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Apr 26, 2024
04/24
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they hold names like jd.com, tencent, alibaba. we have seen huge inflows. the largest hung tech etf saw 71 million dollars in inflows just this week alone. but some of these people have a profit opportunity because it has rallied so much. we have seen up close. they saw 33 million in outflows. etf's sare roughly 43 million dollars in outflows. it is really positive sentiment across the board. haslinda: the question is whether it is sustainable. can fundamentals support the actions so far? robert: i don't think there is any debate about those stocks being at low valuations. and it downside news is priced in. take a company like $.10, which we have talked about before. it is solidly positioned. the fundamentals look intact. using that as an example, i think it is justified and understandable with the bond fishing going on, looking at asian stocks which have materially outperformed international peers for people looking for value plays within asia and hong kong in particular. haslinda: but it is susceptible to movements in volatility because it is dependent on
they hold names like jd.com, tencent, alibaba. we have seen huge inflows. the largest hung tech etf saw 71 million dollars in inflows just this week alone. but some of these people have a profit opportunity because it has rallied so much. we have seen up close. they saw 33 million in outflows. etf's sare roughly 43 million dollars in outflows. it is really positive sentiment across the board. haslinda: the question is whether it is sustainable. can fundamentals support the actions so far?...
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Apr 22, 2024
04/24
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tencent surging with 4% gains. sunny optical up 3%. our exclusive interview with mobile health network solutions. we will hear what is next for the company after a successful u.s. listing. keep it her haslinda: i live from shanghai. welcome back. china markets heading to lunch. csi 300 index reversing gains and now in losses. down .2%. recapping the banks, they kept their lpr unchanged tracking the decision increasing pressure on the chinese yuan. csi 300 index down. in terms of the yuan, 724.29. china headed to lunch and japan back from lunch as we check in on how japan is doing. >> today we have been seeing japan, part of the relief rally across the asia-pacific. a sense of relief coming through because there is further escalation given the middle east tensions from last friday. the nikkei coming back from the lunch break repairing some of the gains from the morning session but it is a rebound. a rebound though that is still about 9% lower from what we saw in the peak in march and that was post doj rate hike for the first time in 17
tencent surging with 4% gains. sunny optical up 3%. our exclusive interview with mobile health network solutions. we will hear what is next for the company after a successful u.s. listing. keep it her haslinda: i live from shanghai. welcome back. china markets heading to lunch. csi 300 index reversing gains and now in losses. down .2%. recapping the banks, they kept their lpr unchanged tracking the decision increasing pressure on the chinese yuan. csi 300 index down. in terms of the yuan,...
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Apr 22, 2024
04/24
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tencent has been hampered by years of regulatory tightening. next up, the u.k. recently lifted a cap on bonuses. now they are asking shareholders for permission to adjust the pay structure. if the proposal passes, some of the top bankers could see new york style bumper bonuses. and red lobster got it all prawn. an $11 million loss on its english shrimp deal. they are known for their cheese flavored biscuits and have seen their cash flow laid down by labor costs. you can follow the latest company buzz on your bloomberg terminal. let's get a quick check of the markets at the start of a consequential week. take a look. not as high as it was, but we are looking at a gain of .3%. the nasdaq 100 released trying to stay positive, currently at about .2%. a bunch of your big tech companies take the stage in a few days' time. the philadelphia semiconductor index is also green but we bring about .3%. coming up, we will sink our teeth into the vegetarian food market. andy joins us next. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobi
tencent has been hampered by years of regulatory tightening. next up, the u.k. recently lifted a cap on bonuses. now they are asking shareholders for permission to adjust the pay structure. if the proposal passes, some of the top bankers could see new york style bumper bonuses. and red lobster got it all prawn. an $11 million loss on its english shrimp deal. they are known for their cheese flavored biscuits and have seen their cash flow laid down by labor costs. you can follow the latest...
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Apr 9, 2024
04/24
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tencent helps distribute the games. moving onto japan, we saw exporters helping there as the end remains we. we are watching that for the end. it is expected that japanese authorities could intervene. you can see that japanese authorities are going to hold on before meeting ahead of the u.s. cpi data. the pushes of the dollar. we see what happens to the end then. that is on the watch. over to korea, we have the kospi index lower ahead of elections. the markets closed tomorrow. we will see if the current president can win a majority in that market. asia overall is up ahead of the cpi numbers on wednesday. let's see how they trade tomorrow right before we get into that key data that will be live. >> we thank you and we have been listening to governor ueda of the boj speaking in parliament. he lies coming from the boj. he said he doesn't think negative rates are needed for the time being. it is vital to support the country with monetary policy. they may slow the unwinding of easing if the stock hits the economy. they may s
tencent helps distribute the games. moving onto japan, we saw exporters helping there as the end remains we. we are watching that for the end. it is expected that japanese authorities could intervene. you can see that japanese authorities are going to hold on before meeting ahead of the u.s. cpi data. the pushes of the dollar. we see what happens to the end then. that is on the watch. over to korea, we have the kospi index lower ahead of elections. the markets closed tomorrow. we will see if...
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Apr 27, 2024
04/24
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decree prohibiting american citizens from having any business with chinese companies, byte dance and tencent, owners of tiktok and chat messenger. trump's decree states that with their help , chinese authorities can collect personal data of us citizens, track the location of government employees , and use this information for espionage purposes. then the senate unanimously... approved a law prohibiting government employees from using tiktok on their official devices. in june twenty-first, joe biden reversed his predecessor’s decision regarding the tiktok and wechat services. however, just over a month ago, on march 13, the house of representatives approved a bill to ban tiktok in the united states if its owner does not sell the platform to an american company within six months. biden said that he would sign this bill if it is approved by congress, it is noteworthy that just a month earlier, on february 11, the biden campaign created his account on tiktok and published the first video in which the current owner of the white house answers questions. trump or biden? are you kidding? biden! th
decree prohibiting american citizens from having any business with chinese companies, byte dance and tencent, owners of tiktok and chat messenger. trump's decree states that with their help , chinese authorities can collect personal data of us citizens, track the location of government employees , and use this information for espionage purposes. then the senate unanimously... approved a law prohibiting government employees from using tiktok on their official devices. in june twenty-first, joe...
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Apr 23, 2024
04/24
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haslinda: csi 300 index under pressure tencent is releasing dungeon fighter, lifting sentiment. they are a huge waiting on the index. jd and quite show also trading up. hang seng and hstech as well. take a look in terms of the china stocks rising as the government is buying network upgrades providing a live, companies surging 20% and also long kwong up along with beijing tayshaun type line. the csi is in negative territory. a market on the way up for asia lifted by sentiment and tech earnings out of the u.s.. still ahead jl else is the asia-pacific is the only region that saw growth in real estate investment. this is bloomberg. ♪ ♪ >> live pictures from shanghai, looks pretty good. totally blank. china heading to lunch. index is down for a third day, by the way. ubs lifting its call on hong kong stocks to overweight. ubs is downgrading to neutral to fund its overweight call. take a look at where we are. pboc governor paul gong sean and the risk of inflation. china headed to lunch, japan coming back from lunch and we are doing a check in about the yen. avril: boj expected to
haslinda: csi 300 index under pressure tencent is releasing dungeon fighter, lifting sentiment. they are a huge waiting on the index. jd and quite show also trading up. hang seng and hstech as well. take a look in terms of the china stocks rising as the government is buying network upgrades providing a live, companies surging 20% and also long kwong up along with beijing tayshaun type line. the csi is in negative territory. a market on the way up for asia lifted by sentiment and tech earnings...
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Apr 24, 2024
04/24
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., not seeing enhanced promotions in the chinese market , no bigger partnerships like we chat, tencent. so they need to do something to push back against this sort of mountain of stuff rolling down the mountain and they're not doing that. annabelle: why do you think it is that they are not doing it? how easy is it to make tweaks? do they need to make modifications for another emerging-market, india? danny: -- mark: it would be easy to roll out new promotions, new features, new partnerships toward the chinese market. the head of china, she is a figurehead. not able to implement new policies. china is different than the u.s. as many know. apple is not operating differently there other than following the laws of the chinese government. they need to look at it as a different world and let the iphone run differently. make a low-end phone for india and gain share. and yet people to upgrade to the high end phone, create a bigger market for yourself. annabelle: that was mark gurman. more to come on daybreak asia, this is bloomberg. x rates change? ahhhhhh filing sales tax returns? ahhhhhh busi
., not seeing enhanced promotions in the chinese market , no bigger partnerships like we chat, tencent. so they need to do something to push back against this sort of mountain of stuff rolling down the mountain and they're not doing that. annabelle: why do you think it is that they are not doing it? how easy is it to make tweaks? do they need to make modifications for another emerging-market, india? danny: -- mark: it would be easy to roll out new promotions, new features, new partnerships...
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Apr 29, 2024
04/24
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to be offered in the country this comes after toyota and nissan announced they were teaming up with tencent and baidu to appeal to the local market elon musk was in chinament over weekend. overseas data transfer is expected to be discussed and stored in china by law there is suggestion they are keen to have their hands on the data to train. tesla recently got a good report card regulators saying the cars comply with the data security compliance the tesla boss met with premier li he posted about bringing tesla to china musk highlighted his priorities for the ceo in another show of commitment of china by america inc. it is musk's second trip to the country in less than a year. in singapore, i'm sam baddas, singapore business news. >> tesla shares are moving higher in the pre-market before the rollout of the self-driving technology in china. baidu is up 5% you can find more on that story on cnbc.com. >>> and back to the middle east, the israel planned assault on the city of rafah could be delayed if hostages are released israel will do what is needed to secure the hostages without warm harming
to be offered in the country this comes after toyota and nissan announced they were teaming up with tencent and baidu to appeal to the local market elon musk was in chinament over weekend. overseas data transfer is expected to be discussed and stored in china by law there is suggestion they are keen to have their hands on the data to train. tesla recently got a good report card regulators saying the cars comply with the data security compliance the tesla boss met with premier li he posted about...
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Apr 22, 2024
04/24
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tencent shares staged a big rally since december. now we know china's biggest internet firm has an earlier than anticipated debut of the game to draw in new users. japan's under trust regulator has its eyes on google after his has the tech chinese used tactics that limited yahoo! japan's ability to compete. alphabet changed their conduct as soon as they flagged the practice but they will keep on monitoring the u.s. firm. what are you looking at? ed: we will be joined by the bitcoin co-founder to discuss bitcoin's halving. i'm also looking at shares of apple. this is a market mechanics thing. we are off session lows but apple is named as a topic for 2024 by bank of america. old-school story, big balance sheet, great cash flows, kind of dull in the context of technology. that is how we have been talking about apple. earnings are just around the corner. how exciting. this is "bloomberg technology." ♪ exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> apple's next big thing is aversion to larger language models. app
tencent shares staged a big rally since december. now we know china's biggest internet firm has an earlier than anticipated debut of the game to draw in new users. japan's under trust regulator has its eyes on google after his has the tech chinese used tactics that limited yahoo! japan's ability to compete. alphabet changed their conduct as soon as they flagged the practice but they will keep on monitoring the u.s. firm. what are you looking at? ed: we will be joined by the bitcoin co-founder...
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Apr 10, 2024
04/24
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this is the first time they've outperformed tencent in revenue and profit. >>> shares of boeing are lower again as the faa investigates a new whistle blower claim. boeing says it's fully confident in the model and the accusations are inaccurate. ceo davidcalhoun has been asked to testify on capitol hill next week. >>> here's what to watch, the big market event of the week at 8:30 a.m. eastern time and we get monthly figures and budget statements. delta reports on its quarterly results. we hear from fed governor michelle bowman today. >>> the markets, they've been inching along this week as investors just wait for today's cpi data, worried that inflation remains stubborn. the fed rates may cut once or twice, maybe not at all this year. joining us know kevin simpson. good morning from london. what are your expectations for cpi? how do you think it impacts the market? >> well, i think it's what the market has been waiting for. are we seeing a continued abatement of inflation? is it leveling out, or, god forbid, is it starting to resurge? that's the last thing we need is inflation to come bac
this is the first time they've outperformed tencent in revenue and profit. >>> shares of boeing are lower again as the faa investigates a new whistle blower claim. boeing says it's fully confident in the model and the accusations are inaccurate. ceo davidcalhoun has been asked to testify on capitol hill next week. >>> here's what to watch, the big market event of the week at 8:30 a.m. eastern time and we get monthly figures and budget statements. delta reports on its quarterly...
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Apr 2, 2024
04/24
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alibaba even tencent. >> the one i would buy is tsmc in taiwan. i think, of course, the chinese will likely get their hands on tsmc. they already benefit to some degree on the products from tsmc , but that is the one i would bet on. >> so you would not be picking up any chinese stocks? >> not at this stage. haslinda: all right, thanks to our mliv executive editor, mark cudmore. mark mobius sticking around. bear with us. still to come, goldman sachs shares their outlook on india's financial sector. it appears that strong growth is over, at least in the near term. this is bloomberg. ♪ starting a business is never easy, but starting it 8 months pregnant... that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours. haslinda: welcome back to "bloomberg markets: asia." markets expecting the fed to wait until september for its first rate cut on the back of that strong i sent back to be pivot data. traders also
alibaba even tencent. >> the one i would buy is tsmc in taiwan. i think, of course, the chinese will likely get their hands on tsmc. they already benefit to some degree on the products from tsmc , but that is the one i would bet on. >> so you would not be picking up any chinese stocks? >> not at this stage. haslinda: all right, thanks to our mliv executive editor, mark cudmore. mark mobius sticking around. bear with us. still to come, goldman sachs shares their outlook on...
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Apr 10, 2024
04/24
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that growth is way ahead of its chinese online peers tencent and alibaba, a sign of the tiktok owner's resilience in the face of an economic downturn. coming up, we hear from the center for a new american security about how the south korean president's parliamentary defeat could impact the rest of haidi: south korean president has suffered a major defeat in parliamentary elections that will leave him in a weakened position in the remaining three years of his term. his conservative party secured about 105 seats in the 300-seat parliament, down from 119 before the vote. let's get more analysis with duyeon kim, and adjunct fellow at the center for the new american security who joins us from seoul. really glad to have you with us. did the extent of this loss surprise you at all? guest: i think we start the exit polls and that was, they were an early indicator of what we might expect. you know, this certainly is a big loss for the ruling party and for president yoon. and the stakes aren't really high especially because his domestic agenda has been to implement a liberal democratic agenda at
that growth is way ahead of its chinese online peers tencent and alibaba, a sign of the tiktok owner's resilience in the face of an economic downturn. coming up, we hear from the center for a new american security about how the south korean president's parliamentary defeat could impact the rest of haidi: south korean president has suffered a major defeat in parliamentary elections that will leave him in a weakened position in the remaining three years of his term. his conservative party secured...
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Apr 10, 2024
04/24
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it's the first time it's overtaken tencent when it comes to revenue and profit. you look at the u.s. business. they want to grow it tenfold. this will be lucrative. how existential is a given the politics room tiktok? >> i would be surprised if tiktok is able to get into e-commerce in that big of a fashion under the current ownership. we are talking about more transactional data and i cannot see regulators allowing that to happen. >> what is stopping? >> they have to bill a delivery business. you think about amazon goes about fulfilling the e-commerce side of things. tiktok does not have anything like that. they have to partner with a large e-commerce player. for that to happen, i cannot imagine any company announcing a partnership with tiktok. >> maybe we will have to wait until november. it sounds like there's no -- there's now a ceiling on how much tiktok could grow. >> in the u.s. outside the u.s., they have apps they continue to see healthy user growth. they are doing well domestically. so when you look at companies like by -- like bytedance, you have to do
it's the first time it's overtaken tencent when it comes to revenue and profit. you look at the u.s. business. they want to grow it tenfold. this will be lucrative. how existential is a given the politics room tiktok? >> i would be surprised if tiktok is able to get into e-commerce in that big of a fashion under the current ownership. we are talking about more transactional data and i cannot see regulators allowing that to happen. >> what is stopping? >> they have to bill a...
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Apr 1, 2024
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tencent trades -- china overall trades at nine times earnings. nobody owns it. i think it is an interesting story in the segway. k web can double. and double again, and still not get to the level of 2021. the 2021 hi was $121. that comment to me is a no-brainer. full disclosure, we own it. jonathan: he will join us in the program the next hour. how important is that phrase going to be in years to come? >> our framework is regional integration in the three main regions. all of this stuff is happening as one would expect. supply chain, regionalization, development. everybody needs ai and climate proof, everyone needs electric vehicles and batteries. these are things that are driving integration. i think china is in a much stronger position that people -- then people give it credit for. the reason they will dominate is the biggest, fastest growing region. >> it is striking that you have such conviction in china. we are hearing that they are just going to up the ante. we are listening to see if they will sanction the chipmakers. how much does that concern you? >> th
tencent trades -- china overall trades at nine times earnings. nobody owns it. i think it is an interesting story in the segway. k web can double. and double again, and still not get to the level of 2021. the 2021 hi was $121. that comment to me is a no-brainer. full disclosure, we own it. jonathan: he will join us in the program the next hour. how important is that phrase going to be in years to come? >> our framework is regional integration in the three main regions. all of this stuff...