On today's episode, we track the trading action in Asia following a selloff in the US that wiped out more than $1 trillion in market value. We speak with Ben Harburg, Founder and Portfolio Manager at CoreValues Alpha. Plus - a look at how fears around recession risks and trade policy have catalyzed the rout in global equities. We hear from Scott Ladner, Chief Investment Officer at Horizon Investments.

On today's episode, we track the trading action in Asia following a selloff in the US that wiped out more than $1 trillion in market value. We speak with Ben Harburg, Founder and Portfolio Manager at CoreValues Alpha. Plus - a look at how fears around recession risks and trade policy have catalyzed the rout in global equities. We hear from Scott Ladner, Chief Investment Officer at Horizon Investments.

Listen for business and finance news centered in the Asia-Pacific region. 

Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Listen for business and finance news centered in the Asia-Pacific region. Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

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 stories in global markets.

Bloomberg Daybreak: Asia Edition

US Stock Selloff Extends to APAC Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/afe63aa9-6bc2-486d-a9be-b29d00213e5c/transcript

Business and finance news from the Asia-Pacific.

Asian shares rose after a tech-led rally sent the Nasdaq 100 Index to a record as equity investors shrugged off concerns about elevated oil prices and multi-decade high bond yields. Treasuries extended losses. MSCI's Asia Pacific equity index added 0.3%, with shares advancing in Hong Kong, Japan and Australia. Earlier, Wall Street benchmarks climbed as gains in large-cap companies including Nvidia Corp. and Microsoft Corp. helped the S&P 500 Index close near an all-time high. US equity-index futures also edged up in Asian trading. We speak to Bloomberg MLIV Strategist David Savage.

Jim Chalmers, Australian Treasurer, says higher global bond yields will put pressure on the Australian budget as the widespread selloff pushes debt refinancing costs higher. He speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade.

Business and finance news from the Asia-Pacific.
Asian shares rose after a tech-led rally sent the Nasdaq 100 Index to a record as equity investors shrugged off concerns about elevated oil prices and multi-decade high bond yields. Treasuries extended losses. MSCI's Asia Pacific equity index added 0.3%, with shares advancing in Hong Kong, Japan and Australia. Earlier, Wall Street benchmarks climbed as gains in large-cap companies including Nvidia Corp. and Microsoft Corp. helped the S&amp;P 500 Index close near an all-time high. US equity-index futures also edged up in Asian trading. We speak to Bloomberg MLIV Strategist David Savage.
Jim Chalmers, Australian Treasurer, says higher global bond yields will put pressure on the Australian budget as the widespread selloff pushes debt refinancing costs higher. He speaks with Haidi Stroud-Watts and Shery Ahn on Bloomberg: The Asia Trade.

Big Tech Rally, Chalmers: Higher Bond Yields Will Pressure Aus. Budget 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d80e9a4d-a216-43f9-bef7-b4db002424b6/transcript

Business and finance news from the Asia-Pacific.

Asian stocks rose after softer US jobs data reduced pressure on the Federal Reserve to keep raising interest rates. Oil erased early gains, while bonds crept higher.

MSCI’s Asia Pacific equities index gained 1.1%, with Japan’s Nikkei 225 Stock Average rallying 2.5% as technology shares advanced. Chip bellwether Taiwan Semiconductor Manufacturing Co. jumped 3% on a potential collaboration with Elon Musk’s Terafab. Tech sentiment remained buoyant, with Nasdaq 100 futures gaining 0.4% after the underlying gauge closed at a record high Friday.

Following Friday's economic data in the US, markets have repriced and the chance for a rate hike has decreased. For an outlook at a potential Fed rate hike, we heard from Qian Wang, Chief APAC Economist at Vanguard Group, and she spoke with Bloomberg's Paul Allen.

Speaking with foreign media for the first time since his appointment, Indonesian Finance Minister Suahasil Nazara signaled that his focus would be on managing the state budget and keeping its deficit within the legal limit of 3% of gross domestic product, and he spoke with Bloomberg's Haslinda Amin.

Business and finance news from the Asia-Pacific.
Asian stocks rose after softer US jobs data reduced pressure on the Federal Reserve to keep raising interest rates. Oil erased early gains, while bonds crept higher.
MSCI&rsquo;s Asia Pacific equities index gained 1.1%, with Japan&rsquo;s Nikkei 225 Stock Average rallying 2.5% as technology shares advanced. Chip bellwether Taiwan Semiconductor Manufacturing Co. jumped 3% on a potential collaboration with Elon Musk&rsquo;s Terafab. Tech sentiment remained buoyant, with Nasdaq 100 futures gaining 0.4% after the underlying gauge closed at a record high Friday.
Following Friday's economic data in the US, markets have repriced and the chance for a rate hike has decreased. For an outlook at a potential Fed rate hike, we heard from Qian Wang, Chief APAC Economist at Vanguard Group, and she spoke with Bloomberg's Paul Allen.
Speaking with foreign media for the first time since his appointment, Indonesian Finance Minister Suahasil Nazara signaled that his focus would be on managing the state budget and keeping its deficit within the legal limit of 3% of gross domestic product, and he spoke with Bloomberg's Haslinda Amin.

US Eco Data Lowers Rate-Hike Odds; Indonesia Finance Minister Speaks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a2843718-f6e8-453d-b02a-b4da002fb9a4/transcript

Business and finance news from the Asia-Pacific.

Under the shadow of Beijing's single-minded focus on artificial intelligence, China's consumer stocks are trapped in a lost decade. The industry is showing a stark contrast with the high-flying tech sector. MSCI China's consumer goods sub-indexes plunged roughly 18% over the past six months to near 10-year lows, while the AI-heavy technology gauge surged to more than double its 2016 level. During the latest earnings season, consumer staples firms in the MSCI gauge missed profit expectations by nearly 50%.  We speak to Winnie Hsu, Asia Equities Reporter.

Plus - Yukio Kani, Global CEO and Chair at Jera, discusses the company's partnership with Dell and UK-based AI infrastructure developer RHAELM on a $15 billion AI infrastructure project in Japan. He speaks with Shery Ahn on Bloomberg: The Asia Trade.

Business and finance news from the Asia-Pacific.
Under the shadow of Beijing's single-minded focus on artificial intelligence, China's consumer stocks are trapped in a lost decade. The industry is showing a stark contrast with the high-flying tech sector. MSCI China's consumer goods sub-indexes plunged roughly 18% over the past six months to near 10-year lows, while the AI-heavy technology gauge surged to more than double its 2016 level. During the latest earnings season, consumer staples firms in the MSCI gauge missed profit expectations by nearly 50%. &nbsp;We speak to Winnie Hsu, Asia Equities Reporter.
Plus - Yukio Kani, Global CEO and Chair at Jera, discusses the company's partnership with Dell and UK-based AI infrastructure developer RHAELM on a $15 billion AI infrastructure project in Japan. He speaks with Shery Ahn on Bloomberg: The Asia Trade.

Chinese Consumer Stocks Struggle, Jera Global CEO on New AI Infrastructure Project

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a2577e7c-6806-4300-91d5-b4d70032cc22/transcript

US Stock Selloff Extends to APAC Markets

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