let's get to sophie kamaruddin in hong kong with how markets are shaping up. oks like those difficulties will continue after a 10 day slump and tech will be a sore point, following goldman for thearnings semiconductors state. pivotal software tumbled in the after-hours session in new york. this as the company offered revenue guidance, despite the revenue beat we saw in the second quarter. nikkei futures looking fairly flat. we could see losses at the open. the yen trading fairly steady. the aussie dollar just about 70 u.s. cents. we are expecting a pick up as hiring momentum has slowed in australia. the aussie dollar did get a boost overnight on the back of this trade alliance. some relief in greater china they rose on reports of u.s. trade talks with china. 6.83ffshore yuan trading against the dollar, the most since august 24. investors have been staying on the sidelines. turnover in chinese markets has fallen to a january 2016 low. just taking a tumble throughout the year. the shanghai composite just a hair away from the lows we saw in 2014. buti: tantalizing

sophie: i am sophie kamaruddin in hong kong. welcome to "bloomberg daybreak: asia." ♪ haidi: top stories this thursday, the fed hikes rates as expected and indicates more to come this year and next. president trump says he's not happy. the president also accuses beijing of meddling in the november midterms. china dismisses that claim as nonsense. all of that pointing to a mixed today in the markets as investors weigh the fallout. futures indicate further declines in japan. shery: let's get a quick check of the markets. decline and the s&p 500 index lose ground for a session.nsecutive markets were trading higher throughout most of the session, but we saw the fed chair jerome powell say the bank is considering hiking rates and continued to hike even after getting past the perceived new toll rate. the nasdaq down 2/10 of 1% while the dollar also got whipped by the latest fed commentary. let's see how things are shaping up in asia. like we may see a mixed session for asia. plenty to digest, including trumps wide-ranging comments thi

sophie kamaruddin is here. what is on your radar? are watching semiconductor stocks after goldman warned more headwinds as the pricing issues may worsen into 2019. a goldman analyst has cut it to neutral from buy, and has removed samsung from the goldman's conviction list. we are keeping asian stock were stocks on the radar after research taking as much as 20% in our -- after-hours trade. the revenue guidance stayed in line with estimates, despite the second quarter. we are watching fuji soft in tokyo, on lead in seoul, and why tech in sydney. we are keeping an eye on mitsubishi as it became the second japanese firm to be indicted by tokyo prosecutors for falsifying product data. the stock has lost about 1/5 of its value over the past 10 months. we're also watching for farm machines. taking losses after it announced 85 customers had received equipment that did not meet standards. shery: sophie kamaruddin, thank you so much. we are waiting for the market open in japan, south korea, and they are just ahead. we just got really good numb

. >> and i am sophie kamaruddin in hong kong. we are counting down to asia's market open. ♪ haidi biz these other top stories are covering in the next hour, tech, health care and financials lifting u.s. benchmarks to new heights, with optimism that trade tensions mak may is. ease. and oil pullback and in new york and london as president renews his a track best president trump renews his attack on opec and prices. >> let us cap a quick reminder on how u.s. stocks ended, they set new records with risk appetite surging. investors continued to shrug off concerns about trade tensions. we saw the dow catching up to the s&p 500 and the nasdaq, rebounding from the losses we saw earlier in the year, while the s&p 500 gained .8%, being lifted by tech, health care and financial stocks. the nasdaq gaining the most in six weeks. let us see how this stresses to asia. here is sophie, routing. sophie: after that rally in wall street come of it could be in for a happier fighting in asia. the convergence among global well. is alive and even as it

let's get sophie kamaruddin for a check of what's happening. : it has been a busy week for japanese investors. the cpi data the latest to add onto the layers we have had over the past few days. the boj decision among them. we have little reaction in the yen to the cpi data, trading around against the dollar. futures are nudging higher in tokyo, along with sydney and seoul. overall, we do have positive catalysts to help drive the risk on moved from a softer dollar. speculation that china will cut tariffs rates for trading partners, particularly even the united states. we have south korea's finance minister saying preparations are being made for the possibility of a prolonged trade war. japanese terms of stocks roaring back to the line, we are looking at what's the best week in about two years. can it be sustained? sophie: with policy normalization unlikely anytime soon, it was made clear this week, plus signs the economic recovery will continue, and chief stock valuations, these could be important to help japanese shares outshine the rest of chin

when australia a distant second sophie kamaruddin has been looking at the markets. sophie? like cobalt and lithium search over the past three years on shortage worries. cobalt prices have more than doubled back to what they were in 2016. they had retreated in 2018, moving to a $65,000 a ton. analysts are predicting -- analysts were actually predicting oversupply. tracking the metal declines this year, that is the line o in chart.n this elon musk said the amount of the cobalt the company would use is headed toward almost nothing. then, uncertainty over how future tech meet revolutionize batteries as carmakers pushed it . electrified vehicles there is still no word as to where supply will go from here. one of our analyst expects prices to be below 45,000 by 2022. but bloomberg's new energy finance is forecasting a supply surge, the white line on the chart, to increase in the next five years. as to what could help keep coble to prices elevated, logistical bottlenecks and challenges ,acing miners like in the drc that could increase the cost of capital projects over there. haidi

here is sophie kamaruddin. : perhaps investors -- sophie: perhaps investors could keep their cool this wednesday. futures mostly pointing higher as we wait on key data points and the boj decision. we have nikkei futures perhaps signaling a softer open, but we have the yen trading near a two-month low, so keep an eye on how that might influence sentiment in tokyo. we could perhaps see that asia's stock rally extends despite the tit-for-tat between the u.s. and china. we have geopolitics on the radar as we enter day to of the moon owns the summit. we are seeing the nzx 50 eke out some marginal gains. this morning, we did get consumer confidence, a read on that, falling to a six-year low for new zealand. some data points for traders in new zealand to consider. taking a look at the currency markets as we set up for this wednesday's session. the kiwi dollar and 66 handle. the pound trading around a six week high as u.k. e.u. officials worked for the november brexit deal. technical indicators signaling it could be on

shery: let's go to sophie kamaruddin in hong kong with another check on the market. : we could be in for a tepid session. that is the case in wellington with the nzx 50 trading flat. mckay futures nudging higher while the yen is holding a three-day decline. japanese investors will have the byest data to digest, rising 5.3 percent in august after a long string of double-digit growth. watch for reaction in japanese from a stocks -- pharma stocks. also worth watching, nissan and other carmakers as nissan's north american chief says they may have ended their long slide. in korea, tech stocks may be the hero today and we are waiting on the jobless rate. it is expected to stay steady after a surprise pick up. over in sydney, we are watching thers as clarkson adds to chorus that metals and mining stocks are at a sweet spot as china is roughly halfway through its five-year economic plan. we do have the asx 200 looking at a softer start this wednesday. haiti. haidi. businesses is -- from banks to chicken farmers say they are getting squeezed with rising costs. tradingarkets ha

for more here is sophie kamaruddin. sophie: we could be looking to live on the hope that the u.s.na can come to an agreement. but even as a sign of retaliation, we saw data showing china held treasury loans to a six-month low. we are seeing investors be assured that the latest tariffs are not as severe as anticipated, so futures are pointing higher. they may see a strong start after the session on wall street. we have the yen trading near a two-month low. towards sees a move 113. let's check in on other currencies on the radar. the aussie dollar is climbing to a two-week high. the kiwi is set for its sixth day of gains, after measured reactions from china against the u.s. tariffs. the pound hitting a july high on the report theresa may is set to rule out a sex it brexit vote and an exit deal from europe has been virtually agreed on. the turkish is set for a fourth day of decline. this, as rate hike euphoria continues to fade and dollar demand persists. lastly, keeping an eye on tesla reports suppliers after they are under investigation. they are on the radar, they rely on tesla fo

sophie kamaruddin is here. sophie: another weak economic indicator that could be a headache for moon. the focus and korea could be on the potential tech rebound on the back of apple snapping a four-day decline ahead of its product reveals. the kospi could be nudging higher at the start of the session, but overall, we are in for a muted session. one potential catalyst of note saide rising bets on two rate hike -- fed rate hikes. a two-year yield is at a fresh decade high. relief could be looking fairly tenuous with asian stocks trading at around their teen mudflows and the hang in a bear- market. asia, matters may be obligated for indian policymakers with expectations that inflation may be slow in august. haidi: thank you so much for that, sophie kamaruddin, taking a look at what we are setting up for in the asian session. stocks posting gains for a second day. tech rebounding. oil surging. yields on the 2-year note surging. su keenan joins us with the details. we getthe top story as that battering from hurrican

sophie: i am sophie kamaruddin in hong kong."bloomberg daybreak: asia." ♪ haidi: top stories this thursday, the fed hikes rates as expected and indicates more to come this year and next. president trump says he's not happy. the president also accuses beijing of meddling in the november midterms. china dismisses that claim as nonsense.

sophie: and i am sophie kamaruddin in hong kong.omberg daybreak: asia." ♪ >> asia-pacific stocks look to extend the rally after wall street -- tech drove wall street higher. emerging markets and currencies as well as turkey hikes forecast president erdogan demanding a cut. >> a defiant tone ahead of possible new trade talks saying he feels no pressure to deal with china. >> click at the market open here is sophie kamaruddin. sophie: asia center teeing up for more optimism albeit a cautious tone. we do have a likely trade talk being marked by trump's latest week. we do have the nikkei 225 at a percent at the start of the session back above the 23,000 level. we have industrials leading the chart in tokyo. simcoe for example gaining 4% at the start of the session. the dollar-yen is back above 112% -- 1.12. we have some optimism around korean relations as well. that has been officially open in the northern border town. this is ahead of the talks to take place next week. over in sydney we are seeing muted gains but we are seeing losses f

for more, let's go to sophie kamaruddin. o ask you, japanese stocks turned a corner last month to put in the best performance among developed markets. can and will this exuberance continue into october? sophie: when you take a look at stocks, that has helped see the uptrend for japanese stocks stay intact or we have corporate earnings growth prospects looking the decent.looking consider what is going on for the yen. the fourth quarter tends to be a week. -- tends to be a week period. yes, there are concerns over trade risk. we could see optimism on expectations around u.s.-japan trade talks, especially after u.s. signed deals with korea. we are seeing whether that nafta deal will be quenched by midday today. checking in on the broader view of how the nikkei is faring, it is short of a 27 year high after a good month. from 1991 to the present day, we are looking toward the 27 year high. this as abenomics and the boj tapering favoring into that picture. on the boj front, traders will be focusing on long yields on the banks plan

let's get a check on the markets in asia with sophie kamaruddin in hong kong. sophie. we are seeing a nice column of green when it comes to equities in the region. is being led higher by tech stocks. samsung rising 3.8% in seoul. the nikkei teaching five to rise.above 23 -- 2252 rising to its best rally since may 2016. we are seeing chinese shares looking fairly subdued after a mixed data set. retail sales coming in solid. investment did disappoint. we do have a bright spot on chinese shares. let's check in on one of those numbers. best toet to see its jump since november 2017. chinese electric car stocks are gaining ground as investor interest is rekindled as we saw the shanghai carmaker surge in new york trading overnight. i want to highlight kawa electric after draghi expressed confidence on economic growth and inflation that europe accounts for 14% of sales for it. pegatron jumping. and mentum will continue into the -- momentum will continue thanks to new futures. kamaruddin in hong kong. thank you so much. turning to the emerging markets russia's central bank may

for more let's go to sophie kamaruddin. fadethe post holiday glow weekly for japanese stocks? would hope not too quickly because we are seeing japanese futures in singapore nudge higher. given the decline on wall street and continuing trade concerns, we could anticipate stock mists es in japan ands elsewhere. the yen trading near a two-month low, while u.s. yields are staying elevated ahead of the fed rate decision, likely to see -- hikes much as predicted by many. elsewhere we are seeing futures in australian nudge lower. overall, it could look like a risk off day. haidi: it looks like we could have a bumpy session when it comes to some asian currencies. the dollar has had a bit of a revival, but wells fargo saying it will be a temporary phenomenon. sophie: so far this year the dollar has extended the decline in 2017. up more than 2%. a global fixed income strategist at wells fargo sees risk building for the dollar in the wake of the u.s. midterm election. he predicts the dollar will start to falter in 2019 amid political and trade woes, and the dollar strength is based on mac

let's get an update with sophie kamaruddin. hift in em pressure from currencies to stocks, and that is continuing today. you see equities under pressure although some of the losses and korea have eased somewhat with the kospi off .1%. the kiwi and want edging toward -- korean won edging towards 19% . the worst of the meltdown could be over. the current account surplus widening even further. investors could differentiate between the em basket. we are seeing gains for the u.s. -- the em basket. edging the aussie towards 72 u.s. cents once again. we have seen it fluctuate around this level as we have had push and pull factors. we some revisions to chinese pmi . hong kong stocks could have added to that yesterday after it recovered with the gdpv. checking on stock movers of note, i want to highlight sydney. we have telstra on the right. this afternoon they cut their guidance on expected changes to payments, but that is expected to be positive over the rollout. and this one is jumping to attend we kind after -- 10 week high after a s

sophie kamaruddin is here. sophie: the tariff plan is being interpreted as more severe than anticipated given the step up to 25%, but at the very least, there were no additions to the earlier draft list. werely 300 tariff lines removed including car seats and highchairs. smart watches will not be included, but when you take a look at what we are looking at for the tuesday session, stock losses at the start of the major market opens for tokyo as well as sydney and seoul, tracking u.s. futures lower. the nzx 50 ticky madoff, falling .4% as of now. japanese markets are set to reopen to the downside after the long weekend. up a prolonged traits that between the u.s. and china and that has implications for a global supply chain, so with that at play, let's check in on currency markets. the dollar looking steady. the yen with a second day of gains. the aussie dollar off by .4%. the offshore yuan is back above .688 against the greenback. we can anticipate looking ahead. more pain for chinese stocks potentially after t

shery: we go to sophie kamaruddin with a check of the markets. r last week's attempted rebound, we could be setting up for a mixed session this monday with stocks in wellington set for the first day of losses. the kospi is lower after the summit in pyongyang. in australia we could see optimism despite resurgent trade was. -- woes. settingchinese mainland to resume. the storm was lowered to three t3 this morning. -- lowered to t3 this morning. futures slumped ahead of today's session. this is waiting for reaction to china's home prices and anticipates trump pulling the trigger on the next round of tariffs, which is causing china to consider skipping the offer of trade talks for later this month. folks in malaysia and japan are enjoying a long weekend with markets closed. japan comes back online and has a big week ahead of them with a boj policy decision on wednesday and trade inflation data. and a new election set for this abe, it should see shinzo when another three-year term. melissa day was on september 16. -- malaysia day was on september 16. h

." >> and i am sophie kamaruddin in hong kong where we are counting down to asia's major market opense are the top stories we are covering the next hour. wall street hours and emerging markets recovers somewhat as u.s. offers new trade talks with china. the feds see u.s. growth but also plans trump's

. >> and i am sophie kamaruddin in hong kong.wn to asia's market open. ♪ haidi biz these other top stories are covering in the next hour, tech, health care and financials lifting u.s. benchmarks to new heights, with optimism that trade tensions mak may is.

haidi: let's get the sophie kamaruddin in hong kong.ading into the final stretch of 2018 after asian stocks have capped three straight quarters of the client. -- of decline. it has been a bumpy quarter for asian stocks, in stark contrast he was equities which posted the best quarter in five years. stocks, they hit an august 2017 low in early september. thailand and japan among the best performers in the region. hong kong and china with the biggest laggards. going into this final quarter we have a host of headwinds facing investors from the u.s. midterm elections, earnings, and rising trade risks. oil will be a big headache. let's see how oil has spread. brent climbing more than 30% over 2018. this will hurt when it comes to inflationary pressures after oil had the longest run of quarterly gains in over a decade on impending supply disruption. reports from some of asia's heaviest fuel importers will be key this week. turning to japan, the yen trading at the weakest level this year. that is the support sector -- a sentiment for japanese e

for more, here is sophie kamaruddin. sophie: a lot for investors to digest.are keeping an eye on what the boj may do, keeping a close eye on the superlong sector. we saw that jump in 30 and 40 years yields on this chart which you can find in the library. the broad dollar bounce has pushed the dollar-yen to a fresh 2018 high. fed bumping up longer-term projections of its rates. and rubyand rupiah visualized -- rupee visualized on this chart. indonesia and the philippines on thursday increased rates as expected. indicating that more needs to be done to improve sentiment, especially in the face of the firmer dollar. the concern is a ripple effect is being felt in the economy, barring costs rising and companies canceling expansion plans. with that in mind, the rbi expected to tighten as early as next week potentially. thank you so much sophie, in hong kong for us. politics dominated with that kavanaugh testimony. we saw stocks shrugging that off. dollar jumping to a two-year high. the likes of apple and nasdaq -- and tesla making nasdaq the highest of the day. we

. >> i am sophie kamaruddin in hong kong. welcome to "daybreak asia."top stories this tuesday, shots fired. president trump announces new tariffs on china. they are worth $200 billion and go into effect next week. the news will reverberate through already wary

let's get to sophie kamaruddin with a look across the rest of the markets and how asia is setting up. lookingasian stocks are at a mixed sessions while u.s. futures are trading flat. in japan, stocks may extend in midweek gain after rising to a three-month high on wednesday. this ahead of the party election which investors will be watching to see how tight the race may become a given location has been for stimulus policies. in wellington, it is slipping after a five-day advance ahead of second quarter data due out at 6:45 a.m. we have kiwi 10 year yields nudging closer to 2.7% ahead of the continuing to rise with global reit -- global yields. i want to check on the kiwi dollar. how it has fared against its g10 peers. using the function on the terminal, the kiwi this morning, back above 66. it is still under pressure. it has been a punishing quarter for the currency. as you can see, the worst-performing g10 performer in this quarter, down 2.4%. of late, the kiwi has taken its cues from better global sentiment which has allowed traders to look through a poor series of data. the likes o

here is sophie kamaruddin. we saw the attempt at a rebound for asian stocks. ould see another challenging week given the trade deadlines. sophie: the resurgent trade wars -- trade woes, a new round of tariffs on china could weigh on sentiments. off to a lower start, .2%. the move in sydney is helping a little. in korea we could see losses at the open their this ahead of the moon-kim summit on september 18. for the data docket, not much going on besides indonesian trade and singapore exports. we will begin using reaction to china's home prices over the weekend. ahead of the china session, we are seeing futures take a beating, this with trait -- trade concerns. we have a report adding some woes with china considering not to join the proposed tariff talks at the end of this month. potential catalysts weighing on sentiment. haidi: and hong kong, china get back to life as normal after the super typhoon. what kind of economic losses are being anticipated? i know that macau will be hurting. sophie: macau certainly. when you look at the region at large, according to ch

let's bring in sophie kamaruddin . kicking off september with the same headaches that plagued to investors through the summer. they did not go away. what is the mood? sophie: those have not go away. looking at futures, there is a mixed start with plenty of regional data to get things going. pmi readings from china, korea, taiwan, southeast asia, and inflation figures for taiwan and indonesia. for theget a look at second quarter, vehicle sales later. capex for the second quarter and vehicle sales. there was rose for a second straight month after contracting in june. the australian second-quarter gdp, we are also seeing house prices and retail sales later today. yvonne: the data dump in australia comes before the rba decides on tuesday, but the governor has been clear they will stay the same course. sophie: with economic growth expected to slow over the course of 2018, some of the data points we are waiting for might further reinforce that case, so we have capexg funds -- slowing funds. when you look at how the aussie bo

for more, here is sophie kamaruddin. we are in for a cautious session. iticsde and are top of mind. what else could drive sentiments? sophie: oil, as prices are losing steam. the could potentially cap upside with wti set for the first drop in four sessions. this after a report showed a surprise increase in stockpiles. that would be the first such rises since early august. oil prices are still trading around 2014 highs. storing -- pouring cold water on top of hundred dollar oil, saying another supply catalyst beyond iran would be needed to see a meaningful upside and production from other opec producers and russia could see losses offset. they see a return is stabilization of oil prices between $70 to $80. they said the u.s. would ensure the oil market -- that could put more downward pressure on prices as well. haidi: a nine-month high for japanese equities after a seven day rally. are we in for a breather or could we build on that? sophie: we do have trading at highs we saw since last february. you can find this chart on the gtv library. investors are foc

let's bring in sophie kamaruddin. not get a whole lot of direction, so i guess we have to take our cues from e.m. sophie: that will be playing large into sentiment with asia. the dollar holding gains as well. any attempts to push higher in the region could be difficult to sustain. in asia, we are home to five of the 10 worst-performing market your today. sentiment asn on we get ready to start the day. it could look like a muted start to the session, and from japan, we are going to be waiting on the bond buying operations. the yen looking fairly steady ahead of that. the rba expected to keep rates on hold as the domestic rate picture is looking more fragile. they do not expect any chance. the aussie dollar looking steady ahead of that as well as the latest current account data. the deficit is expected to have widened due to weak commodity prices. we are going to be gauging reaction to korea's final gdp growth for the second quarter, revised lower on the quarterly basis. we have inflation figures for august. core cpi com