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Speaker 1: Boom, Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: News when you want it with Bloomberg News Now, I'm

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Speaker 2: Brian Curtis. In Hong Kong, Ukrainian foreign Minister Dimitro Kuleba

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Speaker 2: said that he met with his counterpart from China, Wang Yi.

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Speaker 2: The two met over the weekend on the sidelines of

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Speaker 2: the Munich Security Conference. According to Kuleba's post on x

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Speaker 2: they discussed bilateral relations, trade and the need to restore

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Speaker 2: a just and lasting piece. In his words, Wog reiterated

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Speaker 2: China's position on Ukraine to promote peace stocks in their meeting,

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Speaker 2: he said the country would never add fuel to the fire.

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Speaker 2: According to a readout from Beijing, Asian shares rose as

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Speaker 2: Chinese equities resumed trading after a week long holiday. Some

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Speaker 2: of the data from the past ten days of the

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Speaker 2: Lunar New Year had lifted sentiment. Chinese travel and spending

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Speaker 2: over the holiday exceeded levels from even before the pandem,

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Speaker 2: but Bloomberg's James Meger thinks that the boost may only

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Speaker 2: be short term.

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Speaker 3: There was a lot of hope that this might mean

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Speaker 3: that they would be a recovering in stock market, but

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Speaker 3: I think people are looking through this and looking at

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Speaker 3: the broader economic challenges, which is not going to be

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Speaker 3: fixed by one strong holiday season.

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Speaker 2: And that's Bloomberg's James Meger. Well, it may be a

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Speaker 2: holiday shortened trading week, but it's going to be a

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Speaker 2: busy one for earnings. Bloombergs Nathan Hager has more.

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Speaker 1: It kicks off Tuesday with two big names wal Martin

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Speaker 1: Home Depot, but the pivot point for investors could come

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Speaker 1: Wednesday when we get results from AI Chip, Giant, Nvidia.

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Speaker 1: Amy wu Silverman is head of Derivative Strategy at RBC

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Speaker 1: Capital Markets.

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Speaker 4: There is a lot of FOMO, and one of the

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Speaker 4: footprints of FOMO in the derivatives market is this outsize

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Speaker 4: bidding of call options to almost a historic degree in

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Speaker 4: some of the megacap tech names. Would continue to see

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Speaker 4: that and that typically drives more positive momentum.

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Speaker 1: We also hear this week from Rivian Etsy Currig, Doctor

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Speaker 1: Pepper Maderna and Warner Brothers Discovery. Nathan Hager Bloomberg Radio.

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Speaker 2: That's Bloomberg's Nathan Hager. Chinese stocks are seeing modest gains

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Speaker 2: as markets open up after the Lunar New Year holidays. Earlier,

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Speaker 2: there was anticipation of broad gains on the back of

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Speaker 2: strong travel and spending data, but the lackluster markets suggests

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Speaker 2: doubts about China's long term prospects as the economy struggles

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Speaker 2: with deflation and a property crisis. Foreign direct investment into

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Speaker 2: China last year increased by the smallest amount in some

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Speaker 2: thirty years. Bloomberg's Juan Wong has more from Hong Kong.

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Speaker 3: China's direct investment liabilities and its balance of payments rose

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Speaker 3: by thirty three billion dollars last year. That was eighty

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Speaker 3: two percent down on twenty twenty two, to the lowest

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Speaker 3: level since nineteen ninety three. The data highlight how foreign

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Speaker 3: companies are pulling money out of China due to geopolitical

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Speaker 3: tensions and higher interest rates elsewhere. FDI actually fell in

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Speaker 3: the third quarter of last year for the first time

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Speaker 3: since nineteen ninety eight. However, there are some right spots

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Speaker 3: the German Economic institutes, as direct investment by German companies

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Speaker 3: reached a record of nearly thirteen billion dollars last year.

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Speaker 3: That suggests that even with geopolitical tensions, China is still

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Speaker 3: on the radar for investment. In Hong Kong. Joanne Wang

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Speaker 3: Bloomberg Radio.

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Speaker 2: In other news, the People's Bank of China left a

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Speaker 2: key interest rate unchanged to two point five percent. At

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Speaker 2: the same time it injected a small amount of cash

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Speaker 2: into the financial system. Both decisions come after the YU

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Speaker 2: one fell to a three month low in offshore trading

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Speaker 2: last week. At the moment, the offshore currency is at

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Speaker 2: seven point two zero six against the US dollar, and

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Speaker 2: soft Bank stock was up one point four percent this morning.

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Speaker 2: Founder Masayoshi's son is said to be considering the creation

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Speaker 2: of a one hundred billion dollar chip venture that would

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Speaker 2: supply AI enabling semiconductors. Earlier, Bloomberg News reported that the

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Speaker 2: billionaire is seeking to put together money for a project

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Speaker 2: that would compete with Nvidia. In some other news, soft

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Speaker 2: Bank founder Masayoshi's son is said to be considering the

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Speaker 2: create of a one hundred billion dollar chip venture that

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Speaker 2: would supply AI enabling semiconductors. Earlier, Bloomberg News had reported

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Speaker 2: the billionaire was seeking funding for a foray into AI

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Speaker 2: chips to compete with Nvidia. That's news when you want

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Speaker 2: it with Bloomberg News. Now, I'm Brian Curtis. This is

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Speaker 2: Bloomberg