The Chinese Market has been pretty resilient amid the turmoil. The nikkei to do five higher by 6. 7 . Bluechip stocks stocks looking attractive, up 0. 8 , the cheapest since 2009. Wont be surprising for investors to be picking those out. The rest of asia was pretty much down. The hang seng rising 4. 5 . The benchmark in new zealand higher. Lets flip the board and see where we are in terms of futures. A higher open. It is surprising unlimited qe did not raise the s p more than most people thought. Futures acrosstheboard pointing to a higher open later today. Now, hong kong is taking drastic measures after a surge in imported Coronavirus Infections. From midnight wednesday they will ban nonresidents from visiting for 14 days and will stop bars and restaurants from serving alcohol. Lets bring in stephen engle. Lets start with these latest measures. Why is the government feeling they are necessary . Stephen last week they put in another step where they required a 14 day quarantine for all
Good morning. Its 7 00am in singapore, midnight in london, and 7 00am in hong kong, where the territory has experienced a tenth successive weekend of clashes between pro democracy protestors and riot police. Tear gas was fired after two petrol bombs were thrown near the main police headquarters. Earlier, beijing warned britain not to interfere in hong kongs affairs, after the uks foreign secretary dominic raab suggested there should be an investigation into ongoing violence against the pro democracy movement. From hong kong, heres jonathan head. This is how it starts every weekend now in hong kong. Theyve turned improvising barricades into an art form. They work with impressive speed and coordination. Theres never much time before the police arrive. These confrontations are now a familiar routine in hong kongs streets. Generally, the protesters retreat, avoiding direct contact. But, by nightfall, the clashes were happening in multiple locations across the city and getting worse. The po
And well bring you the story of the asian ice man, whos finding ways to indulge his passion at his kuala lumpur home. Good morning. Its 8 00am in singapore, 1 00am in london, and also 8 00am in hong kong, where the territory has experienced a tenth successive weekend of clashes between pro democracy protestors and riot police. Tear gas was fired after two petrol bombs were thrown near the main police headquarters. Earlier, beijing warned britain not to interfere in hong kongs affairs, after the uks foreign secretary dominic raab suggested there should be an investigation into ongoing violence against the pro democracy movement. From hong kong, heres jonathan head. This is how it starts every weekend now in hong kong. Theyve turned improvising barricades into an art form. They work with impressive speed and coordination. Theres never much time before the police arrive. These confrontations are now a familiar routine in hong kongs streets. Generally, the protesters retreat, avoiding dire
More solid, with the exception of what is happening in hong kong. Yvonne saw another violent weekend. Police firing tear gas at subway stations. Hong kong relatively stable when it comes to the hang seng. Cathay pacific, seeing one of the biggest worst sessions we have seen. Lets talk about what would watching in terms of currencies. Dollar china below that 710 handle. Comingseeing strength through in the earlier losses. The close on friday was not pretty. David we took one of the three levels we were tracking, which would not take you back to the referendum. Took out 121, 10 speak looking at 11986. Watching those levels very closely. Iron ore is continuing. 28 depending on what contract. Still holding up at the 1500s. Yvonne lets talk more about what is moving on these markets. We saw stronger fixing from the pboc, where the currency headed now . What the pboc is signaling is aat it is trying to oversee steady, controlled weakening of the currency. Thats what the fixes have shown over
China out prices in in half an hour. 4898, it tells you what has been going on since 2006. The white line indicates firsttier city performance. We have had this massive runup in june 2015. Ever since, we have seen this fall back. It has been muted for secondtier and third tear cities. We have early data from china real estate showing a sharp rebound in tier one cities and tier three cities. Is the result of strict controls during the october Party Congress unwinding, so the possibility of a turnaround. All will be revealed after xi jinping said houses are for living in, not for speculation. The lastding day of week in this part of the world, singapore, taiwan, and malaysia kicking things off. Sophie the countdown to christmas, risk on for markets with the u. S. Tax bill passage looking likely. We have the Malaysian Ringgit and the won leading declines against the dollar, and the yen looking to test 113. We have u. S. Key Economic Data deck this week. Shares mostly climbing. The kospi l