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tv   Bloomberg Markets Asia  Bloomberg  April 28, 2024 11:00pm-12:00am EDT

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yen tumbling past another psychological milestone for the first time since 1990, raising questions about a lack of intervention. asian stocks building on their best week of the year, head of corporate earnings and a fed decision. chinese equities heading for a bull market, and elon musk making a surprise trip to china on a mission to reverse tesla's revenue decline. let's get to our david ingles on the big moves, the hunt saying index posed for -- the hang seng index posed for a bull market. talk about reversal of fortune. david: it is something. what seems different, and i have to look at it, last week, we covered it extensively, it was only hong kong that was waking up to some of the big price moves and the volumes and flows coming into the stock.
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and in case some of our viewers mr. that, single day, from the start, from when the chinese markets came out of the spring holiday early, there was only one single day where they had outflows, so that is one part of the story. hong kong has done well. the best week in 12 years yesterday. you are getting onshore market starting to come alive. 30 minutes, and at one point, one point 4%, and you are also getting pockets of the market that were not participating in the rally last week. if they are doing really well, you have regulatory news coming through, easier entry and exit procedures, and that was announced sunday, number one. number two, we are also trying to get to the bottom of this big move up, and arguably the weakest sector market wise out there, and equal wise, it is also a lack of pillar of growth,
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but property is up 10%. we don't normally see that move up this much. as a percentage of it being able to move the market, it is not as big because they are small caps, and on the weekend, you had some of the measures relaxed, and a part of other things being discussed. in other words, the skies are aligning for this to come together. i should note that this has taken place against the backup of a stronger dollar, probably down to what is happening with the japanese yen, a different conversation altogether, but we are getting a lot of momentum coming through. the lowest indicators suggest there is strong upside over the short term. i will leave you with this, we spoke earlier on about two hours back, it is still a technical trade for them, and he thinks we go to 64 on the specific index.
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haslinda: but this is the market that has been very headline driven. jitters in the market, and now perhaps to see a reversal in a matter of what headline? david: what you are underscoring is policy risk or the risk that one piece of news negates everything else we have seen. all that said, it underscores weakness macro wise. so far, all the people we talked to consider this a technical trade. it is the easiest one to reverse. what has really made money for the backer funds was maybe long u.s. or japan, short china. what happened last week on price, if you outperform or delivered alpha because you were underweight china, you might need to rethink that to preserve the performance.
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your 200 day, for example, with the hand saying china -- hang seng china, we have taken it out and it remains to be seen if earnings are able to deliver the fundamental story because i will bring in another report out of bloomberg intelligence, they released it sunday, earnings growth that is still a u.s. story, 17%. we had a bloomberg global index, 128 stocks, bloomberg intelligence crunch the data, and companies that have reported earnings so far and expected earnings, they put the data together, it is easiest the u.s. market story and flows are coming into the chinese market this monday morning. haslinda:. starting to see them leading that rebound. let's get to the border markets, and working out with yen reaching 160, avril is on top of
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thosea stories. avril: all those factors that play for asia specific markets, david talked about the run-up in chinese equities, and among the reasons for why we are seeing the sentiment shifting for the chinese markets is what the are hearing from the fed higher for longer narrative, and perhaps shifting investor attention to these cheap chinese stocks, and the fed needs this week, and we are expecting jerome powell to start sharpening the hawkish rhetoric, especially after a stream of inflation with upside surprises. that said, we did get data out on friday, which showed us how the pce numbers the monthly data is actually helping to ease some of those concerns, but let's take a look at what you have seen on dollar-yen because you can see that that is really what has captured investor intention.
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part of this is after the dovish hall from the fed last week, and then also looking at the presser, not quite signaling concern related to the yen weakness, so it popped up above the 160 level, and perhaps not quite surprising given how japan is on break today and there is dinner liquidities, so there are a number of superlatives that the yen has hit against its peers, whether you look at the dollar, the chinese yen, and this is a time where we are looking to watch the boj intervention. it is also about the piece of the depreciation. it is raising questions about the credibility of japanese officials. haslinda: the yen down 2% last week. that is rampant, if you ask me. let's get perspective from bank
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of america securities. good to have you with us. some say this again reaching 160 past to do with -- 160 has to do with what has happened, but a lot of people are may be thinking how much you can go lower tomorrow -- can go lower. >> is a difficult position the boj finds themselves in because if you intervene, really, the most important is you have to be credible, and that issue comes right against the issue in terms of u.s. data and the yield that is presented to themselves. so it is not just a question of credibility but how to calibrate, particularly with an incredibly -- particularly with an equity. haslinda: they have come out to say that they will intervene if it sees rapid movement. what exactly? he says it you see a 10-year
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move within a month, seven in a month, about 2% in a week, and 10% of the year, that is massive. claudio: it is. one of the key conditions we were looking for has been triggered, and that is seeing one month in volatility of dollar-yen moving above the 10% threshold, and that is where the market is starting to get dislocated. we saw a couple of weeks ago, the trilateral statement from the ministry of finance, japan, united states, closely focusing on the functioning of markets, and if we start to see more in volatility come in, or what was noticeable last week was that the rest of asia was relatively calm, and then indonesia did a surprise rate hike, which suggests people are starting to get more worried about what it means for other currencies in the region and that is the other threshold we need to watch, is the yen a problem for the rest of asia, as well as u.s.
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treasury markets and jgb markets? haslinda: it could be a problem for the yuan. yuan bulls would want to see intervention in the yen. claudio: absolutely, and if we don't, maybe we get some moving the dollar in indy. -- dollar renminbi. cpus might be a little more relaxed on that front, and we might be willing to concede to some movement. we have also seen it move ahead, incrementing on that 0.10 level, so that made you factor they are preparing for, with adjustment on their side. and then from q3-q four. haslinda: the thing is for japan, there is reason to exercise your constraint. in higher for longer, we do not know what the fed will or will not do this year. i guess, could it put its
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credibility into question if it just does not do anything? claudio: again, it depends on this behavior of the market. yes, you can examine this as being somewhat fundamentally explained, but it is also important to say that a lot is priced into market in terms of the fed and hawkishness, and you can see rate cuts priced in, so a lot of the damage has been done in taking back those fed easing calls. as long as they can adjust the currency in an orderly manner, i think we are ok, but it is important when we see these 30 year level sticking out of the market. it starts to have more meaningful consequences for everybody, so they have to try to come and stabilize the situation. haslinda: you have to question how much is needed to support the currency, given that you don't know how high the dollar might go. what is a level that is comfortable for the boj and the
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ministry of finance, below 150? claudio: no, i think in a certain sense, if we got back to 150 level, that would be ok. and in some sense of what we are seeing, it is important to look at real exchange rates in the region. if you look at real effective exchange rates, the renminbi is at a 10-year low. if you look at korea, it is a similar position. it is important to not just look at the nominal exchange rates but the real value. and we are still faced by the fact that by that metric, the dollar is looking overvalued. the question is when does that dollar cycle turn, and we keep extending that in the u.s. economy with the economic outlook out. i think that just shifted to 2025, and that is where the grounds have shifted to, so i think everybody has now conceded that to the rest of the year we will see the dollar strength
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continue. haslinda: how much capacity do several things in this part of the world have to resist and wait for the fed? claudio: it's difficult. we are running on thinner ground . we just mentioned indonesia, we have the philippines, and thailand to a certain degree. but the point of the matter is, it is not just about the fx results, it is a fact about the state of the economies. you almost have the opposite situation to the u.s., who has great growth, sticky inflation, and asia has great inflation, but they have disappointing growth, and, in fact, asia needs rates lower, not higher. but, in the attempt to create fx stability, and indonesia still needs those inflows into the country, they have attempted to raise the interest rate on that bid, but it lacks credibility when you look at that there is
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no inflation or growth there, market coming back to that original proposition about having credibility, the market will say, how credible is it to keep in exchange rate value against the dollar when your underlying economy requires weakness, given the disappointing growth and no inflation? haslinda: given the scenario you painted, what would be the best rate? some say that the indian rupee would be the best kerry because it has an rbis that is ensuring stability, so what is the best rate? claudio: you have your inflator assigned re-fighters. india is in the re-theater cap. growth is good, and that is credible with their currency and they have the fx reserves to keep it where they would like. coming to the deflationary side, a timeout, a short timeout to 38 and 39 levels, and there is not much resistance to that because thailand's growth is
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disappointing, which shows them lagging behind, so from that perspective. indonesia, you have carry there, so it is a bit difficult to be short on that front, but it will lag behind, and the peso will also struggle in this environment. haslinda: we have to look at euro-dollar, as well, the divergence and policy. are we looking at the weakening euro-dollar as we head towards the end of the year esther mark we -- end-of-the-year? claudio: yeah, but it is a bit nuanced, we have to get some inflation data, as well, so we will need to watch how that pans out. maybe that delivers an earlier than expected ecb cut. but there is a glide from lower on euro, as well, and we think it is more gradual in terms of what is the gradual expectation. haslinda: one more question, the fed is front and center, and
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data coming out of the u.s., how does it play out and shape the fixed income? claudio: like a lot of the street, we think they will cut to december. it is hard for jay powell to hold to the market. it is hard to say that they think their current stance is not restricted sufficiently enough, so we think those are off the table for the moment. he just has to be this -- to be in this annoying market watching mode, but it does push things out further for longer. haslinda: we will have to leave it there. still ahead, startups in india have seen funding valuations fall. we speak to a vc who is bullish on the countries emerging businesses and the beauty and food sectors. we will be joined by them later this afternoon. keep it here with us. this is bloomberg. ♪
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haslinda: welcome back. elon musk is in china on an unannounced trip, seeking approval for driver assistance software that could help to raise tesla's revenue decline. we heard from the ceo in
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beijing. >> good to see electric vehicles making progress in china. haslinda: let's bring in our chief north asia correspondent in beijing. of course, the timing is interesting. he just delayed his trip to india. you feel like there is a sense of urgency to the trip. >> there is. he has postponed the trip to india that was supposed to happen last week, and that would have included a meeting with modi. there are other challenges in the indian market to entry, especially on the tax front. and he would also like spacex's starlink to go into the indian market, but there are more pressing issues after coming off the first year of your decline in quarterly revenue since 2020, tesla is cutting headcount looking to accelerate new models, but it comes at a time when the regime autoshow is going on.
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i was there last week on thursday and friday, and i had not really caught up on the ev experience, if you will, and the developments of the market since the last time they held the last time they held autoshow here in 2020. four years was a long time, and the chinese makers have upped their game. we saw that on display, whether it was byd or the tech players. they are really offering tech laden cars, ev's, were tesla was not even a thought or show. they had no new models to offer, and, look, they are early adopters and they would like tech at home and in their car. so, tesla i think see some urgency. you mentioned that software, that autonomous driving software is not fully autonomous, but it is the full self-driving system. it is not make it fully economists, but it is key to tesla's revenue stream at a time when revenue is down. in the united states, they
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charge $8,000 for that system on new tesla's or a $99 a month subscription. i would assume, it is applied to get approval in the chinese market. however, there are hurdles, there are lots of cameras, data security, and safety concerns. he obviously went to china and he knows the premier, the former communist party chief and shanghai, when he got approval for the tesla plant, the most productive, by the way, for tesla in the world, built on the outskirts of shanghai, and this man here was the one who essentially approve that, so he flew in at 2:00 yesterday afternoon with a quik-trip, met with some other people, and we are hearing from sources, and i don't usually like to report rumors, but we are hearing from some sources that he may have already left area we will track his plane and see if that was a quick one-day trip to china. i usually make quick trips to
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china like this, but nothing like elon musk, one day to china and back. haslinda: i suppose you can do that when you have your own jet. you talked about how tesla would like to reverse its revenue decline, but how? stephen: yeah, again, they need to offer better and more models because like what we saw at the autoshow, clearly, showing byd and the other players, tapping into exactly what local players would like. the legacy automakers, you know, are playing catch-up, as well, because the new buyers in china know what they would like and the chinese makers are making what they would like. yes, there is a massive price were going on, too, which will help some cars but it will hurt profitability, so there will be consolidation but tesla needs to offer more mid-priced cars to compete with the top list of car selling in china. i caught up with bill russo, a
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longtime auto analyst, and here's what he said about tesla's problems in the china market. bill: tesla saw the signs of the is already on the horizon in china. and they are not even here at the autoshow. they have no new parts to brag about that are relevant to the chinese consumer. it is these companies, the disruptors like huawei and many other different brands who it needs to watch right now. stephen: i talked earlier about those regulatory hurdles for the fds system. we did get a statement coming from the china association of auto manufacturers that came out yesterday afternoon, coinciding, coincidence or not, with elon musk's arrival, giving or saying that tesla's model 3 and model y have passed data security reviews. keep in mind, tesla has kept its data of its chinese customers and cars in china, unsure, as
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required by chinese law since 2021. so tesla is doing the steps to remain compliant but they need to get over the hurdle to get a full self-driving system approved in china. haslinda: thank you. our chief north asia correspondent on elon musk in china, where he says he is meeting old friends. plenty more ahead. keep it here with us. this is bloomberg. ♪
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haslinda: welcome back. we are keeping a close eye on china stocks, gaining momentum, reversal of fortunes, confidence seems to be building. take a look at where we are at stocks, in particular, powering ahead, raising higher, and
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investors are buying into the narrative that real estate is finally rated to shake off the gloom. we are talking about how they are of currently more than 18%, cipher holdings -- sci-fi holdings up, -- cifi holdings currently up. plenty more ahead. keep it here with us. this is bloomberg. ♪
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haslinda: welcome back, china markets heading to lunch, and the mood is bullish. take a look at the csi 300 index of 1.5%.
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bear in mind that industrial profits announced over the weekend actually pointed to sluggishness, but not enough to dampen the spirit we are seeing today. property lifting the rally we have by china. shanghai comp up and that yuan at 7.2462, 30 much unchanged. avril hong is on top of the. what are run for the hang seng index. avril: if you take a look at the way that it has come up 20% from recent lows, but when you highlight the bullish mood i think that speaks to how that is a low base. it is a recovery nonetheless, and let's take a look at some of the factors underpinning this, because we have seen analysts call the bottom on chinese equities before. they have been proving wrong,
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but this time around the run-up seems to be fueled by following the gdp upside surprise for the first quarter, and subsequently analysts of rating their forecasts full year for the chinese economy, but also i think this is all speaking to what we see on how cheap chinese stocks have become. they have also been seen as an alternative out of u.s. growth stocks given the fed's higher for longer narrative. the property sector, these are some of the counters we have seen run-up today, and this is against the backdrop of how the chinese developers index, the bloomberg gauge of it, they have been seeing a massive surge, in this is not something you typically see on this gauge. haslinda: the fed and focus on the recalibration and impact on asian currencies. avril: that worry coming through
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about whether it was going to be 6 to 1 and perhaps no cuts at all from the federal reserve, and that seems to be fueling what we see on dollar resilience. this week we could really see the central bank sharpen its hawkish rhetoric, and that is what is a play when it comes to dollar-yen especially after the boj's job is, so dollar-yen perhaps unsurprising given how japanese markets are said today. those big spikes above 160, moving back a bit lower now, but we are seeing volatility raising concerns about whether we will see japanese officials step in. let's flip of the board and take a look at what we are seeing, because it is not just how it has weakened against the greenback, record low against the yuan, the euro, and they
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might be waiting up for yen intervention. it this is the weakest level since 1990. back then it was a very different looking chinese economy, and out its relationship has fared since then with the japanese market. haslinda: where is the redline? when and where we will see intervention. let's dig deeper into markets and bring in mark cranfield. hong kong stocks are fed a massive run, you're talking of bull market, world beating. what is the story? >> this is to sentiment shift and there are couple of things that have come together to fuel it, because it is not about the data. over the weekend that china industrial profits were disappointing. there is still sluggishness in the chinese economy, we can point fingers at two different
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directions. elon musk, thank you very much, and analyst reports at the end of last year seeing the property market is about to turn, so the people who have been negative on evergrande and likely so finally saying it is time to turn and look at property seriously. at the ribbon a couple of small incidents, some of the legal cases and hong kong have given more time for property companies to come together with a plan, so that is positive as well, but it is a massive shift of sentiment. chinese stocks have been undervalued and let's start putting money toward. haslinda: what effect will this really take? will it be straight lineup or volatile? >> it is difficult to imagine a straight line, because of the background you have uncertainty about the currency. they have been keeping the yuan strong artificially against the
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dollar. the trading partnership between the two countries is so big. china cannot afford to allow its currency to be too strong against the japanese yen, so now it is a buying time for itself. can it wait longer hoping the japanese authorities come in intuitive favor. that in the background for investors is a big question mark, because if you start throwing money into the chinese market and there is a risk the currency does not do what you want, there was a risk you will lose. haslinda: and the yen, the minister of finance is missing in action. what will it take? >> we could to be in a point where sometimes all it needs is for traders to seek a significant number. when 60, maybe -- 160, maybe that is where it is. even without japanese
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authorities getting involved, they may said to themselves this move is so big, you might see them start taking money off the table just on the basis of that alone. you might not even need something, but we do have an fomc meeting this week, and if jerome powell is a bit more hawkish you could see dollar-yen go even higher on the back of their. from the japanese authority point of view i am sure they would like to see what jerome powell has to say before they commit themselves. traders themselves may decide this is enough and we will start to put in a little bit of money into the gun from here. haslinda: how long can it resist? >> it is very difficult because it is a one-sided situation. haslinda: the movements have been pretty rapid. if it is 2% in one week, is that assigned to worry? >> we start to get into the realm of credibility issues, because all of the things japanese
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authorities of said, he said in february that when the yen was by 10 big figures i am very concerned. that 2% moves last week was a big move in the context of dollar-yen when it was already high anyway, so it is broken all the thresholds of their tolerance levels, and they still have not moved. in a way, something needs to happen. either the market is it for them, or they do, because otherwise people will not believe there was any bite it all for what the japanese authorities are saying. haslinda: there is so much uncertainty in terms of how high the dollar can go, how low they yank go and what happens to the yuan. >> intraday volatility is lovely. there is nothing more than they like it then big swings during the day. what they do not want to is where there is no chance of doing option trades, looking at cross rates.
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for the moment fx traders are in heaven, the authorities may have a different view of that. haslinda: in terms of the best trade, what are you hearing? >> if you look at the emerging markets phase there are currencies being beaten up but unfairly. they have been following the japanese yen, so you can look across asian currencies, latin american currencies, they could probably rebound quite heavily if the yen stabilizes. haslinda: you may want to buy those currencies right now. we think you so much for your insight. we speak to a vc bullish on indian startups even as evaluations and funding love challenge. a founder and managing partner joins us next. this is bloomberg. ♪
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haslinda: welcome back to "bloomberg markets: asia." india starts trading in just under four minutes. we have futures pointing higher but putting much in line with the rest of the region. other benchmarks in positive
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territory. we are keeping a watch on stocks like tsuzuki. asked -- reported better-than-expected quarterly profit and has been one of the best performers. india looking to join the gains and the rest of the region. prime minister narendra modi has long been vocal about wanting to transform india into a developed country by 24/7, but oxford says he has a long way to go before achieving that goal, which would require a sixfold increase in the country's gdp. let's bring in our south asia economy editor in new delhi. take us through what is needed for india to get there? >> good morning. the developed country go the
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prime minister has set is a task that is come to defined prime minister modi's economic vision for his third term. it all started in august 2022 when he first talked about the goal, and now it is become a part of the policy lexicon being seen pretty much everywhere from official speeches to government presentations, and even that central-bank staff members have put out a report for that. having said that, reaching that goal is not going to be easy. we have reached out to various economists, and what we learn from oxford economics is that it would require the country's gdp to grow sixfold from the current level, $3.75 trillion to $23
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trillion. it will have to increase per capita from a range of $2400 to $13845, which means the benchmark by threshold the world bank is sent, the country will have to consistently grow at a pace of 8% for the next 24 years , and that kind of a pace has been maintained by a country like china and still it is not a developed country, and for indigo to be able to meet the 8% level on a consistent basis for the next 24 years is going to be a tall order. haslinda: it is about metrics, not just about per capita income. what of the other metrics that can be used to assess whether a country is developed, and when you use those metrics, it is india lie? >> there is no one particular
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definition that a country can use to reach developed country status. there are different metrics being provided by the world bank and the united nations human development index, but besides economic prosperity, one also looks at the education levels, the health, and there is where we do say there is a long way for india to reach the level that has been set up by the united nations as well. india currently ranks on a median level on the u.n. hdi index at 0.644, and there will be a long way to go. we have spoken to various adolescent economists. india needs to work on some of these metrics in order to achieve that goal of a developed country by 2047. haslinda: thank you so much for
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that. let's stay with india, it has the third-largest ecosystem in the world with the major focus on ai and emerging technologies. our next guest owns a vc fund and investing consumer products and services company. let's bring in the founding and managing partner. good to have you with us. we will take a look at venture funds in india at a pretty much slowed over the past few years. do you see a reversal? >> all that the vc's we see are very optimistic about the entire ecosystem. i think that a lot happens just under the surface which is not visible if you are not coming to india frequently, but all of us that are investing in look at what is happening in india,
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there is a lot of action and activity. the strength this year from an investment perspective. haslinda: talk to us about the action you were talking about. which sectors in particular are attracting investments? >> ai, generative ai is the flavor of the season. i think india is much more broad-based when it comes to good, so when i look at technology generative ai has interest from vcs, both early-stage and later stage. we are looking at deep tech companies. there is hope that deep sciences and the search space will give us -- on the consumer side as well we are seeing because india is underserved and we have such a large, cohesive market unlike a lot of regions, so when pretty
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much all of the sectors you can expect to do well, whether it is beauty on the consumer side, vitality helps. it is an area focus for all of us consumer vc's. haslinda: put some numbers to what you were saying. when it comes to vc's, and much investment do you think vc's will put in india in the next 2 to 3 years. >> there are about 1500 vc's working in india right now, and i think we have got enough dry powder, may be upward of a couple of billion dollars available in the early stages. high bulk of it on the tech side . on the consumer side, the
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interest in beauty tells you a lot about how they are aspirational now, so it is not just value for money or the cheapest product that works in india now. products and services where the consumer is willing to pay a lot more, so i think we have got a lot of dry powder in indian for india focus companies. haslinda: you talk about how you were optimistic when it comes to this space, and returns on investments are pretty challenging. how are you looking at that? >> this is set a lot, especially overseas i hear this a lot, but when we look at the domestic market, we are a five-year-old fund, and we have already done two cash exits which is decent.
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we have a big ticket return. a very successful ipo, a competitor in the delivery spaces also headed to the ipo, so there was a draft of ipo'ed that are scheduled to have happened. i think of 2016, for a skincare company to go to ipo in such a short period is impressive. on the consumer side, platform players, exide -- tech side, so maybe there is a new lens to look at the exit. haslinda: if it is so attractive, are you seeing investors come to india, perhaps from silicon valley? >> i was in singapore recently earlier this month that i was talking to potentials there.
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i was in the u.s. earlier in the year, and again india is really hot. the point is we need to understand india. you guys understand china, but there was a language barrier there. there is talent, democracy. we have a highly educated workforce available, so spending a little bit of time to understand what is happening over here is what i would tell investors. but yes -- haslinda: thank you so much for your time. let's do a check on india markets, we are seeing gains across the benchmarks in india. joining in the rally we are seeing in asia. we are seeing that strong rally
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in china stocks in particular. the nsc index. we are keeping an eye on stocks with reported profits beyond expectations, demand continues to be strong in the world's most populous nation. icici bank of. beating estimates by about 1%. pakistan's central bank widely expected to hold rates at today's meeting, but bloomberg economic season 100 basis point cut. we will have more on the state of the economy next. keep it here with us. this is bloomberg. ♪
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haslinda: pakistan's central bank is widely expected to stand pat on rates on monday, but bloomberg economic says it could carve and easing cycle by cutting its rates by 100 points. let's bring in our guest. we have inflation lingering in pakistan. that is a key consideration. >> absolutely, interest rates
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are it record highs. what is happened recently is that inflation is still high, but we have seen it come down in the past few months, and right now inflation has dropped to below interest rates with the first time in three years, so some economists including bloomberg economics expected the interest rate cut cycle to start from later today when the central bank means, but in a bloomberg survey there are a number of people who expected to remain unchanged. haslinda: it is also about the imf program, a decision is expected later today. what are we expecting? >> that key decision as well, so what we have seen in the past month is more people have gone
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from a cut to a decision, and one of the reasons is the imf, because analysts say that the imf likes to keep rates more tight, and pakistan will not make a decision that would possibly impact their negotiations. there are two programs are being discussed right now. the imf board is expected to approve the relief of a $1.1 billion loan later today, and there is another new program, discussions going on. the prime minister just today and discussions for a new longer-term program, so pakistan will not do anything to hurt a program. haslinda: thank you so much for that, our pakistan bureau chief. let's take you back to markets where we are seeing a surge in terms of the gains in hong kong
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and china, property stocks driving tech also. i'm staying by 1.3% taking it's against to 20%. we are also keeping and plays powering gains helping to lift onshore indexes, it investors buying into the narrative that real estate is finally ready to shake off the gloom. the yen currently 159.3
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. food isn't okayjust fuel to live.for.
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it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open endless possibilities for people to thrive. visit feedingamerica.org/actnow
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