Bessent in Tokyo Ahead of Xi‑Trump Meet | The Asia Trade 5/12/2026

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Paul Allen and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:01:49 – Trump says ceasefire with Iran on ‘massive life support’
00:12:37 – Nvidia CEO to miss China trip; Musk, Cook to join Trump for Xi summit
00:14:12 – Australia’s housing sector in focus
00:17:19 – Australia’s budget deficit set to narrow
00:25:02 – Why Bessent’s China trip has a long Tokyo layover
00:27:08 – Nomura’s Yujiro Goto on Bessent’s meetings with Takaichi, Katayama
00:36:15 – SoftBank’s Son in talks for major data center project in France
00:43:37 – BOJ signals chance of rate hike next month over inflation risks
00:47:27 – Markets open in Japan, South Korea & Australia
00:50:37 – Manulife Investment Management’s Colin Purdie on market outlook
01:00:20 – Iran says it has deployed mini subs in contest to control Hormuz
01:01:03 – Aramco sees Hormuz halt causing 100 million-barrel oil loss
01:07:17 – Trump says he will discuss Taiwan arms sales at Xi summit
01:12:51 – China investors bet Xi-Trump meet to extend trade-detente rally
01:20:16 – AUSTRALIA AHEAD: ANU’s Jill Sheppard on Australia’s budget reforms
01:33:13 – Pound weakness picks up with focus on UK PM Starmer’s future
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