Renewables is seen widening the appeal of its muchanticipated ipo. Yousef it is 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Our top story today, north korea reporting missile launches early this morning before the markets opened. Markets look at how reacted, we saw a spike in defense related stocks. Lets jump into my bloomberg. I have the industrial space right here. 6 . This little bit on a day where it is subdued and volumes are not quite there, defense stocks up him a 1. 5 . Have a look at some of these names, five within that space. That said, history tells us that when you have these spikes on the peninsula, you get a spike in stocks. And you get a drop subsequently. Japan ande story, south korea have issued a strong protest. We are looking at reactions from the u. S. , and most importantly china. Guests oned by our all this. What do we have here . It is just ratcheting up relieved attention. This,h, it is kind of som
Shift in preference toward developed markets. Australia is up for the eighth straight week. Closed. Nothing lifechanging, though. A preference toward developed markets. Look at taiwan, for example, this is a very good symptom, if you will, looking for a place to be part. The latest member of the bull market club in asia. Number eight across the asiapacific. Something to keep in mind. I was talking about the rmb, take a look at the shanghai composite. We are seeing a lot of pressure on this market. Pressure on asome lot of these developers, materials, cement. Have a look at some of the main benchmarks. We are seeing some pressure. Up with thethings kiwi dollar. Dropped early this morning following inflation data. At these levels for the most part of the morning. Yvonne thank you so much. Softbank said to be nearing a 32 billion deal to fire british so my conductor to fire company. Emi conductor this is going to be a blockbuster deal. Acquirebillion deal to arm holdings, listed in london
After a year of turmoil burkina faso has a new preside president. He took more than 50 of the vote in sundays poll, these were the first president ial and legislative elections since an up rising in october last year that led to Blaise Compaore resigning after 27 years, we have more from the capital. Reporter celebrations rocked the capital the moment of results of the elections were announced from a Prime Minister was proclaimed the we were. He will become the countrys first civilian leader in almost five decades. In his victory speech he promise today follow through on his campaign promises. Translator we owe to those who sacrificed their lives for our country. The respiration of our constitutional order. Peaceful governance that strengthens democracy and national reconciliation. Reporter citizens of burkina faso are celebrating the end of political turmoil. Its the hope that a new prison well ashhar in a new era of fiscal democracy. He was also the president of the National Assembly
Pope urges action to tack emclimate change. Tackle breaking new. Lebanese army has received the body of a soldier killed by news Road Accident front rebels in a long awaited Prisoner Exchange deal. More soldiers are expected to be handed over on the lebanese syria border. A number of soldiers will be freed by the rebels in exchange for the release of prisoners held by the government. Burkina faso has a new president after a year of turmoil. Roch mark kabore won more than 5 pa of the vote. Sundays president ial elections were the first since an uprising in october last year that led to Blaise Comparore resigning after 27 years in office. Al jazeera moham ed ado has more. Reporter celebrations in the results of the elections. Former Prime Minister mac mac was proclaimed the winner. He will be the first civilian leaders in almost five decades. In his victory speech he promised to follow through on his campaign promises. Translation we owe to those who sacrificed their lives for their coun
Down on the former Prime Ministers colourful career. Japan is backing the United States after it challenged the chinas selfdeclared defense zone in the East China Sea, flying two b 52 bombers over a disputed area claimed by both beijing and tokyo. The expanded zone was announced by china on saturday. It said it monitored the aircraft as it flew over. Here is the latest reaction from japan, starting with the u. S. Ambassador in tokyo. Unilateral actions like those taken by china with the announcement of an East China Sea defense zone undermines security, constituting an attempt to change the status quo in the East China Sea, serving to increase tensions in the region. Japan has shown great restraint. We urge them to continue to do so. Translation the publication of chinas air Defense Identification Zone was unilateral, and the backlash from the international community, including south korea and taiwan is strong. Wed like it retracted. We cant accept it. I believe the u. S. Is working fr