To daybreak australia. Shery the top stories this hour. Israel and hamas trade blame after hundreds are killed in an explosion at a gaza city hospital. President bidens summit with arab leaders is canceled. Haidi u. S. Treasuries and stocks fall. Nvidia slumps as the u. S. Restricts sales of chips made for china. Shery more big bank earnings. Goldman sachs post on earnings drop. We had a mixed picture when it came to the Bank Stock Trading session and of course a lot of volatility in todays session given the soaring yields we saw in the treasury space with the slump resuming. We had the s p 500 finishing almost unchanged. A lot of that to do with the fact that we saw strong Economic Data again a large jump in retail sales also solid Industrial Production numbers that sent the two year yield to the highest point in 17 years. We are watching the u. S. China reports as well as we heard about more restrictions when it comes to technology exports to china. So the Philadelphia Semiconductor
Woodwork, the cost of hedging the index is above the annual average. Of bearish options has jumped. Some cloudss, forming when it comes to the hang sengs performance this year. Stocks,you chinese little changed. Red,ikkei 225 in the easing some of the days losses. I want to show you some movers we are watching in hong kong. Sinopec gaining this morning, jumping the most since december 2016. Wanda Hotels Falling after firsthalf results. We may have earnings the driver when it comes to the hang seng today, on the up for a second day. Rishaad thank you. Right, lets get you up to speed when it comes to first word news headlines. Lets get things started with china. The country has called on the u. S. To with draw sanctions. And russian entities are accused of funneling money or resources to on yang. The Foreign Ministry says it and thethe measures long arm jurisdiction of the united states. Australias high court begins hearings on a constitutional crisis. Lawmakers could be declared ineligi
Japan, saying the balance of power has swung too far to the employer side. Let us know what you think of our top stories by following me on twitter. Dont forget to include trendingbusiness. Trade aftering being closed for two days. Singapore and malaysia coming online. If these postopec gains are being held across the region. Juliette we are hoping for that. Malaysia is southeast asias only net oil exporter. Singapore joining in that buying party, up. 4 . Taiwan, a gain of. 7 , taking that rallied from the u. S. And running with it. The kospi is higher by. 1 . A slight dip in south korean consumer confidence, not impacting markets. The nikkei recouping what it lost yesterday, up by 1. 3 . Session, moreays than half were trading without their dividend. The Australian Market is saying great gains, energy up over 10 . Santos also leading gains. In new zealand, upside to. 5 . This is moving into the Energy Sector of the Australian Energy market. It is the top performer, up by 4 . We are se
Nike walking away from Maria Sharapova. Serena williams says her rival is showing a lot of courage. China, Hong Kong Markets getting underway in about half an hour. Singapore, taipei and kuala lumpur in time. We have a stronger yen, which is earnings outlook for exporters. The cost be currently unchanged. The kospi currently unchanged. Expecting the rbs Rate Decision tomorrow. They are expected to keep their cash rate steady at 2. 5 . We are seeing the market housing boom and the bank in little bit cautious about overheating. Emand and its one hour to trading in japan. Lets take a look at some of the movers and japan. All of these stocks are plunging today after the ratings were downgraded. Fujifilm cut to hold. Mitsubishi has stayed down 1. 8 . 2. 2 , air rising today despite reports that pilots are going to rally in hopes of getting more active wage talks going on. Following two point , even when i be case securities raised its price target to 30,000 yuan from 27,000 yuan. Sk hynix i