Bloomberg Daybreak: Asia Edition

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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Business and finance news from the Asia-Pacific.
Technology shares led a global stock selloff as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade and drove investors toward haven assets. Treasuries rallied. Amazon.com Inc. slumped 7.3% in extended trading after reporting higher spending, while growth in its online business slowed. Intel Corp. plunged 23% in after-market trading as its revenue missed estimates. Futures for the tech-heavy Nasdaq 100 Index slid 2.3% as Amazon and Intel added to a string of disappointing earnings from megacap tech companies this week. Alphabet Inc. posted a record drop Thursday as its results underwhelmed, while Samsung Electronics Co. sold off after the lack of a new shareholder return plan disappointed investors. We speak to Winnie Hsu, Bloomberg's Asia Equities Reporter.
And - for more on the global stock sell off, Bloomberg's Haidi Stroud-Watts spoke to UBS Global Wealth Management Head CIO Asia Equity Strategy Suresh Tantia.
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Business and finance news from the Asia-Pacific.
Technology shares fell, snapping this week's rally, after disappointing earnings from two industry heavyweights revived concerns about the billions of dollars companies are pouring into artificial intelligence. Samsung Electronics Co. shares dropped more than 5% after profit missed estimates, dragging down the Kospi Index — a bellwether for the AI trade — by 2.9%. That marked a sharp reversal from Wednesday, when the gauge posted its biggest rally since July as strong earnings from chipmaker SK Hynix Inc. fueled gains across technology stocks. Alphabet Inc. slumped 10% in extended trading after sales underwhelmed, reinforcing investors' fears that Google is losing ground to AI rivals despite pouring hundreds of billions of dollars into the technology. Futures for the Nasdaq 100 Index slid 1.3%, after the underlying benchmark climbed for the past three days. The broader MSCI Inc.'s Asia Pacific equities reversed earlier gains to drop 0.7%. The news wasn't all bad as Microsoft Corp. shares rose 2.9% in after-hours trading on solid cloud sales, while Oracle Corp. earlier surged 11% after issuing a long-term outlook for free cash flow. A gauge of Oracle's credit risk improved the most in nearly nine months. To break down Samsung's earnings, Bloomberg's Yvonne Man and David Ingles spoke to Sanjeev Rana, Head of North Asia Semiconductors Research at CLSA
And - Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy. Operating within his self-imposed communication boundaries, Warsh used his assessment of a strong economy and warnings over persistent inflation to signal the Fed's job is not yet done. The message reinforced expectations that officials will raise borrowing costs in December — after holding them steady Wednesday — with the potential for another increase in early 2027. Still, Warsh was careful to leave his options open. Bloomberg's Yvonne Man and David Ingles spoke to Larry Hatheway, Head of Research and Global investment Strategist at the Franklin Templeton.
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