Bloomberg Daybreak: Asia EditionBloomberg Daybreak: Asia Edition

Asian Shares Rise on Valuations, UBS CEO Sergio Ermotti on China

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Bloomberg Daybreak: Asia Edition

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 stori 
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Asian shares climbed to near a record, buoyed by optimism over earnings and regional economic growth as investors broadened their focus beyond US markets. Much of the early action was in Japan, where stock gauges jumped after returning from a holiday. The yen gained as much as 0.2% to 157.90 per dollar after Finance Minister Satsuki Katayama said she told US Treasury Secretary Scott Bessent that she's concerned about one-way yen moves. Japanese government bond yields surged amid speculation that Prime Minister Sanae Takaichi might dissolve the parliament as soon as next month. For more on what is moving the markets, we turn to Mark Cranfield, Bloomberg's Markets Live Strategist.

Plus - UBS is hosting the 26th annual Greater China Conference. Bloomberg had the chance to catch up with CEO Sergio Ermotti. Ermotti spoke to Bloomberg's Stephen Engle and they discussed his outlook on UBS's business in China. 

 
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Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, alon 
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