We will go to San Francisco shortly for the latest on changes in ubers leadership. On thewe have our eye middle east with the crisis in vauxhall, later in the program. This is daybreak asia, coming to you from 7 00e it is just after a. M. In hong kong. I am yvonne man. We escaped the typhoon in hong kong. A whirlwind of a storm. The selloff going global. It is hard to tell if this is a pause or meaningful rotation out of some of these growth stocks. Betty it seems to make perfect sense, right . Yvonne, these big tech shares are the ones that have led the rally, so you can see at some point, investors would say let us take some profit on these gains. The question is, what is the timing . What gives here . That is what investors are tied to parse through in the next few hours. Heavy some of the tech investors. That looks set to continue. Let us look at how the state of play is into new zealand. Plenty flat. The kiwi at 72. 02. Australia returning back from its holiday, could play catchup
Yuichiro Kondo will stay in his posts for the time being, sources said, in view of his expertise in the securities business and the fact he joined after the market manipulation occurred.
SMBC Nikko Securities Inc. President Yuichiro Kondo on Nov. 4 expressed his intention to resign once he finishes leading the brokerage s revamp efforts following a market manipulation scandal that caused former executives to be indicted.