In hong kong, where there are concerns the visit of chinas president xi may have stoked divisions in the territory. 0n the face of it, mr xi was simply marking the 20th Anniversary of hong kong being handed back to china by the british, but he used the event to warn against any challenge to beijings control. The Foreign Ministry said the handover deal, Guaranteeing Two Systems until 2047, had no practical significance, and there are fears of new Education Programmes to bring the public into line. It was all smiles for president xi as he left hong kong on sunday, Shaking Hands with carrie lam, the new chief executive of the city, who is widely seen as a chinese ally. But he can be left with no doubt about the strength of feeling among many citizens of hong kong. Thousands of people took to the streets over the weekend in support of greater autonomy from beijing. A little earlier i spoke to the lawyer, former legislator veteran and democracy campaigner martin lee. I asked him what he mad
Gathering over stores. But there may be a silver lining. Betty this is daybreak asia, live from bloombergs u. S. And asian headquarters. I am betty liu in new york where it is just after 7 00 p. M. Yvonne i am yvonne man. Attention in the Korean Peninsula with duck with President Trump doubling down on rhetoric in pyongyang. An ugly day ine asia after ending the trading day rough. Pretty strong declines. We have been remarking how the markets have seemed resilient to these headlines coming out, whether it is on china, north korea, or russia. Here we are at the second day of the big losses. It looks like the market not quite knowing how to price in these ratcheting tensions, setting you up for a pretty dismal opening in asia. There are some guests we have talked to over the last 24 hours, is this all geopolitical risk, or an excuse for investors , investments that have gone too far and are too expensive . It is a risk off across the board. I love this line, hard to price in an extinctio
Rishaad uncertainty of geopolitics affecting sentiment out there. Having a look at the volatility index, going to show you what is going on, because weve got levels being elevated. Ofe risk since the end october. This is where we are at the index. With the vkospi we have missile tests that elevated risks, but not quite like this. Normally south korea is sanguine when it comes to the threat from the north, but nerves are creeping in, haidi. Haidi thats right, and just as well that the japanese markets have closed. To latest Public Holiday appreciate the beauty of the terrain in japan. That does not mean the yen is not trading. We are seeing further demand as a result of the safe haven that picked up pace overnight. We are 15 minutes out from the opening of china and hong kong. Dave will take a look at the markets. Dave we went from 112 to 109, i guess keeping with your mountain day theme. We are offpeak. Far, inrkets opened so the past hour. Three markets opening up taiwan, singapore, m
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