Fact we are seeing this Dollar Strength, yen weakness, and the nikkei and topix at those 2016 highs. The nikkei up by. 2 . Significant weakness in shanghai, down. 7 . Hong kong, down by 1. 2 , only to stocks on the hang seng in the black. Australia, a at better than expected employment number, 39 thousand 100 jobs created over the last month, but you did see the Unemployment Rate pickups likely, participation higher, so a dip in terms of the australian markets, also korea, the bank of korea leaving rates on hold at 1. 25 as expected. Have a look at the offshore theinbi, down. 2 against dollar, six point 9381. We did see a weaker fix from the pboc once again. That is the weakest level we have seen since august 29. The aussie dollar has recovered after that jobs data come up by 74. 24. Bonds, you are seeing a little bit of movement in terms of the yield on the australian 10 year note. Bonds getting a little bit of a bid today. Thank you so much. Lets check on the markets, and we get back
Lets do a quick check of the markets. Minutes. Or almost 28 said here,bout the the dollar rallies, that is the only winner today as everyone sells off, including the topix. Here in the middle east, it is just under two hours away from the opening of the emirates market. Lets look a look at what they did yesterday. Dhabi, saudi arabia down a slightly off the back of the fed. Highest u. S. Dollar and potentially lower oil prices. Lets check in on the first word headlines from around the world. Shares in Chinese Tech Company meitu made a trading a 630expected to raise million. They plan to sell 574 million shares at 8. 5 hong kong apiece. s founder and chairman told bloomberg the company has aspirations and social media. Our focus now is to get more exposure and let people know about our brand. A tool forake meitu them, and then a social media app. The yahoo found extended trade after knocking another Security Breach. An unidentified thirdparty stole data from one billion users. Initial i
The second hour of daybreak asia, coming to you live from bloombergs asian headquarters. It is just after 8 00 a. M. Its just after 7 00 here in new york. I am betty liu. In termsof a lead and of equities. We did jump back from the lows. Investors are taking a wait and see attitude before the jobs report on friday here in the u. S. It seems like the dollar is really helping the move, especially dollaryen. Lets get to the market open with david. Talk about dollaryen quickly. The today chart, as you can see, its rarely clear that the rates should all be shifting to the upside. Thats what traders are telling us at the moment. There is some upside risk ahead of the jobs report later on today. About 30 minutes back you might want to watch this 11562 there. Thats towards the maximum range. We could see more buying. That has really spurred a lot of these models back into action, more money coming in. , 115. 13 is your level now. Looking at the open in tokyo and seoul. We will talk about more
Megan this, comes from south koreas cooperation with the u. S. Building the thaad, a shield designed to prevent a north Korean Missile attack. China, who is sensitive about border issues, sees it as a Security Threat and has urged its population to stop traveling to korea. For some areas, that was a huge part of their markets and is having a devastating effect on tourism and business is hit by chinas approach. Oliver tell us about that tourism. There are some interesting examples of what Chinese Tourists do in korea. Megan it is a strange market where people go, karaoke, specific outlets catering to this market of Chinese Tourists and the strange activities they pursue in korea. These people who built up their entire business say 70 , 80 has declined. One person writes that it feels like im staring down a dark tunnel. Oliver yikes. Carol china using the power of it its purse. Megan they goes back to tensions in the south china sea. Oliver in the market section, lets talk about stocks.
Megan this, comes from south koreas cooperation with the u. S. Building the thaad, a shield designed to prevent a north Korean Missile attack. China, who is sensitive about border issues, sees it as a Security Threat and has urged its population to stop traveling to korea. For some areas, that was a huge part of their markets and is having a devastating effect on tourism and business is hit by chinas approach. Oliver tell us about that tourism. There are some interesting examples of what Chinese Tourists do in korea. Megan it is a strange market where people go, karaoke, specific outlets catering to this market of Chinese Tourists and the strange activities they pursue in korea. These people who built up their entire business say 70 , 80 has declined. One person writes that it feels like im staring down a dark tunnel. Oliver yikes. Carol china using the power of it its purse. Megan they goes back to tensions in the south china sea. Oliver in the market section, lets talk about stocks.