Asian Shares Rise on Valuations, UBS CEO Sergio Ermotti on China

Asian shares climbed to near a record, buoyed by optimism over earnings and regional economic growth as investors broadened their focus beyond US markets. Much of the early action was in Japan, where stock gauges jumped after returning from a holiday. The yen gained as much as 0.2% to 157.90 per dollar after Finance Minister Satsuki Katayama said she told US Treasury Secretary Scott Bessent that she's concerned about one-way yen moves. Japanese government bond yields surged amid speculation that Prime Minister Sanae Takaichi might dissolve the parliament as soon as next month. For more on what is moving the markets, we turn to Mark Cranfield, Bloomberg's Markets Live Strategist. Plus - UBS is hosting the 26th annual Greater China Conference. Bloomberg had the chance to catch up with CEO Sergio Ermotti. Ermotti spoke to Bloomberg's Stephen Engle and they discussed his outlook on UBS's business in China. See omnystudio.com/listener for privacy information.