It has been a rough quarter for the hang seng index down 8 in that period. Property slumping about 13 in the same period. A long way to go. In terms of new zealand, up 0. 7 . Singapore as well as indonesia. China on holiday. In the fx space the dollar down for a second day but bear in mind it is still a strong dollar story. For today, up 0. 4 in the ringgit. Gains for the kiwi as well as the aussie. The commodity space, oil still hovering strongly above 90 a barrel, putting the inflation story back in play and in the bond market, well, we have yields trending higher in australia and japan as well as singapore. 30 year yield in japan at the highest level since 2009. Expectations normalization is about to take place. Rishaad lets look at china, just getting the open their. Having a look at whats happening. Trade data out later today in the afternoon. Just about a one point gain. 0. 1 . The bart a little moved. If you look at the course of september it is down 4. 5 . We are also looking f
Benchmarks here in asia. The nikkei to 25 expanding its loss to one point first 1. 7 losses. A sei being dragged bound down by tech in particular. Hsi down by more than 1 . Csi also under pressure. Evergrande. You will be talking more about that. Take a look at the fx space. We have the dollar consolidating somewhat but its a strong dollar story. Currently, pretty flat. Weighing on the taiwan dollar. Get down by 3 10 of 1 . The offshore yuan currently trading up by 1 10 of 1 . We talk about the yuan, you have to talk about the strongest fix on record in excess of 1400 pips stronger than anticipated. Clear messaging from the pboc, not letting up on support for the currency. Brent crude. Wti crude inching ever closer to 100 per barrel. Putting in place at inflation story yet again. You have to wonder how the federal react. Yields trending higher in the bond market. Similar to what we saw overnight. Lots of big swings for treasuries. 10year gilts in excess of 50 basis points before finall
They tried to settle claims of thousands of former employees saying they were cheated of severance payments. The Billionaire Elon Musk laid them off after acquiring the social media platform last year. That is news coming through from x, or twitter, whatever you like to call it. That just breaking on the bloomberg terminal. Having a look at markets in play, just checking in with what we have, it is a day where we are seeing mixed fortunes ultimately and we have asian equities in cautious mood. We had the hang seng which started the day going great, but we have turned tail now, off by 0. 3 . The nikkei to 25 continuing its winning streak, up 1 and leading the charge across this part of the world. If you look in the column, we are seeing treasury yields layout as well and making themselves felt in this part of the world. We have got the sale of securities taking place from the bank of japan, and this is all taking place as we do sees elation mounting that the boj meeting is set to normal
Getting a sense of where the chinese economy is heading, december pmi from the private side ties shin. This is the third couple of days we have had the numbers that of the official stat bureau. 9574 on the bloomberg terminal. You can see where we have come from the dark days of 2008 when everything fell off a cliff. 51. 6. I here, that number came in and the other day. 50. 8 whiching at reflects what is going on with the small and mediumsized enterprises. Showing we have growth and it is steady as you go for the time being. Untilutes ago to go trading in hong kong and 45 minutes until the thai shin numbers came out. A late opening today because of a big ceremony going on in the korean stock exchange. Fort of news to digest those market participants. Good morning. As seoul gets back online, quite a bit for markets to consider. Kim jonguns new years eve address. We have the latest data points for south koreas showing exports rose to a 60 year high. We are seeing it gaining about one thir
Commodities largely oily largely avoiding the rout. The latest from Goldman Sachs. This is Bloomberg Markets asia. Haidi as you mentioned, it wasnt smooth sailing. It was quite a stomach churning roller coaster. Buckling and go along for the ride. Opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u. S. Stocks finish in the positive. The question is, is this the new normal . His volatility back with a vengeance . Lets take a look at how things are tracking when it comes to the asian session. We are seeing this recovery mode playing out when it comes to Japanese Equities. Some of the hardest hit yesterday in the selloff. The topix rising about 3 at the open, the nikkei 225 also up by 3 . This is being driven by tronics best buy electronics by electronics and auto. David finally we can focus on the data coming out. There, and the words of bon jovi, because that has almost been the anthem across markets. Really living on