And the 775 barely. Seven point 75 barely. China is trying to cool down more. This rally also in tech stocks in shenzhen. Marginal gains in the csi 300, but the chinext seems to be on fire. 8 10 of 1 higher for shenzhen small caps. Keep in mind, offshore investors also sowed sold a record amount of stocks recently. Seems tohe hang seng, be brushing aside the executive order from President Trump. We are seeing the rally up more than 200 points for your hang seng. We are watching things like export data out of indonesia, indian trade numbers. When it comes to the philippines, that is the only loser on the board today. We are expecting to hear from the president to announce the latest quarantine measures. They have not really been able to stop this virus there. The nikkei up 3 10 of 1 . Steady stream of earnings in tokyo. Taking a look at the dollar, that seems to be dropping. You are watching things like your dollaryen unchanged around 107. U. S. Yields at. 63 basis points. Oil after fou
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
And the trumpet ministration under fire for allegedly ignoring intelligence reports suggesting russia offered a bounty to have u. S. Forces killed in afghanistan and the Indian Government has revamped its strategy aimed at slowing the countrys rising coronavirus cases but does that have any impact. Im sorry kelly welcome to the program hong kongs former colonial ruler the u. K. Is offering a safe haven to a round 3000000 eligible residents as fears grow over political oppression in the territory london says that it would grant residency rights to those born before 997 while hong kong was still under british rule. This announcement coming as Hong Kong Police made hundreds of arrests under a sweeping new security law imposed by beijing. Hong kong activists say their freedoms are being eroded however beijing says the law is necessary for the city to prosper and that many countries welcomed this. Move on behalf of 53. 00 countries cuba welcome to the law of the peoples republic of china on
Russian sign off on president Vladimir Putins constitutional reforms to the changes could keep him in office until hes 83. Im sorry kelly welcome to the program a sweeping new security law imposed on hong kong by beijing is being met with growing International Condemnation the United States is threatening sanctions and hong kongs former colonial ruler the u. K. Is offering a safe haven in the form of residency rights for up to 3000000 eligible hong kong by contrast the e. U. Has issued little substance in the way of reaction well hear from brussels in just a moment but 1st this report. Home come back to the say their freedoms are being eroded however beijing says to the. Its necessary for the city to prosper and that many countries welcomed this. Move on behalf of 53. 00 countries cuba welcome to the law of the peoples republic of china on safeguarding National Security in hong kong at the session of the United Nations Human Rights Council the belief that the law will have to sustain a