Bloomberg Daybreak: Asia Edition

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.

Business and finance news from the Asia-Pacific. The surge in Treasury yields has pushed yield gaps with emerging Asia bonds toward record levels, raising the risk of capital outflows from the region, according to strategists. A selloff in US government bonds deepened this week, with the 30-year yield surging to its highest level since 2004 on Thursday and the benchmark 10-year yield hitting its highest since 2007. Bloomberg's David Ingles and Rebecca Choong-Wilkins spoke to Quadratic Capital Management Founder and CIO Nancy Davis. And - Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world's largest economies on track. How the leaders are handling AI is one of the key questions looming over the state visit, with the US president arguing for unfettered development to keep his nation's edge. China, meanwhile, has criticized American export controls on semiconductors and other inputs that it argues constrains its companies. Bloomberg's Stephen Engle spoke to Former US Embassy Deputy Chief of Mission in Beijing Sarah Beran.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Iranian President Masoud Pezeshkian said his country won't allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place, underscoring the difficulty in reaching a peace deal with Washington despite efforts to revive talks this week. Even so, oil fell as the US suggested that major volumes of crude are getting through the Strait of Hormuz despite risks to shipping. We speak to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader. And - Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. Xi and his wife Peng Liyuan, a celebrated soprano, touched down at Joint Base Andrews outside Washington shortly before 6 p.m. local time on Wednesday. Donald Trump shook hands with the couple, becoming the first US president in six decades to receive a foreign counterpart at that airport, excluding visits by the Pope. Bloomberg's Stephen Engle speaks to AmCham Shanghai President Eric Zheng. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian equities started the day stronger after a rally in US chipmakers drove the Nasdaq 100 Index to its first record since June. Meta Platforms Inc.'s new Muse AI agent was again in the spotlight, with Shopify Inc. shares jumping 7.1% after the companies struck a partnership. Meanwhile, concerns that AI could erode margins and fees at financial brokerages drove US financial stocks lower. We spoke to Sunny Bangia. He covers Asia Equities for Bloomberg. And - President Trump is set to meet Chinese President Xi Jinping in Washington on Thursday. Trade will be a key focus. Both sides are seeking to extend their tariff truce reached last year. Ahead of the summit, US negotiators are signaling that rare earth flows and critical minerals remain a sticking point. Bloomberg's Shery Ahn spoke to Former US Department of Energy Deputy Director for Batteries and Critical Minerals Ashley Zumwalt-Forbes. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Global AI stocks rallied as early signs of success for Meta Platforms Inc.'s new personal agent revived optimism over chip demand, bolstering the sector after a recent rough patch driven by calls for slower AI development. The rally followed Meta's Muse AI Agent climbing to the top of rankings on Apple Inc.'s free applications list after its launch earlier this month. Lower oil prices, amid hopes for diplomatic progress in the Iran war, further supported risk appetite. The moves are also offering reprieve for the hot AI trade, which had come under pressure from rich valuations and, more recently, concerns among tech leaders over the existential threat posed by advanced models. Muse's early traction is easing some of those fears by offering fresh evidence that AI demand remains robust. We speak to Bloomberg's MLIV Strategist Mark Cranfield And - US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week's summit between leaders Donald Trump and Xi Jinping. China's top trade negotiator, Li Chenggang, said the talks were held in a "good atmosphere" as he left JPMorgan Chase & Co.'s headquarters in New York on Sunday, while US Treasury Secretary Scott Bessent lauded "very successful" discussions. China's official Xinhua News Agency called the exchange "candid, in-depth and constructive." Bloomberg's Haidi Stroud-Watts spoke to Geoff Raby, Former Australian Ambassador to China for a lookahead.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian equities and Wall Street stock-index futures advanced after the US described talks with China as “very successful” ahead of a summit between Presidents Donald Trump and Xi Jinping this week. Oil fell for a fourth day. In the discussions the two sides agreed to set up a dialogue on AI aimed at reaching a common understanding on goals and threats, Bessent said. Subsequently, Japanese Prime Minister Sanae Takaichi is scheduled to speak before the United Nations Security Council on Tuesday. For a look ahead at Takaichi's visit, we spoke to Bloomberg's Tokyo Bureau Chief Isabel Reynolds. For an outlook at how market risks will play out across the Asia-Pacific region, Bloomberg TV Hosts Haidi Stroud-Watts and Paul Allen spoke to Louise Loo, Head of Asia Economics at Oxford Economics.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 – we look at upcoming home building data In the UK – we preview elections in Germany In Asia – we discuss President Xi's visit to the US this week See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks and bonds edged up as a pullback in oil prices eased inflation concerns. MSCI's regional equities gauge advanced 0.5%, with South Korea's Kospi index leading gains. Chipmakers Samsung Electronics Co. and SK Hynix Inc. climbed after a key US semiconductor gauge rallied. Adding to the positive tone, Brent crude declined for a third day, falling 1.2% to $103.56 a barrel as supply concerns eased and traders turned their attention to the next round of diplomacy over the US-Iran war. We speak to Bloomberg's MLIV Strategist David Savage. And for more on the markets, Bloomberg's David Ingles and Yvonne Man spoke to BNP Paribas Asset Mgmt Senior Market Strategist Ecaterina Bigos.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. The yen's sharp drop after the Federal Reserve's hawkish hike is raising the stakes for the Bank of Japan's policy meeting Friday, with strategists warning the currency could weaken further unless officials convince markets that more tightening is coming. The Fed lifted borrowing costs Wednesday for the first time since 2023 and projected further increases, prompting traders to price three additional hikes by the middle of next year. That threatens to keep the US-Japan rate gap wide even as the BOJ is expected to raise its own policy rate this week. We speak to Bloomberg's FX and Rates Strategist David Finnerty. And for more reaction to the Fed's decision, Bloomberg's David Ingles spoke to Former St. Louis Fed President James Bullard from the sidelines of the BNP Paribas APAC Global Markets Conference.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank. Meantime, bond traders have piled into bearish positions ahead of Wednesday's Federal Reserve meeting, betting that the Treasury selloff driving yields to their highest in almost two decades will continue. The benchmark US 10-year yield rose to its highest level since 2007 on Tuesday as traders braced for the Fed to hike interest rates in response to inflation worries. We speak to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. And for more on the market outlook ahead of the Fed's Decision, Bloomberg's David Ingles and Yvonne Man spoke to BNP Paribas Global Head of Markets 360 and Chief Economist Luigi Speranza.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Investors are also assessing the outlook for technology shares after global equities retreated Monday following calls from leading AI developers for a slower pace of advances in the field. MSCI's Asia Pacific equities gauge slipped 0.1% on Tuesday after the Philadelphia Semiconductor Index tumbled 5.9% — its biggest drop in more than two months. We speak to Sunny Bangia, he covers Asia Equities for Bloomberg News. And for more on the debate on AI safety and regulation, Bloomberg's Haidi Stroud-Watts spoke to University of New South Wales Scientia Professor of AI Toby Walsh.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Central banks from much of the Group of Seven face a pivotal week as mounting inflation risks heap pressure on them to raise interest rates. The US will be most closely watched in the wake of a higher-than-expected core inflation reading, which stoked investor bets that Fed Chairman Kevin Warsh and his colleagues will raise their benchmark rate. Meantime, the Reserve Bank of Australia is set to have their rate decision later in the month. We speak to James McIntyre, Bloomberg Economist for Australia and New Zealand. Plus - Asian stocks and US equity-index futures retreated after major artificial intelligence companies called for a slowdown in the technology's development, raising concerns about a sector that has powered this year's rally. Oil rose. Bloomberg's Haidi Stroud-Watts spoke to Vasu Menon, Managing Director, Investment Strategy, OCBC.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 next FOMC decision, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Sweden’s general election. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks dropped, tracking losses on Wall Street, as surging oil prices stoked concern that inflation will accelerate. Brent crude held above $101 a barrel. The MSCI Asia Pacific Index slipped 1.3%, with benchmark gauges in Japan, South Korea, Taiwan and Australia all declining. The S&P 500 Index slid 0.5% on Wednesday, while the Nasdaq 100 Index dropped 0.3%, weighed down by losses in Nvidia Corp., Amazon.com Inc. and Alphabet Inc. Brent climbed as high as $101.94 before paring its gains, as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East. At the same time, the Treasury 10-year yield held near Wednesday's high of 4.85%, a level last seen in late 2023, after the US government's plan to buy up to $6 billion of longer-dated debt disappointed investors who had expected a larger increase. We speak to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. For more analysis on the markets, Bloomberg's Avril Hong spoke to Eastspring Investments Portfolio Manager Christina Woon.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Treasury Secretary Scott Bessent challenged traders to counter his efforts to strengthen Japan's currency, saying when he makes market calls these days he's effectively doing so with inside information. Bessent, a former hedge fund executive, was reviewing occasions when he's intervened in markets, including the joint purchases of yen he mounted with Japan's government on July 31. While the yen initially jumped, gains ebbed in subsequent sessions, in part as traders highlighted the Treasury's limited firepower to deploy in foreign-exchange purchases. We spoke to Bloomberg MLIV Strategist Mark Cranfield. And - One of the largest institutions in South Korea, KB Financial Group, will be holding its KBFG Korea Conference. Bloomberg's Stephen Engle spoke to Gavekal CEO Louis-Vincent Gave.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. The yen extended Monday's rally to reach the strongest level since February, aided by rising expectations of a Bank of Japan interest-rate increase next week. Gains in South Korean chip stocks helped support Asian equities. Japan's currency rose as much as 0.8% to 153.16 per dollar after appreciating 1.2% on Monday. The latest advance suggests the currency's rally set in motion by the intervention push from Treasury Secretary Scott Bessent and Finance Minister Satsuki Katayama may be taking on a life of its own. We speak to Bloomberg's MLIV Strategist David Savage. And - Sapporo Breweries is shifting some production to the US from Canada due to 50% tariffs imposed on beer exports from the country, Chief Strategy Officer Rieko Shofu said. In an EXCLUSIVE conversation with Bloomberg's Shery Ahn, Shofu discussed how the No. 1 Asian beer brand in the US is impacted by tariffs, as well as the Iran war. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks rose after US technology shares advanced on Friday. Oil climbed after the US and Iran traded tanker attacks in the Strait of Hormuz. Bloomberg's Paul Allen spoke to Daan Struyven, Goldman Sachs Co-head of Global Commodities Research. And - in the US last Friday, yields were marginlly higher, more so at the front-end of the Treasury curve, given a very strong employment report for August. The American economy added 162,000 jobs last month. The data sparked a re-rating of expectations on a Fed rate hike later this month. Up next for investors is this weeks US CPI data. The Fed's September rate decision hinges in part of the data. Bloomberg's Avril Hong spoke to Deepali Bhargava, ING Head of Research and Chief Economist for APAC.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 U.S CPI and PPI reports and a focus on 3 stocks for the week ahead. In the UK – a look ahead to the next decision from the European Central Bank. In Asia – a look ahead to the 18th BRICS Summit in India. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks and currencies rose as investors pared bets on a Federal Reserve interest-rate hike this month, weakening the dollar. The yen strengthened, with traders lifting bets on Bank of Japan rate hikes and remaining vigilant to the risk of official action to further boost the currency. Fed Governor Christopher Waller said he'd be willing to support holding rates steady if price pressures continue to show signs of easing. Waller said his next decision on rates will be "heavily influenced" by August inflation data due next week. Waller's remarks helped weaken the dollar, but the yen rallied, strengthening against the dollar by 1.9%. For more, Bloomberg TV Host Shery Ahn spoke with Yujio Goto, head of Japan FX strategy at Nomura and Bloomberg TV Host Haidi Stroud-Watts spoke with Suresh Tantia, CIO of Asia Equity Strategy UBS Global Wealth Management.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks rose and oil paused a three-day rally after President Donald Trump played down the prospect of a prolonged conflict with Iran. The yen strengthened, gaining for a second session to trade around 158.44 per dollar, and keeping traders on alert for further intervention by authorities. Gains in Japan and South Korea helped MSCI’s Asia Pacific equities gauge advance 0.7%, with technology shares drawing attention after Broadcom Inc. predicted a boom in artificial intelligence chip sales. For more, we talked to Phil Palumbo, Founder, CEO & CIO of Palumbo Wealth Management. On Wednesday, President Trump said renewed US attacks on Iran would likely be short-lived and reiterated his claim that the US controls the Strait of Hormuz. Nonetheless, the return to a hot war between the US and Iran has jeopardized shipping through the Strait and continues to impact the global shipping industry for a closer look, Bloomberg TV host Shery Ahn spoke with President and CEO of Mitsui OSK Lines Jotaro Tamura.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks fell with bonds and gold as rising oil prices stoked inflation concerns and expectations for tighter monetary policy. Rising oil prices pressured bonds, pushing global yields to the highest since 2008, as traders increased bets the Federal Reserve will raise interest rates. The renewed surge in energy prices is compounding inflation concerns already fueled by government spending and heavy corporate borrowing to finance the artificial-intelligence buildout. For more, we spoke with Paul Aversano, Managing Director and Global Practice Leader of A&M's Global Transaction Advisory Group SEMICON Taiwan is underway in Taipei. It's one of the most influential trade show for microelectronic and semiconductor manufacturing. At the event, Bloomberg News Reporter Stephen Engle was able to speak with Hoton Chang, the Chairman and CEO of Grand Process Technology Corp, or GPTCSee omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Treasuries extended their declines and Asian bonds followed as renewed geopolitical tensions drove oil prices higher, fueling inflation concerns and expectations for further monetary tightening. The yield on the benchmark 10-year Treasury rose three basis points to 4.78% in Asian trading, the highest since January 2025, while Japan’s 10-year government bond yield climbed to 2.985%. For more, we spoke to Chief Investment Officer at Winthrop Capital Management, Adam Coons. After a big success last year, seeing attendance from major regional and international firms, Goldman Sachs is holding its 2nd annual Asia Leaders Conference. Live from the conference in Hong Kong, Bloomberg TV Host David Ingles spoke with former Dallas Fed President and current Goldman Sachs Vice Chairman, Rob Kaplan.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks and bonds fell after hawkish comments from Chair Kevin Warsh boosted bets on a Federal Reserve interest-rate hike next month. Oil rose as Middle East tensions flared. MSCI’s Asia Pacific equities gauge dropped 1.1%, snapping a four-day gain, with technology shares leading declines. The Kospi Index — a barometer for artificial intelligence investments — slid 2.5%, with chipmakers Samsung Electronics Co. and SK Hynix Inc. the biggest contributors. US stock-index futures also retreated. For more, Bloomberg TV Host Haidi Stroud-Watts spoke with Kieran Calder, head of Asia Equity Research at UBS. The big banks in China reported earnings with state owned lenders producing higher first half profits. The results offer fresh evidence of improvements in China's banking industry after a prolonged margin squeeze. For a closer look, Bloomberg TV hosts Yvonne Man and David Ingles caught up with Bloomberg Senior Banking Analyst, Francis Chan.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 August jobs report and a focus on 3 stocks for the week ahead. In the UK – a look ahead to state elections in eastern Germany. In Asia – a look ahead to South Korea inflation data. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Nvidia Corp., the chipmaker at the heart of the artificial intelligence boom, projected sales growth of 70% for the next fiscal year, sending its shares on their biggest one-day rally since April 2025. The company's shares rose 8.7% to $227.98 in New York on Thursday, adding about $442 billion in market value. For more on the markers, we spoke to Sunny Bangia. He covers Asia Equities for Bloomberg News. Plus - Asian shares posted a modest gain, while US stock futures slipped, as traders held back ahead of Federal Reserve Chair Kevin Warsh's Jackson Hole speech for clues on the path of interest rates. Bloomberg's Paul Allen spoke to Betsey Stevenson, Professor of Public Policy and Economics at the University of MichiganSee omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 2028, easing concerns that AI spending is poised to lose momentum. "We expect to grow revenue by approximately 70% in fiscal 2028," Chief Financial Officer Colette Kress said during a post-earnings conference call. Analysts have projected a rise of about 45% for that year, according to data compiled by Bloomberg. Moreover, Nvidia would be growing even faster if it had access to more supplies, she said. "Incredibly, we are seeing demand acceleration even at our scale," she said. "Customers' forecasts point to our growth doubling next year." We spoke to Daniel Newman, CEO of The Futurum Group. Nvidia's bullish sales outlook boosted stocks and futures, bolstering optimism that this year's rally in artificial intelligence shares has further to run. Bloomberg's Haidi Stroud-Watts spoke to Sean Darby, Asia Managing Director at Mizuho Securities.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian shares rose, led by chipmakers, as a decline in crude oil eased concerns about quickening inflation. MSCI's Asia Pacific equities gauge climbed 0.8%, with Samsung Electronics Co. and SK Hynix Inc. the biggest contributors. The regional benchmark was poised for a fourth gain in five sessions. Chip stocks had also advanced on Wall Street, with Nvidia Corp. snapping a seven-day run of losses before its earnings later Wednesday. We speak to Bloomberg's Executive Editor for Asia Markets, Paul Dobson. And - The newly established Asia Innovation and Technology Enterprises Going Global Summit aims to transition Asian tech firms from regional leaders into global players. Bloomberg's Minmin Low spoke to MindRank AI Founder and CEO, Niu Zhangming.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian equities declined as investors cut exposure to technology shares ahead of earnings this week that will test confidence in the artificial intelligence trade. The MSCI Asia Pacific equities gauge slipped 0.5%, with South Korean chip bellwethers SK Hynix Inc. and Samsung Electronics Co. contributing most to the decline. The losses followed a selloff in semiconductor giants on Wall Street that dragged the Nasdaq 100 Index down nearly 1% on Monday, while Nvidia Corp. posted its longest losing streak since 2022. We speak to Mark Cudmore, Global Leader of the Markets Live Team at Bloomberg News. Plus - Leapmotor posted reported a strong first half profit due to surging sales but the company's net income missed analyst estimates. Bloomberg's Yvonne Man and David Ingles spoke to Co-President Michael Wu. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks edged lower, with the artificial intelligence trade in focus during a week set to be shaped by earnings from chip bellwether Nvidia Corp. and the Federal Reserve's annual gathering. Bloomberg's Paul Allen and Haidi Stroud-Watts speak to Pepperstone Research Strategist Dilin Wu. And - China said it continues to support a diplomatic end to the US-Iran war, in a delayed statement released shortly before the US is set to unveil measures to punish Tehran's economic partners. Bloomberg's Haidi Stroud-Watts and Paul Allen spoke to Christopher Smart, Managing Partner at Arbroath Group.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 Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia. In the UK – a look ahead to a key meeting of French business leaders as they count down to a pivotal Presidential election. In Asia – a look ahead to Tokyo inflation See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian bonds declined and the dollar remained under pressure after a rally in Treasuries faded, with investors betting that US efforts to contain long-term borrowing costs through buybacks may offer only a temporary reprieve. We speak to David Finnerty, Bloomberg's FX and Rates Strategist. And - Alibaba Group Holding Ltd.'s profit plunged more than 75% after the company increased quarterly capital spending to almost $10 billion to safeguard its position in the global AI arena. Even so, Alibaba shares rose after the the company reported accelerating cloud revenue growth and better margins that offset fears over its AI spending. Bloomberg TV host Haidi Stroud-Watts and Paul Allen spoke to Arete Research Senior Research Analyst Shawn Yang.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian bonds and stocks gained as US plans to buy back longer-dated Treasuries to curb borrowing costs buoyed sentiment. The dollar steadied after sliding to a three-month low. We speak to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. And - Initial public offering pipeline remains strong with close to 10 international companies from regions in Asia and the Middle East. That is according to Bonnie Chan, Hong Kong Exchanges & Clearing Executive Director and CEO. She spoke to Bloomberg's Minmin Low. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks dropped as a semiconductor selloff deepened, with investors retreating from one of the year's hottest trades amid elevated bond yields and geopolitical uncertainty. MSCI's Asia Pacific equities benchmark slid 2%, with South Korean shares dropping 5.5%. Chip bellwethers Samsung Electronics Co. and SK Hynix Inc. both declined over 7%, tracking a semiconductor selloff on Wall Street. Kioxia Holdings Corp. plunged 9% in Tokyo. We speak to Bloomberg Asia Equities Reporter, Winnie Hsu. And - Pony AI Inc.'s robotaxi sales reached a quarterly high, now accounting for a third of total revenue, with overseas momentum continuing to accelerate. Overall sales in the second-quarter climbed 69% to $36.2 million, while robotaxi revenue surged to $12.1 million from $1.5 million, according to a Tuesday filing. The net loss grew to $59.8 million from $53.1 million a year earlier. Bloomberg's Yvonne Man and David Ingles speaks to Chief Executive Officer James Peng.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian bonds followed Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken. Treasury 30-year yields rose to 5.32%, a level last seen in June 2007. Oil prices advanced as prospects for peace in the Middle East dimmed, reviving concern that prolonged geopolitical tensions will threaten supplies and keep energy costs elevated. Global benchmark Brent rose 0.3% to $91.10 a barrel after President Donald Trump said he wasn't interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon. Bloomberg's Executive Editor for Asia Markets Paul Dobson breaks down the markets. Plus - in earnings news, BHP Group's full-year profit rose by almost a third, thanks to improved copper and iron ore prices that helped the world's largest miner beat forecasts, just as new boss Brandon Craig takes the helm. Craig, who started as chief executive officer in July, is focused on delivering a major pipeline of growth including expansions in South American and Australian copper — as well as its push into potash, a mineral used in fertilizer. BHP says it is targeting 3% to 4% copper equivalent growth per year up to 2035 — roughly double consensus expectations. Julia Lee, Investment Director at Shaw and Partners Asset Management spoke to Bloomberg TV host Paul Allen.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Japan saw economic growth slow down unexpectedly in the second quarter with Real GDP growing at an annual rate of only 1.1%. The weakness reflects a slump in capital spending, given uncertainties stemming from the conflict in the Middle East. This potentially complicates the Bank of Japan's policy communications as it weighs the timing of its next rate increase. For more, Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke with Homin Lee, senior macro strategist at Lombard Odier on the Asia Trade. The AI race in China is making a shift towards cyber defense. Z.ai has announced that its latest model, GLM-5.3, is designed with cyber defense in mind. For a deeper look at the AI race in China, Bloomberg TV hosts David Ingles and Yvonne Man spoke with Bloomberg Strategist Anthony Stephens and Bloomberg Analyst Robert Lea.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 S housing data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Europe inflation and PMI data. In Asia – a look ahead to why the persistent weakness of the yen is a troubling issue for Japan’s policymakers. See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific.Asian stocks rose, adding to a fourth week of gains, as moderating US inflation reinforced bets that the Federal Reserve will refrain from raising interest rates next month. Technology stocks extended their rebound. In Asia, the yen remained within striking distance of 160 per dollar, even after Prime Minister Sanae Takaichi’s government was said to support an interest-rate increase. The Japanese currency was little changed Friday, near 159.43 per dollar. We get reaction from David Finnerty, Bloomberg News FX & Rates Strategist. Plus - even as Treasuries rallied Thursday, the US sold 30-year bonds at the highest yield in a quarter century, underscoring the premium investors are demanding to finance the nation’s deficits. Meantime, back-to-back benign inflation prints, following last week’s softer-than-expected jobs report and a pullback in oil prices, are easing pressure on the Fed to tighten policy at its meeting next month. For more on the broader market backdrop, we hear from Tim Waterer, Chief Market Analyst at KCM Trade Global.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Asian stocks rose as technology shares rallied and a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent crude snapped a six-day rally, while attention was also on the yen as it traded around the key level of 160 per dollar, keeping investors on the lookout for more intervention by officials in the foreign-exchange market. We speak with Mark Cranfield, Bloomberg News MLIV Strategist. Plus - caution prevailed after Cisco Systems’ earnings failed to impress, sending its shares lower in extended trading. Cerebras Systems tumbled 17% after sales declined at its hardware business. For more on the state of the AI trade, we hear from Arun Sai, Senior Multi Asset Strategist at Pictet Asset Management.See omnystudio.com/listener for privacy information.

Business and finance news from the Asia-Pacific. Sentiment toward technology remained buoyant, with CoreWeave Inc. surging 16% in extended trading after booming artificial intelligence spending drove stronger-than-expected sales growth. Super Micro Computer Inc. rallied 7.6% in the post market after its revenue forecast topped estimates. The robust tech earnings helped MSCI’s Asia Pacific equities gauge advance 0.4%, with South Korea’s tech-heavy Kospi Index adding 2.8%. US equity-index futures were little changed. We hear from Xi Qiao, Managing Director and Financial Advisor at UBS. Plus - the yen was little changed around 159.33 a dollar. Investors are watching the currency as it approaches the key level of 160, raising concern that Japanese authorities will intervene again. The dollar weakened against most of its Group-of-10 peers. We discuss the yen story with Michael Ball, Bloomberg News Macro Strategist.See omnystudio.com/listener for privacy information.