Fight to see this thing get between 2 and 3 . Manus chinas officials factory gates delivered a surprise jump revealing resilience. Consulting the article. Much harder to find bargains in the markets but stocks are the way to go. You put 100,000 in a 10 year for a form of investment, stocks still look attractive compared to that. Manus you are very welcome to daybreak europe. Anna edwards is out for the day. You are left with me. I am manus cranny. Lets take a look at what is going on with the market. You have had record after record. It is the rest of the market you might want to worry about. Buffett says yes, stocks are the way to go. The u. S. Stock market rally. It was a very small, select the ip crowd that game select vip crowd that gave you the highs. The flashpoint, a pileup in terms of the number of stocks hitting 52week lows this month is rising. The numbers making twoweek looks 52week lows s makingred the number has. Warren buffett saying it is harder to find a bargain. It is
Good evening we begin with the very latest harkin. Murray severely just it was. Is been downgraded from the top i agree a five to four on the scale of intensity. Shes still bringing with it nevertheless winds of up to two hundred fifty Kilometers Per Hour as well as torrential rain. Well supposing through the carribean killing an estimated twenty people along the way. And then headed in the direction of the homeless and cuba words expects to move closes allowed. Of saturday. Threatening to do yet more severe damage. Will schools and most businesses are being shot on the communist side if you earn hundreds of thousands of people. Are being evacuated. Amers that expected to hit florida during the course of the weekend. Lee you s. President all trial trumpf described it as my quote a storm of absolutely historic destructive potential. Reversals in florida are pleading with residents to follow instructions and leave the most high risk areas six hundred ninety thousand people in that state.
But short on spending. And we have the world covered on daybreak asia and we will go to solvi seoul. It is budget day in australia, just hours away from the revelation of details. We are going to head to sydney for the latest. This is bloomberg daybreak asia, coming to you. Im betty liu in new york, where it is after 7 00 p. M. Yvonne it is just after 7 00 a. M. In hong kong. It seems like politics are going to be dominating the market. Not the typical d. C. News flow to get out of the Trump Administration, but south korea voters, 52 million of them heading to the polls today, and budget day down under. Betty as we have noted, it looks like korean stocks seem to have priced in the volatility in those elections. They are just going higher. Markets are actually quite attractive in south korea. Topics is going to be the aaa rating, and what the budget details on whether that rating is in fact going to be jeopardized, or is all that talk just much ado about nothing . Meanwhile, stocks in t
Commerce at the race to the bottom. And im seoul, South Koreans are headed to the polls to cast their votes in this historic election after theous ter of the former president and what we are seeing geo political tensions u. S. Certainties with the and china. Ill have the details next. That is our top stories. South koreans headed to the impeachmentplal and of the former president. The next leader who is successful in this transition period. Take a look at this chart, amidst the volatility, korean assets have been resilient. D it has been ranged since 2011. Nd reaction to markets and valuations across the korean stocks in a world where we are seeing so much cheap money going into equities and going into yan. Arks and the and look at the positioning of going into the election, the currency is a good place to look at. If you look at cheapness. The g8, the gap at the moment this is ween the two chinas index as opposed to the other index and what we have and falling 2. 8 . 1 na index advanc
Saying it is looking for at least 8 billion in a Share Offering in hong kong. It would be one of the worlds biggest ipos so far this year. Look at one day off the Public Holiday in singapore, we have got them coming back today. A much brighter session. Nerves have called a little bit in the markets, although you have seen these major markets come off their earlier highs. Getting to the ones that have come online, taiwan up by. 7 . We are seeing weakness from malaysia and singapore, which were closed mondays are the holiday. It looks like there is little bit of catchup going on in those markets. 17 ng a look at korea, up as we see up. 7 as we see samsung rebound. We do have insurers and banking stocks leading the game. It is worth noting, it is the first gain have seen on japans equity market and five sessions. Volatility, certainly a lot lower than it was during mondays session. The volatility gauge fallen by almost 6 today. Futures rise copper futures rise. Sometime in the next hour,