# Asia Stocks Rebound, SpaceX Combines With xAI, US-India Trade Deal

An episode of [Bloomberg Daybreak: Asia Edition](https://invisiblenetwork.ai/podcast/1663863437), 3 Feb 2026, 20 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/58e85be7-dbb5-4043-afed-af80014dc0b3/2a6823c3-9c9c-43e9-9c67-b3e600289e34/audio.mp3?utm_source=Podcast&in_playlist=27143354-63aa-4ac5-965d-af80014dc0d3

Business and finance news from the Asia-Pacific. Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world's richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration. The acquisition of xAI was announced in a statement on SpaceX's website signed by Musk and confirming a Bloomberg News report earlier Monday. The deal gives SpaceX a valuation of $1 trillion, and xAI a value of $250 billion, people familiar with the matter said. The combined company's valuation was announced to employees in a memo on Monday, some of the people said earlier. Asian stocks climbed after their steepest two-day drop since April as markets found footing following sharp swings in gold and silver that sent ripples across assets. The precious metals rose in early trading. For more on what is moving the markets, we spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries. Following a phone call with Modi, Trump said on social media that he would cut a US levy on Indian goods to 18% from 25%. The US President is also removing an extra punitive 25% duty applied in response to India's purchases of crude from Russia, according to officials familiar with the matter. We got reaction from Basant Sanghera, Managing Principal at the Asia Group. He spoke to Bloomberg's Paul Allen and Shery Ahn. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
[0:10] Speaker 2: Welcome to the Daybreak Asia podcast. I'm Doug Krisner. We
[0:13] Speaker 2: begin with Elon Musk. He's planning to merge SpaceX with
[0:17] Speaker 2: his artificial intelligence firm XAI, and we're being told the
[0:21] Speaker 2: combined company is expected to have a valuation of one
[0:24] Speaker 2: into quarter trillion dollars. Here is Bloomberg's Ryan Gould.
[0:27] Speaker 3: Elon's view is that we're going to have data centers
[0:29] Speaker 3: in space, and part of this is about, you know,
[0:31] Speaker 3: putting compute and the idea of space exploration and sort
[0:34] Speaker 3: of expression of the universe together. This is clearly part
[0:37] Speaker 3: of his vision. There is a very good quote that
[0:40] Speaker 3: kind of encapsulates a lot of this, which is what
[0:42] Speaker 3: you know he wrote, i think late last year, which
[0:44] Speaker 3: is that in some ways his company's history companies Tesla,
[0:47] Speaker 3: SpaceX and Xai are going to come together. They can
[0:50] Speaker 3: to converge and maybe this is kind of the first
[0:52] Speaker 3: leg of the store that we're now seeing.
[0:54] Speaker 2: That is Bloomberg's Ryan Gould. We're seeing a calmer mood
[0:57] Speaker 2: in equity markets across the Asia Pacific after some heavy
[1:00] Speaker 2: selling in the Monday session. As one example, South Korean
[1:04] Speaker 2: shares jump by more than three percent at the open.
[1:07] Speaker 2: That's after the costp tumbled five point three percent in
[1:10] Speaker 2: the Monday session. Joining me now is Bloomberg's Paul Dobson.
[1:13] Speaker 2: Paul is executive editor for Asia Markets and he joins
[1:16] Speaker 2: from our studios in Singapore. Thanks for being here. So
[1:20] Speaker 2: the Monday session, as we both know, is eye opening,
[1:23] Speaker 2: particularly when you look at precious metals. We did have
[1:27] Speaker 2: that cratering in both gold and silver prices in New
[1:30] Speaker 2: York on Friday, and some analysts were tracing that sell
[1:33] Speaker 2: off to the news on Kevin Worsh being selected as
[1:37] Speaker 2: President Trump's nominee to lead the FED. Do you consider
[1:40] Speaker 2: this to be the primary driver of the recent volatility.
[1:44] Speaker 4: I think that Marcus had just got an extremely stretched
[1:47] Speaker 4: and over leveraged in the metal space, but not just
[1:50] Speaker 4: there in a lot of the momentum trades as well,
[1:53] Speaker 4: and the CTAs were involved, the retail traders were involved,
[1:56] Speaker 4: and so it got very very top heavy, and so
[2:00] Speaker 4: when the correction came with the Wash announcement, the move
[2:06] Speaker 4: was pretty violent, and you know, right for that. So
[2:10] Speaker 4: although the correction of the sell off was really huge,
[2:13] Speaker 4: it still you know, didn't even wipe out pretty much
[2:15] Speaker 4: the games for this year, let alone the massive run
[2:17] Speaker 4: up for last year. So you'd only have been underwater
[2:20] Speaker 4: if you were very late to the party. So I
[2:22] Speaker 4: guess that that you know, help helped whip it up.
[2:26] Speaker 4: Always always leverage and people thinking that there's an easy
[2:30] Speaker 4: trade and no no end.
[2:32] Speaker 2: The other side of that story is the rally that
[2:35] Speaker 2: we had in the dollar during New York trading on Friday.
[2:38] Speaker 2: It seems like that may have provided the spark.
[2:42] Speaker 4: Yeah, so I think that, you know, dollar negativity, for
[2:44] Speaker 4: one thing, had gotten extremally overdone. Perhaps in January, that
[2:49] Speaker 4: idea of cel America, that idea of dedollarization, the quiet quitting,
[2:55] Speaker 4: all of those sort of themes had sort of fed
[2:58] Speaker 4: into this very negative dollar spiral, and above all else,
[3:02] Speaker 4: the idea the president was trying to influence the Fed
[3:08] Speaker 4: and its monetary policy. And I think the appointment of
[3:11] Speaker 4: Kevin Walsh really short circuited a lot of that for
[3:15] Speaker 4: a couple of reasons. One maybe because he's seen as
[3:19] Speaker 4: slightly more of a hawk relative to the other candidates,
[3:22] Speaker 4: and so, all things being equal, may not cut at
[3:25] Speaker 4: interest rates quite as much as others. But actually when
[3:28] Speaker 4: people dug into what he stands for a little bit more.
[3:31] Speaker 4: I think there's two other things. One is this idea
[3:34] Speaker 4: that he would like a much lower FED balance sheet,
[3:37] Speaker 4: and so that would shrink the amount of liquidity sloshing
[3:41] Speaker 4: around in the system, which may firm up the dollar
[3:44] Speaker 4: to a certain extent. But even more than that, that
[3:46] Speaker 4: just that he's seen as a credible candidate with a
[3:49] Speaker 4: bit of a plan and with a bit of a
[3:51] Speaker 4: you know, kind of backbone. And I think the idea
[3:53] Speaker 4: that he would actually stand for FED independence, and I
[3:56] Speaker 4: guess maybe working in concert a little bit with the
[3:59] Speaker 4: Final Ministry, with the Treasury Secretary, but at the same
[4:04] Speaker 4: time sticking with a kind of FED and government relationship
[4:10] Speaker 4: that stands the test of time, was enough to firm
[4:13] Speaker 4: people's convictions up a little bit on the dollar. And
[4:15] Speaker 4: so it took away some of the motivations and the
[4:18] Speaker 4: reasons for the de dollarization trade and be that against
[4:22] Speaker 4: other currencies or against the precious metals.
[4:25] Speaker 2: So I have to ask you about the US trade
[4:27] Speaker 2: deal with India. This is after Prime Minister Mody agreed
[4:30] Speaker 2: to stop buying Russian crude oil. What do you think
[4:34] Speaker 2: this means, Paul? For the Indian market going forward.
[4:37] Speaker 4: Sensibly, this is a really big moment of relief for India,
[4:41] Speaker 4: which had been underperforming Asia and emerging markets for quite
[4:45] Speaker 4: some time. It had its worst January since twenty sixteen
[4:48] Speaker 4: in the stock market. The rupee was at a record low,
[4:51] Speaker 4: so things were really starting to look rather crestfall and
[4:54] Speaker 4: for India because of the weight of the US tariffs,
[4:57] Speaker 4: So finding a way out of that at low last
[5:00] Speaker 4: is definitely seen first and foremost as a relief. We
[5:03] Speaker 4: saw that in the overnight trading of ETFs, which were
[5:08] Speaker 4: up around four percent i think, and the rupee in
[5:11] Speaker 4: the NDIF market up over one percent. But it's not
[5:15] Speaker 4: as simple as that. So some of the agreements, the
[5:19] Speaker 4: idea that India can very easily replace Russian oil with
[5:23] Speaker 4: Venezuela and oil has problems, problems to do with the
[5:26] Speaker 4: quality of the crude and also to do with the
[5:30] Speaker 4: price that would need to be paid, so that's not
[5:32] Speaker 4: perfect for India. And there are other agreements as well,
[5:36] Speaker 4: including how much it has to spend in theory on
[5:39] Speaker 4: buying US goods, that are also going to be a
[5:41] Speaker 4: little bit of a long term headache. So topline people
[5:45] Speaker 4: are very happy that the deal's done. Underneath that the
[5:48] Speaker 4: details may be a little bit less beautiful for India's
[5:51] Speaker 4: market in the long term.
[5:52] Speaker 2: Is there a sense of how Beijing feels about this?
[5:55] Speaker 2: Do we know the Chinese side of the story.
[5:58] Speaker 4: It feels late as far as the US and China
[6:00] Speaker 4: relations ship is concerned. At the moment, there's this idea
[6:05] Speaker 4: of just trying to not rock the boat too much.
[6:08] Speaker 3: So, you know, it.
[6:09] Speaker 4: Feels like the pressure from the Trump administration on China
[6:13] Speaker 4: has somewhat abated. Happy to see the trade just continue
[6:18] Speaker 4: to kind of flow through. So I'm not sure that
[6:21] Speaker 4: China will react one way or the other to the
[6:24] Speaker 4: India trade deal in a great manner. What it might
[6:28] Speaker 4: take some exception to is the announcement that we had
[6:31] Speaker 4: in the US day to day. The President Trump also
[6:34] Speaker 4: wants to build this stockpile for rare earth minerals and
[6:38] Speaker 4: associated products, which may you know, weigh on the sector
[6:43] Speaker 4: or indeed stoke demand for the sector, particularly outside of China.
[6:46] Speaker 4: But I think again, the idea that the US and
[6:49] Speaker 4: other economies that don't have great relationships with China will
[6:53] Speaker 4: that to source those materials from elsewhere is nothing particularly new.
[6:56] Speaker 2: We had the official Chinese PMI data over the weekend,
[7:00] Speaker 2: factory activity unexpectedly deteriorated, and then when you look at
[7:04] Speaker 2: the non manufacturing side, that PMI also contracted a bit.
[7:08] Speaker 2: I'm wondering about the level of concern here about what's
[7:11] Speaker 2: going on with the Chinese economy.
[7:14] Speaker 4: That was a negative surprise, no doubt about it. People
[7:18] Speaker 4: don't really know how those numbers looked quite so bad.
[7:21] Speaker 4: It's funny though, because just at the same time as that,
[7:24] Speaker 4: I think that there are glimmers of hope for the
[7:27] Speaker 4: other side of the Chinese economy, namely the sort of
[7:29] Speaker 4: consumer side of things. And what I'm looking at there
[7:32] Speaker 4: is sales of liquor actually up in China and recovering
[7:37] Speaker 4: which is usually assigned that people are in a good
[7:39] Speaker 4: mood preparing for the Lunar New Year celebrations. We've also
[7:43] Speaker 4: seen pick up in some other areas of consumption, and
[7:47] Speaker 4: anecdotally it sounds like over the Christmas period things were
[7:51] Speaker 4: a little bit busier as well. That said, car sales
[7:54] Speaker 4: have down quite a long way, bad reputed that so
[7:57] Speaker 4: it's still a mixed picture on the consumption side of it.
[8:00] Speaker 4: For the industrial production site, we'll have to see whether
[8:02] Speaker 4: this is part of a longer term trend or just
[8:04] Speaker 4: a blip.
[8:05] Speaker 2: So the BYD that you mentioned sales down in the
[8:08] Speaker 2: month of January by thirty percent to what extent is
[8:11] Speaker 2: that a reflection of just overall demand weakness or the government,
[8:16] Speaker 2: I understand, is kind of scaling back on some of
[8:19] Speaker 2: these subsidies that were designed to support the EV industry
[8:22] Speaker 2: in China, and as they go away, it's only logical
[8:25] Speaker 2: that maybe you see sales struggle a.
[8:28] Speaker 4: Bit, that's right. So the removal of subsidies is a
[8:31] Speaker 4: big deal that the evmakers are going to have to
[8:33] Speaker 4: come to terms with, but the size of the drop
[8:36] Speaker 4: is largely the way, and so the impact on those
[8:39] Speaker 4: companies is going to be negative and on the economy too.
[8:43] Speaker 4: China does have these other support measures in place where
[8:46] Speaker 4: they're sort of trade in goods, a little bit like
[8:49] Speaker 4: or trade in motivation for doing trade in it's a
[8:52] Speaker 4: little bit like the cash for conker scheme that the
[8:55] Speaker 4: US used to have, and it's continuing with that into
[8:58] Speaker 4: this year as well other incentives for the various purchases
[9:03] Speaker 4: across the consumer complex. But yes, and I think that
[9:07] Speaker 4: probably you know, if those businesses, the electric vehicle makers
[9:11] Speaker 4: are able to stand on their own feet without the subsidies,
[9:14] Speaker 4: then that's probably a good strong sign for the longer term.
[9:17] Speaker 4: And I think the other thing is they'll probably continue
[9:19] Speaker 4: to emphasize exports, particularly setting into Europe.
[9:22] Speaker 2: Of course, you mentioned the Lunar New Year holiday which
[9:25] Speaker 2: is fast approaching. Are analyst reasonably optimistic the Chinese consumers
[9:30] Speaker 2: will be spending a fair amount as we look to
[9:33] Speaker 2: that long holiday period.
[9:36] Speaker 4: I think relative to what we've seen in the last
[9:39] Speaker 4: few years since COVID, there are signs of green shoots
[9:43] Speaker 4: and a little bit more optimism, with certain caution and caveats.
[9:49] Speaker 4: It's certainly not all guns blazing. People are still very
[9:53] Speaker 4: worried about the employment situation, but it does seem that
[9:57] Speaker 4: there is a little bit more mentum just starting to
[10:02] Speaker 4: kindle at the moment. So as we get there, we'll
[10:05] Speaker 4: be watching holiday travel, holiday spending, where people are going.
[10:10] Speaker 4: Are they going to the movie theaters? What are they
[10:12] Speaker 4: spending on restaurants as well? And are they shopping? And
[10:16] Speaker 4: if we come through the outside of New Year with
[10:21] Speaker 4: a more complete picture on that, we'll be able to
[10:23] Speaker 4: determine a little bit more what that sentiment looks like
[10:25] Speaker 4: going into the rest of the year.
[10:27] Speaker 2: Is Beijing still urging Chinese travelers to avoid Japan. I
[10:30] Speaker 2: know we had the comments from Japanese Prime Minister Taki
[10:33] Speaker 2: Ichi concerning Taiwan and how leadership in Beijing took offense.
[10:39] Speaker 2: That's pretty much why we're in this situation right.
[10:43] Speaker 4: The dispute with Japan has not gone away as yet,
[10:46] Speaker 4: and so Chinese spending in Japanese duty three stores, for example,
[10:51] Speaker 4: is still down considerably year on year. So that's an
[10:55] Speaker 4: interesting friction that hasn't gone away yet and seems to
[10:57] Speaker 4: be just left to festa at the moment. We haven't
[11:00] Speaker 4: heard any more recently from Takeiichi in Japan or from
[11:05] Speaker 4: the Chinese administration on it. Maybe the plan will be
[11:11] Speaker 4: to stop talking about it and hope it goes away
[11:14] Speaker 4: over time, so that there's a bit of an off run,
[11:16] Speaker 4: which I think has been the trend in the past,
[11:18] Speaker 4: but it can take quite a long time for those
[11:22] Speaker 4: things to blow over and reset.
[11:25] Speaker 2: In the US, we had a pretty strong reading on
[11:27] Speaker 2: manufacturing for the month of January, the PMI data from
[11:30] Speaker 2: the ISM and I know Paul that we've had a
[11:33] Speaker 2: lot of PMI figures published for the APAC region recently.
[11:38] Speaker 2: Is there a way that you can make some generalizations?
[11:41] Speaker 2: Are you seeing slight expansion? Are things in contraction? How
[11:44] Speaker 2: would you describe the overall picture?
[11:47] Speaker 4: Coping coping with the tariff situation and kind of muddling
[11:51] Speaker 4: through a little bit mixed, But the market seem optimistic
[11:55] Speaker 4: about it in any case. I think if you take
[11:57] Speaker 4: away those last few days, so Thursday Monday, January was
[12:02] Speaker 4: an exceptionally good month for APAX, for emerging markets in
[12:08] Speaker 4: terms of performance, and I think that that reflects a
[12:11] Speaker 4: certain degree of optimism and the idea that the other
[12:16] Speaker 4: regions are going to outperform the US this year. So
[12:20] Speaker 4: I do think that it's interesting that actually we're seeing
[12:22] Speaker 4: those signs of strength in the US economy. The ism
[12:25] Speaker 4: manufacturing gauge really strong as well. I would say the
[12:29] Speaker 4: other thing that we'll need to focus on Doug will
[12:31] Speaker 4: be the payrolls report, but I understand that that's not
[12:33] Speaker 4: going to come this Friday, so I have to be
[12:35] Speaker 4: patient on that one. But one less thing to worry about,
[12:38] Speaker 4: I suppose before the weekend.
[12:39] Speaker 2: Yeah, that partial government shutdown has delayed the release of
[12:42] Speaker 2: the employment data, which was set for release on Friday.
[12:45] Speaker 2: Paul will leave it there. Thank you so very much.
[12:47] Speaker 2: Bloomberg's Paul Dobson. He is executive editor for Asia Markets.
[12:51] Speaker 2: Joining from our studios in Singapore here on the Daybreak
[12:54] Speaker 2: Asia podcast. Welcome back to the Daybreak Asia Podcast. I'm
[13:07] Speaker 2: Doug Krisner. We mentioned a moment ago the US and
[13:10] Speaker 2: India were able to reach a trade deal to reduce
[13:13] Speaker 2: tariffs on Indian goods. That was after Prime Minister Narendra
[13:16] Speaker 2: Modi agreed to stop buying Russian crude oil. President Trump
[13:20] Speaker 2: said he would lower his twenty five percent tariff on
[13:23] Speaker 2: Indian goods to eighteen percent, and at the same time,
[13:27] Speaker 2: overall levees on many Indian goods will be reduced from
[13:30] Speaker 2: fifty percent down to eighteen percent, and of course that
[13:33] Speaker 2: represents a significant reduction. It'll affect things like textiles, machinery
[13:39] Speaker 2: and other goods. And that's where we begin our conversation
[13:42] Speaker 2: with Bassant Sungerra. He is managing principal at the Asia Group.
[13:46] Speaker 2: Bassant spoke with Bloomberg TV host Paul Allen and Sherry on.
[13:50] Speaker 5: We don't have a full text of what was agreed to,
[13:53] Speaker 5: but can you give us your initial reaction to this news.
[13:57] Speaker 6: Sure to thank you for having me, Paul. Real milestone
[14:00] Speaker 6: moment nearly eight decades of US India diplomatic ties. I
[14:04] Speaker 6: think the bulk of what was negotiated in the bilateral
[14:07] Speaker 6: trade agreement actually took place last year. There was a
[14:10] Speaker 6: moment in July when both sides are very close to announcement.
[14:14] Speaker 6: For a number of reasons geopolitical India, Pakistan, Russian oil.
[14:18] Speaker 6: That agreement wasn't announced then, but both sides have managed
[14:22] Speaker 6: to revive a lot of that work. I think in
[14:25] Speaker 6: key sectors industrial goods, spirits, not all agricultural goods, but
[14:32] Speaker 6: some items. You'll see wide relief for US exporters. The timelines,
[14:38] Speaker 6: I think still need to be sorted out, the legal texts.
[14:41] Speaker 6: Important to remember that this is a legally binding text.
[14:44] Speaker 6: That process to finalize that text is still ongoing. And
[14:49] Speaker 6: of course, a huge relief for Indian exporters to the
[14:52] Speaker 6: United States after facing that heavy fifty penalty tariff which
[14:57] Speaker 6: will now go down to eighteen percent.
[15:00] Speaker 5: Well, the US would still like India to further lower
[15:03] Speaker 5: trade barriers, but how realistic is that Because agriculture's off
[15:07] Speaker 5: limits in New Zealand and the European Union couldn't agree
[15:11] Speaker 5: access for dairy products, so why would the US expect
[15:15] Speaker 5: any different treatment.
[15:17] Speaker 6: Well, I think it's important to remember that of the
[15:21] Speaker 6: deals India has concluded with various partners, including a very
[15:24] Speaker 6: monumental EU, one, from our understanding is what it's offered
[15:28] Speaker 6: from to the US has been unprecedented and competitive compared
[15:33] Speaker 6: to what has offered other partners. Certain sectors, as you mentioned,
[15:39] Speaker 6: particularly dairy GMOs, those were non starters and I don't
[15:43] Speaker 6: think those will feature in this agreement. It's also important
[15:48] Speaker 6: to remember that this is the phase one. Portion of
[15:52] Speaker 6: this agreement is just going to cover reciprocal tariffs and
[15:56] Speaker 6: non tariff barriers such as quality controllers. There are going
[15:59] Speaker 6: to be sub sequent chapters total is nineteen, dealing with
[16:03] Speaker 6: things like digital trade, intellectual property, and most importantly economic security.
[16:09] Speaker 6: As you probably are tracking, the Indian Foreign Minister is
[16:12] Speaker 6: going to be in Washington this week for an important
[16:15] Speaker 6: meeting on critical minerals. How both sides can cooperate more
[16:20] Speaker 6: on economic security matters, including critical minerals. That's going to
[16:24] Speaker 6: be important part of the follow on agreement. So again,
[16:27] Speaker 6: this is just the first phase, an important one, but
[16:31] Speaker 6: the negotiations on those subsequent chapters. They will continue throughout
[16:35] Speaker 6: the remainder of the year.
[16:38] Speaker 1: And of course, in order to understand who got a
[16:40] Speaker 1: better deal here between the two sides, we still need
[16:43] Speaker 1: to see the details, as you're alluding to. But coming
[16:46] Speaker 1: into these negotiations, who needed this seal more President Trump
[16:51] Speaker 1: or Prime Minister Remote.
[16:54] Speaker 6: I think India was feeling confident, particularly given the monumental
[17:01] Speaker 6: deal they secured with the European Union last week. I think,
[17:07] Speaker 6: as I mentioned, the substance was actually agreed some months ago,
[17:11] Speaker 6: but both sides I think needed an opportune political moment,
[17:15] Speaker 6: and as the previous analyst noted, the Russian oil picture
[17:19] Speaker 6: also needed to get into a better place. So that
[17:23] Speaker 6: period of political stabilization allowed for both sides to come
[17:28] Speaker 6: together and do a leader level call to make this
[17:31] Speaker 6: deal possible.
[17:34] Speaker 1: At a time when a trade conversations and geopolitical conversations,
[17:39] Speaker 1: when the line seemed to be pretty blurred. You mentioned
[17:41] Speaker 1: the critical minerals conversations ongoing right now, how critical will
[17:45] Speaker 1: this trade deal be? And cementing a stronger relationship between
[17:49] Speaker 1: the two sides at a time when we kind of
[17:51] Speaker 1: thought perhaps America's indo specific strategy had wavered.
[17:59] Speaker 6: You're absolutely right. Geopoliticals are at the heart of this
[18:03] Speaker 6: in some ways last year, had the India Pakistan clashes
[18:07] Speaker 6: not taken place in April and May, you could have
[18:09] Speaker 6: gotten a trade deal last summer. That was one of
[18:13] Speaker 6: the chief obstacles. So it's always important to sort of
[18:16] Speaker 6: watch out for those geopolitical black swans that could create
[18:21] Speaker 6: frictions down the road. I think critical minerals is very
[18:25] Speaker 6: much at the heart of this. The unspoken factor here
[18:30] Speaker 6: is China. Both New Delhi and Washington have very real
[18:33] Speaker 6: concerns about Chinese dominance in areas like critical minerals and
[18:38] Speaker 6: rare earths, and with other like minded partners. The goal is,
[18:43] Speaker 6: now that this first phase is out of the way,
[18:45] Speaker 6: how can both sides sort of galvanize cooperation on supply
[18:49] Speaker 6: chain resiliency.
[18:52] Speaker 2: That was beyond Sun Herah, managing principle at the Asia Group,
[18:56] Speaker 2: speaking to Bloomberg TV host Paul Allen and Cherry on
[19:00] Speaker 2: bringing it to you here on the Daybreak Asia podcast.
[19:05] Speaker 2: Thanks for listening to today's episode of the Bloomberg Daybreak
[19:08] Speaker 2: Asia Edition podcast. Each weekday, we look at the story
[19:12] Speaker 2: shaping markets finance and geopolitics in the Asia Pacific. You
[19:16] Speaker 2: can find us on Apple, Spotify, the Bloomberg Podcast YouTube channel,
[19:20] Speaker 2: or anywhere else you listen. Join us again tomorrow for
[19:24] Speaker 2: insight on the market moves from Hong Kong to Singapore
[19:27] Speaker 2: and Australia. I'm Doug Chrisner, and this is Bloomberg

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.