Estimate. The pboc governor says china will implement the phase one deal with the u. S. He said that in an interview with tsinghua. Chinext is down, extending a decline after bearish reversal. China internet stocks were up friday following the ban on tiktok. Some say forget the tencent risk, asian stocks are silly by. Alibaba still a buy. S p. R tech giants on the we have futures in the u. S. 3343. Ng to a flat open, the s p 1 away from its alltime high. This on the outcome of the u. S. Stimulus talks. Also the u. S. China phase one review. We are taking a look at live pictures out of taiwan where alex azar is going to meet the taiwanese president. He is also meeting with taiwans health minister. This is a historic visit. He is the highest ranking u. S. Official to visit in decades, threatening to further stoke tensions between the u. S. And china. Chinese Foreign Ministry spokesperson last week said beijing was opposed to the visit, calling taiwan the most important and sensitive issu
Charles evan calls for credibly important government stimulus. Australia heads into Earnings Seasons amid the first recession in decades and a virus pandemic that is crippling the economy. It promises to be one of the most challenging periods on record. Here is how markets are trading. We are seeing u. S. Fewer sugars u. S. Futures under pressure. We had ask leading u. S. China tensions fan yelling fanning the data. The bloomberg dollar index flat at the moment. This after a fifth consecutive weekly decline that will be the longest losing stretch since january of 2018. The offshore yuan is flat at the moment. This after the yuan led declines in asian currencies. We have President Trump moving to been tiktok and we chat. Hang seng futures down to tense up 1 . Under pressure from the last two sessions. It is a thin trading day. Singapore and japan are closed. We have a china data blitz that could be confirming the recovery we are seeing. We have ppi numbers. Not to mention retail sales a
Restrictions in one city, but investors are brushing that off. As well, up firmly part of the Semiconductor Story, looking forward to samsung earnings. Looking at currency, the dollar story almost the weakest in terms of the bloomer dollar index, for close to two years bloomberg dollar index, for close to two years. Down for tense of 1 . Hasonshore yuan strengthened. The aussie dollar up as well. On the next board, looking at gold, futures breaking through 2000 announce. You have the likes of bank of america predicting you could get 3000 in therice next 18 months. Wti up 3 10 of 1 . The 10 year yield has edged up marginally at 62 basis points. You can see there has been a marginal rotation out of chinese 10 year as well, more risk on sentiment in the mainland. Rishaad all right, lets look at one of the biggest movers, 7 . Shares up around one at one point. We have a company that has become the worlds 10th biggest stock. Our guest from aberdeen standard investments. Thank you for joinin
Ahead of next months election they say president bush and his claim of aggression subversion as a sham. And hundreds of chinese Fishing Vessels near the Galapagos Islands raise Environmental Concerns and diplomatic tensions. Donald trump has ignited another political firestorm by suggesting that novembers president ial election be delayed on the same day that new figures show the u. S. Economy had a record shattering decline due to the coronavirus pandemic nearly 152000 people have died from the virus and whats the wild west affected nation and many states want to make postal voting easier to the Health Concerns that trump insists without evidence that mail in voting is vulnerable to fraud so he retreated from an election to lay off the pushback from both democrats and prominent republicans. I just feel i dont want to delay i want to have the election but i also dont want to have to wait for 3 months and then find out that the ballots are all missing and the election doesnt mean anythi
Coverage to his life and achievements. Lee had been receiving treatment at a taipei hospital. Staff said the cause of death was septic shock and multiple organ failure. President tsai ingwen called his passing a great loss. She also instructed Government Agencies to offer his family whatever assistance they need for his funeral and other matters. Mainland Chinese Media also reported lees death but in a very different way. The global times cited an expert on relations who said lee was traitor to the chinese nation. The statebacked newspaper also criticized his goal of building a statetostate relationship with the mainland. Beijing maintains that taiwan is a p part of china. The u. S. Secretary of state offered his condolences in a statement. Mike pompeo praised lee for playing a crucial role in transforming taiwan into a beacon of democracy, and he sd the u. S. Will continue to strengthen ties with the island. Lets take a lookack at his life. Reporter lee was born in taiwan in 1923. Jan