Big Mac and iPhone Indexes Clash on Valuations

Investors accustomed to using the price of a Big Mac to tell whether a currency is cheap or expensive may have to reboot their thinking. Nomura's new iPhone index suggests the dollar is the most undervalued currency among 23 global peers, based on the cost of the Apple product in different countries. Bloomberg's Ramy Inocencio reports on "Daybreak Asia." (Source: Bloomberg)

China's August Data Shows Economy Cools Again
34:15 - Jian Chang, chief China economist at Barclays, discusses China's August economic data and what it means for the economy. She speaks on "Bloomberg Markets: Asia." (Source: Bloomberg)
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