Haidi welcome to daybreak australia. We are counting down to asias major market opens. A mix start ahead for asian stocks. Investors bracing for another busy week of centralbank activity and earnings headlined by nvidia. Also, rescue teams searching for irans president and foreign minister after the helicopter crashes in dense fog with conditions described as extremely difficult. Stephen we will have live reaction and analysis as lai takes his heart haidi tension regardless of how you characterize the relationship. Plenty of politics and Economic Data as well as essential Bank Decisions on tap. This is the picture as we set up here in sydney. We are looking higher. Stocks are set to climb more broadly across the region. U. S. Equities with a french fresh record high. We had some moves by beijing to shore up chinas property market. Some analysts say the housing rescue policy measures are too small to make a meaningful difference. A50 china futures looking pretty optimistic look at how u
Samsung. But also how it points to this bottoming out in the chip market and potentially the recovery for semiconductor demand. Were actually seeing sk hynix starting today on the back foot, sliding about 3 now is investors digest that scorecard. Potentially what we got from med is bringing from meta is bringing the downdraft into the korean session. The outperformer among the asian currencies looks to be reversing some of that today. We also have the open in japan. One of the things we will be watching out for has been the japanese currency which has breached the 155 level. This has got to do with that yield gap as we saw the way u. S. Treasuries were coming under pressure overnight. But now that we are watching the yen at the weakest level versus the greenback in about 30 years. Consider how back in june 1990 when it breached 155, it was a matter of a couple of days before it reached the 160 level. Though there is some skepticism as to whether we will actually see intervention by the
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Samsung Replaces Chip Division Chief as It Tries to Catch Hynix bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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