Bloomberg Daybreak: Asia Edition

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 US housing data, with a focus on 3 stocks for the week ahead. In the UK – a look ahead to a key summit in Berlin. In Asia – a look ahead to a monetary policy decision from the Bank of Korea. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian equities rose as dip buyers stepped in following a chip-stock selloff fueled by concerns about the artificial intelligence trade. Crude oil edged lower. MSCI Inc.'s Asia Pacific equities gauge climbed 1%, with five shares advancing for every one that declined. Samsung Electronics Co. and SK Hynix Inc. gained in Seoul, helping South Korea's Kospi Index rise almost 3% after slumping on Thursday to its lowest level since April. Bloomberg's Paul Allen and Haidi Stroud-Watts spoke to Vantage Markets Senior Market Analyst Hebe Chen. And -  The situation in euro-area bond markets is contained and far from requiring intervention from the bloc's rescue fund, according to European Stability Mechanism Managing Director Pierre Gramegna. "We have a full range of instruments that can be used, and obviously we monitor the situation all the time," he told Bloomberg Television in Bangkok. "But we are not at all at the stage where the ESM has to jump in." He spoke to Bloomberg's Avril Hong from the sidelines of the IMF-World Bank's annual meetings.  See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. A selloff in equities spread to Asia after chip stocks tumbled on Wall Street, as hotter-than-expected US inflation fueled bets on more aggressive Federal Reserve rate hikes. Treasuries rallied. MSCI Inc.'s Asia Pacific equities gauge dropped 1.5%, heading for a fourth straight decline, led by losses in South Korea, a bellwether for artificial intelligence investment. The Kospi Index slumped as much as 6.5% to its lowest since late July, with chip heavyweights Samsung Electronics Co. and SK Hynix Inc. tumbling at least 7%. Tech sentiment remained weak, with Nasdaq 100 Index futures falling as much as 1%. Earlier, the Russell 2000 entered a correction and a closely watched gauge of US semiconductor stocks had its longest losing streak since May 2025. CoreWeave Inc. shares plunged as much as 17%. Its debt due in 2032, which investors bought at par four months ago, traded at less than 78 cents on the dollar. Bloomberg's Paul Allen and Haidi Stroud-Watts spoke to  Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe. Plus - US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November's midterm elections. The hot inflation data lit up expectations that the Federal Reserve may raise interest rates this month, a prospect that appeared unlikely after policymakers in recent weeks signaled they had time to wait. Bloomberg's Haidi Stroud-Watts and Paul Allen spoke to  Robertson Stephens Chief Economist Jeanette Garretty. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks rebounded from two days of losses on expectations the Federal Reserve may not need to raise interest rates aggressively next year. The shift in sentiment for stocks came after New York Fed President John Williams said he saw no need for further tightening in 2027, while continuing to view one more rate hike as appropriate this year. Meantime, earnings season is underway in the US, kicked off by big banks. Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke to Dilin Wu, Research Strategist at Pepperstone. The Bloomberg New Economy Forum makes its debut in India, convening global public and private sector leaders in New Delhi. Bloomberg's Yvonne Man speaks to Former Australian Prime Minister/Asia Society Global President & CEO Kevin Rudd. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks declined as the artificial intelligence trade, one of the hottest corners of the market this year, came under renewed pressure ahead of a key earnings season. Elsewhere, Brent crude oil dropped 0.8% to around $105.80 a barrel. A Bloomberg gauge of the dollar's strength broadly held its gains from the previous session, when it climbed to its highest since mid-May 2025. Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke to KCM Trade Chief Market Analyst Tim Waterer. And - Bangkok plays host to the IMF and World Bank Group Annual Meetings. Finance ministers, central bankers, and economic experts from around the globe converge to discuss global financial stability, debt vulnerabilities, and emerging market growth. Bloomberg's Avril Hong spoke to State Street Investment Management Global CIO Lori Heinel. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Saudi Arabia's main airport came under renewed attack from Houthi rebels, a day after a strike on the facility killed 12 people and heaped pressure on the Middle East's biggest economy as it prepares to host major events that seek to boost foreign investment. An unidentified projectile hit a passenger terminal at King Khalid International Airport in Riyadh on Sunday, with authorities tackling a blaze, the Saudi-led coalition that's fighting Iranian-backed Houthi militants in Yemen, said in a statement. The Houthis swiftly claimed the attacks, saying they were a response to "Saudi aggression," including a strike on the airport in the Yemeni capital of Sanaa. The Saudi civil aviation authority said that the attack killed one person and injured 11. The coalition also said air defenses had intercepted a missile near the same location in the Saudi capital. The incident follows the strike on King Khalid airport on Saturday that also injured more than 300 people and marked the deadliest single event in Saudi Arabia since the Iran war began in late February. A projectile also fell near the King Fahd International Airport in Saudi Arabia's Dammam, which the Houthis also claimed as one of their attacks. Bloomberg's David Ingles and Stephen Engle spoke to National University of Singapore Middle East Institute Senior Research Fellow Jean-Loup Samaan. And -  Higher gasoline prices probably led to quicker overall US inflation in September even as underlying price pressures moderated, supporting views that the Federal Reserve will refrain from raising interest rates this month. The closely-watched consumer price index is seen rising 0.6% after a 0.4% increase a month earlier, based on the median projection in a Bloomberg survey of economists ahead of Wednesday's Bureau of Labor Statistics release. That would mark the largest advance in five months. Bloomberg's Haidi Stroud-Watts spoke to Westpac Head of Business and Industry Economics Sian Fenner. 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 CPI and PPI data, along with U.S bank earnings. In the UK – a look ahead to European leaders meeting in Brussels. In Asia – a look ahead to Japan's Sports Day. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks dropped, tracking declines on Wall Street, as speculation about OpenAI's revenue revived concerns over the sustainability of the artificial-intelligence spending boom. Oil edged lower. The MSCI Asia Pacific equities index edged 0.1% lower early Friday. Japan's Nikkei fell over 1%, with Softbank Group Corp. declining more than 5%. The regional moves came after the Nasdaq 100 Index sank 1.4%, its worst day in seven weeks, while a US gauge of chipmakers slumped 3.4%. The S&P 500 Index dropped 0.5%. Markets are closed in South Korea and Taiwan.  The declines in the US followed a Financial Times report that OpenAI's annualized revenue was $20 billion below previously signaled levels. The ChatGPT maker is on track for roughly $50 billion, according to people familiar with the matter. Also, Firmus Grid Ltd., an Australian data center company backed by Nvidia Corp., is set to postpone its initial public offering, according to people familiar with the matter. We speak to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. And for more analysis on the market reaction towards the OpenAI report and the outlook on the AI trade, Bloomberg's Avril Hong spoke to Seema Shah, Principal Global Investors Chief Global Strategist. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks retreated for a second day and Treasuries edged lower as rising oil prices fueled concerns that inflation may stay elevated and nudge central banks to raise interest rates. MSCI's Asia Pacific equities index fell 0.9%, with nine of its 11 industry groups in the red. Benchmarks in Japan, South Korea and Singapore declined, along with mainland China as trading resumed after a holiday. We speak to Bloomberg MLIV Strategist Mark Cranfield. And -  Samsung Electronics Co. reported a nearly nine-fold rise in quarterly operating profit, though that was still just shy of sky-high expectations elevated by relentless spending on the AI infrastructure buildout. The world's largest memory chipmaker posted a record preliminary operating profit of 107.4 trillion won ($80.1 billion) for the quarter through September. But even those record results still fell short of the average analyst's forecast. Revenue came to 195 trillion won, also lower than expectations. Shares were flat during early morning trading in Seoul Thursday.  Bloomberg TV host Haidi Stroud-Watts spoke to Sanjeev Rana, CLSA Head of North Asia Semiconductors Research.  See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks failed to join a rally on Wall Street that took it to record highs on optimism over earnings outlook. Treasuries dropped as oil climbed. MSCI's Asia Pacific equities gauge fell 0.4%, with the regional benchmark now about 2% from its peak. Stocks dropped in Japan and South Korea, while they rose in Taiwan. The All Country World Index — a key barometer of global stocks — is about 0.5% away from its peak hit in August. Earlier, the S&P 500 and the Nasdaq 100 Index closed at record highs ahead of the US earnings season next week. Artificial intelligence-related stocks led the advance, with Nvidia Corp.'s market value approaching $6 trillion. Tech remained in focus as Elon Musk's SpaceX was in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia Corp., people familiar with the matter said. We speak to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. Former Canadian Minister of International Trade Mary Ng told Bloomberg TV's Avril Hong Wednesday that Canada must protect its industries from "unjustified" U.S. tariffs before returning to the negotiating table. Speaking at the Milken Institute Asia Summit, Ng highlighted an aggressive pivot to diversify exports toward Asian markets. She pointed to accelerated energy and critical mineral exports, alongside ongoing trade talks with ASEAN and India aimed at doubling market access. Ng also noted an "encouraging" alignment with China to shield Canada's vital agrifood sector. See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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. 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 Mortgage data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to this year’s Nobel Prize decisions. In Asia – a look ahead to China’s Golden Week Holiday. See omnystudio.com/listener for privacy information.

The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.   Nonfarm payrolls increased 29,000 last month after a downward revision to the prior two months, according to Bureau of Labor Statistics data out Friday. That missed all estimates in a Bloomberg survey of economists.  The unemployment rate rose to 4.2%, partly reflecting a growing workforce.  Bloomberg’s Tom Keene and Paul Sweeney get reaction from:  Claudia Sahm, Chief Economist at New Century Advisors  Rebecca Patterson, Senior Fellow at Council on Foreign Relations  Kristina Campmany, Senior Portfolio Manager at Invesco See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Confidence among Japan's largest firms remains elevated with sentiment among manufacturers rising to the highest level in more than eight years, a result that suggests the Bank of Japan can continue raising interest rates without buckling corporate optimism. The sentiment index climbed to 24 in September from 22, improving for a sixth straight quarter, the BOJ's quarterly Tankan business survey showed Thursday. Economists in a Bloomberg survey had forecast a rise in the gauge to 25. The survey is one of the bank's most closely watched data sets. We speak to Bloomberg's FX and Rates Strategist David Finnerty. And - Micron Technology Inc. gave an upbeat forecast for the current quarter, fueled by the AI building frenzy, though the chipmaker warned that rising compensation would weigh on profit margins. Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02. Bloomberg's Shery Ahn spoke to Futurum Head of Semiconductors & Infrastructure Rolf Bulk. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks gained for the first time in three sessions and bonds steadied after a bruising selloff as traders awaited a crucial US inflation reading for clues on the path of interest rates. The dollar was set for its best month since June. The MSCI Asia Pacific Index gained 0.8%, led by technology shares after a key gauge of US semiconductor stocks advanced. SoftBank Group Corp., an investor in OpenAI, rose 6% after the artificial intelligence startup aimed to raise at least $30 billion in fresh funding at a $1.4 trillion valuation, according to people familiar with the matter. We spoke to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. And - President Donald Trump shot down the idea of new federal regulations on artificial intelligence after meeting at the White House with top industry executives amid growing global concerns over threats posed by the technology. In lieu of new rules, Trump and the executives agreed on a framework where they would partner with outside auditors to conduct safety assessments of models and implement stronger internal controls over their systems, according to a copy of an accord signed by the president and Silicon Valley leaders following a White House lunch on AI risks Tuesday. The luncheon brought together nearly two dozen Silicon Valley leaders, including Anthropic PBC Chief Executive Officer Dario Amodei and Nvidia Corp. CEO Jensen Huang. After the event, Trump said existing laws would be enough to safeguard Americans from AI's potential risks, despite a growing nationwide backlash to the technology. Bloomberg's Avril Hong spoke to Flint Global Partner Ewan Lusty.  See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Bond investors got a respite in Asian trading from a bruising selloff after surging oil prices and mounting bets on further Federal Reserve interest-rate hikes drove Treasury yields to multi-year highs. Asian stocks fell. The US 10-year yield held at 5.23% after climbing as much as 11 basis points Monday to the highest since 2007. Two- and 30-year yields were steady as traders braced for the Fed to keep tightening policy to rein in inflation. We speak to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. And - Climbing oil prices, stronger US business activity and concerns over elevated government debt have fueled the biggest Treasury selloff since President Donald Trump's April 2025 tariff rollout. Bloomberg TV host Shery Ahn spoke to Capital.com Senior Market Analyst Kyle Rodda. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Bonds resumed their decline after a brief reprieve as Middle East tensions flared following President Donald Trump's rejection of Iran's latest proposal to reopen the Strait of Hormuz. Oil rose and Asian stocks fell. Oil remains a key driver for markets as elevated energy costs add to inflation pressures and bolster expectations for further rate increases. Bloomberg's Shery Ahn spoke to Nomura International Wealth Management North Asia CIO Julia Wang. And - Australia's central bank is poised to resume raising interest rates on Tuesday as policymakers lose patience with persistently strong inflation, with debate mounting over whether a follow-up hike will be needed. Bloomberg's Haidi Stroud-Watts spoke to Westpac International Economist Illiana Jain.  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 September jobs report with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK Prime Minister Andy Burnham's plans ahead of his first conference as Labour Party leader. In Asia – a look ahead to the coming decision from the Reserve Bank of Australia. See omnystudio.com/listener for privacy information.