let's get the latest with sophie kamaruddin. ns at record highs, even with japan off-line. there has been dollar weakness going into 2018. we are seeing weakness in the kiwi dollar. after testing the high of 1065. the yen trading near a 2.5 year high. we won't see the effects until japan comes back online thursday. i want to highlight what is going on with of the aussie dollar. it is at a 10 week high, and the aussie 10-year note. extending gains. going back to what is happening with the korean won, the recent gains for the currency are showing the dollar selling against the won maybe overdone, with the index for the pair near a five-year low. citigroup is saying you should ignore that, as the korean won has a strength -- room to strengthen. , which isn the kospi rising for a fourth straight day, most industry groups losing ground. materials and i.t. helping to support gains for the index so far this wednesday. steel miners leading the materials space. pushing theothers sector higher. betty: sophie kamaruddin with an early look a

thanks so much, sophie kamaruddin. news with jessica summers. >> the world's political and arporate elite have delivered robust defense of globalization, as they await president trump his vision, just days after imposing tariffs, saying the u.s. will not be this advantage anymore. he may face a tough audience. i think they are going to be here in their. some renegotiation of existing contracts. but i do not see anything leading to [indiscernible] any significant -- any significant [indiscernible] jay powell succeeding janet yellen. his confirmation comes as part of broader changes. the trump administration still assessing vice chairman. bill dudley quit the coming months. has underlined the importance of elon musk by granting him a $2.6 billion award that can make him a 55 billion dollars, if fully vested over a decade. it is part of tesla's plan to become one of the biggest countries in the world and perhaps make moscow one of the richest persons. it is typical of elon musk, moonshot gold, but little details. philippi

let's find out some more reaction, particular the dollar and other market highlights as we join sophie kamaruddinunction in d.c., we have the dollar holding steady after capping its sixth weekly loss on friday. consumer sentiment a drag, signaling weaker economic data in january, and the bond market in focus with treasury yields near 2014 highs. the picture for the asian bond space looking next. chinese 10 year yield sticking close to 4%. china sovereign bonds are extending a losing streak. another big move this morning, indonesian 10 year yields have fallen the most since september. the 10 year yield on jgb's softer after a three-week advance that took the benchmark yield to its highest, .09%. that may mark the end of the trading according to one of our colleagues. check out 9196 to visualize this. you have the topix bank index suffering its first weekly loss, the line in white. they had been outperforming the topix on optimism of the boj policy change, but this meeting is likely to dash such hopes. checking out the board, the nikkei 22 five is being dragged lower because of i.t. and energy shar

i'm sophie kamaruddin., more with "bloomberg technology." ♪ emily: this is "bloomberg technology." i'm emily chang. shares of facebook falling in after-hours trading after reporting fourth-quarter results . what investors are focusing on is user engagement after broader questions arrive -- arise over its societal impact. facebook reporting a decline in north american users for the ever.time here is what ceo mark zuckerberg had to say on the call about these changes. >> one of the most important things we can ever. do is make sure our services aren't just fun to use, but also good for people's well-being and for society overall. so far this year we have already announced a couple of important updates,. the first is prioritizing meaningful social interactions over passive consumption of content. williamson is an analyst who covers facebook at emarketer. she joins us now from seattle. let's talk about this change in engagement as a result of these intentional changes that facebook has been making. how concerni

let's get the latest with sophie kamaruddin. we have pmi data from japan. , the manufacturing numbers highest since february 2015. 54 in december. picked up again. the highest reading since february 2014. japanese stocks leading the region as the yen softer for a second day, given the firmer dollar. the nikkei jumping over 2%. on course for a new 1992 high. the topix is not to be outdone, adding over 1.5%. a november 1990 one high. the biggest gain since september. exporters like toyota and sony adding the most in terms of interest points. and others are building on 2017 gains. we have i.t. stocks gaining 2%. along with energy shares. this is one of the suppliers to tesla in asia. checking on the board, rising with panasonic and you, rubber hamaanasonic and yoko rubber. a quick check on japanese auto climbers. honda and toyota jumping to the highest level in two years, despite a drop in u.s. sales for december and the murky outlook for 2018. betty: thank you so much. taking a look at the first day of trade in japan for 2018. after months of saber rattling fr

let's head over to sophie kamaruddin, who has got some reaction perhaps at a preview as well to the koreanophie: let's get a preview of that. we did see shares close lower on monday, falling over 1% at one point. bear in mind, up 2%. yvonne pointed out there is going to be a lot of focus on the semiconductor unit. we have seen that industry maintain its robustness throughout the course of the year. the mess on the bottom, top line, going to be in focus at the open. taking a look at samsung shares. we might see reaction to the news lines coming out of the consumer electronics show in las vegas as well as gopro exiting. memory cards in use for this drones. keeping an eye on the korean won , which did take a hit on monday following the government bringing the currency lower. when it comes to the set up for the kospi checking in on futures, you may see some caution in korea's equity session. tech shares may be a bright spot. betty: we will be watching samsung and the korean markets. japan coming back online again after a three-day break. what are we expecting here. we saw nikkei futures pointi

it will be a busy day in asia for the latest from sophie kamaruddin.countdown to the open in tokyo and seoul. the highlight was this regional data dump that we saw in the state of the union that we are looking ahead to. you're seeing markets rattled by bonds across the screen. we will put the question to investors about whether or not they can put these losses behind them. or if they will look at the big picture. bear in mind, over the past ,onth, the coming onslaught that could help traders maintain the optimism when they open their book in february but going today -- into today's session, caution to be the name of the game. enthusiasm among korean investors may be dampening the latest at the data which fell more than expected in december. half a percent on a monthly basis, they are pointing lawyer -- lower on the contract in tokyo. we are also waiting for japanese factory activity. earnings of plenty coming out of korea and japan. those, -- ck in on there is a lot coming when it comes to what asian traders have to consider. we are taking a look at th

let's get the latest with sophie kamaruddin. end jitters through the market, the bond space and dollars. when it comes to the equity session, asian stocks expected to be tested today. that is the case for the nikkei 225. continuing for the benchmark, down 0.7%. the yen at a high. higher after a four day event. investors will have the latest news on exports to digest. chipmakers grew 17.6% on year in the first days of this month. ospi down. won snappingin -- a four day drop. we are keeping and i on treasuries. we do have a slight decline in the 10 year benchmark. gold picking up in the face of that weaker dollar, and oil slipping a touch. but holding at $53 a barrel. we have bonds mostly on the back foot. the japanese yields are sliding this morning. as the dollar loses ground, the kiwi up above the 72 handle. aussie stocks falling a second day, led lower by health care and i.t. sectors. tokyo, wes roundup in await a flurry of reports. fast retailing numbers are due this afternoon. thank you so much, sophie kamaruddin with an earl

let's get the latest with sophie kamaruddin. n 2018 continue, the cme above 2500 mark. now higher by .6%. we do have samsung as it is due to announce its profit upgrade tuesday. it is the earnings the season in focus this week. we have aussie stocks rising, trading at a decade high, while the aussie dollar is looking steady after a fourth weekly advance friday, but funds have turned bearish on the dollar -- aussie dollar for the first time since june. the malaysian ringgit rising for an eighth straight day as we have speculation around elections in malaysia. , not much ine yuan the way of hitting a new high. the hunt is still on for a reason as to why the andan won may not breach 1000 market, while the yen is softer for a fourth session. the offshore yuan at the strongest level since april 2016. is good for broader asian currency appreciation. lg electronics ahead of its earnings report, the stock jumped almost 30% on expectations earnings will improve, but today under pressure. what is moving the kospi, materials leading the cha

let's get to the markets open with sophie kamaruddin.n is trading a four-month high edging towards the one point 09 handle. stocks in tokyo open 9/10 of a percent lower. latest japanese finance ministry data in the past week shows that four outflows have accelerated. contraction in fourth-quarter gdp, we are seeing a softer open for the kospi, as well as the won. it is trading at the weaker greenback adds to policy headings in south korea. it's take a look at the dow. leading theelco drag on the benchmark while utilities and health care are leading when it comes to industry groups. we are keeping an eye on auto stocks. softer data shows that car shipments offsets for semiconductor exports. let's check on the chipmaker following its fourth-quarter report. we did see its results top estimates despite what we saw in the last quarter. cosco on the rater after delivering a strong result. we do have key a motors due to report earnings this thursday. checking in with other stocks ahead of their results do. lg electronics insight. givenompany is

let's get the latest with sophie kamaruddin.ond space, mostly tracking treasuries lower. the dollar bears have been awake. asian currencies have room to rally. when it comes to the yuan, the asx will illustrate whether the pboc will allow market forces to come into play. at offshore yuan trading 6.49. rising for the first day in four. small caps continuing to advance in seoul. revised tax rules coming into force at the end of the month. that may boost confidence in the korean market. in sydney, miners leading the rise. this after a report that rio tinto and bhp's iron ore shipment rose in the third quarter. with oil for the -- with a fourth quarter gain. beach energy climbing to a high in sydney. japanese stocks under pressure. the yen trading at a six week high. the nikkei 225 marginally higher, while the u.s. topix rising 0.2%. what is moving on the nikkei, we have family mart falling 7%. the biggest drop since april 2014 after its guidance missed estimates. auto stocks looking mixed. fast retailing rising to a december 2015 h

over to sophie kamaruddin for a look at today's market action. month since march of 2016 with the kospi moving toward an all-time high. hcfc is one of the best performers. 0.6%dney, gains of about amid optimism about commodities outlook, or their earnings. ahead of the chinese earnings season in late february, cicc has lifted the target to 16,000. s, they are piling into energy and banking stocks. could offset the rise in chemical companies. let's take a look at one of these players. a record high in tokyo following its earnings. it is rising with other japanese stocks and exposure to cryptocurrencies. wynn macau is slipping in hong kong. a last look now at asian currencies. the dollar is rebounding, tracking that rise in treasury yields. the malaysian ringgit is snapping a six-day rally but the thai baht is stronger for a ninth straight session. trading at auan is october, 2015 high. ♪ let's talk about what's been happening with some of the saudi data, specifically from the saudi monetary authority. before we get into that and lay the groundwork

we are joined by sophie kamaruddin.tiple records this year already, despite naysayers. bear in mind stocks are still looking cheap in asia, especially when you consider the relative valuation compared to the u.s., especially after outpacing u.s. stocks last year. but look at 5545. basis, trading close to a 13 year low relative the s&p 500, and on a price-to-book basis, the cheapest and 16 years. bear in mind not all asia stocks are cut from the same cloth, but attractive valuations and management points, with asia providing one quarter and a third of all dividends globally, the region still barely features in the portfolios and boast income investors feared -- the portfolios of most income investors. ramy: goldman anticipates a ramp-up in global inflows. what is the detail here? ebbed: foreign inflows in 2014, but with prospects with growth driven only by exports showing a, that is lowering picture for foreign investors that are currently underway to japan. the performance by the and also boding well for corporate perfo

let's get over to sophie kamaruddin for a look at today's market action. >> no monday blues.in mumbai extending gains. ahead ofclimbing indian host so prices. we did have indonesian export growth. the rupee has advanced. at the highestan level in three years has the dollar falters. the hang seng rally pushing to its best close ever, even before earnings get underway. sands china leading the hang seng, rising with other macau casino operators after being upgraded. energy and property stocks on the retreat. firms cutng after prices. i want to check on softbank shares. the stock jumped as much as 5.8% after saying it is considering an ipo for its mobile unit, which has been debated for years as a move to raise cash. shares up 3.5%. an estimated enterprise by you of $71 billion, so still big plans ahead there. yousef: thank you for that. let's talk about what's happening at the asian financial form in hong kong, bringing together leaders in politics, business, and finance. our next guest overseas banking supervision. let's cross over to the event. the deputy governor at the deuts

sophie kamaruddin there.and more with the first word mood -- first word news as we had to paul allen. paul: president trump's new -- importiers may taxes on solar panels may impact canada and the code but mostly china. the president has repeatedly threatened to dump nafta. he may expand on tariffs. >> we are working very hard to make sure our neighbor to the south understands how good nafta is. it has benefited our economy and his. but, we are also very much open to more trade deals involving more people as long as it isn't the best in a fit of all of our citizens. paul: the 11 remaining members of the transpacific partnership have reese -- have reached agreements. the accord was reached after two days of talks in tokyo. it came hours after president trump imposed tariffs on solar panels and washing machines. jay powell has been confirmed as the next red chairman to no one's surprise. yellen succeed janet when her term ends. the trump administration is still assessing candidates for vice chairman. the most ac

sophie kamaruddin having a look.egs, .2% higher, a 4% rise for the -- .4% rise for the topix. the nikkei 225 is still on course for the best today rise since november. with thecs makers biggest boost. utilities and real estate leading gains when it comes to industry groups, but telco is the worst performing sector, followed by staples as japan tobacco leads the drop. japanese retailers having a tough time after reporting slower monthly sales in december. the results were mostly in line with low single digit growth or cast. -- growth forecasts. checking on some other equity movers of note. buy ratings fell after nomura rkuten to neutral. -- thank you for that. let's get more on the markets from garfield reynolds in sydney. everything is awesome, in particular the -- particularly this equities party in japan. >> japan had a stunning day yesterday. there was concern it would be a one-day wonder, but the volumes were so big and the conviction across a lot of sectors was very good. there are some promising technical thing

for the latest with sophie kamaruddin. seeing a bit of a backlash year.,000 for the first time in the nasdaq had semiconductor stocks rose. it will be in focus given that it is due to report earnings. apple shared plans of $30 billion in the u.s. over five years. cap suppliers will be on the radar. about 4/10 of a percent. over in tokyo, the nikkei 225 are on the rise. the nikkei adding a 10th of a percent as energy and discretionary stocks lead the way. on the 111ck up handle. we are seeing weakness coming through for the korean won. that 10 68 handle headed for a second weekly loss. we wait for the bank of korea policy decision that is due this morning, expected to stand. ditto for the bank of indonesia when it comes to its policy decision today. let's check on toshiba as it checks on its westinghouse. the capital boost the ¥410 billion. the stock is snapping a three-day decline, rising the most since december 29. that's get a check of notes. the dollar is rising for the first session. weakness coming through, like the ringgit, the yuan, yesterday, the

let's get the latest with sophie kamaruddin.samsung, the biggest boost so far, along with the likes of costco and neighbor. the drop you are seeing in players like samsung, sei, along with korean financial stocks. in tokyo, japanese investors are taking their cue from the boj, confirming negative yen said with its increasing bond price. set to rise for the first day in seven as investors digest corporate results. fujifilm,highlight rising the most since 2008, over 11%, surging on the back of the xerox deal, which could see an $18 billion company created. back to the mood on the nikkei 225. i want to highlight some players. we do have this one, this retailer climate despite forecasting a tumble in profits. but department store sales are seen recovering. fujitsuggards in tokyo, , the worst performers over at today after its third-quarter prompted a downgrade to neutral. fujitsu does anticipate a positive impact on net income from the sale of its mobile operations to polaris capital. checking on the mood in sydney following the bui

let's get the latest with sophie kamaruddin. a weaker dollar story.rkets. the ringgit is gaining 0.1%, and the korean won at 10.62 of green back. we have equities continuing to rally. this as investors are continuing to see the corporate earnings share continue. the asian stocks are set for the 2016 very since march let's look at the nikkei 225, the best performers there. i want to highlight this company adding to friday's gains after they reported a 12 color -- third quarter beat for technology. fore is a strong outlook machine demand in the following quarter and a share price for the fed. that could regain ground. also its rival, the electric company. we also have this company gaining ground. it is acquiring -- thinking about acquiring asahi fire. komatsu leading machines lowered ahead of its earnings due out soon. fourth quarter demand has grown thanks to china and south asia. japanese stocks that were exposed to the japanese cryptocurrency, these ones are jumping at the remix point, which would move coin check following the shutdown friday, but th

rishaad: sophie kamaruddin. started off between pyongyang and seoul.d more from paul allen in sydney. paul: north and south korean officials have begun a high-level meeting. their first in more than two years. they will focus on the north's participation at next month winterliv-ex -- olympics. they want to revive negotiations on the north's nuclear program. the pentagon says there is no indication a satellite launched aboard a spacex profit has made it to orbit. the payload was classified. coden by the cone name -- name zuma. the u.s. congressional aide says failed andpage had the satellite was lost. bloomberg has been told saudi aramco is set to appoint banks to manage its ipo. and morgansbc, stanley, they are also expected to be named as global court maters. some of the banks are tentatively valuing the company and one$1 trillion point eventually in. mandates could be finalized this week. thailand's prime minister has avoided media questioning in an unusual fashion. they told reporters as they had any questions, they should ask this guy. in a militar

let's see the sentiment overall and get to sophie kamaruddin. rally is faltering. the currency space looking lower barring the yuan. the stronger korean -- japanese yen adding to negative -- adding to equities. it is halting a three-day advance. look at mainland markets, the shanghai composite and the large cap gauge being led higher by real estate stocks and energy producers. cnooc, petrochina, and sinopec tracking gains in crude prices. new york crude extending gains from a three-year high. this is the case for the hang seng with seen up among the top performers, helping the index move to its best winning streak on record him itself for a 12th day of gains. country garden the best performer, climbing to a fresh, all-time high. carmakers and tech stocks under pressure. in korea, tech shares the biggest drag on the index as samsung and others tumble. the health care segment has swung to losses as one company is sliding and losing ground for a second day him out while the korean won is on a weaker footing. the bright spots in korea, shipbuilders

let's get to the nuts and bolts with sophie kamaruddin. rising the most since may has equity inflows continue. dollar weakness helping to lift boats across asian currencies. you have the malaysian ringgit and the korean won at those levels. singaporean dollar rising for a fifth session following the gdp beat. above 78, trading , helped by chinese pmi figures. chinese stocks are leading gains in asia. maintaining gains above that key 30,000 level. chinese developers to thank for that. comesg the pack when it to the breakdown on the asian benchmark. country garden as well climbing to a fresh record in hong kong. happening while we are seeing the opposite picture for casino stocks in hong kong, languishing among the laggards. ynn macau falling 7% this morning. great wall motor jumping after an analyst raised the stock to a buy. leading regional tech shares. along with regional players, i.t. stocks leading gains on the regional benchmark, excluding japan. .8%, extending gains into 2018. one of those movers jumping amid the cryptocurrency craze

let's check in on the latest who is used woman to multitasking, sophie kamaruddin. fishing for optimism. sixthstocks set for a week of gains in the face of rising bond yields. 10 year yields at 20 highs, and the two-year rate is at 2008 levels. the taiwanese dollar jumping to a 2013 high, the yuan moving below that 6.40 handle. tradingysian bring it at the strongest level since may 2016 -- malaysian ringgit trading at the from this level since may 2016. bond buying unchanged today and markets will be looking towards policy normalization from the boj next weekend. watchers not find that policy normalization is in the dekes this year. markets are pricing it in with jgb gilts picking up on the back of that, so it remains to be seen at the boj will cap that advance. stocks in japan are gaining ground, the nikkei 225 a third of a percent higher with earnings optimism fueling gains. the hang seng is fluctuating, while stocks in china led higher by banks. in the commodities space come up oil on the back foot, new york route heading for the first weekly drop in five as opec