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Daybreak australia. Im paul allen in sydney. Im annabel ruelas in hong kong. Were counting down to asias major market opens. Good evening from bloombergs World Headquarters in new york. Im ryan. The top stories this hour, us stocks slide into the close on bets an improving economy will keep rates higher for longer. Dollar strength sinking apac currencies to this years lows. China said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. Plus, decision day for the reserve bank of new zealand with cooler inflation a...

Youre watching daybreak. Asia coming to you live from new york, sydney and hong kong. Were counting down to asias major market opens the top stories this hour. Asian stocks set to follow wall street lower as strong us retail sales signal rates may be higher for longer. Dollar strength sinking apac currencies to this years low decision day for the reserve bank of new zealand. With cooler inflation and higher unemployment supporting another hold. Plus, china said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. ...

Economists were expecting at least a 4 . Property investment is a sore point, still eight. 5 down. Worse still 8. 5 down. A slight pickup in the jobless rate. I cannot seem to find a be. It seems like a miss across the board on activity numbers coming through. We are still waiting on some other numbers. In some ways we thought this would be soft but not this soft but the rate cuts in the seven day. Markets are not really reacting as much. Yvonne currency continues to be something traders are ignoring, pboc fixes given the pressures we are sitting on the currencies. Yields are taken higher glob...

North and south korea have held talks for the first time in more than two years. A week ago the north was threatening nuclear war so this is progress of a sort. Two important things came out of these talks. First, an agreement to hold more talks to ease military tensions on the border. Second, north korea will send a large delegation to the Winter Olympics in south korea next month that will include athletes and cheerleaders. The talks were held here in the demilitarised zone that separates the north and the south. You can see the demarcation line with the demilitarised zone either side of it....

Generators are on their way. Jan carabeo spoke with residents still dealing with the inconvenience. Reporter Major Repairs now needed at this peco substation in north philadelphia. After a massive fire here melted the equipment into a pile of metal. The first order of business for workers, though, restoring power to the estimated 36,000 customers who were initially left in the dark. Peco made steady progress overnight, with thousands of customers remaining powerless into the morning, and that may made getting ready for work a challenge. Like getting dressed, flames like in the bedroom. Getting...