Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
The Hong Kong Monetary Authority's fifth edition of the Global Financial Leaders' Investment Summit will convene approximately 280 global financial leaders in Hong Kong, including around 120 group chairpersons and CEOs to discuss key macroeconomic trends, financial market shifts, and emerging technological advances across sectors and asset classes. We feature our top interviews at the event.
Morgan Stanley CEO Ted Pick says the AI capex boom is only in the 'second inning' as Wall Street's top chiefs expect capital markets will continue to underwrite the global artificial intelligence infrastructure buildout. Speaking exclusively to Bloomberg's David Ingles and Yvonne Man, Pick projected cumulative spending could reach US$10-15T over the next decade.
PIMCO CEO Emmanuel Roman believes the sovereign debt markets are very 'well anchored' and says the developments in middle east and the oil market is the reason the interest rates are higher. In an exclusive conversation with Bloomberg's Yvonne Man and David Ingles, Roman adds that AI's long term impact on the economy will be deflationary.
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Business and finance news from the Asia-Pacific.
Asian stocks fell after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices amid optimism over diplomatic progress toward ending the war in Iran. The yuan weakened. The MSCI Asia Pacific gauge dropped 0.7%, with South Korea's tech-heavy Kospi Index sliding more than 3%. The decline came after a gauge of US chipmakers extended a three-day rout to 12% while the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign that some investors are looking to buy the dip, US stock futures gained. Japanese markets were closed for a holiday. Chinese equities were mostly lower even after the central bank said it would encourage financial institutions to make greater use of stock-support tools and optimize their terms as authorities seek to bolster market stability. We speak to Lianting Tu, Managing Editor for Asia Equities.
And - Goldman Sachs Group Inc. CEO David Solomon said that capital markets remain receptive as investors assess surging demand for AI and compute power. However, Solomon cautioned that technological supercycles rarely advance in a straight line. He spoke to Bloomberg TV from the sidelines of the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit.
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Business and finance news from the Asia-Pacific.
A selloff in stocks eased during Asian trading on Monday as regional equities fell less than their Wall Street peers and US equity futures turned higher. Benchmark equity indexes dropped in Japan and Australia, while rising in South Korea and Hong Kong, leaving the MSCI Asia Pacific Index down by 0.6%. That followed a Friday session where the Nasdaq 100 Index slumped 3.5% — its worst day since June — while the Philadelphia Semiconductor Index plunged 7.2%. Futures on the S&P 500 and Nasdaq 100 both climbed at least 0.4% on Monday, pointing to a recovery when US cash markets reopen. We speak to Bloomberg's MLIV Strategist David Savage.
And the Women Chief Executives Summit is underway in Hong Kong. The event brings together current and former female chief executives from major financial institutions to discuss diversity, inclusion and Hong Kong’s development as an international financial center. Bloomberg’s Yvonne Man spoke to Capital Group Vice Chair Jody Jonsson.
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From the worlds of art and creativity to international business and strategy, this episode explores how cultural fluency can become a competitive edge. Hear from Phyllis Kao, Vice President of Luxury and Auctioneer at Sotheby's; Alan Gilpin, CEO of World Rugby; Judy Liu, co-founder of Trinity Asia; and Maggie Ng, CEO of HSBC Hong Kong on how to feel at home across different cultural and geographical contexts.
This episode is sponsored by HSBC.
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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 the October jobs report, along with a focus on 3 stocks for the week ahead. They include: Apple, Palantir and Airbnb.
In the UK – a look ahead to the next Bank of England monetary policy decision.
In Asia – a look ahead to the next Reserve Bank of Australia rate decision.
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