The cornerstone of this years agenda. Im haidi lun. This is daybreak australia. Past 5 00 injust new york. It is just past 5 00 in new york. We had a super selloff of stocks and bonds. This, midst of all of janet yellen given us a very goodbye. Nt poignant i get a little choked up when i think about her leaving. Just to be the numbers quickly. If you rounded off, it was a doubles market. About 60 points. About 145 saying point come nearly 2 as well. They were spooked by the bond market. This sudden realization that the fed is probably going to be on track for at least three rate hikes this year. On friday. Ime, what does this mean for asian market after this big selloff . Haidi the question is whether this is temporary. You keep buying on these opportunities. Is it in and action point an Inflection Point . All 11 sectors retreating. U. S. Dollars during seeing its best week in 2018, after what has been a bad news story. The kiwi dollar at 7291. U. S. Dollar about 9 10 of 1 . Continuing
Cambodian police opened fire on striking garment workers in the capital. Three have been killed, others wounded. Some 350,000 workers are on strike, demanding a wage increase. Opposition parties are calling on the government to resign. The president of the Cambodian Center for human rights joins me via skype. Looking at what happened, was Excessive Force used by Security Forces against the protesters. Definitely Excessive Force has been used and live ammunition. We are concerned that the live ammunition, when used, is being used in discriminatory. We felt that the news of the military in this regard is, first of all, excessive, but also we felt that it is not the right place for the military to be involved. In 2003 alone, they have documented 25 cases of violence, where the police and authority has used Excessive Force. Based on the unfortunate turn of events, we have seen in the past few months, restrained by military police in many of the protests we have seen. In this couple of days
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The All Ords and ASX 200 closed out an equally impressive day with 0.45% increases, continuing the green start to the week. The mining sector added 1.5%
A key mining union has launched a bid for the first multi-employer agreement in the resources sector in a move miners fear could shut down parts of the industry and harm competition.