Down the president. Americansler bows to first jobs policy. Looking positive out there, the absence of japanese trading, a Public Holiday they are, 30 minutes before the start of the session in hong kong and shanghai, the open in kuala lumpur, taipei, and singapore. Here is Sophie Kamaruddin. Sophie a number of markets coming online, checking that space. We are seeing continued gains on the asx and new zealand, and the kospi reversing gains made in the morning. Space,look at the data whats happening with Dollar Strength, resuming strength following the friday jobs report. Note, the yield of seven basis points friday. Bill gross is expecting a breakthrough to the 2. 6 level, pushing it into bear market territory, gross saying the treasuries are at an inflection point. Gold edging higher after falling in the wake of the u. S. Payroll data, gaining demand for alternative assets, and equities soft in. The robust case for u. S. Interest rates going higher could make bullion less appealing.
, but this isnes not working right now. Thee can see perhaps on bigger map here, we can see whats going on with the nikkei two to five, japanese shares down. 8 , family mart showing what is happening with the retail space as retailers struggle with softening consumer demand. Some poor results posted overnight, and later this afternoon, fast retailing and others. Thehe region, gains on kospi, the shanghai composite higher. , shares other red spot and wellington down 10 , materials lifting the story on the asx 200. The big theme is what is happening with that dollar drop, lower for a second day. As we started off, that yen strengthening. Well, our top story, thank you very much indeed for that, sophie. Being questioned as part of this bribery investigation in golfing the country. It has already brought down the president there. The tentacles reaching further and further. Lee has been question before, but this is the first time brought in by the special Prosecutors Office. This raises the
The ting jay y. Lee as investigation into south koreas scandal looks to iden to other conglomerates. Takata surges in tokyo after maker ubled airbag settles on a billion Dollar Settlement in the u. S. And with trade data from china will the implications of presidency be reaching. Examining reaction to at whats ng going on as far as the yuan goes, were still about 29 inutes away from the start of trading here in Hong Kong China a mixed picture when it comes to whats happened so far. Who is ve look at coming online and how they are changing the narrative. Malaysia, all starting their session. Kick off with in thegoing on, currency space given that a dollar is showing weekly loss. Fed chair yellen bolster the case of tightening policy. Traders tell us that funds overnight low to further unwind dollar ong positions and that laernl exporters are seen elling the yuan keeping below the 1,200 yuan level koreafter the bank of held its rate at 1. 25 , as largely expected. We do have gold steady
Agrees to buy a company for 5. 5 billion. Right, half an hour from the start of the trading week. No trading in the u. S. , Martin Luther king jr. Day. In japan, machinery orders better than expected, the ppi,cer price index, factory gate inflation better than predicted by economists, but still in negative terrain for december. But see how the markets are tracking. David. David thanks. We are looking at a mixed bag. Markets just opening up, taiwan, malaysia. Have a look at singapore. One of the better performers performingthe best market in asia save for the philippines. Mixed. Ight times index,verything else canceling out japan pulling things down, australia, flipped the board, some other benchmarks at the moment. Australia, that comes down to the fact you are getting a decent bid when it comes to the mining stocks, japan, strong japanese yen weighing on that index. Assets. Ook across 1. 20, roughly at those levels. Dollaryen, still close to session lows, 114. At 2. 4 yields unchanged
He is planning to visit the cia on saturday the day after he is sworn in as president. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im haidi lun in sydney. Up next is Bloomberg Technology. Caroline im caroline hyde. This is Bloomberg Technology. , thelue out with earnings stock dropped over 19 quarters. We will break down the earnings scorecard. Plus we will hear from a Silicon Valley veteran. Ceo joinsard member us with his outlook on the industry as donald trump takes office. Alibaba goes for gold. How it scored the biggest sponsorship deal in olympic history. But first, to hourly. Shares of ibm lower on the back of the companys fourthquarter earnings. The bloomberg terminal is showing how the trading afterhours is off by more than two percentage points. The Company Announced corley earnings that beat analyst estimates and the fullyear outlook for 2017 was better than forecast. Things like computer hardware and Software S