Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific
Nvidia remains in focus as shares extend their decline and scrutiny grows around CEO Jensen Huang. The company's board has brought in a former federal prosecutor to investigate reports Huang was targeted by Chinese intelligence. We spoke with Michael Monaghan, Portfolio Manager of the Founders 100 ETF, about Nvidia's reliance on Huang, the potential fallout across the AI ecosystem and Anthropic's upcoming IPO.
Also, Otter AI is expanding its push into Asia after raising 320-million dollars in new funding. The company is adding support for more languages as it looks to grow internationally. Bloomberg TV's Avril Hong spoke with Co-Founder and CEO Sam Liang about the company's expansion, competition in voice AI and the changing environment for artificial intelligence.
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Business and finance news from the Asia-Pacific
Nvidia shares fell as the broader tech sector rallied, with investors weighing the fallout from CEO Jensen Huang's affair with a woman suspected of working for Chinese intelligence. For more on what the controversy could mean for markets, Bloomberg TV Host Heidi Stroud-Watts spoke with Floodlines Research Founder Anna Wu.
Also, Citigroup is expanding its presence in China after winning approval for its wholly owned securities venture. The bank plans to hire about 100 bankers over the next several years, with Citi Global Corporate Banking Co-Head Kaleem Rizvi saying China remains too big for companies to ignore.
Citi CEO Jane Fraser is also in China, where she told Bloomberg the country remains one of the biggest strategic opportunities in financial services. Bloomberg's Stephen Engle spoke with Fraser about Citi's expansion, the outlook for China, the AI investment boom and the risks facing the global economy.
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Business and finance news from the Asia-Pacific.

Nvidia CEO Jensen Huang admitted to having an affair with a woman suspected of being a Chinese spy, prompting the Nvidia board to launch an investigation. Huang disclosed the romantic relationship in a memo to employees, saying "I was unfaithful to my wife" and that his actions hurt his family, and he is deeply sorry. The incident has sparked concerns about the stewardship of Nvidia, with the board investigation set to examine reports that Huang "has been the target of a foreign intelligence effort".

The markets reacted to the news, in addition to the US midterm results. For more Bloomberg TV Host Annabelle Droulers spoke with Sean Darby, Mizuho Securities Asia Managing Director.

Also, UBS is hosting its annual Australasia Conference in Sydney, bringing together corporate leaders, policymakers, economists, and institutional investors. It was here that Bloomberg TV Host Heidi Stroud-Watts was able to sit down with UBS CEO Sergio Ermotti.
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Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S CPI data, with a focus on 3 stocks for the week ahead. They include: Paramount Skydance (PSKY) Hims & Hers (HIMS) and TakeTwo Interactive (TTWO)
In the UK – a look ahead to Ireland’s biggest summit ever.
In Asia – a look ahead to China's Singles Day holiday.

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Business and finance news from the Asia-Pacific.
Asian stocks slumped, with tech bellwether Taiwan dropping the most in more than a year, extending a post-election rout in chipmakers that deepened on Wall Street due to growing concern Democrats will seek tighter regulation of the artificial intelligence industry. South Korea's tech-heavy Kospi Index slid as much as 8.8%, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 6%. Japan's benchmark Nikkei 225 Stock Average tumbled 5.7%, while the MSCI Asia Pacific Index declined 4.2%. Taiwan's key index sank 6.2%, weighed down by a slump in Taiwan Semiconductor Manufacturing Co. The S&P 500 Index plunged 4.4% on Thursday to mark its worst performance since the April 2025 tariff meltdown. The Nasdaq 100 slid 6.4%, wiping out $2.3 trillion in value as it capped its worst session since March 2020. A closely watched gauge of chip giants tumbled 12%, with Nvidia Corp., Qualcomm Inc. and Arm Holdings Plc among the biggest decliners. In a sign markets may be starting to stabilize, futures on the Nasdaq gauge gained 0.9%. We speak to Bloomberg's Sunny Bangia.
And - Richard Howes, Managing Director at Hearts & Minds Investment, discusses the investment opportunities in the private credit markets. He speaks with Haidi Stroud-Watts on the sidelines of the Sohn Hearts & Minds conference in Queenstown, New Zealand.
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