,uccessive weeks of gains leading to very little Risk Appetite. Have a look at u. S. Futures. That is playing out across u. S. Futures. It is also playing across currencies. Dollaryen, down about. 25 . China, the market is usually dancing to its own beat, and that is what we are getting at the moment. We are up for a seventh straight day. Well above 3000 for the shanghai composite, on midspeculation that this lack of margin debt will lead to another explosive rally. The fuel thats fired chinas market boom and bust. Policymakers are reviving support for margin trading. The state backed agency that provides funding to brokerages is offering shorterdated loans and cheaper prices. Essentially what we have seen at its margin debt is lowest level since the end of 2014 in china, and we know the shanghai composite tracks the margin trading we have seen across china. Was tryingacked fund to get this rout off the ground. It has offered shorter loans and lower interest rates. We are seeing these interest as low as 3 . This loosening is expected to reignite interest in the equity market. Rishaad people, of course this is what happened last year juliette there was that big composite. E shanghai we saw that the leveraging increase significantly around june, but then that money started to come out of those margin traits, and that is when we saw that bust coming through. The shanghai composite, closely tracking that. They are hoping there will be more normalization coming into the market if they loosened these rules and allow money coming through. Rishaad ok. What we do see is a repeat of what is going on. Lets hope it doesnt happen again. Thanks a lot for that. Angie that news is having a Significant Impact on markets. Lets get it back to david inglis who has a closer look at what is happening. Rish wereiette and just talking about this. Shanghai composite, 12 months, this is the peak before things came crashing down. If you draw a line on the level of margin debt on the mainland market, that actually looks exactly like this chart. It goes like this. If you create a different y axis, that chart is on the website. Its one of our top stories today. Up isason i bring this because we are back above 3000 for the First Time Since early january. Breath, is what i would say. We are seeing significant gains across the Chinese Market. We are taking off at the moment 2. 4 as we near the launch break on the shanghai composite. Pretty much a broadbased rally. Acrossbreak it down sectors. Every single sector is up. We have about 1100 shares on this index. Over 1000 are in the green. Brokerages, most of them are up, and as a group, 10 . That really says it all. We could get a debtdriven rally on the shanghai composite, and i think what is happening, if you look at mainland markets, today is proof that what happens on the stock market has nothing to a debtdriven rally on the shanghai composite, and i think what isdo with what is hae economy. Very policydriven, and its a developing story, what we will get from policymakers and whether we will get that rally. Rishaad we have been asking our guests for their take on china. Director oft is chatham house. He says there are plenty of Global Factors beijing could keep an eye on. Bin at the moment, china is looking for a totally new model. We have relied on it for growth, but at that precise moment, you see a change in attitude. China still relies on an open Global Economy to get itself moving forward. If you see europe start to close merkel, if youla see america take a more protectionist line, where does china go . How long is saying all those things are looking up for china. He is concerned about the message being used to address high leverage. I think what we are seeing right now is a strong rebound coming from momentum from the commodity sector and also positive development from governmental news, but having said all of that, the mainland Chinese Market is still very expensive. We are trying to put on leverage again. I dont think thats a good recipe. Who is joshua crabb head of asian equities at mutual Global Investors believes new risks are coming to the four as china shows signs of stabilization. Joshua risk assets have tended to move. Obviously, oil, commodities, emerging markets have been the risk assets, but arguably at the moment, that is starting to change. We are seeing it around brexit or european banks as the risk pro skis proxies. Rishaad that is the word from asia on china. Angie checking in on some stories we are following, our other headlines, the takeover of sharp is at risk of collapse in. As the delay in finalizing the deal drags on, according to reports, they are seeking to pay up to 20 less for the stock than initially agreed to. It has been 25 days since board voted in favor since board voted in favor of the takeover. Darwin Hotels Starwood hotels says it anticipates to take an offer. 78 a share in cash for starwood, the clips in marriotts cash and stock offer worth 59 a share. Starwood has given marriott a deadline of march 28 to renegotiate its agreement, which would create the worlds Biggest Hotel operator. Hasilian miner valle confirmed the death of its former ceo roger nelly in a plane crash in sao paulo. The 56yearolds wife, son, and daughter also died when their plane came down minutes after takeoff. President Dilma Rousseff played paid tribute to agnelli who led vale for over a decade. The First Chinese company has signed up as a major fee for partner. Its also the first sponsor of the football body since the corruption scandal. Last year, chinas president xi jinping made football a national priority. Since then, we have seen some wealthy investors from china put money behind the sport. Dalian wandas chairman and man,er is chinas richest and he has been aggressively investing in football. He took a 20 mistake in madrid last year. Last year, he bought a Sports Marketing company. This company does millions of dollars of business with fee for fifa, and its run by the nephew of sepp blatter. Been doneligence has to make sure there is no conflict of interest. Fifas deal with fee for a runs through 2030. The company has the highest sponsorship rights level and includes the next four world cups. The reason behind it was longterm and bishop. Longterm ambition. Dalian wanda, in the ranks of big sponsors like adidas, cocacola, visa. Is it a value for money . Is it a good use of money . Roz he says its very worthwhile, the sponsorship deal. He said other Chinese Companies could signup to become top fifa sponsors this year. It gives fifas coffers a big boost. So, they will welcome the money, and the fifa president said other deals were on the horizon. A couple months ago, the german publication reported that an agreement could be signed worth the high twodigit million sum. Rishaad Rosalind Chin there. More on that story and the rest of the days news on bloomberg. Com. You can watch some of the interviews you may have missed on bloomberg today. Angie coming up later this hour, find out why one bank strategist says the u. S. Is reaping what the fed has sown when it comes to won and dollar volatility. Coming up after this break, asias biggest art fair is set to start this week. Whether that could be affected by chinas slowdown. You are watching asia edge. Stay with us. Kong, 2 1313 in hong in sydney. These are the stories making headlines. Arrived ina has havana for threeday visit, becoming the first sitting u. S. President to visit cuba since Calvin Coolidge in 1908. Corporate executives and prominent cubanamericans joined him. Has removed the banking and travel restrictions, but only congress can lift a trade embargo that has been in place since 1962. Russian testator say the flight recorders recovered after saturdays crash or severely damaged. The62 people on board boeing 737 were killed when the ande burst into flames russias south. The airlines ceo says conditions for landing were appropriate. Brazil is bracing for another week of political chaos. They knew paul suggests two thirds of voters want president , recep impeached. It follows the swearing in of her predecessor silva as her chief of staff. Critics say that is meant to protect him from a corruption inquiry. And Congressional Committee that will decide to recommend the president s impeachment will meet for the first time monday. News. S Bloomberg Rishaad it has been touted as asias premier art show. Angie art Basil Hong Kong will feature over 200 of the worlds leading galleries, and joining us to talk about the shows evolution and what visitors can look for is at alain read. She is director of art basil. Its one of the most Exciting Events in hong kong. People from around the world, flying over to get access to this really growing, Influential Group of asian artists, eastern artists. Its really the larger show of its kind in asia. We are very proud of it as the art,ng platform for asian as well as to showcase art from the rest of the world. This year, we have 239 calories. We are expecting vips from over 70 countries. Its an exciting moment for all of us. More importantly, im truly excited about the content. We have great work coming from asia, from around the rest of the world, both historical and contemporary. Weve got wonderful artists like stella, and from asia, david diao. Weve got wonderful japanese artists. Please dont miss it, and if you can, do come and see it. Rishaad its the fourth year of it, isnt it . It grows every year. How does it evolve . What are you seeing in terms of trends . I think the size will always remember the same. I think the show has grown from strength. Are only four years old. We are still a baby in so many ways. The first three years was really about outreach, awareness about the show, and the one thing we are grateful about is the support we have from asia. This year, for us, in terms of the development of the show, we are interested in art in this part of the world. This is a wonderful platform to show it off. Angie its not just about the simple art of buying and selling art. Asreally is about curating, much as the artist as the buyer themselves. We have always seen this as a hub, a platform where people come together. Its not just about the buying and selling. This year, we are expecting 110 million representatives and patrons, which is truly unprecedented. We are truly excited about that. This is a time for meetings, as well. Its a wonderful time to other, get to know each hold meetings, and curators come in. Rishaad thats half of it, isnt it . Curators can come in and do research. For collectors, there is always something new, something to learn. Thats the whole point of this show. About the unknown. Its about getting to know a new artist, perhaps someone you know but you have overlooked. Its all about introductions and reintroductions. Rishaad what about chinese visitors . Are you seeing any tailing off of those given the fact they might not have as much money to be extravagant with . No, we are hopeful. Weve got a strong group of chinese collectors coming to visit us. Every year, we have always had them. Angie what did they buy . Do they buy western art or eastern art . Are they look lean more on the international international. I think the appetite has grown. Developed. Has its difficult to pinpoint the trends. For them, its about interests, the things they are interested in, particular artists. Its common to see chinese collectors buying art from l. A. Its quite global and international. More our chinese artists interested in getting into the collections of western collectors . That was really a concern, i felt, or the trend was, over the past couple years. They seemed to be wanting to stay in this region. Its a little bit of both. For every artist, its important to have their works placed all around the world. I think that is the true mark of someones success. Naturally from asia, it would be wonderful to have your work in collections in the west, whether its a museum or private collection. Also, its the reverse. For western artists, now that asian collectors are such a force to be reckoned with, i think its important to have their work in asian museums, in private collections. Rishaad art basel in basel, itself. How much crossfertilization is there . We like to think that every show is regional and different, unique to the context it inhabits, but i think generally speaking, there will always be a group of collectors who will do all three shows. For example in hong kong, the show the key focus is on asia. Of my galleries are from the asiapacific region. In miami, the focus is more on the americas. In basel, its naturally europe. We like that each show has its own character, that at the same time, you have these galleries that will be present in all three shows. Angie name one thing that is going to excite audiences most. Weve got a lot this year. We are excited about our expanded film program. We are featuring five featurelength films, which will be open to the prod the public. We also have the icc tower featuring international artists. Rishaad lets hope the weather will hold up so you can see it. [laughter] im hoping we will be able to have a great view of the tower. Angie regardless, its going to be an exceptional show at art basel. Thank you for joining us. Good luck. Rishaad coming up, stalked and stunned. The latest investigation into the 100 million beijing bank heist. Angie when asia edge returns. Angie you are watching asia edge. Hackers install more than 100 million from the bangladesh centralbank and stopped its Computer Systems for weeks before gaining access. An interim investigation shows a Sophisticated Group of hackers. Lets go to our Southeast Asia correspondent Haslinda Amin who has been taking a look at the story. What lengths to the hackers go to . They went all the way. The hackers were organized, sophisticated. They went to Great Lengths to pull off what is believed to be the biggest Money Laundering case in the philippines. The hackers, according to a report, sneaked through the systems at the bangladesh centralbank for two weeks. The installed software that allowed reentry. They also used malware to make payments look legit. Say the hackers made sure they cover their tracks all the way, no trace whatsoever. Logs were deleted. Its a global money trail from new york to sri lanka and the philippines, 81 million sent to the philippines, another 20 million sent to sri lanka. The original plan was to steal 1 billion. Its a whodunnit in the 21st century. The fed, now part of the investigation. Rishaad how culpable angie how culpable is the philippines . Is it at risk of being blacklisted here . Haslinda for one thing, the incident sheds light on the murky Banking System in the philippines. How did the money get transferred to the philippines, which is run by local casinos through a local Money Changer . There will likely be wider consequences for the financial sector. On top of that, one senator sounded a note of caution. He said the philippines may get blacklisted as a moneylaundering haven, and the countrys Credit Rating may be at risk, as well. It was raised to Investment Grade back in 2013. That may not stick if the government isnt able to show it is taking action. Its a complicated money trail. There is speculation the money has left the philippines. There seem to be too many loopholes in the system. Angie has, thanks so much for that. Rishaad getting you to what is going on with the trading day, lets have a look at sydney. Weve got commodityrelated currencies down a little bit, and that is helping to the press some of those resource depress some of those resource stocks. At the moment, we do see a little bit of weakness. Asiapacific equities, on the way down. Chinese shares have been bucking the trend. The hang seng, also getting a little bit of a lift, up by 1 5 of 1 . Angie you are watching asia edge. Chinese stocks are headed for a twomonth high after policymakers loosen controls on margin lending. Hit overhai composite 3000. Margin loans are blamed for fueling chinas stock boom and bust last year. The wider asian benchmark has slipped, along with crude oil. Dalian wanda will become the first major new fifa sponsor following the corruption scandal. The chinese conglomerate will put hundreds of millions of dollars into world soccer, the first to do so since the sepp blatter was ousted. Present xi jinping made it a national priority. Investigators say the hackers responsible for the 100 million bangladesh heist stopped the banks Computer Systems for two weeks before hand. An interim report by fireeye does not name suspects but says the thieves locked in for short periods and installed malware on servers. Those are the headlines from Bloomberg News powered by over 2400 journalists and 150 bureaus around the world. Lets get the latest on the markets right now with david inglis. David we are just entering the lunch break for markets in shanghai, 30 minutes left in hong kong. Have a look at the morning session in hong kong. The big news was looser restrictions on margin lending. We will be restarting some of that debt buildup. 3006, so we are certainly off the highs of the day. Looks show you how that over 12 months. That is, of course, the boom and bust. Thats about a 10 to 12 gain from the bottom that we saw last year. We are still down roughly over 15 year to date. Gains today are fairly broadbased, but if you did have to pick the biggest winners, the brokerages. Up 8. 5 ,ok at this, 9 . Though,er picture little Risk Appetite come apart from this and the philippines. We hit fivemonth highs into friday. There is little appetite to add to any risk exposure at the moment. We are going for six straight weeks of gains. Japan, which should be coming out of its plunge, is shut today to welcome the first day of spring. That being said, not very eventful. It is playing out when you look at dollarye