The yen gained on Monday as traders started the week on heightened alert for Japan intervening in the market following the currency’s recent slide. Japan's Prime Minister Sanae Takaichi warned the market on Sunday, saying Japan will take all necessary measures to address speculative and highly abnormal movements. Kei Okamura is Portfolio Manager and Managing Director for Japan Equities at Neuberger Berman. He discusses Takaichi's warning, bonds, and the Japan CPI data coming later this week.

Gold rose beyond $5,000 an ounce for the first time, extending a rally fueled by US President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies. Katy Kaminski, Chief Research Strategist at Alpha-Simplex, talks demand in precious metals and the upcoming Fed decision.

The yen gained on Monday as traders started the week on heightened alert for Japan intervening in the market following the currency&rsquo;s recent slide. Japan's Prime Minister Sanae Takaichi warned the market on Sunday, saying Japan will take all necessary measures to address speculative and highly abnormal movements. Kei Okamura is Portfolio Manager and Managing Director for Japan Equities at Neuberger Berman. He discusses Takaichi's warning, bonds, and the Japan CPI data coming later this week. Gold rose beyond $5,000 an ounce for the first time, extending a rally fueled by US President Donald Trump&rsquo;s reshaping of international relations and investor flight from sovereign bonds and currencies. Katy Kaminski, Chief Research Strategist at Alpha-Simplex, talks demand in precious metals and the upcoming Fed decision.

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.

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

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.

Yen Rises with Warning From Takaichi, Metals Rally

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Business and finance news from the Asia-Pacific.

President Donald Trump's nomination of Kevin Warsh to head the Federal Reserve has led investors in short-term interest rates to hedge against deeper policy easing this year than the broader market currently anticipates. Since Trump's Friday announcement, flows in options linked to the Secured Overnight Financing Rate — which closely tracks the central bank's path — have reflected bets on a more dovish tilt once Warsh takes his post in time for the Fed's June meeting. He must first be confirmed by the Senate. For more perspective, we spoke to William Lee, Chief Economist at Global Economic Advisors.

Plus -  Most Asian stocks dropped after a tech selloff dragged down US benchmarks and saw a rotation into more economically sensitive industries. Japanese and Australian equities both opened lower. The US declines were fueled by concern advances in artificial intelligence will decimate software companies and hurt profitability across the tech industry. For more on the market action, we heard from Christian Nolting, Global Chief Investment Officer at Deutsche Bank. He spoke to Bloomberg's Shery Ahn and Avril Hong on the Asia Trade. 

Business and finance news from the Asia-Pacific.
President Donald Trump's nomination of Kevin Warsh to head the Federal Reserve has led investors in short-term interest rates to hedge against deeper policy easing this year than the broader market currently anticipates. Since Trump's Friday announcement, flows in options linked to the Secured Overnight Financing Rate &mdash; which closely tracks the central bank's path &mdash; have reflected bets on a more dovish tilt once Warsh takes his post in time for the Fed's June meeting. He must first be confirmed by the Senate. For more perspective, we spoke to William Lee, Chief Economist at Global Economic Advisors.
Plus - &nbsp;Most Asian stocks dropped after a tech selloff dragged down US benchmarks and saw a rotation into more economically sensitive industries. Japanese and Australian equities both opened lower. The US declines were fueled by concern advances in artificial intelligence will decimate software companies and hurt profitability across the tech industry. For more on the market action, we heard from Christian Nolting, Global Chief Investment Officer at Deutsche Bank. He spoke to Bloomberg's Shery Ahn and Avril Hong on the Asia Trade.&nbsp;

AI Disruption Fears, Markets Bet on Dovish Tilt Under Warsh Led Fed

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6d1b382f-7eb7-4dd0-bf62-b3e7001725fd/transcript

Business and finance news from the Asia-Pacific.

Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world's richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration. The acquisition of xAI was announced in a statement on SpaceX's website signed by Musk and confirming a Bloomberg News report earlier Monday. The deal gives SpaceX a valuation of $1 trillion, and xAI a value of $250 billion, people familiar with the matter said. The combined company's valuation was announced to employees in a memo on Monday, some of the people said earlier. 

Asian stocks climbed after their steepest two-day drop since April as markets found footing following sharp swings in gold and silver that sent ripples across assets. The precious metals rose in early trading. For more on what is moving the markets, we spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.

President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries. Following a phone call with Modi, Trump said on social media that he would cut a US levy on Indian goods to 18% from 25%. The US President is also removing an extra punitive 25% duty applied in response to India's purchases of crude from Russia, according to officials familiar with the matter. We got reaction from Basant Sanghera, Managing Principal at the Asia Group. He spoke to Bloomberg's Paul Allen and Shery Ahn. 

Business and finance news from the Asia-Pacific.
Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world's richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration. The acquisition of xAI was announced in a statement on SpaceX's website signed by Musk and confirming a Bloomberg News report earlier Monday. The deal gives SpaceX a valuation of $1 trillion, and xAI a value of $250 billion, people familiar with the matter said. The combined company's valuation was announced to employees in a memo on Monday, some of the people said earlier.&nbsp;
Asian stocks climbed after their steepest two-day drop since April as markets found footing following sharp swings in gold and silver that sent ripples across assets. The precious metals rose in early trading. For more on what is moving the markets, we spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries. Following a phone call with Modi, Trump said on social media that he would cut a US levy on Indian goods to 18% from 25%. The US President is also removing an extra punitive 25% duty applied in response to India's purchases of crude from Russia, according to officials familiar with the matter. We got reaction from Basant Sanghera, Managing Principal at the Asia Group. He spoke to Bloomberg's Paul Allen and Shery Ahn.&nbsp;

Asia Stocks Rebound, SpaceX Combines With xAI, US-India Trade Deal

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2a6823c3-9c9c-43e9-9c67-b3e600289e34/transcript

Business and finance news from the Asia-Pacific.

Stocks trimmed their losses at the open and precious metals recovered from a weak start, underscoring the fragile sentiment in markets after a choppy end to the week on Wall Street. The precious metals suffered a slide on Friday as the dollar strengthened following Warsh's nomination as the next Fed chief. For more on what is moving the markets, we spoke to Mark Cranfield, Bloomberg's MLIV Strategist.

Plus - Hang Lung Properties posted its fiscal year 2025 results. For more on the companies earnings and the outlook on mainland China and Hong Kong's property sector, we spoke to Chair Adriel Chan. He spoke to Bloomberg's David Ingles and Yvonne Man. 

Business and finance news from the Asia-Pacific.
Stocks trimmed their losses at the open and precious metals recovered from a weak start, underscoring the fragile sentiment in markets after a choppy end to the week on Wall Street. The precious metals suffered a slide on Friday as the dollar strengthened following Warsh's nomination as the next Fed chief. For more on what is moving the markets, we spoke to Mark Cranfield, Bloomberg's MLIV Strategist.
Plus - Hang Lung Properties posted its fiscal year 2025 results. For more on the companies earnings and the outlook on mainland China and Hong Kong's property sector, we spoke to Chair Adriel Chan. He spoke to Bloomberg's David Ingles and Yvonne Man.&nbsp;

Precious Metals in Focus, Hang Lung Properties Earnings 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d5bd905b-47e7-4ada-be5d-b3e50026c18d/transcript

Yen Rises with Warning From Takaichi, Metals Rally

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