Bloomberg Daybreak: Asia Edition

The US accused China of engaging in unfair trade practices in the semiconductor sector, but is declining to impose additional tariffs on chip imports until at least mid-2027. The Office of the US Trade Representative on Tuesday released the findings of a nearly yearlong inquiry into China's chip sector that was launched in the final weeks of the former President Joe Biden's administration, with the expectation the matter would be resolved under President Donald Trump. In the intervening months, Trump struck a truce with Chinese President Xi Jinping to end a trade war that rattled global markets. For more on the relationship in regards to US-China in the technology space, we spoke to Tiffany Hsiao, Portfolio Manager at Matthews International Capital Management. Plus - the US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 4.3% annualized pace, a Bureau of Economic Analysis report showed Tuesday. That was higher than all but one forecast in a Bloomberg survey and followed 3.8% growth in the prior period. We heard from Chris Kampitsis, Managing Partner, Barnum Financial Group.See omnystudio.com/listener for privacy information.

Japan has a “free hand” to take bold action against currency moves that are not in line with fundamentals, Finance Minister Satsuki Katayama said, in her strongest warning yet to speculators following the yen’s weakening even after a rise in interest rates. “The moves were clearly not in line with fundamentals but rather speculative,” Katayama said in an interview with Bloomberg on Monday, referring to a sharp weakening of the yen on Friday. “Against such movements, we have made clear that we will take bold action, as stated in the Japan–US finance ministers’ joint statement,” she said. We heard from Keio University Professor Sayuri Shirai. She spoke to Bloomberg’s Annabelle Droulers and Avril Hong on the Asia Trade. Plus - Bank of America Corp. Chief Executive Officer Brian Moynihan said that artificial intelligence is starting to have a bigger impact on the US economy. For more on the AI trade and what’s ahead for the energy sector for 2026, we spoke to Peter Gardett, CEO of Noreva. See omnystudio.com/listener for privacy information.

Asian equities opened higher, tracking Friday's gains in US stocks that helped intensify bets for a strong finish to the year. Hopes for a year-end rally have grown as dip buyers late last week helped equities recover from a slide driven by doubts over AI exuberance and the scope for Federal Reserve easing. We heard from to Vasu Menon, Managing Director for Investment Strategy at OCBC. He spoke to Bloomberg's Annabelle Droulers. Plus -  Moore Threads Technology Co. introduced a new generation of chips aimed at reducing artificial-intelligence developers' dependence on Nvidia Corp.'s hardware, just weeks after pulling off one of the most successful Chinese IPOs in years. For a macro outlook on Chinese equities, we heard from Yan Wang, Macro Chief EM and China Strategist at Alpine. He spoke to Bloomberg's David Ingles.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP data and a tech outlook for 2026. In the UK – a look at UK politics and what 2026 may hold in store for Prime Minister Keir Starmer. In Asia – a look ahead to the challenges facing China’s economy in 2026. See omnystudio.com/listener for privacy information.

TikTok's long-delayed plan to separate from Chinese parent ByteDance Ltd. was put in motion Thursday when the video sharing sensation said it's being bought by a group of buyers led by Oracle Corp. TikTok Chief Executive Officer Shou Chew told employees that the company and ByteDance signed binding agreements to create a US joint venture majority-owned by American investors, according to an internal memo reviewed by Bloomberg. Chew wrote that he was "pleased to share some great news" and said agreements with Oracle, Silver Lake and MGX have been signed. The deal is expected to close on Jan. 22, 2026, though Chew added that "there's more work to be done" before then. Asian equities rose after cooling US inflation data backed the case for Federal Reserve interest-rate cuts and calming tech jitters supported American stocks. We heard from Amy Xie Patrick, Head of Income Strategies at Pendal Group. She spoke to Bloomberg's Annabelle Droulers and Paul Allen. Plus -  A solid outlook from giant Micron Technology Inc. underscored the voracious appetite for all things related to artificial intelligence. The S&P 500 rose nearly 1%, halting a four-day slide. We spoke to Keith Buchanan, Senior Portfolio Manager at Globalt.See omnystudio.com/listener for privacy information.

Asian stocks opened lower following US losses as global markets fell into a familiar, risk-off pattern with tech concerns weighing on stocks, and supporting shorter-maturity Treasuries and precious metals. The heavy selling in tech was a sign investors are further questioning whether companies at the vanguard of the AI boom can keep justifying lofty valuations and ambitious spending. We speak to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. See omnystudio.com/listener for privacy information.

Asian shares tracked Wall Street at the open to post a modest decline after sluggish US jobs data did little to boost bets on further interest-rate cuts from the Federal Reserve. For more on the latest reading on the US Jobs data, we spoke to Christopher Zook, Chairman & CIO of CAZ Investments. Chen Weiliang's chip startup, MetaX Integrated Circuits Shanghai Co., will list in Shanghai with a valuation of $5.9 billion, making Chen close to emerging as a billionaire. For more on the overall AI trade, we heard from Daniel Lam, Head of Equity Strategy at Standard Chartered Wealth Solutions. He spoke to Bloomberg's Avril Hong.See omnystudio.com/listener for privacy information.

Stocks drifted lower and the dollar hovered near two-month lows as investors stayed cautious ahead of key US economic data that may signal where interest rates are headed. The yen strengthened. For more on what is ahead this week, we heard from Isaac Poole, Chief Investment Officer at  Ascalon Capital. Plus - Weakness in information tech shares led the equity market lower. Shares in Broadcom fell more than 5.5%, after Friday's 11% decline. It's all in response to a disappointing outlook issued last week, especially on gross margins. Broadcom has fallen by nearly 18% over the last three trading sessions. We spoke to Greg Halter, Director of Research at the Carnegie Investment Counsel.See omnystudio.com/listener for privacy information.

Sixteen people have been killed in Australia’s worst terrorist attack after gunmen opened fire on Jewish people who had gathered to celebrate the first day of Hanukkah at Sydney’s iconic Bondi Beach on Sunday evening. Bloomberg's Paul Allen reports from the scene. Japan’s December large manufacturers Tankan rose to 15 from 14 in the previous quarter, Bank of Japan data showed. Westpac Head of Business and Industry Economics Sian Fenner previews the week ahead for eco data. Investors are looking towards the New Year. Eric Teal, Chief Investment Officer for Comerica Wealth Management discusses the upcoming CPI and University of Michigan Consumer Sentiment data, as well as the monetary picture for 2026.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the November jobs report and quarterly earnings from Nike. In the UK – a look ahead to the Conference of Paris. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Asian stocks climbed after gauges of US and global equities hit fresh records, with investor sentiment boosted by the Federal Reserve's rate cut and its upbeat assessment of the US economy. Despite the record high, some caution for tech names persisted, as Broadcom Inc.'s shares slid in late trading after the chipmaker's outlook for artificial intelligence revenue failed to meet investors' lofty expectations. For more on the market action, we spoke to Steven Schoenfeld, CEO of MarketVector Indexes. Plus - Dara Khosrowshahi, CEO at Uber, says he expects to offer robotaxi services in more than 10 markets by the end of next year as the company discusses rules for the autonomous rides with regulators. He speaks with Annabelle Droulers on "Bloomberg: The Asia Trade".See omnystudio.com/listener for privacy information.

The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row but signaled that it may leave rates unchanged in the coming months. The dollar had its worst day in nearly three months after Federal Reserve Chair Jerome Powell highlighted labor market risks and downplayed inflation concerns. For more on what this means for the emerging markets debt space, we heard from Jeff Grills, head of US cross markets and emerging markets debt at Aegon Asset Management.  Plus- Asian equities echoed gains on Wall Street after the Federal Reserve cut interest rates and Chair Jerome Powell voiced optimism that the US economy will strengthen as the inflationary impact from tariffs fades away. For her outlook on the Fed's decision and the overall market outlook, we heard from Christina Woon, Portfolio Manager at Eastspring Investments. She spoke to Bloomberg's David Ingles and Annabelle Droulers.See omnystudio.com/listener for privacy information.

Donald Trump's decision to allow Nvidia Corp. to sell advanced chips to China marks more than just a shift in US tech policy. It also raises questions about how far he'll go to steady ties with Xi Jinping. The Republican leader granted America's most-valuable company permission on Tuesday to export its high-end H200 chip to China, watering down years of US national security safeguards. While he pledged Nvidia's top products would remain off bounds, the move gives China access to semiconductors at least a generation ahead of its best technology. For more on the AI story and the overall outlook on the Chinese Economy, we spoke to Chi Lo, Global Market Strategist, BNP Paribas Asset Management. Plus - Wall Street had a sluggish session as investors awaited clues on the Federal Reserve's policy path in its final interest rate policy of the year. Traders are anticipating a third consecutive Fed rate cut Wednesday, while the focus will be on the central bank's latest dot plot, economic projections and comments from Chair Jerome Powell. We spoke to JoAnne Bianco, Senior Investment Strategist at BondBloxx. See omnystudio.com/listener for privacy information.

President Donald Trump granted Nvidia Corp. permission to ship its H200 artificial intelligence chip to China in exchange for a 25% surcharge, a move that lets the world's most valuable company potentially regain billions of dollars in lost business from a key global market. The decision was announced by Trump in a post on his Truth Social network, capping weeks of deliberations with advisers about whether to allow H200 exports to China. Trump said he informed Chinese President Xi Jinping about the move and that Xi had responded favorably. He added that shipments would only go to "approved customers," and that chipmakers such as Intel Corp. and Advanced Micro Devices Inc. would also be eligible. The move represents a victory for Nvidia in its push to get Trump and Congress to relax export controls that have kept the company from selling its AI chips to the world's largest semiconductor arena. Chief Executive Officer Jensen Huang has forged a close relationship with Trump since the November 2024 election and has used those ties to make his case that restrictions only boost Chinese domestic champions like Huawei Technologies Co. For an outlook on the market reaction, we heard from Fabien Yip, Market Analyst at IG International. She spoke to Bloomberg's Shery Ahn and Avril Hong. Plus - Australian Prime Minister Anthony Albanese reminded social media companies that they will be held responsible when a ban on children having accounts takes effect on Wednesday. Under the crackdown, the first of its kind among the world's democracies, platforms including TikTok and Instagram will be required by law to block under-16s from holding accounts or face fines of up to A$49.5 million ($33 million). For more on Australia's social media move, we heard from Terry Flew, Professor of Digital Communication & Culture at the University of Sydney. He spoke to Bloomberg's Shery Ahn and Avril Hong.See omnystudio.com/listener for privacy information.

Investors are looking ahead to the Federal Reserve decision happening later this week. Fed Chair Jerome Powell is expected to push through another quarter-point interest-rate cut this week. That is despite growing unease among fellow policymakers that inflation remains too high. In Asia-Pacific, the Reserve Bank of Australia's rate decision and a raft of Chinese data are the key events in the week ahead. We heard from Mark Matthews, Head of Asia Research at Julius Baer. He spoke to Bloomberg's Shery Ahn and Avril Hong. Plus - in Japan, a slew of economic data was released. In Tokyo, labor cash earnings were released. Stronger wage gains in October bolstered the case for the Bank of Japan to deliver a 25-basis-point rate hike at its Dec. 18–19 meeting. However, Japan's economy shrank in the three months through September, the government confirmed in a revised report, giving further justification for Prime Minister Sanae Takaichi's stimulus package announced last month. For more on what the latest Japan data means for the BoJ, we heard from Bloomberg's Brian Fowler. He spoke to Bloomberg's Shery Ahn and Avril Hong. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to next week’s Fed decision and earnings from Oracle and Adobe. In the UK – a look ahead to the Blackhat cybersecurity conference. In Asia – a look ahead to China consumer and producer price data. See omnystudio.com/listener for privacy information.

French President Emmanuel Macron pushed for more Chinese investment during a meeting with Chinese leader Xi Jinping, as Paris looks to rebalance its economic ties with Beijing and narrow a persistent trade gap. Macron said Europe, including France, needs a clearer framework to attract more Chinese direct investment. He warned that China's growing trade surplus with the rest of the world is becoming unsustainable, while investment flowing into Europe remains too low. We heard from Bloomberg China Correspondent Minmin Low. Asian equities dropped in early trading following a lackluster session on Wall Street that weighed on tech stocks and bonds, with focus turning to the release of key US inflation data later on Friday. We get an outlook from Charu Chanana, Saxo Chief Investment Strategist. She spoke to Bloomberg's Avril Hong and Paul Allen. And in the states, markets struggled to gain traction ahead of the Federal Reserve's meeting next week. We spoke to James Thorne, Chief Market Strategist at Wellington-Altus Private Wealth.See omnystudio.com/listener for privacy information.

Asian stocks advanced at Thursday's open, tracking gains in US peers after more evidence of a slowing job market boosted the case for the Federal Reserve to lower interest rates next week. We speak to Mark Cranfield, Bloomberg MLIV Strategist. In the states, data on Wednesday showed US companies shed payrolls in November by the most since early 2023, reinforcing concerns about a more pronounced labor market weakening. Swaps pricing indicated rising expectations for a December cut Wednesday, with traders assigning more than a 90% chance to a 25-basis-point reduction. Separately, US services activity expanded at a slightly faster pace, while a measure of prices paid dropped to a seven-month low. We speak to Adam Turnquist, Chief Technical Strategist at LPL Financial.See omnystudio.com/listener for privacy information.

Asian stocks traded within tight ranges early Wednesday, mirroring similar moves on Wall Street amid a lack of fresh catalysts, while a rebound in cryptocurrencies lost steam. In South Korea, Today's outperformer is the South Korean equity market. Today, the Bank of Korea reported a revised GDP growth of 1.3% quarter on quarter. It's the fastest pace of growth in nearly four years. We heard from Frederic Neumann, HSBC Chief Asia Economist and Co-Head of Global Research. He spoke to Bloomberg's Paul Allen and Avril Hong on the Asia Trade. In the States - There was a cautious rebound in the US equity market. A portion of today's risk-taking was tied to a rebound in crypto currencies. We spoke to Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management.See omnystudio.com/listener for privacy information.

Asian stocks staged a rebound on Tuesday following a selloff that saw cryptocurrencies lead declines in global risk assets. Japanese government bonds were in focus ahead of an auction of 10-year debt. For more on the outlook on emerging market opportunities in Asia, we spoke to Joy Yang, Head of Product Management and Marketing at MarketVector Indexes. Plus - Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. For more on what this for the broader market, we spoke to Tim Pagliara, Founder, Chairman, and Chief Investment Officer at CapWealth.See omnystudio.com/listener for privacy information.