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A look at these currencies, hich we appreciate the dollar, as we do have dollar weakness. Lets get to the hang seng. Its beating all the worlds major equity gauges this week barish thing. This this isnt necessarily a death ross, its a 50 day moving average, rather than the hundred day one. 200 day line but quite often does proceed market declines in the past and investors arguably may be about too optimistic next weeks meeting between xi donald trump. There could be an overreaction to the current position with that. To hang seng giving up some of the guns but not by much. Well see what happens. Ets get more on the markets right now. A good one from our global editor. Cs and policy kathleen is with us. Lets start with you. Aid is more of dove for markets to drink . I think the oomph, the push jay were seeing from powell and the fed, its running its course a bit. Know, 10year treasury yields fell to 2 and pushed below a little bit but i also noticed they are failing to hold below 2 so it ....
Rishaad its going nuts, bitcoin. Im just going to show you what is happening here. 85,000 record, over earlier today. This shows you the progression of bitcoin in terms of gold lasts since november of year. We were trading below one ounce of gold. Now you need 6. 4 ounces to buy one bitcoin. Thats the story at the moment as bitcoin seemingly goes in just one direction. Is it a bottle . . Bubble will it survive the apocalypse doomsday some people have been betting on . Like gold, there is a finite supply of bitcoin. Sales of gold coins from the the most iniding the first three quarters of 2017 in favor of this cryptocurrency. Were even last week we wondering, is this about to come to a really messy end . Investors apparently brushing aside concerns over technology. We did see a drop in gold on account of that rebound of the dollar. To the rest of the markets. The financial markets, if you because we are seeing stocks recover from the recent pullback. Lets go over to sophie. Japanese mar ....
Is Bloomberg Markets asia. It was a day for the record books. We have been constantly saying records for higher and higher. Pullback thathe everyone has been inspected but this is due to the aggressiveness. This is second only to the selloff of the top Credit Rating. This is the severity of the cell up when it comes to what we saw after brexit. It is worse than what we saw after china devalued its currency unexpectedly. David you hit the now on the head. We are not used to seeing days like this. Ground, thek at the we had consistent declines of over 1 , were looking that in the asiapacific. Look at the boards here. It took place in august of 2015. That is when china devalued its counties. These things dont happen to often. Is this a bear market . No it is not, it is a healthy correction. Do those conditions involved . Were watching the long end of the year curve. Watch what ....
Kongshanghai connect. From the just pictures trading room floor. That is what we have at the moment. We seemingly are finally there. It is just half an hour away. Market swinging open to Foreign Investors in a limited way. It is the Hong Kongshanghai connect. We have dave watching the action from the Credit Suisse trading floor. What is the mood like there . Good morning. As you can hear from the guys behind me, the decibel level is getting louder. We are entering 30 minutes before the open. That being said, a lot of focus today will be on the backend. A lot of investment and a lot of time, not only from the exchange, from brokerages, all throughout the industry, they have gone into making sure this open will be very smooth. I just want to mention as well, when we talk about these daily quotas, a lot of chat has sur ....