child policy. when the one child policy was implemented, the ratio of chinese family sees shrank, driving up the savings rate, but going forward, those families will have a lot of people retiring, and when that comes, you have a surge in china's elderly dependency ratio, which will inevitably drive down the s

sophie kamaruddin there.t word news headlines with steve engle's. >> the latest readings of japan is disappointing, core machine orders fell 3.1%. economists had expected .5 percent gain, orders were up 2.7%, short of expectations of at 7.3% rise. producer prices were unchanged. corrode it is seen as increasingly likely to win a second term ahead of a policy meeting this week. of a,ey finds a third saying he is the only possible contender after his term runs out in april. expectt majority don't any change in policy and tell after governor corrode his current term ins. germany is warning that the saudi-led isolation of qatar could lead to war. the foreign minister the situation could rapidly deteriorate, although there is a chance for resolution. turkey is pushing ahead with the military base in qatar, saying it is for the security of the hole golf. ankara says the impasse must be resolved by the end of ramadan. the half-brother of kim jong-un was carrying 120,000 dollars when he was killed in february at kual