Facing. Really reminiscent of that merce outbreak in 2015. We saw that 10 billion extra stimulus package back then. Because of this, we are seeing the markets under pressure, but one exchange that im watching is small caps in china. Actually at the highest level since october 2016. We have seen those pboc Monetary Policy measures. Not to mention more news that china could be taking over a hardhit industry. Lets get a broader check of the markets with Sarah Ponczek. Pretty much Everything Else is now trading in the green as the trading session does progress. We have seen markets turn lower under further pressure. 0. 2 but still on track for its best week since june. The hang seng now down 1 . Many times this week we have seen the benchmark approach 50 day moving average, but we have seen it fail as we have seen today. The nikkei roughly flat, but modestly lower. After trading as high as a half percent early on. Then we see the south korean kospi and underperform her across the region on
We will talk predictions for Tech Companies in the new year, as well as what tech trends we will see in the next decade. The battle for tech privacy in 2020. Wednesday marks the official start of the California Consumer privacy act. This law is meant to give users transparency on what Data Companies collect about them, as well as the right to Block Companies from selling that information. For a look at what to expect this year, in the battle to protect Consumers Digital lives, i talked to reece hirsch, a partner at morgan lewis. Also with him, eric newcomer, who covers the intersection of tech and government. You know, this is probably the most important privacy legislation in the United States today. It is an economic powerhouse. We dont have a federal privacy legislation, so this is important for California Companies and users in california, but also all over the United States. It means that companies are going to have to disclose what data they collect to users, and then let users d
Protests take their toll. Shery china continues to push the liberalized market with a more flexible loan. Japan and south korea have come online. Lets get straight market action. Offie the nikkei 225 is. 3 . Best court of the again since 2016. Asian stocks are drifting toward the year end. We are digesting the latest figures. We are going to be getting hong kong trade numbers. Taking a look at was going on in sydney. We are seeing shares snap a threeyear game. Paul lets get you uptodate with the first word news. Wildfires in australia are expected to get worse this year week amid rising temperatures. 122 millions of million acres of land have burned. Nine People Killed and over 950 homes destroyed. Scott morrison says that firefighters battling the fires in New South Wales will be compensated. This is putting additional demands on our firefighters in particular. It means the turnouts and the callouts have been far more extensive than in previous years. This is beyond and above what is
Doesnt mean he wont go through with it over the next couple weeks. Taking a look at where the nikkei is, ending the year lower by 0. 5 . The nikkei recovered 50 of its slide since its record in 2009. Goldman among those expecting some kind of lift for japanese stocks in the coming year. Fromys japan will benefit a Global Economic recovery. Lets turn the page and look at where we are in terms of currencies. We know it has been a quiet volatility at a five year low. If history is any guide, the , it ishe currency to buy a favorable month and it has risen seven out of the last 10 years. The hong kong dollar, it may be six months of the protest, the hong kong dollar said to have its strongest month in 16 years. This is how it is looking at this point. David since 2000 three, that was the last time we saw a gain of this magnitude for the hong kong currency. We are looking ahead to the open in india, it was quite a steep gain we had friday although i should point out, depending on which inde
That wascal leaders challenges both internal and external. How long are you willing to take before you take legal action . We are very patient. Like china is allowed to have industrial policy. All Central Banks are moving towards lower rates and i dont think china can escape that. Warhe headlines, the trade has put america on their heel as far as investing in china. Facedancial leaders have in the economic future. Medium term policy continues to be positive. It is straight ahead on this special edition of bloomberg best. Hello and welcome. On this special edition of bloomberg best, we will look back at 2019 in asia by revisiting some of the years most interesting interviews with newsmakers, policymakers and leading figures in business and finance will stop lets begin with the conversation with a powerful than figure at the center of the chinese economy. Never conducted an interview with foreign media until he sat down with bloomberg. Began on then topic of trade negotiations between ch