To deal with china and struck a secret accord with mexico. A backup plan for apple. Foxconn says it has iphone capacity outside china if the trade war forces a new strategy. Shery lets get you started with a quick check of the markets close on tuesday session in the u. S. Stocks fluctuated between gains and losses to end the day in the red. We saw the s p 500 being pulled down by industrial bonds, which were some big gainers. Consumer stocks lifting the index, but not enough to put it in the green. Now holding the longest winning streak since april. The nasdaq also and the dow really unchanged at the close. \ soph . Sophie after the biggest three day game in january, futures are mixed. Kiwi stocks are opening lower, but in sydney, stocks could have gains at 11 year highs. Foxconn said there is capacity to make iphones inside of china. Tokyo electron joints companies that will not supply to chinese clients that are blacklisted by the u. S. The 12th monthly drop in chinese car sales. Tes
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove
Some good news in australia, the . X up 1 3 of 1 thailand has just come online. Pretty flat. It was growing by 2. 8 in the second quarter, pretty much bang on estimates. I will get to currencies in just a moment. Witness coming through the rest of the asian region. Weaknessdown 1. 5 coming through the rest of the asian region. Malaysia down 1. 5 . The shanghai composite down by 3 4 of 1 . The only sector higher in that market is health care stocks. Most of the weakness is moving in following the gains we saw on the shanghai composite on friday. Lets have a quick look at the malaysian ringgit, tingling its slide against the u. S. Continuing its slide against the u. S. Dollar. Its at the 17year low, levels we havent seen his 1998. Other currencies under pressure seen since 1998. Other currencies under pressure. The socalled troubled five could become the troubled 10. The south korean won is down. The thai baht also falling. Those currencies doing a woozy. Chinas economy could be growing
Asia. Japans Supreme Court has ruled that one of the century old civil Code Provisions regarding marriage is unconstitutional. Its the first time the top court has made such ruling. The decision will oblige the legislature to revise the article which prohibits women from remarrying for six months after divorce. The Top Court Said that the article concerning remarriage violates the constitution. The provision aims to prevent disputes over paternity. But the justices said a waiting period of more than 100 days is excessive. Translator this decision reflects how women feel. We hope the diet will revise the law as soon as possible. Meanwhile, the justices said another article requiring a married couple to use the same surname does not violate the constitution. Some argue being forced to change ones surname results in a loss of identity. They said common use of birth names in business and social situations after marriage alleviates such concerns. Plaintiffs argued that both articles violate
Also, the Straits Times index, as well, and lets check in with Malaysia Airlines stock. I think that is up, as well, a gain, but overall, lets just get a feeling of what is going on market wise with david. Thanks, and lets keep in that asia is used to waking up after the u. S. Session. And korea,ng on, japan, and australia, new zealand, a mixed picture, needed 225 getting a lift. The japanese yen is back over 104. The last i checked for the japanese currency, the weakest level since january, so lets see if we do see a continuation of the breakout we have seen starting in mid august for the japanese currency. Things you want to see. Inflation data, the bank releasing minutes from the latest policy meeting, and that is at 3 00 p. M. Hong kong singapore time, and we will wait for the markets to really get wound up. Are watchingt we very closely is the one in australia. And this is simply because the rba decision that comes out, in about 20, 20 five minutes, and we have the current account