A policy decision out of the bank of korea staying on hold as expected. Surveyed that we stated that the bank of korea would stay on hold at 1. 5 . Who succeedsas to the governor as this was his last decision as the governor of the bank of korea. There has not been a lot of consensus over who replaces him or if he gets reappointed. Take a look at this chart. This is the conundrum they are facing. We had the rate rise in november. Export growth is also coming in a little bit weaker in terms of that last read that we had. Debt is oneath of the conundrums that bank of korea is facing. Banks, aany central fine balancing act. It is largely down to the fed. Take a look at the market reaction. Lets go over to sophie. Sophie you have text talks global stocks are rallying. Stocks in tokyo are rising. Have all of these stocks rising for a fifth straight day. Morgan stanley cannot a report saying that lithium prices will peak this year and have by 2021. An eye on keeping chinese lithium stocks at the bottom of the hour. I went to be keeping an eye on bbke bonds following the decision. The currency is flirting with the 1070 handle following the haley from governor lee. Wear at aeporting to trio of old iphones. Taiwanese apple buyers on the rise following that news. Barrow euro is better, apparently. We will get to the fed in a minute. These two Central Banks are very much connected. Where the bank of korea goes next. Leesprises for governor presumably last meeting. N a governor of the bank of korea has not been reappointed since the 1970s. No suspense surrounds his decision. The be ok was not expected to move bok was not expected to move. Topeka and show a little bit less growth in the second half to peak and show a little bit less growth in the second half. Some transitory factors. Meanwhile, the white line is the key rate under governor lees fiveyear turn. That was a record low in november. Back up to 1. 5 . I think it is also interesting that as the bank of korea made this move, Consumer Confidence fell in korea for the Third Straight month. Beingnds of things are decided here, it is definitely a. Ecline is since november up in confidence coming back down. For the consumer, they seem to be tracking the change in confidence as it occurs. Bank of korea poll finds that the threat of antidumping terrace from the u. S. Onto imports from south korea, one of the big factors hurting, often the potential for faster hikes. The expectations for the economy in six months, the Current Conditions are all down a bit. Reallyk of korea cannot control of protection and trade press from the u. S. I read that one of the analyst was saying that it essentially does not matter who replaces governor lee is they will be dealt the same deck of cards and probably the same responses in terms of how they are forced to act depending on where the fed goes. 314 was not the last times we saw an emerging nation, certainly a lot of countries where the currency is so important to their economic fortunes, like korea. If the fed makes a move that is rapid, right now asian sure there is like to be some gradual rate hike, if it were to speed up, this is the kind of thing that could put them a bit more on the defensive, especially in countries who are viewed as more dependent on foreign capital. Countries like india, philippines, indonesia are seen as some of the most vulnerable. Theyre the ones whose currencies suffer the most right now. Haidi that is right. Have beenegists saying dont worry about the next round of the taper tantrum. Unexpected to hear anything that could create some sort of voluntarily volatility when it comes to asian markets . Thinking he is in u. S. Markets. He is going up before the house of Financial Committee as chair of the federal reserve. We already have the Monetary Policy report from friday. The question of course is can jay powell stay on janet rate as much as economists say they will . I like to throw this in the mix because were looking at the blue line and inflation coming steadily down to 4. 1 . How these curves go in the weeks and months ahead is going to determine how aggressive jay powell has to be. Of the st. Louis fed speaking at the National Association for business economics today says that his is that the fed could go a little too far and raise rates a little too fast. That is the kind of concern that if that starts spreading around the world, i think it is what you reverberate in a lot of markets, including asia. Haidi so interconnected. Thank you very much. Powell ahead to jay turned were talking more about boks decision. That is coming up and a little more than an hours time. Lets get you the first word news. He is sticking to a stimulus plan. He told the European Parliament that economics lack larger than the thought and the bank must continue to provide the accommodation required. We are generally more ,onfident that our inflation that inflation is proceeding towards our objective. We also have to be persistent and patient because the underlying inflation has not shown any convincing assigned of an outward take. U. K. Opposition leader has raised the stakes by confirming a labour party deal with the eu on Customs Union. He announced that over the clear divide with theresa may. He said he is putting people and the economy before ideology. They would seek a final deal that seeks full access to European Markets. With no new impediments to trade and no induction of rights in standards and protections. Regulators in japans are preparing a regulatory overhaul that could lead to a shakeup of trillionns 10 sector. That would allow emerging companies to compete directly with traditional institutions. The new york state comptroller said that new york state did nothing to prevent the Sexual Misconduct of the steve when wynn. A complaint in nevada claims of that the board was aware that at least since 2016 of the allegations against him. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. thanks. Still ahead, alibaba follows a big player in chinas delivery market. Details later on in the show. Up next, we will be meeting new zealands financial minister. This is bloomberg. \ haidi this is Bloomberg Markets asia. Apple is set to be readying three new iphones at this year. Sources say they want to attract consumers who lack the multitasking abilities while also appealing to those who want a more affordable top and iphone. Were also told that plan could change. Google has launched its latest android operation. It is designed for emerging markets where most of us have less month memory and slower connection. Says it is a stripped back version and that means the android app can launch 3 faster. Sonys new flagship aims to put some digital cameras to shame. Record video which the Company Claims is an industry first. They face some top opposition. It did not rank in the top five in terms of mobile sales in the 2017. Ter of 4017 kiwi dollar is selling across the board. The largest for any january going back to 2007. Iette imports surged 17 . That resulted in a trade to deficit. Lets bring in new zealands minister of finance. We have seen the kiwi recover. It is back above . 73 now. Traderd is that to manage and finance when you have a currency that strong . Country withtable good credit ratings. We are easy to do business with. I think the currency will always be something that traders will focus on. Consider conditions that are tough. It is very dangerous to speak on exactly what level you want the currency to be. A strong new Zealand Dollar reflects a Strong Economy. Amateur the central bank will continue to keep a focus on making sure that the economy stays in balance. Juliette you did inherit a very Strong Economy when he took over in october. How impacted are you buy this rating and Business Confidence . Is a threat,nk it i think it is quite natural after an election that he will get a. Of uncertainty is a new government a period of uncertainty as a new government comes into play. I believe that confidence in the overall economy will increase. We have very strong Consumer Confidence in sydney. I think is our program rose up, we will see the Business Confidence rise up. Juliette you do have a new governor taking over. When you look at the actual target rates, 1 3 , you have core inflation, how focused are you on the target . It is incredibly important for new zealand and new zealanders to manage inflation. I am just old enough to remember when new zealand had doubledigit inflation, it is not something that hits are people very well. We want to look at the Overall Health of the economy. We are undertaking a review at the moment to see how it can continue to support the productive economy. We will keep the inflation target, but we will also look to aroundce new objectives maximizing employment and making sure that the real economy is bordered by what we do in Monetary Policy. Juliette you have had a model that has worked so well, why tinker with that . There are other aspects of how the new zealand economy operates that we want to be able to support. We want a more productive economy in new zealand and move people away from investment in the productive sector. We want every path in the economic apparatus playing its role. I do think it is important that is playing its role across the board. What we do in terms of fiscal the macroeconomic environment matters as well, but we want Monetary Policy to play its part. Juliette any likelihood we will see a hike . This and commentary that you do, that is what they are saying. Obviously, we will have a new governor. He and i will sign a new policy targets agreement when he becomes the new governor. This also make sure that we are looking into the border productive broader productive economy. He is a very experienced operator and has been at the Business Bank before. He has also played a role and has a great understanding of how the economy operates. Trump held asident joint conference that they may rejoin if it were a much penalty muchbetter deal better deal. The 11 countries that remain have put together a quality deal. Opportunitiest now for our goods and services and exporters in two countries like japan and canada, the also enhancing our existing relationships with singapore and chile. With some of the suspended clauses, if the u. S. Wants to come back into the agreement, obviously they would then need to renegotiate with all of the players to do that. We would of course welcome more countries joining into what is a quality agreement. New zealand has other priorities too. We want to work towards a Free Trade Agreement with the European Union and were looking at with interest at what is happening with the u. K. With brexit. Te your government is promising a life changes including banning sales and houses to foreigners. Do investors have anything to worry about . Know, in effect we want them to invest in our housing stock. Making suredoing is that in terms of existing residual property, we apply the same rules which is that you have to have a right to live in new zealand to buy an existing property. New zealand needs and welcomes Foreign Investment and it is how we uphold our standard of living is a small country. We dont expect a sharp correction. There has been some leveling off in house prices already in new zealand as we increase supply and manage some of the demand side. We expect it to be a period of stability in housing market. Juliette that is the new zealand finance minister joining me here in singapore. Haidi thank you so much. This is bloomberg. Haidi this is Bloomberg Markets asia. I am in sydney. Lets take a look at your markers. We get another positive handover from wall street. Sophie, what are you watching . Sophie more green across the string. Screen. On aia. Eeping an ioeye buys. Are currently 16 we are keeping an eye on apple suppliers, very much in the spotlight. This after reports that apple is set to roll out three new smartphones later this year. Securitieshing kci k. G. I. Those are just too specific stocks we are keeping an eye on. We have been seeing other apple suppliers move in tokyo and seoul. Other stocks are climbing on the backs of this news that apple is looking to roll out the new iphones. We had a question as to whether or not this means of the demise of the ipad. Apple news is always capable of creating rumors in the asian markets. Changing the rules to make way for an indefinite role under the chinese president rule under the chinese president. This is bloomberg. Haidi 9 29 a. M. In hong kong. We are counting down the opening of trading in shanghai. There will be joining what is another positive session in asian stocks. With preload volatility overnight. Pretty low volatility overnight. Re looking at jody just janet yellen at 2 . Prettyell would be cognitions that the markets are watching his every move. Here in asia, we have the bank expecting it to keep rates on hold at 15 . 1. 5 . Markets consider what direction his future policy might take, given he may rule beyond 2023, you have a deduced start. Shanghai stocks are losing ground after the best threeday event since 2016. A little bit of a risk move coming through mainland markets so far. Check out what has come going on in hong kong. When it comes to what potential seems a we could look to with the economicasure, thatmation is reporting china will take steps for rural development. Fellow till the has eased following what we have heard. After posting a new business of kong led by china and hong. We do have some real estate stocks on the rise. Almost 2 . Den is up carmakers are continuing to rise after the search we saw on monday. We have tech shares on the radar. A quick look at chinese lithium miners. For them to move after Morgan Stanley that lithium prices will peak this year. A bit of a mixed bag in that space. Taking a quick look at chinese stocks that have key and or emperor and their names king or emperor in their names. We are seeing them under pressure to day up. There is a history of people betting on stocks because of the names. Haidi thank you so much for that. An indefinite presidency means that investors will find their chinese portfolios will be increasingly tied into just one man. These stocksome of market names could also add block change to their names. Implications, is there a consistency in terms of what to expect and Chinese Markets now . Sophie this is more of a longterm change. This means more political uncertainty, and that is always good news for investors. If we look at some of the other constitutional changes that have been proposed, it also means more specialized power. It could been stronger in limitation of whatever policy comes from beijing. I think ultimately, it comes down to this. You have everything tied to one man. Comingas a good policy up from him, this is good news for implementation, but if you have bad policy, then i think markets could be in a bit of trouble. Given that we know he became president in 2013 and we had what happened to markets in 2015, what does that tell us about having an approach and a market volatility or market reform . Ne 2015 was probably the most remarkable year in terms of markets during his term. What we remember is a lot of volatility followed by intervention. Think a lot of lessons that investors have probably correctly drawn from experience is that if Market Forces are moving in the direction that the if theylikes, arent, maybe they will step in and raynauds forces in reighn those forces in. Haidi what has been the back best during his term . consumption has been a big seem with the rising role of the consumer and chinas growing middle class. A lot of the consumption stocks are boost stocks. Who doesnt want a glass after work . That includes some really good truck makers. Drug makers. There are also some companies that are strong in surveillance is Public Security has also been a big seem. Theme. If you look at what has been going on since torre 13 and in particular last year, it looks like consumption is still a big theme and Chinese Markets. Haidi looking at what the next five or 10 years may look like. President s ther presidency is, could it be supported by Strong Economy . Yvonne we are still seeing signs that it remains robust. Smaller businesses report a more optimistic outlook. Financial analysts are increasingly up. The holiday has seen some disruption. Satellite imagery indicates manufacturing has eased. A man fired three years ago as the South African financial minister is making a comeback. Sources tell bloomberg he has support of the new president. The president s to announce a Cabinet Reshuffle on tuesday evening. He is coming back to his former job as home affairs minister. Former general may contest indonesias next president ial election which will be a rerun of the bitter 2013 race. He is popular and has improved access to health care and has fallen short of a promise to boost growth by 7 . Billionaire brothers have had their assets frozen in india to enforce a 540 million award. The site is started in 2008 when the brothers sold. General electric says that recent negative headlines do not tell the whole story. Structuremping its and raising accountability while also over hauling the board. Wasen buffett says he surprised by the surge ge took. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Haidi thanks so much for that. We have been getting some of these lines coming through from the treasury secretary. Talking about sanctions on north korea saying the treasury will announce russian the sanctions. If inflation shows up, that would be a concern, but he does not think it will are concerned yet about inflation. Joining