North Koreas Nuclear weapons are a reality and the button is on his desk. Hello, from sydney. Im haidi lun. We are one hour out from a just first major market. Happy new year. Happy new year to you. It is just past 5 p. M. In new york, still new years day. In this neck hour, we will take a look at how wall street action could play into the very first asiapacific trade date of 2018. Lets get a quick reminder of how u. S. Stocks ended last year. Ended in negative territory with the s p 500 down about half a percent. The dow about the same, losing about 100 points in the last 15, 20 minutes as traders try to close out the position for the year. Year to date through 2017, the s p,the dow, and nasdaq were up about 25 . Russell 2000, the was up about 14 year to date. Green across the board. Absolutely. Looking for fresh drivers as we go into the brandnew year, tax reform getting done. Interesting if trading does get underway in asia. It will be a truncated start because look at the markets t
1990. Kim jongun tells the world north Koreas Nuclear weapons are a reality and a button is on his desk. Good morning to haidi and good morning to our viewers across the world. We ended 2017 year to date for equities on a high note but we are seeing some volatility possibly happening coming out of north asia with kim jongun. Taking a look at what happened in the last day of trading here, down by half a percent. If you were totally in from 1 through the end of the year, you were 1 through the ene year, you were up by 20 , as much as 30 if you are in the nasdaq. Haidi absolutely. We were talking to garfield earlier, 7 when it comes to aussie stocks, barely a blip in comparison to the heavy gains we have seen for u. S. Equities and across asian equities. In particular when it comes to japan. One of the markets not trading today is japan as we have a number of markets still offer the new years holiday. New zealand, tokyo, thailand and the philippines on a break today. We are setting up for
Rishaad what a rally it has been so far in january. Lets have a look at what has been going on with china. Hong kong versus shanghai. Bringing up a chart for you. Main equities may be in the shadow. The benchmark is notching up and moving, closing at its highest level since 2015. It has been a rock and roll ride. Rough 2016. A it sparked off some panic. Eight home 2017. 20 17. A call lets not forget hong kong. Its a redhot stock market. Looking at this tends to show you what happened here with the momentum building up as we head further into the year. Perhaps more games to come . That is the big question. Haidi particularly as the market looks at the rise of china. It is a global synchronized growth story. Speeding through the earnings season. That is where we all record highs. They had so much momentum coming out of the u. S. Targets. Over 18 have beat estimates. You can see that coming through. Looking at the asian session, we are preoccupied with a few things. Apple supplies. When t
I will have more on the Market Movers shortly. Angie president she jinping says china and United States should talk more often to build trust. He also said the pacific should not be a battlefield for competing views. We have our china correspondent standing by live. A mainly positive message from the president . Not too much detail, you do not expect too much detail at events like this and opening addresses. The tone, the words about cooperation, greater can medication between the two sides when it comes communication between the two sides when it comes to the issues in the south china sea. A dialing down of some of the bellicose rhetoric you hear in some of the state media. It comes after some close calls jetsy between two chinese that intercepted a u. S. Spy plane. Building a great wall of isolation. President xi thanked peace and said peace the vast pacific should be a stage for inclusive cooperation, not an arena for competition. John kerry also addressed some of the key political
,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