His actions during the war of the 1990s. He was ejected from the when he said everything they say is a lie. He was sentenced to prison. It you are watching bloomberg technology. This is bloomberg. Im Alisa Parenti. Emily this is bloomberg technology. Our continued coverage of uber, the company concealing a massive data breach. After delete the information and keep quiet. How this can impact efforts around the world. Russian election meddling on social media. It have seen the as an face book wants to tell you which you follow. Earliestcebooks investors sell off all of his remaining shares. Why he is selling now. Racing from one disaster to the next leading to boycotts, lawsuits, criminal the ceo executive was supposed to market the beginning of a new chapter. He continues funding more horrors at every turn. News that we broken uber concealed a massive cyber attack that exposed personal data on 57 million customers and drivers globally. Blumberg is this week businessweeks matt, and we ha
Rishaad right, well, banks reporting out of china this week. Note onjust seen a nonperforming loans. People keeping an eye on that. This is an alarm bell for the amount of debt they are caring. Showing what 9438, is happening. Out of all of them, it is Agricultural Bank of china which is the worst. Its nonperforming loans seemingly worse. All will be revealed this week, the big four out with earnings and indeed these numbers as well. Haidi absolutely. A lot to digest when it comes to the asian open. We are getting the washer from jackson hole, more what wasnt said by janet yellen and mario draghi, the latter refraining from commenting on Monetary Policy or the strength of the euro. The dollar lower on the account of janet yellen sounding more dovish than expected. We had saber rattling out of north korea, and the big calendar when it comes to macro data. Friday, and china pmi rounding out that picture when it comes to the chinese economy. We are 30 minutes away from the open in china a
Rule. It is about geopolitical, the alpha today. Haven assets,e golden yield. 9398 shows the correlation between golden the yen, moving more closely. And the yen, moving more closely. If you think that is suggesting people rushing to haven status, it is roughly down to that when it comes to the next chart, 1861. There we go. 4500, just having come off the top of that, but it has clearly outperformed when we see the treasury bills, gold, and the yen. That is what we have at the moment currently. Haidi absolutely. Cycle ofck into this risk off and what happens over the next you days as that risk receives and investors get back into the market. This First Nuclear test of north korea of the Trump Administration and whether that is a game changer. A risk off but orderly mood so far in this asian session. We are 30 minutes away from the open in china and hong kong. Sophie korean assets in the spotlight. We are seeing whether we will see a recovery halloween this kneejerk reaction, which has
Domestic buyers. That is what we are hearing from one analyst, taking advantage of that fear from Foreign Investors and buying in, especially if your currency of choice is the won. Lets check the latest on the markets with sophie kamaruddin. It is still about north korea. Investors assessing potential risks, weighing on the down. 1 , consumer stocks among the decliners despite the discounted valuations across the kospi. Gaining, Building Momentum following that report that pyongyang may be moving an icbm ahead of a potential launch this saturday. The yen at 109 point 33, the swiss franc the rise along with gold, and treasuries catching a bit, the 10 year yield sliding towards 2. 13 , while the dollar is set for a fourth day of losses. The aussie moving towards . 80 ahead of the rba decision. We are seeing weakness for the , snapping a sevenday advance their. The offshore rate losing. 3 , halting a 14 day rally, even in the face of a stronger pboc fixing. We are seeing chinese stocks ti
To global reflation. Equally important, the data out of china. Have a look at this bloomberg chart. Uptick were expecting an , but not this, 6. 3 , now back above 6 . Here is your base effect, steadying, and pick up right there. Bloomberg intelligence is telling us in a note is that it might the sentiment driven. Is it supply side . Partly. This could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. Downstream, not quite. Upstream, steel and rebar prices, closely coal related. You can see where that one goes. Very interesting. We will be flushing out that story and a few moments in Market Reaction when markets open in hong kong and china in 30 minutes. In the meantime, singapore, taiwan, malaysia coming online. Sophie, currencies, but the equity markets so far. Sophie these are equity markets. Higher byeing led tokyo and seoul, korea. Some marginal losses for stocks in kuala lumpur. While stocks are higher, bonds falling, the