Growth has picked up slightly this month. Asia is back in the black lit to cheap fuel. D by whats going on in the broader region . Lets find out more. Asian stocks are gaining. Gain, another day of gains thats after four weeks of losses. Asian stocks have been on a tear, getting cues from the u. S. As we saw record highs there. The u. S. Is closed on the holidays for thanksgiving. The nikkei is up. 6 . Data this morning showing that came in line with estimates, another month of deflation for october with the cpi falling. 4 . Seven days of consecutive gains and now near overbought territory on the rsi. The asx 200 of. 4 and data from new zealand showing the trade data narrowed. The kospi, not a lot of movement but remember its been a very brutal last few sessions for emerging markets. We will see how they trade throughout the day. Malaysia is unchanged that remember the ring that has seen quite a beating from the surging dollar. Lets get a check of the dxy. It is surging after taking up
All right. We start with a powerful typhoon that is slamming coastal areas of the philippines at this moment and its only going to get worse. Typhoon melor should make land fall at the south eastern tip of an island. The winds are equivalent to a category 3 hurricane, 125 miles miles per hour, and those winds could last up to 18 hours. All Emergency Personnel are on stand by at this moment. More than 700,000 people have evacuated, and most of them are in a southern part of an island. We will go to Pedram Javaheri. This is a part of world used to storms like this. Still, though, this is coming in with a punch. Correct. The threatening thing with the storm was about 24 hours ago it was a Tropical Storm. Weve seen hundreds of them in recent years over the region. Its intensified. And in the last five minutes, walking over to the desk, its now a category 4. The winds have gone from 205 to about 130 miles per hour. This is what is considered a catastrophic strength. Were going to break this
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"We believe," Ir Dr Barry LEE Chi Hong the HKIE's President said in his welcome speech, "that these seven significant events can stimulate the engagement and