Than hurricane katrina. Haidi hello from sydney where you past 5 00 a. M. This is daybreak australia where it is just past 5 00 a. M. This is daybreak australia. Betty we will look at how all of the action over the weekend is going to play into the asiapacific trading day. Our top story today, the only thing that is on investors minds is the rising threat of Nuclear Attack by north korea. They have successfully tested a right to bomb, claiming they can put a similar device onto an icbm. North korea saying it has the exclusive force of 100 kilotons, six times greater than the bottom u. S. Dropped on hiroshima to end the second world war. To put it mildly, it has investors and everyone in the asiapacific quite rattled. Getting headlines, south korea is holding Ballistic Missile drills after this north korea live fire exercises in response to this test by north korea. Haidi and it comes after President Trump of course criticized south korea for its talk of appeasement, putting further pre
Headquarters in new york, it is just after 7 00 p. M. Sunday evening. It is just past 7 00 in the morning as we look ahead to what may be a tumultuous start to the trading week. May be indeed. Our top story is the rising threat from north korea. Pyongyang saying it tested a Hydrogen Bomb at the weekend, claiming it has fitted a Nuclear Warhead onto an icbm. High, thens are highest since the cuban missile crisis. Do you feel that tension right now as the South Koreans get to work here after seeing what happened over the weekend . It is quite remarkable. You dont feel that tension. Traffic seems like business as usual. Scheduled fashion show expected to be happening in the Business District around 5 00 this afternoon. Rehearsals are still going on. It just goes to show that the show must go on, but as you mentioned, elevated tensions in the last 24 hours. The southrning from Korean Military confirming they have conducted live fire exercises targeting north Koreas Nuclear test site. Sayin
Hello from sydney where it is just past 8 00 a. M. Betty it is just after 6 00 p. M. On this Labor Day Holiday in new york. The top story today, the tensions that continue to rise after north Koreas Nuclear test over the weekend. The u. S. Calling for the strongest possible sanctions on pyongyang, saying kim jonguns regime is begging for war. That is from nikki haley, u. S. Ambassador to the u. N. This is expected to be a holiday weekend. It has been anything but for the president and his aides. Spoke to trump his south korean counterpart hours after the test by north korea. What came out of that conversation . They made a couple of agreements. The president agreed to support south korea putting larger warheads on its Ballistic Missiles. What thegreed to allow white house said would be of news of dollars worth military quitman to south korea. They agreed in principle to stand united against the north korean threat. Hear howm curious to that conversation is being played in south korea.
Betty i am betty liu in new york, where it is just past 7 00 p. M. On this labor day holiday. We will be looking at chinas role in the crisis. How sanctions may target its oil lifeline to kim jonguns regime. Writing into bitcoin. The cryptocurrency tumbled at the pboc declares coin offerings illegal. Anchor let us get straight to some breaking Economic News coming across the bloomberg involving south korea for the month of july. The balance of payments for south korea, taking up ticking up a bit to 7. 26 billion. The good balance coming in a bit. Igher at 1. 07 billion yvonne, these numbers traditionally may not be that significant, but certainly, a lot more attention is being paid to south korea on the fiscal side and also on the trade side as it looks as if south korea is going to be ramping up defense spending as well as looking towards further trade tensions with the United States, and in particular, given these rising tensions. The good balance coming in at 1. 07 billion, yvonne.
Facebook said to offer hundreds of millions of dollars to allow users to pay for play. Betty welcome to daybreak asia , i am betty liu at bloombergs Global Headquarters in new york. Yvonne i am yvonne man out of seoul this wednesday morning. Appear in south korea, we are watching what is happening about 30 something miles away from seoul. Our neighbors to the north, so to speak. For the markets, it has been a perfect storm. For not only what is happening in pyongyang, but the hurricane heading to the u. S. Amid debt concerns. Betty we are putting out fires left and right. That was reflected in the markets today. Lets pull up the board. We opened up after the long Labor Day Weekend and went straight down. You can see the dow closing off 234 points. The nasdaq taking it on the chin, as well as the s p. Selling across the board. Asia, whiching into had been reacting the past several sessions this week to the north korean headlines. Lets bring up new zealand, which is just opening up, down