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BLOOMBERG Bloomberg Daybreak Asia June 12, 2017

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. Austra ....

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SMBC Nikko fined ¥700 million over market manipulation

The firm received an additional penalty of some ¥4.4 billion, while a former executive officer was given a suspended prison sentence. ....

Teruya Sugino , Daisuke Kanda , Tokyo District Court , Sumitomo Mitsui Financial Group , Judge Daisuke Kanda , Executive Officer Teruya Sugino , Smbc Nikko , Sumitomo Mitsui , Apanese Courts ,

SMBC Nikko CEO to stay on without remuneration following trading scandal

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. ....

Yuichiro Kondo , Sumitomo Mitsui Financial Group , Smbc Nikko , Sumitomo Mitsui ,

SMBC Nikko president to resign over trading scandal

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. ....

Yuichiro Kondo , Jun Ota , Japan Financial Services Agency , Sumitomo Mitsui Financial Group Inc , Nikko Securities Inc , Smbc Nikko Securities Inc , President Yuichiro Kondo , Sumitomo Mitsui Financial Group , Financial Services Agency , Apan News , Mbc Nikko Securities Inc , Uichiro Kondo Smbc Nikko , Smbc Nikko , Mbc Nikko Trading Scandal ,

SMBC Nikko posts record loss on market rigging fallout

The firm signaled personnel changes are in the works, and wasn’t optimistic that business will bounce back quickly. ....

Financial Results , Smbc Nikko ,