rockets into space. and close quarters in hong kong prices are shooting through the roof even for the roughest of accommodation. and daniel winter in a bubble in this is your business update all eyes were on the new york stock exchange on tuesday which had sparked a global sell off at the start of the week the session began significantly down but bounced back because a day of volatile trading got underway the dow seesawed by hundreds of points in and out of positive territory before finally closing tuesday two point three percent up just shy of the twenty five thousand mark analysts are talking of a normal correction during a record bull market. let's pull in the quarter who's on wall street force against us markets rocketing into positive territory by the end of the session is this a sign that investors have found their bearings. we did see the biggest comeback for wall street since october twenty seventh at the beginning we were down about five hundred sixty points and then we ended the day up by almost five hundred seventy points meaning we had a swing of one thousand points just w

year holiday. trying to play catch-up in terms of those lows we saw supported hong kong and the midst of that selloff trade a pretty bereft day when it comes to asia, plenty of time and attention for investors to focus on this as they really saw indications of the central bank that was increasingly confident also a pickup when it comes to tightening the rent tight. it's take a look ahead. we have china looking at the bottom of this our bridge southeast asia, coming online. we had a session where investors were struggling to make up their minds about how they were going to take these fed minutes. we are see much of the same and asia. >> it looks like investors may be waiting on the sidelines while we wait for the china open. there is that hawkish fed on the rise asn a higher by the yield. thiss asia, there is resuming of losses after the jump we saw on wednesday. the highest climb in september when we saw those clawback. those shares on the back foot. tokyo is now building. they are over 1.25%. l you have them drinking on the cup see. there is the barrage of earnings. there is this key

quarters in hong kong the skimpiest of accommodation prices go through the roof. i've been fizzling let's do business all eyes are on the new york stock exchange it opened. one percent down earlier but has bounced back suggesting relief could be on the way for equity. have a view to days of dramatic losses on wall street have sparked a global sell off investors worried this could be the start of a new stock market crash but analysts point to a healthy correction after such a long rally for stocks the reason for the volatility a concern central banks could start winding down the era of cheap money more quickly than thought. let's go over to the new york stock exchange where your caller is standing by for us is the volatility easing in this. the want to tell it is not really easing and it is a pretty wild ride and we can throw a call in and see where this march good will and today we were down as much as five hundred sixty points we were up by about three hundred fifty so we've seen a trading range of about nine hundred points just was in the first couple of hours here of trading in n

sentiment in tokyo the nikkei closed down four point seven percent hong kong minus five point one and shanghai's s.s.i. was three point four in the red now what caused this sell off in the u.s. as a combination of factors at play wages have risen stronger than expected stoking fears of rising inflation that will drive interest rates up and it was cheap money that has been driving the stock market rally over recent years also a rise in rates makes a facets like government bonds more attractive so investors move out of stocks and into those assets also automated trading orders are triggered when certain indicators fall to a preprogramed level and these sell off sell offs trigger other sell orders it's a computer driven domino effect and it works within seconds around the globe's so markets in asia have taken the lead from the u.s. as we've seen and a quick look at let's have a look now at how european markets are doing cope our financial correspondent is standing by in frankfurt for us at the moment it looks like european investors are a bit less panicky other way. yeah you heard i gues

stake in this is al jazeera live from doha also coming up hong kong democracy activists war very often appeals victory in court. for president two supreme court justices are arrested hours after the government declares a state of emergency. israeli forces kill a palestinian man wanted for the shooting death of a settler. a european markets of open to heavy losses with london paris and frankfurt all dropping by more than three percent in early trading elsewhere asian markets crumbled as investors took their lead from a huge selloff on wall street the dow jones tumbled more than a thousand points on monday more than four and a half percent that was the biggest fall in percentage terms since august twenty seventh in response to pan's benchmark nikkei closed down three point seven three percent earlier on tuesday while hong kong's benchmark hang seng index closed down five point one two percent china correspondent adrian brown has more from beijing. well the markets here in asia really took the lead from wall street the markets in chan zen and shanghai were both down around about two

heard. the hong kong stock market was one of the worst performers on a day when asian markets weren't able to protect themselves from contagion after the dow industrials steep a sell off in six years. the sentiment in hong kong and there are a little bit nervous and a little bit not going to have and people are still waiting for. the dow jones or the do as markets will stabilize before they can come to be fully committed to buy into the market at this point japanese stock split spared either anxiety is writing high like. normal it's probably because of the plunge in the u.s. i thought the economy was in good shape would share prices going up stupidly but a sudden drop like this makes them look unclear multiple stock prices went up too far without clear reason it's time to hold tight but chapin's chief cabinet secretary cut a more circumspect figure so if push through a very government has not changed our view that the global economy including that of the u.s. continues to be firm watch how the worldwide financial markets develop. in the u.s. where the turmoil kicked off the government

9:00 in hong kong. 8:00 on the east asian seaboard. haidi here in sydney. this is bloomberg markets: asia. ♪ haidi: what challenges for china. have playedar may an overall influence. trey hollingsworth than anticipated. industrial reduction plunged last month. haidi: take a hike. might mean a rate hike increase. >> asian-pacific benchmark it down for the eight state day. -- straight day. mess on theg manufacturing and nonmanufacturing side of things. haidi, it is all going on. a lot of this decorrelated between the strength of the currency and the strength of demand has been playing out quite favorably for beijing. said that we are seeing signs of a trade war between washington and beijing. that is going to be the major risk when it comes to data coming out of china this year. >> let us have a look at what is happening elsewhere. a week pmi number is directed by the aussie dollar. need 77.8 u.s. cents for one aussie. the futures are down 2/10 of 1%. how does that all compared to what we have been seeing? it is a big fall in terms of the delta lease. that is about nine points down.

and shanghai were both down around about two percent in morning trading hong kong did a lot worse though down by more than five percent the reason for that is that in hong kong a lot of international companies trade on that index and a lot of those companies are exposed to the united states whereas companies here the traders on the markets in shanghai and then tend to be domestic companies that don't trade internationally we haven't seen the falls that we saw of course in two thousand and fifteen when the markets here in china plunged by between five and seven percent on that occasion we did see panic we did see anger and we did see government intervention now chinese people have very few places to invest their money it's either property or shares and neither have been doing particularly well in recent months but overall chinese people seem to feel their economy is doing ok that's what a columnist tell you in state controlled media and there is a sense that perhaps g.d.p. is in fact a little bit higher than the government been hoping for and we'll get confirmation of what china's

storing. i'm tiebreaks it demonstrations. hong kong i'm home in a cage. probably begin in nigeria where conflicts between headsman and farm. escalating people are losing their lines and the fattal the grazing land and thousands of playing. farmer christopher back a zero six sauce that mother only has a do it floor to rest on about two weeks ago hurts men at tech their village forcing them to flee to mark already the provincial capital now they are living in a school that's on a construction. they have access to water there. but are still waiting for food medical care and mattresses to sleep on. so it's up under its i'm not happy i don't think you've got combo box i would also eliminate will they know it's a robot choice is good here we are so valuable to our living that life i'm all for is. the attacker skills to people in christopher's village the rest have fled. the governor of been away complains about insufficient security forces in the region. he blames the government in the capital even though he is a member of the ruling party. and i don't have state police i don't have states on

. how can thousands of sidelined academics there rebuild their lives? then on to hong kong, where living space is a luxury. we head to the city where many live in desperately cramped conditions. urbanization is an unstoppable trend worldwide. more and more people are deserting rural areas for life in cities looking for jobs, educational opportunities, and inspiration. all want a decent place to live -- and that's the problem. good locations are in high demand, and prices are steep. germany's most expensive city is munich. apartments in the center fetch over 9200 euros a square meter. and in other countries, prices are even higher. in new york, for example, apartments can cost a whopping 11,000 a square meter. the three most expensive cities are london, at over 15,000 euros a square meter. singapore, which is even pricier. and hong kong tops the list. flats there can cost an astronomical 21,700 euros per square meter, which leads to harsh living conditions for the poor. reporter: their home is a cage -- seven men live in a single room in bitter poverty. they often don't have enough

their lives. then on to hong kong where living space is a luxury we head to the city where many live in desperately cramped conditions. been eyes ation is an unstoppable trend worldwide more and more people are deserted in rural areas for life in cities looking for jobs educational opportunities and inspiration all want a decent place to live and that's the problem good locations are in high demand and prices are steep. gemini's most expensive city is new neck apartments in the center fetch have been one thousand two hundred euros a square meter and in other countries prices are even higher in new york for example apartments can cost a whopping eleven thousand square meter the three most expensive cities are london at over fifteen thousand euros a square. mita singapore which is even pricea and hong kong tops the list flats that can cost an astronomical twenty one thousand seven hundred euros per square meter which leads to harsh living conditions for the poor. their home is a cage seven men live in a single room in bitter poverty. they often don't have enough money for three meals a

conservationists off to china now hong kong is banning the sale of i worry it's one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the beautiful grey giants. the colorful crowd of anti ivory protesters had gathered outside to welcome the decision under the new law the maximum penalty for selling ivory is ten million hong kong dollars around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was shown to come it minbar hong kong government to all sponsor the african elephants for these need it makes it's a step up the enforcement to make sure that there would no longer be and the eco tree into hong kong or through hong kong and what we want. to happen is that. the commercial bank and the white free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the illegal ivory trade there

in miserable conditions in hong kong. lai: i think it's very sad and it's also very shameful, because in hong kong, we have huge resources -- and people there are so rich in hong kong. and the government has huge resources. so i think actually the government should have the capacity, the resources, to help these people. but we just allow this to happen. reporter: living space in hong kong is more expensive than almost anywhere else in the world. there's very little room for the more than seven million residents. but there are plenty of buyers for luxury apartments -- a profitable business for real estate companies. buying an apartment is barely affordable even for the middle class -- it's long been the norm for them to spend half their income on rent or a mortgage. for many, hong kong is a housing nightmare. because of her efforts to help, today she's visiting the home of 13-year-old chak ming. owners here have subdivided many of the apartments into mini-lodgings, known as shoeboxes. with just a part-time job and welfare, all this mother and child can afford are about two-and

. as being hailed as a landmark vote by conservationists after trying out now hong kong is banning the sale of ivory that's one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the great giants. a colorful crowd of anti ivory protesters had gathered outside to welcome the decision that under the new law the maximum penalty for selling ivory is ten million hong kong dollars and around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was shows become it minbar hong kong government to all sponsor the african elephants one of these lead it makes is a step up the enforcement to make sure that there would no longer be and the eco trade into hong kong or through a phone call and what we want. to happen is that. the commercial guy in india might be traded would spread to other asian countries. the ivory market in hong kong is one of the biggest in the world despite attempts

fifteen thousand euros a square meter singapore which is even pricier and hong kong tops the list flats that can cost an astronomical twenty one thousand seven hundred euros per square meter which leaves. it's to harsh living conditions for the pool. their home is a cage seven men live in a single room in bitter poverty. they often don't have enough money for three meals a day. mr yong shows us where he's been living for years he gets about five hundred euros in welfare every month nearly half of which he spends on his cage bed and electricity. they were expendable like trash we've been cast out society has given up on us. because there are only ray of hope is life shown she visits them regularly and asks how they're doing what they need and brings them extra money for food she works for an aid organization that looks after people living in miserable conditions in hong kong and beneath race and they also use race shameful because people call we have huge results and people they are so rich in hong kong and that the governments have huge houses so i think that up once you have that capac

. challenging systems and shaping. future. africa at this time. hong kong democracy activists walk free after a victory. this is. also coming up. signs of any letup in syria's violence more shelling kills dozens in. asian and european stock markets plunge as wall street losses spread around the world. for how britain is marking a hundred years of women getting the vote. a lot of three hong kong pro-democracy activists are walking free this tuesday after their convictions were overturned on appeal joshua one nathan law and alex chow had been sentenced to six months jail for unlawful assembly outside the court says the fight for the right to protest is far from over. even the judge just allow us to live to cause we still face the same range of prison sentences in the future which means that the court of appeal have fully a sat and thought the principle of the judgment from the court of appeal in the future if at a well organized action related to civil disobedience just like regains its core action will still face the sentence to be a lot of in prison for feel was even more than a year th

of around two percent asian markets were hit harder hong kong and japan both closed down at around five percent as investors took their lead from wall street all eyes will be on the dow jones in the coming hours after it tumbled more than a thousand points on monday. three high profile student leaders in hong kong are tonight free off the city's highest court unanimously quashed their jail sentences it's a stunning victory for joshua wall nathan owen alex child after a recent setback for pro-democracy groups including one kansas qualification from an upcoming election sarah clarke reports from hong kong. that the students who lived twenty four teams pro-democracy protests in hong kong joshua wang knife and noor and alex chowk arrived in court along with their supporters united in their fight to have the jail terms dropped and determined to strengthen their campaign whatever the outcome the white house the result was the fight for democracy the final court of appeal was their last chance to hold on to freedom they appealed to the court to consider their motives and the greater good

♪ >> 7 a.m. in hong kong and where live with bloomberg's asian headquarters. i'm yvonne man, welcome to daybreak: asia. the top stories this tuesday, said to extend gains after u.s. stocks in a four-week high. can your yields fell for a third straight day. >> plans for the iphone with a big new tablet to attract multitaskers. tech help to drive some of the , a lot of investors will be watching inflation. it is a chart that we're quite there with. the pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2%. and it is a position also held by the minneapolis fed presidents neel kashkari. >> there is a collision course between what was he on the fiscal side of things as well. address the spending plans from the white house. and it is increasingly likely that we will speak about it. what would that overshooting inflation. queen of the market reaction was pretty positive to all the headlines today. the s&p up over 1%, the dow adding on another. nasdaq also higher by over 1%. volume a litt

walk free in hong kong after their on lawful assembly convictions are overturned. but no such luck for wiki leaks founder julian assange she's lost his bid to have a u.k. arrest warrant dismissed against him. the end. but it still feels cold in hong kong and it should do daytime maixner about the same as where you expect to get down to at night and has been persistent the whole of february when to code it come down shanghai's warmed up actually surprisingly to seven degrees but the chill mark returned as you can see back down to five by and hong kong steadily just about five degrees below where it should be compared with the average but the increasing cloud and humidity probably makes you feel quite as chilly as it was we've got a streak of clouds visible from space across india and pakistan is heading so the south is but it is no more than a streak of clouds it will make the sky white rather than blue but do nothing much else it's that dry time of the year the temps will be affected little bit progress down to twenty eight and up thirty two again come thursday occasional showers s

rally as hong kong comes back online following the new year's holiday. meanwhile, treasury yields climb ahead of a quarter trillion dollars of auction this week. anna: and a brexit backup plan. theresa may is said to be preparing to withhold aliens and eu payments if the bloc doesn't play ball on trade. ♪ anna: good morning, this is "bloomberg daybreak: europe." let's get straight into the market auction. we will have more from the finance director shortly. msci being weighed down this morning, part of it is hsbc, where we see negative reaction coming through to that earnings statement, in particular the pretax profit numbers and shared by backstory. we will get a lot more detail in a moment. we are down by .6% overall in the asian session. remember that china and taiwan are still close, but most of the asian indexes are in negative territory. hong kong had its head above water the earlier, that has come to the downside. one thing we are focusing on as we get closer to the u.s. session is u.s. 10 year yields. and that ofove 2.9, course throws into focus the big auctions late we have f

a double decker bus toppled over in hong kong more than thirty people have been taken to hospital where this is say the bus was going much faster than usual. still ahead of al jazeera thirty nine years since the return of a lot of me and the for all of the sharp iran three of the slavic revolution coming up plus. and does sheen fame gets ready to elect a new leader here in dublin i'll be looking at the political journey of gerry adams who's headed the party for decades. hello there is staying cool for many of us in the southeast in parts of china at the moment during the day the temperatures on doing too badly we're looking good about nine degrees there in shanghai and around twenty in hong kong but at night they're still dropping down to below freezing in shanghai so certainly feeling cool here again dancing back up as we head through monday to around seven degrees further west a little bit of cloud is building here but as yet not various too much in the way of what weather what chad if you're in the philippines though the increasing cloud of rain here is ahead of a tropical stor

. people fish in the sea dog according to research as in hong kong who say overfishing of reefs is driving some species to extinction. kenya's high court has ordered the government to reopen several t.v. stations it shut down on choose day the country's top three t.v. networks are taken off the air and if they try to broadcast the moment can all ration ceremony held by the opposition leader rather it being a declared himself the people's president claiming the president has election win last year was rigged catherine soy has the details now from. katie in a nation millions of kenyans depend on them and their free to air platforms for formation for the news and programs as well and many of them cannot really afford the internet or cannot access the internet or afford pay t.v. so we also talked to the managing editor of the nation media group who told us that this is something that has been building up days before this. airing in. some. of the media stations while called by very senior government officials and basically given a dressing down they were instructed not to provide any li

digging here as well so hong kong's maximum just around twelve or thirteen so another very chilly day for us it's a bit different force in hanoi though here saturday should actually be a little bit warmer milder than it is on friday and that's because more sunshine will come through and the winds will be easing as well out towards the west we're seeing a little bit of cloud in the northern parts of our map of that it's just brought a little bit of snow that's moving away though so for most of us it should be drawing there on friday still a problem with visibility of course the central belt and then further south we've got some more showers in the showers over sri lanka have been very very heavy over the last three or four days they have caused a few problems there will be yet more heavy showers on friday but they will start to ease off a little bit for saturday now here in doha the winds are still feeding down from the northwest bringing in all rather cool air and it looks like on saturday the winds will be strong once more. i don't want to leave the world where everything is designed

swinging wildly before ending the session up. i'm david ingles in hong kong. i'm haidi lun in sydney. commodities largely oily -- largely avoiding the rout. the latest from goldman sachs. this is "bloomberg markets: asia ." ♪ haidi: as you mentioned, it wasn't smooth sailing. it was quite a stomach churning roller coaster. buckling and go along for the ride. opening the dow with that lunch, and we had a 25 minute period with a swing of more than 900 points before we had major u.s. stocks finish in the positive. the question is, is this the new normal? his volatility back with a vengeance? let's take a look at how things are tracking when it comes to the asian session. we are seeing this recovery mode playing out when it comes to japanese equities. some of the hardest hit yesterday in the selloff. the topix rising about 3% at the open, the nikkei 225 also up by 3%. this is being driven by tronics best buy electronics -- by electronics and auto. david: finally we can focus on the data coming out. there, and the words of bon jovi, because that has almost been the anthem across markets

. in hong kong, live from bloomberg's asia headquarters. i'm yvonne man, welcome to daybreak: asia. and then there were four. the fed chairman says strengthening data might mean a rate hike briefing. u.s. stocks sold off on jay powell's more hawkish tone and asia pacific markets are expected to follow suit. i'm betty liu in new york or it is just after 6 p.m. on this tuesday. oh dropping the most amid new warnings about u.s. show production in the opec led market, rebalancing in washington. getting tough with china. slapping tariffs of 106% on imported aluminum foil. beijing has hinted at a response. li na the markets in the u.s. tumbled today in reaction to the fed chairman jay powell's testimony today. but if you look at several pieces of data, indicators and a buy signal relative to other markets in the u.s.. g #btv 672 which shows you the breadth of the market. still of s&p70% stocks are trading above their 200 day moving average. if you look over into europe, for instance, where you and i talked to a lot of investors, there is a lot of value in europe. only 59% of stocks on the eur

the biggest impact. is being hailed as a landmark vote by conservationists off to china now hong kong is banning the sale of ivory it's one of the biggest markets in the world and has direct links to commercial scale elephant poaching in africa potentially a big step to save the beautiful great giants. a colorful crowd of anti ivory protesters had gathered outside to welcome the decision under the new law the maximum penalty for selling ivory is ten million hong kong dollars around one million euros on top of that the offense carries ten years in prison. the world wide fund for nature welcomed the vote but said that the fight doesn't stop with the legislation this was showed becoming dark hong kong government towards. the african elephants one of these needed makes is a step up the enforcement to make sure that there would no longer eco trade into hong kong or through hong kong and what we want. to happen is that. the commercial bank. might free trade would spread to other asian countries the ivory market in hong kong is one of the biggest in the world despite attempts to control the ill

pushing its 50-day price action on the friday session. where watching the opening in hong kong. got a barrage of japanese numbers coming out this week. how are we tracking so far? sophie: we have stocks across the board gaining ground at the tie ask -- the taiex. we are looking for yellen 2.0 from jay powell. hovering around 1.07 against that backdrop. we have stocks in tokyo led higher by electronics, telcos seeing the biggest boost. topix has its -- best weekly gain. taipei, there second monthly drop. welcoming the first new central bank governor in 20 years. the big theme today is the steel sector following reports that onmp is considering tariffs steel and aluminum imports, potentially 24% global tariff. posco in seoul gaining ground. could have the biggest impact on south korea, china, but the direct effect will be manageable due to small volumes. i would like to have a casio as well, gaining ground, the most after goldman sachs raised it from buy to neutral. it's an attractive opportunity. rishaad: let's get a little bit more the possibility or perhaps just a hint on some sort o

up in the next sixty minutes hong kong democracy activists walk free after a victory in the appeals court. asian and european stock markets plunge as well street losses spreads around the world. again embolization is chaunged off the mark swearing in of opposition leader why they were doing. and we look at the free ambulance service that's on the front line of saving lives in somalia's capital. three hong kong pro-democracy activists are walking free also their convictions were overturned on appeal joshua wall made the middle and alex tell have been sentenced to six months jails for unlawful assembly speaking outside the court one who says the fight for the right to protest is far from a. judge just allow us to lift a call we still face the same. range of prison sentences in the future which means that the court of appeal have fully sat and got the principle of the judgment from the court of appeal in the future if and a well organized action related to civil disobedience just like really gain support square action will still face the sentence will be a lot of information for field

♪ 7:00 a.m. in hong kong. asia." to "daybreak asia-pacific stocks are set to rally into a third week after a strong close on wall street and treasury yields dip. repealed term limit for allowing the president to rule indefinitely. his grip on power arose even stronger. betty: i am in new york where it is just after 6:00 p.m. on this sunday. north korea uses the winter talks.s to hint at fresh the white house says we will see. workshop hathaway, warren buffett said he needs a quiet 2017. ♪ betty: it has been everything but quiet in the equity markets these days. out, but it to close want to point to you a chart. g #btv 9668, which is what we have seen for huge amounts of price swings in the equity market. if anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s&p fearing -- s&p. right, butett is 2018 is a totally different story. you just saw on the right-hand side with how big those differences are in the highs and the lows. you can see that even on friday, the s&p

companies are being hit hard all other asian markets are also taking a beating in hong kong the hunk saying index is around five percent lower right now headed towards its biggest fall since twenty fifteen. well what goes up must eventually go down maybe donald trump would do well to remember that next time he actually viewed stock market success to himself he could be cheered by some analysis saying that this selloff actually is healthy at this stage it's where the market is letting off some steam right now in stead of later some analysts say when it could be much more damaging but that chair could disappear of sustained fear for investors has a chilling effect on future investment. good news for the economy turned out to be very bad news for stocks at the start of the trading week the latest data on u.s. wages show average hourly earnings up two point nine percent year on year the highest rate of growth recorded since the middle of twenty zero nine that's following years of stagnation but faster wage growth means employers have to spend more to recruit the workers they want higher

israel over one happened during the holocaust. last hong kong faces an environmental disaster because of its appetite for the tastiest fish. by the springtime flowering of a mounting lead. to the final snowfall on a winter's day. how low we've got some very cold wet digging in macross western parts of europe at the moment you can see have a cloud is diving down across the north sea it's a northerly wind is filtering some wintry showers into england down across the low countries was about this big bad a cloud which stretches all the way from that western side of the mediterranean through the alps pushes right up into the baltic states they'll be some wet weather could be some wintry weather on this as well some snow there just around the swiss and austrian alps some very heavy rain into northern parts of italy into the balkans and a lot of the showers continuing just around the valley areas is a good deal drier up towards the north west london at around seventy six celsius there for paris but it's apt weather some wintry weather some sleet snow florist's any possibility across of the low

and you want expect ten in shanghai twenty in hong kong the feed is the breezes from the south china sea so it's warm it is fairly humid to produce cloud and it will feel different in hong kong eventually that tidal gathering produce a line of rain inland from shanghai europe says rain rather than snow and the cloud builds further south on the coast. to the west as that things are rather costly we have seen rain and snow in the hindu kush in the far northwest of india northern pakistan not much around now but there might still be a bit more snow to come it's not so daft to stir the atmosphere so still not good in northern india twenty six enduring of the last thirty to one hundred but that breeze might be a chartreuse for one don't bank on it it should be the dry time the year and it looks like it still will be as carry on west to the arabian peninsula and he attempts have been surprisingly high recently as being quite human around the gulf morning fog has been around certainly in doha as full cross of twenty eight is hari is the twenty eight of riyadh above normal but it keeps going

♪ ,aidi: it's 9:00 in hong kong and 12:00 in sydney. this is "bloomberg markets: asia." ♪ asia-pacific markets are on the slide. preparing to deliver the last result. nobles adrift on a sea of troubles. is any valuehere left in asia's once a dominant commodities trade off. kong markets are getting set to come back online after the lunar new year long weekend. chinese markets are still away until thursday. we take a look at what is going on in the hong kong stock exchange. in terms of a handover, not much of one after that stellar performance by asia shares on a monday driven largely by japanese equities that had their second best day of the year. we saw a little bit of a failure to extend those gains in the european session. we are also seeing u.s. futures trading down as well. let's take a look at where we are moving in terms of markets. a big week when it comes to markets. it over to sophie for a look at how things are going. ie: as you pointed out, u.s. futures are declining. taiwan and a vietnam also closed for the extended holiday. the nikkei and topics snap a topix snap a

in hong kong. we are live from bloomberg's asia headquarters. welcome to "bloomberg markets: asia." market set to slide as the euro fails and the yen retreats. traders look to key events, including rba minutes and janet yellen's last meeting at the fed. ramy: from bloomberg's global headquarters, i am ramy inocencio in new york. bhp to report its biggest first-half profit in three years , also under renewed pressure from an activist investor. offersresident trump support for limited gunshots in the wake of the florida school massacre. ♪ ramy: good morning to you and to all watching around the world. markets, close because of the president's day holiday. not much moving except the dixie . it has been moving slightly to the upside. lot of investors have been expecting this to fall farther down. the last time it hit that mark was three years ago. to ask be looking ahead some forex analysts what they expect in terms of that trend looking ahead. the interester rate differentials matter when it comes to the dollar. really thin volumes. liquidity in shortage given u.s. markets are clos

the highest level. three times higher than the level back on january 26. i am here in hong kong. up,inda: also coming a once from japan say corroded to stay on at the boj. this is "bloomberg markets: asia ." ♪ david: a very good morning to all of our viewers joining us right now. new trading week. lots to talk about in the markets. shins and up and running as well. focus will be on where we go with those markets. no one knows until we get there. let's get a lay of the land of how things look. where does this really set us up as we get underway this monday? have a look at it -- at our bloomberg chart. g #btv 7910. into thursday, into friday, that little gap, more than a massive gap. really push the market to extreme levels when you look at markets. 56% of constituents on the shanghai composite are now in oversold territory. does that necessarily mean we will get something into that market, that really depends on where the herd goes. will that be enough to restore confidence in that market? we were down almost 6%, 7% at one point. friday that market has opened up. it will open up in

hong kong's polson industry could be losing its color. al-jazeera has obtained a u.n. report which says the saudi led coalition bears the greatest responsibility for the deaths of dozens of children in yemen last summer it says the coalition was responsible for the killings of sixty eight children and wounding thirty six others from july to september the report found there were at least thirty coalition raids every day some targeting schools and homes but also points the finger hoofy rebels blaming them for the deaths of eighteen children and for wounding twenty nine others suzanne meagen is a protection and advocacy adviser on yemen at the norwegian refugee council joins us now on skype from djibouti good to have you with us first of all do you think this report will result in any accountability. well i'd like to think that but we haven't seen any of these report taken seriously so far and indeed this report details children who have been killed in attacks in violence but it doesn't account for the millions of others that are affected by the conflict including thousand that have.

come on the programme: living the pipe dream in hong kong. these housing units are made from, yes, water pipes. we'll talk to the architect next. nine years and 15,000 deaths after going into afghanistan, the last soviet troops were finally coming home. the withdrawal completed in good order, but the army defeated in the task it had been sent to perform. malcolm was murdered. that has a terrible effect on the morality of the people. i'm terrified of the repercussions in the streets. one wonders who is next. as the airlift got under way, there was no letup in the eruption itself. lava streams from a vent low in the crater flowed down to the sea on the east of the island — away from the town for the time being, but it could start flowing again at any time. the russians heralded their new generation space station with a spectacular night launch. they called it mir, the russian for peace. this is newsday on the bbc. welcome back. i'm rico hizon in singapore. i'm sharanjit leyl in london. our top stories: teenage survivors of the florida school shooting say they'll march on washingto

expect a february full cross in shanghai is ten in hong kong is twenty this is feeding moisture up in the eventually it will form cloud right and that's the picture as we see it on sunday rather cloudy picture and huge picture i think in hong kong fairly unusually cloudy across this part of the world and i when we got showers the remains of the tropical cyclone on their way to vietnam and probably southern cambodia as well in the next dancer. was always telling you how famous he was going to make that's how he presented hello my name and body without manchester city's northwest representatives kind of . teach a pretty cool. actually do you remember that we had this special meeting about the nail and he said no. that's not the topic and you immediately this is a comma in a piece on the mainland city yet al-jazeera investigation footholds bill of silence at this time. good to have you with us on. top stories the u.s. and turkey have agreed to normalize relations and the conflict in syria. has been holding talks with. ties are being strained and recent support for. south africa. expected

. plus we'll tell you why hong kong's polson industry could be losing its color. now the united states is taking a tough stand against the alleged use of chemical weapons in syria but trump administration says it's not ruling out the use of force against the syrian government to deter it from the attacks the u.s. says it's extremely concerned about a suspected chlorine gas attack on thursday in the rebel held east and the whole town near damascus now the u.s. state department says it could be the third chemical attack in thirty days rosalind jordan has the latest from washington d.c. the civil war in syria has not been at the top of the news agenda here in washington for at least several weeks but on thursday the trumpet ministration made known a couple of serious concerns about the conduct of the war on the part of the government of president bashar al assad first reporters were told in a briefing off camera that they do believe that the syrian government still has a chemical weapons arsenal and did not come clean about the extent of their chemical weapons holdings back during

the swiss federal tribunal. also making news today, us lawmakers have nominated hong kong pro—democracy activists, including their 21—year—old leader joshua wong, for the nobel peace prize. he was nominated alongside alex chow and nathan law for "peaceful efforts to bring political reform and self—determination to hong kong". a dozen members of congress, both republicans and democrats, signed a letter nominating the group. the move is likely to anger beijing. the pro—democracy "umbrella movement" brought parts of central hong kong to a standstill for nearly three months in mid—2014. the maldives' supreme court has overturned the terrorism conviction of the exiled former president, mohamed nasheed, seen here in london in 2016, and ordered the immediate release of a number of high—profile political prisoners. the court ruled that the nine politicians and former officials had been jailed as a result of trials which had been subject to political pressure. the latest school shooting in the united states, two school pupils have been shot and wounded. police have been s

, but a shake on billions' worth of business deals. despite frank talk on hong kong and north korea too. i've been pleased to bring a very large business delegation here. we've had a very successful visit. the convoy held up the traffic, a big charm offensive to help business sign on the dotted line. a brexit—friendly diplomatic visit, complete with bags. there's a real success story here. we've signed agreements on financial services. bp have signed a £750 million deal. one of the biggest chinese e—commerce sellers has signed a deal to sell £2 billion worth of uk goods over the next two years. all of this adds up. we've got to get away in britain from our obsession with europe in terms of its relation to the global economy. is that enough to make our economy roar after we leave the eu? there's menace at home from those who believe are too timid, too slow to decide. what do you say to colleagues who are frustrated either because they think theresa may is backsliding on brexit or they think because she's somehow a hostage to people on the other side? well, i heard some of these

talk about. i am david ingles in hong kong. haidi: and i am haidi lun here in sydney. the new york fed boss said it is simply an adjustment. is smalley says it potatoes. this is "bloomberg markets: asia ." ♪ haidi: small potatoes. investors have been caught on the wrong side of the bed. a blogger saying it is like a horror movie that you just have to keep watching even though you know exactly what will happen. let's look at the steepening declines when it comes to japanese equities. korea taking the brunt of the selling. we are seeing selling across the board. the nikkei 225 down 0.7%. lower.ix 4.4% the s&p as you said, entering true correction territory. david: we are very close to that level here in the asia-pacific. we put everything together on the msci asian-pacific. take a look at my chart, g #btv 6180. the red line at the bottom is the threshold. we are getting very close to that. my gut is, once we get hong kong up and running, that will give more fuel to the downside. that. happens in about 30 minutes -- that happens in about 30 minutes. we have taiwan, singapore, asia.