Asian stocks traded within tight ranges early Wednesday, mirroring similar moves on Wall Street amid a lack of fresh catalysts, while a rebound in cryptocurrencies lost steam. In South Korea, Today's outperformer is the South Korean equity market. Today, the Bank of Korea reported a revised GDP growth of 1.3% quarter on quarter. It's the fastest pace of growth in nearly four years. We heard from Frederic Neumann, HSBC Chief Asia Economist and Co-Head of Global Research. He spoke to Bloomberg's Paul Allen and Avril Hong on the Asia Trade. In the States - There was a cautious rebound in the US equity market. A portion of today's risk-taking was tied to a rebound in crypto currencies. We spoke to Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management.See omnystudio.com/listener for privacy information.
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20:27
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20:27
Asian Stocks Edge Up, Crypto World Shaken
Asian stocks staged a rebound on Tuesday following a selloff that saw cryptocurrencies lead declines in global risk assets. Japanese government bonds were in focus ahead of an auction of 10-year debt. For more on the outlook on emerging market opportunities in Asia, we spoke to Joy Yang, Head of Product Management and Marketing at MarketVector Indexes. Plus - Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. For more on what this for the broader market, we spoke to Tim Pagliara, Founder, Chairman, and Chief Investment Officer at CapWealth.See omnystudio.com/listener for privacy information.
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21:16
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21:16
Asia Stocks Fluctuate, Investors Focus on US PCE Data Release
Asian stocks swung between gains and losses following modest US gains on Friday, with investors turning focus to a slew of economic data ahead of an expected Federal Reserve interest-rate cut this month. And over the weekend, China's factory activity improved but remained in contraction in November, extending its streak of declines to a record as the country's economic slowdown deepens. The official manufacturing purchasing managers' index was 49.2, remaining below the 50 mark that separates growth and contraction for an eighth month. The median estimate of economists surveyed by Bloomberg was 49.4. For more on the week ahead, we heard from Illiana Jain, Economist at Westpac International. She spoke to Bloomberg's Avril Hong and Shery Ahn on the Asia Trade. Plus - FII Priority Asia Summit is taking place in Tokyo and it brings together key leaders and policy makers from Saudi Arabia and Japan. The summit's focus will be on robotics, AI trade, and global supply chains. And we had the chance to hear from Rishi Kapoor, Vice Chair & CIO Investcorp. He spoke to Bloomberg's Shery Ahn and Avril Hong.See omnystudio.com/listener for privacy information.
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16:32
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16:32
Daybreak Weekend: Tech Earnings, Middle East and Africa Summit, Labubu Craze
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Crowdstrike, Snowflake, and Salesforce. In the UK – a look ahead to the seventh Milken Institute Middle East and Africa Summit. In Asia – a look ahead to whether Asia's Labubu toy has hit its peak. See omnystudio.com/listener for privacy information.
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37:46
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37:46
Tokyo Inflation Beats Forecast, Keeping BOJ on Rate Hike Path
Tokyo's inflation held steady in November, keeping the Bank of Japan on track for an interest rate hike in coming months. Consumer prices excluding fresh food in the capital advanced 2.8% this month from a year earlier, according to the Ministry of Internal Affairs and Communications Friday, as gains in electricity costs accelerated while those for processed food slowed. That was a tad stronger than the median economist forecast of 2.7% and matched the result for the previous month. And - China's real estate sector suffered another blow after China Vanke Co. proposed delaying repayment on a local bond, sending some of its notes plunging to record lows and fueling concerns about Beijing's willingness to support even the largest distressed developers. For more on what is moving the markets in Asia, we spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. See omnystudio.com/listener for privacy information.
Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.
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