We will go to San Francisco shortly for the latest on changes in ubers leadership. On thewe have our eye middle east with the crisis in vauxhall, later in the program. This is daybreak asia, coming to you from 7 00e it is just after a. M. In hong kong. I am yvonne man. We escaped the typhoon in hong kong. A whirlwind of a storm. The selloff going global. It is hard to tell if this is a pause or meaningful rotation out of some of these growth stocks. Betty it seems to make perfect sense, right . Yvonne, these big tech shares are the ones that have led the rally, so you can see at some point, investors would say let us take some profit on these gains. The question is, what is the timing . What gives here . That is what investors are tied to parse through in the next few hours. Heavy some of the tech investors. That looks set to continue. Let us look at how the state of play is into new zealand. Plenty flat. The kiwi at 72. 02. Australia returning back from its holiday, could play catchup
This selfmanufactured model is going down. Its never what it said it was. It cant wipe out the human abuses that its in its very dna. China will crack down on hong kong. I dont know when. I think its difficult to pull another teen man square in this age, but its not impossible for china to pull Something Like this especially beijing control of the internet and how it stifles its own people. It is direct contradiction and the economic dichotomy its spent decades crafting to remind the us what it is not. For years the china has had the best of both worlds. One that could produce enveabl powerhouses, but inherent in making money is understanding what happens when your own people start making money. They start imagining not only a better life, but a freer life. They crave freedoms. Once you have food on the table, you start looking for more more to fill your plate. China kept the lid on such dreams in the mainland. It is having a devil of a time forcing that issue in the hong kong. That ot
Daybreak asia. It is just after 8 00 a. M. In hong kong. Betty we are watching several developments that are going to happen this morning as you had mentioned a few moments ago the appearancend at the prosecutors office. Also the australian jobs numbers at the bottom of the hour. We will see how those two events move the market in asia. Yvonne that ever volatile aussie job number could be interesting. Givingd be choppy here just the mixed signals we have seen in the labor market. We did the unemployment pickup a little bit the previous month. We will see how things go in the bottom of the hour. Lets take a look at the market open in tokyo and seoul. Looking atnt we are 10,000 jobs. It is an allimportant number. Horribly hard to get. Comes out and about nine minutes. Were looking at a higher start in japan 30 minutes back. That has been paired back. Early gains. Have a look at the top three and bottom three. When you look at iron ore demand and you look at world steel production. The ma
Conflicts between china and the United States what came through the overall stability and relations. President trump is a leader like no other. How confident are you that the compromises can be part of the most important challenges that concern both sides [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in chinese mandarin] this is a very important question because people are interested in the prospect of the relations. Through the intense communication and joint effort on both sides they had an important telephone conversation where they reaffirmed the importance of following the one principle since the direction and it paved the way for bilateral relations and the two sides are having communications on realizing exchanges between the president and other levels. There was no reason why china and the United States could become partners [speaking in native tongue] [speaking in chinese mandarin] [speaking in chinese mandarin] [speaking in chin
Been quoted as a politician. But there cannot be competition between china and the United States because both sides will lose and both sides nnot afford that. To secureu propose the overall stability of chinau. S. Relations . President trump is leader quite like no other. How confident are you that compromises can be found on the most important challenges that concern both sides . And if i may, what is your impression of Rex Tillerson . Thank you. Minister wang this is a very important question. Through the Intense Communications and efforts of both sides, the chinau. S. Relationship is developing in a positive direction. Last month, president she jim thing and President Trump had important conversation where they reaffirmed president she anding president xi President Trump had important conversation where they reaffirmed the one china policy. It has set the way for bilateral relations. The two sides are having fruitful conversations on ourizing exchanges between president s and at oth